Post by
CauseWhyNot on Aug 09, 2024 6:09pm
Quebec
How much of a negative impact do you guys think Quebec will have this quarter? Is there rumblings Ontario is looking in staffing also?
Comment by
Torontojay on Aug 14, 2024 7:50pm
My guess is that Quebec will continue to produce declining numbers in hours billed. The other parts will show stability and modest growth.
Comment by
CauseWhyNot on Aug 15, 2024 11:29am
Agreed. I'm trying to get a handle on how it will effect rev and margins.. if they only make 2-3 million a year ebitda due to wanting Quebec rev, then we are close to fairly valued.
Comment by
Torontojay on Aug 16, 2024 6:46am
Quebec represents about 40% of total revenue and I estimate about 30-35% of total ebitda. The latest acquisition Solutions Staffing can achieve ebitda of $6.7m and revenue of $74 million over a 12 month period. In other words, the company produces most of its cash flow outside of Quebec and that will insulate them in the future.
Comment by
CauseWhyNot on Aug 16, 2024 1:13pm
Appreciate the info. Do we know when they plan to report?
Comment by
Torontojay on Aug 16, 2024 7:04pm
I believe last year was on the 24th of August.