Q: Thoughts on the quarter?
5i Research Answer:
EPS of 81c missed estimates of 88c; revenue of $646.9M matched estimates. EBITDA of $87.8M missed estimates by 4%. Results were hurt by wildfires and the company noted these will also impact the current quarter. Sales were flat year over year. Delays in Child Settlement payments also impacted results. With community evacuations it is of course hard to grow sales. Most of the issues are beyond the company's control, of course. But, with quarterly comments we might not expect much for the balance of the year from the stock. A decent company trapped in some bad circumstances.