Published on 29 Apr 2024 on GuruFocus.com via Yahoo Finance
Net Sales: Reported $1.37 billion, surpassing the estimated $1.356 billion.Net Income: Achieved $59 million, significantly exceeding the estimate of $26.56 million.Earnings Per Share (EPS): Recorded at $0.24, more than double the estimated $0.11.Gross Margin: Reached 14.8%, showing improvement from 13.2% in the same quarter the previous year.Operating Income: Posted $73 million with a margin of 5.4%, compared to $69 million and a 4.7% margin in Q1 2023.Dividends: Paid a quarterly dividend of $0.07875 per share on April 1, 2024.Future Outlook: Expects Q2 2024 net sales between $1.40 billion and $1.50 billion, with net income projected at $35 million to $75 million.
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