Q: May I have your comments on earnings please. Nice pop today!
5i Research Answer:
The dividend was also raised 11%. EPS of $1.37 beat estimates of $1.32; revenue of $1.38B beat estimates of $1.36B. EBITDA of $137M beat estimates by 1.5%. EPS rose from $1.34 last year. Revenue was flat. The CEO noted that organic growth is likely to return to prior long term levels. The residential business did well with revenue up 8%, while brands revenue fell 3%. Still, it was a good quarter and the dividend increase is a positive sign from management. The stock is now up 6% on the year.