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Cargojet Inc. (T:CJT)

Business Focus: Air Freight

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 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 2022, Cargojet Inc revenues increased 37% to C$712.9M. Net income increased from C$65.4M to C$187.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Fair value (decrease) increase on stock increase from C$10.4M to C$133.2M (income), Bonuses and incentives decrease of 49% to C$4.5M (expense).
Employees: 1,496 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $2,422M as of Sep 30, 2022
Annual revenue (TTM): $948.80M as of Sep 30, 2022
EBITDA (TTM): $339.00M as of Sep 30, 2022
Net annual income (TTM): $289.90M as of Sep 30, 2022
Free cash flow (TTM): -$259.00M as of Sep 30, 2022
Net Debt Last Fiscal Year: $593.50M as of Sep 30, 2022
Shares outstanding: 17,654,429 as of Sep 30, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization