Recent News
Mar 10, 2026 — Board declared a quarterly dividend of $0.20 per share payable April 9, 2026 to holders of record on March 30, 2026, marking the company’s 337th consecutive quarterly dividend. Feb 8, 2026 — Chief Financial Officer Michael J. Ressler converted 2,597 restricted stock units into common shares and withheld 1,259 shares to satisfy taxes, as reported on an SEC Form 4 filing.
Technical Analysis
Directional indicators show a bullish shift: DI+ registered a dip-and-reverse, indicating renewed buying pressure, while DI- produced a peak-and-reverse, signaling falling downside participation; ADX at 14.36 indicates the move currently lacks trend strength and remains within a low-trend environment.
MACD reads 0.27 with a dip-and-reverse and sits above its signal line at -0.02; that combination indicates a resumption of bullish momentum and a likely short-term positive bias in price momentum.
MRO sits at 15.22 and has dip-and-reverse behavior; the positive MRO indicates price sits above the model target and creates a potential headwind for further upside until momentum confirms continuation.
RSI at 51.45 with a dip-and-reverse points to neutral-to-firm momentum without overbought stress, consistent with a measured bullish stance rather than an acceleration phase.
Price sits above the 200-day average ($42.66) and the 20-day average ($47.50) but just below the 50-day average ($48.57), implying intermediate consolidation above long-term support and near-term resistance around the 50-day band. The Ichimoku components (Senkou A $50.10; Senkou B $49.09) currently place the price under the cloud edge, suggesting nearby overhead resistance toward $49–$50. SuperTrend support near $44.94 provides a defined lower reference for short-term positioning.
Fundamental Analysis
Profitability and margins: EBIT equals $8,583,000 and EBIT margin equals 7.46%. That margin sits below the industry peer mean of 9.38% and below the industry peer median of 10.209%, though well above the industry peer low of -10.124%. QoQ, EBIT margin declined by 5.72% and reported a large YoY contraction in the provided metric; operating margin measured 7.14% and declined QoQ by 6.14%.
Earnings and cash flow: Reported EPS equaled $1.14 versus an estimate of $0.75, producing an EPS surprise of 52%. Forward EPS stands at $1.0575 with a forward PE near 44.0; trailing PE equals 40.59, up 10.26% YoY and up 19.38% QoQ. Free cash flow totaled $21,634,000, delivering a free cash flow yield of 8.74% and a YoY lift in that yield of 75.70%—a meaningful cash generation signal relative to price.
Balance sheet and liquidity: Cash and short-term investments total $57,283,000, current ratio equals 3.44 and quick ratio equals 2.06, each up QoQ and providing ample near-term liquidity. Debt metrics remain conservative: total debt $53,903,000, debt-to-equity 0.29, and interest coverage roughly 452x, reflecting minimal net interest burden and manageable leverage relative to capital employed.
Operational efficiency: Asset turnover sits at 0.397, above the industry peer mean of 0.15266, indicating relatively efficient use of assets to generate revenue. Days inventory outstanding near 87.7 and a cash conversion cycle of 94.34 days improved modestly YoY, supporting working-capital management amid inventory buildup noted by management.
Valuation: Enterprise multiple measures 25.35 and enterprise-to-revenue (EVR) reads 2.12. WMDST values the stock as under-valued, a stance reinforced by an 8.74% free cash flow yield, substantial cash balances, and low leverage—factors that support a valuation gap versus current multiples despite margin compression.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-04-20 |
| NEXT REPORT DATE: | 2026-07-20 |
| CASH FLOW | Begin Period Cash Flow | $ 36.8 M |
| Operating Cash Flow | $ 17.4 M | |
| Capital Expenditures | $ -440.00 K | |
| Change In Working Capital | $ 13.3 M | |
| Dividends Paid | $ -1.08 M | |
| Cash Flow Delta | $ 20.5 M | |
| End Period Cash Flow | $ 57.3 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 115.1 M | |
| Forward Revenue | $ 25.3 M | |
| COSTS | ||
| Cost Of Revenue | $ 89.1 M | |
| Depreciation | $ 1.1 M | |
| Depreciation and Amortization | $ 1.1 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 106.9 M | |
| PROFITABILITY | ||
| Gross Profit | $ 26.0 M | |
| EBITDA | $ 9.6 M | |
| EBIT | $ 8.6 M | |
| Operating Income | $ 8.2 M | |
| Interest Income | — | |
| Interest Expense | — | |
| Net Interest Income | — | |
| Income Before Tax | $ 8.6 M | |
| Tax Provision | $ 2.1 M | |
| Tax Rate | 24.91 % | |
| Net Income | $ 6.4 M | |
| Net Income From Continuing Operations | $ 6.4 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.75 | |
| EPS Actual | $ 1.14 | |
| EPS Difference | $ 0.39 | |
| EPS Surprise | 52.0 % | |
| Forward EPS | $ 1.06 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 290.2 M | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 185.3 M | |
| Total Current Assets | $ 200.5 M | |
| Cash and Short-Term Investments | $ 57.3 M | |
| Cash | $ 57.3 M | |
| Net Receivables | $ 41.5 M | |
| Inventory | $ 80.6 M | |
| Long-Term Investments | $ 6.8 M | |
| LIABILITIES | ||
| Accounts Payable | $ 23.9 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 58.2 M | |
| Net Debt | — | |
| Total Debt | $ 53.9 M | |
| Total Liabilities | $ 104.9 M | |
| EQUITY | ||
| Total Equity | $ 185.3 M | |
| Retained Earnings | $ 207.6 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 34.62 | |
| Shares Outstanding | 5.352 M | |
| Revenue Per-Share | $ 21.51 | |
| VALUATION | Market Capitalization | $ 247.6 M |
| Enterprise Value | $ 244.3 M | |
| Enterprise Multiple | 25.349 | |
| Enterprise Multiple QoQ | 10.843 % | |
| Enterprise Multiple YoY | -139.656 % | |
| Enterprise Multiple IPRWA | high: 65.012 median: 65.012 mean: 53.943 FLXS: 25.349 low: -78.423 |
|
| EV/R | 2.122 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.566 | |
| Asset To Liability | 2.767 | |
| Debt To Capital | 0.225 | |
| Debt To Assets | 0.186 | |
| Debt To Assets QoQ | -3.521 % | |
| Debt To Assets YoY | -19.161 % | |
| Debt To Assets IPRWA | high: 0.36 mean: 0.219 low: 0.198 median: 0.198 FLXS: 0.186 |
|
| Debt To Equity | 0.291 | |
| Debt To Equity QoQ | -6.879 % | |
| Debt To Equity YoY | -24.786 % | |
| Debt To Equity IPRWA | high: 0.88 mean: 0.367 low: 0.339 median: 0.339 FLXS: 0.291 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.336 | |
| Price To Book QoQ | 11.448 % | |
| Price To Book YoY | -3.661 % | |
| Price To Book IPRWA | high: 1.623 median: 1.623 mean: 1.386 FLXS: 1.336 low: 0.792 |
|
| Price To Earnings (P/E) | 40.589 | |
| Price To Earnings QoQ | 19.377 % | |
| Price To Earnings YoY | 10.26 % | |
| Price To Earnings IPRWA | high: 115.815 median: 65.567 mean: 58.315 FLXS: 40.589 low: -29.971 |
|
| PE/G Ratio | -11.973 | |
| Price To Sales (P/S) | 2.151 | |
| Price To Sales QoQ | 18.592 % | |
| Price To Sales YoY | 11.772 % | |
| Price To Sales IPRWA | high: 6.36 median: 6.36 mean: 5.504 FLXS: 2.151 low: 0.755 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 43.996 | |
| Forward PE/G | -12.978 | |
| Forward P/S | 9.798 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 3.105 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.397 | |
| Asset Turnover Ratio QoQ | -4.102 % | |
| Asset Turnover Ratio YoY | -6.421 % | |
| Asset Turnover Ratio IPRWA | high: 0.482 FLXS: 0.397 mean: 0.153 median: 0.148 low: 0.141 |
|
| Receivables Turnover | 2.765 | |
| Receivables Turnover Ratio QoQ | -9.903 % | |
| Receivables Turnover Ratio YoY | -9.324 % | |
| Receivables Turnover Ratio IPRWA | high: 17.29 mean: 5.774 low: 3.305 median: 3.305 FLXS: 2.765 |
|
| Inventory Turnover | 1.014 | |
| Inventory Turnover Ratio QoQ | 0.987 % | |
| Inventory Turnover Ratio YoY | 1.943 % | |
| Inventory Turnover Ratio IPRWA | high: 1.534 FLXS: 1.014 mean: 0.224 low: 0.15 median: 0.15 |
|
| Days Sales Outstanding (DSO) | 33.007 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 94.342 | |
| Cash Conversion Cycle Days QoQ | -2.724 % | |
| Cash Conversion Cycle Days YoY | -7.518 % | |
| Cash Conversion Cycle Days IPRWA | high: 330.93 median: 330.93 mean: 288.045 FLXS: 94.342 low: 64.762 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.809 | |
| CapEx To Revenue | -0.004 | |
| CapEx To Depreciation | -0.418 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 185.3 M | |
| Net Invested Capital | $ 185.3 M | |
| Invested Capital | $ 185.3 M | |
| Net Tangible Assets | $ 185.3 M | |
| Net Working Capital | $ 142.2 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.984 | |
| Current Ratio | 3.443 | |
| Current Ratio QoQ | 14.34 % | |
| Current Ratio YoY | 17.352 % | |
| Current Ratio IPRWA | high: 10.697 mean: 5.985 median: 4.328 FLXS: 3.443 low: 1.609 |
|
| Quick Ratio | 2.059 | |
| Quick Ratio QoQ | 37.93 % | |
| Quick Ratio YoY | 57.815 % | |
| Quick Ratio IPRWA | high: 2.176 FLXS: 2.059 mean: 1.052 low: 0.576 median: 0.576 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 5.594 | |
| Cost Of Debt | 0.024 % | |
| Interest Coverage Ratio | 451.737 | |
| Interest Coverage Ratio QoQ | -8.203 % | |
| Interest Coverage Ratio YoY | -273.114 % | |
| Interest Coverage Ratio IPRWA | FLXS: 451.737 high: 59.619 mean: 7.052 median: 4.485 low: -8.929 |
|
| Operating Cash Flow Ratio | 0.299 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 26.328 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 5.984 | |
| Dividend Payout Ratio | 0.167 | |
| Dividend Rate | $ 0.20 | |
| Dividend Yield | 0.004 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.0 % | |
| Revenue Growth | -2.642 % | |
| Revenue Growth QoQ | -137.359 % | |
| Revenue Growth YoY | -152.213 % | |
| Revenue Growth IPRWA | FLXS: -2.642 % high: -9.391 % mean: -35.368 % low: -37.325 % median: -37.325 % |
|
| Earnings Growth | -3.39 % | |
| Earnings Growth QoQ | -65.84 % | |
| Earnings Growth YoY | -117.892 % | |
| Earnings Growth IPRWA | high: 10.345 % FLXS: -3.39 % median: -52.183 % mean: -65.186 % low: -409.722 % |
|
| MARGINS | ||
| Gross Margin | 22.623 % | |
| Gross Margin QoQ | -0.269 % | |
| Gross Margin YoY | 1.768 % | |
| Gross Margin IPRWA | high: 58.054 % FLXS: 22.623 % median: 22.231 % mean: 21.973 % low: 11.641 % |
|
| EBIT Margin | 7.455 % | |
| EBIT Margin QoQ | -5.716 % | |
| EBIT Margin YoY | -271.379 % | |
| EBIT Margin IPRWA | high: 18.119 % median: 10.209 % mean: 9.38 % FLXS: 7.455 % low: -10.124 % |
|
| Return On Sales (ROS) | 7.142 % | |
| Return On Sales QoQ | -6.137 % | |
| Return On Sales YoY | -264.184 % | |
| Return On Sales IPRWA | high: 18.119 % median: 10.209 % mean: 9.796 % FLXS: 7.142 % low: -0.174 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 21.6 M | |
| Free Cash Flow Yield | 8.736 % | |
| Free Cash Flow Yield QoQ | -2646.939 % | |
| Free Cash Flow Yield YoY | 75.704 % | |
| Free Cash Flow Yield IPRWA | high: 41.72 % FLXS: 8.736 % mean: 0.091 % median: -0.085 % low: -4.859 % |
|
| Free Cash Growth | -3043.401 % | |
| Free Cash Growth QoQ | 2302.83 % | |
| Free Cash Growth YoY | -3539.299 % | |
| Free Cash Growth IPRWA | high: -101.501 % median: -101.501 % mean: -247.037 % FLXS: -3043.401 % low: -3393.574 % |
|
| Free Cash To Net Income | 3.357 | |
| Cash Flow Margin | 15.139 % | |
| Cash Flow To Earnings | 2.704 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 2.221 % | |
| Return On Assets QoQ | -4.432 % | |
| Return On Assets YoY | -259.555 % | |
| Return On Assets IPRWA | high: 6.233 % FLXS: 2.221 % median: 1.457 % mean: 1.228 % low: -1.87 % |
|
| Return On Capital Employed (ROCE) | 3.7 % | |
| Return On Equity (ROE) | 0.035 | |
| Return On Equity QoQ | -6.38 % | |
| Return On Equity YoY | -246.937 % | |
| Return On Equity IPRWA | high: 0.147 FLXS: 0.035 median: 0.025 mean: 0.021 low: -0.032 |
|
| DuPont ROE | 3.539 % | |
| Return On Invested Capital (ROIC) | 3.478 % | |
| Return On Invested Capital QoQ | -6.38 % | |
| Return On Invested Capital YoY | -246.937 % | |
| Return On Invested Capital IPRWA | high: 14.464 % FLXS: 3.478 % median: 1.517 % mean: 1.411 % low: -2.032 % |
|