Bullboard - Stock Discussion Forum Dexterra Group Inc HZNOF

Primary Symbol: T.DXT

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Dexterra Group Inc. is a Canada-based company, which is engaged in delivering a range of support services for the creation, management, and operation of infrastructure across Canada. The Company operates through four segments: Integrated Facilities Management (IFM), Workforce Accommodations, Forestry and Energy Services (WAFES), and Modular Solutions. The Company's IFM business delivers a suite... see more

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TSX:DXT - Post Discussion

Dexterra Group Inc > Worth a repeat IMO

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Post by TimeBuilder on Aug 14, 2020 8:36pm

Worth a repeat IMO

Second Quarter Highlights :>)

Merger with Dexterra (the "Acquisition") closed May 29, 2020 and treated as a Reverse Take Over;
Revenue of $76.1 million and EBITDA of $22.9 million, including transaction costs of $0.4 million;
Net earnings of $47.4 million including a Bargain purchase gain of $34.1 million and Adjusted EPS of $0.06;
EBITDA was positively impacted by $18.4 million of Canada Emergency Wage Subsidies;
Achieved cost synergies that will save $18.0 million annualized and $14.0 million in 2020;
New committed credit facility of $175 million closed June 30, 2020;
Net debt reduced from $138 million to $124 million since the merger, targeting under $100 million at year end;
Reinstatement of the quarterly Dividend at $0.075 per share;
Share consolidation occurred on a 5 for 1 basis to start trading on July 16, 2020;