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Investment Q&A

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Brookfield Infrastructure Partners L.P. (BIP.UN)
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Information Services Corporation Class A Limited Voting Shares (ISV)
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Q: Your comments on earnings please. Did Brookfield Infrastructure increase its dividend?

Asked by Margot on May 10, 2024

5i Research Answer:

ISV EPS was 2c, missing estimates of 32c. Revenue of $56.4M was 2% short of estimates. EBITDA of $19.4M was 4% light. Revenue rose 15%, partially due to fee adjustments. The lower earnings were primarily due to non-cash stock based compensation charges. Operating cash flow was solid, rising 82% to $10.5M. Cash is $20.2M. Not a hugely eventful quarter, but decent once we look at adjusted earnings. The stock remains quite cheap. BIP.UN increased its distribution on Feb 4, 2024 but not since.

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