GDI Integrated Facility Services Inc. (GDIFF) Q1 2023 Earnings Call Transcript

GDI Built-in Facility Companies Inc. (OTCPK:GDIFF) Q1 2023 Earnings Convention Name Might 12, 2023 7:30 AM ET

Firm Contributors

Stephane Lavigne – Senior Vice President and Chief Monetary Officer

Claude Bigras – President and Chief Government Officer

David Hinchey – Government Vice President, Company Growth

Convention Name Contributors

Derek Lessard – TD Securities

Jonathan Goldman – Scotiabank

John Zamparo – CIBC

Zachary Evershed – Nationwide Financial institution Monetary

Liam Bergevin – Desjardins Capital Markets


Good morning, girls and gents and welcome to the GDI Built-in Facility Companies First Quarter 2023 Outcomes Convention Name. [Operator Instructions] This name is being recorded on Friday, Might 12, 2023. I might now like to show the convention over to Mr. Stephane Lavigne, Senior Vice President and Chief Monetary Officer. Please go forward, sir.

Stephane Lavigne

Thanks, [indiscernible]. Good morning, all and welcome to GDI’s convention name to debate our outcomes for the primary quarter of fiscal 2023. My title is Stephan Lavinge. I’m Senior Vice President and Chief Monetary Officer of GDI. I’m with Claude Bigras, President and CEO of GDI and David Hinchey, Government Vice President of Company Growth.

Earlier than we start, I wish to make you conscious that this name comprises forward-looking info and we ask listeners to discuss with the complete description of the forward-looking Secure Harbor provision that’s totally described initially within the MD&A filed on SEDAR on the finish of final night time.

I’ll start the decision with an summary of GDI’s monetary outcomes for the primary quarter of ‘23 and we’ll then like Claude to offer his feedback on the enterprise. Within the first quarter, GDI recorded income of $591 million, a rise of $96 million or 19% over Q1 of final yr, made up primarily of natural development of 14% and development from acquisitions of two%. We recorded an