ARB +8.55% had a great session after the Australian vehicle accessories maker reported inline earnings, announced a special dividend and provided solid guidance.
- Sales revenue A$729.9 million, +5.3% y/y, estimate A$733.6 million
- Net income A$97.5 million, -5% y/y
- Final dividend per share A$0.350 – flat y/y plus they announced a $0.500 special dividend.
Solid result – with a surprise special dividend and more upbeat guidance than the market expected.
MM remains long & bullish ARB
Add To Hit List
