EVZ Limited (AU:EVZ) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
EVZ Limited reported a quarterly cash inflow of $23.9M and a year-to-date total of $92.3M, despite a net operating cash outflow of $3.2M due to seasonal variations. The company holds a strong cash position with $6.5M and no debt, coupled with a solid contract backlog valued at approximately $70M and ongoing projects like the Viva Energy Strategic Storage project, which is on track for completion in July 2024. EVZ is actively pursuing transformative acquisition opportunities to increase its market share in the Energy and Resources and Building Products sectors.
For further insights into AU:EVZ stock, check out TipRanks’ Stock Analysis page.