The following is a summary of the Badger Infrastructure Solutions Ltd. (BADFF) Q3 2024 Earnings Call Transcript:
Financial Performance:
Badger Infrastructure Solutions Ltd. reported Q3 revenue of $209.4 million, a 7% increase year-over-year, predominantly driven by a 10% revenue growth in their U.S. operations.
Adjusted EBITDA grew by 11% year-over-year, with margins increasing to 27.8% from 26.9% in the previous year.
Adjusted earnings per share were $0.73, up 6% compared to the previous year.
Business Progress:
Despite a slowdown in Canadian markets, U.S. operations continue to show robust growth, especially in the Eastern and Southern regions.
Badger has slowed its rate of truck builds and expects full-year fleet growth at the lower end of its 7% to 10% guidance.
Plans to increase the normal course issuer bid and continue key project wins across North America.
Opportunities:
Prospective improvements in U.S. infrastructure spending and various project commencements pending political clarity from the U.S. elections.
Continued strategic focus on growing in infrastructure, energy, and utility projects.
Risks:
Regional slowdowns in growth, specifically in Canada and parts of the US such as California and Southwest markets.
Potential impacts of political outcomes on project investments and operational strategies.
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
