Horizon North reported 1Q16 revenue of $78 mm, above our estimate of $66 mm and the Street at $60 mm. EBITDAS of $13 mm exceeded our forecast of $11 mm and the Street at $9 mm, due to the higher revenue. EBITDAS margins of 17.0% were in line with our expectation of 16.8%. The Company reported EPS of $0.00, better than our estimated loss of -$0.01 and the Street's loss of -$0.03.
05 May 2016
REPORTS 1Q16 ABOVE OUR ESTIMATES AND ANNOUNCES SMALL TUCK-IN ACQUISITION
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REPORTS 1Q16 ABOVE OUR ESTIMATES AND ANNOUNCES SMALL TUCK-IN ACQUISITION
- Published:
05 May 2016 -
Author:
Ian B. Gillies -
Pages:
3
Horizon North reported 1Q16 revenue of $78 mm, above our estimate of $66 mm and the Street at $60 mm. EBITDAS of $13 mm exceeded our forecast of $11 mm and the Street at $9 mm, due to the higher revenue. EBITDAS margins of 17.0% were in line with our expectation of 16.8%. The Company reported EPS of $0.00, better than our estimated loss of -$0.01 and the Street's loss of -$0.03.