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Enterprise Group, Inc. (T:E)

Business Focus: Industrial Equipment Rental

Sector:  Industrials Industry:  Business Support Services
 
Company Contact
Address: Suite 2 64 Riel Drive
ST. ALBERT AB T8N 5B3
Tel: N/A
Website: https://enterprisegrp.ca
IR: See website
Key People
Leonard D. Jaroszuk
Chairman of the Board, President, Chief Executive Officer
Warren Cabral
Chief Financial Officer
Desmond O'Kell
Senior Vice President, Corporate Secretary, Director
Business Overview
Enterprise Group, Inc. is a consolidator of services, including specialized equipment rental to the energy/resource sector. The Company works with systems and technologies that mitigate, reduce, or eliminate carbon dioxide (CO2) and greenhouse gas emissions for itself and its clients. It provides specialized equipment and services in the build out of infrastructure for the energy, pipeline, and infrastructure construction industries. It has fleet of wellsite modular/combo equipment, specialized heating units, tunnelling equipment, and other heavy equipment pieces. It offers specialized infrastructure services, such as coat curing, thermal pipe expansion, scaffolding and more. It provides low emission, mobile power systems and associated surface infrastructure to the energy, resource, and Industrial sectors, through its subsidiary, Evolution Power Projects, Inc. Its other subsidiaries include Westar Oilfield Rentals Inc., Hart Oilfield Rentals Ltd., and Artic Therm International Ltd.
Financial Overview
For the fiscal year ended 31 December 2023, Enterprise Group Inc revenues increased 25% to C$33.5M. Net income increased from C$2.3M to C$6.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from General and administrative expenses decrease of 19% to C$2.2M (expense), Dep of Fin Lease Right-of-Use Assets decrease of 11% to C$492K (expense).
Employees: 90 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $86.26M as of Dec 31, 2023
Annual revenue (TTM): $33.50M as of Dec 31, 2023
EBITDA (TTM): $12.93M as of Dec 31, 2023
Net annual income (TTM): $6.17M as of Dec 31, 2023
Free cash flow (TTM): -$1.58M as of Dec 31, 2023
Net Debt Last Fiscal Year: $21.91M as of Dec 31, 2023
Shares outstanding: 57,971,724 as of Apr 12, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization