Last C$0.20 CAD
Change Today +0.005 / 2.56%
Volume 161.6K
ARF On Other Exchanges
Symbol
Exchange
OTC US
Toronto
As of 12:53 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

armtec infrastructure inc (ARF) Snapshot

Open
C$0.19
Previous Close
C$0.20
Day High
C$0.21
Day Low
C$0.19
52 Week High
02/10/14 - C$2.11
52 Week Low
12/17/14 - C$0.18
Market Cap
4.8M
Average Volume 10 Days
119.0K
EPS TTM
C$-0.56
Shares Outstanding
24.1M
EX-Date
06/8/11
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ARMTEC INFRASTRUCTURE INC (ARF)

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armtec infrastructure inc (ARF) Details

Armtec Infrastructure Inc. manufactures and markets infrastructure products and engineered construction solutions in Canada and internationally. The company operates in Drainage Solutions and Precast Concrete Solutions segments. It provides BEBO concrete arches, Bin-Wall bridge abutments, bridge girders, bridge planks, bridge-plates, multi-plates, precast concrete piles, structural plates, and truss bridges for bridge applications; and collector pans, corrugated steel pipes, HDPE pipes, HDPE tubings, multi-plates, Platon foundation drainage and flooring products, precast concrete septic tanks, reinforced concrete pipes, stormwater detention systems, stormwater treatment systems, ultra flo steel pipes, and water control gates. The company also offers concrete block retaining walls, lawn edging and curbs, parks and recreation benches, tables, planters, lamppost bases, foundations, parks and recreation products, patio slabs, paving stones precast concrete steps, and yard accessories; and Durisol precast noise barriers, ACRYLITE soundstop barrier sheets, and panels and systems, as well as precast acoustic facings, and whisper walls. In addition, it provides architectural and structural precast and pre-stressed concrete products; precast concrete panels and walls, and precast concrete structures and elements; road and highway safety products; and soil retention products. Further, the company offers tunnel liners and liner plates for transit applications; and underpass structures, drainage solutions, mine portals, and conveyor covers, as well as engineering and design, project management, on-site construction supervision, and stamped engineered drawings services. It serves national and regional public infrastructure, and private sector markets in agricultural drainage, commercial building, residential construction, and natural resources industries. The company was founded in 1908 and is headquartered in Guelph, Canada.

Founded in 1908

armtec infrastructure inc (ARF) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$468.8K
Chief Financial Officer
Total Annual Compensation: C$286.3K
President of Precast Concrete Solutions
Total Annual Compensation: C$300.0K
Vice President, Corporate Secretary and Chair...
Total Annual Compensation: C$193.8K
Vice President of Information Technology & Bu...
Total Annual Compensation: C$201.8K
Compensation as of Fiscal Year 2013.

armtec infrastructure inc (ARF) Key Developments

Armtec Infrastructure Inc Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year 2014

Armtec Infrastructure Inc. reported unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, revenue was CAD 156.913 million against CAD 144.725 million a year ago. Earnings from operations was CAD 13.154 million against CAD 16.050 million a year ago. Net earnings attributable to owners of the company was CAD 3.453 million or CAD 0.14 per basic and diluted share against CAD 6.089 million or CAD 0.25 per basic and diluted share a year ago. EBITDA was CAD 16.054 million against CAD 19.025 million a year ago. The decrease in earnings reflects the continued competitive markets in Drainage as well as operational challenges faced by Precast in the early part of 2014, combined with an unfavorable shift in product mix versus the same period in 2013. For the nine months, revenue was CAD 344.225 million against CAD 347.558 million a year ago. Earnings from operations was CAD 11.724 million against CAD 25.170 million a year ago. Net loss attributable to owners of the company was CAD 9.160 million or CAD 0.38 per basic and diluted share against net earnings attributable to owners of the company of CAD 1.588 million or CAD 0.07 per basic and diluted share a year ago. EBITDA was CAD 20.500 million against CAD 34.147 million a year ago. The change in revenue was due to the lower activity levels in the company's building construction, municipal infrastructure and natural resource markets. For, the full year EBITDA is estimated to be approximately CAD 30 million.

Armtec Infrastructure Inc. Announces Extension of Covenant Relief and Short-Term Credit Facility

Armtec Infrastructure Inc. announced that it has entered into an agreement with Brookfield Capital Partners Fund Ill LP to amend its term facility with Brookfield in order to extend the previously disclosed covenant relief and enter into a new short-term credit facility. As previously disclosed, the Company was selected to supply and install $70 million of soundwall barriers and fencing for a rail infrastructure project in central Ontario. In order to accommodate the Company's working capital requirement, including working capital for the ramp up of the Soundwall project, the Company has replaced the $7.5 million short-term credit facility (which was not drawn and expired September 19, 2014), pursuant to the previous amendment of the Term Facility dated June 26, 2014 (the "June Amendment"). Pursuant to the October Amendment, Brookfield has agreed to provide, subject to certain conditions, a new short-term facility of $10 million, bearing interest at the 30-day Banker's Acceptance (BA) rate plus 12% (the "Short-Term Facility"). The Short-Term Facility will mature on February 27, 2015. Pursuant to the June Amendment, the Senior Secured Debt to EBITDA covenant under the Term Facility (the "Covenant") was waived to September 30, 2014. The Covenant required that Armtec maintain a Senior Secured Debt to EBITDA ratio (measured at the end of each month) of no greater than 5.25:1 until December 21, 2014 and 5.00:1 thereafter. Pursuant to the October Amendment, the Company will be provided with an extension of the waiver of the Covenant until February 27, 2015. The Covenant calculations would recommence on February 28, 2015 and would require Armtec to maintain a Senior Secured Debt to EBITDA ratio of no greater than 5.0:1. The extension of the Short-Term Facility and Covenant waiver are both contained within the October Amendment. In consideration of the October Amendment, Armtec will pay Brookfield a fee of $4 million. In addition, a draw fee of $500,000 will be payable by Armtec should it use the Short-Term Facility. Armtec has the option to defer payment of the fee and draw fee, in which case such amounts will be added to the principal of the Term Facility; however, these fees will be excluded from further Covenant calculations.

Armtec Infrastructure Inc to Report Q3, 2014 Results on Nov 12, 2014

Armtec Infrastructure Inc announced that they will report Q3, 2014 results at 9:54 PM, GMT Standard Time on Nov 12, 2014

 

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