![]() “Our sustained focus on balance sheet priorities continued to deliver solid progress in the quarter,” added Jim Rudyk, CFO of AGI. ![]() Heading into the fourth quarter and early 2024, we are committed to complementing our new margin levels with continued revenue growth which will unlock significant value for all stakeholders.” As a result, we have again raised our full year Adjusted EBITDA margin guidance to 18.5% from 18.0%, up notably from our originally stated 2023 objective of 17.0%. As our new business management processes become further ingrained in our teams and culture, we expect this new level of margin performance to be sustained and expanded upon over the long-term. “Our company-wide operational excellence initiatives gained additional traction and have steadily translated into a clear positive trend in our margin performance. “Our third quarter performance again delivered strong margins and continued progress against our stated strategic priorities,” noted Paul Householder, President & CEO of AGI. Order book 4 continues to be strong and is up 3% YOY as of September 30, 2023 Management is reiterating full year 2023 Adjusted EBITDA guidance to be at least $290 million 1įull year 2023 Adjusted EBITDA margin % 2 guidance is increased to be at least 18.5%, up from 18.0% prior Revenue 1 of $1,147 million increased by 6% on a YOY basisĪdjusted EBITDA 2 of $221 million increased by 20% on a YOY basisĪdjusted EBITDA margin % 3 increased by roughly 230 basis points to 19.2% from 16.9% on a YOY basis Net debt leverage ratio 3 of 3.2x at Septemvs 4.1x at Septemor 3.3x at June 30, 2023 ![]() Revenue 1 of $410 million increased by 2% on a year-over-year (‘YOY’) basis 5% sequentially from Q2 2023Īdjusted EBITDA 2 of $85 million increased by 11% on a YOY basisĪdjusted EBITDA margin % 3 increased by roughly 165 basis points to 20.6% from 19.0% on a YOY basis (TSX: AFN) (“AGI”, the “Company”, “we” or “our”) today announced its financial results for the three-months ended September 30, 2023. WINNIPEG, Manitoba-( BUSINESS WIRE)-Ag Growth International Inc.
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