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Ag Growth International Inc. (T:AFN)

Business Focus: Agriculture Support Services

Sector:  Consumer Non-Cyclicals Industry:  Fishing & Farming
 
See Regulatory Filings on SEDAR
Company Contact
Address: 198 Commerce Dr
WINNIPEG MB R3P 0Z6
Tel: N/A
Website: www.aggrowth.com
IR: See website
Key People
Timothy Jackson Close
President, Chief Executive Officer, Director
Steve Sommerfeld
Chief Financial Officer, Executive Vice President, Corporate Secretary
Ryan Kipp
Vice President - Legal, General Counsel
David Postill
Vice President - Marketing
Paul Brisebois
Vice President - Farm
Gurcan Kocdag
Vice President - Global Manufacturing
Business Overview
Ag Growth International Inc. is Canada-based manufacturer of seed, fertilizer, grain, feed and food handling, blending, storage and conditioning equipment. The Company has manufacturing facilities in Canada, the United States, Brazil, France, India, South Africa and Italy, and distributes its products globally. The Company offers variety of products such as augers, belt conveyors, and a range of grain equipment that stores, handles, ventilates, and dries clients grain. The Company also offers feed, food and fertilizer handling and storage systems. The Company is owner of a number of brands such as BATCO, Wheatheart, Westfield, The STORM, REM, Hutchinson, Mayrath, Hi Roller, Union Iron, TRAMCO, PTM Technology, VIS, NuVision, Yargus, Brownie and York.
Financial Overview
For the nine months ended 30 September 2019, Ag Growth International Inc revenues increased 7% to C$767.2M. Net income decreased 40% to C$22.9M. Revenues reflect United States segment increase of 7% to C$325.8M, International segment increase of 10% to C$176.7M. Net income was offset by SGA increase from C$26.3M to C$130.8M (expense), Other operating expense (income) [note 6 decrease of 74% to C$2.6M (income).
Employees: 2,780 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $1,382M as of Sep 30, 2019
Annual revenue (TTM): $982.85M as of Sep 30, 2019
EBITDA (TTM): $124.29M as of Sep 30, 2019
Net annual income (TTM): $11.06M as of Sep 30, 2019
Free cash flow (TTM): -$73.88M as of Sep 30, 2019
Net Debt Last Fiscal Year: $770.15M as of Sep 30, 2019
Shares outstanding: 18,658,479 as of Jan 24, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization