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Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

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Equity Bottom-Up

<ul><li>SCS posted 2QFY25 adjusted EPS of $0.39, $0.03 ahead of WTR’s estimate of $0.36 and $0.02 better than consensus of $0.37. GAAP EPS of $0.53 included $0.18 from a gain on the sale of land, net.</li><li>Net revenue was roughly flat at $855.8 million versus the prior year, with the improvement coming largely on the heels of better margins and cost controls.</li><li>Revenue was up in the Americas but demand remains weak in International. </li></ul>

SCS posted 2QFY25 adjusted EPS of $0.39, $0.03 ahead of WTR’s estimate of $0.36 and $0.02 better than consensus of $0.37. GAAP EPS of $0.53 included $0.18 from a gain on the sale of land, net.Net revenue was roughly flat at $855.8 million versus the prior year, with the improvement coming largely on the heels of better margins and cost controls.Revenue was up in the Americas but demand remains weak in International. 

Steelcase, Inc. SCS -  2QFY25 Adj EPS of $0.39 Beats WTR Est of $0.36

Steelcase Inc Cl A

Steelcase, Inc. SCS - 2QFY25 Adj EPS of $0.39 Beats WTR Est of $0.36