Mosaic Capital Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Earnings Guidance for the Year 2018
For the year, the company reported revenue of $312,141,000 compared to $197,184,000 a year ago. Adjusted EBITDA was $28,028,000 or $2.74 per share compared to $20,477,000 or $2.45 per share a year ago. Net income was $7,117,000 compared to $7,547,000 a year ago. Net loss attributable to equity holders were $5,208,000 or $0.51 per share compared to $7,552,000 or $0.90 per share a year ago. Free cash flow was $11,381,000 or $1.11 per share compared to $11,726,000 or $1.40 per share a year ago.
For the year 2018, the company expects to see continued year-over-year EBITDA growth in each of business segments supported by acquisition activity over the past year, as well as positive contributions from the vast majority of legacy portfolio companies.