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11/8/2024
Good day, everyone, and welcome to today's AMG Q3 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during the question and answer session. You may register to ask a question at any time by pressing the star and 1 on your telephone keypad. Please note, this call is being recorded. and I will be standing by if you should need any assistance. It is now my pleasure to turn the conference over to Michelle Fisher. Please go ahead.
Welcome to AMG's third quarter 2024 earnings call. Thank you for joining so late in the day. Joining me on this call are Dr. Hein Schimmelbusch, the Chairman of the Management Board and Chief Executive Officer, Mr. Jackson Dunkel, the Chief Financial Officer, Mr. Eric Jackson, the Chief Operating Officer, and Mr. Michael Conner, the Chief Corporate Development Officer. AMG's third quarter 2024 earnings press release issued today is on AMG's website. Today's call will begin with a review of the third quarter 2024 business highlights by Dr. Schimelbusch. Mr. Conner will comment on strategy. Mr. Dunkel will comment on AMG's financial results. And Mr. Jackson will discuss operations. At the completion of Mr. Jackson's remarks, Dr. Schimelbusch will comment on outlook. We will then open the call to take your questions. Before I pass the call to Dr. Schimelbusch, I would like to expressly refer you to our statement on forward-looking statements and the meaning thereof, as we have used at all previous occasions and we will use at this earnings call, and which explanatory statement has been published as part of our financial presentation and on our website, all in connection with this earnings call. I will now pass the floor to Dr. Schimmelbusch, AMG's Chairman of the Management Board and Chief Executive Officer.
Thank you, Michelle. AMG's EBTA continued on a steady growth trend in Q3, during which we achieved $40 million of EBTA. AMG Technologies delivered a strong performance compared to Q3-23, with excellent results in a growing market. Our engineering unit secured 131 million of order intake and had an order backlog as of September 30 of 367 million, the highest in EMG's history. This result continues to support the rationale of AMG's diversified portfolio by demonstrating our earnings power despite the challenging market conditions and depressed price levels in our lithium and vanadium segments. I will hand it over to Mike to speak about our growth initiatives. Mike?
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