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TerraVest ( (TSE:TVK) ) has provided an announcement.
TerraVest Industries Inc. reported its first-quarter results for fiscal 2025, showing a 3% increase in sales compared to the previous year, largely due to its recent acquisitions of Advance Engineered Products Ltd. and Highland Tank Holdings LLC. However, excluding these acquisitions, there was a 13% sales decline in its base portfolio due to decreased revenues in key segments. The company saw a significant 58% increase in net income, driven by foreign exchange gains and reduced financing costs, despite increased depreciation and lower sales in some areas of its base business.
More about TerraVest
TerraVest Industries Inc. operates in the industrial manufacturing sector, focusing on processing equipment and compressed gas equipment. The company is involved in producing oil and gas processing equipment, transportation equipment, and domestic tanks, with a market focus that includes acquisitions to enhance its portfolio.
YTD Price Performance: 20.62%
Average Trading Volume: 72,066
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$2.62B
Learn more about TVK stock on TipRanks’ Stock Analysis page.
