Q: Dear 5i team.
May I have your views on recent Q results, and outlook?
Many thanks for your assesment.
May I have your views on recent Q results, and outlook?
Many thanks for your assesment.
5i Research Answer:
We do not show EPS estimates for DRT (only two analysts left). GAAP EPS was 2c. Revenue of $48.9M beat estimates by $4.7M. Net income surged vs the prior year due to expense cutting and a large f/x gain. Revenue fell 4% year over year. Shares are down a bit YTD but nicely up over 52 weeks. Net debt is about 2X cash flow. Not much growth is expected this year, and the economic backdrop is not going to help. 2026 looks better. Still, its size risk and horrible longer term performance (-47% over four years) keep us uninterested. DRT has a decent multi-year plan, but has noted that raw materials prices continue to increase and there is plenty of uncertainty.