Q: Please comment on Terravest earnings release.
With the price drop, would you be comfortable adding shares ?
Thanks
With the price drop, would you be comfortable adding shares ?
Thanks
5i Research Answer:
EPS of $1.42 beat estimates of $1.09 (adjusted) and rose from 94c last year. ; revenue of $234.5M missed estimates of $264M. EBITDA of $48.9M also missed estimates. Advanced engineering products and Highland Tank Holdings performed well. Sales rose slightly year over year. Mgmt. noted that despite tariff uncertainty, the company is 'well-positioned'. It has $285M net debt and 12-month cash flow was $157M. We would be OK adding slowly here. There may still be continued concern on tariffs.