LONDON, UK / ACCESSWIRE / September 20, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Shiloh Industries, Inc. (NASDAQ: SHLO), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=SHLO, following the Company's posting of its financial results on August 29, 2017, for the third quarter fiscal 2017. The Company's net revenue increased 3.2% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:
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For three months ended July 31, 2017, Shiloh Industries' net revenue increased 3.2% to $256.85 million from $248.83 million in Q3 FY16. The increase was due to increase in production volume of automotive and light truck in Europe and growth in production of commercial vehicle in North America and Europe.
For the reported quarter, the Company's gross profit increased 20.7% to $28.86 million from $23.91 million in Q3 FY16. During Q3 FY17, Shiloh Industries' gross margin increased 160 basis points to 11.2% of revenue from 9.6% of revenue in Q3 FY16. The increase was due to favorable product mix and operational efficiencies.
During Q3 FY17, Shiloh Industries' earnings before interest, tax, depreciation, and amortization (EBITDA) increased 15.7% to $17.09 million from $14.77 million in Q3 FY16. For the reported quarter, the Company's adjusted EBITDA decreased 12.1% to $18.45 million from $16.46 million in Q3 FY16. During Q3 FY17, the Company's adjusted EBITDA margin increased 60 basis points to 7.2% of revenue from 6.6% of revenue in Q3 FY16.
For the reported quarter, Shiloh Industries' selling, general, and administrative (SG&A) expenses increased 21.1% to $21.25 million from $17.55 million in Q3 FY16. During Q3 FY17, the Company's depreciation and amortization (D&A) expenses increased 14.7% to $10.85 million from $9.46 million in Q3 FY16.
During Q3 FY17, the Company's operating income increased 21.4% to $7.04 million from $5.80 million in Q3 FY16. For the reported quarter, Shiloh Industries' operating margin increased 40 basis points to 2.7% of revenue from 2.3% of revenue in Q3 FY16.
During Q3 FY17, Shiloh Industries' net loss was $1.98 million compared to net loss of $678,000 in Q3 FY16. During Q3 FY17, the Company's diluted EPS was negative $0.11 compared to negative $0.04 in Q3 FY16. During Q3 FY17, the company's adjusted diluted EPS increased 133.3% to $0.07 on a y-o-y basis from $0.03 in Q3 FY16.
As on July 31, 2017, Shiloh Industries' cash and cash equivalents increased 64% to $14.27 million from $8.70 million in Q4 FY16. During Q3 FY17, the Company's net accounts receivable decreased 14.9% to $156.47 million from $183.86 million in Q4 FY16.
During Q3 FY17, the Company's net inventories increased 2.9% to $62.23 million from $60.55 million in Q4 FY16.
During Q3 FY17, the Company's accounts payable decreased 6.6% to $148.09 million from $158.51 million in Q4 FY16. During Q3 FY17, the Company's long-term debt decreased 31% to $177.28 million from $256.92 million in Q4 FY16.
During Q3 FY17, the Company's YTD cash provided by operating activities was $69.52 million compared to $49.52 million in the same period last year.
On Tuesday, September 19, 2017, the stock closed the trading session at $9.15, slightly up 0.55% from its previous closing price of $9.10. A total volume of 414.05 thousand shares have exchanged hands, which was higher than the 3-month average volume of 346.47 thousand shares. Shiloh Industries' stock price skyrocketed 12.41% in the last one month and 30.71% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 32.42%. The stock is trading at a PE ratio of 24.86 and currently has a market cap of $213.93 million.
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SOURCE: Pro-Trader Daily