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Mullen Group Ltd. (TSE:MTL)
TSX:MTL
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.25Last Year’s EPS
0.25Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: -5.06%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a stable performance by Mullen Group in a challenging economic environment, with successful acquisitions and strong financial management supporting stable revenues and margins. However, the company faces significant challenges in the Canadian market due to economic stagnation and competitive pressures. Mullen Group is cautiously optimistic about future growth, particularly through potential expansion in the U.S. market.Company Guidance
During the Mullen Group Limited Year-End and Fourth Quarter 2024 Earnings Conference Call, the company reported that its revenue for Q4 remained flat at approximately $500 million compared to the previous year, while operating income before depreciation, amortization, and OIBDA was $85 million, an increase of $5.8 million from the prior year. Despite challenging market conditions, Mullen held its financial results steady through strategic acquisitions, which accounted for $6 million of incremental OIBDA. The company's operating margin improved to 17%, with key segments like LTL showing resilience despite a $5.3 million decline in fuel surcharge revenues. Mullen Group also maintained strong cash flow from operating activities at $92.9 million for the quarter and about $340 million for 2024. For 2025, Mullen plans to continue its acquisition strategy with $150 million earmarked for this purpose, aiming to achieve $350 million in EBITDA. The company also highlighted its strong balance sheet with approximately $126 million in cash on hand and $525 million in undrawn bank credit facilities.Stable Revenue and Cash Flow
Despite a no-growth economy, Mullen Group's revenue held steady at approximately $500 million for Q4 2024, and they generated $85 million in OIBDA. The company achieved cash flow from operating activities of approximately $340 million for the year.
Successful Acquisition Strategy
Five acquisitions completed in 2024 contributed to maintaining financial results and positioning Mullen for future growth. Incremental revenues from these acquisitions offset the lack of capital investment in Canada, contributing to steady results.
LTL Segment Performance
The LTL segment showed resilience with segment revenues at $189.4 million, despite a $5.3 million reduction in fuel surcharge revenue. The segment also improved operating margins by nearly 1%.
Strong Balance Sheet
Mullen Group closed a $400 million 10-year private placement debt financing in 2024, ending the year with $126 million of cash on hand and $525 million in undrawn bank credit facilities.
Safety Recognition
Grimshaw Trucking, a Mullen Group business unit, won the annual safety award, highlighting the company's commitment to safety and operational excellence.
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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 |
|---|---|---|---|
| Feb 13, 2025 | C$14.22 | C$13.18 | -7.31% |
| Oct 24, 2024 | C$13.93 | C$15.22 | +9.26% |
| Jul 25, 2024 | C$12.84 | C$14.04 | +9.35% |
| Apr 25, 2024 | C$13.78 | C$12.53 | -9.07% |
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 Apr 24, 2025, TBA Not Confirmed.
What is Mullen Group Ltd. (TSE:MTL) earnings time?
Mullen Group Ltd. (TSE:MTL) earnings time is at Apr 24, 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 2025 (Q1) is 0.25.
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