Cubic Corp. (CUB) Posts Q1 Loss of $0.20/Share

Cubic Corp. (NYSE: CUB) reported Q1 EPS of ($0.20), which may not compare with the analyst estimate of $0.28. Revenue for the quarter came in at $313.8 million versus the consensus estimate of $330.33 million.

“We are very excited about our expansion into the high growth, higher margin C4ISR markets with the acquisitions of TeraLogics and GATR. Historically, our first quarter has often been our least profitable quarter, and this year was further impacted by costs associated with these acquisitions and the continued implementation of our OneCubic ERP and supply chain efficiency efforts. We remain confident that fiscal year 2016 sales and Adjusted EBITDA will be higher than last year and fiscal year 2017 will be at record levels,” said Bradley H. Feldmann, president and chief executive officer of Cubic Corporation.

For earnings history and earnings-related data on Cubic Corp. (CUB) click here.

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