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Stocks in play: Enterprise Group Inc.
Announced its financial results for Q3. Revenue for the three months ended September 30, 2017, of $11,039,666 increased by $4,488,381 or 69% compared to the prior period. The increase was partially from more activity in Northeastern B.C. as well as additional infrastructure projects in Western Canada. Revenue for the nine months ended September 30, 2017, of $26,989,358 increased by $6,592,419 or 32% compared to the prior period. The increase was primarily from more customer activity. Enterprise continues to take numerous measures to diversify its customer base and reduce the Company’s cost structure while maintaining service levels to retain customers. Gross margin for the nine months ended September 30, 2017, increased to 29%. This increase is consistent with higher activity. The increase in EBITDA for the nine months ended September 30, 2017, of $2,232,805 is primarily from a higher dollar value of gross margin combined with reductions in interest charges and general and administrative expenses when compared to the prior period. Over the last 21 months, the Company has made significant improvements to its statement of financial position and overall total debt. At September 30, 2017, after adjusting for goodwill and deferred taxes, the Company has assets in excess of total debt of approximately $49,000,000 or $0.88 per share. Enterprise will continue to look for opportunities to improve its financial position and opportunities that will allow the Company to diversify and expand. Enterprise Group Inc.
