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Lonestar West Inc. V.LSI

"Lonestar West Inc provides the technical application of hydro-vacuum, vacuum, water truck and auxiliary services to infrastructure and oil and gas customers."


TSXV:LSI - Post by User

Comment by upland14on Apr 13, 2014 1:59pm
114 Views
Post# 22445383

RE:Horvath interview

RE:Horvath interview...a little more from the inteview.

TWST: Can you talk a little bit about your most recent financial results? As I recall, you reported record revenue in the September quarter.

Mr. Horvath: Yes, so the recent results that were released in September were a record from a revenue standpoint. However, from a cash or an EBITDA standpoint, we were a little disappointed. We had a softer quarter in Canada, for sure, just with the weather that we experienced and the flooding; it definitely affected our numbers. Some of the big-inch pipeline projects that we were expecting to see were postponed. We did spend some money going across into the U.S. to roll out that platform. Even though the topline revenue number was great, we are going to keep improving on the bottom line as we go forward.

TWST: What is happening in the macro environment and/or within your customers' businesses that you think could be catalysts for growth for Lonestar?

Mr. Horvath: I think that we're growing at a pretty good clip right now, and from a big-picture standpoint of what our competition is doing, is the same curve. From our customers' standpoint, we've just seen the 2013 summer, which we expected to be a bit softer just from the projects that were being released. Going into 2014, there doesn't seem to be any end in sight. Some of our customers are being acquired by larger companies, and it seems they are switching to go mode finally, and it's going to be an awesome 2014.

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