- Vertex Resource Group has reported its financial and operational results for the three and nine months ending September 30, 2021
- Net income for Q3 of $0.6 million
- Revenue of $42.3 million
- Revenue for the nine months ended September 30, 2021 was $113.4 million compared to a net loss of $4.8 million the prior year
- Net income for the nine months ended September 30, 2021 was $0.3 million compared to a net loss of $4.8 million the prior year
- Vertex is a leading North American provider of environmental services
- Vertex Resource Group Ltd. (VTX) opened trading at C$0.43 per share
Vertex Resource Group (VTX) has reported its financial and operational results for the three and six months ending September 30, 2021.
Vertex Resource CEO Terry Stephenson sat down with Caroline Egan to discuss the results and share the company’s outlook for the rest of 2021.
During the third quarter of 2021, Vertex achieved the highest quarterly adjusted EBITDA in the company’s history. The positive momentum from the second quarter continued in Q3 and looks to continue for the rest of the year and throughout 2022. Operations showed a significant improvement over the 2020-quarter and have exceeded expectations for 2021.
The remainder of 2021 is expected to see continued positive momentum for Vertex’s services due to various government programs for reclamation and abandonment of environmental liabilities, improved capital spending across multiple industries, unfettered access to work sites, recovery of energy production, increased natural gas developments and commodity prices, reinstatement of major customer maintenance programs, and continued diversification.
Vertex Resource Group Ltd is a provider of environmental services and solutions. From site selection, consultation and regulatory approval, through construction, operation and maintenance, Vertex provides a wide array of services to customers operating in the energy, mining, utilities, construction, telecommunications, forestry, agriculture and government sectors.
Vertex principally operates in Canada with select locations in the United States.
Vertex Resource Group Ltd. (VTX) opened trading at C$0.43 per share.