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The move will expand Home Depot's addressable market by an estimated $50 billion, but the company said it would suspend share buybacks until it returns to its target-debt leverage of two times earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ).
Restaurant-level profit margin, a key industry metric, improved from 11% to 16%, and Sweetgreen's adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) loss narrowed from $17.9 The company also reported another quarter with average unit volumes of $2.9 million to $1.8 per share to $0.24
Margins benefited from leverage from higher sales. Adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) nearly tripled, from $12.7 The company also showed off strong margin improvement as its restaurant-level profit margin improved to 26.5% from 26.1% in the quarter a year ago.
It repaid debt, which steadily drove down its leverage ratio. Today, Energy Transfer has a strong investment-grade balance sheet with a leverage ratio in the lower half of its 4.0-to-4.5x That improving leverage ratio has provided Energy Transfer with increased financial flexibility. times target range.
Roughly 98% of its earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) comes from cost-of-service arrangements or long-term contracts. Enbridge's earnings are so predictable that it has achieved its financial guidance for 18 straight years. times leverage ratio , well within its 4.5x-5.0x
The sector has gone through a transformation in the past decade, with midstream companies reducing leverage and being more disciplined when it comes to funding growth projects. Even better, the company has said it could pay excess distributions once its leverage is below 3 times and it has excess free cash flow.
Its adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ), meanwhile, rose 6% to nearly $2.5 Enterprise ended the quarter with leverage of 3x. It defines leverage as net debt adjusted for equity credit in junior subordinated notes (hybrids) divided by adjusted EBITDA.
By and large, this structure has been eliminated, and MLPs are generally in better financial shape as a result, carrying less leverage and being able to grow their business through free cash flow. in enterprise-value- to- EBITDA (earningsbeforeinterest, taxes, depreciation, and amortization), the most common way to value these stocks.
KMI Financial Debt to EBITDA (TTM) data by YCharts That said, a part of the problem was Kinder Morgan's more aggressive use of leverage than its peers'. Kinder Morgan's leverage is lower today, but it still tends to use more leverage than Enterprise.
Those diversified midstream operations supply both MLPs with stable earnings and cash flow. billion of adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) and $5.3 leverage ratio , which falls in the middle of its 2.75-3.25 Last year, MPLX produced $6.3 target range.
Enbridge currently gets 98% of its earningsbeforeinterest, taxes, depreciation, and amortization (EBITDA) from stable cost-of-service or contracted assets. The company currently boasts an investment-grade credit rating backed by a leverage ratio toward the low end of its 4.5-5.0 times target range.
The company continues to see a ton of operating leverage in its business as sales climb, with gross margin for the quarter improving to 77.5% Earnings per share (EPS) surged from $0.30 Adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ), meanwhile, climbed 72% to $722 million.
SoFi CEO Anthony Noto pointed out the company is benefiting from a combination of strong cross-buying activity and improving operating leverage thanks to its "broad product suite and unique Financial Services Productivity Loop (FSPL) strategy." Deposits at the company's SoFi Bank subsidiary also soared 26% sequentially this quarter, to $12.7
Meanwhile, its balance sheet is in good shape with a leverage ratio (net debt/adjusted EBITDA ) of just 3.2 < Situated in the right basins, MPLX looks in good shape to continue growing its distributions, while its forward enterprise value (EV) -to-EBITDA (earningsbeforeinterest, taxes, depreciation, and amortization) valuation of 9.6
That makes logical sense, given that, historically, around 57% of its earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) came from oil pipelines, with another 28% from natural gas pipelines. Enbridge is a North American energy giant that is usually lumped into the midstream sector.
Also, the healthcare REIT's leverage as measured by the adjusted net debt to transaction-adjusted annualized EBITDAre (earningsbeforeinterest, income taxes, and depreciation and amortization for real estate) increased in Q2. When you back out non-cash income, the level falls to around $0.28
The table below shows the company's improvements in earnings and cash flow. I've also included its adjusted debt to earningsbeforeinterest, taxation, depreciation, amortization, and rent ( EBITDAR ) multiple. Using cash flow to pay down debt (adjusted debt fell from $32.9 billion at the end of 2022 to $29.2
billion Canadian ($3 billion) of adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) in the period. In addition, the company has a strong investment-grade balance sheet backed by a leverage ratio in the lower end of its 4.5-to-5.0 The pipeline and utility operator produced $4.2
billion of adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) this year. That gave it money to fund its growth capital projects and strengthen its balance sheet (its leverage ratio is on track to be at the lower end of its 4.0 billion to $13.5 That puts its valuation at 7.2
This is a huge market opportunity that Dutch Bros is leveraging to grow its business quickly, and these new stores alone will generate higher revenue for the foreseeable future. Adjusted earningsbeforeinterest, taxes, depreciation, and amortization (EBITDA) increased 76% to $160.1 million in Q4 2022 to $3.8
billion, while its adjusted earnings per share (EPS) fell from $1.21 Adjusted earningsbeforeinterest, taxes, depreciation, and amortization (EBITDA) edged up 2.5% Mixed Q2 quarterly results For the second quarter, Verizon saw its revenue rise 0.6% a year ago to $1.15. billion consensus.
Blackwells' analysis is based on 2025 estimates based on earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) of $2.8 According to Blackwells' sum-of-the-parts analysis, the business would be worth roughly 64% more than it is today if it was cut into three pieces at an implied share price of $163.07.
Its balance sheet isn't pretty ChargePoint insists it can turn profitable on an adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) basis by the fourth quarter of calendar 2024 (which lines up with the third and fourth quarters of fiscal 2024).
Unlike some aggressive companies that jeopardize their financial well-being by relying heavily on leverage to pursue acquisitions, Heico has adopted a more conservative approach. At the end of 2022, Heico's net debt-to-earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) ratio was only 0.25.
Shares currently trade for an enterprise value/earningsbeforeinterest, taxes, depreciation, and amortization (EV/ EBITDA ) multiple of just 5x. That leverage puts added pressure on management if oil prices decline in the future, making it less profitable to drill. By comparison, Chevron trades for a 6.6x
Analysts expect its revenue to grow at a CAGR of 33% from 2022 to 2025, and for its adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) to rise at a CAGR of 54%. It currently serves more than 6,000 customers, including 30% of the Fortune 500, and secures over 300 billion transactions daily.
Low historic industry valuations Between 2011 to 2016, midstream companies on average traded at an enterprise value (EV) -to- EBITDA (earningsbeforeinterest, taxes, depreciation, and amortization) multiple of over 13.5 Today, multiples throughout the industry are much lower.
The new collaboration will enable Enbridge to leverage AI powered by Microsoft Azure machine learning across its operations. Cost savings and optimizations are an important earnings growth driver for Enbridge. million) of recurring earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) savings per year.
Meanwhile, the company said it was seeing selling, general, and administrative expenses (SG&A) leverage, as 40% of its order volume is now benefiting from automation. million.
For comparison, Kroger's net leverage ratio at the end of its fiscal first quarter 2023 was a much-healthier 1.3 For comparison, Kroger's net leverage ratio at the end of its fiscal first quarter 2023 was a much-healthier 1.3 times EBITDA in the first 18 to 24 months after the merger. times EBITDA. times EBITDA.
The Trade Desk (NASDAQ: TTD) has been at the forefront in leveraging this opportunity by programmatically matching buyers and sellers of advertisements on the CTV (connected television, a device or software used to support video content streaming) platform. million in the previous quarter.
Q3 earnings preview for Block For the third quarter, Block has guided for a headline 17% year-over-year increase in the gross profit while forecasting $695 million in adjusted earningsbeforeinterest, tax, depreciation, and amortization ( EBITDA ), accelerating by 46% from last year.
Last year, the company said that it expects the new segment to be profitable on an adjusted earningsbeforeinterest, taxes, depreciation and amortization ( EBITDA ) basis by fiscal 2024 (the company's year ends in August). healthcare business to become profitable.
Moreover, both Amazon and Alphabet leverage voice-recognition software in their lines of smart home appliances. A combination of top-line growth and disciplined cost controls helped the company trim losses by half on an adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) basis last year.
to 85.7%, or 390 basis points, which drove adjusted operating income up 50% to $175 million and adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ). Overall adjusted earnings per share increased from $0.56 to $0.81, easily beating the analyst consensus of $0.67.
30, 2023), revenue of $368 million grew 79% year over year, resulting in the company's second consecutive quarter of positive adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ). In Symbotic's fiscal 2024 first quarter (ended Dec.
Nvidia's investment suggests SoundHound's service and technology hold promise, but investors should review its biggest issues before following Nvidia's lead. It might be a promising speculative play for long-term investors, but its high valuation, high leverage, and persistent losses could limit its near-term gains.
billion in adjusted earningsbeforeinterest, taxes, depreciation, and amortization (EBITDA) and $1.2 Sirius XM is also starting to pay down its long-term debt since that bearish leverage peaked in 2022. It has posted an annual profit every year since 2010. The model works. It expects to generate $2.7
BigBear.ai (NYSE: BBAI) and SoundHound AI (NASDAQ: SOUN) are two small-caps attempting to leverage unique AI-powered applications into long-term growth. The company reported a loss on Q2 adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) of $3.7 Image source: Getty Images.
To be sure, Garena's adjusted earningsbeforeinterest, taxes, depreciation, and amortization (EBITDA) is down from $2.8 This segment is also showing really high operating leverage, with Q4 adjusted EBITDA of $148.5 billion in 2021 to just $921 million in 2023. on 27% loan growth last quarter. of loans outstanding.
The company is targeting a gross leverage ratio of 3.0. Gross leverage compares gross to debt to adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ). Viatris has prioritized paying down its debt, and says that over the past 10 quarters its debt repayments have totaled $6.1
The company claimed it could deliver a compound annual growth rate (CAGR) of 40%, taking revenue from $140 million in 2020 to $388 million in 2023 while expanding its gross margin from 30% to 50% and keeping its adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) margins in the high teens.
But the hope is that with a much larger number of units sold and higher revenue, the business will be better able to leverage its fixed costs and approach management's goal of EBITDA ( earningsbeforeinterest, taxes, depreciation, and amortization ) margins between 8% and 13.5% over the long term.
For example, its ratio of debt to EBITDA ( earningsbeforeinterest, taxes, depreciation, and amortization ) is generally among the lowest of its closest peer group. Acquisitions are partly to blame for that trend, but investors need to understand that leverage increases risk. That isn't the only thing to consider.
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