The latest announcement is out from Vertex Resource Group Ltd. ( (TSE:VTX) ).
Vertex Resource Group Ltd. reported its financial results for the fourth quarter and year ending December 31, 2024, achieving a gross revenue of $232.2 million and an adjusted EBITDA of $35.9 million. Despite a decline in revenue due to the completion of major pipeline projects, the company maintained stable profit margins and reduced its debt levels. Vertex’s strategic focus on operational efficiencies and asset management positions it well for 2025, despite anticipated lower revenues and no major turnaround projects scheduled. The company aims to continue delivering value to shareholders through effective asset utilization and debt reduction, aligning with the projected economic growth in Canada.
More about Vertex Resource Group Ltd.
Since 1962, Vertex has been a leading North American provider of environmental services. Headquartered in Sherwood Park, Alberta, Vertex employs a staff of approximately 1,000 employees and lease operators.
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Technical Sentiment Signal: Buy
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