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 MISSISSAUGA ON L5K 2S3 |
| Tel: | 1-905-5017373 |
| Website: | https://cargojet.com |
| 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 | |
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