Westshore Terminals Investment Corporation (T:WTE)
Business Focus: Marine Port Services (NEC)
| Sector: Industrials | Industry: Marine Port Services |
| Company Contact | |
| Address: | Suite 1800, 1067 West Cordova Street VANCOUVER BC V6C 1C7 |
| Tel: | N/A |
| Website: | https://www.westshore.com |
| IR: | See website |
| Key People | ||
| William W. Stinson Chairman of the Board, Chief Executive Officer | M. Dallas H. Ross Chief Financial Officer, Director | Nick Desmarais Vice President - Corporate Development, Secretary, Director |
| Business Overview |
| Westshore Terminals Investment Corporation is a Canada-based company, which owns all of the limited partnership units of Westshore Terminals Limited Partnership (Westshore). The Company invests in Westshore by way of distributions on Westshore's limited partnership units. Westshore operates a coal storage and unloading/loading facility at Roberts Bank, British Columbia. Westshore receives handling charges from its customers for throughput volume. Coal is delivered to the Terminal in unit trains operated by Canadian Pacific Railway, BNSF Railway, and Canadian National Railway. The product is unloaded and either directly loaded onto a ship or stockpiled for future ship loading. The loaded ships are then destined around the globe to approximately 16 different countries. Westar Management Ltd. (the Manager) provides management services to Westshore and administrative services to the Company. The manager also provides insurance and vehicle leasing services to the Company. |
| Financial Overview |
| For the three months ended 31 March 2024, Westshore Terminals Investment Corp revenues decreased 14% to C$84.8M. Net income decreased 54% to C$15.2M. Revenues reflect Coal loading decrease of 11% to C$79.8M, Other decrease of 49% to C$4.9M. Net income also reflects Int exp on Financial Lease Liabilitie increase from C$2.3M to C$5M (expense), Foreign exchange gain (loss) decrease from C$325K (income) to C$731K (expense). |
| Employees: | 423 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1,616M as of Mar 31, 2024 |
| Annual revenue (TTM): | $369.04M as of Mar 31, 2024 |
| EBITDA (TTM): | $173.31M as of Mar 31, 2024 |
| Net annual income (TTM): | $98.90M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$3.22M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $301.39M as of Mar 31, 2024 |
| Shares outstanding: | 62,514,675 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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