North West Company Inc Q1 2019 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Stephen MacLeod - BMO Capital Markets Equity Research - Analyst : It's Stephen MacLeod from BMO. I just had 2 quick follow-up questions. When we went through the Q1 numbers, Ed, you highlighted sort of a lot of these onetime impacts that impacted the quarter, ranging from higher inventory, freight coverage, impact from planes being grounded. You just called out insurance costs this quarter, is it safe to assume that those other incremental costs have all kind of fallen away between then and now?

Question: Stephen MacLeod - BMO Capital Markets Equity Research - Analyst : The third one was when you talk about freight business, some of the things in Q1, freight coverage. without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. JUNE 12, 2019 / 7:00PM, NWC.TO - Q1 2019 North West Company Inc Earnings Call

Question: Stephen MacLeod - BMO Capital Markets Equity Research - Analyst : Okay. That's helpful. And then in terms of NSA, just wanted to get a sense of, you talked about the utilization and maintenance costs, it seems like they've both disappeared, so is it fair to assume that you would still expect that to be in the free cash flow range of kind of $8 million to $10 million that you've highlighted in the past?

Question: Stephen MacLeod - BMO Capital Markets Equity Research - Analyst : Okay. That's great. And then, finally, maybe just one for John. Could you just sort of tell us how much IFRS 16 impacted EBITDA on the quarter?

Question: Stephen MacLeod - BMO Capital Markets Equity Research - Analyst : Okay. That's great. Yes, I saw that. That's very helpful. I just wasn't sure what the Q1 '19 impact, I hadn't seen it in the table, so maybe I'll just take another look, but it's roughly $7 million you were saying for Q1 '19?