Driven by the launch of two new products, iRobot reported strong sales growth for its fiscal year third quarter.
Revenue for the three month period ended September 29 was $264.5 million, up from revenue of $205.4 million for the third quarter of 2017. Quarterly operating income was $37.3 million, compared with $23.9 million in the third quarter of 2017. Quarterly earnings per share were $1.12 for the third quarter of 2018, compared with $0.76 in the third quarter of 2017.
“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.
Following the strong third quarter, the company is raising its 2018 full-year financial guidance. The company now anticipates full-year 2018 revenue of $1.08 to $1.09 billion, which would be year-over-year growth of 22% to 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 million in the fourth quarter, which was not previously included in our financial expectations,” Angle said.