There previous update stated expected EBIT of 12.5-13.5 million. Where as reported is 14.5.
Saying that. I am still not a fan of the purchase of Hofco. Considering that it only added 2.5 to this years EBIT and added an additional 17 million shares to the register.
I feel if the company hadn't made that purchase and subsequent dilution shares would be up around $2.50. Hopefully I will be proven wrong though and this business shows the same sort of growth.
Ann: Exceeds Full Year Guidance , page-4
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