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TerraVest Industries Inc. (T:TVK)

Business Focus: Oil Related Services and Equipment (NEC)

Sector:  Energy Industry:  Oil Related Services and Equipment
 
Company Contact
Address: 6205 60 Street
VEGREVILLE AB T9C 1P7
Tel: N/A
Website: https://terravestindustries.com
IR: See website
Key People
Charles Pellerin
Executive Chairman of the Board
Dustin Haw
President, Chief Executive Officer, Director
Mitchell Debelser
President - Compressed Gas Equipment Segment
Pierre Fournier
President - HVAC Equipment Segment
Mitchell Gilbert
Chief Investment Officer
 
Business Overview
TerraVest Industries Inc. is a diversified industrial company. Its segments include Home Heating and Cooling Products (HVAC Equipment), Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment), Energy Processing Equipment and Service. The HVAC Equipment segment manufactures and distributes products, including commercial and residential refined fuel tanks, furnaces, boilers, air conditioning equipment and controls. The Compressed Gas Equipment segment manufactures engineered products for the storage, distribution and dispensing of compressed gases including liquid propane gas, natural gas liquids, carbon dioxide and other gases. The Energy Processing Equipment segment manufactures and sells equipment, such as wellhead processing equipment and tanks, biogas production equipment, and other custom process equipment. The Service segment provides a range of services to the energy sector in Western Canada. It is also engaged in water management and related services.
Financial Overview
For the six months ended 31 March 2024, TerraVest Industries Inc revenues increased 25% to C$443M. Net income increased 91% to C$39.7M. Revenues reflect HVAC Equipment segment increase of 63% to C$165.6M, Service segment increase of 30% to C$107.4M, United States segment increase of 39% to C$219M, Canada segment increase of 13% to C$221.9M. Net income benefited from G/L on Sale of Tangible & Intangible FA increase from C$320K to C$2.6M (income).
Employees: 1,605 as of Sep 30, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $1,776M as of Mar 31, 2024
Annual revenue (TTM): $767.33M as of Mar 31, 2024
EBITDA (TTM): $152.09M as of Mar 31, 2024
Net annual income (TTM): $61.01M as of Mar 31, 2024
Free cash flow (TTM): $62.97M as of Mar 31, 2024
Net Debt Last Fiscal Year: $346.83M as of Mar 31, 2024
Shares outstanding: 19,501,433 as of May 15, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization