Q: SJ reported this morning. Numbers looked good but in constant comparison, not quite as impressive but still up. What do you think? How should market react.
5i Research Answer:
SJ reported revenues of $710 mln and EPS of $1.03. This beat estimates of $706.7 mln and $0.78 respectively. The company is expecting utility poles to grow by 20% annually into 2024. Utility pole revenue was up 29% this year quarter largely driven by pricing. Overall this looks like a solid quarter at first glance.