Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.E

Alternate Symbol(s): CGIFF | T.CHE.UN | T.CHE.DB.G | T.CHE.DB.H

Chemicals Basic Materials

Chemtrade Logistics Income Fund is a Canada-based company that operates a diversified business providing industrial chemicals and services to customers in North America and around the world. The Company's segments include Sulphur and Water Chemicals (SWC), and Electrochemicals (EC). SWC segment markets, removes and/or produces merchant, Regen and sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides, and provides other processing services. This segment also manufactures and markets a variety of inorganic coagulants used in water treatment, including aluminum sulphate, and a number of specialty chemicals, including sodium nitrite. EC segment manufactures and markets sodium chlorate and chlor-alkali products including caustic soda, chlorine and HCl, largely for the pulp and paper, oil and gas and water treatment industries. These products are marketed primarily to North American and South American customers.

TSX:CHE.DB.E - Post by User

Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures > Excellent Quarterly Report!

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Comment by fishowlon May 09, 2022 7:45pm

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Post# 34668956

RE:Excellent Quarterly Report!

Excelent Quarter !

First Quarter 2022 Highlights

Revenue of $390.3 million, an increase of $77.9 million year-over-year, reflecting growth in both operating segments.
Net earnings of $10.7 million, an increase of $31.1 million year-over-year.
Adjusted EBITDA (1) of $107.8 million, an increase of $52.4 million year-over-year, primarily owing to stronger revenue.
Cash flows from operating activities of $37.8 million, an increase of $44.2 million year-over-year.
Distributable Cash (1) of $63.3 million, up $45.4 million year-over-year, with a distribution payout ratio (1) of 48% for the trailing twelve months ended March 31, 2022.
Continued balance sheet improvement, as demonstrated by Net Debt / Adjusted EBITDA (1) ratio of 3.5x at quarter-end, as compared to 5.9x at the end of Q1 2021.
Increased 2022 Adjusted EBITDA guidance to a range of $300 million to $330 million, compared to previous 2022 guidance range of $265 million to $295 million, reflecting Chemtrade’s strong first quarter 2022 results and ongoing favourable market fundamentals for most of Chemtrade’s key products.