Jeffrey Feldman's questions to Geospace Technologies Corp (GEOS) leadership • Q4 2024
Question
Jeffrey Feldman from Primary Succession Capital asked about the timing of the Russian entity divestiture, questioning why the action wasn't taken sooner, and inquired about the operational impact of no longer having that resource.
Answer
President and CEO Richard Kelley explained the decision was driven by recent sanctions placed on large Russian seismic contractors, which created a risk of being forced to violate U.S. sanctions. He clarified that the operational impact is minimal, as the company had proactively established manufacturing with a third party in Malaysia and enhanced its Houston operations to mitigate any disruption.