OESX - Orion Energy Systems Inc. (OESX) Q3 2024 Earnings Call Transcript
2024-02-07 23:41:06 ET
Orion Energy Systems, Inc. (OESX)
Q3 2024 Earnings Conference Call
February 7, 2024 10:00 AM ET
Company Participants
Bill Jones - Investor Relations
Mike Jenkins - Chief Executive Officer
Per Brodin - Chief Financial Officer
Conference Call Participants
Amit Dayal - H.C. Wainwright
Eric Stine - Craig-Hallum
BJ Cook - Singular Research
Bill Dezellem - Tieton Capital Management
Andrew Shapiro - Lawndale Capital Management
Steve Rudd - Blackwell
Presentation
Operator
Good morning, everyone, and welcome to Orion Energy Systems Fiscal 2024 Third Quarter Conference Call. At this time, all participants are in a listen-only mode.
I would now like to turn the call over to Mr. Bill Jones, Investor Relations.
Bill Jones
Thank you, operator. Good morning, everyone, and thank you for joining today's call. Mike Jenkins, Orion's CEO; and Per Brodin, Orion's CFO, will review the company's third quarter results, financial position and outlook and then we will open the call to investor questions. Today's conference call is being recorded, and a replay will be posted on the Investor Relations section of Orion's website, orionlighting.com.
Remarks that follow and answers to questions include statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include words such as anticipate, believe, expect, project or similar words. Also, any statements that describe future objectives and goals, plans or outlook are also forward-looking. Such forward-looking statements are subject to various risks that could cause actual results to differ materially than currently expected. These risks include, among other matters, that the company has described in its press release issued this morning as well as in its filings with the Securities and Exchange Commission.
Except as described therein, the company disclaims any obligation to update forward-looking statements, which are made as of today's date. Reconciliations of certain non-GAAP financial metrics to GAAP measures are also provided in today's press release. I will now turn the call over to Mr. Mike Jenkins.
Mike Jenkins
Thank you, Bill. Good morning. Thank you all for joining today's call. As previewed last month, Orion's third quarter revenue rose 28%, reflecting an anticipated acceleration in contract activity on large LED lighting projects in the government sector, projects secured through energy service company or ESCO partners and projects with our largest customer. Q3 also saw growth in our electrical maintenance services business, which is benefiting from a new three-year agreement with Orion's largest customer....
Orion Energy Systems, Inc. (OESX) Q3 2024 Earnings Call Transcript