Taesik Yoon
Forbes
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Supplementary Review: Mativ Inc. (MATV), May 12, 2023
Driven by the July 2022 merger with Neenah, Inc., Q1 net sales jumped 66.9% year-over-year to $679.0 million. On an organic basis, sales were up 0.9% as higher pricing more than offset the negative impact of foreign exchange. By segment, sales of Advanced Technical Materials climbed 59.1% to [...] → Read More
Update: THRN and RLGT, May 12
Thorne HealthTech (THRN) reported Q1 results last night. While net sales for the period of $65.2 million came in a sliver below the $65.6 million analysts were expecting, this still marked a new record performance with continued excellent year-over-year top-line growth of 20.7%. This came on [...] → Read More
Update: HRB, May 11
H&R Block (HRB) reported fiscal 2023 Q3 revenues and adjusted earnings of $2.09 billion and $4.20 per share. While this fell $7.6 million and 26 cents short of the $2.10 billion and $4.46 analysts had been projecting, this was largely due to factors impacting the entire industry—such as lower [...] → Read More
Supplementary Review: AudioCodes (AUDC), May 11, 2023
Q1 revenues fell 10.8% from the prior year to $59.2 million. This was led by AUDC’s Product segment, where revenues dropped 26.1% to $28.7 million and more than offset a 10.8% increase in Services segment revenues to $30.5 million. Further hurt by a less favorable product mix, the adjusted [...] → Read More
Update: III, HCKT and FREE, May 10
Information Services Group (III) kicked 2023 off in style. Indeed, led by strong demand for its digital transformation, digital sourcing, cost optimization, proprietary research and SaaS solutions from clients in the Americas, Q1 revenues climbed 8.2% year-over-year to a record $78.5 million [...] → Read More
Supplementary Review: American Vanguard (AVD), May 10, 2023
Q1 net sales fell 16.5% year-over-year to $124.9 million, as increases of 3.8% and 2.3% in sales from AVD’s U.S. Non-crop and International segments to $13.9 million and $49.1 million were more than offset by a 29.8% drop in U.S. Crop segment sales to $61.9 million. Due to the decrease in [...] → Read More
Portfolio Change: One Stock To Sell, May 10
This stock was a horrendous pick, losing nearly half of its value in its 13.5 months on the Master Buy List. While it hasn’t been an easy period for equities in general, the S&P 500 is down just 8% over the same [...] → Read More
Supplementary Review: Computer Programs & Systems (CPSI), May 9, 2023
Total Q1 revenues grew 10.7% from the prior year to $86.2 million. This was led by the company’s Revenue Cycle Management (RCM) segment where revenues climbed 20.0% to $48.6 million on contributions from the acquisition of HRG in March 2022 and greater demand for its TruBridge [...] → Read More
Supplementary Review: Hillenbrand (HI), May 9, 2023
Fiscal 2023 Q2 net revenue rose 22.1% year-over-year to $690.9 million as contributions from HI’s acquisitions of LINXIS, Herbold, Peerless, and Gabler in the back half of 2022 and solid organic growth of 9% more than offset the negative impact of currency headwinds. The acquisitions [...] → Read More
Supplementary Review: Cambium Networks (CMBM), May 9, 2023
Q1 revenues climbed 25.0% from the prior year to $77.4 million. While Point-to-Multi-Point (PMP) segment sales fell 27.9% to $22.3 million due to less demand from service providers ahead of the ramp of product transitions to new technologies, this was more than offset by revenue gains of 22.4% [...] → Read More
Update: MITK, May 8
In a filing with the SEC earlier today, Mitek Systems (MITK) stated its new public accounting firm, BDO USA LLP, concluded that a restatement of previously issued unaudited interim quarterly reports for Q2 and Q3 of fiscal 2022 required additional revisions to correct certain [...] → Read More
Update: NGVC, OTEX, WLDN, COLL and PRDO, May 5
Natural Grocers by Vitamin Cottage’s (NGVC) stock surged more than 15% today on the back of excellent quarterly results reported after the close of the market yesterday. Indeed, with a $7.4 million increase in comparable store sales and $4.9 million in contributions from new stores more than [...] → Read More
Supplementary Review: ACCO Brands (ACCO), May 5, 2023
ACCO reported net sales for the first quarter of 2023 were down 8.8% from the prior year to $402.6 million. This was led by the North America segment where a 14.6% decline in comparable sales driven by a weaker macroeconomic environment, the return to normal seasonality in back-to-school [...] → Read More
Monthly Recap (May 4, 2023)
April was the second straight month where the equity market was led by the outperformance in large-cap stocks. And though the preference seemed to shift from growth to value—which is likely why the Dow Jones fared best—it didn’t move back into small-caps as I had hoped. To the contrary [...] → Read More
Update: ACEL, HDSN, EZPW, ECVT and PAHC, May 4
Shares of Accel Entertainment (ACEL) bucked today’s selling trend, bouncing 10% on solid Q1 results reported by the company last night. Indeed, boosted by contributions from its June 2022 acquisition of Century Gaming, Inc. and strong same-store sales growth of 9% in its primary market of [...] → Read More
Supplementary Review: Deluxe (DLX), May 4, 2023
DLX reported a 1.9% year-over-year decline in Q1 revenue to $545.4 million as a 0.5% gain in comparable sales was more than offset by the negative impact from recent divestitures. By segment, Payments and Promotional Solutions revenues rose 3.5% and 2.2% to $172.0 million and $136.1 million [...] → Read More
Update: UIS and CVS, May 3
Shares of Unisys (UIS) are currently up about 26% today on the strength of a much better-than-expected start to 2023 reported last night. Specifically, driven by higher software license renewals in its ECS segment, revenue in the first quarter climbed 15.6% year-over-year to $516.4 million and [...] → Read More
Update: PINC and GLDD, May 2
Shares of Premier (PINC) sank over 19% today. This drop came on the back of fiscal 2022 Q3 results released this morning that missed expectations and the lowering of the company’s outlook for the full fiscal year, which suggests operating performance will be worse-than-anticipated in the [...] → Read More