Mullen Group Ltd. (MLLGF) Income Statement Analysis

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Complete financial analysis of Mullen Group Ltd. (MLLGF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Mullen Group Ltd., a leading company in the Trucking industry within the Industrials sector.

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Mullen Group Ltd. (MLLGF)

Industry: Trucking

Sector: Industrials

Website: https://www.mullen-group.com

About Mullen Group Ltd.

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The company operates in four segments: Less-Than-Truckload, Logistics & Warehousing, Specialized & Industrial Services, and U.S. & International Logistics. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers multimode transportation services, such as full truckload, specialized trucking, intermodal, and transload to customers through a network of terminals and transload facilities; and warehousing and distribution services. The Specialized & Industrial Services segment provides production services, such as well servicing, production fluid transportation, transportation of fluids for disposal, frac support, hydrovac excavation, and industrial cleaning and turnaround services; and specialized services comprising dredging and dewatering services, large diameter pipe stockpiling and stringing services, water management, environmental services, civil construction, municipal development and emergency services, hydrostatic testing services to the pipeline industry and midstream sector, and transporting of oversize and overweight shipments, as well as deals in original equipment manufacturer parts and services. This segment also offers drilling and drilling related services, consisting of transportation, handling, and storage of oilfield fluids, tubulars, and drilling mud; drilling rig relocation; general oilfield hauling; well disposal facility; core drilling; setting surface casing; and conductor pipe setting services. The U.S. & International Logistics segment provides logistics services through professional representatives and station agents. This segment also owns SilverExpress, a proprietary integrated transportation management platform. Mullen Group Ltd. was founded in 1949 and is headquartered in Okotoks, Canada.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996
Revenue	1.99B	2.00B	1.48B	1.16B	1.28B	1.26B	1.14B	1.04B	1.21B	1.43B	1.44B	1.43B	1.39B	1.04B	978.05M	1.31B	1.12B	1.00B	591.73M	470.86M	421.50M	302.51M	349.58M	340.25M	261.10M	217.00M	228.50M	183.30M
Cost of Revenue	1.40B	1.54B	1.17B	898.13M	1.02B	990.30M	897.95M	797.15M	938.27M	1.07B	1.07B	1.07B	951.83M	709.44M	662.52M	884.91M	764.99M	682.13M	411.89M	328.85M	305.06M	224.73M	246.53M	241.37M	189.80M	154.10M	160.70M	134.00M
Gross Profit	589.77M	459.00M	308.08M	266.20M	257.10M	270.50M	240.54M	237.91M	276.10M	357.53M	367.54M	360.44M	435.47M	330.36M	315.52M	429.31M	354.51M	321.16M	179.84M	142.01M	116.44M	77.78M	103.05M	98.88M	71.30M	62.90M	67.80M	49.30M
Gross Profit Ratio	29.57%	22.96%	20.85%	22.86%	20.11%	21.45%	21.13%	22.99%	22.74%	25.04%	25.57%	25.25%	31.39%	31.77%	32.26%	32.67%	31.67%	32.01%	30.39%	30.16%	27.63%	25.71%	29.48%	29.06%	27.31%	28.99%	29.67%	26.90%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	249.88M	241.63M	185.66M	150.22M	167.68M	168.97M	154.95M	142.18M	140.93M	157.95M	153.10M	150.30M	147.49M	126.41M	123.91M	155.99M	145.38M	119.09M	67.12M	49.93M	44.21M	34.42M	37.79M	36.54M	28.00M	24.70M	25.60M	19.70M
Other Expenses	0.00	24.00K	24.00K	26.00K	17.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-11.68M	-21.34M	41.33M	-55.04M	-249.05M	-6.13M	148.00K	-749.00K	396.00K	255.00K	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	249.88M	241.65M	185.69M	150.24M	167.70M	168.98M	154.97M	142.18M	140.93M	157.95M	153.10M	150.30M	228.31M	205.00M	204.09M	235.09M	145.38M	119.09M	67.12M	49.93M	44.21M	34.42M	37.79M	49.34M	40.70M	31.90M	32.20M	25.90M
Cost & Expenses	1.65B	1.78B	1.36B	1.05B	1.19B	1.16B	1.05B	939.33M	1.08B	1.23B	1.22B	1.22B	1.18B	914.44M	866.61M	1.12B	910.37M	801.22M	479.01M	378.79M	349.27M	259.15M	284.33M	290.71M	230.50M	186.00M	192.90M	159.90M
Interest Income	794.00K	395.00K	422.00K	1.42M	2.38M	2.13M	2.51M	1.68M	507.00K	1.11M	839.00K	931.00K	740.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	37.85M	35.44M	30.80M	29.89M	26.00M	22.16M	30.01M	34.14M	36.32M	48.48M	27.14M	33.83M	36.28M	39.10M	36.16M	28.15M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	115.89M	112.54M	113.99M	101.62M	111.51M	87.50M	86.58M	85.30M	94.25M	85.16M	86.24M	83.67M	80.82M	76.47M	80.18M	79.10M	74.45M	52.64M	22.49M	19.87M	17.82M	13.98M	14.98M	12.80M	12.70M	7.20M	6.60M	6.20M
EBITDA	336.88M	358.83M	240.76M	217.61M	217.63M	195.01M	198.87M	181.03M	229.42M	284.74M	300.68M	294.74M	277.04M	220.53M	227.89M	273.33M	283.58M	254.70M	135.21M	111.95M	90.05M	57.34M	80.23M	62.34M	43.30M	38.20M	42.20M	29.60M
EBITDA Ratio	16.89%	17.09%	16.14%	19.00%	16.12%	15.47%	15.61%	17.83%	19.14%	20.06%	21.04%	20.65%	19.92%	21.09%	21.69%	20.80%	25.33%	25.39%	22.85%	23.77%	21.36%	18.95%	22.95%	18.32%	16.58%	17.60%	18.47%	16.15%
Operating Income	339.89M	229.10M	124.47M	119.63M	94.65M	107.52M	91.13M	99.29M	138.19M	201.20M	216.17M	211.07M	195.48M	142.78M	131.91M	194.22M	209.13M	202.07M	112.72M	92.08M	72.24M	43.36M	65.25M	49.54M	30.60M	31.00M	35.60M	23.40M
Operating Income Ratio	17.04%	11.46%	8.42%	10.27%	7.40%	8.53%	8.00%	9.59%	11.38%	14.09%	15.04%	14.78%	14.09%	13.73%	13.49%	14.78%	18.68%	20.14%	19.05%	19.55%	17.14%	14.33%	18.67%	14.56%	11.72%	14.29%	15.58%	12.77%
Total Other Income/Expenses	-156.75M	-6.47M	-26.40M	-29.82M	-9.27M	-128.11M	-3.29M	-23.99M	-91.81M	-67.84M	-21.74M	-34.37M	-36.28M	-19.03M	112.00K	-83.19M	-344.66M	-72.38M	-24.20M	-22.64M	-19.31M	-13.04M	-14.38M	-4.80M	-111.00K	900.00K	-300.00K	-1.00M
Income Before Tax	183.14M	210.88M	96.00M	86.13M	80.14M	-26.59M	82.29M	71.75M	43.37M	131.74M	192.70M	175.77M	159.20M	105.65M	90.69M	111.03M	-135.53M	129.69M	88.52M	69.43M	52.92M	30.33M	50.88M	49.58M	30.50M	31.90M	35.30M	22.30M
Income Before Tax Ratio	9.18%	10.55%	6.50%	7.40%	6.27%	-2.11%	7.23%	6.93%	3.57%	9.23%	13.41%	12.31%	11.48%	10.16%	9.27%	8.45%	-12.11%	12.93%	14.96%	14.75%	12.56%	10.02%	14.55%	14.57%	11.68%	14.70%	15.45%	12.17%
Income Tax Expense	46.42M	52.26M	23.56M	22.16M	7.90M	17.19M	16.78M	19.71M	30.00M	37.11M	49.41M	44.86M	39.77M	26.55M	20.86M	4.32M	-13.24M	2.56M	18.95M	23.78M	19.75M	11.68M	20.37M	18.81M	14.70M	14.30M	16.50M	10.70M
Net Income	136.72M	158.62M	72.44M	63.98M	72.24M	-43.79M	65.51M	52.04M	13.37M	94.63M	143.30M	130.91M	119.43M	79.31M	90.81M	113.00M	-118.70M	128.13M	69.96M	46.48M	32.42M	18.65M	30.68M	30.77M	15.80M	17.60M	18.80M	11.60M
Net Income Ratio	6.85%	7.93%	4.90%	5.49%	5.65%	-3.47%	5.75%	5.03%	1.10%	6.63%	9.97%	9.17%	8.61%	7.63%	9.28%	8.60%	-10.60%	12.77%	11.82%	9.87%	7.69%	6.16%	8.78%	9.04%	6.05%	8.11%	8.23%	6.33%
EPS	1.45	1.70	0.75	0.64	0.69	-0.42	0.63	0.52	0.15	1.04	1.60	1.58	1.50	1.00	1.13	1.40	-1.45	1.86	1.51	1.03	0.73	0.42	0.71	0.75	0.39	0.44	0.48	0.30
EPS Diluted	1.38	1.62	0.75	0.64	0.69	-0.42	0.63	0.52	0.15	1.02	1.57	1.52	1.43	0.98	1.10	1.40	-1.45	1.86	1.51	1.02	0.72	0.42	0.69	0.73	0.37	0.42	0.45	0.28
Weighted Avg Shares Out	94.17M	93.35M	96.07M	100.62M	104.82M	104.27M	103.65M	99.17M	91.65M	91.38M	89.76M	82.96M	79.89M	79.41M	80.61M	80.49M	81.60M	68.89M	46.26M	45.02M	44.56M	44.05M	43.01M	41.21M	40.21M	40.04M	39.48M	39.14M
Weighted Avg Shares Out (Dil)	99.10M	102.41M	96.13M	100.62M	104.82M	104.27M	103.65M	99.17M	91.69M	93.03M	92.50M	91.79M	90.26M	91.05M	88.42M	80.49M	81.60M	68.89M	46.32M	45.42M	45.11M	44.75M	44.25M	42.35M	42.75M	42.28M	41.51M	40.98M

Mullen Subsidiary, Bollinger Motors, Delivers First B4 Trucks and Receives Payment in Full

October 3, 2024globenewswire.com

First deliveries of Bollinger B4 electric trucks to Nacarato Truck Centers with a value of $800,000 First revenue recognized for three months ended Sept. 30, 2024, with wire transfer payment received on Sept.

Mullen Announces Significant Revenue Increase and Reduction in Spending

October 2, 2024globenewswire.com

For quarter ended Sept. 30, 2024, Company expects to report approximately $4.5 million in revenue compared to $65,235.00 reported in quarter ended June 30, 2024, an increase of 6791% compared to prior quarter

Mullen Announces Papé Truck's $3.2M Vehicle Purchase with Immediate Delivery and Revenue Recognition of 50 Class 1 and Class 3 Vehicles

September 26, 2024globenewswire.com

Papé's vehicle purchase includes 43 Class 3 EV trucks and 7 Class 1 EV cargo vans Papé is Mullen's seventh commercial EV dealer and includes 30 commercial sales and service locations across the Western U.S. BREA, Calif., Sept. 26, 2024...

Mullen Automotive CEO to Update Shareholders in Upcoming Video

September 23, 2024globenewswire.com

Video will be made available on Tuesday, Sept. 24, 2024, at 9 a.m.

Mullen Subsidiary, Bollinger Motors, Achieves Major Milestone Today with Production of First Customer-Ready B4 Electric Truck

September 23, 2024globenewswire.com

Employees, suppliers, government leaders share historic Bollinger B4 vehicle launch Bollinger B4 electric truck entirely assembled in the USA and in partnership with Roush Industries BREA, Calif., Sept. 23, 2024 (GLOBE NEWSWIRE) -- via IBN – Mullen Automotive, Inc.

Mullen Group Ltd. Announces Declaration of Monthly Dividend

September 20, 2024globenewswire.com

OKOTOKS, Alberta, Sept. 20, 2024 (GLOBE NEWSWIRE) -- (TSX: MTL) The Board of Directors of Mullen Group Ltd. ("Mullen Group", "We", "Our" and/or the "Corporation") announced today that it has declared a monthly dividend of $0.07 per Common Share payable...

Mullen Provides Update on Volt Mobility $210 Million UAE Order

September 20, 2024globenewswire.com

Mullen technical and sales team present in Dubai this week for delivery of first EV vehicles Mullen Automotive, working in conjunction with independent company, VoltiE Group, a Miami, Florida-based EV charging company, are collectively providing EV vehicles and charging equipment...

Mullen Subsidiary, Bollinger Motors, Announces Pricing for the 2025 B4 Commercial Electric Truck

September 18, 2024globenewswire.com

The 2025 B4 buyers can qualify for more than $100,000 in state and federal incentives on all-new, all-electric Class 4 truck The 2025 B4 buyers can qualify for more than $100,000 in state and federal incentives on all-new, all-electric Class...

Mullen Enters into Sales and Service Agreement with Papé Kenworth; one of America's Leading Commercial Dealer Groups

September 17, 2024globenewswire.com

Papé Group, which includes Papé Kenworth, consists of five operating companies with over 150 locations in nine states and 85 cities with over 815 service bays and 1,500 technicians

Mullen Automotive Inc. Announces Reverse Stock Split Effective Sept. 17, 2024

September 13, 2024globenewswire.com

BREA, Calif., Sept. 13, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN ) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announced today that it will effect a 1-for-100 reverse stock split (“Reverse Stock Split”)...

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Source: https://incomestatements.info
Category: Stock Reports

Mullen Group Ltd. (MLLGF) Income Statement Analysis – Financial Results

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