Post by
Ethanbrodie123 on Mar 19, 2024 8:19pm
so-so to me
I think the 2% organic growth despite a "transition year" is ok.. not bad but not great. I think its a bit of an excuse... let us all rememver how much inflation has played a role this past year. If we factor that in, it actually could be viewed as a restraction of sales or at best "flat"
I am also surprised at the lack of debt reduction.. considering the balance at the end of Q3 and Q4. In q4, there was the 6.5 or so million from the facility sold and I believe net debt only went down about 10 mil. so, 6 mil in debt repayment which i would say is... ok. not great but not terrible.
we do have the 9 million facility that was sold in the q1 financials coming up so at least we are starting strong for this year. but if you consider the amount of revenue and focus on debt repayment, 6 million is pretty low for the size of sales in my opinion.
I remember in q1 or was it q2 of last year when sales were up 77% or so year over year.. they said that its because it was only 2/3 of reported combined business.. well we had a full quarter and allegedly winning more business and we are only at 77%. to me, this would be a bit of a miss for the quarter.
Maybe seasonality of the mcc business is soft generally for the q4 numbers but i'm not 100% sure.
tomorows call will be interesting I"ll be tuning in.