GREY:WONEF - Post by User
Comment by
edsashaon Dec 10, 2014 11:52pm
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Post# 23218067
RE:News Out: WesternOne's New CEO Provides an Update
RE:News Out: WesternOne's New CEO Provides an Update Righand, read this and weep:
"...I believe there is a perception that WesternOne is only a modular manufacturing company that is directly tied to the oil and gas industry. However, about 80% of our current revenues are derived from construction and infrastructure related activities and over half of our adjusted EBITDA is generated by our aerial and heat divisions. Even with our oil and gas industry customers, for example, most of our flameless heaters go to support maintenance of existing operations and are not connected to new capital expenditures..."
(quoted from CEO's Update - thanks to ProBull for the link)