Taesik Yoon, Forbes

Taesik Yoon

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Recent articles by Taesik:

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Update: RLGT and SCPL, May 11

Radiant Logistics (RLGT) released fantastic quarterly results last night. Indeed, consistent with the preliminary guidance it gave on April 6 and boosted by its assistance in COVID relief efforts, under which RLGT provided mission critical logistics support to move 85.4 million test kits [...] → Read More

Supplementary Review: Vectrus (VEC), May 11, 2022

Q1 revenue rose 5.2% from the prior year to $456.5 million as VEC benefited from the transitions to full operational capability on key programs—including LOGCAP V in Iraq and Kuwait late last year and the logistics support task order at Fort Benning awarded in February—and its rapid [...] → Read More

Supplementary Review: Hillenbrand (HI), May 10, 2022

Fiscal 2022 Q2 net revenue rose 2.7% from the prior year to $742.0 million as sales gains of 4.4% and 6.2% in HI’s Advanced Process Solutions (APS) and Batesville segments to $314.6 million and $176.3 million more than offset a 1.5% decline in Molding Technology Solutions (MTS) segment sales [...] → Read More

Update: FREE, May 10

Whole Earth Brands (FREE) reported its Q1 results this morning. Consolidated product revenues climbed 23.4% year-over-year to $130.6 million and were $2.5 million higher than what analysts were expecting on incremental contributions from Wholesome, which was acquired in February 2021 [...] → Read More

Supplementary Review: Energizer (ENR), May 9, 2022

Q2 net sales were essentially flat from a year ago at $685.4 million as an 18.8% rise in Auto Care segment sales to $168.9 million made up for a 4.9% decline in sales from ENR’s larger Batteries & Lights segment to $516.5 million. Due to continued elevated costs for transportation, labor and [...] → Read More

Supplementary Review: Universal Electronics (UEIC), May 9, 2022

Due primarily to the negative impact of the ongoing global component shortages, Q1 adjusted net sales (includes stock-based compensation for performance-based warrants) fell 12.1% year-over-year to $132.4 million. Further hurt by higher material and freight costs, the adjusted operating [...] → Read More

Update: BERY, PRDO, WLDN and KOP, May 6

Berry Global Group (BERY) reported earnings yesterday morning. Fiscal 2022 Q2 net sales grew 12.0% year-over-year to $3.78 billion and exceeded analysts’ expectations by $76.6 million as higher selling prices of $576 million stemming from the pass-through of inflation more than made up for a [...] → Read More

Supplementary Review: Deluxe (DLX), May 6, 2022

Q1 revenue climbed 26.0% from the prior year to $556.0 million on contributions from the June 1, 2021, acquisition of First American Payment Systems (FAPS)—which added $83.3 million to the top line—and strong organic growth of 7.1%. This was again led by the Payments segment where [...] → Read More

Supplementary Review: Schweitzer-Mauduit (SWM), May 6, 2022

Q1 net sales surged 41.2% from the prior year to $406.8 million. This was led by the Advanced Materials & Structures (AMS) segment where contributions from the April 2021 acquisition of Scapa and organic growth of 3% on high volumes and selling prices drove a 67.4% jump in sales to [...] → Read More

Supplementary Review: Hanesbrands (HBI), May 5, 2022

Q1 net sales from continuing operations grew 4.5% from the prior year to $1.58 billion as higher sales across all markets more than offset unfavorable foreign exchange, which cut $30 million from the top line. By segment, retail space gains, a positive mix and price increases contributed [...] → Read More

Update: EZPW, HNGR, OTEX and TPC, May 5

Shares of EZCORP (EZPW) bucked today’s brutal market sell-off, rising more than 8% following the release of its quarterly results last night. Total revenue for Q2 of fiscal 2022 climbed 16.8% year-over-year to $216.0 million as a much higher average level of pawn loans outstanding (PLO) [...] → Read More

Supplementary Review: Casa Systems (CASA), May 5, 2022

Hurt by the persistence of component shortages due to the constrained global supply chain, Q1 revenue fell 38.2% year-over-year to just $64.4 million. All of CASA’s segments felt the pressure with revenue from Wireless, Fixed Telco and Cable down 46.9%, 21.3% and 49.6% to $21.1 million [...] → Read More

Monthly Recap (May 4, 2022)

With the start of the earnings season providing no relief for stocks (and even accelerating the selloff in the final weeks), April proved to be a terrible month for the equity market. Indeed, the Dow Jones fell nearly 5% and that was easily the best performing major market average. The S&P [...] → Read More

Update: HURN And CVS, May 4

Huron Consulting (HURN) gained more than 7% today after reporting very favorable quarterly results yet again after the close of the market yesterday. Indeed, driven by continued strong growth across all three of its operating segments, Q1 revenues climbed 28.0% year-over-year to $260.0 million [...] → Read More

Portfolio Change: One Stock To Sell, May 4

HCKT gained 49% in the two-and-a-half years it spent on the Master Buy List. This compares favorably to the performance in the S&P 500, which is up approximately 41% during this span. Shortly after the stock was recommended, it tumbled more than 13% on weaker-than-expected results for Q3 [...] → Read More

Supplementary Review: Sterling Construction (STRL), May 3, 2022

Boosted by the acquisition of Petillo Incorporated on December 30, 2021, and solid demand in STRL’s existing operations, Q1 revenues climbed 30.1% year-over-year to $410.3 million. By segment, E-Infrastructure Solutions, Transportation Solutions and Building Solutions revenues rose 74.9% [...] → Read More

Update: GLDD, May 3

Shares of Great Lakes Dredge & Dock (GLDD) are up about 4% following the release of its Q1 results this morning. Contract revenues for the period rose 9.4% from the prior year to $194.3 million and came in well above the company’s $165-175 million guided range and the $170.3 million analysts [...] → Read More

Quarterly Earnings Season Providing No Relief For Stocks (May Issue)

With the start of the earnings season providing no relief for stocks (and even accelerating the selloff in the final weeks of the month), April proved to be terrible for the equity market. Indeed, the Dow Jones fell nearly 5% and that was easily the best performing major market average. [...] → Read More