2023-03-29 15:55:00 ET
Reeling from a seven year downturn, Alberta-based industrial equipment and service provider Enterprise Group (TSX:E,OTCQB:ETOLF) has entered a growth trajectory, according to the company’s senior vice president and director, Desmond O’Kell.
“What you're seeing with our financial results is a trajectory — every quarter — of revenue increases, and we've been able to expand our margins as well. When you come out of a seven year downturn, what that downturn did to us is it allowed us to refine the business,” O’Kell said.
Enterprise Group’s latest financial report shows 40 percent gross margins and 30 percent earnings before interest, taxes, depreciation and amortization (EBITDA) in 2022. For Q4 2022 alone, the company had a 48 percent increase in gross margins and a 37 percent increase in EBITDA compared to the same period last year, according to O’Kell.
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Strong Margins, Revenue Growth for Enterprise Group, Says Exec