AGI Reports Solid Profitability Despite Revenue Dip

Ag Growth International (TSE:AFN) has released an update.

Ag Growth International reported a 9% decrease in Q1 2024 revenue year-over-year but saw a rise in adjusted EBITDA by 4% to $50 million, alongside an improved EBITDA margin of 15.9%. The company’s net debt leverage ratio improved from 3.6x to 2.9x compared to last year, while they reaffirmed their full-year adjusted EBITDA guidance of at least $310 million, citing a strong international order book supporting this outlook.

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