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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (72474)	3/2/2023 9:14:29 PM
From: Elroy	Respond to of 78748

They sold one of their divisions, so less revenue but not sure how much of that revenue was in their Q4 numbers. There were significant write downs (and adjustments) from that sale. Remember the classification of their dividend to ROC. So those adjustments would impact EPS. Yes. The adjusted EPS which factors in all the accountign affects of the division sale is 39 cents. -- The Company’s net income was $24.3 million, or $0.34 per diluted share, for the fourth quarter of 2022, compared to net loss of $4.8 million, or $0.07 per diluted share, for the fourth quarter of 2021. The Company’s net income for the fourth quarter of 2022 was negatively impacted by acquisition/divestiture related and non-recurring expenses of $3.3 million (or $2.5 million, net of tax) and pre-tax, non-cash impairment charges of $2.8 million (or $2.1 million, net of tax) relating to the Company’s decision to sell the Back to Nature business. The Company’s adjusted net income for the fourth quarter of 2022 was $28.9 million, or $0.40 per adjusted diluted share, compared to adjusted net income of $26.3 million, or $0.39 per adjusted diluted share, for the fourth quarter of 2021. --- Seems to me they should again make 39 cents give or take a few pennies every following quarter. And since the environment seems like it will improve a bit from Q4 2022, they are more likely to be a bit above 39 cents each quarter than below. No? They sell food. How much quarterly variety can there be? When I got more time I'll have a closer look. But this is the main question that sticks out at me after a quick review of the just reported results.