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BREAKING- SodaSteam up 11 Percent on Positive Earnings

Shares of SodaStream (NASDAQ: SODA) are up 11 percent in premarket trading after the company announced earnings that beat Wall Street expectations. The company reported adjusted EPS of $0.74 versus consensus of $0.57 on earnings of $132.4 million versus estimates of $129.72 million.

Other metrics from the earnings release include:

  • Revenue increased 28.5% to $132.4 million from $103.0 million in the second quarter 2012.
  • EBITDA increased 47.6% to $18.0 million from $12.2 million, and Adjusted EBITDA increased 53.9% to $21.0 million from $13.6 million in the second quarter 2012.
  • Net income increased 36.1% to $12.9 million compared to $9.5 million in the second quarter 2012, and Adjusted net income was $15.8 million compared to $10.9 million in the second quarter 2012.
  • Diluted earnings per share increased 33.3% to $0.60, compared to $0.45 in the second quarter 2012 and Adjusted diluted earnings per share were $0.74 compared to $0.52 in the second quarter 2012

Daniel Birnbaum, Chief Executive Officer of SodaStream, commented,

“Our business performed very well during the second quarter, with revenue up 29% year-over-year on top of very strong gains a year ago that were fueled by the launch at Wal-Mart. Importantly, operating income grew at a faster pace than revenue as we leveraged expenses to drive earnings per share ahead of expectations. With global first half unit sales of soda makers, gas refills and flavors up 18%, 30%, and 25% respectively, we are making great progress against our plan to grow our installed base and strengthen user loyalty. Our strong momentum in the Americas and Western Europe, combined with improving trends in Asia-Pacific, position us well to achieve our upwardly revised outlook for 2013.”

[stock-tools exchange="NASDAQ" symbol="SODA" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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