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: Elizabeth Johnston - Laurentian Bank Securities, Inc., Research Division - Analyst
: Wanted to go back to some of the discussion in the U.K. and the strong organic growth. Can you give us any more insight into what's driving the
strong growth there, whether it's new customers or more volume from existing customers or somewhere in between those things?
Question: Elizabeth Johnston - Laurentian Bank Securities, Inc., Research Division - Analyst
: And when it comes to this new business, are you being a little more aggressive when it comes to bidding on new work? Was there an exit from a
competitor in that market? I'm just trying to understand the dynamic.
Question: Elizabeth Johnston - Laurentian Bank Securities, Inc., Research Division - Analyst
: Great. And continuing on the discussion of the U.K. I know at the time of acquisition, you discussed specific CapEx initiatives, new equipment for
Fishers. Maybe you can give us a summary of -- since acquisition, whether equipment has been ordered or delivered? And how far you are along
with that plan?
Question: Elizabeth Johnston - Laurentian Bank Securities, Inc., Research Division - Analyst
: And so when it comes to seeing -- looking ahead and seeing potential for margin improvement in that segment, specifically compared to the time
of acquisition, would you say you're 50% the way through what you thought you'd be able to achieve? Or any comment on that?
Question: Elizabeth Johnston - Laurentian Bank Securities, Inc., Research Division - Analyst
: Okay. Great. And my final question, just a housekeeping item. If you could remind us what [factor] we should be using looking ahead.
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