Last $0.75 USD
Change Today 0.00 / 0.00%
Volume 0.0
CVTPF On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Berlin
As of 9:41 AM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

napec inc (CVTPF) Snapshot

Open
$0.75
Previous Close
$0.75
Day High
$0.75
Day Low
$0.75
52 Week High
12/31/13 - $0.87
52 Week Low
03/20/14 - $0.73
Market Cap
53.6M
Average Volume 10 Days
100.0
EPS TTM
--
Shares Outstanding
71.5M
EX-Date
11/18/10
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for NAPEC INC (CVTPF)

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napec inc (CVTPF) Details

NAPEC 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 was formerly known as CVTech Group Inc. and changed its name to NAPEC Inc. in September 2014. NAPEC Inc. is headquartered in Drummondville, Canada.

1,167 Employees
Last Reported Date: 11/10/14

napec inc (CVTPF) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: C$246.0K
Executive Vice-President of U.S. Operations a...
Total Annual Compensation: C$243.5K
Principal Senior Advisor
Total Annual Compensation: C$448.0K
Vice President and General Manager of Thirau ...
Total Annual Compensation: C$219.7K
Vice-President and General Manager of Thirau ...
Total Annual Compensation: C$217.3K
Compensation as of Fiscal Year 2013.

napec inc (CVTPF) Key Developments

NAPEC Inc. Announces Resignation of Mr. Jacques Joly as Director and as Chairman of the Board of Directors

NAPEC Inc. announced the resignation of Mr. Jacques Joly as Director and as Chairman of the Board of Directors of the corporation for personal reasons. His resignation takes effect immediately. Mr. Joly had been a Director and the Chairman of the Board of the Corporation since April 2005. Previously, he had been a director of Investissements CVTech inc. from February 1996 to April 2005.

NAPEC Inc. Appoints Denis Tremblay as Director

NAPEC Inc. announced the appointment of Mr. Denis Tremblay as Director of the corporation. The appointment takes effect immediately and brings the number of directors to seven, as it was before the annual and special meeting of shareholders of NAPEC held on July 23, 2014. Since 2010, Denis Tremblay has been Senior Vice-President, Strategic Development and Vice-President, Energy of Tetra Tech Canada. Mr. Tremblay has long been active in the Association de l'Industrie Électrique du Québec (AIEQ), serving as its president in 2013-14. He is vice-chairman of the board of directors of the École Polytechnique de Montréal foundation.

NAPEC Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Impairment Charges for the Third Quarter Ended September 30, 2014

NAPEC Inc. reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's revenues were CAD 69,958,000 compared to CAD 57,324,000 a year ago. The increase was due mainly to higher revenues derived from contracts related to the construction, maintenance and repair of underground lines and substations, as well as from contracts associated with electrical energy projects for industrial, commercial and institutional customers. In addition, the conversion effect resulting from fluctuations in the value of the Canadian dollar increased the value of U.S. dollar-denominated revenues for the quarter ended September 30, 2014 by approximately CAD 2.3 million relative to the same period in 2013. However, revenues from contracts related to the construction, maintenance and repair of electricity distribution lines were lower. EBITDA was CAD 1,184,000 compared to CAD 1,475,000 a year ago. The decrease, both in dollars and as a percentage of revenues, is attributable mainly to an unprofitable contract in a new market segment in Ontario and to the unfavorable effect of a decrease in business volume in Quebec. Net loss was CAD 2,965,000 or CAD 0.04 per basic and diluted share compared to CAD 504,000 or CAD 0.01 per basic and diluted share a year ago. For the nine months, the company's revenues were CAD 219,066,000 compared to CAD 168,997,000 a year ago. The currency-conversion effect increased the value of U.S.-dollar-denominated revenues for the nine months ended September 30, 2014 by approximately CAD 9.3 million relative to the same period a year earlier. EBITDA was CAD 7,558,000 compared to CAD 3,746,000 a year ago. Net loss was CAD 2,239,000 or CAD 0.03 per basic and diluted share compared to CAD 2,282,000 or CAD 0.03 per basic and diluted share a year ago. During the quarter ended September 30, 2014, as part of the implementation of its new organizational structure, the corporation recognized an impairment of CAD 2.2 million on a building located in the United States.

 

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Valuation CVTPF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 0.7x
Price/Cash Flow 6.9x
TEV/Sales 0.0x
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