Q: I notice AND is up over 10% today . I suspect this is because of the earnings report. Please comment on earnings and more importantly any comments on outlook they may have stated in either their conference call or earnings report. Thanks Garth ......
5i Research Answer:
EPS of 44c beat estimates of 42c; revenue of $169M beat estimates of $165M. Sales rose 2% but per share income fell 2c from last year. EBITDA margins slipped 0.5 points to 26.5%. Investors liked the return to year over year sales growth after two quarters of decline. Also, most of the growth was organic, with the Canadian specialized transportation division doing well. It was a decent performance, and the outlook calls for about 10% growth this year.