New Fortress Vitality, Inc. (NASDAQ:NFE) This fall 2024 Outcomes Convention Name March 3, 2025 5:00 PM ET
Firm Individuals
Matt Reinhard – Managing Director
Wes Edens – Chairman and Chief Government Officer
Chris Guinta – Chief Monetary Officer
Jeremy Dawson – Vice President of Enterprise Improvement
Convention Name Individuals
Ben Nolan – Stifel
Chris Robertson – Deutsche Financial institution
Sherif Elmaghrabi – BTIG
Craig Shere – Tuohy Brothers
Wade Suki – Capital One
Operator
Good day, and welcome to the NFE Fourth Quarter 2024 Earnings Name. Right this moment’s convention is being recorded. Right now, I wish to flip the convention over to Matt Reinhard, Managing Director for introductory remarks. Please go forward.
Matt Reinhard
Thanks, and good afternoon, everybody. Thanks for becoming a member of right now’s convention name, the place we are going to talk about our fourth quarter and full 12 months 2024 outcomes. This name is being recorded and can be obtainable by replay on the Traders part of our web site underneath the subheading Occasions and Shows. On the similar location, you will see a presentation that we’ll stroll via on right now’s name. Please evaluation this because it consists of vital info on forward-looking statements and non-GAAP measures. With that, I will flip it over to our Chairman and CEO, Wes Edens.
Wes Edens
Alright. Nice, Matt, and thanks, everybody, for dialing in. So let’s simply bounce into it right here and begin with the presentation that we despatched out. So beginning on Web page 3, quarterly monetary outcomes and annual monetary outcomes.
So very, excellent quarter, concluding a really, excellent 12 months. $313 million in EBITDA for the quarter. That is roughly a 50% improve over the steerage that we had beforehand offered. So it was a giant beat for that. Very constructive outlook for 2025 and past. We had been confirming our steerage of $1 billion for this 12 months in complete. So by the numbers, a really, excellent report. The
