Q: Thoughts on the latest quarter? Seems just fine.
5i Research Answer:
EPS of 29c missed estimates of 62c; revenue of $754M beat estimates of $696M. EBITDA of $453M was 13% better than expected. Guiddance was affirmed. EBITDA rose 29%, sales rose 21%. Net income rose 39%. Offshore wind revenue was very solid, up 30%. Free cash flow per share is expected this year at $1.10+. The quarter looks solid. EBITDA/cash flow is more important than earnings due to accounting charges on earnings.