Results Better than expected at $2.35 Normalized EPSA few analysts had downgraded their EPS estimates and corresponding share price targets.
Q3 was a bit shy of the early estimates but beat the revised estimates by a decent margin. The Mobility segment was a drag but the Industrial segment continues to grow very nicely.
The NCIB announcement and early repayment of $75 million in debt from the Bourgault acquisition is a good sign for shareholders.
At the current price, shareholders should be pounding the table for buybacks to commence.
Looking forward to the conference call.
LR