TSX:PBH - Post Discussion
Post by
retiredcf on Aug 09, 2022 10:34am
Another Assessment
EPS of $1.38 beat estimates of $1.33 and revenues of $1.52B beat estimates of $1.46B. Revenue increased by 23.1% year-over-year and adjusted EBITDA increased to $130.8M, representing a 16.6% increase. Management increased revenue guidance to be between $5.75B and $6.0B for 2022. The company noted it is seeing signs of a return to more normal market conditions, and while there are headwinds in higher costs, labour issues, and consumer sentiment shifts, the company is already seeing improved growth in the third quarter and the company is expecting continued growth in its operations. Sales increased by 23.1%, however, its net income increased by 126% led by gains on the investments in associates and a reduction in the fair value of options. It increased its free cash flows, expanded its balance sheet, and management signaled for a positive remainder of the year. Overall, we feel investors should be quite pleased with these results. (5iResearch)
Be the first to comment on this post