Black Diamond reported 2Q16 results that were in line with our estimates. Stronger-than-expected utilization for lodging beds offset a drastic drop in lodging revenue per bed rental day. The Company’s cost cutting efforts appear to be working as margins are likely to be much stronger than we had anticipated and which helps offset a material reduction in rental rates. Our 2017e EBITDAS is unchanged at $45 mm.
15 Aug 2016
2Q16 Results In Line as Utilization Offsets Weak Pricing
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2Q16 Results In Line as Utilization Offsets Weak Pricing
Black Diamond Group Limited (BDI:TSE) | 0 0 1.4% | Mkt Cap: 165.7m
- Published:
15 Aug 2016 -
Author:
Ian B. Gillies -
Pages:
6
Black Diamond reported 2Q16 results that were in line with our estimates. Stronger-than-expected utilization for lodging beds offset a drastic drop in lodging revenue per bed rental day. The Company’s cost cutting efforts appear to be working as margins are likely to be much stronger than we had anticipated and which helps offset a material reduction in rental rates. Our 2017e EBITDAS is unchanged at $45 mm.