Q: Did they beat last year’s quarter on all metrics except for free cash flow per share less capital expenditures?
How significant is the $.44 this year v $.50 last year
How significant is the $.44 this year v $.50 last year
5i Research Answer:
Revenue beat estimates, EBITDA beat estimates but adjusted earnings of 27c missed by 3%. Sales guidance for 2023 was increased by at least $30M. Per share earnings rose 35%. Payout ratio improved to 75%. With almost all metrics showing growth and at records, we would not see the cash flow dip as significant and more spending was incurred in the quartrr which impacted this.