Earnings Call Summary | ACADIAN TIMBER CORP(ACAZF.US) Q4 2023 Earnings Conference
Earnings Call Summary | ACADIAN TIMBER CORP(ACAZF.US) Q4 2023 Earnings Conference
The following is a summary of the Acadian Timber Corp. (ACAZF) Q4 2023 Earnings Call Transcript:
以下是阿卡迪亞木材公司（ACAZF）2023年第四季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Acadian Timber Corp. reported Q4 sales of $23.8 million, with sales volume (excluding biomass) increasing by 4% YoY.
The operating costs and expenses were slightly lower than the previous year at $19.5 million.
Adjusted EBITDA for Q4 was recorded at $4.4 million, a slight increase from the prior year, though net income fell to $11.6 million from $22 million YoY.
The company declared dividends of $5 million and generated free cash flow of $2.8 million in this quarter.
Yearly sales for 2023 was $93.5 million, marking an increase from $90.5 million in 2022.
2023's adjusted EBITDA was $20.6 million and free cash flow was $15 million with declared dividends of $19.8 million to shareholders.
阿卡迪亞木材公司報告第四季度銷售額爲2380萬美元，銷售額（不包括生物質）同比增長4％。
運營成本和支出略低於上一年，爲1,950萬美元。
第四季度調整後的息稅折舊攤銷前利潤爲440萬美元，比上年略有增長，但淨收入從同比2,200萬美元降至1160萬美元。
該公司宣佈派發500萬美元的股息，並在本季度產生了280萬澳元的自由現金流。
2023年的年銷售額爲9,350萬美元，較2022年的9,050萬美元有所增加。
2023年調整後的息稅折舊攤銷前利潤爲2,060萬美元，自由現金流爲1,500萬美元，宣佈向股東派發的股息爲1,980萬美元。
Business Progress:
業務進展：
With improved contractor availability, sales volume in New Brunswick increased by 10%, though decreased volumes were recorded in Maine due to persistent challenges in contractor availability.
The company ended the quarter with a net liquidity position of $14.8 million, and expects cash reserves to be replenished heading into the busiest season.
The company executed a lease agreement for 10,000 acres of its Maine Timberlands for a solar-power project, expected to provide significant cash flows in the future.
The first tranche of carbon credits was sold at strong pricing and registration for future tranches is underway.
Strategies to increase harvesting capacity are ongoing, with principal emphasis on Maine in 2024.
The company remains vigilant about the impacts of inflation but retains a positive outlook on the stability of primary forest product pricing.
Growth in both Maine and New Brunswick operations remains a core focus for Acadian in 2024.
隨着承包商可用性的提高，新不倫瑞克省的銷售量增長了10％，儘管由於承包商可用性持續面臨挑戰，緬因州的銷量有所下降。
該公司在本季度末的淨流動性頭寸爲1,480萬美元，並預計將在進入最繁忙的季節之前補充現金儲備。
該公司爲其緬因州林地的10,000英畝太陽能項目簽訂了租賃協議，預計該項目將在未來提供可觀的現金流。
第一批碳信用額度以強勁的價格出售，未來一批碳信用額度的註冊正在進行中。
提高收穫能力的戰略正在進行中，2024年的主要重點是緬因州。
該公司對通貨膨脹的影響保持警惕，但對初級林業產品定價的穩定性仍持樂觀態度。
緬因州和新不倫瑞克省業務的增長仍然是Acadian在2024年的核心重點。
More details: ACADIAN TIMBER CORP IR
更多詳情： 阿卡迪亞木材公司
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