Q3 2024 dentalcorp Holdings Ltd Earnings Call Transcript
Key Points
- Dentalcorp Holdings Ltd (DNTCF) reported a strong revenue growth of 11.4% year-over-year for Q3 2024, reaching $375.4 million.
- The company achieved an adjusted EBITDA of $68.9 million, marking a 13.1% increase from the previous year, with an improved EBITDA margin of 18.4%.
- Dentalcorp Holdings Ltd (DNTCF) successfully self-funded its acquisition program for the sixth consecutive quarter, demonstrating strong free cash flow generation.
- The company completed nine acquisitions post-quarter, expected to generate $8.5 million in pro forma adjusted EBITDA, nearing its annual target.
- Dentalcorp Holdings Ltd (DNTCF) has a strategic partnership with VideaHealth to deploy AI technology, enhancing diagnostic accuracy and patient education.
- There is uncertainty regarding the rollout timing of the Canadian Dental Care Plan (CDCP) for the 18 to 64 age cohort, which could cause disruptions.
- The company faces potential headwinds from patient behavior changes as the CDCP expands, possibly affecting appointment scheduling and patient flow.
- Dentalcorp Holdings Ltd (DNTCF) is trading at a 37% discount to its peer group, which may reflect market concerns or undervaluation.
- The Q4 EBITDA margin guidance appears slightly conservative, potentially indicating cautious expectations for the upcoming quarter.
- The company anticipates becoming a taxpayer by the end of 2025, which could impact free cash flow conversion rates.
(Operator Instructions)
Good morning, and welcome to the Dentalcorp third quarter results conference call. (Operator Instructions)
At this time, I would like to turn the call over to Mr. Nate Tchaplia, President and Chief Financial Officer of Dentalcorp. Please go ahead, sir.
Thank you, operator, and good morning everyone. Welcome to the Dentalcorp third quarter results conference call. I'm joined here by Graham Rosenberg, our CEO.
Before we start, we would like to remind you that all amounts discussed on this call are denominated in CAD and unless otherwise indicated.
Please note that statements made during this call may include forward-looking statements and information and future oriented financial information regarding Dentalcorp and its business and disclosure regarding possible events, conditions or results that are based on information currently available to management which indicate management's expectation of future growth, results of
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