Earnings Call Summary | CHEMTRADE LOGISTICS INCOME FUND(CGIFF.US) Q1 2024 Earnings Conference
Earnings Call Summary | CHEMTRADE LOGISTICS INCOME FUND(CGIFF.US) Q1 2024 Earnings Conference
The following is a summary of the Chemtrade Logistics Income Fund (CGIFF) Q1 2024 Earnings Call Transcript:
以下是化學貿易物流收益基金（CGIFF）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Chemtrade Logistics reported a Q1 2024 revenue of $230.6 million in the Sulphur and Water Chemicals segment, a decrease of 12% YoY.
EBITDA for the SWC segment was $51.4 million, a decrease of 7% over last year.
Revenue for the Electrochemical segment for Q1 was $187.6 million, a decrease of 10% YoY and EBITDA declined 17% compared to Q1 2023.
The company's net debt to adjusted EBITDA ratio improved to 1.9x from 2.2x at the end of Q1 2023.
Chemtrade Logistics expects 2024 EBITDA to be at the higher end of guidance range of between $395 million and $435 million.
Chemtrade Logistics報告稱，硫磺和水化學品板塊2024年第一季度收入爲2.306億美元，同比下降12％。
SWC板塊的息稅折舊攤銷前利潤爲5,140萬美元，比去年下降7％。
與2023年第一季度相比，第一季度電化學板塊的收入爲1.876億美元，同比下降10％，息稅折舊攤銷前利潤下降了17％。
該公司的淨負債與調整後的息稅折舊攤銷前利潤比率從2023年第一季度末的2.2倍提高至1.9倍。
Chemtrade Logistics預計，2024年的息稅折舊攤銷前利潤將處於3.95億美元至4.35億美元的指導區間的較高水平。
Business Progress:
業務進展：
Improvement in margins in the Water Chemicals segment due to increased selling prices.
Maintenance activity in sodium nitrite resulted in improvements beginning in Q1 2024.
Initiation of a normal course issuer bid to return capital to unitholders.
Chemtrade is considering retiring convertible debentures maturing next year and assessing potential acquisitions.
Plan to allocate $60 - $90 million to growth capital expenditures in 2024.
Slight reduction in netback per tonne but showing improvement over the year.
Focused on organic growth and strategic acquisitions with the addition of a specialty product line at the Augusta facility and proposed approval for a buyback of up to 10% of their float.
A JV related to a greenfield site is being considered, assessing demand to fill the proposed 100,000-ton capacity at Cairo.
由於銷售價格上漲，水化學品板塊的利潤率有所提高。
亞硝酸鈉的維護活動使亞硝酸鈉從 2024 年第一季度開始有所改善。
發起正常的股票發行人競標向單位持有人返還資本。
Chemtrade正在考慮退還將於明年到期的可轉換債券，並評估潛在的收購。
計劃在2024年撥款6000萬至9000萬美元用於增長資本支出。
每噸淨回報略有下降，但同比有所改善。
專注於有機增長和戰略收購，在奧古斯塔工廠增加了一條專業產品線，並提議批准最多回購其持股量的10％。
正在考慮與新建場地相關的合資企業，評估填補開羅擬議的10萬噸產能的需求。
More details: CHEMTRADE LOGISTICS INCOME FUND IR
更多詳情： CHEMTRADE 物流收益基金 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。