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On May 21, 2024, Suburban Propane Partners (NYSE:SPH), conducted its Tri-Annual Meeting of Unitholders. All eight nominees for the Board of Supervisors were re-elected for a three-year term. The Unitholders ratified PricewaterhouseCoopers LLP as the independent accounting firm for 2024 and approved the Amended and Restated 2018 Restricted Unit Plan, authorizing the issuance of an additional 2,650,000 common units. An advisory amendment approving executive compensation was also passed. Detailed voting results are available on Suburban Propane's website and in their SEC filing.
Suburban Propane Partners (NYSE: SPH), a nationwide distributor of propane and related products, has been recognized in the 2023 Military Times: Best for Vets Employers ranking. This annual survey highlights companies with exemplary military-connected employment programs. Suburban Propane's inclusion among the top 230 employers nationwide underscores its commitment to providing meaningful career opportunities for veterans. The company's 'Heroes Hired Here' program is a testament to its efforts in supporting former military service members. Suburban Propane's dedication to veterans aligns with its core values and commitment to fostering a diverse and inclusive workplace.
Suburban Propane Partners, L.P. (SPH) was recognized by the Nevada Department of Veterans Services for its commitment to hiring veterans. The company supports the Patriot Employer Program and has a workforce comprised of 14.7% veterans. Suburban Propane collaborates with veterans' organizations nationwide and has received recognition for its efforts.
Suburban Propane Partners, L.P. announced earnings for the second quarter of fiscal 2024, with a net income of $111.5 million and Adjusted EBITDA of $147.0 million. The warmer weather affected customer demand for heating purposes, leading to a decrease in retail propane gallons sold. Despite this, the company continues to focus on strategic growth initiatives, including renewable natural gas operations.
Suburban Propane Partners, L.P. collaborated with Operation Adopt A Soldier to create 500+ care packages for troops, including snacks, games, and letters from employees. The company collected donations from local Customer Service Centers and supports various community efforts. Operation Adopt A Soldier is a volunteer organization aiming to raise awareness of soldiers' sacrifices and provide comfort to troops. Both organizations are dedicated to supporting the military and giving back to the community.