Breaking Finance News

Karmada Ltd. Reports Mixed Earnings (KMDA)

Kamada Ltd. (NASDAQ: KMDA) reported second quarter EPS of $0.03 versus consensus of $0.01. Revenue came in at $16.10 million versus consensus of $16.30 million.

Other highlights include:

  • Adjusted operating margin up 160 basis points to 10%, highest in four years
  • Adjusted EPS of $0.81 increased 27%
  • Organic revenue growth of 2%
  • Secured large specialty high pressure ball valve order for emerging FPSO technology
  • Completed previously announced restructuring – on track to deliver annualized savings of $7 million
  • Announced first step of CIRCOR simplification process

“We delivered a strong quarter due to our continued focus on growth, margin expansion and cash generation,” said Scott Buckhout, CIRCOR’s President and Chief Executive Officer. “Revenue increased sequentially in all three segments, while our adjusted operating margin expanded to 10% — our highest level in four years.”

[stock-tools exchange="NASDAQ" symbol="KMDA" 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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