No. of Recommendations: 10
4th quarter earnings released after market closed today
On first read there seems to be a lot to like
- Earnings up 30% compared to 4th quarter last year. From CFO "driven by strong results on all our key metrics, including a decelerating normalized growth of expenses1 which was below inflation for the fourth quarter when normalized for the estimated impact of the additional week in this quarter"
- 27% increase in dividend
- ROE increased to 24.7%
- $440M share repurchasesin 4th Q. 2B over the full year.
- More acquisitions - stations / stores from Total energy, as well as a large car wash chain
benzinga.com - Alimentation couche tard announces its results for its fourth quarter and fiscal yearIts a top 5 (3%) position for me behind BRK, GOOGL. Have been steadiliy acquiring over the past 3+ years. A steady grower. Now thinking it ought to be larger.
Owe this one to Jim too.
