Cargojet Inc. (T:CJT)
Business Focus: Air Freight
| Sector: Industrials | Industry: Air Freight & Logistics |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 2281 North Sheridan Way MISSISSAUGA ON L5K 2S3 |
| Tel: | 1-905-5017373 |
| Website: | www.cargojet.com |
| IR: | See website |
| Key People | ||
| James R. Crane Independent Chairman of the Board | Ajay Virmani President, Chief Executive Officer, Director | John Kim Chief Financial Officer, Vice President - Governance, Corporate Secretary |
| Pauline Dhillon Executive Vice President, Marketing, Public & Government Relations | Jamie B. Porteous Executive Vice President, Chief Commercial Officer | Paul Rinaldo Senior Vice President - Engineering and Maintenance | George Sugar Senior Vice President - Flight Operations |
| Business Overview |
| Cargojet Inc. is a provider of time sensitive overnight air cargo services. The Company's cargo business comprises operating a domestic overnight air cargo co-load network between over 10 Canadian cities; providing aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States and Europe; operating scheduled international routes for multiple cargo customers between the United States and Bermuda, and between Canada and Europe, and providing dedicated aircraft to customers on an adhoc charter basis operating between points in Canada, the United States and other international destinations. Within its overnight network, the Company also provides domestic air cargo services for a range of international airlines between points in Canada that connect such airlines' gateways to Canada. The Company's freighter aircraft fleet includes B767-200, B757-200, B757-200 and Challenger 601, among others. |
| Financial Overview |
| For the nine months ended 30 September 2019, Cargojet Inc revenues increased 8% to C$346.9M. Net income increased 16% to C$16.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from EBITDAR - Total increase of 31% to C$124.1M, Foreign Exchange Gain/Loss'€“Non-Business. decrease from C$1.8M (expense) to C$2.5M (income). |
| Employees: | 1,019 as of Dec 31, 2018 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $2,389M as of Sep 30, 2019 |
| Annual revenue (TTM): | $479.50M as of Sep 30, 2019 |
| EBITDA (TTM): | $147.80M as of Sep 30, 2019 |
| Net annual income (TTM): | $22.40M as of Sep 30, 2019 |
| Free cash flow (TTM): | -$70.30M as of Sep 30, 2019 |
| Net Debt Last Fiscal Year: | $715.80M as of Sep 30, 2019 |
| Shares outstanding: | 14,000,301 as of Nov 4, 2019 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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