Q: Please comment on today's earnings report. $LMN
5i Research Answer:
LMN reported revenue of $186.7 mln (190.5 mln expected), up 5% but organic growth declined by 1%. Net income was up 36% to $18.3 mln while free cash flow to shareholders was up 296% to $42.5 mln. FX impacts worked against LMN a bit in the quarter as well. Overall, markets were probably hoping for a bit of a stronger topline but we think the strong cash flow results will help keep investors happy.