WEB AG Growth International Inc Reports Q2 2024 Results
Revenue Decline, Adjustment Expectations, and Earnings Miss
Conference Call on August 8, 2024
WEB Ag Growth International Inc (OTCPK: AGGZF) has announced its financial results for the second quarter of 2024. The company reported a 10% decrease in revenue compared to the same period in 2023, with total revenue reaching $3517 million.
Despite the revenue decline, WEB Ag Growth International reaffirmed its expectations for a record full year performance. The company cited strong demand for its products and services, as well as cost-saving initiatives. However, the company's earnings missed analyst expectations, with consolidated revenue and adjusted EBITDA of $352 million and $68 million, respectively.
The company will host a conference call on August 8, 2024, at 8:00 AM ET to discuss its financial results and provide an outlook for the future. Interested individuals can access the call transcripts on the company's website.
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