Cambrex Q2 Profit Matches Estimates - Quick Facts

(RTTNews) - Cambrex Corporation (CBM) reported that its second-quarter adjusted EPS increased 12% to $0.76 compared to $0.68 in the same quarter last year. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.76 for the quarter. Analysts' estimates typically exclude special items. EBITDA increased 16% to $42.2 million compared to the same quarter last year.

Second-quarter revenue increased 13% to $134.6 million compared to $118.6 million in the same quarter last year. Excluding the impact of foreign exchange, net revenue increased 15%. Analysts expected revenue of $135.94 million, for the quarter. The company said the increase in revenue primarily reflects higher volumes partially offset by lower pricing.

The company increased its financial guidance for full year adjusted EBITDA, adjusted income from continuing operations per share and free cash flow. The company now expects adjusted EBITDA to be between $171 and $177 million, an 11% to 15% increase compared to 2016 and adjusted income from continuing operations to be between $3.00 - $3.12 per share. 2017 free cash flow is now expected to be between $55 and $65 million.