Israel-based SodaStream International Ltd., a maker of home beverage carbonation systems, said Feb. 14 that it expects its full-year revenue to increase approximately 12% in 2018.
It also expects full-year 2018 operating income to grow 10% and diluted EPS to increase 5%.
The company announced its 2018 outlook as it reported earnings for the full year 2017 period and fourth quarter 2017 period, both ended Dec. 31, 2017.
For the fourth quarter, SodaStream's net income increased 63.2% to $25.5 million from $15.6 million in the same period in 2016 while diluted EPS grew 58.1% to $1.13 from 71 cents in the fourth quarter of 2016.
For the 12-month period ended Dec. 31, 2017, the company's net income came in at $74.4 million compared to $44.5 million last year while diluted EPS climbed 59.4% to $3.29 from $2.07 in 2016.