Last C$0.90 CAD
Change Today 0.00 / 0.00%
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As of 3:57 PM 04/15/14 All times are local (Market data is delayed by at least 15 minutes).

cvtech group inc (CVT) Snapshot

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Previous Close
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Day High
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Day Low
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52 Week High
05/31/13 - C$1.50
52 Week Low
11/14/13 - C$0.79
Market Cap
64.4M
Average Volume 10 Days
19.9K
EPS TTM
C$-0.01
Shares Outstanding
71.5M
EX-Date
11/18/10
P/E TM
--
Dividend
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Dividend Yield
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Current Stock Chart for CVTECH GROUP INC (CVT)

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cvtech group inc (CVT) Details

CVTech Group Inc., through its subsidiaries, is engaged in the construction and maintenance of electrical transmission and distribution lines, power houses, and substations for the utility and heavy industrial markets in Canada and the United States. It provides tree pruning and vegetation control services on rights-of-way for transmission and distribution lines; overhead and underground services, including new construction, maintenance, and upgrades, as well as emergency storm damage repair services for electric utility market; mechanical and electrical fabrication, installation, and maintenance services primarily to the power, refining, chemical, pharmaceutical, and steel industries; and solar panel installation services for commercial, industrial, utility, and residential environments. The company is headquartered in Drummondville, Canada.

1,060 Employees
Last Reported Date: 03/27/14

cvtech group inc (CVT) Top Compensated Officers

Chief Executive Officer, President and Non In...
Total Annual Compensation: C$435.0K
Chief Financial Officer
Total Annual Compensation: C$239.0K
Executive Vice-President of U.S. Operations a...
Total Annual Compensation: C$218.3K
Vice President and General Manager of Thirau ...
Total Annual Compensation: C$219.7K
Vice-President and General Manager of Thirau ...
Total Annual Compensation: C$197.1K
Compensation as of Fiscal Year 2012.

cvtech group inc (CVT) Key Developments

CVTech Group Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

CVTech Group Inc. reported earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported EBITDA from continuing operations was CAD 3,364,000, net earnings from continuing operations was CAD 528,000 or CAD 0.01 per share, net earnings of CAD 528,000 or CAD 0.01 per share on revenues of CAD 70,832,000 against EBITDA from continuing operations was CAD 8,108,000, net earnings from continuing operations was CAD 3,885,000 or CAD 0.05 per share, net earnings of CAD 3,817,000 or CAD 0.05 per share on revenues of CAD 82,572,000 for the same period a year ago. The decrease decrease in revenue of CAD 11.8 million reflects lower revenues related to natural disasters in the fourth quarter of 2013 (CAD 4.1 million) relative to the fourth quarter of 2012 (CAD 34.7 million). The decrease, in both dollars and percentage of revenues, was due to lower revenues in connection with natural disasters, to a less favorable revenue mix between the two periods compared, to the start-up of projects in new market segments, to the establishment of new places of business and to an unprofitable contract in the United States. For the year, the company reported EBITDA from continuing operations was CAD 7,110,000, net loss from continuing operations was CAD 1,754,000 or CAD 0.02 per share, net loss of CAD 1,754,000 or CAD 0.02 per share on revenues of CAD 239,829,000 against EBITDA from continuing operations was CAD 25,236,000, net earnings from continuing operations was CAD 12,117,000 or CAD 0.17 per share, net earnings of CAD 10,178,000 or CAD 0.14 per share on revenues of CAD 249,201,000 for the same period a year ago. The decrease of revenues CAD 9.4 million was due mainly to a CAD 29.6-million reduction in revenues from public utility contracts (transmission, distribution and substations), resulting from factors including lower revenues related to natural disasters in 2013 than in 2012.

CVTech Group Inc. Adopts a New Organizational Structure

To carry out the reorganization in the United States, CVTech Group Inc. announced the appointment of Mr. Steve Zemaitatis Jr. as Executive Vice-President in charge of U.S. operations and President of Riggs Distler. Mr. Zemaitatis has been with Riggs Distler since 1998, joining CVTech in 2009 when the latter acquired Riggs Distler. This appointment takes effect immediately and Mr. Zemaitatis will report directly to André Laramée, President and Chief Executive Officer.

CVTech Group Inc. Announces Board Changes

CVTech Group Inc. announced changes to its Board of Directors. In the first instance, the Corporation announced the resignation from the Board of Robert Beaudoin and André Lepage. Mr. Lepage had been a director of CVTech since the Corporation was listed on the TSX in April 2005. Mr. Beaudoin had been a director since May 2007. Their resignations are effective immediately. The resulting Board vacancies have been filled by the appointment to the Board of Yves Filion and Pierre L. Gauthier, two outstanding managers with enviable reputations in the energy industry. These appointments are also effective immediately. Mr. Filion is president of Yves Filion Consulting Inc. He is currently chairman of the board of Innoventé Inc. and a member of the boards of the Montreal Port Authority and Aéroports de Montréal. Mr. Gauthier has been with the Alstom group since 1996. From 2008 to 2013 he was president and chief executive officer of Alstom Inc. (US) and has discharged the same responsibilities for Alstom Canada since 2003.

 

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Price/Sales 0.3x
Price/Book 0.8x
Price/Cash Flow 7.8x
TEV/Sales 0.0x
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