Q: I would appreciate your comments on MRE 3rd quarter results and outlook.
5i Research Answer:
EPS of 52c beat estimates of 47c; revenue of $1.19B missed estimates of $1.24B. EBITDA of $140M missed estimates by 3.6%. New contracts from GM and Toyota helped sales, but sales still slipped year over year. Still, considering tariffs and production disruptions at one of its key customers we would consider the results OK.