CA - Rogers Sugar Inc. (RSGUF) Q2 2024 Earnings Call Transcript
2024-05-11 12:35:25 ET
Rogers Sugar Inc. (RSGUF)
Q2 2024 Earnings Conference Call
May 09, 2024, 05:30 PM ET
Company Participants
Mike Walton - President and CEO
Jean-Sébastien Couillard - VP of Finance, CFO
Conference Call Participants
Bahamin Abdolpanah - Scotiabank
Michael Van Aelst - TD Securities
Stephen MacLeod - BMO Capital Markets
Zachary Evershed - National Bank Financial
Presentation
Operator
Good afternoon, ladies and gentlemen, and welcome to the Rogers Sugar Inc. Analyst Call May 9th Conference Call. [Operator Instructions] This call is being recorded on Tuesday, May 9th - sorry, Thursday, May 9th, 2024.
I would now like to turn the conference over to Mike Walton, President and CEO. Please go ahead.
Mike Walton
Thank you, operator. Thank you all for joining us today.
I'll start today with the highlights of our Q2 2024 results and then provide some background on the industry and why we think the sugar business in Canada is a good place to be. Then I will discuss how we are positioning Rogers Sugar for success within the industry and introduce a new framework for assessing our progress before turning it over to JS for a deeper review of our financial results. I'll conclude by discussing our outlook for fiscal 2024 adjusted EBITDA.
Starting with the quarter, this was a busy Q2 here at Rogers Sugar. We reported a new record adjusted EBITDA for the quarter of $38.1 million, surpassing our previous record of $33.5 million. This is the result of favorable sugar market conditions combined with a persistent focus on execution and profitability in both of our Sugar and Maple business segments....
Rogers Sugar Inc. (RSGUF) Q2 2024 Earnings Call Transcript