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Vertex Resource Group Ltd. (V:VTX)

Business Focus: Environmental Services & Equipment

Sector:  Industrials Industry:  Environmental Services & Equipment
See Regulatory Filings on SEDAR
Company Contact
Address: 161-2055 Premier Way
Tel: N/A
IR: See website
Key People
Business Overview
Vertex Resource Group Ltd is a Canada-based provider of environmental services. From initial site selection, consultation and regulatory approval, through construction, operation and maintenance, to conclusion and environmental cleanup, the Company provides a wide array of services to customers operating in industries such as upstream and midstream oil and gas, utilities, telecommunication, forestry, agriculture and government. The Company operates two operating segments: Environmental Services and Industrial Services. Through Environmental Services segment, the Company provides a variety of services related to assisting its clients to meet internal environmental standards, environmental legislation and related environmental compliance requirements. Through Industrial Services segment, the Company offers services related to infrastructure and facility construction, as well as the maintenance of those assets.
Financial Overview
For the three months ended 31 March 2021, VertexResource Group Ltd revenues decreased 14% to C$32.9M. Netloss decreased 90% to C$571K. Revenues reflect Environmental Services segment decrease of 19% to C$21.1M, Otherssegment decrease of 27% to C$795K. Lower net loss reflectsDepreciation decrease of 35% to C$3M (expense),Restructuring costs decrease from C$629K (expense) to C$0K.
Employees: 650 as of Dec 31, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $109.63M as of Mar 31, 2021
Annual revenue (TTM): $130.65M as of Mar 31, 2021
EBITDA (TTM): $23.67M as of Mar 31, 2021
Net annual income (TTM): -$0.67M as of Mar 31, 2021
Free cash flow (TTM): $12.22M as of Mar 31, 2021
Net Debt Last Fiscal Year: $96.66M as of Mar 31, 2021
Shares outstanding: 91,253,115 as of Mar 31, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization