OMNI-LITE INDUSTRIES REPORTS FOURTH QUARTER AND FISCAL 2024 RESULTS
Omni-Lite Industries reported record financial results for fiscal 2024, with revenue reaching US$15.9 million, a 28% increase from 2023. The company achieved improved Adjusted EBITDA of US$1.6 million, up from US$445,000 in the previous year.
Key highlights include net income of US$615,000 (US$0.03 per diluted share), strong cash position of US$3.0 million with no debt, and Adjusted Free Cash Flow of US$1.8 million. The company's Q4 2024 revenue was US$3.5 million, up 5% year-over-year, despite seasonal effects.
Looking forward, Q1 2025 bookings reached a historical high of US$5.0 million, driven by new fastener components and U.S. DoD missile defense programs. The company's performance was notably influenced by increased production in missile programs, new Inconel fastener designs, and engine casting customers.
Omni-Lite Industries ha riportato risultati finanziari record per l'anno fiscale 2024, con ricavi che hanno raggiunto i 15,9 milioni di dollari USA, segnando un aumento del 28% rispetto al 2023. L'azienda ha registrato un miglioramento dell'EBITDA rettificato di 1,6 milioni di dollari USA, in crescita rispetto ai 445.000 dollari dell'anno precedente.
I punti salienti includono un utile netto di 615.000 dollari USA (0,03 dollari per azione diluita), una solida posizione di cassa di 3,0 milioni di dollari senza debiti e un flusso di cassa libero rettificato di 1,8 milioni di dollari. I ricavi del quarto trimestre 2024 sono stati di 3,5 milioni di dollari, in aumento del 5% su base annua, nonostante gli effetti stagionali.
Guardando al futuro, le prenotazioni del primo trimestre 2025 hanno raggiunto un livello storico di 5,0 milioni di dollari USA, trainate da nuovi componenti di fissaggio e dai programmi di difesa missilistica del Dipartimento della Difesa degli Stati Uniti. Le prestazioni dell'azienda sono state influenzate in modo significativo dall'aumento della produzione nei programmi missilistici, dai nuovi design di fissaggi in Inconel e dai clienti nel settore delle fusioni per motori.
Omni-Lite Industries reportó resultados financieros récord para el año fiscal 2024, con ingresos que alcanzaron los 15,9 millones de dólares estadounidenses, un aumento del 28% respecto a 2023. La compañía logró un mejor EBITDA ajustado de 1,6 millones de dólares, superior a los 445.000 dólares del año anterior.
Los puntos clave incluyen un ingreso neto de 615.000 dólares (0,03 dólares por acción diluida), una sólida posición de efectivo de 3,0 millones de dólares sin deudas y un flujo de caja libre ajustado de 1,8 millones de dólares. Los ingresos del cuarto trimestre de 2024 fueron de 3,5 millones de dólares, un aumento del 5% interanual, a pesar de los efectos estacionales.
De cara al futuro, las reservas del primer trimestre de 2025 alcanzaron un máximo histórico de 5,0 millones de dólares, impulsadas por nuevos componentes de sujetadores y los programas de defensa antimisiles del Departamento de Defensa de EE.UU. El desempeño de la empresa se vio notablemente influenciado por el aumento de la producción en programas de misiles, nuevos diseños de sujetadores de Inconel y clientes de fundición de motores.
Omni-Lite Industries는 2024 회계연도에 기록적인 재무 성과를 보고했으며, 매출액은 1,590만 미국 달러로 2023년 대비 28% 증가했습니다. 회사는 조정 EBITDA가 160만 미국 달러로 전년도의 44만 5천 달러에서 크게 향상되었습니다.
주요 내용으로는 순이익 61만 5천 미국 달러(희석 주당 0.03달러), 부채 없는 300만 달러의 견고한 현금 보유고, 그리고 180만 달러의 조정 자유 현금 흐름이 포함됩니다. 2024년 4분기 매출은 계절적 영향에도 불구하고 전년 동기 대비 5% 증가한 350만 달러였습니다.
앞으로 2025년 1분기 예약 주문은 500만 미국 달러로 사상 최고치를 기록했으며, 이는 새로운 패스너 부품과 미 국방부 미사일 방어 프로그램에 힘입은 결과입니다. 회사의 실적은 미사일 프로그램 생산 증가, 새로운 인코넬 패스너 설계, 엔진 주조 고객의 영향으로 크게 좌우되었습니다.
Omni-Lite Industries a annoncé des résultats financiers record pour l'exercice 2024, avec un chiffre d'affaires atteignant 15,9 millions de dollars US, soit une augmentation de 28 % par rapport à 2023. La société a réalisé un EBITDA ajusté de 1,6 million de dollars US, en hausse par rapport à 445 000 dollars l'année précédente.
Les points clés comprennent un bénéfice net de 615 000 dollars US (0,03 dollar par action diluée), une solide trésorerie de 3,0 millions de dollars sans dettes, et un flux de trésorerie disponible ajusté de 1,8 million de dollars. Le chiffre d'affaires du quatrième trimestre 2024 s'est élevé à 3,5 millions de dollars, en hausse de 5 % d'une année sur l'autre, malgré des effets saisonniers.
Pour l'avenir, les commandes du premier trimestre 2025 ont atteint un niveau historique de 5,0 millions de dollars US, soutenues par de nouveaux composants de fixation et les programmes de défense antimissile du Département de la Défense américain. Les performances de l'entreprise ont été particulièrement influencées par l'augmentation de la production dans les programmes de missiles, les nouveaux designs de fixations en Inconel et les clients de fonderie de moteurs.
Omni-Lite Industries meldete für das Geschäftsjahr 2024 rekordverdächtige Finanzergebnisse mit einem Umsatz von 15,9 Millionen US-Dollar, was einer Steigerung von 28 % gegenüber 2023 entspricht. Das Unternehmen erzielte ein verbessertes bereinigtes EBITDA von 1,6 Millionen US-Dollar, verglichen mit 445.000 US-Dollar im Vorjahr.
Zu den wichtigsten Highlights zählen ein Nettogewinn von 615.000 US-Dollar (0,03 US-Dollar je verwässerter Aktie), eine starke Liquiditätsposition von 3,0 Millionen US-Dollar ohne Schulden sowie ein bereinigter freier Cashflow von 1,8 Millionen US-Dollar. Der Umsatz im vierten Quartal 2024 lag bei 3,5 Millionen US-Dollar und stieg trotz saisonaler Effekte im Jahresvergleich um 5 %.
Blick nach vorn: Die Buchungen für das erste Quartal 2025 erreichten mit 5,0 Millionen US-Dollar einen historischen Höchststand, angetrieben durch neue Befestigungselemente und US-Verteidigungsministerium-Missilabwehrprogramme. Die Unternehmensleistung wurde maßgeblich durch die erhöhte Produktion in den Rüstungsprogrammen, neue Inconel-Befestigungsdesigns und Kunden im Bereich Motorguss beeinflusst.
- Record revenue of US$15.9 million, up 28% YoY
- Adjusted EBITDA increased to US$1.6 million from US$445,000
- Strong cash position of US$3.0 million with zero debt
- Record Q1 2025 bookings of US$5.0 million
- Net income increased to US$615,000 from US$90,000 YoY
- Improved Adjusted Free Cash Flow to US$1.8 million
- Q4 2024 Adjusted EBITDA declined to -US$83,000 from US$78,000 YoY
- Loss of US$156,000 from sale of aged inventory in Q4
- Q4 bookings decreased due to program timing effects
CONFERENCE CALL FOR INVESTORS: APRIL 22, 2025, AT 4:00 PM EDT
❖Record Revenue for Fiscal 2024 of US
❖Omni-Lite Achieves Improved Adjusted EBITDA(1) of US
❖Strong Cash Generation; Improves by US
❖Bookings for Fiscal 2025 First Quarter of US
LOS ANGELES, CALIFORNIA, April 21, 2025 (GLOBE NEWSWIRE) -- Omni-Lite Industries Canada Inc. (the "Company" or “Omni-Lite”; TSXV: OML) today reported results for the fourth quarter and fiscal year ending December 31, 2024. Full financial results are available at sedarplus.ca.
Fourth Quarter Fiscal 2024 Results
Revenue for the fourth quarter of fiscal 2024 was approximately US
Adjusted EBITDA(1) was approximately US
Net income for the fiscal quarter was US
The Company’s balance sheet remains strong with US
Bookings in the fourth quarter of 2024 were approximately US
Fiscal Year 2024 Results
Revenue for the fiscal year ending December 31, 2024, was approximately US
Omni-Lite reported fiscal 2024 net income of US
Over the course of the year, Cal Nano paid off the entire outstanding balance of loans of US
Bookings for the fiscal year were US
Management Comments
David Robbins, Omni-Lite’s CEO, stated “2024 performance reflected some of our important business themes as an Aerospace and Defense manufacturer of needed high performance components. We can respond to critical customer demands in months, not years, and can scale manufacturing throughput to deliver higher earnings given our structural operating leverage. 2024 was impacted by the ramping up of production quantities of components on two important missile programs, several new Inconel fastener component designs, and new U.S. customers for engine castings.
Bookings tailed off in Q4 due to program timing effects, but we are anticipating strong bookings in first half of 2025 notably from new fastener components qualified in early 2024 and from some electronic modernization efforts on certain high profile U.S. DoD missile defense programs. To that end, Omni-Lite’s bookings for the fiscal 2025 first quarter were over US
Financial Summary
All figures in (US
Investor Conference Call
Omni-Lite will host a conference call for investors on April 22, 2025, beginning at 4:00 P.M. (EDT) to discuss the Fiscal 2024 results and review of its business and operations. To join the conference call, dial 888-437-3179 in the USA and Canada, or 862-298-0702 for all other countries. Please call five to ten minutes prior to the scheduled start time. A replay of the conference call will be available 48 hours after the call and archived on the Company’s investors page of the Company’s website at www.omni-lite.com for 12 months.
(1)Adjusted EBITDA is a non-IFRS financial measure defined as earnings before interest, taxes, depreciation, amortization, stock- based compensation provision, gains (losses) on sale of assets, and non-recurring items, if any. Free Cash Flow is a non-IFRS financial measure defined as cash flow from operations minus capital expenditures. Adjusted Free Cash Flow is a non-IFRS financial measure defined as Free Cash Flow excluding special items, among others, gains (losses) on sale of assets and non- recurring items, net of tax effects, if any. These are non-IFRS financial measures, as defined herein, and should be read in conjunction with IFRS financial measures and they are not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with IFRS. The non-IFRS financial measures used herein may not be comparable to similarly titled measures reported by other companies. We believe the use of Adjusted EBITDA, Adjusted Free Cash Flow and Free Cash Flow along with IFRS financial measures enhances the understanding of our operating results and may be useful to investors in comparing our operating performance with that of other companies and estimating our enterprise.
Please see 2024 Management Discussion and Analysis for additional notes and definitions.
About Omni-Lite Industries Canada Inc.
Omni-Lite Industries Canada Inc. is an innovative company that develops and manufactures mission critical, precision components utilized by Fortune 100 companies in the aerospace and defense industries.
For further information, please contact:
Mr. David Robbins
Chief Executive Officer
Tel. No. (562) 404-8510 or (800) 577-6664
Email: d.robbins@omni-lite.com
Website: www.omni-lite.com
Forward Looking Statements
Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intent”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information in this press release includes, but is not limited to, the expected future performance of the Company. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance, or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward- looking information. Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward- looking information include, but are not limited to: general economic conditions in Canada, the United States and globally; industry conditions, governmental regulation, including environmental consents and approvals, if and when required; stock market volatility; competition for, among other things, capital, skilled personnel and supplies; changes in tax laws; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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