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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
Tel: 1-905-5017373
IR: See website
Key People
Ajay Virmani
President, Chief Executive Officer, Director, Founder
Scott Calver
Chief Financial Officer
Paul Rinaldo
Senior Vice President - Engineering and Maintenance
Sanjeev Maini
Vice President - Finance
Jamie B. Porteous
Chief Strategy Officer
Pauline Dhillon
Chief Corporate Officer
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. It 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 34 aircraft.
Financial Overview
For the nine months ended 30 September 2023, Cargojet Inc revenues decreased 8% to C$655.6M. Net income decreased 62% to C$72.1M. 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 43% to C$75.3M (income), Credit facilities and other interest increase from C$3.2M to C$24.2M (expense).
Employees: 1,802 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $2,362M as of Sep 30, 2023
Annual revenue (TTM): $922.60M as of Sep 30, 2023
EBITDA (TTM): $283.10M as of Sep 30, 2023
Net annual income (TTM): $74.90M as of Sep 30, 2023
Free cash flow (TTM): -$189.70M as of Sep 30, 2023
Net Debt Last Fiscal Year: $763.60M as of Sep 30, 2023
Shares outstanding: 17,661,742 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization