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Over $1.4 Billion Paid in Dividends to Date

Repurchased 18.2 million Common Shares for $191.7 million since 2020

Revenue CAGR of 11.9 percent since 1993 to $2 Billion in 2022

Consistently generate free cash



 

Bullboard - Investor Discussion Forum Mullen Group Ltd. T.MTL

Alternate Symbol(s):  MLLGF | T.MTL.DB

Mullen Group is one of North America's largest logistics providers with a network of independently operated businesses provide a wide range of service offerings including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics & specialized hauling transportation. Mullen also provides a diverse set of specialized services related to the energy, mining... see more

TSX:MTL - Post Discussion

Mullen Group Ltd. > Mullen Group Q3 Profit Rises 28% Despite Revenue Drop
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Post by davgro on Oct 21, 2020 4:38pm

Mullen Group Q3 Profit Rises 28% Despite Revenue Drop


03:51 PM EDT, 10/21/2020 (MT Newswires) -- Mullen Group (MTL.TO) on Wednesday said its third-quarter profit rose 28% despite a drop in revenue as federal pandemic support programs buoyed its bottom line.

The trucking and logistics company said its net income in the period rose to C$26.2 million, or C$0.26 per share, from C$20.5 million, or C$0.20, in the third-quarter of 2019. Adjusted income, which excludes most one-time items, rose 55% to C$25.6 million, or C$0.26, well past the consensus per-share estimate for the measure of C$0.16.

Revenue fell 11% to C$290.9 million.

"We did see some improvement in activity during the quarter. Revenues have recovered nicely from last quarter, yet they remain a little softer as compared to last year. All in all, I am very pleased considering how 2020 has unfolded thus far," chief executive Murray Mullen said in a release.

The company said operating earnings rose for its three divisions; less than truckload, Logistics & Warehousing and Specialized & Industrial Services, as it took advantage of the Canada Emergency Wage Subsidy, adding C$10.3 million in wage supports among the three groups.

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Investment Opportunity

Over $1.4 Billion
Paid to Investors
Through Dividends

  • 50% Increase in Dividend Payout Since 2021
  • Acquisition Driven & Strategically Focused on Net Zero Emissions
  • $2.0 Billion in Revenue for 2022
  • Strategic Real Estate Portfolio – Historical Cost Over $645 Million
  • 2.0 Million Square Feet of Warehousing Space


Contact Us

121A – 31 Southridge Drive
Okotoks, Alberta
T1S 2N3

Telephone: (403) 995-5200
Toll Free: 866-995-7711
Fax: (403) 995-5296