Q: Could you comment on a bit downturn and on results
5i Research Answer:
For Q4, POW missed EPS expectations of $1.06 coming in at $0.89. At year end, book value per share was $32.49 and net asset value per share is $53.33. Publicly traded companies contribution to net earnings from continuing operations was $588M and to adjusted net earnings from continuing operations was $758M, representing an increase of 29.8% and 2.2%, respectively, year-over-year. POW also increased its dividend by 7.1%. The results were OK despite missing expectations as the publicly traded portfolio saw some growth while EPS actually increased on a year-over-year basis from Q4 2022.