EIFZF - Exchange Income Corporation (EIFZF) Q4 2023 Earnings Call Transcript
2024-02-23 14:30:11 ET
Exchange Income Corporation (EIFZF)
Q4 2023 Earnings Conference Call
February 23, 2024, 08:30 AM ET
Company Participants
Michael Pyle - CEO
Richard Wowryk - CFO
Carmele Peter - President
Kevin Hillier - President of Carson Air
Jake Trainor - CEO of the PAL Group of Companies
Conference Call Participants
James McGarragle - RBC Capital Markets
Steve Hansen - Raymond James
Cameron Doerksen - National Bank Financial
Chris Murray - ATB
Jonathan Lamers - Laurentian Bank
Konark Gupta - Scotiabank
Presentation
Operator
Good morning, everyone. Welcome to the Exchange Income Corporation's Conference Call to Discuss the Financial Results for the three months and 12 months periods ended December 31, 2023. The Corporation's results, including the MD&A and financial statements were issued on February 22, 2024, and are currently available via the company's website or SEDAR.
Before turning the call over to management, listeners are cautioned that today's presentation and the responses to questions may contain forward-looking statements within the meaning of the Safe Harbor provisions of Canadian Provincial Securities Laws. Forward-looking statements involve risks and uncertainties and undue reliance which should not be placed on such statements. Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those implied in such statements.
For additional information about factors that may cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements, please consult the MD&A for this quarter, the Risk Factors section in the Annual Information Form and EIC's other filings with Canadian Securities Regulators. Except as required by Canadian Securities Law, EIC does not undertake to update any forward-looking statements. Such statements speak only as of the date they are made. Listeners are also reminded that today's call is being recorded and broadcast live via the internet for the benefit of individual shareholders, analysts, and other interested parties.
I would now like to turn the call over to CEO of Exchange Income Corporation, Mike Pyle. Please go ahead, sir.
Michael Pyle
Thank you, operator. Good morning, everyone, and thank you for joining us on today's call. Yesterday, we released our fourth quarter and annual results for 2023. In announcing our results, we reported several records for annual and for Q4 amounts. EIC had an incredible year in 2023 and we have set our foundation for the future.
We have set records in virtually all financial metrics. In our public reports, we highlight that 2024 represents 20 years since the first acquisition of Perimeter in May of 2004. Our results demonstrate the success of our strategy. By proven companies with excellent management teams, invest in those companies and nurture their growth. In doing so, we can provide a stable and growing dividend for our shareholders. That strategy has been the blueprint for our success for the past 20 years and is even more relevant today.
The secret sauce is the disciplined nature of our acquisitions and investment in growth capital in our business and operational execution by our underlying subsidiaries. EIC preserves the cultures in our acquired entities and created an environment where their management thrive. Those are going to be common themes throughout today's call.
We have a lot to be proud of. However, in line with our other calls, we will attempt to keep our prepared comments as brief as possible to allow time for questions. With me today is Richard Wowryk our CFO who will speak to our financial results, and Carmele Peter our President who will expand on our outlook for 2024....
Exchange Income Corporation (EIFZF) Q4 2023 Earnings Call Transcript