iRobot Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported revenue of $226,317,000 against $183,148,000 a year ago. Operating income was $13,355,000 against $4,088,000 a year ago. Income before income taxes was $14,862,000 against $5,774,000 a year ago. Net income was $10,471,000 or $0.37 per diluted share against $7,903,000 or $0.27 per diluted share a year ago. EBITDA was $23,556,000 against $10,530,000 a year ago. Adjusted EBITDA was $30,910,000 against $16,547,000 a year ago.

For the six months, the company reported revenue of $443,385,000 against $351,615,000 a year ago. Operating income was $38,760,000 against $25,726,000 a year ago. Income before income taxes was $40,786,000 against $27,415,000 a year ago. Net income was $30,872,000 or $1.08 per diluted share against $24,262,000 or $0.85 per diluted share a year ago. Net cash provided by operating activities was $26,319,000 against $32,790,000 a year ago. Additions of property and equipment were $14,284,000 against $13,272,000 a year ago. Purchases of investments were $6,438,000 against $7,034,000 a year ago. EBITDA was $57,897,000 against $35,274,000 a year ago. Adjusted EBITDA was $73,627,000 against $46,724,000 a year ago.

For the third quarter ending September 29, 2018, the company expects effective tax rate, before discrete items to be in the range of 24-26%.
 
For the fiscal year ending December 29, 2018, the company expects revenue in range of $1.06 - $1.08 billion compared to prior guidance of $1.05 - $1.08 billion; operating income in range of $90 - $96 million compared to prior guidance of $86 - $96 million; and earnings per share in range of $2.30 - $2.50 per share compared to prior guidance of $2.15 - $2.40 per share. The company now expects gross margin for the year to be at the high end of previously provided range of 50% to 51%. The company expects effective tax rate, before discrete items to be in the range of 24-26%.