Q: please comment on spb press release Aug 10 Certarus places largest single order
of msus.
thank you.
of msus.
thank you.
5i Research Answer:
SPB has ordered $54M in mobile pipeline units, to store a variety of gases. It is a big order for the supplier, and still a decent sign for SPB that customer demand is very strong. As an indicator, SPB held $153M in inventory at the end of 2022. Customers are seeking more ways to faster reduce emissions, and the units will allow SPB to deliver more gas with fewer trips. It is a good sign but we would not read too much into this overall.