Q: Hi, Could you please comment on Constellation results. Is is a Buy for adding some shares at $4075-$4100 level ? Thank You
5i Research Answer:
CSU does not reported adjusted EPS. Revenue rose 21% to $2.468B. Organic growth was 2% or 3% currency adjusted. Net income rose 71% to $177M or $8.35 per share. $451M in acquisitions were done in the quarter. Cash flow from operations rose 116% to $265M. We would consider the results good and would continue to recommend the stock as one of the best in Canada.