Kontrol Technologies Corp (KNRLF) Q4 2021 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Control Technologies Q4 Full Year 2021 Earnings Conference Call. I'm joined by the CEO of Control Technologies, Mr. Paul Ghezzi, and CFO, Mr. Claudio Del Vasto. Before we begin, please be reminded that certain statements and information included in the management discussion and analysts and financial statements and presentations including information related to future financial or operating performance and other statements that express the expectations of management or estimates of future performance. Constitute forward-looking statements. For more information on the company's forward-looking statements and risk factors, please reference the management discussion and analysts and our financial statements for Q4 and full year 2021. For all public information filings, please visit www.cdar.com. Thank you. I would now like to turn the conference call over to Mr. Paul Ghezzi, CEO of Control Technologies. Mr. Ghezzi, you may begin your conference. Thank you. Hello, everyone, and welcome to the Control Technologies fourth quarter and full year 2021 earnings conference call. I'm joined on the call today by our CFO, Claudio Del Vasto. 2021 was a breakthrough year for control driven by organic growth, innovation, and strategic acquisitions. We delivered record results across our key metrics as reflected in our year-over-year revenue growth of 367% to $58 million and adjusted EBITDA growth of 227% to $6.5 million in 2021, while also achieving profitability on a net income basis. With the North American economy reopening and a new focus on sustainable infrastructure, driving an improvement and upgrade cycle in the commercial and industrial building sectors, the company is well positioned for future growth. I'll provide an update on our business i...