Last C$22.18 CAD
Change Today +0.03 / 0.14%
Volume 271.5K
MTL On Other Exchanges
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As of 11:34 AM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

mullen group ltd (MTL) Snapshot

Open
C$22.46
Previous Close
C$22.15
Day High
C$22.47
Day Low
C$22.04
52 Week High
07/4/14 - C$31.34
52 Week Low
10/23/14 - C$21.54
Market Cap
2.0B
Average Volume 10 Days
705.6K
EPS TTM
C$1.11
Shares Outstanding
91.6M
EX-Date
10/29/14
P/E TM
20.1x
Dividend
C$1.20
Dividend Yield
5.41%
Current Stock Chart for MULLEN GROUP LTD (MTL)

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mullen group ltd (MTL) Details

Mullen Group Ltd. provides transportation and related services to the oil and natural gas industry. Its Oilfield Services segment offers specialized transportation, drilling, well-servicing, and dewatering services, which include transporting of shipments; drilling rig relocation; conductor pipe setting; core drilling; casing setting; transportation, handling, storage, and computerized inventory management of oilfield fluids, tubulars and drilling mud, pipe stockpiling, and stringing; and services related to the processing and production of heavy oil, such as well servicing and handling, transportation and disposal of fluids, frac support, dredging, water management, dewatering, and pond reclamation services. The company’s Trucking/Logistics segment offers truckload and less than truckload general freight services in Canada, the United States, and Mexico. It transports general freight; specialized commodities, such as cable, pipe, and steel; over-dimensional loads, such as heavy equipment, compressors, and over-sized goods; and dry bulk commodities comprising cement and frac sand. This segment also provides logistics, warehousing and distribution, transload, and intermodal services, as well as produces, excavates, and transports aggregate and industrial products. As of December 31, 2013, the company owned or leased 2,415 power units and had access to 1,240 power units; 7,920 trailers, such as vans, flatbeds, dry bulk trailers, and specialized and temperature-controlled trailers; 33 hydraulic single rigs, 13 auger drilling rigs, and 1 dual rotary rig; 210 pieces of earthmoving equipment, including excavators, dozers, rock trucks, and front-end loaders; 780 light duty vehicles; 575 trailers and skid mounted dri-prime diesel pumps; 775 submersible pumps; 125 portable diesel generators; 46 sediment control tanks; 19 fusion machines; 65 portable engineered barges; and 5 portable dredges. The company was founded in 1949 and is headquartered in Okotoks, Canada.

6,100 Employees
Last Reported Date: 02/12/14
Founded in 1949

mullen group ltd (MTL) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: C$200.0K
Vice President of Operations
Total Annual Compensation: C$150.0K
Senior Vice President
Total Annual Compensation: C$150.0K
Director of Financial Projects
Total Annual Compensation: C$130.0K
Compensation as of Fiscal Year 2013.

mullen group ltd (MTL) Key Developments

Mullen Group Ltd. Closes Offering of Senior Unsecured Notes on Private Placement Basis

Mullen Group Ltd. closed the previous announced offering of senior unsecured notes on a private placement basis with a principal amount of $400.0 million, consisting of USD 229.0 million and CAD 171.0 million. The 2014 Notes have an average term of 11 years and a weighted average fixed interest rate of approximately 3.95% per annum. The company intends to use a portion of the proceeds to repay portions of its existing private placement debt in the fourth quarter. Specifically, the company intends to repay its Series A (USD 100.0 million) and Series B (USD 50.0 million) Notes which will reduce its weighted average interest rate to 4.43% from 6.17% and to 4.80% from 5.65% on its U.S. and Canadian dollar denominated debt, respectively. In conjunction with repaying the Series A and Series B Notes, the company will be required to make a one-time $19.0 million payment to the Series A and Series B noteholders. This $19.0 million payment is a direct result of the company's decision to prepay the Series A and Series B Notes prior to maturity and consists of the net present value of the future interest payments on such notes that would have otherwise been paid to the noteholders. This $19.0 million payment was recognized as an expense in the third quarter of 2014 within finance costs in the statement of comprehensive income.

Mullen Group Ltd. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Mullen Group Ltd. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company announced revenue of $357.3 million compared to $374.0 million for the same period a year ago. Operating income was $76.6 million compared to $85.8 million for the same period a year ago. Net income was $10.5 million compared to $51.2 million for the same period a year ago. Net income, adjusted was $36.4 million compared to $43.1 million for the same period a year ago. Earnings per share were $0.11 compared to $0.56 for the same period a year ago. Earnings per share, adjusted were $0.40 compared to $0.47 for the same period a year ago. Net cash from operating activities was $51.0 million compared to $54.3 million for the same period a year ago. Net cash from operating activities per share were $0.56 compared to $0.60 for the same period a year ago. During the quarter the company incurred net capital expenditures of $24.7 million. The decrease in revenue was directly attributable to the Oilfield Services segment, which decreased by $18.2 million, or 7.9%, to $210.8 million as compared to $229.0 million in the same period one year earlier. The $40.7 million decrease in net income was mainly attributable to a $19.0 million one-time expense related to the prepayment of the Series A and Series B Notes, a $15.2 million negative variance in net unrealized foreign exchange, a $9.2 million decrease in operating income and a $7.1 million negative variance in the fair value of investments. For the nine months, the company announced revenue of $1,082.7 million compared to $1,069.8 million for the same period a year ago. Operating income was $219.8 million compared to $229.6 million for the same period a year ago. Net income was $72.4 million compared to $123.0 million for the same period a year ago. Net income, adjusted was $98.7 million compared to $109.5 million for the same period a year ago. Earnings per share were $0.79 compared to $1.37 for the same period a year ago. Earnings per share, adjusted were $1.08 compared to $1.22 for the same period a year ago. Net cash from operating activities was $169.5 million compared to $146.8 million for the same period a year ago. Net cash from operating activities per share were $1.86 compared to $1.64 for the same period a year ago. The increase in revenue was directly attributable to the Trucking/Logistics segment, which increased by $12.8 million, or 3.1%, to $424.8 million from $412.0 million in the same period one year earlier. This increase was largely due to the $15.3 million of incremental revenue resulting from the acquisition of Jay's Moving & Storage Ltd. and a $3.9 million increase in fuel surcharge revenue. These increases were partially offset by decreased demand for construction related services in northern Manitoba, over-dimensional and heavy haul freight services in western Canada and lower demand for pneumatic bulk transportation services resulting from the completion of a large construction project in 2013.

Mullen Group Ltd. Announces Declaration of Monthly Dividend, Payable on November 17, 2014

The Board of Directors of Mullen Group Ltd. announced that it has declared a monthly dividend of $0.10 per common share payable to the holders of record of Common Shares at the close of business on October 31, 2014. The dividend will be paid on November 17, 2014.

 

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Industry Analysis

MTL

Industry Average

Valuation MTL Industry Range
Price/Earnings 22.2x
Price/Sales 1.4x
Price/Book 2.2x
Price/Cash Flow 11.4x
TEV/Sales 1.0x
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