Can you review the LMN results and provide your feedback on the results. Also can you comment on valuation EV/Ebitda and its growth rate relative to expectations.
Thanks for everything
Sales rose 110% to $143M, which was an acceleration of growth. Operating income rose 294% to $41.6M. A large loss ($1.5B) was recorded due to the preferred share set up, but investors should ignore this and with the redemption of the preferreds this accounting issue will not be present in the future. Operating cash flow rose 174% to $26.4M. Free cash flow increased 161%. Organic growth was -3% for the quarter, and we would like to see this at least at 1%. The company does not forecast nor do a conference call. Nothing in the release really concerns us, and we expect more acquisitions and growth this year. The stock has been so strong it is hard to call on the release, so we might get some 'sell on news' sellers. But we continue to see good things ahead for LMN.