Q: Your thoughts on POW's most recent quarrter. Thanks
Robert
Robert
5i Research Answer:
EPS of $1.35 marginally beat estimates; revenue was $13.54B. Book value was $36.74 but adjusted net asset value was $72.24, up nearly 20%. EPS rose from $1.07 last year. POW has bought and cancelled 7.4M shares so far this year. The stock has had a very good recent run, and remains cheap at 13X earnings. Things still look good at POW.