Q: Your thoughts on just released earnings and future outlook, please.
5i Research Answer:
EPS of 88c beat estimates of 68c; revenue of $1.95B beat estimates of $1.87B. EBITDA of $264M beat estimates by 18%. Guidance was re-iterated, which was positive as guidance has been reduced several times this year. DOO also renewed its 10% share buyback plan. Revenue in the Q3 did fall 21% and EBITDA fell 41%. Obviously we would like to see these trend reverse, but expectations here were already quite low. Fiscal 2025 is still expected to show solid earnings growth.