July 24, 2014 2:02 AM ET

Commercial Services and Supplies

Company Overview of International-Matex Tank Terminals, Inc.

Company Overview

International-Matex Tank Terminals, Inc. owns and operates bulk liquid storage terminal facilities in North America. It stores and handles petroleum products, vegetable and tropical oils, renewable fuels, and various chemicals. The company also provides tank leasing/customer support services; and support services, including design and construction, inventory, infrastructure, petroleum reserve, and drum filling services. It serves petroleum, chemical, consumer products, utilities, and commodity industries. The company was founded in 1939 and is headquartered in New Orleans, Louisiana. It has terminal locations in Bayonne, New Jersey; St. Rose, Avondale, Gretna, and Geismar, Louisiana; Chesape...

321 Saint Charles Avenue

New Orleans, LA 70130

United States

Founded in 1939

Phone:

504-586-8300

Fax:

504-525-9573

Key Executives for International-Matex Tank Terminals, Inc.

Chief Executive Officer and Director
Age: 43
President and Chief Operating officer
Chief Financial Officer and Director
Chief Banking Officer
Head of Government Relations
Compensation as of Fiscal Year 2014.

International-Matex Tank Terminals, Inc. Key Developments

International-Matex Tank Terminals, Inc. Announces Executive Changes

Macquarie Infrastructure Company LLC announced that it has entered into an agreement to acquire the 50% of International-Matex Tank Terminals, or IMTT, it does not currently own. James Hooke will initially act as the CEO of IMTT in addition to his role as CEO of MIC. Macquarie's IMTT asset director, James May, will become the CFO at IMTT. Both Hooke and May have served on the IMTT board of directors for the past 5 years. May will be assisted by an additional Macquarie secondee who will head up an expanded financial planning and analysis function at IMTT. John Siragusa, IMTT's current CFO, will assume the role of chief banking officer. Richard Courtney, IMTT's president and chief operating officer will continue in his role. Both Courtney and May will report directly to Hooke.

IMTT Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014

IMTT reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenue of $148,078,000 against $131,485,000 a year ago. Operating income was $58,851,000 against $46,390,000 a year ago. Net income was $30,981,000 against $23,330,000 a year ago. Net cash provided by operating activities was $59,187,000 against $36,133,000 a year ago. EBITDA excluding non-cash items was $79,473,000 against $65,554,000 a year ago. Maintenance capital expenditures were $11,107,000 against $19,121,000 a year ago. Free cash flow was $42,832,000 against $34,399,000 a year ago.

International-Matex Tank Terminals Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Capital Expenditure Guidance for the Full Year of 2014

International-Matex Tank Terminals announced unaudited earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total revenue of $130,149,000 against $124,020,000 a year ago. Operating income was $39,412,000 against $40,218,000 a year ago. Net income was $19,982,000 against $20,469,000 a year ago. EBITDA excluding non-cash items was $62,718,000 against $59,433,000 a year ago. Cash provided by operating activities was $43,944,000 against $42,172,000 a year ago. Maintenance capital expenditures were $22,715,000 against $27,619,000 a year ago. For the year, the company reported total revenue of $513,902,000 against $474,388,000 a year ago. Operating income was $171,694,000 against $159,764,000 a year ago. Net income was $87,855,000 against $74,287,000 a year ago. EBITDA excluding non-cash items was $268,489,000 against $231,686,000 a year ago. Cash provided by operating activities was $200,343,000 against $191,143,000 a year ago. Maintenance capital expenditures were $83,228,000 against $58,375,000 a year ago. For 2014, the company expects normalization of maintenance capital expenditures. Maintenance capital expenditures are expected to total approximately $45.0 million in 2014.

Similar Private Companies By Industry

Company Name Region
Riggleman Smyth & Associates United States
Tetra Tech Engineers, Architects & Landscape Architects P.C. United States
DFT Security Services, Inc. United States
Convergent Payment Processing Services, Inc. United States
Professional Graphics Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact International-Matex Tank Terminals, Inc., please visit www.imtt.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.