Weekly Comments – July 29, 2024 – BXC, HVT, LXFR, MPX, PTSI, ULH

BXC  –  Preview of quarter earnings report.  BlueLinx Holdings is scheduled to release financial results for the second quarter ending June 2024, on Tuesday this week after the market close.  A conference call to go over the details with analysts and…

HVT  –  View in advance of financial release.  This week Wednesday after the market close, Haverty Furniture is on the calendar to report financial results for the quarter ending June 2024.  Analysts and shareholders will have a chance to ask management…

LXFR  –  Preview of quarter financial report.  Last week shares of Luxfer Holdings completed formation of the particularly bullish Ascending Triple Top Breakout signal in a point and figure chart.  The three successively high X-columns of higher closing prices…

MPX  –  Updated outlook following quarter earnings report.  Last week Marine Products reported a 40% year-over-year decrease in sales to $69.5 million in the second quarter ending June 2024.  The decrease in reported net income was even more dismal with a…

PTSI  –  Revised view after quarter report.  Without fanfare P.A.M. Transportation Services reported a net loss of $2.9 million or $0.13 per share on $182.9 million in total revenue.   Both sales and earnings were lower than the same quarter last year.  Slower…

ULH  –  Updated view following quarter earnings report.  Last week Universal Logistics reported a welcome 12% year-over-year increase in revenue to $462.2 million in the second quarter ending June 2024.  Earnings per share shot up 30% to $1.17 in the same…

 

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