Vertex Resource Group Ltd. (V:VTX*CA)

Business Focus: Environmental Services & Equipment (NEC)

Sector:  Industrials Industry:  Environmental Services & Equipment
Company Contact
Address: 161, 2055 Premier Way,
Tel: N/A
IR: See website
Key People
Brian F. Butlin
Chairman of the Board
Terry Allan Stephenson
President, Chief Executive Officer, Director, Founder
Sherry Bielopotocky
Chief Financial Officer, Corporate Secretary
Paul Blenkhorn
Vice President, Consulting Services
Chris Challis
Vice President, Logistics
Cory Fuller
Business Development Manager
Business Overview
Vertex Resource Group Ltd. is a Canada-based provider of environmental and industrial services. It provides environmental consulting and support services to a diverse clientele across Canada and in select locations in the United States. The Company's segment includes Engineering and Environmental Consulting, which consists of a variety of services related to assisting its clients to meet internal environmental standards, environmental legislation and related environmental compliance requirements. These services span multiple industries, including energy, utilities, forestry, private development, public infrastructure, telecommunications and government, and Environmental Services segment that consists of a variety of services related to transportation; removal, storage and disposal of materials; and maintenance of facilities in an environmentally safe manner. Services include fluid management and logistics, waste and recycling, industrial cleaning and maintenance, and hydro-excavating.
Financial Overview
For the three months ended 31 March 2024, Vertex Resource Group Ltd revenues increased 3% to C$58.5M. Net loss totaled C$1.4M vs. income of C$1M. Revenues reflect Environmental Consulting segment increase of 19% to C$15.5M. Net loss reflects General and administrative expenses increase of 8% to C$6.4M (expense), Depreciation and amortization increase of 6% to C$5.9M (expense).
Employees: 2,000 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $169.63M as of Mar 31, 2024
Annual revenue (TTM): $248.96M as of Mar 31, 2024
EBITDA (TTM): $35.99M as of Mar 31, 2024
Net annual income (TTM): $0.08M as of Mar 31, 2024
Free cash flow (TTM): $23.65M as of Mar 31, 2024
Net Debt Last Fiscal Year: $132.89M as of Mar 31, 2024
Shares outstanding: 112,026,890 as of May 21, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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