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: Keith MacKey - RBC Capital Markets, Research Division - Analyst
: I imagine it varies by product and geography, but how close has pricing come to returning to pre-pandemic levels.
Question: Keith MacKey - RBC Capital Markets, Research Division - Analyst
: Got it. Fair enough. And just curious, what is the pathway for EBITDA margins to get back to that mid-40% range that we saw kind of 2018 to 2019?
Do rig counts need to return to those -- the levels we saw then? Or do you think you can get margins back to that level in a lower rig count
environment?
Question: Keith MacKey - RBC Capital Markets, Research Division - Analyst
: Got it. Okay. Okay. Perfect. And one last one for me. Can you just maybe break down the $30 million CapEx spend as far as the $5 or so million
carryover, maybe $10-or-so million of maintenance? And then what is the additional growth allocated to, and if you could just kind of break that
down as far as your -- what you're planning to get for that CapEx expense?
Question: John Gibson - BMO Capital Markets Equity Research - Analyst
: Congrats on the solid run here. First off, just internationally, your numbers continue to move up. Are you seeing market share wins and pricing
gains in various international markets? Or is it more just to do with generally higher activity levels?
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FEBRUARY 23, 2022 / 4:00PM, PSI.TO - Q4 2021 Pason Systems Inc Earnings Call
Question: John Gibson - BMO Capital Markets Equity Research - Analyst
: Got it. And then last, just on the dividend, it was obviously nice to see the increase this quarter. Previously, you've kind of guided to moving the
dividend up in tandem with rising activity levels and obviously, financial performance. So can we assume the strategy will continue, particularly
given where rig counts are tracking? And then maybe, I guess, more specifically, where do we need to see activity levels move in order to see
another increase?
Question: John Gibson - BMO Capital Markets Equity Research - Analyst
: I guess if you can get more specific, what would be that sort of percentage that you're looking at now of free cash flow versus pre-pandemic levels?
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