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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
Tel: 1-905-5017373
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