CEO PresentationVery informative and open CEO presentation today.
Strong Q4 and 30+% growth in sales in 2023 (conservative number) with further acquisitions also possible.
Glavel selling all single kiln production - approx $7.5M. Second kiln expected in place next year.
Expansion of business expected to smooth out seasonal revenue numbers.
Profitability improves considerably north of $30M revenue.
$100M sales company within 5 years.
Well positioned to ramp up and meet growth.
Generally very well positioned to pass any cost increases to customers given nature of cement contracting arrangments with Lafarge etc. Margins generally protected.