NASDAQ$XELA

Exela Technologies Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported first quarter results with revenue above the high-end of the previously announced range, and expected COVID-19 pandemic to impact 2020 performance.

Exela Technologies reported first quarter 2020 results with revenue above the high-end of their previously announced range. The company expects the COVID-19 pandemic to impact 2020 performance but believes it is well-positioned to navigate the uncertain environment.

  • Revenue excluding LMCE and pass through revenue was $295.7 million, a decrease of 9.6% from Q1 2019.
  • 83% of first quarter 2020 revenue was earned in the Americas, 15% was in EMEA and 2% was in rest of world.
  • Adjusted EBITDA margin, based on revenue excluding LMCE and pass through revenue, was 15.0% in Q1 2020, compared to 23.3% in Q1 2019.
  • Total net debt was $1.518 billion as of March 31, 2020.

Headline financials

Total Revenue

$365M

Previous: $404M-9.5%
EPS (adj)

-$46.00

No prior period
Adjusted EBITDA Margin

15.0%

No prior period
Capital Expenditures

-$3.59M

Previous: -$5.57M+35.6%
Free Cash Flow

-$39M

Previous: -$42.7M+8.8%
Net Income

-$12.7M

Previous: -$29.9M+57.6%
Operating Income

-$2.2M

Previous: $17.9M-112.3%
Gross Profit

$72.9M

Previous: $96.9M-24.7%
Cash & Equivalents

$113M

Previous: $8.26M+1267.9%
Total Assets

$1.33B

Previous: $1.7B-22.0%
Stock-Based Comp

$861K

No prior period

Revenue & EPS history

Exela · Revenue · Quarterly

$365M

Q1 2020-9.5%vs Q1 2019
Beat estimate in 1 of 2 quarters(50%)
ActualEstimate

Forward guidance

Exela expects that the COVID-19 pandemic will impact their 2020 performance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-2.8%

Avg return

Earnings day

-9.1%

Avg return

5 days after

-19.5%

Avg return

30 days after

37%

13 / 35 earnings

Positive

+30.7%

Q4 2019

Best reaction

-42.4%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2025+3.8%+28.7%-27.8%
Q4 2024+8.9%+8.9%-35.6%
Q3 2024+3.5%-5.3%+5.3%
Q2 2024-0.9%-5.1%-4.6%
Q1 2024-5.0%+3.3%-12.4%
Q2 2023-17.8%-11.6%-27.7%
Q3 2023-2.3%-3.0%-29.9%
Q4 2023-3.6%-10.4%-31.1%
Q4 2022-8.5%-1.9%-21.4%
Q1 2023-8.5%-10.3%-15.4%
Q3 2022-0.1%-18.7%-57.9%
Q2 2022-10.7%-2.7%-44.1%
Q1 2022-0.4%-5.4%-23.0%
Q4 2021-42.4%-40.4%-57.8%
Q3 2021-15.2%-20.2%-45.6%
Q2 2021+2.0%-13.1%-24.8%
Q4 2020-2.0%-10.1%-22.1%
Q1 2021+0.5%-0.9%-11.4%
Q3 2020-4.8%-8.1%-8.1%
Q1 2020-25.0%-33.9%-15.1%
Q2 2020-25.0%-33.9%-15.1%
Q4 2019+30.7%+7.5%+15.0%
Q3 2019-0.7%-43.8%-52.6%
Q2 2019+8.4%-45.6%-45.1%
Q1 2019-0.9%-12.3%-39.0%
Q3 2018+5.6%-20.1%-30.8%
Q2 2018+3.1%+5.2%+23.3%
Q1 2018+0.2%+0.2%+11.6%
Q3 2017-2.5%-1.8%-6.4%
Q2 2017+9.6%-4.2%-10.5%
Q1 2017+0.0%+0.0%+0.0%
Q4 2016-0.7%-0.7%-1.0%
Q3 2016+0.0%+0.0%-0.2%
Q2 2016+0.6%-0.3%+0.1%
Q1 2016+0.3%
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014

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