The 10-second takeaway
For the quarter ended June 30 (Q2), Polypore International met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Margins contracted across the board.
Polypore International recorded revenue of $185.8 million. The 12 analysts polled by S&P Capital IQ predicted sales of $185.7 million on the same basis. GAAP reported sales were 5.4% lower than the prior-year quarter's $196.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.51. The 10 earnings estimates compiled by S&P Capital IQ forecast $0.53 per share. GAAP EPS of $0.43 for Q2 were 32% lower than the prior-year quarter's $0.63 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 37.8%, 680 basis points worse than the prior-year quarter. Operating margin was 20.6%, 640 basis points worse than the prior-year quarter. Net margin was 11.0%, 400 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $203.5 million. On the bottom line, the average EPS estimate is $0.61.
Next year's average estimate for revenue is $790.9 million. The average EPS estimate is $2.38.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 235 members out of 259 rating the stock outperform, and 24 members rating it underperform. Among 55 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give Polypore International a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Polypore International is outperform, with an average price target of $48.45.
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