-=SMART Global (SGH) reported earnings on Thur 4 Oct 2018 (a/h)

SMART Global beats by $0.06, beats on revs; guides NovQ EPS above consensus, revs in-line 

• Reports Q4 (Aug) earnings of $1.72 per share, excluding non-recurring items, $0.06 better than the S&P Capital IQ Consensus of $1.66; revenues rose 67.7% year/year to $373.97 mln vs the $368.51 mln S&P Capital IQ Consensus.
  • Co says driving performance was strength in its Specialty Memory business which had a very strong quarter and earned new NVDIMM and VLP RDIMM design wins at major Storage and Server customers. Co also had design wins for its ruggedized SSD products and its Embedded Data Cache product in the Industrial Automation market. Brazil also continued its strong performance.
• Co issues guidance for Q1 (Nov), sees EPS of $1.74-1.79, excluding non-recurring items, vs. $1.69 S&P Capital IQ Consensus; sees Q1 revs of $375-390 mln vs. $384.3 mln S&P Capital IQ Consensus.

Smart Global Holdings (SGH) : 7-month performance

• Earnings 12/21/17 (a/h)

Shares of SMART Global Holdings (NASDAQ: SGH) rose 10% on Friday after the specialty memory company announced stronger-than-expected quarterly results.

More specifically, for its first quarter of fiscal 2018, SMART Global's revenue climbed 67% year over year, to $265.4 million, and translated to adjusted (non-GAAP) net income of $23.8 million, or $1.05 per diluted share. Analysts, on average, were only expecting adjusted earnings of $0.92 per share on revenue of $255 million.

For its fiscal second quarter, SMART Global expects revenue in the range of $280 million to $300 million, and adjusted earnings per share of $1.30 to $1.36. Both figures handily outpaced Wall Street's consensus estimates for the current quarter, which called for adjusted earnings of $0.98 per share on revenue of $259.5 million.

Smart Global Holdings (SGH) : 2-week performance

Smart Global Holdings (SGH) began trading on Nasdaq on 24 May 2017

• Smart Global, which does business as Smart Modular, priced 5.3 million shares at $11 per share. That was well below the expected range of $13 to $15 per share. The company raised $58.3 million, far from the $74 million it would have raised if it priced shares at the middle of the range.
• The proceeds are also below the $66.6 million the company was planning to use to pay off debt.
• But shares opened at $12 per share and ended at $13.45.
• The company went public again after being taken private in 2011.

Description

Smart Global Holdings Inc. is a holding company. The Company through its subsidiaries provides specialty memory solutions. The Company manufactures memory for desktops, notebooks, servers and mobile memory for smartphones. The Company also serves original equipment manufacturer (OEM), customers to develop memory solutions. The Company also provides customized, integrated supply chain services to certain OEM customers to assist them in the management and execution of their procurement processes. The Company offers its products and services under a range of categories including dynamic random-access memory (DRAM) components, DRAM modules, flash components, mobile memory and supply chain services. The Company offers a range of DRAM modules including DIMMs, nonvolatile DIMMs, load reducing DIMMs, registered DIMMs, unbuffered DIMMs, small outline DIMMs, and mini-DIMMs.

Address

39870 Eureka Dr
NEWARK, CA 94560-4809
United States

Key stats and ratios

	Q1 (Feb '17)	2016
Net profit margin	-1.36%	-3.73%
Operating margin	4.60%	1.16%
EBITD margin	-	7.13%
Return on average assets	-2.23%	-3.90%
Return on average equity	-95.03%	-539.31%
Employees	1,139