Goodman Group (OTCPK:GMGSF)

$ 22.24 -1.3441 (-5.7%) Market Cap: 45.39 Bil Enterprise Value: 46.40 Bil PE Ratio: 320.36 PB Ratio: 3.88 GF Score: 90/100

Half Year 2024 Goodman Group Earnings Call Transcript

Feb 14, 2024 / 10:00PM GMT

Release Date Price: $16.85 (+2.19%)

Transcript

Operator

Good day, and thank you for standing by. Welcome to the Goodman Group Half Year 2024 Results Call. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Greg Goodman, CEO. Please go ahead.

Gregory Leith Goodman

Goodman Group - Group CEO & Director

(technical difficulty) with operating profit of over $1.1 [billion] for the first half of FY '24, up 29% on the same time last year. We're also upgrading earnings per security growth to 11% for FY '24, which delivers an operating profit of approximately $2 billion. Customers are demanding greater efficiency and productivity from their operations. Whether they're warehouse customers implementing AI, increased mechanization or automation of their warehouses or hyperscalers and co-locators looking for the right data center to suit their requirements in the quickest time possible.

It all comes down to location, intensity of use and increased productivity. We're meeting this demand by executing on our

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