- Vertex Resource Group (VTX) has reported its financial and operational results for the fourth quarter and year ended December 31, 2021
- Highlights for Q4 include $46.1 million in revenues and adjusted EBITDA of $6.4 million
- Highlights for FY 2021 include increased revenue of $159.4 million and adjusted EBITDA of $26.2 million
- The company achieved the highest quarterly revenue in the last twelve quarters
- Vertex is well positioned for strong earnings growth for 2022
- Vertex is a leading North American provider of environmental services
- Vertex Resource Group Ltd. (VTX) opened trading at C$0.58 per share
Vertex Resource Group (VTX) has reported its financial and operational results for the fourth quarter and year ended December 31, 2021.
Highlights for the three months ending December 31, 2021
- $46.1 million in revenues
- Gross margin of $11.0 million in the quarter
- Adjusted EBITDA of $6.4 million
- Net income of $1.4 million
- Free cash flow of $4.2 million
Highlights for the twelve months ending December 31, 2021
- Increased revenue by 17.1 per cent to $159.4 million
- Adjusted EBITDA of $26.2 million
- Annual adjusted EBITDA per share of $0.29
- Reported net income and comprehensive income of $1.7 million
- Free cash flow of $21.8 million
The momentum generated by Vertex’s previous three quarters carried over into the fourth quarter, which achieved the highest quarterly revenue in the last twelve quarters.
Vertex Resource Group Ltd is a provider of environmental services and solutions, offering a unique combination of consulting, field services and modern equipment. From initial site selection, consultation and regulatory approval, through construction, operation and maintenance, to conclusion and environmental cleanup, Vertex provides a wide array of services to customers operating in the energy, mining, utilities, private development, public infrastructure, 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$0.58 per share.