Star Group, L.P. (NYSE:SGU) Q3 2024 Earnings Conference Call August 1, 2024 11:00 AM ET

Company Participants

Chris Witty - IR Adviser
Jeff Woosnam - President and CEO
Rich Ambury - CFO

Conference Call Participants

Operator

Good day, and welcome to Star Group's Fiscal Third Quarter 2024 Earnings Call. All participants will be in a listen-only mode. [Operator Instructions] Also please be aware that today's call is being recorded.

I would now like to turn the call over to Chris Witty, Investor Relations Adviser. Please go ahead.

Chris Witty

Thank you, and good morning. With me on the call today are Jeff Woosnam, President and Chief Executive Officer; and Rich Ambury, Chief Financial Officer.

I would now like to provide a brief safe harbor statement.

This conference call may include forward-looking statements that represent the company's expectations and beliefs concerning future events that involve risks and uncertainties and may cause the company's actual performance to be materially different from the performance indicated or implied by such statements. All statements other than statements of historical facts included in this conference call are forward-looking statements. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct.

Important factors that could cause actual results to differ materially from the company's expectations are disclosed in this conference call, the company's Annual Report on Form 10-K for the fiscal year-ended September 30, 2023, and the company's other filings with the SEC.

All subsequent written and oral forward-looking statements attributable to the company or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements. Unless otherwise required by law, the company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this conference call.

I'd now like to turn the call over to Jeff Woosnam. Jeff?

Jeff Woosnam

Thanks, Chris, and good morning, everyone. Thank you for joining us to discuss our third quarter and fiscal year-to-date results. As the summer progresses, we continue to deliver solid results, benefiting from both higher volumes and improved per gallon gross margin versus the third quarter of fiscal 2023. This, coupled with strong expense control and higher service and equipment installation profitability has allowed us to reduce our adjusted EBITDA loss by nearly $19 million for the third quarter of fiscal 2024.