Sector: Industrials | Industry: Courier, Postal, Air Freight & Land-based 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 | ||
Ajay Virmani President, Chief Executive Officer, Director | Sanjeev Maini Interim Chief Financial Officer | Paul Rinaldo Senior Vice President - Engineering and Maintenance |
Pauline Dhillon Chief Corporate Officer | Jamie B. Porteous Chief Strategy Officer |
Business Overview |
Cargojet Inc. is a Canada-based company, which is a provider of time sensitive domestic network air cargo services. The Company's air cargo business is comprised of the following: operating a domestic network air cargo co-load network between approximately 15 Canadian cities; providing dedicated aircraft to customers on an aircraft, crew, maintenance and insurance (ACMI) basis, operating between points in Canada, the United States of America (USA), Mexico and Europe; and operating scheduled international routes for multiple cargo customers between the USA and Bermuda, between Canada and Germany; and between Canada and Mexico. The Company operates its business across North America transporting time sensitive air cargo each business night utilizing its fleet of all-cargo aircraft. It operates over 80 flight legs each business night using a combination of B767-300F; B767-200F and B757-200F aircraft. It also operates approximately 10 dedicated ACMI routes. |
Financial Overview |
For the three months ended 31 March 2022, Cargojet Inc revenues increased 46% to C$233.6M. Net loss totaled C$56.4M vs. income of C$89.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects EBITDAR - Total decrease from C$127.9M to -C$6M, Fair value increase (decrease) on stock increase from C$81.9M (income) to C$86.8M (expense). |
Employees: | 1,496 as of Dec 31, 2021 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $2,729M as of Mar 31, 2022 |
Annual revenue (TTM): | $831.10M as of Mar 31, 2022 |
EBITDA (TTM): | $305.40M as of Mar 31, 2022 |
Net annual income (TTM): | $21.60M as of Mar 31, 2022 |
Free cash flow (TTM): | -$84.60M as of Mar 31, 2022 |
Net Debt Last Fiscal Year: | $340.10M as of Mar 31, 2022 |
Shares outstanding: | 17,776,501 as of Mar 31, 2022 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |