Q: Please comment on the recent results.
5i Research Answer:
EPS of $1.38 beat estimates by a wide margin (89c). Revenue of $776M beat estimates by 6%. EBITDA of $153M beat by 45%. Shipping volume did fall 3.6%. Revenue fell 8%. A special dividend of $3 was declared. While all metrics were down, the company remained very profitable and it was a solid beat. STLC remains net-debt-free with $354M cash. A nice performance here.