Friday, May 13, 2016 12:06:01 AM
On SMID though, yes they are caught in a bit of lag between meaningfully upping prices on their biggest precast selling products and having higher input cost. They're running the company a bit backwards IMO (employee raises and hiring first, raise prices later) but that's part of the process of investing in micros LOL.
They do have a widening footprint which I think will help them given the outlook heading out a few years in many of the states from Virginia down south through Georgia. But they're taking a few bumps near term that probably shouldn't have been as big if they'd been more aggressive on price point.
Guess they have a few potential rental contracts they are eying nearish term (probably the political conventions, not sure what else). Aggregate and cement prices are not going back down IMO so they should start living with passing those input costs directly onto customers and while at it realign margins to make things more comfortably profitable.
On the positive operational side, they did keep SG&A in check with the ramp up in revs so that should help revenues drop more to bottom line earnings as time goes on and as they get a little more pricing power.
The turn is happening slower than I wanted at precast level here as far as earnings and pricing given demand is strong and getting stronger IMO but it is coming.
Obviously backlog is very healthy and I believe a record at $20+ million. Would be nice to know how much overhead cost may have been involved with Hopkins but I didn't see a breakdown of that.
They're slow but they'll get there...
All IMO only.
I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled.
-Temple of the Dog
Recent SMID News
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 09/24/2024 08:30:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2024 09:29:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/13/2024 12:00:59 PM
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 08/02/2024 02:53:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 02:31:13 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/12/2024 02:08:55 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 06/11/2024 08:16:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/03/2024 01:30:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/03/2024 01:30:12 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/29/2024 02:58:21 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 08:38:02 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 01/10/2024 01:26:14 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/28/2023 01:34:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/18/2023 03:42:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/18/2023 03:42:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/18/2023 03:42:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/18/2023 03:42:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/06/2023 10:16:20 PM
Lingerie Fighting Championships Signs Broadcast Deal With Maybacks Global Entertainment • BOTY • Sep 26, 2024 9:00 AM
Maybacks Global Entertainment and Lingerie Fighting Championships Enter Into Broadcast And Revenue Sharing Agreement • AHRO • Sep 26, 2024 8:30 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM