CORPORATE FINANCIAL REPORTS - 6-11-18

The following are recent financial reports as posted by selected Utah corporations:

HealthEquity

HealthEquity Inc., based in Draper, reported net income of $22.6 million, or 36 cents per share, for the first quarter ended April 30. That compares with $14 million, or 23 cents per share, for the same quarter a year earlier.

Revenue in the most recent quarter totaled $69.9 million, up from $55.4 million in the year-earlier quarter.

{mprestriction ids="1,3"}The company is the nation’s largest health savings account (HSA) non-bank custodian.

“HealthEquity is off to an excellent start to fiscal 2019, delivering record results in helping members connect health and wealth,” Jon Kessler, president and CEO, said in announcing the results. “The team opened nearly a hundred thousand new HSAs during the quarter, grew custodial assets 31 percent year over year, and delivered record performance across key financial metrics.”

Sportsman’s Warehouse

Sportsman’s Warehouse Holdings Inc., based in Midvale, reported a net loss of $5.8 million, or 14 cents per share, for the 13-week period ended May 5. That compares with $4.5 million, or 11 cents per share, for the same period a year earlier.

Sales totaled $180.1 million in the most recent period, up from $156.9 million a year earlier.

Sportsman’s Warehouse is an outdoor sporting goods retailer.

“We are excited with the start to the fiscal year as our top- and bottom-line results for the first quarter came in at the high end of our expectations,” Jon Barker, CEO, said in announcing the results. “Our topline was driven by strong new store performance and comp growth of 3.4 percent, which, when combined with consistent gross margins and disciplined cost control, resulted in bottom-line performance at the high end of our outlook.

“We continued to make progress against each of our strategic initiatives, including our comprehensive omni-channel strategy, which includes growth of brick-and-mortar as well as e-commerce; customer acquisition and engagement; and merchandising assortment. We look forward to building on this progress throughout fiscal 2018 and strengthening our competitive positioning.”{/mprestriction}