Q: Thoughts on the quarter?
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5i Research Answer:
EPS of 91c missed estimates of $1.00; revenue of $727M missed estimates of $762M. EBITDA of $122M missed by 4%. EPS fell 2c year over year. Sales fell 0.4%. Log and lumber sales were sharply down (tariffs), but railway ties fell 16%. Net income fell 3.8%. Not a disaster, and the company noted year end was stronger. But with the stock's recent gains and the miss we would expect to see some profit-taking here.