May. 12 at 2:41 PM
$EBS Removing that stupid Q1 '25
$60M MCM order with
$50M margin, the normalized picture of this company's ops looks quite benign Q/Q.
I suspect that in 2025, they brought forward future MCM demand in order to have some cushion for OHA covenant purposes. This kind of event can randomly happen again, resulting in surprise guidance raises.