Ag Growth International Inc. (T:AFN)
Business Focus: Agricultural Machinery
| Sector: Industrials | Industry: Heavy Machinery & Vehicles |
| Company Contact | |
| Address: | 198 Commerce Dr WINNIPEG MB R3P 0Z6 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| Paul D. Householder President, Chief Executive Officer, Director | Jim Rudyk Chief Financial Officer | Rajan Aggarwal Chief Executive Officer - AGI Milltec |
| Nicole Parker Senior Vice President - Finance | Ryan Kipp Senior Vice President - Legal, General Counsel and Corporate Secretary | David Postill Senior Vice President - Marketing and Customer Experience |
| Marie Mckeegan Senior Vice President - Human Resources | Paul Brisebois Senior Vice President - Canada Farm | Scott Mckernan Senior Vice President - U.S. Farm |
| Business Overview |
| Ag Growth International Inc. is a provider of the equipment and solutions required to support the storage, transport, and processing of food globally. The Company provides equipment solutions for agriculture bulk commodities, including seed, fertilizer, grain, rice, feed, and food processing systems. It has manufacturing facilities in Canada, the United States, Brazil, Italy, France, and India and distributes its products globally. Its segments include Farm and commercial. Its Farm segment focuses on the needs of on-farm customers, and its product offerings include grain, seed, and fertilizer handling equipment; aeration products; grain and fuel storage solutions, and grain management technologies. Its Commercial segment focuses on commercial entities, such as port facility operators, food processors and elevators. Its product offerings include larger diameter grain storage bins and high-capacity grain handling equipment; food and feed handling storage and processing equipment. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Ag Growth International Inc revenues increased 5% to C$1.53B. Net income totaled C$68.9M vs. loss of C$50.6M. Revenues reflect Farm segment increase of 7% to C$832M, Commercial segment increase of 2% to C$694.7M, International segment increase of 8% to C$512.8M, Canada segment increase of 6% to C$352.5M. Net Income reflects Impairment charge decrease of 97% to C$2.2M (expense). |
| Employees: | 4,987 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1,971M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,527M as of Dec 31, 2023 |
| EBITDA (TTM): | $241.58M as of Dec 31, 2023 |
| Net annual income (TTM): | $68.89M as of Dec 31, 2023 |
| Free cash flow (TTM): | $37.57M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $818.91M as of Dec 31, 2023 |
| Shares outstanding: | 19,005,846 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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