Symbol: LV.A (TSE)
| Stock Profile:
Groupe Laperrière & Verreault Symbol: LV.A (TSE) |
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| Stats as of 7/06/01 |
| • H/L
Ratio: 1.39 • RS: 82.2 • Shares: 5,950,158 • P/E: 5.63 • Price: $9.00 |
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La Groupe Laperrière et Verreault is a Quebec based industrial engineering company with an international presence. Its primary focus since inception in 1975 has been the pulp and paper industry, which still accounts for 66% of its business. But it has also diversified into chemicals, food, minerals, mining, and the environment.
What the company does is manufacture process equipment for clients using, in many cases, proprietary technology. This includes such things as scrubbers, filtration systems, pumps, effluent clarifiers, combustion systems, chemical treatment equipment, underground mining equipment and so on.
The company has grown through internal expansion and through acquisition. In 1998 Groupe L & V acquired Swedish company Alfa Laval Celleco, a leader in technologies for the pulp and paper industry. In 1999 it took over Dorr-Oliver which specializes in liquid-solid separation processes. And in February 200, the company bought pulp industry giant Beloit.
The company's GL&V Manufacturing subsidiiary was acquired in 1993 and is one of Canada's largest industrial manufacturing facilities. It was originally founded in 1908 by Canada Iron and has been involved in projects as varied as the St. Lawrence Seaway, the Toronto subway, the Trans-Canada Pipeline and the James Bay hydroelectric project.
The company's revenues have quadrupled in the last four years, and like other industrial engineering firms such as SNC-Lavalin and Stantec, the company's profits are growing.
La Groupe Laperrière et Verreault was recommended in the October 2000 edition of FutureStock Review with the recommendation reiterated in the June 2001 edition. The stock had languished in the interim but is now starting to pick up steam.
Quarterly Earnings per Share
| 2000 | 2001 | % Change | |
| To Mar. 31st | $0.36 | $0.49 | 36.1% |
| Revenues (000s) | $83,249 | $106,540 | 28.0% |
Annual Earnings per Share
| to Mar. 31st | 1999 | 2000 | % Change | 2001 | % Change |
| EPS | $0.52 | $0.82 | 57.7% | $1.62 | 97.6% |
| Revenues (000s) | $175,922 | $235,440 | 33.8% | $407,465 | 73.1% |