Replies to post #110712 on Savvy Trades and Investments

[gilead23]

ESP does look good


Backlog down a few percent sequentially. I think these small defense names should continue to do well.

[hweb2]

Congrats on ESP. Stellar quarter, altho the CEO did say there were a couple of positive 1-timers that boosted revenues & earnings-

Mr. David O’Neil, President and CEO, commented,

The financial results for this quarter are exceptional. The team has done an outstanding job. In addition to an overall improvement in operational efficiency, the increase in quarterly sales was augmented with two one-time shipments that were significant contributors to the quarter’s results, boosting the bottom line above normal operating margins. The results of this quarter position us well for another solid year. We continue to believe that a portfolio balanced between new design, follow-on production orders and build to print contracts is a positive strategy for bottom-line growth in ensuing years. Our backlog remains strong as we continue to look for new opportunities to grow our business.