Business
National Storm Recovery Inc. CEO Discusses Strong Financial Results for Q1, Opportunities as Potentially Record-Breaking Hurricane Season Gets Underway
National Storm Recovery Inc. CEO Discusses Strong Financial Results for Q1, Opportunities as Potentially Record-Breaking Hurricane Season Gets Underway.
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[{"type":"text","content":"\n NEW YORK, June 23, 2020 (GLOBE NEWSWIRE) -- via NetworkNewsAudio -- National Storm Recovery Inc. (OTC: NSRI) today announces that its CEO, Tony Raynor, has been featured in an exclusive audio interview with NetworkNewsWire (“NNW”), a financial news and content distribution company and one of 45+ brands in the InvestorBrandNetwork (“IBN”). During the interview, Raynor discussed National Storm Recovery’s exceptional financial results for the quarter ended March 31, 2020, and also examined the opportunities for growth that could be on the horizon as the Atlantic hurricane season continues to ramp up. The broadcast can be heard at The NetworkNewsAudio Interviews Podcast. Raynor started the interview by highlighting National Storm Recovery’s business model and its “extraordinary” Q1 financial results. “The great thing about our company, our model, is we’re really based on sustainability. We have an incredible team, and we are greatly positioned in multiple states with six different production facilities,” he said. “At the end of the day, it’s important to share that belief that we’re stewards of the environment, and that shouldn’t be understated. We’re passionate about what we do, and our numbers came out great.” A major milestone for National Storm Recovery was its first quarter 2020 acquisition of Mulch Manufacturing, a 35-year-old powerhouse mulch company based in Ohio. “We assessed the company, its assets and all of the opportunities that we have, and we saw an opportunity to make some vital upgrades on some processing equipment,” Raynor stated regarding the acquisition. “Some of the greatest products we produce in the bark industry require certain machines that cut the bark off, and we upgraded those machines. They ended up producing a lot better yields than we even anticipated.” The months to come could prove to be particularly fruitful for National Storm Recovery, as analysts continue to forecast a record-breaking hurricane season for 2020. “We study these weather trends. In April, they set records across the world according to the National Oceanic and Atmospheric Administration (NOAA), and 2020 is set to be the warmest year on record,” Raynor said. “We definitely have a lot of prep...