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Chemtrade Logistcs (TSE:CHE.UN)
:CHE.UN
Holding TSE:CHE.UN?
Track your performance easily
Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.19Last Year’s EPS
0.1Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -5.46%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
Chemtrade demonstrated resilience in Q3 2024 with strong financial performance and strategic growth initiatives, despite facing challenges such as rail work stoppage impacts and segment-specific declines. The outlook remains positive with continued investments in high-growth areas.Company Guidance
During Chemtrade Logistics Income Fund's Q3 2024 earnings call, key guidance metrics were discussed. The company adjusted its 2024 EBITDA guidance to be between $445 million and $460 million, despite challenges like a work stoppage at Canada's two largest railways. This adjustment marks 2024 as potentially the second-highest EBITDA year in the company's history, following 2023. The company maintained a strong balance sheet with a net debt to LTM EBITDA ratio of 1.8x and over USD 600 million in available liquidity. In their Sulphur and Water Chemicals segment, revenue increased by $1.4 million or 0.5% year-over-year, while EBITDA declined by $3.5 million or 4.3%. Their Electrochemicals segment saw a 5.4% increase in EBITDA, excluding the rail work stoppage impact. Additionally, corporate costs lowered by $1.7 million or 6.6% year-over-year. The updated guidance implies a payout ratio of 40%, underscoring the sustainability of their attractive monthly distribution.Solid Financial Performance
Chemtrade delivered a strong third quarter with EBITDA increased by 1.9% year-over-year, despite challenging comparisons due to record results in Q3 2023.
SWC Segment Growth
The water solutions business within the SWC segment showed year-over-year improvement driven by higher selling prices, contributing to increased margins.
Successful Mitigation of Rail Work Stoppage Impact
Chemtrade successfully minimized the financial impact of a significant rail work stoppage, limiting the effect on EBITDA to $5.8 million.
Strong Cash Flow and Balance Sheet
Chemtrade's cash flow generation remains robust, supporting a healthy balance sheet with a net debt to LTM EBITDA ratio of 1.8x and over USD 600 million of available liquidity.
Capital Allocation and Growth Investments
Continued investment in growth with about $19 million of growth CapEx in Q3, focusing on long-term unitholder value through growth initiatives and unit buybacks.
Positive Outlook for 2025
Anticipated continued strong performance in key segments, notably in Water Chemicals, and ongoing strategic investments in growth areas like ultrapure acid and water chemicals.
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TSE:CHE.UN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:CHE.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | C$10.98 | C$11.43 | +4.10% |
| Aug 14, 2024 | C$9.22 | C$9.47 | +2.71% |
| May 15, 2024 | C$8.38 | C$8.80 | +5.01% |
| Feb 20, 2024 | C$8.21 | C$7.82 | -4.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Chemtrade Logistcs (TSE:CHE.UN) report earnings?
Chemtrade Logistcs (TSE:CHE.UN) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Chemtrade Logistcs (TSE:CHE.UN) earnings time?
Chemtrade Logistcs (TSE:CHE.UN) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CHE.UN EPS forecast?
TSE:CHE.UN EPS forecast for the fiscal quarter 2024 (Q4) is 0.19.
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