Pason reported 1Q15 EBITDAS of $42 mm, which was below our estimate of $48 mm. The variance to our estimate was primarily related to lower U.S. revenue and operating income. We have updated our 2015e EBITDAS to $100 mm from $86 mm due to lower-than-expected costs. For similar reasons, we have increased our 2016e EBITDAS to $158 mm from $138 mm.
07 May 2015
Pason Systems Inc. (PSI) Reports 1Q15 Results
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Pason Systems Inc. (PSI) Reports 1Q15 Results
Pason Systems Inc. (PSI:TSE) | 0 0 -0.1% | Mkt Cap: 1,477m
- Published:
07 May 2015 -
Author:
A. Mark Jackson -
Pages:
5
Pason reported 1Q15 EBITDAS of $42 mm, which was below our estimate of $48 mm. The variance to our estimate was primarily related to lower U.S. revenue and operating income. We have updated our 2015e EBITDAS to $100 mm from $86 mm due to lower-than-expected costs. For similar reasons, we have increased our 2016e EBITDAS to $158 mm from $138 mm.