NVEE reported earnings and I thought they were very good.
2017
Revenue of $333 M, up 48%
EPS $2.38 , up 56%
continued margin expansion from 14% to 15% year over year.
backlog of $296 M, up 34% year over year
2018 Guidance (W/O future acquisitions which is their strategy)
Revenue of 370-405 M (+22%)
Eps $2.92 - $3.21 (+32%)
Jimbo
long NVEE
NVEE reported earnings and I thought they were very good.
2017
Revenue of $333 M…
Was it very good? From the guidance they gave when they reported their September quarter: The Company expects full-year 2017 Total Revenues to range from $340 million to $358 million
I mean I don’t get it. They missed their own guidance and shares were up 18%. I sold mine. Also note that GM was down. They definitely aren’t on the track I was hoping for. Plus, there are too many amazing companies around to have money tied up in something like this.
Bear