Q: Thoughts on divs latest quarter.
5i Research Answer:
EPS of 6c beat estimates of 5.4c; Revenue of $16.39M matched estimates. EBITDA of $16.1M was marginally less than expected. The quarter was a record for revenue, rising 26%. Mr. Lube continues to produce double-digit growth. Overall organic growth was solid at 6.8%. Distributable cash rose 11.5%. Payout ratio was 84.2%, up about 2 points. We are quite comfortable with these metrics.