Aimia, Inc. (AIMFF) Q3 2023 Earnings Call Transcript -LSB

Aimia, Inc. (OTCPK:AIMFF) Q3 2023 Earnings Conference Call November 14, 2023 8:30 AM ET

Company Participants

Albert Matousek – IR

Phil Mittleman – CEO

Michael Lehmann – President

Steve Leonard – CFO

Conference Call Participants

Brian Morrison – TD Bank Group


Good morning, ladies and gentlemen, and welcome to the Aimia, Inc Third Quarter 2023 Results Conference Call. [Operator Instructions]. This call is being recorded on Tuesday, November 14, 2023. I would now like to turn the conference over to Albert Matousek. Please go ahead.

Albert Matousek

Thank you, Colin, and welcome, everyone, to this morning’s call. Today’s presentation is available on SEDAR plus and on our website. Before we get underway, I would like to remind everyone to please review our forward-looking statements and the cautions and risks factors pertaining to the statement. My name is Albert Matousek, Head of IR and Communications.

With me on the call today are speakers Phil Mittleman, Aimia’s CEO; Michael Lehmann, our President; and Steve Leonard, our CFO. Phil will begin with our strategic highlights, followed by Michael who will cover the performance of our investments, and hand the call over to Steve to walk us through the results of the quarter. We’ll have time for your questions at the end. With that, let me hand it over to Phil.

Phil Mittleman

Thanks, Albert, and good morning to everyone on the phone and webcast today. I’m pleased to report strong performance by both Bozzetto and Cortland in the third quarter. Their combined adjusted EBITDA of $17.4 million is a testament to the underlying strength of each of those businesses and their excellent management teams.

I’d like to focus my comments on some recent highlights at both with both Bozzetto and Cortland. Last week we announced Bozzetto’s planned acquisition of Starchem, a specialty chemicals producer. This

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