Published on 2 May 2024 on GuruFocus.com via Yahoo Finance
Net Income: Reported $7.3 million, up 30% year-over-year, surpassing the estimated $4.90 million.Earnings Per Share (EPS): Achieved $0.08 per diluted share, exceeding the estimated $0.06.Revenue: Totaled $169.1 million, falling short of the estimated $170.79 million.Adjusted EBITDA: Increased slightly to $21.3 million, with a margin improvement to 12.6%, up 210 basis points year-over-year.Free Cash Flow: Reported a negative $0.8 million, a significant decline from $23.2 million in the prior year.Debt Levels: Ended the quarter with Net Debt of $40 million, maintaining a low Net Leverage ratio of 0.5x.Capital Expenditure: Invested $13 million primarily in expanding the composite matting rental fleet.
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