Recent News
On November 4, 2025 the company entered into a definitive agreement to sell its Aerospace segment for approximately $1.45 billion in cash, with funds managed by Blackstone as a minority investor and an expected close by the end of Q1 2026.
On November 14, 2025 the Board increased the common stock repurchase authorization to up to $150 million, adding to $65.4 million remaining under the prior plan.
On October 23, 2025 the company declared a quarterly cash dividend of $0.04 per share, payable November 13, 2025 to shareholders of record as of November 6, 2025.
Technical Analysis
Directional indicators (ADX / DI+ / DI-): ADX at 20.02 signals an emerging trend; DI+ rose to 23.18 while DI- decreased to 13.23, which points to bullish directional momentum that supports a valuation re-rating tied to the announced portfolio move.
MACD: MACD at 0.44 increased above its 0.15 signal line, which constitutes a bullish momentum crossover and reinforces the case for continued near-term upside pressure on price.
MRO (Momentum/Regression Oscillator): MRO sits at 27.21 and is increasing, indicating the market price currently sits above the model target and therefore carries a risk of mean reversion that could produce short-lived pullbacks despite bullish momentum.
RSI: RSI at 52.11 and rising reflects mild bullish momentum without overbought conditions, supporting potential continuation toward consensus price expectations while leaving room for consolidation.
Price vs. moving averages and support: Last close $35.94 sits above the 20-day average $34.79, the 50-day average $34.40, and the 200-day average $31.19; the 12-day EMA is increasing. Bollinger bands place current price nearer the upper band, and the SuperTrend lower support lies at $33.99—these levels anchor near-term support and context for any pullbacks.
Fundamental Analysis
Profitability and margins: EBIT of $16,490,000 yields an EBIT margin of 6.12%, which stands well below the industry peer mean of 24.735% and the industry peer median of 29.14%. QoQ the EBIT margin fell by 37.45%, while YoY it improved by 70.25%, indicating volatile margin dynamics tied to recent operational changes including portfolio activity.
Revenue and growth: Total revenue totaled $269,260,000. Reported revenue growth measures show a 2.00% decline on the trailing figure and a YoY decline of 56.78%; QoQ revenue change shows a large negative move of 114.62%, reflecting timing or divestiture-related comparability effects that will shift materially once the Aerospace sale closes.
Earnings per share and cash generation: Reported EPS $0.61 beat the $0.56 estimate by $0.05, amounting to an 8.93% EPS surprise. Operating cash flow $36,490,000 and free cash flow $22,820,000 produce a free cash flow yield of 1.54%, modestly above the industry peer mean of 1.316%, supporting buyback flexibility and the declared dividend.
Leverage and coverage: Total debt $454,930,000 and net debt $373,430,000 produce a debt-to-EBITDA multiple of 14.67 and a debt-to-assets ratio of 31.73%. Interest coverage at 3.77x sits below the industry peer mean of 8.56x, indicating elevated leverage metrics relative to peers even as the pending Aerospace sale will materially reduce balance-sheet risk upon closing.
Working capital and efficiency: Cash conversion cycle measures 122.93 days, markedly longer than the industry peer mean of 43.60 days, which implies higher working capital intensity and slower cash conversion that investors should monitor during the post-divestiture transition.
Returns: Return on equity at 1.28% and return on assets at 0.65% trail industry peer means, reflecting currently muted profitability despite improving margins YoY.
Valuation summary: Market multiples show a trailing P/E near 59.97 (forward P/E ~71.95) and a P/B of 2.05, which sits below the industry peer mean P/B of 4.28 and below the industry peer median of 2.80. Free cash flow yield slightly exceeds the industry peer mean. WMDST values the stock as under-valued, a view driven by the announced Aerospace sale’s cash proceeds, increased share-repurchase authorization, modest free cash flow generation, and multiples that sit below peer averages despite currently compressed margins and elevated leverage.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-10-28 |
| NEXT REPORT DATE: | 2026-01-27 |
| CASH FLOW | Begin Period Cash Flow | $ 30.3 M |
| Operating Cash Flow | $ 36.5 M | |
| Capital Expenditures | $ -13.67 M | |
| Change In Working Capital | $ 230.0 K | |
| Dividends Paid | $ -1.67 M | |
| Cash Flow Delta | $ 3.4 M | |
| End Period Cash Flow | $ 33.6 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 269.3 M | |
| Forward Revenue | $ 89.6 M | |
| COSTS | ||
| Cost Of Revenue | $ 203.3 M | |
| Depreciation | $ 10.1 M | |
| Depreciation and Amortization | $ 14.5 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 252.5 M | |
| PROFITABILITY | ||
| Gross Profit | $ 65.9 M | |
| EBITDA | $ 31.0 M | |
| EBIT | $ 16.5 M | |
| Operating Income | $ 16.7 M | |
| Interest Income | — | |
| Interest Expense | $ 4.4 M | |
| Net Interest Income | $ -4.37 M | |
| Income Before Tax | $ 12.1 M | |
| Tax Provision | $ 2.8 M | |
| Tax Rate | 23.3 % | |
| Net Income | $ 9.3 M | |
| Net Income From Continuing Operations | $ 9.3 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.56 | |
| EPS Actual | $ 0.61 | |
| EPS Difference | $ 0.05 | |
| EPS Surprise | 8.929 % | |
| Forward EPS | $ 0.30 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.4 B | |
| Intangible Assets | $ 545.4 M | |
| Net Tangible Assets | $ 179.7 M | |
| Total Current Assets | $ 483.2 M | |
| Cash and Short-Term Investments | $ 33.6 M | |
| Cash | $ 33.6 M | |
| Net Receivables | $ 192.1 M | |
| Inventory | $ 227.2 M | |
| Long-Term Investments | $ 12.2 M | |
| LIABILITIES | ||
| Accounts Payable | $ 90.3 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 180.1 M | |
| Net Debt | $ 373.4 M | |
| Total Debt | $ 454.9 M | |
| Total Liabilities | $ 708.8 M | |
| EQUITY | ||
| Total Equity | $ 725.0 M | |
| Retained Earnings | $ 55.1 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 17.84 | |
| Shares Outstanding | 40.642 M | |
| Revenue Per-Share | $ 6.63 | |
| VALUATION | Market Capitalization | $ 1.5 B |
| Enterprise Value | $ 1.9 B | |
| Enterprise Multiple | 61.53 | |
| Enterprise Multiple QoQ | 42.855 % | |
| Enterprise Multiple YoY | 34.457 % | |
| Enterprise Multiple IPRWA | high: 86.898 median: 79.407 mean: 74.809 TRS: 61.53 low: -22.012 |
|
| EV/R | 7.086 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.978 | |
| Asset To Liability | 2.023 | |
| Debt To Capital | 0.386 | |
| Debt To Assets | 0.317 | |
| Debt To Assets QoQ | -3.419 % | |
| Debt To Assets YoY | -4.935 % | |
| Debt To Assets IPRWA | high: 0.574 TRS: 0.317 mean: 0.312 median: 0.273 low: 0.031 |
|
| Debt To Equity | 0.627 | |
| Debt To Equity QoQ | -5.477 % | |
| Debt To Equity YoY | 522783.333 % | |
| Debt To Equity IPRWA | high: 1.731 mean: 0.662 TRS: 0.627 median: 0.473 low: 0.09 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 2.051 | |
| Price To Book QoQ | 10.063 % | |
| Price To Book YoY | 33.095 % | |
| Price To Book IPRWA | high: 9.109 mean: 4.285 median: 2.796 TRS: 2.051 low: 0.607 |
|
| Price To Earnings (P/E) | 59.969 | |
| Price To Earnings QoQ | 32.021 % | |
| Price To Earnings YoY | -0.561 % | |
| Price To Earnings IPRWA | high: 109.942 median: 101.067 mean: 94.149 TRS: 59.969 low: 25.728 |
|
| PE/G Ratio | — | |
| Price To Sales (P/S) | 5.522 | |
| Price To Sales QoQ | 13.846 % | |
| Price To Sales YoY | 20.396 % | |
| Price To Sales IPRWA | high: 27.708 median: 27.708 mean: 21.349 TRS: 5.522 low: 0.403 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 71.946 | |
| Forward PE/G | — | |
| Forward P/S | 10.21 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 19.333 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.187 | |
| Asset Turnover Ratio QoQ | -3.369 % | |
| Asset Turnover Ratio YoY | 11.46 % | |
| Asset Turnover Ratio IPRWA | high: 0.192 TRS: 0.187 mean: 0.102 low: 0.06 median: 0.06 |
|
| Receivables Turnover | 1.36 | |
| Receivables Turnover Ratio QoQ | -4.037 % | |
| Receivables Turnover Ratio YoY | -1.262 % | |
| Receivables Turnover Ratio IPRWA | high: 2.289 median: 2.268 mean: 1.874 TRS: 1.36 low: 0.988 |
|
| Inventory Turnover | 0.916 | |
| Inventory Turnover Ratio QoQ | -2.682 % | |
| Inventory Turnover Ratio YoY | 8.891 % | |
| Inventory Turnover Ratio IPRWA | high: 1.937 median: 1.674 mean: 1.35 TRS: 0.916 low: 0.821 |
|
| Days Sales Outstanding (DSO) | 67.072 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 122.935 | |
| Cash Conversion Cycle Days QoQ | -1.717 % | |
| Cash Conversion Cycle Days YoY | -3.69 % | |
| Cash Conversion Cycle Days IPRWA | TRS: 122.935 high: 115.459 mean: 43.602 median: 36.128 low: 10.63 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.888 | |
| CapEx To Revenue | -0.051 | |
| CapEx To Depreciation | -1.351 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.1 B | |
| Net Invested Capital | $ 1.1 B | |
| Invested Capital | $ 1.1 B | |
| Net Tangible Assets | $ 179.7 M | |
| Net Working Capital | $ 303.1 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.187 | |
| Current Ratio | 2.683 | |
| Current Ratio QoQ | 3.537 % | |
| Current Ratio YoY | -5.098 % | |
| Current Ratio IPRWA | high: 3.06 TRS: 2.683 mean: 0.918 low: 0.577 median: 0.577 |
|
| Quick Ratio | 1.421 | |
| Quick Ratio QoQ | -1.45 % | |
| Quick Ratio YoY | -1.172 % | |
| Quick Ratio IPRWA | high: 2.177 TRS: 1.421 mean: 0.803 low: 0.532 median: 0.532 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 14.67 | |
| Cost Of Debt | 0.721 % | |
| Interest Coverage Ratio | 3.773 | |
| Interest Coverage Ratio QoQ | -36.174 % | |
| Interest Coverage Ratio YoY | 122.291 % | |
| Interest Coverage Ratio IPRWA | high: 15.571 mean: 8.558 median: 6.554 TRS: 3.773 low: 1.257 |
|
| Operating Cash Flow Ratio | 0.071 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 42.959 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 5.569 | |
| Dividend Payout Ratio | 0.18 | |
| Dividend Rate | $ 0.04 | |
| Dividend Yield | 0.001 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.797 % | |
| Revenue Growth | -2.002 % | |
| Revenue Growth QoQ | -114.622 % | |
| Revenue Growth YoY | -56.779 % | |
| Revenue Growth IPRWA | high: 12.28 % median: 3.802 % TRS: -2.002 % mean: -2.414 % low: -32.374 % |
|
| Earnings Growth | 0.0 % | |
| Earnings Growth QoQ | -100.0 % | |
| Earnings Growth YoY | — | |
| Earnings Growth IPRWA | high: 117.857 % mean: 22.118 % median: 5.544 % TRS: 0.0 % low: -1.266 % |
|
| MARGINS | ||
| Gross Margin | 24.478 % | |
| Gross Margin QoQ | -3.535 % | |
| Gross Margin YoY | 8.593 % | |
| Gross Margin IPRWA | high: 69.542 % median: 69.542 % mean: 62.137 % TRS: 24.478 % low: -19.102 % |
|
| EBIT Margin | 6.124 % | |
| EBIT Margin QoQ | -37.446 % | |
| EBIT Margin YoY | 70.253 % | |
| EBIT Margin IPRWA | high: 29.14 % median: 29.14 % mean: 24.735 % low: 9.194 % TRS: 6.124 % |
|
| Return On Sales (ROS) | 6.217 % | |
| Return On Sales QoQ | -37.081 % | |
| Return On Sales YoY | 72.838 % | |
| Return On Sales IPRWA | high: 28.401 % median: 28.401 % mean: 23.123 % TRS: 6.217 % low: -43.342 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 22.8 M | |
| Free Cash Flow Yield | 1.535 % | |
| Free Cash Flow Yield QoQ | 54.894 % | |
| Free Cash Flow Yield YoY | 58.903 % | |
| Free Cash Flow Yield IPRWA | high: 6.499 % TRS: 1.535 % median: 1.506 % mean: 1.316 % low: 0.978 % |
|
| Free Cash Growth | 72.748 % | |
| Free Cash Growth QoQ | -116.085 % | |
| Free Cash Growth YoY | 105.115 % | |
| Free Cash Growth IPRWA | high: 125.589 % median: 125.589 % TRS: 72.748 % mean: 49.935 % low: -670.508 % |
|
| Free Cash To Net Income | 2.454 | |
| Cash Flow Margin | 4.776 % | |
| Cash Flow To Earnings | 1.383 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 0.646 % | |
| Return On Assets QoQ | -45.161 % | |
| Return On Assets YoY | 249.189 % | |
| Return On Assets IPRWA | high: 3.274 % mean: 1.607 % median: 1.175 % TRS: 0.646 % low: -0.016 % |
|
| Return On Capital Employed (ROCE) | 1.315 % | |
| Return On Equity (ROE) | 0.013 | |
| Return On Equity QoQ | -45.124 % | |
| Return On Equity YoY | 245.822 % | |
| Return On Equity IPRWA | high: 0.084 mean: 0.034 median: 0.02 TRS: 0.013 low: -0.132 |
|
| DuPont ROE | 1.291 % | |
| Return On Invested Capital (ROIC) | 1.117 % | |
| Return On Invested Capital QoQ | -36.75 % | |
| Return On Invested Capital YoY | -104.869 % | |
| Return On Invested Capital IPRWA | high: 6.344 % mean: 2.44 % median: 1.597 % TRS: 1.117 % low: 1.099 % |
|