swsh reported earnings yesterday. once again, they were quite bad.
revenue was down 8%. backing out the large customer losses from Q4, it was about flat yoy.
ebitda margin was -10.5%, 570 bps worse than q2 of... login to read the rest
no real insight. it's possible that this is/was an attempt to get the price above $1 for nasdaq continued listing rules. the last time it closed above $1 was 6/4, so we were getting close
swsh reported Q1 numbers. they were bad.
revenue was down 10.5%. back out the large customer losses, and sales to remaining customers appear to be down mid single digits. adjusted ebitda was -$6.2MM, for an ebitda... login to read the rest
SWSH reported full year 2012 numbers. Q4 was worse than recent management commentary indicated.
Year end cash was $66.8MM, not $70MM as stated at the ICR conference.
SWSH sold a water treatment business for $3MM, which wasn't... login to read the rest
Swisher is down 30%. Financials through Q3 2012 have been reported. I thought I'd give a quick update for anyone involved. Or for those who can't look away from a car crash.
Here's a brief timeline... login to read the rest
hey ronmexico,
thanks for the question. there really isn't a read through to be had on the numbers. they are over five quarters old and the reported cash from a few weeks ago shows pretty clearly... login to read the rest
swisher provided an update this morning and released the presentation they'll be giving at ICR today. things are pretty much as expected, if not a touch worse. here is a link: http://files.shareholder.com/downloads/ABEA-5DGQK6/2242318130x0x628714/86340bf3-ecb3-4973-a333-e04443991ed9/SWSH%202013%20ICR%20Presentation.pdf
some highlights:
net cash, assuming they... login to read the rest
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