ECN Capital Corp. (T:ECN*CA)
Business Focus: Corporate Financial Services (NEC)
| Sector: Financials | Industry: Corporate Financial Services |
| Company Contact | |
| Address: | 161 Bay Street,, Suite 2800 TORONTO ON M5J 2S1 |
| Tel: | N/A |
| Website: | https://www.ecncapitalcorp.com |
| IR: | See website |
| Key People | ||
| Steven K. Hudson Chief Executive Officer, Director | Jacqueline Weber Chief Financial Officer | Lance Hull President of Triad |
| Matthew Heidelberg Chief Operating Officer of Triad Financial Services | Algis Vaitonis Chief Credit Officer | |
| Business Overview |
| ECN Capital Corp. is a Canada-based company. The Company is a provider of business services to North American banks, credit unions, life insurance companies, pension funds and institutional investors (collectively, its Partners). It originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial (inventory finance or floorplan) loans. The Company operates through two segments: Manufactured Housing Finance, and Recreational Vehicles (RV) and Marine Finance. Its business segment includes Triad Financial Services, Source One Financial, and Intercoastal Finance Group. The Triad Financial Services is a portfolio solutions platform focused on originating and managing longer duration secured consumer loan portfolios for active partner. The Source One Financial originates prime and super-prime loans to consumers to facilitate the purchase of recreational and marine vehicles. |
| Financial Overview |
| For the nine months ended 30 September 2024, ECN Capital Corp revenues increased 32% to $174.1M. Net income applicable to common stockholders totaled $3.9M vs. loss of $56.9M. Revenues reflect Manufactured Housing Finance segment increase of 31% to $146.7M, RV and Marine Finance segment increase of 38% to $26M. Net Income reflects Asset disposal , litigation and corporat decrease from $19.6M (expense) to $0K. |
| Employees: | 620 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,358M as of Sep 30, 2024 |
| Annual revenue (TTM): | $287.35M as of Sep 30, 2024 |
| EBITDA (TTM): | $98.27M as of Sep 30, 2024 |
| Net annual income (TTM): | -$75.12M as of Sep 30, 2024 |
| Free cash flow (TTM): | $45.36M as of Sep 30, 2024 |
| Net Debt Last Fiscal Year: | $893.60M as of Sep 30, 2024 |
| Shares outstanding: | 281,142,645 as of Dec 13, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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