iRobot Reported Q3 2018 Financial Results

Published on: 23 Oct, 2018

iRobot Corp. (NASDAQ: IRBT) announced its financial results for the third quarter ended September 29, 2018.  Third quarter revenue was $264.5 million compared to $205.4 million a year ago.  Operating income in the third quarter was $37.3 million compared to $23.9 million a year prior.

"We delivered record third-quarter revenue of $265 million in Q3 2018, with growth across all major regions. In the United States, we saw significant year-over-year growth of 45%, driven by a very successful launch of two new products, the Roomba i7/i7+ and the Roomba e5," said Colin Angle, chairman and chief executive officer of iRobot.

"Given our Q3 results and our outlook for the holiday season, we are increasing our 2018 full-year financial expectations. We now anticipate full-year 2018 revenue of $1.08 to $1.09 billion, which is year-over-year growth of 22 – 23%, operating income of $92 to $96 million, and EPS of $2.55 to $2.75. Our full-year 2018 operating income expectation includes an anticipated negative tariff impact, of approximately $5.0 million in Q4, which was not previously included in our financial expectations.

"We have delivered very strong results thus far this year. I am very excited about our positioning for the upcoming holiday season and confident in our ability to deliver our increased 2018 financial expectations."


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