Jan. 30 at 3:22 PM
$IESC Great earnings, other than the “miss” in the headline. The miss is
$5M on the revenue, what did it miss, one analyst….
The earnings numbers..
Backlog growth of +48% to
$2.6B and the burn rate is 1.26x book-to-bill
Net income growth +62%
EPS growth +41%
All margins expanded - operating margins +120 bps to 11.2%, Communications segment +400 bps to 16.3%
Still No debt, 0 debt, and tons of cash. Buybacks continuing -
$17.7M this quarter, likely more after this 15% drop.
Now a days the headline runs the news, but it creates opportunity, read the whole story!
Residential cannot cause this much of a drop. The segment is known to be weak, and it doesn’t make up most of their revenue with all other segments growing exponentially.
