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Vertex Resource Group Ltd V.VTX

Alternate Symbol(s):  VTXGF

Vertex Resource Group Ltd. provides environmental and industrial services in Canada and the United States. The company operates in two segments, Environmental Consulting and Environmental Services. The Environmental Consulting segment offers planning and regulatory approvals, site assessments and monitoring, geotechnical and civil engineering, wildlife management, reclamation, remediation, groundwater monitoring, drilling waste, gas migration, emissions testing and reporting, and sub-surface engineering services; advisory services, including estimating, project controls, and facility engineering; land and regulatory services; emergency spill response services; abandonment, completion, and drilling engineering; and geographical information services, and mapping and drone services to various industries, including governments, industry, and commercial clients. The Environmental Services segment provides fluid hauling trailers, trucks, and related equipment to handle, haul, and manage f...


TSXV:VTX - Post by User

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  • mrmoribundX
Post by mrmoribundon Nov 13, 2023 11:54am
536 Views
Post# 35732082

Q3

Q3Decent from perspective of sales and EBITDA. And there were good reasons for some of the softness in results. Moratorium on new renewable projects? Some drilling bumped into future quarters.

That said, bit of a bush league thing to not mention (or even disclose) earnings in the press release. Board should know better.

They are what they are. Best to disclose, account for them honestly, and move on.

Interesting decision to open new offices in three states. Might make for more efficient utilization of equipment if this makes it easier for them to hop over the border to wherever there is demand. But very aggressive move considering current debt levels.
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