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BUI2053
Railroad & Crane Rail Tracks Construction and Maintenance Provider
Southeast US
The company specializes in the construction and maintenance of railroad and crane rail tracks in the Southeastern United States. Throughout its operating history, the company has completed major projects for government and private sector clients.
Key Aspects:
- Year-over-year growth since 2015. Positioned to generate approximately $2.5M of revenue by CYE 2019
- In operation for 38 years with a high degree of recognition and an excellent reputation in the industry
- 28.3% average gross profit margins from 2016 to 2018
- Maintenance projects represent approximately 45% of revenue in 2018 and the remaining 55% is from new construction projects
- $6M of secured backlog as of June 2019
- Approximately 70% of revenue is from existing clients
- Bad debt has historically been zero
- Knowledgeable team in place with extensive experience in the industry
Opportunities:
- Targeted marketing to complement referral success
- Aggressively pursue more projects to expand market share
- Expand geographically to increase footprint
- Hire additional billable labor to handle increased demand
- Create a company website
| Year: | 2016 Tax Rtns '000 | 2017 Tax Rtns '000 | 2018 Tax Rtns '000 | 2019 YTD '000 |
| Turnover | 1,988 | 2,105 | 1,532 | 656 |
| Gross Profit: | 692 | 539 | 396 | 118 |
| Adj. EBITDA * | 322 | 222 | 32 | 61 |
* Earnings before interest, tax and depreciation (non-cash item)