EPS of ($0.06) missed estimates of $0.09 and revenues of $231.64M missed expectations of $268.33M. Sales grew 7.2% year-over-year, due to new contract wins and strong overall activity in its WAFES business. It closed the acquisition of CMI, it is finalizing its sale of the Modular business at net book value, and this business continued to weigh on its profitability. DXT repurchased 279K shares for $1.7M in the quarter. Its free cash flows were strong in the quarter, it continues to pay a high yield of 6.6%, but its balance sheet has been flat for several years, and it is economically sensitive. We would consider these results somewhat mixed to weak, and its small size does add some risk here. Once the sale of its Modular business closes, it may begin to find a floor in its price, but for now we feel it will continue to trade sideways.
5i Research Answer: