SAExploration (SAEX) reported its first stand-alone quarter as a public company, and will release its 10Q filing on or before August 19th. It was an excellent quarter - we're getting a clearer picture of the earnings power and just how little we're paying for the underlying business. For a deep dive on the quality of the company, see the prior posting on TRIO.
1. Guidance was unchanged and EBITDA by my estimate is tracking at the high end of the full-year range. Management reiterated its underlying business optimism for 2013 and beyond.
2. Operating income was up 13% year-over-year in 1H2013 vs. 1H2012
3. Backlog was up 41% to $285mm from $200mm in the prior-year quarter
Only subscribers can access this article, which is part of the PRO research library covering 3,573 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: