October 21, 2017 6:09 PM ET

Oil, Gas and Consumable Fuels

Company Overview of International-Matex Tank Terminals, Inc.

Company Overview

International-Matex Tank Terminals, Inc. owns and operates bulk liquid storage terminal facilities for petroleum, chemical, consumer products, utilities, and commodity industries in North America. It stores and handles petroleum products, vegetable and tropical oils, renewable fuels, and various chemicals. The company was founded in 1939 and is headquartered in New Orleans, Louisiana. It has terminal locations in Bayonne, New Jersey; St. Rose, Avondale, Gretna, and Geismar, Louisiana; Chesapeake and Richmond, Virginia; Lemont and Joliet, Illinois; Richmond, California; and Quebec City and Arnold’s Cove, Canada. International-Matex Tank Terminals, Inc. operates as a subsidiary of Macquarie In...

321 Saint Charles Avenue

New Orleans, LA 70130

United States

Founded in 1939

Phone:

504-586-8300

Fax:

504-525-9537

Key Executives for International-Matex Tank Terminals, Inc.

Chief Executive Officer and President
Chief Financial Officer and Director
Chief Banking Officer
Vice President of Business Development
Compensation as of Fiscal Year 2017.

International-Matex Tank Terminals, Inc. Key Developments

IMTT Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2016

IMTT reported unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported EBITDA excluding non-cash items of $82,212,000 compared to the $74,404,000 for the same quarter year ago. Free cash flow was $64,844,000 compared to the $66,184,000 for the same quarter year ago.

International-Matex Tank Terminals, Inc. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Maintenance Capital Expenditures Guidance for 2015

International-Matex Tank Terminals, Inc. announced unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported revenue was $135.436 million compared to $131.920 million a year ago. Operating income was $38.310 million compared to $31.705 million for the same period a year ago. Net income was $11.589 million compared to $16.238 million for the same period a year ago. EBITDA excluding non-cash items was $72.861 million compared to $61.352 million for the same period a year ago. Cash provided by operating activities was $71.332 million compared to $27.350 million for the same period a year ago. Maintenance capital expenditures were $12.036 million compared to $11.169 million for the same period a year ago. For the nine months, the company reported revenue was $415.881 million compared to $422.516 million a year ago. Operating income was $120.554 million compared to $137.459 million for the same period a year ago. Net income was $52.959 million compared to $71.222 million for the same period a year ago. EBITDA excluding non-cash items was $226.913 million compared to $210.260 million for the same period a year ago. Cash provided by operating activities was $157.568 million compared to $123.688 million for the same period a year ago. Maintenance capital expenditures were $20.550 million compared to $37.395 million for the same period a year ago. Macquarie Infrastructure Corporation expects company’s total maintenance capital expenditures for 2015 to be approximately 10% lower than in 2014.

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