Q: Please comment on the quarterly earnings for BPL-T. Thank you.
5i Research Answer:
PBL posted EBITDA of $32 mln vs $34.1 ln expected. Sales of $156 mln missed estimates of $162 mln. Revenues were up 2% compared to last year and the company signed a few deals over the quarter. The quarter itself was a bit lacklustre but PBL has signed a few deals that should help to get growth moving again in the coming quarters. As a mid-single digit grower trading at 8X earnings we think PBL looks interesting here.