TerraVest Industries Inc. (T:TVK*CA)
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 | |
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