Q: First of all thank you for mentioning this in your Q&A so long ago . +1784% since purchase. More evidence to ride your winners and trim your losers.
Can you please comment on earnings.
Sheldon
Can you please comment on earnings.
Sheldon
5i Research Answer:
Sometimes they work out :)
EPS of 83c beat estimates of 71c; revenue of $419.4M beat estimates of $414M. EBITDA of $81.9M beat estimates by 20%. The stock has risen the most in a day since 2012 on the news. Sales were helped by higher demand in service and HVAC, container equipment and domestic compressed gas. The dividend was raised by 14.3%. Sales rose 82%. Acquisitions helped but existing businesses were solid too. Dividend payout ratio is only 9%. These are solid results for sure and investors are happy the acquisitions are working so well.