2023-03-08 03:12:37 ET
- Ag Growth press release ( OTCPK:AGGZF ): Q4
- Revenue of $374.03M (+14.3% Y/Y) beats by $116.7M .
- Adjusted EBITDA increased 14% to $51M on a Y/Y basis
- Adjusted EBITDA margin of 13.6% vs 13.7% on a Y/Y basis.
- Total leverage ratio of 3.7x at December 31, 2022 vs 4.1x at September 30, 2022 and 4.7x at December 31, 2021.
- Outlook: Management expects full year 2023 adjusted EBITDA to be at least $260M, representing continued growth and momentum.
- Backlog is up 10% Y/Y as of December 31, 2022, despite the deferred or cancelled orders as a result of the conflict in Ukraine, and is sitting at record-levels for year-end and near-record levels all-time.
For further details see:
Ag Growth reports Q4 results; initiates FY23 guidance