Alithya Group inc
For the period ended Mar 31, 2024. Filed Jun 13, 2024.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2024 · Filed Jun 13, 2024
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Contents
EX-99.3 · Segment Reporting
8.7 Segment Reporting
Operating income by segment refers to operating income before head office general and administrative expenses and business acquisition, integration and reorganization costs, which are not considered when assessing the underlying financial performance of the reportable segments. Head office general and administrative expenses are expenses and salaries related to centralized functions, such as global finance, legal, human capital, and technology teams, which are not allocated to segments. This measure also excludes the effects of depreciation, amortization, and foreign exchange loss (gain).
The following tables present the Group's operations based on reportable segments:
| (in $ thousands) | Canada | U.S. | International | Total |
|---|---|---|---|---|
| $ | $ | $ | $ | |
| Revenues | 64,589 | 50,449 | 5,502 | 120,540 |
| Operating income by segment | 7,992 | 10,258 | 761 | 19,011 |
| Head office general and administrative expenses | 9,872 | |||
| Business acquisition, integration and reorganization costs | (1,414) | |||
| Foreign exchange loss | 152 | |||
| Operating income before depreciation and amortization | 10,401 | |||
| Depreciation and amortization | 6,098 | |||
| Operating income | 4,303 | |||
| (in $ thousands) | Canada | U.S. | International | Total |
|---|---|---|---|---|
| $ | $ | $ | $ | |
| Revenues | 81,158 | 49,289 | 5,777 | 136,224 |
| Operating income by segment | 10,490 | 7,572 | 688 | 18,750 |
| Head office general and administrative expenses | 13,996 | |||
| Business acquisition, integration and reorganization costs | 12,166 | |||
| Foreign exchange loss | 96 | |||
| Operating loss before depreciation and amortization | (7,508) | |||
| Depreciation and amortization | 10,414 | |||
| Operating loss | (17,922) | |||
| Management’s Discussion and Analysis of Financial Condition and Results of Operations of Alithya | |
|---|---|
| For the year ended March 31, 2024 | | 25 |
| (in $ thousands) | Canada | U.S. | International | Total |
|---|---|---|---|---|
| $ | $ | $ | $ | |
| Revenues | 277,544 | 192,493 | 21,088 | 491,125 |
| Operating income by segment | 32,913 | 32,830 | 2,480 | 68,223 |
| Head office general and administrative expenses | 40,471 | |||
| Business acquisition, integration and reorganization costs | 3,384 | |||
| Foreign exchange loss | 102 | |||
| Operating income before depreciation and amortization | 24,266 | |||
| Depreciation and amortization | 29,008 | |||
| Operating loss | (4,742) | |||
| (in $ thousands) | Canada | U.S. | International | Total |
|---|---|---|---|---|
| $ | $ | $ | $ | |
| Revenues | 312,349 | 189,883 | 20,469 | 522,701 |
| Operating income by segment | 35,964 | 26,736 | 2,953 | 65,653 |
| Head office general and administrative expenses | 40,401 | |||
| Business acquisition, integration and reorganization costs | 18,079 | |||
| Foreign exchange loss | 159 | |||
| Operating income before depreciation and amortization | 7,014 | |||
| Depreciation and amortization | 34,033 | |||
| Operating loss | (27,019) | |||
For a discussion of revenue variances by segment, refer to section 8.1 titled “Revenues”.
Operating income by segment in Canada decreased by $2.5 million, or 23.8%, to $8.0 million for the three months ended March 31, 2024, from $10.5 million for the three months ended March 31, 2023, due to decreased gross margin caused primarily by revenue decline, partially offset by decreased selling, general and administrative expenses related to operations.
Operating income by segment in the U.S. increased by $2.7 million, or 35.5%, to $10.3 million for the three months ended March 31, 2024, from $7.6 million for the three months ended March 31, 2023, due to increased revenues and gross margin and decreased selling, general and administrative expenses related to operations.
Operating income for the international segment increased by $0.1 million, or 10.6%, to $0.8 million for the three months ended March 31, 2024, from $0.7 million for the three months ended March 31, 2023, due to increased gross margin.
Operating income by segment in Canada decreased by $3.1 million, or 8.5%, to $32.9 million for the twelve months ended March 31, 2024, from $36.0 million for the twelve months ended March 31, 2023, due to decreased gross margin caused primarily by revenue decline, partially offset by decreased selling, general and administrative expenses related to operations.
| Management’s Discussion and Analysis of Financial Condition and Results of Operations of Alithya | |
|---|---|
| For the year ended March 31, 2024 | | 26 |
Operating income by segment in the U.S. increased by $6.1 million, or 22.8%, to $32.8 million for the twelve months ended March 31, 2024, from $26.7 million for the twelve months ended March 31, 2023, due to increased revenues and gross margin and decreased selling, general and administrative expenses related to operations.
Operating income for the international segment decreased by $0.5 million, or 16.0%, to $2.5 million for the twelve months ended March 31, 2024, from $3.0 million for the twelve months ended March 31, 2023, due to decreased gross margin and increased selling, general and administrative expenses related to operations.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.