Recent News
On August 17, 2026 the board declared a quarterly cash dividend of $0.17 per share, payable September 15, 2026 to shareholders of record September 1, 2026.
Technical Analysis
ADX / DI+/DI-: ADX at 16.04 indicates no strong trend; DI+ at 20.30 trending lower signals bearish directional pressure, while DI- peaking and reversing at 21.83 signals a return of downside pressure ebbing (DI- peak & reversal reads as DI- decreasing). Together these DI actions reduce short-term directional conviction and favor range maintenance rather than a sustained breakout.
MACD: MACD sits negative at -0.15 and trends downward while the signal line rests at 0.33; negative and declining MACD under its signal line denotes bearish momentum and weak near-term upside impulse.
MRO (Momentum/Regression Oscillator): MRO reads 20.34 with a dip & reversal; the positive MRO level implies price currently sits above the calculated target and faces potential mean reversion pressure despite a recent reversal in momentum.
RSI: RSI at 53.81 and decreasing shows neutral momentum trending softer; this level supports the view of limited immediate directional follow-through and favors consolidation near current prices.
Price vs Moving Averages & Bands: Last close $43.75 sits below short-term EMAs and the 20-day average (12-day EMA $44.86 decreasing; 26-day EMA $45.20; 20-day avg $45.21; 50-day avg $44.30) but above the 200-day average ($38.09). Price trades near the lower 1x Bollinger band ($43.99), implying proximity to short-term lower volatility bounds and scope for mean-reversion absent fresh selling pressure.
Fundamental Analysis
Earnings & Per-Share Metrics: Reported EPS $1.90 versus an estimate of $0.35 produced an EPS beat of $1.55, equal to a 442.86% surprise. Forward EPS equals $1.05 with a forward P/E near 36.75, while the reported trailing P/E sits at 20.78; the EPS surprise materially outperformed consensus expectations as released in the company’s second-quarter disclosure on July 28, 2026.
Profitability: Operating (EBIT) margin stands at 16.63%, up 4.69% quarter-over-quarter and up 1.45% year-over-year; this operating margin exceeds the industry peer mean of 10.80% (industry peer mean operating margin = 10.799%). EBIT equals $19,685,000 and EBITDA equals $22,105,000, underscoring solid core profitability relative to historical levels.
Liquidity & Working Capital: Current ratio 2.97 and quick ratio 1.12 indicate ample near-term liquidity; cash and short-term investments total $2,627,000. Cash conversion cycle 192.06 days remains elevated versus the industry peer mean of 106.18 days, reflecting inventory and receivable durations that tie up working capital.
Balance Sheet & Leverage: Total debt $130,010,000 with net debt $119,764,000 yields debt-to-equity 0.493 and debt-to-EBITDA 5.88; interest coverage near 9.87 provides substantial cushion for interest obligations. Return on equity measures 5.27% and return on assets 2.87%, both positive and improving on a quarterly basis.
Cash Flow & Valuation Metrics: Operating cash flow $7,825,000 and free cash flow $4,141,000 produce a free-cash-flow yield of 1.40%. Market cap $295,627,868 with enterprise value $423,010,868 yields an enterprise multiple near 19.14 and EV/Revenue (EVR) approx 3.57. Price-to-book 1.12 and price-to-sales 2.50 present compact valuation metrics; WMDST values the stock as under-valued based on the current combination of margin expansion and conservative market multiples.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-06-30 |
| REPORT DATE: | 2026-07-28 |
| NEXT REPORT DATE: | 2026-10-27 |
| CASH FLOW | Begin Period Cash Flow | $ 1.7 M |
| Operating Cash Flow | $ 7.8 M | |
| Capital Expenditures | $ -3.68 M | |
| Change In Working Capital | $ -10.96 M | |
| Dividends Paid | $ -1.27 M | |
| Cash Flow Delta | $ 960.0 K | |
| End Period Cash Flow | $ 2.6 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 118.4 M | |
| Forward Revenue | $ 16.8 M | |
| COSTS | ||
| Cost Of Revenue | $ 57.6 M | |
| Depreciation | $ 2.4 M | |
| Depreciation and Amortization | $ 2.4 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 98.7 M | |
| PROFITABILITY | ||
| Gross Profit | $ 60.8 M | |
| EBITDA | $ 22.1 M | |
| EBIT | $ 19.7 M | |
| Operating Income | $ 19.7 M | |
| Interest Income | — | |
| Interest Expense | $ 2.0 M | |
| Net Interest Income | $ -2.00 M | |
| Income Before Tax | $ 17.7 M | |
| Tax Provision | $ 3.8 M | |
| Tax Rate | 21.5 % | |
| Net Income | $ 13.9 M | |
| Net Income From Continuing Operations | $ 13.9 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.35 | |
| EPS Actual | $ 1.90 | |
| EPS Difference | $ 1.55 | |
| EPS Surprise | 442.857 % | |
| Forward EPS | $ 1.05 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 489.9 M | |
| Intangible Assets | $ 149.5 M | |
| Net Tangible Assets | $ 114.1 M | |
| Total Current Assets | $ 278.6 M | |
| Cash and Short-Term Investments | $ 2.6 M | |
| Cash | $ 2.6 M | |
| Net Receivables | $ 76.9 M | |
| Inventory | $ 173.5 M | |
| Long-Term Investments | $ 1.9 M | |
| LIABILITIES | ||
| Accounts Payable | $ 58.7 M | |
| Short-Term Debt | $ 8.4 M | |
| Total Current Liabilities | $ 93.9 M | |
| Net Debt | $ 119.8 M | |
| Total Debt | $ 130.0 M | |
| Total Liabilities | $ 226.3 M | |
| EQUITY | ||
| Total Equity | $ 263.6 M | |
| Retained Earnings | $ 188.7 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 35.21 | |
| Shares Outstanding | 7.488 M | |
| Revenue Per-Share | $ 15.81 | |
| VALUATION | Market Capitalization | $ 295.6 M |
| Enterprise Value | $ 423.0 M | |
| Enterprise Multiple | 19.136 | |
| Enterprise Multiple QoQ | -72.502 % | |
| Enterprise Multiple YoY | -42.341 % | |
| Enterprise Multiple IPRWA | high: 72.217 mean: 49.999 median: 46.187 RCKY: 19.136 low: -93.537 |
|
| EV/R | 3.574 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.858 | |
| Asset To Liability | 2.165 | |
| Debt To Capital | 0.33 | |
| Debt To Assets | 0.265 | |
| Debt To Assets QoQ | -2.941 % | |
| Debt To Assets YoY | -7.19 % | |
| Debt To Assets IPRWA | high: 0.59 mean: 0.292 median: 0.287 RCKY: 0.265 low: 0.029 |
|
| Debt To Equity | 0.493 | |
| Debt To Equity QoQ | -4.547 % | |
| Debt To Equity YoY | -12.466 % | |
| Debt To Equity IPRWA | high: 2.807 mean: 0.803 median: 0.742 RCKY: 0.493 low: 0.036 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.121 | |
| Price To Book QoQ | -4.567 % | |
| Price To Book YoY | 43.609 % | |
| Price To Book IPRWA | high: 6.264 median: 4.569 mean: 4.146 RCKY: 1.121 low: 0.691 |
|
| Price To Earnings (P/E) | 20.779 | |
| Price To Earnings QoQ | -87.334 % | |
| Price To Earnings YoY | -47.921 % | |
| Price To Earnings IPRWA | high: 148.476 mean: 64.495 median: 63.589 RCKY: 20.779 low: -144.35 |
|
| PE/G Ratio | 0.03 | |
| Price To Sales (P/S) | 2.498 | |
| Price To Sales QoQ | 4.701 % | |
| Price To Sales YoY | 41.347 % | |
| Price To Sales IPRWA | high: 14.142 mean: 6.764 median: 6.19 RCKY: 2.498 low: 0.634 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 36.753 | |
| Forward PE/G | 0.053 | |
| Forward P/S | 17.638 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -91.046 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.245 | |
| Asset Turnover Ratio QoQ | -6.07 % | |
| Asset Turnover Ratio YoY | 8.815 % | |
| Asset Turnover Ratio IPRWA | high: 0.351 median: 0.291 mean: 0.264 RCKY: 0.245 low: 0.069 |
|
| Receivables Turnover | 1.494 | |
| Receivables Turnover Ratio QoQ | -4.749 % | |
| Receivables Turnover Ratio YoY | -0.446 % | |
| Receivables Turnover Ratio IPRWA | high: 9.721 mean: 2.156 median: 1.942 RCKY: 1.494 low: 1.105 |
|
| Inventory Turnover | 0.333 | |
| Inventory Turnover Ratio QoQ | -25.502 % | |
| Inventory Turnover Ratio YoY | -3.387 % | |
| Inventory Turnover Ratio IPRWA | high: 0.942 median: 0.744 mean: 0.66 RCKY: 0.333 low: 0.102 |
|
| Days Sales Outstanding (DSO) | 61.087 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 192.06 | |
| Cash Conversion Cycle Days QoQ | 0.144 % | |
| Cash Conversion Cycle Days YoY | -13.32 % | |
| Cash Conversion Cycle Days IPRWA | high: 302.025 RCKY: 192.06 mean: 106.184 median: 104.451 low: 48.857 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.641 | |
| CapEx To Revenue | -0.031 | |
| CapEx To Depreciation | -1.522 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 377.7 M | |
| Net Invested Capital | $ 386.0 M | |
| Invested Capital | $ 386.0 M | |
| Net Tangible Assets | $ 114.1 M | |
| Net Working Capital | $ 184.8 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.028 | |
| Current Ratio | 2.968 | |
| Current Ratio QoQ | 2.291 % | |
| Current Ratio YoY | 7.594 % | |
| Current Ratio IPRWA | high: 4.563 RCKY: 2.968 mean: 2.05 median: 1.961 low: 1.033 |
|
| Quick Ratio | 1.12 | |
| Quick Ratio QoQ | 9.359 % | |
| Quick Ratio YoY | 42.189 % | |
| Quick Ratio IPRWA | high: 2.948 median: 1.363 mean: 1.33 RCKY: 1.12 low: 0.344 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 5.881 | |
| Cost Of Debt | 1.242 % | |
| Interest Coverage Ratio | 9.867 | |
| Interest Coverage Ratio QoQ | 452.127 % | |
| Interest Coverage Ratio YoY | 247.336 % | |
| Interest Coverage Ratio IPRWA | high: 698.648 RCKY: 9.867 mean: 7.92 low: -19.567 median: -19.567 |
|
| Operating Cash Flow Ratio | 0.193 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 69.031 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 10.913 | |
| Dividend Payout Ratio | 0.092 | |
| Dividend Rate | $ 0.17 | |
| Dividend Yield | 0.004 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 2.665 % | |
| Revenue Growth | -4.85 % | |
| Revenue Growth QoQ | -55.756 % | |
| Revenue Growth YoY | -34.335 % | |
| Revenue Growth IPRWA | high: 35.725 % median: -2.722 % RCKY: -4.85 % mean: -7.359 % low: -73.77 % |
|
| Earnings Growth | 691.667 % | |
| Earnings Growth QoQ | -1028.811 % | |
| Earnings Growth YoY | -2905.041 % | |
| Earnings Growth IPRWA | RCKY: 691.667 % high: 197.674 % median: 105.714 % mean: 51.18 % low: -337.037 % |
|
| MARGINS | ||
| Gross Margin | 51.369 % | |
| Gross Margin QoQ | 40.652 % | |
| Gross Margin YoY | 25.388 % | |
| Gross Margin IPRWA | high: 70.374 % RCKY: 51.369 % mean: 50.929 % median: 49.152 % low: 23.999 % |
|
| EBIT Margin | 16.63 % | |
| EBIT Margin QoQ | 469.131 % | |
| EBIT Margin YoY | 145.497 % | |
| EBIT Margin IPRWA | high: 29.88 % RCKY: 16.63 % median: 11.949 % mean: 10.799 % low: -8.344 % |
|
| Return On Sales (ROS) | 16.63 % | |
| Return On Sales QoQ | 469.131 % | |
| Return On Sales YoY | 145.497 % | |
| Return On Sales IPRWA | high: 27.356 % RCKY: 16.63 % median: 11.949 % mean: 11.048 % low: -8.344 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 4.1 M | |
| Free Cash Flow Yield | 1.401 % | |
| Free Cash Flow Yield QoQ | 458.167 % | |
| Free Cash Flow Yield YoY | -210.839 % | |
| Free Cash Flow Yield IPRWA | high: 17.303 % median: 2.207 % mean: 1.455 % RCKY: 1.401 % low: -34.389 % |
|
| Free Cash Growth | 456.586 % | |
| Free Cash Growth QoQ | -577.85 % | |
| Free Cash Growth YoY | -183.634 % | |
| Free Cash Growth IPRWA | high: 478.186 % RCKY: 456.586 % median: 427.817 % mean: 165.939 % low: -420.21 % |
|
| Free Cash To Net Income | 0.298 | |
| Cash Flow Margin | 15.325 % | |
| Cash Flow To Earnings | 1.307 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 2.871 % | |
| Return On Assets QoQ | 987.5 % | |
| Return On Assets YoY | 273.828 % | |
| Return On Assets IPRWA | high: 4.385 % RCKY: 2.871 % median: 2.833 % mean: 2.1 % low: -5.271 % |
|
| Return On Capital Employed (ROCE) | 4.97 % | |
| Return On Equity (ROE) | 0.053 | |
| Return On Equity QoQ | 955.11 % | |
| Return On Equity YoY | 248.907 % | |
| Return On Equity IPRWA | high: 0.072 median: 0.056 RCKY: 0.053 mean: 0.045 low: -0.173 |
|
| DuPont ROE | 5.378 % | |
| Return On Invested Capital (ROIC) | 4.001 % | |
| Return On Invested Capital QoQ | 424.377 % | |
| Return On Invested Capital YoY | 167.089 % | |
| Return On Invested Capital IPRWA | high: 5.721 % median: 4.624 % RCKY: 4.001 % mean: 3.727 % low: -8.613 % |
|