Q2 2024 Badger Infrastructure Solutions Ltd Earnings Call Transcript
Key Points
- Revenue grew by 9% year-over-year, driven by a 14% increase in US operations.
- Adjusted EBITDA increased by 14%, reflecting improved operating leverage.
- Gross profit margins remained stable at 29.2%, with adjusted EBITDA margins improving to 23.9%.
- The company added a net 114 trucks to its fleet year-over-year, growing the fleet by 8%.
- Badger announced the launch of a new data analytics platform aimed at driving revenue growth and margin improvement.
- Canadian revenues declined by 19% due to delayed project starts and lower market activity.
- Revenue per truck per month (RPT) decreased slightly to $43,161, impacted by the slowdown in the Canadian market.
- Moderation in the rate of truck builds is expected, potentially affecting future growth.
- Gross margin improvements stalled in Q2 despite price increases, due to elevated labor and maintenance costs.
- The company retired 71 units year-to-date, which may indicate higher-than-expected fleet turnover.
Good day, and thank you for standing by. Welcome to the Badger Infrastructure Solutions 2024 second quarter results conference call. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to turn the conference over to your speaker today, Lisa Olarte, Director of Investor Relations and Financial Planning. Ma'am, please go ahead.
Good morning, everyone, and welcome to our second quarter 2024 earnings call. My name is Lisa Olarte, Badger's Director of Investor Relations and Financial Planning. Joining me on the call this morning are Badger's President and CEO, Rob Blackadar and our CFO, Rob Dawson. Badger's 2024 second quarter earnings release, MD&A and financial statements were released after market closed yesterday and are available in the investor section on Badger's website and on CEDAR.
We are required to note that some of the statements made today may contain forward-looking
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
