IBI Group Inc T.IBG.DB.E

Good results

[Possibleidiot01]

Ongoing good results , IMO , and this seems likely to continue.
Happy.

As at March 31, 2021, the Company had $586 million of work committed and under contract for the next five years, an increase of 20% across the firm relative to the same period in 2020. This represents approximately 17 months of backlog (calculated on the basis of the current pace of work that the Company has achieved during the 12 months ended March 31, 2021). After confirmation of the Broadway Subway Project as noted above, the Company anticipates a further increase to the backlog, which will be reflected in its Q2 2021 results.

As part of the Acciona-Ghella Joint Venture (AGJV) for the Broadway Subway Project in Vancouver, British Columbia (announced by IBI on August 2, 2020), the Company was selected as Project Architect as well as Architect and Engineer of Record for four out of six stations, including the complex Broadway-City Hall Interchange Station. IBI will also be providing design services on road alignments, traffic diversions, and road furniture modifications required to support the new subway stations and alignment.

[Calgaryrider]

Good?!??  No, great! In addition to the headline stats below, a 57% increase in Infrastructure revenues?   Nobody is pulling these stats. What a company! Revenue growth of 13% 15.0% Adjusted EBITDA1 (net of IFRS 16)margin Net debt1 to Adjusted EBITDA multiple reduced to 1.1 times 20% growth in backlog to $586 million or 17 months It might have the normal

[nkbourbaki]

I agree --- fantastic results, with hints of more to come.  It will be interesting as always to see the market reaction.  Guidance hasn't changed so I don't imagine these numbers will spawn major TP upgrades, just further conviction in the targets already out there. Anyone care to speculate on how IBI's business (or backlog) could be affected by inflationary pressures? 

[brewster123]

Will the strong Canadian Dollar hurt them a bit given their US operations?

[Calgaryrider]

Operations, maybe 1% as they still make way more in the US. It’ll have s bigger impact on US-denominated debt. Net positive.  

[Possibleidiot01]

Maybe I should have said great results for the quarter ( which they are ) but I was trying to point out the ongoing good results being posted by the company. This is why I posted the backlog situation and the pending sizable increase which is going to be desirable to suitors. Companies aren't into buying fixerupppers : it makes them look bad if they fail to fix problems . IBI , so doesn't

[staythecourse]

Good morning IBI fans. Thought I would go back a few years on the outstanding sales stats: May 2016: Decrease in days sales outstanding from 85 days to 82 days since December 31, 2015. May 2021: 63 days, a decrease of four days relative to Q1 2020,  And the great thing is that IBI clients (predominantly publicly-funded) have the ability to pay. I suspect that improved invoicing