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Thursday, February 28, 2019

Kratos Defense and Security (KTOS) reported earnings on Thur 28 Feb 19 (a/h)

** charts before earnings **


** charts after earnings **

Kratos Defense and Security beats by $0.03, misses on revs; guides Q1 revs below consensus; guides FY19 revs in-line
  • Reports Q4 (Dec) earnings of $0.09 per share, excluding non-recurring items, $0.03 better than the S&P Capital IQ Consensus of $0.06; revenues fell 1.1% year/year to $164.4 mln vs the $188.24 mln S&P Capital IQ Consensus.
    • For the fourth quarter of 2018, Kratos reported bookings of $213.4 million and a book-to-bill ratio of 1.3 to 1.0, with backlog at December 30, 2018 of $620.7 million, up sequentially from $571.7 million at September 30, 2018.
  • Co issues downside guidance for Q1, sees Q1 revs of $147-157 mln vs. $169.75 mln S&P Capital IQ Consensus.
    • The first quarter 2019 financial guidance reflects the estimated impact of the recent partial government shutdown that has delayed certain domestic and Foreign Military Sales (FMS) contract awards and export license approvals required for international sales.
  • Co issues in-line guidance for FY19, sees FY19 revs of $720-760 mln vs. $722.15 mln S&P Capital IQ Consensus.

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