Q: Hello 5i,
What is your take on EIF’s results/conference call? Do you see any “red flags” in there?
Thanks for your insights!!
Cheers,
Mike
What is your take on EIF’s results/conference call? Do you see any “red flags” in there?
Thanks for your insights!!
Cheers,
Mike
5i Research Answer:
EPS of 80c missed estimates of 85c; Revenue of $660.5M missed estimates of $678.1M. EBITDA of $157M beat estimates of $152.8M. Revenue rose 5.3%. EBITDA rose 6.8%. Guidance was largely maintained. The manufacturing segment is seeing some customer wariness and less bookings. It is a cyclical segment and we would not really consider this a red flag to the company. The stock is cheap and the payout at 61% (up from 57%) remains OK.