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Enercare's (CSUWF) CEO John Macdonald on Q4 2017 Results - Earnings Call Transcript

Mar. 06, 2018 3:29 PM ETEnercare, Inc. (CSUWF)
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Enercare, Inc. (OTCPK:CSUWF) Q4 2017 Earnings Conference Call March 6, 2018 10:00 AM ET


Sophia Bisoukis - Vice President, Investor Relations

John Macdonald - President and Chief Executive Officer

Brian Schmitt - Chief Financial Officer


Nelson Ng - RBC Capital Markets

Damir Gunja - TD Securities

David Newman - Desjardins

George Doumet - Scotiabank

Elizabeth Johnston - Laurentian Bank Securities


Good morning, ladies and gentlemen, and welcome to the Enercare Fourth Quarter and Year Ended 2017 Earnings Release Conference Call and Webcast. As a reminder, this conference call is being recorded today, March 6, 2018 at 10 a.m. Eastern Standard Time.

Your host for today's call is Sophia Bisoukis, Vice President, Investor Relations. Ms. Bisoukis, you may begin.

Sophia Bisoukis

Thank you, Jody. Good morning, everyone, and thank you for joining us. Welcome to Enercare's fourth quarter and year-end 2017 earnings call. Today's call includes forward-looking statements. Please review Slide 2 for a summary of this information. We may also refer to non-IFRS measures, which are detailed in our MD&A for the quarter and year-ended December 31, 2017 and in this morning's news release.

On our call today, we have John MacDonald, President and Chief Executive Officer; and Brian Schmitt, Chief Financial Officer. John and Brian will make a short presentation on our results and performance, and then we'll answer analyst questions.

I'll now turn the call over to John, who will begin with Slide 4.

John Macdonald

Thank you, Sophia, and good morning. 2017 was another successful year for Enercare. We delivered solid financial and operational results in both the fourth quarter and for the full-year demonstrating the underlying strength of our business. Revenue increased by 26% to $1.3 billion, while EBITDA increased by 5% to $280 million. Home Services, Sub-metering, and Service Experts all increased their EBITDA and built their base of customers.

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