Q: please comment on the first q results. Thanks
5i Research Answer:
EPS of 31c beat estimates of 28c; revenue of $95.6M was slightly below estimates of $97M. EBITDA of $33.6M missed estimates by 3%. Revenue rose 7.4%. EBITDA rose 8.3%. Free cash flow was $18.8M, missing estimates but up 22% year over year. Organic growth was good. Debt declined and 342,000 shares were bought and cancelled. We would be comfortable with these results and the stock remains very cheap. However, after such big gains this year we might see some profit-taking.