The following is a summary of the Dexterra Group Inc. (HZNOF) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Dexterra Group started its 2024 financial year with $231 million in consolidated revenue, a 7% increase from the same quarter last year.

• The company's Adjusted EBITDA amounted to $19.6 million in Q1, showing a decrease compared to Q1 and Q4 of 2023.

• The Infrastructure Services and Facilities Management (IFM) segment reported Q1 revenues of $101.6 million, a 17% increase from the previous year's same period.

• The Western Canada Forestry Services (WAFES) unit remained consistent in revenue with $130.3 million, while adjusted EBITDA showed an increase to $20 million from $18.5 million in Q1 of 2023.

• The company plans to pay down debt with the proceeds from the sale of the modular business.

Business Progress:

• The IFM EBITDA is expected to double in 2024 from its 2022 levels while WAFES is projected to retain its high profitability.

• The company recently expanded its U.S. IFM presence through the acquisition of CMI, an IFM business based in Washington.

• Plans are underway to conclude the sale of the Modular business by early Q3, with an extension of its normal course issuer bid program.

• Dexterra aims to reach over $420 million in fiscal 2024 revenues for the IFM segment and has plans to source actively for IFM acquisitions.

• The company aims to deliver $1 billion in revenue and nearly $100 million in EBITDA in fiscal 2024.

• The company maintains a focus on strategic IFM acquisitions and will continue fire support operations, working as first responders to wildfire outbreaks.

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