Q1 2025 Foraco International SA Earnings Call Transcript

Apr 30, 2025

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Apr 30, 2025 / 02:00PM GMT
Operator

Good morning, ladies and gentlemen, and welcome to the Foraco International as a first quarter 2025 earnings conference call. (Operator Instruction)

This call is being recorded on Wednesday, April 30 of 2025.

I would now like to turn the conference over to Mr. Tim Bremner, CEO of Foraco. Please go ahead.

Tim Bremner - Foraco International SA - Chief Executive Officer

Good morning, everyone, and welcome to Foraco International's Q1 2025 earnings call. I am Tim Bremner, CEO of Foraco, and joining me today is Fabien Sevestre, our CFO. Earlier today, we released our first quarter 2025 financials results via CNNW Newswire. Prior to the opening of the TSX. If you have not yet received a copy, you will find it at our website at www.foraco.com. Following our comments, we will open the call for questions, which will be monitored by the operator.

As expected, Foraco reported Q1 2025 revenue of USD55 million compared to USD77 million in Q1 2024. However, this result is not

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