Core Viewpoint - The Board of Empire Metals Limited has addressed the recent sharp decline in the company's share price, clarifying that there has been no material change in its operational or financial position to explain this movement [1] Group 1 - The Board expresses confidence in the company's strategy and the progress at the Pitfield Titanium Project [1] - The long-term value proposition for shareholders remains intact according to the Board [1]

Core Insights - The company’s strategic priorities are expected to remain consistent despite the change in CEO, as the founder remains the largest shareholder [1] - The new CEO, David Lauber, emphasizes alignment with the founder on growth strategies and differentiation [1] Company Strategy - The company’s strategic direction is not anticipated to change significantly, indicating stability in its operational focus [1] - The CEO and founder have been in sync regarding the approach to business growth, suggesting a cohesive leadership vision [1]

Financial Performance - Revenue reached $4.0 billion[7], while new awards totaled $5.8 billion[7] - The ending backlog stands at $28.7 billion[7], with 79% being reimbursable[7] - Adjusted EPS was $0.73[37] and adjusted EBITDA was $155 million[37] - The company had a cash balance of $2.5 billion[39] Segment Results - Urban Solutions segment profit was $70 million[17], with new awards of $5.3 billion[17] and a backlog of $20.2 billion[17], an 8% increase in the past 12 months[17] - Energy Solutions segment profit was $47 million[28], with new awards of $315 million[28] and a backlog of $6.2 billion[28] - Mission Solutions segment profit was $5 million[33], with new awards of $164 million[33] and a backlog of $2.4 billion[33] Outlook - The company anticipates revenue growth of 15% for FY 2025[43] - Adjusted EBITDA is projected to be between $575 million and $675 million[43], with adjusted EPS between $2.25 and $2.75[43]