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TerraVest Industries Inc T.TVK

Alternate Symbol(s):  TRRVF

TerraVest Industries Inc. is a diversified industrial company. Its segments include Home Heating and Cooling Products (HVAC Equipment), Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment), Energy Processing Equipment and Service. The HVAC Equipment segment manufactures and distributes products, including commercial and residential refined fuel tanks, furnaces, boilers, air conditioning equipment and controls. The Compressed Gas Equipment segment manufactures engineered products for the storage, distribution and dispensing of compressed gases including liquid propane gas, natural gas liquids, carbon dioxide and other gases. The Energy Processing Equipment segment manufactures and sells equipment, such as wellhead processing equipment and tanks, biogas production equipment, and other custom process equipment. The Service segment provides a range of services to the energy sector in Western Canada. It is also engaged in water management and related services.


TSX:TVK - Post by User

Post by retiredcfon Feb 13, 2024 10:27am
196 Views
Post# 35877471

Earnings Assessment

Earnings AssessmentWas finally able to initiate a position this morning. View this as a long term investment. GLTA

Revenue grew by 29% year-over-year in Q1 coming in at $228M versus $177.2M in the prior year. Net income was $19.3M versus $13.1M in the year prior displaying growth of 48%. Diluted net income per share came in at $0.91. Cash from operating activities also increased 76% year-over-year to $38.6M. This was a strong quarter from TVK while the company had also previously raised its dividend by 20%..... and  

The stock is cheap and there is excellent momentum in both the stock and the business. We would see it as a buy. (5iResearch)
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