The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Tim Mullen - Laurelton Management - Analyst
: Hi, thanks very much. I have two quick questions. One is just curious to hear your views in terms of what's driving the increase in the service and
installation, business. I don't know if it was maybe a focus for some of the recent acquisitions, or maybe it's a function of kind of colder weather
and that we're requiring more service, you know, services to be completed. And then the second question is just in terms of customer credit didn't
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FEBRUARY 06, 2025 / 4:00PM, SGU.N - Q1 2025 Star Group LP Earnings Call
seem like there was any dramatic changes in terms of, provisions and write offs, but just curious, anecdotally, if you've seen any weakening in terms
of, people's ability to pay and pay on time. Thanks.
Question: Tim Mullen - Laurelton Management - Analyst
: Sure. Alright, thanks very much.
Question: Michael Prouting - 10K Capital LLC - Analyst
: Morning guys. Congratulations on just terrific execution across the board. Just a couple of questions. So as far as capital allocation is concerned,
congratulations on the recent spate of acquisitions. I'm just wondering what your thinking is at this point in terms of your in terms of both, additional
further acquisitions, your ability to execute on those and also capital allocation in terms of dividends and share buybacks. Thanks.
Question: Michael Prouting - 10K Capital LLC - Analyst
: Okay. Terrific. So it doesn't sound like then and obviously, this is a, as I'm sure Rich is wanting to remind us, obviously, it is a decision for the board
of directors, but it doesn't sound like the recent acquisitions you've made should prevent further modest increases in the distribution going forward.
Question: Michael Prouting - 10K Capital LLC - Analyst
: Okay, terrific. Thanks. And, just finally, Jeff, any observations on customer churn, you know, either as a function of the current heating season or
acquisitions you've made or just, I guess anything new on the customer care in front. Thanks.
Question: Michael Prouting - 10K Capital LLC - Analyst
: Okay, great. Thanks for the updates.
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