zcl composites inc (ZCL:Toronto)
zcl composites inc (ZCL) Snapshot
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Open
C$5.08
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Previous Close
C$5.07
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Day High
C$5.08
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Day Low
C$4.95
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52 Week High
01/24/13 - C$6.22
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52 Week Low
05/29/12 - C$3.58
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Market Cap
146.0M
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Average Volume 10 Days
23.4K
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EPS TTM
C$0.49
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Shares Outstanding
29.1M
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EX-Date
06/26/13
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P/E TM
10.2x
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Dividend
C$0.10
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Dividend Yield
1.40%
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Related News
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ZCL Composites Inc. designs, manufactures, and supplies fibreglass reinforced plastic underground storage tanks. The company’s Underground Fluid Containment segment manufactures and supplies petroleum products, such as underground fuel storage tanks for the retail service station market; single wall and double wall fibreglass reinforced plastic (FRP) tanks; Phoenix System that allows insitu upgrades of steel or fibreglass tanks; and Parabeam, a three dimensional glass fabrics used in double wall tank products and tank lining products. This segment also provides water products, including underground FRP water storage tanks for various applications, which comprise onsite wastewater treatment systems, fire protection systems, potable water storage, rainwater collection, large diameter wet wells and lift stations, grease interceptors, and storm water retention systems. Its Aboveground Fluid Containment segment manufactures corrosion products, such as engineered fibreglass tanks, piping, and related products and accessories for industrial projects. This segment is involved in the manufacture and installation of custom engineered FRP and dual-laminate composite products for use in the power generation, chemical processing, chloralkali, pulp and paper, metals and mining, energy, industrial pollution control, and oil sands industries. The company offers its products primarily under the ZCL, Xerxes, ZCL Corrosion, ZCL Dualam, ZCL Troy, and Parabeam brands. It serves petroleum products retailers, bulk users of petroleum products, oil and gas exploration companies, pulp and paper companies, chemical producers, builders or operators of water storage and wastewater systems, and engineering and construction companies. The company offers its products through a direct sales force, as well as through a network of sales agents and distributors in Canada, the United States, and internationally. ZCL Composites Inc. was founded in 1987 and is headquartered in Edmonton, Canada.
zcl composites inc (ZCL) Top Compensated Officers
zcl composites inc (ZCL) Key Developments
ZCL Composites Inc. announced that at the AGM held on May 10, 2013, the shareholders approved a new policy that requires advance notice to ZCL for nominations of directors other than through a requisition for a meeting or by way of a shareholder proposal. The policy has been implemented by way of an amendment of ZCL's By-Laws.
ZCL Composites Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of $32.8 million, compared to $32.6 million for the first quarter ended March 31, 2012. Net income was $2.5 million, up $0.9 million or 58% from $1.6 million a year earlier. Earnings per share were $0.09 fully diluted, up $0.03 or 50% from $0.06 fully diluted a year earlier. EBITDA was $4.8 million on 15% of revenue, up $1.3 million or 36% from $3.5 million on 11% of revenue. The company provided earnings guidance for 2013. Exceed the 13% EBITDA margin achieved in 2012, and maintain a sustainable range of 13% to 15%, and improve gross profit as a percentage of revenue by 2%. Management expects the net cash/net debt position to continue to fluctuate due to the inherent seasonality and timing of working capital requirements of the business.
The Board of ZCL Composites Inc. declared a $0.025 per share dividend for the first quarter of 2013. The dividend will be paid on July 15, 2013, to the shareholders of record as of June 28, 2013.
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| ZCL:CN | C$5.01 CAD | -0.06 | |
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Industry Analysis
ZCL
Industry Average
| Valuation | ZCL | Industry Range |
| Price/Earnings | 10.2x |
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| Price/Sales | 0.9x |
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| Price/Book | 1.6x |
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| Price/Cash Flow | 8.0x |
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| TEV/Sales | 0.8x |
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