Q: Hi 5i, pls provide your opinion on this mornings 1st quarter results release. The numbers and increase in forward guidance look great. Would your estimate for FY24 earnings change from .22? Estimate for FY25? Thx.
5i Research Answer:
EPS of 8c was well ahead of 3.3c estimated; Revenue of $231.6M was 2% better than estimates. EBITDA of $28.3M was also 2% better. Sales guidance for 2024 was bumped $10M to $960M+. Margins rose 0.2% to 44.1%. EBITDA guidance is for the 'upper end' of $125M to $130M. Consensus is now 28c for 2024 and 36c for 2025. Results are good, and should relieve some of the stock pressure.