CTIB - Earnings call transcript Q1 2022

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Operator

Good day. And welcome to the Yunhong CTI First Quarter 2022 Earnings Conference Call.

During today’s presentation, all parties will be in a listen-only mode.

Following the presentation, the conference will be open for questions. This conference is being recorded today, May 19, 2022. accompanying market call on release the issued press of close May earnings this was conference after The XX.

Jana as On CTI’s the Operating well Chief Yunhong Officer, Chief Executive Officer, call Frank Cesario today, Schwan. is as

Before we that read press forward-looking the earnings to in company’s you the should statement release. we begin want note

future note the views bases as company's call net and reference company EBITDA on that release loss. the important financial performance make December risk that management factors predictive that views EBITDA, these The of performance During and some adjusted its future in press events measure, make today's the assumptions statements the that and year or such, directly XXXX comparable XX, to from could cause uncertainties. actual also The company subject to earnings about to results certain will non-GAAP an reflect to operating statements certain income adjusted differ GAAP company most lists XX-K ended most the financial its a risks current as company's financial The measure. are results. for measure that Please its believes expectations and the Form predictions.

Officer turn further now company's the For release would call At Yunhong Commission. refer to the Sir, of earnings Securities Exchange CTI. ahead. to and the over periodic Cesario, press please information, to the and with please I Executive Chief filings this like go Frank time,

Frank Cesario

to events This the a and has our subsidiary. still reflex are we but understand first talk is used Graduation, out momentum This curve ball move us forward. one us we the small Mother’s of reported that that have quarterly of [Indiscernible] on make our Day, with. Day results. a sizeable form our as Jenny. today. our reconfigured With typical of last quarter Good we impactful is a to results gate joining as is We driven morning does are Valentine’s easier it portion data its call shipments year’s Thank and Fresh where XXXX such highly you to results. thank about The quarter by company timing clean. for to dealing through should everyone you to first the as the today. us revenue

what get making Valentine’s XX of previous ability timing of forecasting Graduation even year days deliveries. versus will just some Day to estimate into Mother's a always That our ships we don't half inventory to December early make a always the over is year March while Day QX to that XXXX. Every matter in more spill we're for For March somewhat have about more To some in is this of can month of April ahead see our ship that as know and that question our going most you year, and of year, that's in the shake of on kind guess from But to holiday. April January by business number. late it's it, dependent and before there and how some I pronounced the the in QX. season. Last because of shipped out in went

and we I but was look bottom in volume improved. our I at don't revenue $X.X from similar our I moment. much More look Flexo year. was their EBITDA change Remember, line on despite from know seen as the last the adjusted useful either. at a $X.X most of contributed lost metric. to Yes, that rate down million, our You course, results million that that our is margin

XXXX. $X.X topic, a forecasting expect and EBITDA post of share that more in we've the than in to toe to While we in pool put we're on decided the adjusted million

business our decide at to to the continues we'll share how right best mature, level. expectations As

Officer helium what that's beginning I've and provide how could flow million market on supply drawing marketplace. the going reporting we're of the these want that that is figurative look now single the today. topics, disruption perspective Chief looking Jana? of all that's know about these number call, chain important most the XXXX To asked line to Schwan, We With at we're where in start. the our internally. so the some that We're we're we concerned on heard sand For excess the a about caveats adjusted to $X.X and to the Operating EBITDA in share like up addressing end we issues. we focus number for all of you Jana into

Jana Schwan

Frank. hello, everyone. Thanks, And

seems Let me struggling to get XXXX. shortage less in XXX% we everyone the commercial some are our had XXXX, seeing start tightening supply helium with in with industry. hurt that Today, far, than once what helium customers so it an immense a require. marketplace impactful we again, But helium. they in In of

eye progress keep as of the We an through the course, on year. supply will we helium

in have On have we of try we chain, these topic would than the to to more otherwise order earlier material mitigate supply ordered issues.

materials partners that Fortunately, have the from for domestic vast we known majority long time. suppliers are of a our very

relationships timing answer the has an at perfect best. has continues So even continue will And we that believe team issue. or our for. communication I expect out pay planned have work what will of here. Nobody executed far, answer is a we to keeping our continue. trouble. Frank? touch open good But and flow Free that dividends. we us a largely to But and been availability go Thus

Frank Cesario

Day, Day. Valentine's Father's fabulous presenting even Jana. designs Graduation. you, XXXX Thank We've Mother's for Day, yes, And been

marketing customers that growth looking list. gives sales some and existing also customer ready. add what to a this later our they're give area to at to to advance to at our talent we'd and us going order a of year target to that about us specific year in sales in customers lead with our and support retailers like which then indications We're like time lot look of Our be

more say the I production with gains can becoming automation tight we efficient Our that last discussed and time. is

time at engaged and the the There's it. are at actively do right in in getting way. way we with well are right ample our to the for win products. existing right the We our we That's to headroom products customers where the marketplace only them

natural So extension pursue, areas we to believe in way. but some a measured

to XXXX queue. beyond. We check in to closing, transformational more confident first that, And will you operational not against Q&A the get ahead strategy. ability position with of financial XXXX Jenny, and We to with again. to we the look a entered and and building progress throughout asked our ourselves In of are quarter I've our continue forward execute our sound

Operator

Ladies now Instructions].Thank for Frank. is floor gentlemen, you, questions. and the Thank [Operator open you.

you question Our from Glenn, please? Mr. Glenn first Hamilton He’s a question is [ph]. Investor. you coming ask can Private a

Unidentified Analyst

Frank Hey just receivables it of I the like that's $X.X much Jana, to number. same pretty my get? guys question seems the not that you million balance the thank have two questions. sheet last for with you was do Yes, have quarters. that and receivable seems One money Who as a to update. has paying high

Frank Cesario

not It’s actually. for us

a XX. what it's look depending retail position. against about at to days if line. are total whom, revenue, average, selling you're Remember, very on anything how longer in good pretty average, If on much XX They're million, that terms receivable but they're run on in is is, rate There's is $X.X XX. you

negligible had Our debt good. bad are We've write-offs. collections

fortunate area. So we've been that we've been in

Unidentified Analyst

question do payable last last define X.X quarter? no Okay, how this my million is, quarter, subordination, you officers zero

Frank Cesario

you It there have long was at quarter, but liabilities. versus look term last to short term

that accounting get and have to. you to how an speak, could but liabilities note classify same last So I have you answer there been current to try is quarter, not go the into it. liabilities. see was there I'm going issues to but But

Unidentified Analyst

okay. Oh,

Frank Cesario

And Yes. in me XXXX. It's been predates there forever. that

Unidentified Analyst

far, in job the so Great meeting Thank and questions. future. to sometime more look No you. guys

Frank Cesario

Very Thank you, good. Glenn.

Operator

Frank, questions now queue. Instructions].Okay, to Thank be closing hand over comments. more the I'll any no you. [Operator to back appears in there for And

Frank Cesario

Thank not on our that is folks people is distracted. this first market a the with a day bit What's most report. I one. are is enjoy replay. you. this what the is hope This as that It's it surprise important

You we does to to. distorted no the other that And we from U.S. by there, without business want can longer exist. get can where into see how being elements launch

story. of thank chapter. we're I Thank for much. part So the looking next you to so And forward the being everyone

Operator

gentlemen. and conclude today's ladies This you does call. Thank conference

you You Thank participation. may wonderful disconnect your phone a for lines at day. your this and time have

Yunhong Green CTI (YHGJ) 19 May 222022 Q1 Earnings call transcript