Q: please comment on ftg earnings out last night.
thank you
thank you
5i Research Answer:
There is one analyst but no estimates published. Sales rose nicely to ~$40M from $23.7M; margins rose 2.7 points to 26.9%. EPS was 16c, well up from 3c (adjusted 10c vs 5c). The stock hit a new high today. Sales rose 51%, but 68% in the 4Q. Organic growth was good. There is still leverage, with debt about 3X cash flow, but overall we would consider these results quite solid.