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Last C$2.79 CAD
Change Today -0.08 / -2.79%
Volume 29.1K
MCR On Other Exchanges
Symbol
Exchange
Venture
OTC US
As of 3:35 PM 07/7/15 All times are local (Market data is delayed by at least 15 minutes).

macro enterprises inc (MCR) Snapshot

Open
C$2.87
Previous Close
C$2.87
Day High
C$2.87
Day Low
C$2.70
52 Week High
07/7/14 - C$4.73
52 Week Low
01/30/15 - C$1.17
Market Cap
84.2M
Average Volume 10 Days
14.5K
EPS TTM
C$0.22
Shares Outstanding
30.2M
EX-Date
--
P/E TM
12.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for MACRO ENTERPRISES INC (MCR)

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macro enterprises inc (MCR) Details

Macro Enterprises Inc., through its subsidiaries, provides pipeline and facilities construction and maintenance services to oil and gas companies in Western Canada. The company was founded in 1994 and is headquartered in Fort St. John, Canada.

Founded in 1994

macro enterprises inc (MCR) Top Compensated Officers

Chief Executive Officer, President, Chief Ope...
Total Annual Compensation: C$334.6K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$103.8K
Senior Vice President, Director and Senior Vi...
Total Annual Compensation: C$298.9K
Vice President of Macro Industries Inc
Total Annual Compensation: C$177.5K
Compensation as of Fiscal Year 2014.

macro enterprises inc (MCR) Key Developments

Macro Enterprises Inc. Reports Unaudited Consolidated Earnings Results for the Three Months Ended March 31, 2015; Revises Revenue Guidance for the Second Quarter of 2015; Provides Revenue Guidance for the Year 2015

Macro Enterprises Inc. reported unaudited consolidated earnings results for the three months ended March 31, 2015. For the three months, the company posted consolidated revenue of CAD 30.2 million, a significant decrease over last year's first quarter record revenue results of CAD 87.8 million. The significant decline in work performed during the quarter was expected due to depressed market conditions and weak commodity prices that resulted in a slowdown in industry activity and overall reduced or deferred capital spending. Revenue during the period ended March 31, 2015 consisted primarily of recurring integrity and maintenance work from its existing clients under master service agreements. Net income in the quarter was CAD 1.4 million or CAD 0.05 per share compared to CAD 2.2 million or CAD 0.07 per share recognized during the three months ended March 31, 2014. The decrease in net income was a result of significantly reduced levels of work activity offset by a material improvement to operating margins over prior year's first quarter. Results for the first quarter of 2015 were further impacted by non-cash stock-based compensation charge recognized during the period. EBITDA was CAD 4,069,000 against CAD 5,104,000 a year ago. However, primarily as a result of depressed market conditions and client project scheduling delays, the company is anticipating revenues in the first half of fiscal 2015 to be significantly less than those recorded in the first half of fiscal 2014. Revenue for the second quarter should be relatively close to what was achieved during the three months ended March 31, 2015. This is less than the company's previous revenue guidance.

Macro Enterprises Inc. Announces Commitment for New $115 Million Senior Secured Credit Facilities

Macro Enterprises Inc. announced that it has entered into a commitment letter with The Toronto-Dominion Bank for the provision of $115 million in new senior secured credit facilities. TD Bank has committed to structure and arrange the new credit facilities comprising a $65 million three-year revolving credit facility, of which up to $30 million will be provided by TD Bank, and a $50 million letter of credit facility. TD Bank has committed to use commercially reasonable efforts, but without any obligation, to arrange a syndicate of lenders to provide the balance of the credit facilities. TD Bank will act as lead arranger, bookrunner and administration agent. Its commitment is subject to customary terms and conditions, including the condition that the balance of the facilities are provided by the other participants in the syndicate. Closing is expected to occur by July 15, 2015. After closing, the Company will have the right, subject to customary conditions, to increase the amount of the revolving facility by up to $20 million, bringing the total credit facilities to a maximum of $135 million, by securing increased commitments from one or more of the initial lenders or by securing one or more new lenders. The revolving facility will provide enhanced flexibility and essential funding support as the Company works to realize on those large-scale potential growth opportunities. The secured letter of credit facility is intended to facilitate the issuance of letters of credit to support qualifying projects.

Macro Enterprises Inc. to Report Q1, 2015 Results on May 25, 2015

Macro Enterprises Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on May 25, 2015

 

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MCR

Industry Average

Valuation MCR Industry Range
Price/Earnings 14.4x
Price/Sales 0.6x
Price/Book 1.0x
Price/Cash Flow 5.7x
TEV/Sales 0.4x
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