ALQ +4.76%: the technical testing company rallied on upgraded guidance today, and confirmed a strong liquidity position post the sell-down of their Asset Care business to SRG Global (SRG). Underlying NPAT was upgraded ~2.5% at the midpoint, while just a small number, it does confirm they have managed cost pressures well and continue to see organic growth coming through the business. ALS, which tests commodities and bio-substances, received $80m in the sale of their non-core asset services business and said leverage had fallen to 1.8x while they have liquidity of $400m.
MM is neutral to bullish ALQ
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