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Dec 31, 2019
Exela Q4 2019 Earnings Report
Exela reported Q4 2019 results, achieving revised full year guidance for revenue and adjusted EBITDA.
Key Takeaways
Exela Technologies reported its Q4 and full year 2019 results, highlighting a 1.5% increase in revenue excluding LMCE and pass-through revenues for Q4. The company achieved its revised full-year 2019 guidance, with revenue above the high end of the guidance range. The company is focusing on growing its base business in core industries and improving its financial position through debt reduction and liquidity improvement initiatives.
Revenue excluding LMCE and pass through revenue increased by 1.5% in Q4 2019 compared to Q4 2018.
Adjusted EBITDA margin was 16.4% in Q4 2019, compared to 22.8% in Q4 2018.
Full-year revenue excluding LMCE and pass through revenue increased by 2.9% in 2019 compared to 2018.
Exela is focusing on growing its base business in core industries and improving its financial position through debt reduction and liquidity improvement initiatives.
Exela
Exela
Forward Guidance
Exela has a plan for improved long-term profitable growth and value creation, focusing on growing its base business in core industries, improving operating income and free cash flow, increasing liquidity, and reducing debt.