Q: Please review Q results for both.
Is it still a hold/buy for both? (I do not intend to add to the existing positions). My objective is growth with both names.
Is it still a hold/buy for both? (I do not intend to add to the existing positions). My objective is growth with both names.
5i Research Answer:
Results at WELL looked good. Revenue of $356.6 mln beat estimates of $354.1 mln. EBITDA of $49.7 mln came in above expectations at $47.17 mln. Revenue guidance was maintained and EBITDA guidance was increased for the year. Revenues increased 57% YoY and gross margins rose to 44.5%.
TVK posted revenues of $405.7 mln vs $425.9 mln expected. EPS of $0.53 missed estimates of $0.99. EBITDA miss was a bit less stark at $68.1 mln vs $70.91 expected. Overall it was a bit of a weak quarter driven by softer demand for storage tanks and other product lines. It looks like the weakness is attributable to some tariff/economic uncertainty but more of. a macro issue vs a company issue.