Q: Could you comment on results
5i Research Answer:
EPS of 25c missed estimates of 44c; revenue of $648M missed estimates of $658M. EBITDA of $361M missed estimates by 4%. Revenue fell more than $100M from the prior year period. Free cash flow per share was 60c vs 88c last year. European wind conditions (low) were the worst in a decade and were largely responsible for the miss. Of course, one cannot predict the wind, but NPI nonetheless still reaffirmed its guidance for 2025. Investors did not seem to be too concerned on the miss, and the stock is up 11% YTD and remains well-priced at 15X earnings with a 5.94% yield.