CEMATRIX Corp V.CVX

Primary Symbol: T.CEMX Alternate Symbol(s): CTXXF

Building Materials Building Materials

CEMATRIX Corporation is a Canada-based company, which manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations across North America. It is engaged in the supply and placement of cellular concrete. The Company’s cement-based material with thermal protection, which delivers a range of problems facing the infrastructure, industrial, energy and commercial markets. It supplies and installs lightweight cellular concrete with a cast density as low as 400 kg/m3. Its cellular concrete is commonly used as an insulation material for oil and gas facility slabs, roadways, shallow utilities and contaminated site remediation that requires ground heating. Its applications include retaining wall and bridge approach backfill, roadways and runways, and slope stabilization. Its wholly owned operating subsidiaries include CEMATRIX (Canada) Inc. (CCI), MixOnSite USA Inc. and Pacific International Grout Company.

TSX:CEMX - Post by User

CEMATRIX Corp > Solid Q3 Likely

<< Previous

Bullboard Posts

Next >>

Post by AYCEBuffetton Oct 24, 2024 1:10pm

177 Views

Post# 36280569

Solid Q3 Likely

To me the math is fairly simple unless I missed something:
$84M backlog in early July
$74M backlog now, despite $6M+ in new orders

= ~$16M sales in the quarter

Put at 20% gross margin on that (better than last quarter on higher sales, but still worse thatn the great quarter before) = $3.2M gross profit

$2.2M in SG&A

= $1M operating profit

so $1-$1.5M EBITDA in the quarter. That's solid for a sub-$40M business with their largest projects ahead. Bought more today

<< Previous

Bullboard Posts

Next >>

Understanding Implied Volatility in Options Trading