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Strad Inc. (T:SDY)

Business Focus: Oil Related Services

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Sector:  Energy Industry:  Oil Related Services and Equipment
 
See Regulatory Filings on SEDAR
Company Contact
Address: 440 2 Ave SW Suite 1200
CALGARY AB T2P 5E9
Tel: N/A
Website: https://www.stradinc.com
IR: See website
Key People
Mick McNulty
Chairman of the Board
Andrew R. C. Pernal
President, Chief Executive Officer, Director
Michael Donovan
Chief Financial Officer
Shane B. Hopkie
Chief Operating Officer
Barbara K. Gutierrez
Senior Vice President - Corporate Services
Jeff L. Messer
Vice President - Operations and Sales, U.S. Operations
Business Overview
Strad Inc., formerly Strad Energy Services Ltd., is engaged in providing a range of well-site and energy infrastructure solutions, including Surface Equipment, Environmental and Access Matting, Solids Control and Waste Management, EcoPond (frac-water storage), Drill Pipe and Matting Manufacturing. Its commodity exposure includes conventional and unconventional oil, liquids rich natural gas, and dry natural gas, as well as exposure to Energy Infrastructure projects related to oil sands, pipelines and power transmission. The Company provides energy services and solutions to various sectors of the North American oil and gas industry. Its products include light towers, premix tanks, glycol heaters, shale bins, wood mats, XLT mats, crane mats, steel lock interlocking mats, steel lock LT interlocking mats, Mobile Mat Washing Unit, WorkSafe Rig Mats, Floc Tanks, WebLock Composite Mats and Heavy Weight Drill Pipe.
Financial Overview
For the six months ended 30 June 2019, Strad Inc revenues increased 2% to C$57.6M. Net loss totaled C$142K vs. income of C$3.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects Depreciation increase of 25% to C$13.2M (expense), Interest expense increase from C$303K to C$661K (expense).
Employees: 512 as of Sep 30, 2010
Reporting Currency: Canadian Dollars
Enterprise value: $108.61M as of Jun 30, 2019
Annual revenue (TTM): $121.08M as of Jun 30, 2019
EBITDA (TTM): $31.70M as of Jun 30, 2019
Net annual income (TTM): -$4.62M as of Jun 30, 2019
Free cash flow (TTM): $0.32M as of Jun 30, 2019
Net Debt Last Fiscal Year: $20.58M as of Jun 30, 2019
Shares outstanding: 56,647,873 as of Aug 13, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization