Q: Can I please get your opinion of DE's most recent results. Thanks
Dave
Dave
5i Research Answer:
EPS of 1c missed estimates of 11c; revenue of $29.35M missed estimates of $35.5M. EBITDA of $2.25M missed estimates of $6.18M. Sales fell 5%. EBITDA decreased 19%. Per share earnings fell 92%. Increasing scale added to costs, and hearth product backlogs were particularly weak. Payout ratio rose to 66% from 54%. Management said the quarter was 'challenging' but are happy with acquisitions. The call has not occurred but certainly these are not great numbers reported.