Q: Your thoughts on the latest results from Alaris...thanks...Steve
5i Research Answer:
EPS of 36c missed estimates of 59c; revenue of $46.9M beat estimates of $41.5M. EBITDA of $41.4M beat estimates by 16%. Profit fell by more than half year over year, largely due to the timing of gains. AD said it is 'well positioned to withstand any tariff impacts', with 90% of its investee companies in the US doing business with US customers. Guidance was decent, but earnings will fall this year overall (again due to last year's gains on sales). Cash flow rose 42% in 2024 and thus payout ratio is very low at 48% (combination of dividends and capital gains and ROC). Overall, we are comfortable here.