Cargojet Inc. (T:CJT)
Business Focus: Air Freight
| Sector: Industrials | Industry: Courier, Postal, Air Freight & Land-based Logistics |
| Company Contact | |
| Address: | 2281 North Sheridan Way MISSISSAUGA ON L5K 2S3 |
| Tel: | 1-905-5017373 |
| Website: | https://cargojet.com |
| IR: | See website |
| Key People | ||
| Ajay Virmani Executive Chairman of the Board, Founder | Jamie B. Porteous Co-Chief Executive Officer | Pauline Dhillon Co-Chief Executive Officer |
| Scott Calver Chief Financial Officer | Leo Cordeiro Senior Vice President - Maintenance and Engineering | George Sugar Senior Vice President - Regulatory Compliance |
| Business Overview |
| Cargojet Inc. is a Canada-based company, which is a provider of time-sensitive premium air cargo services to all major cities across North America. The Company also provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis, operating between points in Canada, the United States of America, Mexico, South America, Europe, and Asia. The Company operates scheduled international routes for multiple cargo customers between the United States of America and Bermuda, Canada, the United Kingdom, and Germany, and between Canada and Mexico. The Company offers ACMI, and international charter services and carries approximately 25,000,000 pounds of cargo weekly. It operates its network with its own fleet of 39 aircraft. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Cargojet Inc revenues decreased 10% to C$877.5M. Net income decreased 80% to C$37.3M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Fair value decrease on stock warrant decrease of 63% to C$44.7M (income), Credit facilities and other interest increase from C$11.8M to C$33.6M (expense). |
| Employees: | 1,838 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $2,702M as of Dec 31, 2023 |
| Annual revenue (TTM): | $877.50M as of Dec 31, 2023 |
| EBITDA (TTM): | $281.80M as of Dec 31, 2023 |
| Net annual income (TTM): | $37.20M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$93.60M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $767.40M as of Dec 31, 2023 |
| Shares outstanding: | 17,319,486 as of Feb 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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