Q: Comments on latest earnings?
5i Research Answer:
CSU does not release 'adjusted' earnings. But on a GAAP basis, EPS of $8.36 beat estimates of $6.49. Revenue of $2.12B matched estimates. Revenue rose 23% and organic growth was an impressive 8%. Net income increased 30%. Cash flow was $513M, up 60% year over year. CSU discussed about $900M in new acquisitions, and added a board member, who looks highly qualified. As usual, no forecasts or guidance was made. But overall we think these results are fine, and like the small acceleration in organic growth.