27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
- Atotech Ltd (NYSE:ATC) reported second-quarter FY21 revenue growth of 44% year-on-year to $376.6 million beating the analyst consensus of $330.9 million.
- Total organic revenue increased 32%. FX was a 9% tailwind, and palladium increased total revenue by 3%. Organic growth in chemistry revenue was 24%.
- Segments and Margins: Electronics revenue increased 33% Y/Y to $248 million. Adjusted EBITDA margin increased by 70 bps to 34.3%.
- General Metal Finishing revenue rose 71% Y/Y to $129 million. Adjusted EBITDA margin increased by nearly 1,300 bps to 25.8%
- Chemistry revenue expanded 36.6% Y/Y to $325.3 million, and Equipment revenue improved 125% Y/Y to $51.3 million.
- Total adjusted EBITDA increased 63% Y/Y to $118 million, reflecting strong chemistry organic volume growth, stable pricing, and FX tailwinds. The margin expanded 370 bps to 31%, reflecting revenue recovery.
- Adjusted EPS of $0.29 beat the analyst consensus of $0.13.
- Atotech held $249.4 million in cash and equivalents. It generated $36.8 million in operating cash flow during the six months ended Jun. 30.
- MKS Instruments Inc (NASDAQ:MKSI) had agreed to acquire Atotech for $5.1 billion. The transaction is likely to complete in the Q4 of 2021.
- Outlook: Atotech raised FY21 organic revenue growth to 13%-14% (prior 11%-13%).
- The company raised the adjusted EBITDA outlook to $435 million - $450 million (prior $415 million - $435 million)
- Price Action: ATC shares traded higher by 2.69% at $24.40 in premarket on the last check Wednesday.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!