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  5. TVK: Please comment on their quarter. [TerraVest Industries Inc.]
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Q: Please comment on their quarter.

Thanks
Asked by jim on December 13, 2023
5i Research Answer:

In Q4, TVK reported EPS of $0.73, a decrease from the same period last year at $0.91. Sales increased by 7% to $173.9M from $162.4M last year. Quarterly dividend was increased 20% from the previous quarter to $0.15 per common share. Adjusted EBITDA was $35.9M up from $23.5M last year. TVK stated that it expects continued growth as well as meaningful contribution from its recently announced acquistins. This was an OK quarter from TVK despite the earnings decline. There are no estimates to 'beat' but the dividend bump implies good things ahead, and the stock has responded nicely to the results. It looks good to us. 

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