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Mar 31, 2020
Exela Q1 2020 Earnings Report
Reported first quarter results with revenue above the high-end of the previously announced range, and expected COVID-19 pandemic to impact 2020 performance.
Key Takeaways
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.
Exela
Exela
Exela Revenue by Geographic Location
Revenue by Geographic Location
Americas Revenue
CapyFin.com Forward Guidance
Exela expects that the COVID-19 pandemic will impact their 2020 performance.