The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Westway Group beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share grew.
Gross margins grew, operating margins were steady, net margins expanded.
Westway Group recorded revenue of $103.0 million. The two analysts polled by S&P Capital IQ expected revenue of $94.4 million on the same basis. GAAP reported sales were 3.0% higher than the prior-year quarter's $103.0 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 $0.02. The two earnings estimates compiled by S&P Capital IQ predicted $0.03 per share. GAAP EPS of $0.04 for Q3 were 100% higher than the prior-year quarter's $0.02 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 34.5%, 90 basis points better than the prior-year quarter. Operating margin was 5.7%, about the same as the prior-year quarter. Net margin was 3.5%, 60 basis points better than the prior-year quarter.
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