Q: Good Morning
What are your thoughts on DSG latest quarter?
THKS
Marcel
What are your thoughts on DSG latest quarter?
THKS
Marcel
5i Research Answer:
EPS of $0.5405 beat estimates of $0.529 and revenues of $220.82M beat estimates of $218.57M. Sales grew 14% year-over-year, and its net income grew 23%. Its net margin expanded slightly, and its Adjusted EBITDA margins also grew. Management noted its recent acquisitions have been integrated and are performing ahead of expectations, and that it plans to continue investing in the business and exploring acquisitive opportunities. It mentioned that truck volumes tend to follow ocean and air volumes, and recent strong ocean volumes are expected to positively impact truck volumes in the coming months. Overall, we feel these are strong results and that investors should be pleased these numbers.