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Equipment Co.'s 2022 Financials Blew Away Previous

Source: Chris Temple

March 24, 2023 ( Newswire) Monday morning's release of Enterprise Group's 2022 financials caught the eye of Chris Temple of The National Investor. Temple reviews the results and shares his thoughts on the equipment rental and services company.

Enterprise Group Inc. (E:TSX.V) just announced its Q4 and full-year 2022 financial results; they are RIGHT HERE.

And when the company reports, in part, that "The 2022 year has been one of the strongest in recent history. Higher capital spending in the energy industry combined with increased customer activity levels has resulted in improved results. . ." you'll see it's an understatement.

Every financial metric down to even net earnings blew away the prior quarter/year results. Further, Enterprise's continued repurchase of its shares, with the great performance, has its book value currently at CA$0.68/share, the better part of double its depressed market price.

Consider also that along with the company redeeming and canceling shares, management keeps buying; and the management team led by President/C.E.O. Len Jaroszuk now is up to 40% ownership of the outstanding shares.

Monday's news ratifies Jaroszuk's confident Letter to Shareholders from earlier this month; it can be viewed HERE.

Anchored by the continuing work being done on the big LNG facility/pipeline in western Canada, Enterprise is being rewarded now for its ability to stay in existence during the dark, lean years of Canada's energy bear market by now, starting to fully capitalize on its secular rebound and better days ahead.

If you've not already read Len's letter, DO SO NOW, and realize what a gift these shares presently are at little more than half of the book when — especially looking at the pricing of similar companies — they should today be north of CA$1.00/share, I.M.O.


1) Chris Temple: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Enterprise Group Inc. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company currently has a financial relationship with the following companies mentioned in this article: None.

I determined which companies would be included in this article based on my research and understanding of the sector.

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5) From time to time, Streetwise Reports LLC and its directors, officers, employees, or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in the securities mentioned. Directors, officers, employees, or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Enterprise Group Inc., a company mentioned in this article.

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