Question · Q3 2026
Sam Schmidt inquired about the sustainability of Descartes' year-to-date Adjusted EBITDA growth, which is currently tracking towards the higher end of the 10%-15% target range, and how the company views future growth in this metric.
Answer
CEO Ed Ryan reiterated the 10%-15% Adjusted EBITDA growth target, noting that higher organic services growth (e.g., 7%) significantly aids in achieving this goal, especially when combined with strategic acquisitions. He emphasized the company's unwavering commitment to consistently growing Adjusted EBITDA annually, expressing confidence that this consistent financial performance will ultimately drive stock price appreciation.
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