Q: What are your thoughts on their earnings and forward earnings.
Thanks for the great service
Thanks for the great service
5i Research Answer:
EPS of 45c beat estimates of 40c; Revenue of $792M was 8.5% ahead of estimates. EBITDA of $43.8M was 9% better. Construction revenue rose 21%. EBITDA rose 43%. The balance sheet is strong, with about $66M (net) debt, less than 1X cash flow. Consensus calls for 19% growth this year. Backlog grew 26% to $3.4B. With strong momentum, market cap approaching $1B, a decent dividend and valuation at only 10X earnings, BDT is looking much better these days.