Last C$0.83 CAD
Change Today -0.02 / -2.35%
Volume 1.0K
WGI On Other Exchanges
Symbol
Exchange
OTC US
As of 3:16 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

wheels group inc (WGI) Snapshot

Open
C$0.83
Previous Close
C$0.85
Day High
C$0.83
Day Low
C$0.83
52 Week High
10/3/13 - C$1.10
52 Week Low
05/21/13 - C$0.60
Market Cap
74.3M
Average Volume 10 Days
9.0K
EPS TTM
--
Shares Outstanding
89.6M
EX-Date
02/21/08
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for WHEELS GROUP INC (WGI)

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wheels group inc (WGI) Details

Wheels Group Inc. provides third party logistics and supply chain logistics services in North America. The company provides warehousing and distribution services comprising order fulfillment, kitting and co-packing, reverse logistics, consolidation/deconsolidation, cross dock, and storage trailer services. It also offers outsourced supply chain solutions, such as business intelligence services, network analysis, key performance indicators and metrics, implementation management, workflow, and opportunity assessment services. In addition, the company provides temperature controlled services through a fleet of rail reefer trailers; and freight forwarding services that include full-container load and less-than-container load ocean freight services, and cargo consolidation and air and ocean charter services. Further, it offers intermodal dry goods solutions, marine, and carload services; and truck load and less than truck load transportation services through road. The company offers its services through its partner network of approximately 6,000 truck, rail, air, and ocean carriers. Wheels Group Inc. serves consumer packaged goods, food and beverage, manufacturing, appliances and household products, electronics, and retail clients. The company was founded in 1988 and is headquartered in Mississauga, Canada.

402 Employees
Last Reported Date: 03/26/14
Founded in 1988

wheels group inc (WGI) Top Compensated Officers

Founder, Chief Executive Officer and Director
Total Annual Compensation: C$498.6K
Chief Financial Officer
Total Annual Compensation: C$196.0K
Chief Operating Officer
Total Annual Compensation: C$309.8K
President of Wheels International - Canada
Total Annual Compensation: C$218.8K
Executive Officer of Strategic Alliances, Mer...
Total Annual Compensation: C$275.1K
Compensation as of Fiscal Year 2012.

wheels group inc (WGI) Key Developments

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

Wheels Group Inc. announced earnings results for the fourth quarter and full year ended December 31, 2013. The company's revenue for the quarter ended December 31, 2013 was $93.8 million, an increase of $37.8 million or 67.6%, compared to $56.0 million in the prior year two month period ended December 31, 2012. Gross margin for the quarter was $13.2 million, an increase of $5.2 million or 65.4%. Adjusted EBITDA for the quarter prior to the impact of restructuring costs was $3.3 million, an increase of $1.2 million or 55.8%. Adjusted EBITDA as a percentage of revenue for the quarter was 3.6%, compared to 3.8% for the prior year two month period. Net income was $0.7 million or $0.01 per diluted share against $0.9 million or $0.01 per diluted share a year ago. Adjusted EBITDA per share was $0.04 against $0.02 a year ago. The company's revenue for the year was $355.2 million, an increase of $95.3 million or 36.6% over the prior year eleven month period ended December 31, 2012. Gross margin was $47.9 million, an increase of $13.2 million or 38.0%. Adjusted EBITDA was $9.6 million, an increase of $2.3 million or 32.2%. Adjusted EBITDA as a percentage of revenue for the year was 2.7% compared to 2.8% for the prior year eleven month period. Adjusted EBITDA per share was $0.11 against $0.08 a year ago.

Wheels Group Inc. Announces New Credit Facility

Wheels Group Inc. announced that it has entered into a new credit agreement with its syndicate of lenders including the Bank of Montreal, as lead, and HSBC Bank Canada. The new three year credit agreement includes a $15 million operating line and refinances approximately $19.3 million in existing term debt that includes refinancing $7 million of 8% term debt. The new term debt facility is non-revolving and is amortized over seven years with quarterly principal repayments. The agreement includes an acquisition facility of up to $5 million to support Wheels' strategic growth plans. The agreement provides for an additional $7.5 million in term debt, subject to lenders review and approval, to support the redemption of the Company's outstanding Class 1A Preference Shares, due on December 31, 2014. The new facility is secured by the assets of the Company and matures on February 12, 2017.

Wheels Seeks Acquisitions

Wheels Group Inc. (TSXV:WGI) seeks acquisitions. Wheels Group Inc. entered into three year credit agreement includes a $15 million operating line and refinances approximately $19.3 million in existing term debt that includes refinancing $7 million of 8% term debt. The new term debt facility is non-revolving and is amortized over seven years with quarterly principal repayments. The agreement includes an acquisition facility of up to $5 million to support Wheels' strategic growth plans. The agreement provides for an additional $7.5 million in term debt, subject to lenders review and approval, to support the redemption of the company's outstanding Class 1A Preference Shares. "We are pleased to continue our relationship with BMO and welcome HSBC to our syndicate of lenders." said Ted Irwin, Chief Financial Officer of Wheels. "This enhanced credit facility provides lower debt service costs, reduced principal repayments and greater flexibility, further strengthening Wheels' financial position as we execute our strategy of combining strategic profitable acquisitions with consistent organic growth."

 

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Valuation WGI Industry Range
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Price/Sales 0.2x
Price/Book 2.0x
Price/Cash Flow 11.5x
TEV/Sales 0.1x
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