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Vertex Resource Group Ltd. V.VTX

Alternate Symbol(s):  VTXGF

Vertex Resource Group Ltd. is a Canada-based provider of environmental and industrial services. It provides environmental consulting and support services to a diverse clientele across Canada and in select locations in the United States. The Company’s segment includes Engineering and Environmental Consulting, which consists of a variety of services related to assisting its clients to meet internal environmental standards, environmental legislation and related environmental compliance requirements. These services span multiple industries, including energy, utilities, forestry, private development, public infrastructure, telecommunications and government, and Environmental Services segment that consists of a variety of services related to transportation; removal, storage and disposal of materials; and maintenance of facilities in an environmentally safe manner. Services include fluid management and logistics, waste and recycling, industrial cleaning and maintenance, and hydro-excavating.


TSXV:VTX - Post by User

Post by mrmoribundon Nov 13, 2023 11:54am
313 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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