OMNI-LITE INDUSTRIES REPORTS FOURTH QUARTER AND FISCAL 2023 RESULTS AND CONFERENCE CALL FOR INVESTORS
APRIL 19, 2024, AT 11:00 AM EDT - Seite 3
Investor Conference Call [DIFFERENT DATE FOR CALL NEEDED]
Omni-Lite will host a conference call for investors on April 19, 2024, beginning at 11:00 A.M. (EDT) to discuss the Fiscal 2023 results and review of its business and operations. To join the conference call, 888-437-3179 in the USA and Canada, or 862-298-0702 for all other countries. Please call five to ten minutes prior to the scheduled start time. A replay of the conference call will be available 48 hours after the call and archived on the Company’s investors page of the Company’s website at www.omni-lite.com for 12 months.
(1) Adjusted EBITDA is a non-IFRS financial measure defined as earnings before
interest, taxes, depreciation, amortization, stock- based compensation provision, gains (losses) on sale of assets, and non-recurring items, if any.
Free Cash Flow is a non-IFRS financial measure defined as cash flow from operations minus capital expenditures. Adjusted Free Cash Flow is a non-IFRS financial measure defined as Free Cash Flow
excluding special items, among others, gains (losses) on sale of assets and non- recurring items, net of tax effects, if any. These are non-IFRS financial measures, as defined herein, and
should be read in conjunction with IFRS financial measures and they are not intended to be
considered in isolation or as a substitute for, or superior to, financial information prepared and presented in
accordance with IFRS. The non-IFRS financial measures used herein may not be comparable to similarly titled measures reported by other companies. We believe the use of Adjusted EBITDA, Adjusted
Free Cash Flow and Free Cash Flow along with IFRS financial measures enhances
the understanding of our operating results and may be useful to investors in
comparing our operating performance with that of other companies and estimating our
enterprise.
(2) Excluded items from Fiscal 2022 Adjusted Free Cash Flow(1) included approximately US$29,000 in transaction costs
associated with the acquisition of DP Cast and a non-recurring capital gain tax payment of approximately US$560,000 related to the 2021 sale/leaseback of the Company’s Cerritos facility.
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Adjusted EBITDA, Adjusted Free Cash Flow and Free Cash Flow are also useful tools in evaluating the operating results of the Company given the significant variation that can result from, for example, the timing of capital expenditures and the amount of working capital in support of our customer programs and contracts. We also use Adjusted EBITDA, Adjusted Free Cash Flow and Free Cash Flow internally to evaluate the operating performance of the Company, to allocate resources and capital, and to evaluate future growth opportunities.