Orbia Announces Conference Call for Q4 and Full Year 2024 Earnings Results

Generado por agente de IAMarcus Lee
lunes, 13 de enero de 2025, 5:13 pm ET1 min de lectura
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Orbia Advance Corporation, S.A.B. de C.V. (BMV: ORBIA*) has announced that it will release its fourth quarter and full year 2024 earnings results after the market closes on Wednesday, February 21st, 2024. Management will host a conference call to review the results on Thursday, February 22nd, 2024, at 9:00 a.m. MX | 10:00 a.m. ET. The call will be led by Sameer Bharadwaj, Chief Executive Officer, Jim Kelly, Chief Financial Officer, and Diego Echave, VP of Investor Relations.

Orbia's Q3 2024 financial highlights revealed a challenging market environment, with net revenues of $1.887 million falling by 4% year-over-year, driven by lower volumes and prices across most segments. EBITDA decreased by 10% to $288 million, primarily due to lower revenues and cost-saving initiatives. Operating cash flow rose by $65 million to $283 million, achieving a conversion rate of 98% of EBITDA, reflecting the company's focus on cost optimization and cash flow management.

During the Q3 2024 earnings call, Orbia's leadership team discussed the ongoing challenges in various markets and the company's commitment to maintaining financial discipline, optimizing revenue, and managing costs and cash flow. The company also announced a $250 million cost-reduction initiative to enhance operational efficiency and selectively invest in growth opportunities.

Investors and analysts will be closely watching Orbia's Q4 2024 earnings call to gain insights into the company's performance during the final quarter of 2024 and its outlook for the coming year. Key metrics to focus on during the call include revenue and EBITDA growth, operating cash flow, net debt levels, dividend payout, capital expenditures, and progress on strategic growth projects.

Orbia's Q4 2024 earnings call is an opportunity for investors to assess the company's performance and strategic direction in the face of ongoing market challenges. By focusing on key financial metrics and the company's strategic initiatives, investors can make informed decisions about Orbia's future prospects and potential investment opportunities.

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