Benchmark Reports Second Quarter 2025 Results
Second quarter 2025 results:
Revenue of $642 million
GAAP Operating Income of $20 million
Non-GAAP Operating Income of $30 million
GAAP earnings per share of $0.03
Non-GAAP earnings per share of $0.55
'Benchmark's second quarter results continue to validate our strategy. We are the partner of choice for complex product execution, from concept through design to global delivery and support. Our second quarter progress was measured by sequential growth across most of our sectors with continued strength in A&D and solid recovery in the Industrial and Medical sectors. Even more encouraging was that we achieved a multi-year record in new bookings during the quarter,' said Jeff Benck, Benchmark's President and CEO.
Benck continued 'My conviction in our strategy and execution has never been higher. We see this play out in our margin improvement, bookings momentum with existing customers, and increased commitment to our value proposition by new customers. I am confident our accelerating momentum will drive growth and operational leverage in the coming quarters.'
Three Months Ended
Summary GAAP Items
June 30,
March 31,
June 30,
(Amounts in millions, except per share data)
2024
2025
2025
Revenue
$
666
$
632
$
642
Gross Margin
10.2
%
10.0
%
10.1
%
Operating Margin
4.1
%
1.9
%
3.2
%
Diluted EPS
$
0.43
$
0.10
$
0.03
Expand
Three Months Ended
Summary Non-GAAP Items(1)
June 30,
March 31,
June 30,
(Amounts in millions, except per share data)
2024
2025
2025
Revenue
$
666
$
632
$
642
Gross Margin
10.2
%
10.1
%
10.2
%
Operating Margin
5.1
%
4.6
%
4.7
%
Diluted EPS
$
0.57
$
0.52
$
0.55
Expand
(1)
A reconciliation of non-GAAP results to the most directly comparable GAAP measures and a discussion of why management believes these non-GAAP results are useful are included below.
Expand
Second Quarter 2025 Industry Sector Update
June 30,
March 31,
June 30,
(In millions)
2024
2025
2025
Semi-Cap
$
172
26
%
$
195
32
%
$
190
30
%
Industrial
142
21
137
22
142
22
A&D
109
16
122
19
126
20
Medical
111
17
104
16
110
17
AC&C
132
20
74
11
74
11
Total
$
666
100
%
$
632
100
%
$
642
100
%
Expand
Cash Conversion Cycle
June 30,
March 31,
June 30,
2024
2025
2025
Days in accounts receivable
51
53
52
Days in contract asset
25
25
25
Days in inventory
90
89
83
Days in accounts payable
(52
)
(61
)
(55
)
Days in advance payments from customers
(24
)
(20
)
(20
)
Days in cash conversion cycle
90
86
85
Expand
Third Quarter 2025 Guidance
Revenue between $635 million - $685 million
Diluted GAAP earnings per share between $0.28 - $0.34
Diluted non-GAAP earnings per share between $0.56 - $0.62
Non-GAAP earnings per share guidance excludes stock-based compensation expense of approximately $5.3 million and other non-operating expenses of $6.1 million to $6.3 million which includes restructuring, amortization of intangibles and other expenses.
Second Quarter 2025 Earnings Conference Call
The Company will host a conference call to discuss the results today at 5:00 p.m. Eastern Time. The live webcast of the call and accompanying reference materials will be accessible by logging on to the Company's website at www.bench.com. A replay of the broadcast will also be available on the Company's website.
About Benchmark Electronics, Inc.
Benchmark provides comprehensive solutions across the entire product life cycle by leading through its innovative technology and engineering design services, leveraging its optimized global supply chain and delivering world-class manufacturing services in the following industries: semiconductor capital equipment (Semi-Cap), industrial, medical, aerospace and defense (A&D), and advanced computing and communications (AC&C). Benchmark's global operations include facilities in seven countries and its common shares trade on the New York Stock Exchange under the symbol BHE.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are identified as any statement that does not relate strictly to historical or current facts and may include words such as 'anticipate,' 'believe,' 'intend,' 'plan,' 'project,' 'forecast,' 'strategy,' 'position,' 'continue,' 'estimate,' 'expect,' 'may,' 'will,' 'could,' 'predict,' and similar expressions of the negative or other variations thereof. In particular, statements, expressed or implied, concerning the Company's outlook and guidance for third quarter and fiscal year 2025 results, future operating results or margins, the ability to generate sales and income or cash flow, expected revenue mix, the Company's business strategy and strategic initiatives, the Company's repurchases of shares of its common stock, the Company's expectations regarding restructuring charges, stock-based compensation expense, amortization of intangibles, award of any tax incentives and capital expenditures, and the Company's intentions concerning the payment of dividends, among others, are forward-looking statements. Although the Company believes these statements are based on and derived from reasonable assumptions, they involve risks, uncertainties and assumptions that are beyond the Company's ability to control or predict, relating to operations, markets and the business environment generally, including those discussed under Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and in any of the Company's subsequent reports filed with the Securities and Exchange Commission. Events relating to the possibility of customer demand fluctuations, supply chain constraints, continuing inflationary pressures, the effects of foreign currency fluctuations and high interest rates, geopolitical uncertainties including continuing hostilities and tensions, trade restrictions and sanctions, tariffs and retaliatory countermeasures, the ability to utilize the Company's manufacturing facilities at sufficient levels to cover its fixed operating costs, or write-downs or write-offs of obsolete or unsold inventory, may have resulting impacts on the Company's business, financial condition, results of operations, and the Company's ability (or inability) to execute on its plans. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes, including the future results of the Company's operations, may vary materially from those indicated. Undue reliance should not be placed on any forward-looking statements. Forward-looking statements are not guarantees of performance. All forward-looking statements included in this document are based upon information available to the Company as of the date of this document, and the Company assumes no obligation to update.
Non-GAAP Financial Measures
Management discloses certain non‐GAAP information to provide investors with additional information to analyze the Company's performance and underlying trends. These non-GAAP financial measures exclude restructuring charges, stock-based compensation expense, amortization of intangible assets acquired in business combinations, certain legal and other settlement losses (gains), customer insolvency losses (recoveries), asset impairments, other significant non-recurring costs and the related tax impacts, including discrete tax items and other non-GAAP tax adjustments, of all of the above. A detailed reconciliation between GAAP results and results excluding certain items ('non-GAAP') is included in the following tables attached to this document. In situations where a non-GAAP reconciliation has not been provided, the Company was unable to provide such a reconciliation without unreasonable effort due to the uncertainty and inherent difficulty predicting the occurrence, the financial impact and the periods in which the non-GAAP adjustments may be recognized. Management uses non‐GAAP measures that exclude certain items in order to better assess operating performance and help investors compare results with our previous guidance. This document also references 'free cash flow', a non-GAAP measure, which the Company defines as cash flow from operations less additions to property, plant and equipment and purchased software. The Company's non‐GAAP information is not necessarily comparable to the non‐GAAP information used by other companies. Non‐GAAP information should not be viewed as a substitute for, or superior to, net income or other data prepared in accordance with GAAP as a measure of the Company's profitability or liquidity. Readers should consider the types of events and transactions for which adjustments have been made.
Benchmark Electronics, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
(Amounts in Thousands, Except Per Share Data)
(UNAUDITED)
Three Months Ended
Six Months Ended
June 30,
June 30,
2024
2025
2024
2025
Sales
$
665,896
$
642,335
$
1,341,471
$
1,274,099
Cost of sales
597,946
577,563
1,206,113
1,146,147
Gross profit
67,950
64,772
135,358
127,952
Selling, general and administrative expenses
38,022
40,569
75,354
79,369
Amortization of intangible assets
1,204
1,204
2,408
2,408
Restructuring charges and other costs
1,471
2,513
4,814
13,930
Income from operations
27,253
20,486
52,782
32,245
Interest expense
(6,933
)
(6,348
)
(14,178
)
(11,643
)
Interest income
2,526
3,135
4,518
5,867
Other expense, net
(2,323
)
(666
)
(3,500
)
(1,468
)
Income before income taxes
20,523
16,607
39,622
25,001
Income tax expense
4,995
15,635
10,092
20,385
Net income
$
15,528
$
972
$
29,530
$
4,616
Earnings per share:
Basic
$
0.43
$
0.03
$
0.82
$
0.13
Diluted
$
0.43
$
0.03
$
0.81
$
0.13
Weighted-average number of shares outstanding:
Basic
36,047
35,991
35,929
36,021
Diluted
36,497
36,258
36,388
36,427
Expand
Benchmark Electronics, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In Thousands)
(UNAUDITED)
December 31,
June 30,
2024
2025
Assets
Current assets:
Cash and cash equivalents
$
315,152
$
264,647
Restricted cash
12,875
—
Accounts receivable, net
412,458
369,246
Contract assets
167,578
175,101
Inventories
553,654
531,986
Prepaid expenses and other current assets
42,512
56,010
Total current assets
1,504,229
1,396,990
Property, plant and equipment, net
225,097
223,809
Operating lease right-of-use assets
117,995
110,771
Goodwill and other long-term assets
292,143
299,275
Total assets
$
2,139,464
$
2,030,845
Liabilities and Shareholders' Equity
Current liabilities:
Current installments of long-term debt
$
6,737
$
3,830
Accounts payable
354,218
354,715
Advance payments from customers
143,614
126,463
Accrued liabilities
144,530
107,142
Total current liabilities
649,099
592,150
Long-term debt, net of current installments
250,457
203,418
Operating lease liabilities
108,997
104,896
Other long-term liabilities
17,598
23,511
Total liabilities
1,026,151
923,975
Shareholders' equity
1,113,313
1,106,870
Total liabilities and shareholders' equity
$
2,139,464
$
2,030,845
Expand
Benchmark Electronics, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(In Thousands)
(UNAUDITED)
Six Months Ended
June 30,
2024
2025
Cash flows from operating activities:
Net income
$
29,530
$
4,616
Depreciation and amortization
23,026
23,785
Stock-based compensation expense
6,361
9,732
Accounts receivable
71,346
46,794
Contract assets
(7,111
)
(7,523
)
Inventories
82,717
26,087
Accounts payable
(25,550
)
(3,727
)
Advance payments from customers
(47,727
)
(17,150
)
Other changes in working capital and other, net
(28,318
)
(53,934
)
Net cash provided by operating activities
104,274
28,680
Cash flows from investing activities:
Additions to property, plant and equipment and software
(14,407
)
(16,460
)
Other investing activities, net
(1,405
)
62
Net cash used in investing activities
(15,812
)
(16,398
)
Cash flows from financing activities:
Share repurchases
—
(15,995
)
Net debt activity
(41,731
)
(50,430
)
Other financing activities, net
(17,161
)
(18,990
)
Net cash used in financing activities
(58,892
)
(85,415
)
Effect of exchange rate changes
(2,918
)
9,753
Net increase (decrease) in cash and cash equivalents and restricted cash
26,652
(63,380
)
Cash and cash equivalents and restricted cash at beginning of year
283,213
328,027
Cash and cash equivalents and restricted cash at end of period
$
309,865
$
264,647
Expand
Benchmark Electronics, Inc. and Subsidiaries
Reconciliation of GAAP to Non-GAAP Financial Results
(Amounts in Thousands, Except Per Share Data)
(UNAUDITED)
Three Months Ended
Six Months Ended
Jun 30,
Mar 31,
Jun 30,
Jun 30,
2024
2025
2025
2024
2025
Income from operations (GAAP)
$
27,253
$
11,759
$
20,486
$
52,782
$
32,245
Restructuring charges and other costs
1,471
1,342
1,939
4,814
3,281
Stock-based compensation expense
4,185
4,397
5,335
6,361
9,732
Amortization of intangible assets
1,204
1,204
1,204
2,408
2,408
Legal and other settlement loss(1)
317
10,275
799
1,172
11,074
Customer insolvency (recovery)
(316
)
—
—
(316
)
—
Other
—
—
311
—
311
Non-GAAP income from operations
$
34,114
$
28,977
$
30,074
$
67,221
$
59,051
GAAP operating margin
4.1
%
1.9
%
3.2
%
3.9
%
2.5
%
Non-GAAP operating margin
5.1
%
4.6
%
4.7
%
5.0
%
4.6
%
Gross profit (GAAP)
$
67,950
$
63,180
$
64,772
$
135,358
$
127,952
Stock-based compensation expense
326
431
514
752
945
Customer insolvency (recovery)
(316
)
—
—
(316
)
—
Non-GAAP gross profit
$
67,960
$
63,611
$
65,286
$
135,794
$
128,897
GAAP gross margin
10.2
%
10.0
%
10.1
%
10.1
%
10.0
%
Non-GAAP gross margin
10.2
%
10.1
%
10.2
%
10.1
%
10.1
%
Selling, general and administrative expenses
$
38,022
$
38,800
$
40,569
$
75,354
$
79,369
Stock-based compensation expense
(3,858
)
(3,966
)
(4,821
)
(5,608
)
(8,787
)
Legal and other settlement loss(1)
(317
)
(200
)
(225
)
(1,172
)
(425
)
Other
—
—
(311
)
—
(311
)
Non-GAAP selling, general and administrative expenses
$
33,847
$
34,634
$
35,212
$
68,574
$
69,846
Net income (GAAP)
$
15,528
$
3,644
$
972
$
29,530
$
4,616
Restructuring charges and other costs
1,471
1,342
1,939
4,814
3,281
Stock-based compensation expense
4,185
4,397
5,335
6,361
9,732
Amortization of intangible assets
1,204
1,204
1,204
2,408
2,408
Legal and other settlement loss(1)
317
10,275
799
1,172
11,074
Refinancing of Credit Facilities
—
—
224
—
224
Customer insolvency (recovery)
(316
)
—
—
(316
)
—
Other
—
—
311
—
311
Income tax adjustments(2)
(1,437
)
(1,645
)
9,208
(2,830
)
7,563
Non-GAAP net income
$
20,952
$
19,217
$
19,992
$
41,139
$
39,209
Diluted earnings per share:
Diluted (GAAP)
$
0.43
$
0.10
$
0.03
$
0.81
$
0.13
Diluted (Non-GAAP)
$
0.57
$
0.52
$
0.55
$
1.13
$
1.08
Weighted-average number of shares used in calculating diluted earnings per share:
Diluted (GAAP)
36,497
36,605
36,258
36,388
36,427
Diluted (Non-GAAP)
36,497
36,605
36,258
36,388
36,258
Net cash provided by (used in) operations
$
55,816
$
31,503
$
(2,823
)
$
104,274
$
28,680
Additions to property, plant and equipment and software
(8,504
)
(4,156
)
(12,304
)
(14,407
)
(16,460
)
Free cash flow (used)
$
47,312
$
27,347
$
(15,127
)
$
89,867
$
12,220
Expand
(1)
Includes settlement of the tax assessment in Mexico that was previously disclosed under Note 15 in Part II, Item 8 of the Company's Annual Report on Form 10-K for the year ended December 31, 2024.
(2)
This amount represents the tax impact of the non-GAAP adjustments, including discrete tax items, using the applicable effective tax rates. For the three and six months ended June 30, 2025, $10.4 million in discrete tax charges relating to foreign withholding tax paid on repatriated dividends, net of anticipated recoveries, and the recognition of deferred tax liabilities on remaining unremitted earnings in China.
Expand
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Essent Group (ESNT) Reports Earnings Tomorrow: What To Expect
Mortgage insurance provider Essent Group (NYSE:ESNT) will be announcing earnings results this Friday before market hours. Here's what you need to know. Essent Group beat analysts' revenue expectations by 2.1% last quarter, reporting revenues of $317.6 million, up 6.4% year on year. It was a mixed quarter for the company, with net premiums earned in line with analysts' estimates but EPS in line with analysts' estimates. Is Essent Group a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Essent Group's revenue to grow 1.2% year on year to $316.8 million, slowing from the 20.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.71 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Essent Group has missed Wall Street's revenue estimates three times over the last two years. Looking at Essent Group's peers in the property & casualty insurance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Root delivered year-on-year revenue growth of 32.4%, beating analysts' expectations by 7.5%, and Mercury General reported revenues up 13.2%, topping estimates by 2%. Mercury General's stock price was unchanged following the results. Read our full analysis of Root's results here and Mercury General's results here. Investors in the property & casualty insurance segment have had fairly steady hands going into earnings, with share prices down 1% on average over the last month. Essent Group is down 2.9% during the same time and is heading into earnings with an average analyst price target of $65 (compared to the current share price of $57.85). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
an hour ago
- Yahoo
fuboTV (FUBO) Reports Q2: Everything You Need To Know Ahead Of Earnings
Live sports and TV streaming service fuboTV (NYSE:FUBO) will be announcing earnings results this Friday before market hours. Here's what to look for. fuboTV missed analysts' revenue expectations by 28.7% last quarter, reporting revenues of $416.3 million, up 3.5% year on year. It was a very strong quarter for the company, with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. It reported 1.47 million domestic subscribers, down 2.7% year on year. Is fuboTV a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting fuboTV's revenue to decline 5.6% year on year to $368.9 million, a reversal from the 25% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. fuboTV has missed Wall Street's revenue estimates twice over the last two years. Looking at fuboTV's peers in the media segment, some have already reported their Q2 results, giving us a hint as to what we can expect. The New York Times delivered year-on-year revenue growth of 9.7%, beating analysts' expectations by 2.3%, and Disney reported revenues up 2.1%, in line with consensus estimates. Read our full analysis of The New York Times's results here and Disney's results here. Investors in the media segment have had steady hands going into earnings, with share prices up 1.1% on average over the last month. fuboTV is up 3.9% during the same time and is heading into earnings with an average analyst price target of $4.83 (compared to the current share price of $3.75). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Tutor Perini (NYSE:TPC) Reports Bullish Q2, Stock Jumps 22.5%
General contracting company Tutor Perini (NYSE:TPC) reported Q2 CY2025 results topping the market's revenue expectations , with sales up 21.8% year on year to $1.37 billion. Its non-GAAP profit of $1.41 per share was significantly above analysts' consensus estimates. Is now the time to buy Tutor Perini? Find out in our full research report. Tutor Perini (TPC) Q2 CY2025 Highlights: Revenue: $1.37 billion vs analyst estimates of $1.27 billion (21.8% year-on-year growth, 8.5% beat) Adjusted EPS: $1.41 vs analyst estimates of $0.34 (significant beat) Adjusted EPS guidance for the full year is $3.80 at the midpoint, beating analyst estimates by 110% Operating Margin: 5.6%, up from 3.6% in the same quarter last year Free Cash Flow Margin: 0%, down from 3.7% in the same quarter last year Backlog: $21.1 billion at quarter end Market Capitalization: $2.49 billion Company Overview Known for constructing the Philadelphia Eagles' Stadium, Tutor Perini (NYSE:TPC) is a civil and building construction company offering diversified general contracting and design-build services. Revenue Growth Examining a company's long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Unfortunately, Tutor Perini struggled to consistently increase demand as its $4.77 billion of sales for the trailing 12 months was close to its revenue five years ago. This wasn't a great result and is a sign of poor business quality. We at StockStory place the most emphasis on long-term growth, but within industrials, a half-decade historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. Tutor Perini's annualized revenue growth of 12.4% over the last two years is above its five-year trend, suggesting its demand recently accelerated. This quarter, Tutor Perini reported robust year-on-year revenue growth of 21.8%, and its $1.37 billion of revenue topped Wall Street estimates by 8.5%. Looking ahead, sell-side analysts expect revenue to grow 18.9% over the next 12 months, an improvement versus the last two years. This projection is eye-popping and suggests its newer products and services will fuel better top-line performance. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. Operating Margin Tutor Perini was roughly breakeven when averaging the last five years of quarterly operating profits, inadequate for an industrials business. This result isn't too surprising given its low gross margin as a starting point. Analyzing the trend in its profitability, Tutor Perini's operating margin decreased by 6.4 percentage points over the last five years. Tutor Perini's performance was poor no matter how you look at it - it shows that costs were rising and it couldn't pass them onto its customers. This quarter, Tutor Perini generated an operating margin profit margin of 5.6%, up 1.9 percentage points year on year. Since its gross margin expanded more than its operating margin, we can infer that leverage on its cost of sales was the primary driver behind the recently higher efficiency. Earnings Per Share Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. Sadly for Tutor Perini, its EPS declined by 26.4% annually over the last five years while its revenue was flat. This tells us the company struggled because its fixed cost base made it difficult to adjust to choppy demand. We can take a deeper look into Tutor Perini's earnings to better understand the drivers of its performance. As we mentioned earlier, Tutor Perini's operating margin expanded this quarter but declined by 6.4 percentage points over the last five years. Its share count also grew by 4.4%, meaning the company not only became less efficient with its operating expenses but also diluted its shareholders. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. For Tutor Perini, its two-year annual EPS declines of 41.6% show it's continued to underperform. These results were bad no matter how you slice the data. In Q2, Tutor Perini reported adjusted EPS at $1.41, up from $0.02 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street is optimistic. Analysts forecast Tutor Perini's full-year EPS of negative $1.49 will flip to positive $2.56. Key Takeaways from Tutor Perini's Q2 Results We were impressed by how significantly Tutor Perini blew past analysts' revenue and EPS expectations this quarter. Looking ahead, EPS guidance also outperformed Wall Street's estimates by a wide margin. The magnitude of the beats is the most impressive aspect of the quarter, which featured many important positives. The stock traded up 22.5% to $57.89 immediately following the results. Tutor Perini put up rock-solid earnings, but one quarter doesn't necessarily make the stock a buy. Let's see if this is a good investment. When making that decision, it's important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
