- Mullen Group (MTL) reported its financial and operating results for the quarter and year ended December 31, 2022
- The company earned record revenue of $2.0 billion, up 35.3 per cent due to incremental acquisition revenue, increases in fuel surcharge revenue, and general rate increases
- Mullen Group’s Senior Accounting Officer Carson Urlacher met with Coreena Robertson to discuss the results
- Mullen Group is one of North America’s largest logistics providers
- Mullen Group (MTL) opened trading at $14.31 per share
Mullen Group (MTL) reported its financial and operating results for the quarter and year ended December 31, 2022.
The company earned record revenue of $2.0 billion, up 35.3 per cent due to incremental acquisition revenue, increases in fuel surcharge revenue, and general rate increases negotiated early in the year.
The company also saw record adjusted operating income before depreciation and amortization (OIBDA) of $329.9 million, up 39.6 per cent thanks to growth from existing business units and from incremental adjusted OIBDA from acquisitions. Net income also hit a record of $158.6 million, up 119.1 per cent, and earnings per share of $1.70, up 126.7 per cent.
Mullen Group’s Senior Accounting Officer Carson Urlacher met with Coreena Robertson to discuss the results.
Mullen Group is one of North America’s largest logistics providers, including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation.
Mullen also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.
Mullen Group (MTL) opened trading at $14.31 per share.
