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AGI Announces Record Fourth Quarter 2024 Results, Provides 2025 Outlook, and Declares First Quarter 2025 Dividends
AGI (TSX: AFN) announced record fourth quarter 2024 results, provided a 2025 outlook, and declared first quarter 2025 dividends. Key highlights include:
* Q4 2024: Revenue was flat, adjusted EBITDA increased 7%, free cash flow increased 62%.
* Full Year 2024: Revenue decreased 8%, with international revenue contributing a record 37%.
* 2025 Outlook: Adjusted EBITDA of at least $225 million, Q1 adjusted EBITDA between $25-$30 million.
* Order book ended at a record $737 million, up 4% YOY.
* Commercial segment is strong, while Farm segment is expected to remain weak in early 2025.
* The outlook does not include the impact of new US tariffs on Canada.
Contact information: 437-335-1630, 412-317-0088, 855-669-9658, 647-484-8814, 844-763-8274.
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