Post by
Catscratch on Aug 01, 2023 6:40pm
HPS Q2
Another great quarter for Hammond.
- Record revenue $172.4M, +25.4%
- EBITDA $21.4M, + 75.4%
- Backlog up 44.4% over Q2/22 and up 5.0% over Q1/23
In addition to the growing backlog it sounds like they will have improved capacity in the second half of the year with recent capex investments. Hopefully they can also continue to improve margins with pricing increases, product mix and FX.
I'd expect $90 - $100M EBITDA this year... which should translate to a $75+ share price.
Comment by
sumpineh on Aug 01, 2023 7:03pm
I am not sure I share your exuberance in the short term.The stock has had such a good run already and these numbers as fantastic as they are may be priced in to the SP.I would like to be wrong and come what may I will continue to hold as the future looks very bright. It may be a good time to pick up a few more if there is a pullback. GLTA