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ADENTRA (HDIU.F) Earnings Call Presentation
2025-08-06 21:00
Company Overview - ADENTRA's sales reached $22 billion in 2024[9] - Adjusted EBITDA was $184 million in 2024[9] - Free cash flow amounted to $858 million in 2024[9] - The company serves over 60000 customers and partners with over 2500 suppliers[9] - ADENTRA has a diversified customer base, with 55% being industrial manufacturers, 31% pro dealers, and 14% home centers[10] Market Position and Growth - ADENTRA operates in a $43 billion combined market opportunity across various product categories[25] - The company's current market share is 5%[25] - ADENTRA has grown through acquisitions, adding $17 billion in sales since 2010[34] - The company has 86 locations[9] Financial Performance and Strategy - Adjusted EBITDA has increased at a 20% CAGR over the past 10 years[28] - The company aims for a gross profit margin of over 20% and an adjusted EBITDA margin of 8-10%[48] - ADENTRA targets a leverage ratio between 20-30x adjusted EBITDA and 10x working capital[54] - The company's free cash flow yield is 127%[54]