Weekly Comments – May 13, 2024 – ATSG, DXPE, IBEX, KRT, LEGH, MTW, RPAY, SMLR

ATSG  –  Updated outlook following quarter report, price movement.  Last week Air Transport Services reported $485.52 million in total revenue, down from the quarter in the previous year.  Net income took an even deeper cut in the same comparison,…

DXPE  –  Revised view after financial results.  Last week DXP Enterprises reported a small year-over-year increase in sales to $412.6 million in the first quarter ending March 2024.  Unfortunately, profit margins crashed leaving net income at $11.3 million, well…

IBEX  –  Revised outlook on new financial performance.  Traders were not disappointed with financial results for the March quarter by IBEX Limited.  Revenue increased 3.6% year-over-year to $126.8 million.  Unfortunately, net income was $10.3 million or $0.57…

KRT  –  Updated view following quarter report.  Karat Packaging was dealt a comeuppance following report of financial results for the first quarter ending March 2024.  Sales were flat compared to the year-ago period at $95.6 million.  Non-cash…

LEGH  –  Updated outlook after financial results.  Traders were thrilled with the financial performance in the quarter ending March 2024, announced by Legacy Housing Corporation.  While sales activity declined year-over-year by 18.2% to $43.2 million, net…

MTW  –  Revised view following quarter report.  The Manitowoc Company took a swing but missed consensus expectations for financial performance in the quarter ending March 2024.  It started at the top as sales declined modestly by 2.6% year-over-year to…

RPAY  –  Updated view on new financial performance.  Repay Holdings had good news to report with 9% year-over-year growth in revenue in the quarter ending March 2024, to $80.7 million.  While reported earnings were negative, the Company managed $35.5…

SMLR  –  Revised outlook after financial results; price movement.  In the lead up to the March quarter earnings report, shares of Semler Scientific had tested and appeared to conquering a line of volume-related price resistance at the $28.00 price level….

 

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