D&L Industries, Inc. (DLNDY) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Okay, we're good. Sorry. Okay, we're good. Yes. Hey, guys. Sorry. Can everyone hear me? Yes, yes. We can hear you. Okay. All right. So thanks for joining our call today. So we're going to go through the full year results of D&L for 2024. Okay. Next slide, please, Krista. Okay, so the highlights, we did 2% higher in net income for the year. So this is better than the 1% that we did in the first nine months of the year. So that means our fourth quarter did relatively well. Compared to the fourth quarter of 2023, net income was up by 5%. And then comparing to the third quarter, net income was up by 7%. So you can see that there's actually better growth in the fourth quarter. It was a relatively good quarter for us. The Batangas plant, it was profitable in the fourth quarter as well as the full year. And then exports continuing to do very well. We'll go into more details later on. And then we're seeing lower CapEx as well. So that means our free cash flow, it's still positive. And then final point there is just to say that we're optimistic and that we see a lot of momentum for growth in the fourth quarter. okay so this is a look at uh earnings for the full year as well as uh versus previous years so there you can see 2024 we did uh two percent better than the previous year okay and then uh here you can see the income per uh quarter and So before 2024, so before 2024, you can see negative, puro malalaking negative ang income. And then you can see that in 2024, negative pa rin but at a much lower number. Second quarter, positive income na. Third quarter, negative ulit. But in the fourth quarter, positive na ulit. So we ended the full year positive. And it looks like the Batangas plant is, even though there will still be some volatility in the earnings, the trend is really ...