LOGISTEC Announces 2021 Year-End Results MONTRAL, March 18, 2022 /CNW Telbec/ - LOGISTEC Corporation ("LOGISTEC") (TSX: LGT.A) and (TSX: LGT.B) (the "Company"), a marine and environmental services provider, today announced its financial results for the year ended December 31, 2021. Pursuing its long-term growth strategy, LOGISTEC was able to report the most successful year of its history, reaching key milestones on the financial, operational, and environmental fronts.
2021 Highlights
- Consolidated revenue reached $743.7 million, an increase of $139.0 million or 23.0%;
- Adjusted EBITDA (1) closed at $120.8 million, up $20.2 million;
- Total diluted earnings per share of $3.46, up 39.0%;
- Acquisition of American Process Group ("APG"), an Alberta-based environmental industry leader, specialized in dredging, dewatering and residuals management in Western Canada and select urban areas in the U.S.
"This record-breaking performance is the result of a clear vision, a solid strategic plan, well-defined business objectives, and great execution," said Madeleine Paquin, President and CEO, LOGISTEC. "I am grateful to all the members of our team who were ready to go beyond and adapt to our customers' and partners' needs, providing reliable and creative solutions in this buoyant market. We are at an exciting moment in our history where we can drive change with our expertise and technology, and continue to push boundaries for many years to come."