Andrew Peller Limited (ADWPF) Q4 2024 Earnings Call Transcript
==========
Andrew Peller Limited (ADWPF) held its Q4 2024 Earnings Conference Call on June 19, 2024. The call was led by John Peller, President and CEO, and Paul Dubkowski, CFO. Peller discussed the company's performance over the past year, highlighting the return to historical levels of sales, improved margins, and EBITDA performance. He also mentioned the recent interest rate cut by the Bank of Canada, signaling a new era. Peller reported a solid fourth quarter and fiscal year, with sales revenue slightly up between 1% to 2%. The company saw strong sales performance across all segments and trade channels, with the exception of visitation to their state wineries. Peller also mentioned the impact of the cold temperatures in British Columbia, resulting in widespread bud damage and a less than 5% crop this year. However, the company has implemented government policies to bring in replacement products and expects to manage through the challenge without financial disruption. Peller also discussed the company's real estate in Port Moody and the Ontario retail modernization, expressing optimism and confidence in the opportunities ahead. Dubkowski provided more details on the financial results, including sales growth, margin expansion, and cost savings initiatives. He mentioned ongoing inflationary cost pressures but expressed confidence in the company's cost savings measures and production efficiency programs to positively impact margins in the long term. Dubkowski also discussed sales and admin expenses, EBITDA, interest expense, inventory, and debt levels. The company expects to grow its business significantly in the Ontario market over the next five to 10 years, including in the grocery retail environment, LCBO environment, and through direct-to-consumer and e-commerce trade channels. Peller concluded the call by expressing confidence and optimism for the future, mentioning the company's leadership transition and the potential for M&A opportunities to supplement growth.
#AndrewPellerLimited #Adwpf #Q42024Earnings #FinancialResults
https://seekingalpha.com/article/4700031-andrew-peller-limited-adwpf-q4-2024-earnings-call-transcript
Seeking Alpha /
npub1qpf…damf
2024-06-19 19:13:06
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npub1qpfrthtcf6g8grmwfv45qf28aa4xqk73pgnmwjdfuze8zl2l2cnsewdamfPublished at
2024-06-19 19:13:06Event JSON
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"content": "Andrew Peller Limited (ADWPF) Q4 2024 Earnings Call Transcript\n==========\n\nAndrew Peller Limited (ADWPF) held its Q4 2024 Earnings Conference Call on June 19, 2024. The call was led by John Peller, President and CEO, and Paul Dubkowski, CFO. Peller discussed the company's performance over the past year, highlighting the return to historical levels of sales, improved margins, and EBITDA performance. He also mentioned the recent interest rate cut by the Bank of Canada, signaling a new era. Peller reported a solid fourth quarter and fiscal year, with sales revenue slightly up between 1% to 2%. The company saw strong sales performance across all segments and trade channels, with the exception of visitation to their state wineries. Peller also mentioned the impact of the cold temperatures in British Columbia, resulting in widespread bud damage and a less than 5% crop this year. However, the company has implemented government policies to bring in replacement products and expects to manage through the challenge without financial disruption. Peller also discussed the company's real estate in Port Moody and the Ontario retail modernization, expressing optimism and confidence in the opportunities ahead. Dubkowski provided more details on the financial results, including sales growth, margin expansion, and cost savings initiatives. He mentioned ongoing inflationary cost pressures but expressed confidence in the company's cost savings measures and production efficiency programs to positively impact margins in the long term. Dubkowski also discussed sales and admin expenses, EBITDA, interest expense, inventory, and debt levels. The company expects to grow its business significantly in the Ontario market over the next five to 10 years, including in the grocery retail environment, LCBO environment, and through direct-to-consumer and e-commerce trade channels. Peller concluded the call by expressing confidence and optimism for the future, mentioning the company's leadership transition and the potential for M\u0026A opportunities to supplement growth.\n\n#AndrewPellerLimited #Adwpf #Q42024Earnings #FinancialResults\n\nhttps://seekingalpha.com/article/4700031-andrew-peller-limited-adwpf-q4-2024-earnings-call-transcript",
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