Alithya Group Inc. (NASDAQ:ALYA) Q2 2024 Earnings Call Transcript

Vincent Colicchio: Paul, any change in your capital allocation focus in the current environment? I’m curious, will you be proactive on acquisitions in some of these higher-margin areas currently?

Paul Raymond: We’re always looking at Vince. Again, we’re seeing a lot of activity and targets. The three key things I always say, we want the right target at the right price, that’s actually for sale. We’re staying very disciplined on that and our eyes are wide open, and we’re looking. So when the right one comes by, we’ll be ready.

Vincent Colicchio: Has there been any improvement in the multiples?

Paul Raymond: For the quality assets, we haven’t seen any decrease. Quality assets, if anything, I think, are drawing more attention. And of course, there’s a lot of stuff out there that’s for sale that we don’t necessarily want to touch. But quality assets are still a very high demand.

Operator: There are no further questions at this time. Please proceed.

Paul Raymond: Thank you, Joel. Thank you, everybody, for joining us today. And I know the holiday season is almost upon us. So enjoy the holidays, and despite everything that’s going on, I hope you have a lot of peace and joy in the next few months. And thanks for joining us today. Bye-bye.

Operator: Ladies and gentlemen, this concludes your conference call for today. We thank you for participating and ask that you please disconnect your lines.