Tornado Global Hydrovacs Ltd. (V:TGH)
Business Focus: Heavy Machinery & Vehicles (NEC)
| Sector: Industrials | Industry: Heavy Machinery & Vehicles |
| Company Contact | |
| Address: | 7015 Macleod Trail SW Suite 510 CALGARY AB T2H 2K6 |
| Tel: | N/A |
| Website: | https://www.tornadotrucks.com |
| IR: | See website |
| Key People | ||
| Brett Newton President, Chief Executive Officer | Alastair J. Robertson Chief Financial Officer | Derek Li Vice President - Finance, Controller | Rockford Rollins Vice President - Operations |
| Business Overview |
| Tornado Global Hydrovacs Ltd. is a Canada-based company, which designs, fabricates, manufactures and sells hydrovac trucks, as well as provides heavy duty truck maintenance operations in central Alberta. The Company sells hydrovac trucks to excavation service providers in the infrastructure and industrial construction, and oil and gas markets. Hydrovac trucks use high pressure water and vacuum to safely penetrate and cut soil to expose critical infrastructure for repair and installation without damage. Its segment includes North American, which is engaged in manufacturing and sales operations. Its hydrovac trucks offering include F2 ECO-LITE, F3 ECO-LITE, F4 ECO-LITE and F5 Eco-Lite. The F2 ECO-LITE's overall height is approximately 11-foot 6-inch and length is 31-foot-6 inch. F3 ECO-LITE has a capacity of 10 cubic yards and a water capacity of 1250 US gallons. In China, the Company's subsidiary is used principally to source certain parts to the Company's North America operations. |
| Financial Overview |
| For the nine months ended 30 September 2023, Tornado Global Hydrovacs Ltd revenues increased 86% to C$71.7M. Net income increased 48% to C$2.8M. Revenues reflect Other gain (loss) - foreign exchange increase of 77% to -C$49K. Net income was partially offset by Stock-based Compensation in SGA increase from C$92K to C$864K (expense), Selling/General/Admin Expense increase of 35% to C$2.3M (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $75.73M as of Dec 31, 2023 |
| Annual revenue (TTM): | $92.37M as of Dec 31, 2023 |
| EBITDA (TTM): | $6.44M as of Dec 31, 2023 |
| Net annual income (TTM): | $3.36M as of Dec 31, 2023 |
| Free cash flow (TTM): | $0.62M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $8.38M as of Dec 31, 2023 |
| Shares outstanding: | 135,871,119 as of Sep 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Canadianinsider.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Read more...Insider information is based on filings made on the System
for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission.Read less
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Interactive technical study charts by TradingView. Copyright © 2024 INK Research Corp. All rights reserved. All trade-marks or trade names not owned by INK Research Corp. are the property of their respective owners.
