Weekly Comments – August 12, 2024 – DXPE, JOUT, KRT, LEGH, MTW, RPAY, SMLR, WLKP

DXPE  –  Updated outlook following quarter earnings report.  Last week DXP Enterprises reported a buck in earnings per share on $445.6 million in total sales in the second quarter ending June 2024. Higher interest expense and selling, general and…

JOUT  –  Revised view on earnings report, management comments.  Ouch!  Johnson Outdoors delivers disappointing sales and earnings results for the fiscal third quarter ending June 2024.   The single estimate published for Johnson Outdoors was $0.22 in…

KRT  –  Updated view after quarter financial report.  Analysts had targeted $0.59 in earnings per share on $113.9 million in total sales for Karat Packaging in the second quarter ending June 2024.  Thus, traders were set up for lower earnings compared to…

LEGH  –  Revised outlook following earnings report, management comments.  Last week Legacy Housing reported $0.67 in basic earnings per share on $42.5 million in total sales for the quarter ending June 2024.  The report was a big surprise for analysts who…

MTW  –  Updated outlook following quarter earnings report.  Last week The Manitowoc Company delivered disappointing sales and earnings results for its second quarter ending June 2024.  Sales declined to $562.1 million or 6.8% compared to the same…

RPAY  –  Revised view on earnings report.  Payment solutions remain in good demand making it possible for Repay Holdings to maintain revenue at $74.9 million, 4% higher compared with the year-ago period.  The Company management to reduce its net loss…

SMLR  –  Updated view after quarter financial report.  Last week management of Semler Scientific proudly announced the purchase of 101 additional bitcoins for $6.0 million, bringing the total in the Company’s treasury to 929 bitcoins purchased at $63 million.  It…

WLKP  –  Updated outlook following quarter earnings report.  Last week Westlake Chemical Partners reported $14.4 million in income or $0.41 per limited partner unit in the second quarter ending June 2024.  The bottom line represented a year-over increase…

 

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