Q: Can I ask for an updated opinion post earnings.
5i Research Answer:
EPS of $5.36 beat estimates of $5.06; revenue of $664.0M missed estimates of $715.5M. EBITDA of $79.9M missed estimates by 1%. Sales fell from $699M in the prior year. But EPS rose almost 50%. There was some cost pressure but LAS managed to maintain disciplined pricing. The asset mix also changed a bit. Volumes declined, with the company blaming general macroeconomic uncertainty. Cash flow rose to $73M from $60M. Sales guidance was affirmed but there remains some uncertainty with USMCA negotiations as well as the Iran War.