Pason Systems Inc Q3 2020 Earnings Call Transcript

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

Question: Keith MacKey - RBC Capital Markets, Research Division - Analyst : Just on first one. So the North American rental and services and local admin expense actually did quite well, no doubt reflecting some of the changes you've recently made to the business. Just wondering if that $10 million to $11 million is kind of the new baseline where we should expect to jump off from? Or would that kind of would that shift around as revenue changes from Q3 to Q4 and into the latter half of 2021?

Question: Keith MacKey - RBC Capital Markets, Research Division - Analyst : Got it. Okay. Okay. Makes sense. And just one that kind of caught my eye from a comment you made sort of near the end of your prepared remarks about being prepared for attractive opportunities as they may present themselves. Do you foresee that being more organic? Or would you look at this point in the cycle to augment your business with some inorganic opportunities as well?

Question: John Gibson - BMO Capital Markets Equity Research - Analyst : First off, how are you prioritizing free cash flow and large cash bonds going forward, just regarding potential dividend payments, share buybacks and maybe further growth in your solar platform?

Question: John Gibson - BMO Capital Markets Equity Research - Analyst : Okay. Great. That's fair. Second one for me. Just -- this is more of a high level one, if you look out sort of 5 years down the road, how do you envision Pason's revenue split between your core oil and gas offerings and maybe other alternative business such as your solar platform? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 05, 2020 / 4:00PM, PSI.TO - Q3 2020 Pason Systems Inc Earnings Call

Question: John Gibson - BMO Capital Markets Equity Research - Analyst : Okay. That's fair. And then just last one for me. I know you talked a little bit on this in your preamble. Can you just talk -- touch a little bit more on recent M&A across North America? And any sort of big move in market share you expect going forward?