Q: Could you please comment on Terravest Earnings release. Thanks
5i Research Answer:
Sales were $238.1M, vs estimates $223M. EBITDA of $49.1M nicely beat estimates of $40.2M. Strong organic growth and higher margins helped the results. Gross margin of 29% increased 6.8 percentage points. The stock has hit a record high this morning. Sales rose more than 50% and EBITDA more than doubled year over year. These are very solid results from TVK.