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Ferrellgas Partners, L.P. Reports Q3 2024 Earnings and Focuses on Cost Reduction

2024-06-19 16:59:53.102000

DRDGOLD Limited, listed on the NYSE under the symbol DRD, and Paramount Group, Inc. both recently released their earnings call presentations for the second quarter of 2024. DRDGOLD Limited's presentation was published on February 14, 2024, and provides insights into the company's financial performance and future prospects. The presentation can be found on Seeking Alpha, a platform that publishes thousands of quarterly earnings calls per quarter. Seeking Alpha's transcripts team, responsible for the development of all transcript-related projects, published the presentation on their site [e5606424]. Paramount Group, Inc. published their earnings call presentation for the fourth quarter of 2023 on February 15, 2024. The presentation offers information about the company's financial results for that period. Seeking Alpha's transcripts team also published this presentation on their site. The purpose of the article is to share transcript-related developments with readers. The article includes various links to different sections of Seeking Alpha's website, such as stock upgrades and downgrades, dividend stocks, ETFs, and market sectors [05e82262].

In addition, BRP Inc. will be presenting its fourth quarter results for fiscal year 2024. The conference call is scheduled for Thursday, March 28, 2024, at 9 a.m. (EDT). José Boisjoli, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer, will present the results and address questions from analysts. The press release will be distributed on Canadian and American newswires on Thursday, March 28, at approximately 6 a.m. (EDT). BRP Inc. is a global leader in the world of powersports products, propulsion systems, and boats, with annual sales of CA$10 billion from over 130 countries and a global workforce of close to 23,000 people [858c246d].

Zimmer Biomet Holdings (NYSE: ZBH) has also announced that its first quarter earnings conference call will be webcast on Thursday, May 2, 2024, at 8:30 a.m. ET. A news release with the quarterly results will be available at 6:30 a.m. ET on the same day. The live audio webcast can be accessed via Zimmer Biomet's Investor Relations website. Individuals in the US who wish to dial into the conference call may do so by dialing (888) 204-4368 and using conference ID 5103691. International callers should dial +1 (323) 994-2093 and use conference ID 5103691. Zimmer Biomet is a global medical technology leader with a comprehensive portfolio designed to maximize mobility and improve health. For more information, visit www.zimmerbiomet.com [88806aba].

EastGroup Properties, Inc. (NYSE: EGP) will hold its First Quarter Earnings Conference Call and Webcast on Wednesday, April 24, 2024, at 11:00 a.m. Eastern Time. Marshall Loeb, CEO, and Brent Wood, CFO, will discuss the Company's first quarter results, current operations, and earnings outlook for 2024. EastGroup plans to release financial results for the quarter after the market closes on April 23, 2024. The conference call can be accessed by dialing 1-800-836-8184 (conference ID EastGroup) or through a webcast on the Company's website. A telephone and webcast replay will be available until Wednesday, May 1, 2024. EastGroup Properties, Inc. is a self-administered equity real estate investment trust focused on industrial properties in major Sunbelt markets throughout the United States. The Company's portfolio currently includes approximately 59.7 million square feet. [9b1c4af4].

KKR Real Estate Finance Trust Inc. (KREF) (NYSE: KREF) plans to release its financial results for the first quarter of 2024 on Tuesday, April 23, 2024, after the closing of trading on the New York Stock Exchange. A conference call to discuss the financial results will be held on Wednesday, April 24, 2024, at 10:00 a.m. ET. KREF is a real estate finance company that focuses on originating and acquiring senior loans secured by commercial real estate properties. It is externally managed and advised by an affiliate of KKR & Co. Inc. [41404ce7].

Andrew Peller Limited (ADWPF) held its Q4 2024 Earnings Conference Call on June 19, 2024. The call was led by John Peller, President and CEO, and Paul Dubkowski, CFO. Peller discussed the company's performance over the past year, highlighting the return to historical levels of sales, improved margins, and EBITDA performance. He also mentioned the recent interest rate cut by the Bank of Canada, signaling a new era. Peller reported a solid fourth quarter and fiscal year, with sales revenue slightly up between 1% to 2%. The company saw strong sales performance across all segments and trade channels, with the exception of visitation to their state wineries. Peller also mentioned the impact of the cold temperatures in British Columbia, resulting in widespread bud damage and a less than 5% crop this year. However, the company has implemented government policies to bring in replacement products and expects to manage through the challenge without financial disruption. Peller also discussed the company's real estate in Port Moody and the Ontario retail modernization, expressing optimism and confidence in the opportunities ahead. Dubkowski provided more details on the financial results, including sales growth, margin expansion, and cost savings initiatives. He mentioned ongoing inflationary cost pressures but expressed confidence in the company's cost savings measures and production efficiency programs to positively impact margins in the long term. Dubkowski also discussed sales and admin expenses, EBITDA, interest expense, inventory, and debt levels. The company expects to grow its business significantly in the Ontario market over the next five to 10 years, including in the grocery retail environment, LCBO environment, and through direct-to-consumer and e-commerce trade channels. Peller concluded the call by expressing confidence and optimism for the future, mentioning the company's leadership transition and the potential for M&A opportunities to supplement growth. [d1bbaf98]

Ferrellgas Partners, L.P. (FGPR) held its Q3 2024 earnings conference call on June 19, 2024. Tamria Zertuche, the CEO and President of Ferrellgas, expressed pride in the company's employees and their ability to manage expenses and execute well despite warm weather negatively impacting the heating segments of the business. The company experienced a decrease in gallons sold and a decrease in revenues of $71.6 million compared to the prior year period. Gross profit decreased by 7% and operating income per gallon decreased by 10%. Adjusted EBITDA decreased by $21.6 million or 17%. The company made a $99.9 million cash distribution to Class B unit holders. Blue Rhino, the company's counter seasonal business, saw an increase in EBITDA of 19% during the quarter. The company continues to invest in technology to improve customer service and reduce costs. The 10-Q was filed and will be available tomorrow morning. The company is evaluating options for extending and amending the revolver and considering an early refinancing of the '26 senior notes. The company has sufficient liquidity to continue operating the business and is focused on reducing costs and improving performance. [8b238337]

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