Q: Please comment on the latest earnings.
Thank you.
Thank you.
5i Research Answer:
EPS of 63c beat estimates of 54c; revenue of $615.2M matched estimates. EBITDA of $69.0M beat estimates by 2.3%. Income fell 7.5% year over year. Sales dropped 3%. It is still witholding guidance due to tariff uncertainty, but says its long term growth drivers do remain intact. The stock remains very cheap at 6X earnings with a 6.24% dividend. The balance sheet is OK and consensus calls for very strong earnings growth next year. At current levels, this one is worth a look, though it is small and of course cyclical. But considering conditions the quarter was decent.