Q: Your thoughts on Q2 earnings, please. Sales appear to be a bit light.
5i Research Answer:
EPS of $3.06 beat estimates of $2.99; revenue of $2.84B missed estimates of $2.95B. EBITDA of $443M beat estimates by 6%. A CEO transition was announced. Sales rose 12%. Per share earnings rose 17%. Margins expanded. We would consider the results decent enough considering the industry backdrop. The stock remains VERY cheap at 6X earnings.