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Mullen Group Ltd. (TSE:MTL)
TSX:MTL
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.3Last Year’s EPS
0.32Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 7.22%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Positive
The earnings call conveyed a positive outlook with record revenue and successful acquisitions contributing to growth. However, challenges persist in specific segments like US 3PL and the specialized services segment, with competitive pricing pressures affecting the industry. The company's strong liquidity position provides a solid foundation for future growth opportunities.Company Guidance
During the Mullen Group Limited's Q3 2024 earnings call, the executives provided a detailed overview of their financial performance and strategic outlook. The company achieved a record $532 million in consolidated revenue and a robust $95.3 million in OIBDA, marking the third highest OIBDA compared to any previous quarter. The Logistics & Warehousing segment showed a notable increase in operating margins, up 1.3% to 20.8%, primarily driven by acquisitions, including the significant addition of ContainerWorld, which generates around $120 million in annual revenues. The Less-Than-Truckload (LTL) segment also experienced margin improvement, with operating margins increasing by 1.1% to 18.9%, attributed to strategic tuck-in acquisitions and operational efficiencies. Mullen Group ended the quarter with a strong balance sheet, holding approximately $130 million in cash and access to $525 million of undrawn bank credit facilities, positioning them well for future acquisitions and strategic investments.Record Revenue Achievement
Generated $532 million in consolidated revenue, marking a record compared to any previous quarter.
Successful Acquisition Impact
ContainerWorld acquisition contributed significantly to growth, adding $33.6 million in incremental revenue.
Strong Operating Margins in LTL Segment
Operating margins in the LTL segment improved by 1.1% to 18.9%, demonstrating effective cost management.
Healthy Liquidity Position
Ended the quarter with $344.4 million in cash and access to $525 million in undrawn bank credit facilities.
Improved OIBDA
Generated $95.3 million in OIBDA, the third-highest for any previous quarter, with an operating margin improvement to 17.9%.
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TSE:MTL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:MTL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | C$13.99 | C$15.29 | +9.29% |
| Jul 25, 2024 | C$12.91 | C$14.10 | +9.22% |
| Apr 25, 2024 | C$13.84 | C$12.58 | -9.10% |
| Feb 15, 2024 | C$14.60 | C$13.89 | -4.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mullen Group Ltd. (TSE:MTL) report earnings?
Mullen Group Ltd. (TSE:MTL) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Mullen Group Ltd. (TSE:MTL) earnings time?
Mullen Group Ltd. (TSE:MTL) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:MTL EPS forecast?
TSE:MTL EPS forecast for the fiscal quarter 2024 (Q4) is 0.3.
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