Last C$2.39 CAD
Change Today -0.02 / -0.83%
Volume 2.7K
IBG On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 4:00 PM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

ibi group inc (IBG) Snapshot

Open
C$2.41
Previous Close
C$2.41
Day High
C$2.42
Day Low
C$2.28
52 Week High
08/18/14 - C$2.95
52 Week Low
12/11/13 - C$0.65
Market Cap
42.1M
Average Volume 10 Days
21.4K
EPS TTM
C$-2.00
Shares Outstanding
17.6M
EX-Date
05/29/13
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for IBI GROUP INC (IBG)

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ibi group inc (IBG) Details

IBI Group Inc. provides various professional services in Canada, the United States, Europe, Western Europe, and internationally. Its professional services include planning, design, implementation, analysis of operations, and other consulting services related to intelligence, buildings, and infrastructure areas. The company offers civic and municipal, healthcare, high-rise, higher education, hospitality, interior, justice and protective, K-12 education, mixed-use, retail and commercial, senior community, and stadium and special event architectural services. It also provides Brownfield development, civil, communication system, electrical, geomatic and surveying, industrial and manufacturing, mechanical, municipal, structural, traffic, transportation, and water resource management engineering services. In addition, the company offers industrial and process engineering, operations and maintenance, intelligent systems engineering, program management, software development, strategic planning, systems integration, and toll and systems services. Further, it provides landscape architecture; planning; and airport, bridge engineering, construction administration, electrical engineering, environmental assessment, highway design, traffic engineering, transit planning, transit station design, and transportation planning services. IBI Group serves national, provincial, state, and local government agencies; and public institutions, as well as companies in the real estate building, land and infrastructure development, transportation, communication, and other industries. The company was formerly known as IBI Income Fund and changed its name to IBI Group Inc. in January 2011. IBI Group Inc. was founded in 1974 and is headquartered in Toronto, Canada.

2,606 Employees
Last Reported Date: 08/14/14
Founded in 1974

ibi group inc (IBG) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$474.5K
President and Director
Total Annual Compensation: C$474.5K
Founder and Operating/Chairman Director
Total Annual Compensation: C$474.5K
Compensation as of Fiscal Year 2013.

ibi group inc (IBG) Key Developments

IBI Group Inc. Announces Executive Changes

IBI Group Inc. announced that Alan R. Marchment has retired from the company's board of directors to pursue other personal and professional commitments, effective immediately. Mr. Marchment had previously indicated a desire to retire from the Board following the achievement of the recently announced milestones in recapitalization plan. The Board of directors will, in accordance with past practice, establish a director search committee to find additional qualified independent directors. Dale Richmond will rejoin the Audit Committee and Lorraine Bell will replace Mr. Marchment as Chair.

IBI Completes Negotiation of Amended and Restated Credit Facilities

IBI Group Inc. announced that the company has completed previously announced negotiations with its lenders, and has entered into amended and restated credit facilities. Pursuant to the amendment and restatement, the company's credit facilities have been set at $94 million and the maturity date at March 31, 2016. The amended and restated credit facilities consist of a swing line facility, a revolver facility, an office capital expenditure facility, a letter of credit facility and a term facility. The new office capital expenditure facility will assist IBI Group to fund capital expenditures associated with certain new offices. The availability of each credit facility is subject to compliance with certain financial, reporting and other covenants. Advances under the credit facilities bear interest at a rate based on the Canadian dollar prime rate or US dollar base rate plus, in each case, an applicable margin.

IBI Group Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year Ended December 31, 2014

IBI Group Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenue was $84.1 million against $86.7 million a year ago. Net income was $0.9 million or $0.04 per basic and diluted share against loss of $76.0 million or $3.42 per basic and diluted share a year ago. EBITDA was $7.7 million against $7.3 million a year ago. Cash from operations was $6.7 million against cash used in operations of $3.1 million a year ago. Growth in revenue has been a major contributor to the improvement in net income over these three periods, in addition to savings achieved from cost management initiatives implemented by the Company. Significant efforts have been expended over the past nine months to restructure and manage the operations by geographical region, thereby resulting in greater scrutiny of financial results by the leadership team. For the quarter, revenue was $165.8 million against $171.3 million a year ago. Net income was $2.1 million or $0.09 per basic and diluted share against loss of $75.4 million or $3.41 per basic and diluted share a year ago. EBITDA was $12.7 million against $14.6 million a year ago. Cash from operations was $8.6 million against cash used in operations of $6.8 million a year ago. Management is forecasting approximately $330 million in total revenue for the year ended December 31, 2014 of which approximately 94% is committed and under contract. The company continues to see an increase in committed work to be delivered in 2014, which now stands at approximately $309 million. The company has approximately 8 months of backlog. After adjusting for on-going costs of financial advisors, which are expected to be $3.8 million in 2014, the company is forecasting the 2014 EBITDA margin to approach a level more consistent with industry standards.

 

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