If one thing’s for certain, it is that the need to take care of our environment is more pressing than ever and organizations and governments are all required to follow environmental protection laws to ensure a significant and positive global impact.
Companies like
Vertex Energy Inc. (
TSX-V.VTX,
Forum) are more integral than ever, but it’s one such company that isn’t new to environmental needs or how to protect it. The Alberta-based company has been around for over half a century providing environmental solutions, in addition to offering environmental consulting, field services and equipment.
Broadly speaking, the Company’s services stretch into industries such as oil and gas, oilsands, petrochemical, renewable energy, utilities, agriculture, forestry, drilling, midstream, mining, aggregate and municipal sectors. In other words, Vertex has a significant impact in a wide range of industries and investors are paying attention.
Case in point, in November
the Company released its Q3 2021 financial results, highlighting its highest recorded quarterly earnings before interest, taxes, depreciation and amortization (EBITDA) in the history of the company.
Vertex reports Q3 2021 financial results
In the press release, Vertex reported that it reached a record adjusted EBITDA of C$7.6 million when compared to $6.8 million in the same quarter in 2020. In line with this, Vertex also generated $42.3 million in revenue, which is the highest revenue the company has achieved over eight quarters.
Over a nine-month period, the Company’s revenue increased 14.8 percent to $113.4 million, up from $98.8 million for the same period in 2020.
“Vertex achieved the highest quarterly adjusted EBITDA in our history. The positive momentum from the second quarter continued into Q3 and looks to continue for the rest of the year and throughout 2022,” the Company said in the release.
The Company said that its growing reputation, strong presence in certain geographic regions and relationships with clients and diversified services have allowed the company to weather the storm of economic pressures by offering integrated environmental solutions for our customers..
Vertex recently discussed its Q3 2021 financial results
in an interview here.
What’s next for Vertex?
Although 2021 is almost over, for Vertex, there’s still plenty in store — and above the levels experienced in 2020. This is a result of government programs for reclamation and abandonment of environmental liabilities, improved capital spending across various industries and unfettered access to work sites, among other things.
“As our activity levels increase, we remain focused on managing our growth to protect our balance sheet. Our cost management strategies have resulted in positive earnings once again this quarter and we continue to focus on generating strong levels of free cashflow,” the Company said.
Moving ahead into 2022, the Company’s outlook is that North American economies will recover from the COVID-19 pandemic, while Vertex’s own vision to be a world-leading environmental services company remains the same.
As an Environmental Services business, the Company believes it can maximize its Internal ESG performance and will continue to hold itself accountable to internal and supply chain metrics.
At the Company’s core, its intent is to create business resiliency by “becoming a primary source of executable ESG Supply Chain solutions” for its customers.
The investment corner
Putting it simply, Vertex offers investors a unique opportunity with a sustainable business model and, most importantly, helping the planet with sustainable environmental solutions.
What’s more, the Company’s 60-year history means it has the legs to deliver strong results and consistency, which is something every investor is on the look out for and ultimately wants.
For more information, please visit
vertex.ca.
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.