Recent News
March filings show Act III Holdings and related parties increased open-market purchases in March 2026, raising reported beneficial ownership through multiple purchases during the month. Insider buying surfaced in early March with at least one director acquiring shares. Institutional adjustments appeared in early March filings showing incremental position changes among large holders.
Technical Analysis
ADX at 17.39 indicates no established trend, implying near-term moves may remain range-bound until trend strength improves.
DI+ sits at 23.64 and registers an increasing trend, which carries a bullish directional bias for short-term price orientation.
DI- reads 24.14 with a decreasing trend, which also contributes a bullish directional bias by reducing downside pressure.
MACD at 0.05 has moved above its signal line at -0.37, with an increasing MACD trend; that cross signals improving bullish momentum and favors near-term upside attempts.
MRO at 20.58 and rising places price above the internal target framework, implying a potential corrective pressure if momentum stalls despite current gains.
RSI at 48.63 and rising indicates neutral-to-improving internals; momentum lacks overbought stress and allows room for further appreciation without exhaustion.
Price sits at $38.07, above the 200-day average of $37.07 but slightly below the 50-day average of $38.10; short-term moving averages (12-day EMA $37.21, 20-day avg $36.75) trend higher, so the immediate price structure favors consolidation with upward attempts capped by the 50-day average.
Ichimoku components place price below the Senkou cloud (Senkou A $39.55, Senkou B $40.25), which creates a technical resistance band above the market and tempers breakout conviction despite bullish cross-signals.
Volume shows recent sessions under average: today’s volume 184,596 versus 10-day avg 312,594 and 50/200-day averages noticeably higher; low relative volume reduces conviction behind directional moves.
Fundamental Analysis
Revenue totaled $355,399,000 with YoY revenue growth at 33.61%, reflecting meaningful top-line expansion year-over-year while quarter-to-quarter movement showed a modest contraction of 1.79% QoQ.
Net income reached $12,643,000 and EBIT measured $11,930,000; EBITDA equaled $32,849,000. Operating margin sat at 3.345% and EBIT margin at 3.357%, both well below the industry peer mean (operating margin mean 22.693%, EBIT margin mean 22.319%), indicating material margin gap versus peers.
EPS landed at $0.66 versus an estimate of $0.62, representing an EPS beat of $0.04 or roughly 6.45% versus expectations; forward EPS stands near $0.675. WMDST notes the EPS beat while margins continue to lag peer averages.
Balance-sheet and liquidity metrics show total debt of $490,758,000, net debt $61,219,000, and debt-to-assets of 48.33%. Interest coverage at 11.25x provides ample coverage for current interest obligations. Current ratio at 0.40 and quick ratio at 0.33 remain below the industry peer mean (current ratio mean 0.962), signalling constrained near-term liquidity versus peer norms.
Cash and short-term investments totaled $23,781,000 with operating cash flow at $18,554,000 and free cash flow $7,455,000, producing a free cash flow yield near 0.86%. Return on equity measured 3.45% and return on invested capital near 2.09%, indicating modest capital returns relative to the company’s cost of capital.
Valuation context: trailing PE stands at ~61.9 and forward PE near 54.7 while price-to-book sits at ~2.35 and enterprise multiple at ~40.47. The current valuation as determined by WMDST registers as fair-valued given modest growth, stretched profitability versus peers, and the mix of strong coverage metrics with elevated leverage ratios.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-02-25 |
| NEXT REPORT DATE: | 2026-05-27 |
| CASH FLOW | Begin Period Cash Flow | $ 25.4 M |
| Operating Cash Flow | $ 18.6 M | |
| Capital Expenditures | $ -11.10 M | |
| Change In Working Capital | $ -24.63 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -1.65 M | |
| End Period Cash Flow | $ 23.8 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 355.4 M | |
| Forward Revenue | $ 100.2 M | |
| COSTS | ||
| Cost Of Revenue | $ 298.2 M | |
| Depreciation | $ 20.9 M | |
| Depreciation and Amortization | $ 20.9 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 343.5 M | |
| PROFITABILITY | ||
| Gross Profit | $ 57.2 M | |
| EBITDA | $ 32.8 M | |
| EBIT | $ 11.9 M | |
| Operating Income | $ 11.9 M | |
| Interest Income | — | |
| Interest Expense | $ 1.1 M | |
| Net Interest Income | $ -1.06 M | |
| Income Before Tax | $ 10.9 M | |
| Tax Provision | $ -1.77 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ 12.6 M | |
| Net Income From Continuing Operations | $ 12.6 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.62 | |
| EPS Actual | $ 0.66 | |
| EPS Difference | $ 0.04 | |
| EPS Surprise | 6.452 % | |
| Forward EPS | $ 0.68 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.0 B | |
| Intangible Assets | $ 4.7 M | |
| Net Tangible Assets | $ 361.5 M | |
| Total Current Assets | $ 74.9 M | |
| Cash and Short-Term Investments | $ 23.8 M | |
| Cash | $ 23.8 M | |
| Net Receivables | $ 12.3 M | |
| Inventory | $ 13.1 M | |
| Long-Term Investments | $ 48.2 M | |
| LIABILITIES | ||
| Accounts Payable | $ 38.4 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 187.8 M | |
| Net Debt | $ 61.2 M | |
| Total Debt | $ 490.8 M | |
| Total Liabilities | $ 649.3 M | |
| EQUITY | ||
| Total Equity | $ 366.2 M | |
| Retained Earnings | $ 291.2 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 17.34 | |
| Shares Outstanding | 21.114 M | |
| Revenue Per-Share | $ 16.83 | |
| VALUATION | Market Capitalization | $ 862.4 M |
| Enterprise Value | $ 1.3 B | |
| Enterprise Multiple | 40.468 | |
| Enterprise Multiple QoQ | -32.9 % | |
| Enterprise Multiple YoY | -71.035 % | |
| Enterprise Multiple IPRWA | high: 130.17 mean: 83.543 median: 73.484 BJRI: 40.468 low: -2.827 |
|
| EV/R | 3.74 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.773 | |
| Asset To Liability | 1.564 | |
| Debt To Capital | 0.573 | |
| Debt To Assets | 0.483 | |
| Debt To Assets QoQ | -1.379 % | |
| Debt To Assets YoY | 0.505 % | |
| Debt To Assets IPRWA | high: 1.609 median: 0.79 mean: 0.724 BJRI: 0.483 low: 0.019 |
|
| Debt To Equity | 1.34 | |
| Debt To Equity QoQ | -4.69 % | |
| Debt To Equity YoY | -0.945 % | |
| Debt To Equity IPRWA | high: 12.912 BJRI: 1.34 mean: -0.774 median: -1.801 low: -8.585 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.355 | |
| Price To Book QoQ | 19.776 % | |
| Price To Book YoY | 8.153 % | |
| Price To Book IPRWA | high: 26.123 BJRI: 2.355 mean: -2.846 median: -5.751 low: -26.316 |
|
| Price To Earnings (P/E) | 61.883 | |
| Price To Earnings QoQ | -92.495 % | |
| Price To Earnings YoY | -18.063 % | |
| Price To Earnings IPRWA | high: 247.068 mean: 128.336 median: 100.951 BJRI: 61.883 low: -244.749 |
|
| PE/G Ratio | 0.04 | |
| Price To Sales (P/S) | 2.426 | |
| Price To Sales QoQ | 14.391 % | |
| Price To Sales YoY | 3.705 % | |
| Price To Sales IPRWA | high: 31.537 mean: 19.294 median: 16.751 BJRI: 2.426 low: 0.273 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 54.733 | |
| Forward PE/G | 0.035 | |
| Forward P/S | 8.608 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 834.966 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.349 | |
| Asset Turnover Ratio QoQ | 8.164 % | |
| Asset Turnover Ratio YoY | 5.511 % | |
| Asset Turnover Ratio IPRWA | high: 0.603 BJRI: 0.349 mean: 0.201 median: 0.185 low: 0.063 |
|
| Receivables Turnover | 25.038 | |
| Receivables Turnover Ratio QoQ | 28.891 % | |
| Receivables Turnover Ratio YoY | 9.116 % | |
| Receivables Turnover Ratio IPRWA | high: 47.268 BJRI: 25.038 mean: 7.715 median: 2.778 low: 0.996 |
|
| Inventory Turnover | 23.285 | |
| Inventory Turnover Ratio QoQ | 0.66 % | |
| Inventory Turnover Ratio YoY | 2.688 % | |
| Inventory Turnover Ratio IPRWA | high: 56.869 median: 47.627 mean: 31.711 BJRI: 23.285 low: 0.802 |
|
| Days Sales Outstanding (DSO) | 3.644 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | -5.48 | |
| Cash Conversion Cycle Days QoQ | -5.996 % | |
| Cash Conversion Cycle Days YoY | -27.832 % | |
| Cash Conversion Cycle Days IPRWA | high: 84.283 mean: 7.518 median: 2.075 BJRI: -5.48 low: -80.186 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -3.149 | |
| CapEx To Revenue | -0.031 | |
| CapEx To Depreciation | -0.531 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 451.2 M | |
| Net Invested Capital | $ 451.2 M | |
| Invested Capital | $ 451.2 M | |
| Net Tangible Assets | $ 361.5 M | |
| Net Working Capital | $ -112.85 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.127 | |
| Current Ratio | 0.399 | |
| Current Ratio QoQ | 9.447 % | |
| Current Ratio YoY | -1.552 % | |
| Current Ratio IPRWA | high: 2.73 mean: 0.962 median: 0.955 BJRI: 0.399 low: 0.36 |
|
| Quick Ratio | 0.329 | |
| Quick Ratio QoQ | 9.733 % | |
| Quick Ratio YoY | -3.245 % | |
| Quick Ratio IPRWA | high: 2.688 median: 0.941 mean: 0.925 BJRI: 0.329 low: 0.162 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 14.94 | |
| Cost Of Debt | 0.169 % | |
| Interest Coverage Ratio | 11.255 | |
| Interest Coverage Ratio QoQ | 7135.901 % | |
| Interest Coverage Ratio YoY | -277.13 % | |
| Interest Coverage Ratio IPRWA | high: 16.489 BJRI: 11.255 mean: 5.893 median: 5.827 low: -8.807 |
|
| Operating Cash Flow Ratio | 0.16 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 13.17 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.645 % | |
| Revenue Growth | 7.645 % | |
| Revenue Growth QoQ | -178.863 % | |
| Revenue Growth YoY | 33.607 % | |
| Revenue Growth IPRWA | high: 27.02 % BJRI: 7.645 % mean: -0.905 % median: -1.058 % low: -32.161 % |
|
| Earnings Growth | 1550.0 % | |
| Earnings Growth QoQ | -1716.672 % | |
| Earnings Growth YoY | -435.834 % | |
| Earnings Growth IPRWA | BJRI: 1550.0 % high: 256.238 % median: -9.357 % mean: -13.163 % low: -219.355 % |
|
| MARGINS | ||
| Gross Margin | 16.096 % | |
| Gross Margin QoQ | 28.603 % | |
| Gross Margin YoY | 4.798 % | |
| Gross Margin IPRWA | high: 82.469 % mean: 39.964 % median: 33.698 % BJRI: 16.096 % low: -4.539 % |
|
| EBIT Margin | 3.357 % | |
| EBIT Margin QoQ | 5894.643 % | |
| EBIT Margin YoY | -223.601 % | |
| EBIT Margin IPRWA | high: 45.191 % mean: 22.319 % median: 12.099 % BJRI: 3.357 % low: -8.383 % |
|
| Return On Sales (ROS) | 3.345 % | |
| Return On Sales QoQ | -2713.281 % | |
| Return On Sales YoY | -223.159 % | |
| Return On Sales IPRWA | high: 45.049 % mean: 22.693 % median: 14.729 % BJRI: 3.345 % low: -7.947 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 7.5 M | |
| Free Cash Flow Yield | 0.864 % | |
| Free Cash Flow Yield QoQ | 68.093 % | |
| Free Cash Flow Yield YoY | -55.828 % | |
| Free Cash Flow Yield IPRWA | high: 7.195 % mean: 0.884 % BJRI: 0.864 % median: 0.741 % low: -4.042 % |
|
| Free Cash Growth | 106.911 % | |
| Free Cash Growth QoQ | -216.968 % | |
| Free Cash Growth YoY | 0.386 % | |
| Free Cash Growth IPRWA | high: 149.518 % BJRI: 106.911 % mean: -32.784 % median: -39.842 % low: -365.169 % |
|
| Free Cash To Net Income | 0.59 | |
| Cash Flow Margin | 8.453 % | |
| Cash Flow To Earnings | 2.376 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 1.241 % | |
| Return On Assets QoQ | 2657.778 % | |
| Return On Assets YoY | -345.257 % | |
| Return On Assets IPRWA | high: 6.953 % mean: 2.392 % median: 1.778 % BJRI: 1.241 % low: -1.777 % |
|
| Return On Capital Employed (ROCE) | 1.441 % | |
| Return On Equity (ROE) | 0.035 | |
| Return On Equity QoQ | 2535.878 % | |
| Return On Equity YoY | -342.656 % | |
| Return On Equity IPRWA | high: 0.351 BJRI: 0.035 mean: -0.012 median: -0.035 low: -0.363 |
|
| DuPont ROE | 3.5 % | |
| Return On Invested Capital (ROIC) | 2.089 % | |
| Return On Invested Capital QoQ | 6230.303 % | |
| Return On Invested Capital YoY | -234.168 % | |
| Return On Invested Capital IPRWA | high: 18.398 % mean: 6.468 % median: 6.096 % BJRI: 2.089 % low: -5.359 % |
|