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Dec 28, 2019
iRobot Q4 2019 Earnings Report
iRobot's Q4 2019 financial results were announced, revealing revenue, operating income, and EPS exceeding expectations due to strong U.S. revenue growth and cost management.
Key Takeaways
iRobot reported an 11% increase in revenue for Q4 2019, reaching $426.8 million, with EPS at $0.70. The company's operating income was $16.6 million. Revenue growth was driven by a 15% increase in the U.S. and 6% internationally, with new products contributing significantly to the total revenue.
Q4 2019 revenue grew 11% year-over-year to $426.8 million, driven by 15% growth in the U.S. and 6% internationally.
Operating income for Q4 2019 was $16.6 million, impacted by Section 301 tariff costs.
EPS for Q4 2019 was $0.70, compared to $0.88 in Q4 2018.
The Roomba s9 Series, Braava jet m6 Series, and international sales of the Roomba i7 Series drove revenue growth.
Revenue by Geographic Location
Forward Guidance
iRobot anticipates 2020 revenue growth in the range of 9% to 11%, but expects operating profitability and EPS to be constrained due to pricing, promotional activity, and tariff costs. The company plans to continue funding investments to rebound in 2021 with accelerated revenue growth and improved operating income.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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