August 02, 2014 4:47 AM ET

Machinery

Company Overview of GLV, Inc.

Company Overview

GLV Inc., together with its subsidiaries, provides technological solutions, services, and equipment used in water treatment, and pulp and paper production industries. The company designs and markets equipment and integrated solutions for the filtration, clarification, treatment, and purification of water that is used or reused in various industrial and municipal processes. It also designs and markets equipment used in the various stages of paper production ranging from pulp preparation to sheet formation and finishing; and offers process solutions for the design and marketing of equipment for dissolving, dosing, and mixing in beverage production. In addition, the company provides rebuilding,...

2001 McGill College Avenue

Suite 2100

Montréal, QC H3A 1G1

Canada

Founded in 1975

1,800 Employees

Phone:

514-284-2224

Fax:

514-284-2225

Key Executives for GLV, Inc.

Chief Executive officer
Age: 51
Total Annual Compensation: $475.0K
Founder and Executive Chairman
Age: 73
Total Annual Compensation: $300.0K
Executive Vice President
Age: 46
Total Annual Compensation: $346.0K
President of Pulp & Paper Group
Total Annual Compensation: $298.0K
Vice President of Information Technology and Business Process Optimization
Total Annual Compensation: $218.5K
Compensation as of Fiscal Year 2013.

GLV, Inc. Key Developments

Export Development Canada Helps GLV Group Expand Their Operations in India

Export Development Canada announced a USD 2 million loan for a subsidiary of Montreal-based GLV Inc. to grow their operations in India. Over 2,700 Quebec companies used EDC's services last year as they concluded more that CAD 1.3 billion in sales in foreign markets. More than 5,500 small- and medium-sized Canadian companies used EDC's services in 2013 to undertake more than CAD 11.6 billion in international sales and investments. EDC has 17 offices across Canada, including Montreal, Ville Saint Laurent, Quebec and Drummondville, to answer any questions that Canadian companies may have about how to grow their international sales, or how to make that first export sale.

GLV, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 2014

GLV Inc. reported consolidated earnings results for the fourth quarter and year ended March 31, 2014. For the quarter, the company reported consolidated revenues of $182.1 million, up 19% from the fourth quarter of the previous fiscal year and adjusted EBITDA of $9.3 million, up 19%. The Corporation recorded net earnings attributable to shareholders of the company of $1.7 million or $0.04 per share, basic and diluted, compared with net earnings from continuing operations of $0.9 million or $0.02 per share, basic and diluted, for the same quarter of the previous fiscal year. The improvement in net earnings was driven primarily by GL&V Pulp and Paper's operating results for the quarter, partly offset by lower profitability at Ovivo, owing mainly to the unfavorable adjustment to forecasted costs for a large contract in the Energy segment. For the year, the company generated consolidated revenues of $635.1 million for the year ended March 31, 2014, up 9% from the previous fiscal year and adjusted EBITDA of $25.2 million, up 4%. The Corporation reported a net loss attributable to shareholders of the company of $22.3 million or $0.51 per share, basic and diluted, compared with a net loss from continuing operations of $5.8 million or $0.13 per share, basic and diluted, for the previous fiscal year. The net loss for fiscal 2014 resulted primarily from an asset impairment charge recorded in the third quarter as well the higher income tax expense. Excluding this one-time asset impairment charge and the restructuring costs, the Corporation recorded adjusted net earnings of $7.1 million, up $6.9 million from the previous fiscal year.

GLV, Inc. to Report Q4, 2014 Results on Jun 05, 2014

GLV, Inc. announced that they will report Q4, 2014 results at 4:01 PM, Eastern Daylight on Jun 05, 2014

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