11/13/2024

speaker
Rob
Operator

Greetings, and welcome to the Lower Holdings Corporated Third Quarter 2024 Earnings Presentation. At this time, all participants are enlisted only in mode. The question and answer session will follow the formal presentation. If anyone today should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Ian McKillop, Director of Investor Relations. Thank you. You may now begin.

speaker
Ian McKillop
Director of Investor Relations

Thank you, Rob. Good morning and welcome to the Lohr Holdings 2024 Third Quarter Earnings Conference Call. Presenting on the call this morning are Lohr's Chief Executive Officer and Executive Co-Chairman, Dirksen Charles, Executive Co-Chairman, Brett Milgram, Treasurer and Chief Financial Officer, Glenn D'Alessandro, as well as myself, Ian McKillop, the Director of Investor Relations. Please visit our website at lohrgroup.com to obtain a supplemental slide deck and call replay information. Before we begin, we at LOR would like to remind you that statements made during this call, which are not historical in fact, are forward-looking statements. For further information about important factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, please refer to the company's latest filings with the SEC, available through the Investor Relations section of our website or at sec.gov. We'd like to also advise you that during the course of the call, we'll be referring to adjusted EBITDA, adjusted EBITDA margin, and adjusted earnings per share, each of which is a non-GAAP financial measure. Please see the tables and related footnotes in the earnings release for a presentation of the most directly comparable GAAP measures and applicable reconciliations. To begin today, I will now turn the call over to Dirksen.

speaker
Dirksen Charles
Founder, Chief Executive Officer and Executive Co-Chairman

Thanks, Ian. Good morning. Good morning, everyone. Our partners, analysts, and, you know, Those of you who are on the call and hearing our story for the first time, I'm Dirksen Charles, founder, CEO, and co-chairman of Law. So look, I just want to remind everybody how we like to do these calls. We truly, truly, truly believe that your time is valuable. And as a result, we'll keep our remarks as brief as possible to allow the analysts the majority of the hour we've allocated to ask questions to ensure that we focus on the things that matter to you. So let's Let's start by reminding you who we are. Law is a family of companies with a very simple approach to creating shareholder value. First, we believe that by providing our business units an entrepreneurial and collaborative environment to advance their brands, we will generate above-market growth rates. Since our inception in 2012 through the end of calendar year 2023, we have grown sales and adjusted EBITDA at a compound annual growth rate of 38% and 46% respectively. We collaborate across business units by sharing best practices and ideas while assisting each other when it comes to execution. We execute along four value streams. We identify pain points within the aerospace industry and look to solve those problems through organically launching new products, which we believe over the long term will create one to three percentage points of top line growth. We focus on optimizing the way we manufacture, go to market, and manage our companies to enhance productivity. And each year we'll identify initiatives that will allow us to continually improve our performance with a focus on one or two major initiatives that will improve margins. We also each year across our portfolio of companies will achieve more price than inflation. Again, the sum total of all of these actions is margin improvement, as we'll walk you through in a moment here. Most importantly, we are committing to developing and improving the talent of all our employees. because our success is truly as a result of their dedication and commitment. So, best part of this, to all my mates, including our new brothers and sisters in Texas, a big thank you for your commitment and hard work. I'll now turn the call over to Brett.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

-

-