Q: Hi,
Can you comment on Parkland’s earnings?
Can you comment on Parkland’s earnings?
5i Research Answer:
EPS of 88c beat estimates of 85c; revenue of $7.5B missed estimates of $7.73B. EBITDA of $504M matched estimates. Sales fell 4%. EBITDA rose 7.2%. EBITDA guidance was lowered slightly, largely due to the unplanned shutdown of the Burnaby Refinery. The stock remains cheap but PKI continues to struggle somewhat operationally.