Last C$20.70 CAD
Change Today +0.10 / 0.49%
Volume 59.6K
MTL On Other Exchanges
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As of 10:26 AM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

mullen group ltd (MTL) Snapshot

Open
C$20.62
Previous Close
C$20.60
Day High
C$20.75
Day Low
C$20.58
52 Week High
07/4/14 - C$31.34
52 Week Low
01/15/15 - C$18.10
Market Cap
1.9B
Average Volume 10 Days
385.1K
EPS TTM
C$1.22
Shares Outstanding
91.6M
EX-Date
02/25/15
P/E TM
17.0x
Dividend
C$1.20
Dividend Yield
5.79%
Current Stock Chart for MULLEN GROUP LTD (MTL)

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mullen group ltd (MTL) Details

Mullen Group Ltd. provides transportation and related services to the oil and natural gas industry in Western Canada. The company’s Oilfield Services segment offers specialized transportation, drilling, well-servicing, and dewatering services, which include transporting of shipments; conductor pipe setting; core drilling; casing setting; and transportation, handling, storage, and computerized inventory management of oilfield fluids, tubulars and drilling mud, pipe stockpiling, and stringing. The Oilfield Services segment also provides services related to the processing and production of heavy oil, such as well servicing and handling, and transportation and disposal of fluids, as well as frac support, dredging, water management, dewatering, pond reclamation, hydrovac excavation, and drilling rig relocation services. Its Trucking/Logistics segment offers truckload and less-than-truckload general freight services in Canada, the United States, and Mexico. This segment transports general freight; specialized commodities, such as cable, pipe, and steel; over-dimensional loads, including heavy equipment, compressors, and over-sized goods; and dry bulk commodities comprising cement and frac sand. This segment is also involved in the provision of logistics, warehousing and distribution, transload, and intermodal services; and in the production, excavation, and transportation of aggregate and industrial products. The company owns and leases 2,260 power units and has access to 1,085 power units; 7,540 trailers; 33 hydraulic single rigs, 12 auger drilling rigs, and 1 dual rotary rig; 200 pieces of earthmoving equipment; 765 light duty vehicles; 581 trailers and skid mounted dri-prime diesel pumps; 555 submersible pumps; 129 portable diesel generators; 52 sediment control tanks; 20 fusion machines; 51 portable engineered barges; and 4 portable dredges. Mullen Group Ltd. was founded in 1949 and is based in Okotoks, Canada.

5,500 Employees
Last Reported Date: 02/11/15
Founded in 1949

mullen group ltd (MTL) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: C$200.0K
Vice President of Operations
Total Annual Compensation: C$150.0K
Senior Vice President
Total Annual Compensation: C$150.0K
Director of Financial Projects
Total Annual Compensation: C$130.0K
Compensation as of Fiscal Year 2013.

mullen group ltd (MTL) Key Developments

Mullen Group Ltd. Declares Monthly Dividend, Payable on March 16, 2015

The board of directors of Mullen Group Ltd. announced that it has declared a monthly dividend of $0.10 per common share payable to the holders of record of common shares at the close of business on February 28, 2015. The dividend will be paid on March 16, 2015.

Mullen Group Ltd. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Mullen Group Ltd. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company announced revenue of $345.2 million compared to $367.4 million for the same period a year ago. This decrease in revenue was directly attributable to the Oilfield Services segment, where revenue declined by $26.5 million, or 11.7%, to $199.6 million as compared to $226.1 million in the same period one year earlier. The decrease was due to lower demand for services related to large diameter pipeline construction projects and from lower demand for services generated by those Operating Entities involved in the transportation of fluids and servicing of wells, predominately within the heavy oil region of Alberta. Total operating income was $64.9 million compared to $71.1 million for the same period a year ago. The decrease of $6.2 million was primarily attributable to the Oilfield Services segment that experienced a $9.4 million decrease in operating income. Net income was $22.2 million compared to $20.3 million for the same period a year ago. The $1.9 million increase in net income was mainly attributable to a $10.8 million gain on sale of Mill Creek, a $9.0 million gain on sale of property, plant and equipment and a $3.3 million positive variance in net unrealized foreign exchange. These increases were partially offset by a $13.8 million negative variance in the fair value of investments and a $6.2 million decrease in operating income. Net income, adjusted was $32.4 million compared to $31.5 million for the same period a year ago. Earnings per share were $0.25 compared to $0.22 for the same period a year ago. Earnings per share, adjusted were $0.36 compared to $0.35 for the same period a year ago. Net cash from operating activities was $79.1 million compared to $67.6 million for the same period a year ago. Net cash from operating activities per share were $0.86 compared to $0.75 for the same period a year ago. Capital expenditures were $79.08 million against $32.21 million for the same period a year ago. For the year, the company announced revenue of $1,427.9 million compared to $1,437.2 million for the same period a year ago. This decrease was due to a decline in revenue in the Oilfield Services segment, which was offset by an increase in revenue in the Trucking/Logistics segment. Total operating income was $284.7 million compared to $300.7 million for the same period a year ago. The decrease of $16.0 million was mainly due to the Oilfield Services segment that experienced a $15.9 million decrease in operating income. Net income was $94.6 million compared to $143.3 million for the same period a year ago. The $48.7 million decrease in net income was mainly attributable to a $41.6 million negative variance in the fair value of investments, a $21.1 million increase in finance costs, which resulted from the one-time expense related to the prepayment of the Series A and Series B Notes and a $16.0 million decrease in operating income. These decreases were somewhat offset by a $10.8 million gain on sale of Mill Creek, a $12.3 million reduction of income taxes and a $5.6 million increase in gain on sale of property, plant and equipment. Net income, adjusted was $131.1 million compared to $141.0 million for the same period a year ago. Earnings per share were $1.04 compared to $1.60 for the same period a year ago. Earnings per share, adjusted were $1.44 compared to $1.57 for the same period a year ago. Net cash from operating activities was $248.6 million compared to $214.4 million for the same period a year ago. Net cash from operating activities per share were $1.20 compared to $1.20 for the same period a year ago. This decrease in revenue was directly attributable to the Oilfield Services segment, where revenue declined by $26.5 million, or 11.7%, to $199.6 million as compared to $226.1 million in the same period one year earlier. The decrease was due to lower demand for services related to large diameter pipeline construction projects and from lower demand for services generated by those operating entities involved in the transportation of fluids and servicing of wells, predominately within the heavy oil region of Alberta. Capital expenditures were $154.35 million against $149.35 million for the same period a year ago. Adjusting Mullen Group's net income and earnings per share to eliminate the impact of the one-time expense related to the prepayment of the Series A and Series B Notes, the net unrealized foreign exchange gains and losses, the gain on sale of Mill Creek and the change in fair value of investments resulted in adjusted net income.

Mullen Group Ltd. Declares Monthly Dividend, Payable on February 16, 2015

The Board of Directors of Mullen Group Ltd. announced that it has declared a monthly dividend of $0.10 per Common Share payable to the holders of record of Common Shares at the close of business on January 31, 2015. The dividend will be paid on February 16, 2015.

 

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Industry Analysis

MTL

Industry Average

Valuation MTL Industry Range
Price/Earnings 18.9x
Price/Sales 1.2x
Price/Book 2.0x
Price/Cash Flow 9.8x
TEV/Sales 0.5x
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