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Last $82.54 USD
Change Today -0.22 / -0.27%
Volume 530.7K
As of 8:04 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

macquarie infrastructure co (MIC) Snapshot

Open
$82.96
Previous Close
$82.76
Day High
$84.43
Day Low
$82.41
52 Week High
04/15/15 - $85.49
52 Week Low
05/9/14 - $58.61
Market Cap
6.4B
Average Volume 10 Days
341.0K
EPS TTM
$5.36
Shares Outstanding
77.4M
EX-Date
02/26/15
P/E TM
15.4x
Dividend
$4.08
Dividend Yield
4.71%
Current Stock Chart for MACQUARIE INFRASTRUCTURE CO (MIC)

macquarie infrastructure co (MIC) Related Businessweek News

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macquarie infrastructure co (MIC) Details

Macquarie Infrastructure Company LLC, through its subsidiaries, owns, operates, and invests in infrastructure businesses that provide services to businesses and individuals primarily in the United States. It operates through four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power and Energy (CP&E), and Hawaii Gas. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, various chemicals, renewable fuels, and vegetable and animal oils at 10 marine terminals in the United States and 2 marine terminals in Canada. This segment also provides environmental emergency responses, industrial services, and waste transportation and disposal services. The Atlantic Aviation segment offers fueling and fuel-related services, aircraft parking, and hangar services to owners/operators of jet aircraft primarily in the general aviation, commercial, military, freight, and government aviation sectors at 69 airports in the United States. The CP&E segment generates electricity through renewable energy sources. As of December 31, 2014, it had interests in five solar power generating facilities with an aggregate generating capacity of 57 megawatts (MW) located in Arizona, California, and Texas; and two wind power generating facilities with an aggregate generating capacity of 203 MW located in New Mexico and Idaho. The Hawaii Gas segment engages in processing, distributing, and selling synthetic natural gas and liquefied natural gas; and distributing and selling liquefied petroleum gas to residential, commercial, hospitality, military, and wholesale customers, as well as to public sector in Oahu, Hawaii, Maui, Kauai, Molokai, and Lanai. This segment’s products are used in various commercial and residential applications, such as water heating, drying, cooking, emergency power generation, and decorative lighting, as well as for specialty vehicles. The company was founded in 2004 and is based in New York, New York.

3,218 Employees
Last Reported Date: 02/18/15
Founded in 2004

macquarie infrastructure co (MIC) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $3.4M
Chief Financial Officer
Total Annual Compensation: $639.7K
Compensation as of Fiscal Year 2014.

macquarie infrastructure co (MIC) Key Developments

Macquarie Infrastructure Company Announces Management Changes

Macquarie Infrastructure Company announced that it has named Richard D. Courtney, currently president and chief operating officer of its International-Matex Tank Terminals subsidiary, to the role of chief executive officer of the business. James Hooke, chief executive officer of MIC, had served as interim CEO of the business since MIC's acquisition of IMTT in July of 2014 and will continue to serve as IMTT's executive chairman. Courtney's appointment is effective immediately. In his role as president and COO, Courtney has overseen day-to-day operations as well as acquisitions and business development for IMTT for the past seven years. He also serves on the board of directors of IMTT subsidiary OMI Environmental Services Inc., as well as the boards of Newfoundland Transshipment Limited and DM Petroleum Operations Company.

Macquarie Infrastructure Seeks Acquisitions

Jay Davis, Head of Investor Relations at Macquarie Infrastructure Company LLC (NYSE:MIC) said, "In addition to these ornery course type of growth projects, we expect to be able to deploy an additional roughly $100 million in relatively small, what we characterize, as bolt-on acquisitions by our existing businesses".

Macquarie Infrastructure Company LLC Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for 2015

Macquarie Infrastructure Company LLC announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the year, the company reported total revenue of $1,350,918,000 against $1,041,019,000 a year ago. Operating income was $34,307,000 against $45,639,000 a year ago. Net income before income taxes was $1,014,909,000 against $46,123,000 a year ago. Net income was $1,039,283,000 against $28,080,000 a year ago. Net income attributable to the company was $1,042,028,000 against $31,254,000 a year ago. Diluted income per share attributable to the company was $16.10 against $0.61 a year ago. Net cash provided by operating activities was $251,615,000 against $155,117,000 a year ago. Purchases of property and equipment were $123,946,000 against $111,208,000 a year ago. EBITDA excluding non-cash items were $385,544,000 against $257,634,000 a year ago. Maintenance capital expenditures were $25,520,000 against $18,582,000 a year ago. Free cash flow was $261,485,000 against $196,857,000 a year ago. For the quarter, the company reported total revenue of $405,142,000 against $260,527,000 a year ago. Operating income was $60,181,000 against $19,752,000 a year ago. Net income before income taxes was $32,822,000 against $22,875,000 a year ago. Net income was $18,705,000 against $14,073,000 a year ago. Net income attributable to the company was $20,969,000 against $15,824,000 a year ago. EBITDA excluding non-cash items were $130,362,000 against $74,531,000 a year ago. Maintenance capital expenditures were $13,274,000 against $7,685,000 a year ago. Free cash flow was $90,912,000 against $53,717,000 a year ago. For full year 2015, the company expects the performance of its existing businesses to improve, which will support a 14% higher cash dividend for the year compared with 2014. The company also expects to continue to prudently deploy growth capital as a means of increasing free cash flow.

 

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MIC

Industry Average

Valuation MIC Industry Range
Price/Earnings 5.1x
Price/Sales 3.8x
Price/Book 2.1x
Price/Cash Flow 5.4x
TEV/Sales 2.8x
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