CES Energy Solutions Corp
TSX:CEU

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CES Energy Solutions Corp
TSX:CEU
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Price: 9.07 CAD 1% Market Closed
Market Cap: 2.1B CAD
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Income Statement

Earnings Waterfall
CES Energy Solutions Corp

Revenue
2.2B CAD
Cost of Revenue
-1.7B CAD
Gross Profit
534.3m CAD
Operating Expenses
-288.9m CAD
Operating Income
245.4m CAD
Other Expenses
-55m CAD
Net Income
190.4m CAD

Income Statement
CES Energy Solutions Corp

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Income Statement
Currency: CAD
Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024
Revenue
Revenue
804
N/A
895
+11%
973
+9%
975
+0%
949
-3%
863
-9%
750
-13%
653
-13%
588
-10%
545
-7%
568
+4%
683
+20%
823
+20%
939
+14%
1 030
+10%
1 078
+5%
1 124
+4%
1 202
+7%
1 271
+6%
1 304
+3%
1 332
+2%
1 310
-2%
1 277
-2%
1 294
+1%
1 140
-12%
991
-13%
888
-10%
799
-10%
893
+12%
1 041
+17%
1 196
+15%
1 337
+12%
1 517
+13%
1 727
+14%
1 922
+11%
2 079
+8%
2 161
+4%
2 173
+1%
2 164
0%
2 194
+1%
2 232
+2%
Gross Profit
Cost of Revenue
(586)
(649)
(708)
(718)
(703)
(654)
(590)
(527)
(482)
(449)
(458)
(536)
(633)
(718)
(781)
(819)
(856)
(920)
(987)
(1 021)
(1 048)
(1 033)
(1 004)
(1 022)
(920)
(810)
(730)
(652)
(706)
(816)
(938)
(1 061)
(1 204)
(1 374)
(1 525)
(1 640)
(1 702)
(1 701)
(1 684)
(1 686)
(1 697)
Gross Profit
218
N/A
245
+13%
265
+8%
258
-3%
246
-5%
209
-15%
160
-24%
126
-21%
106
-16%
96
-9%
110
+15%
147
+33%
190
+29%
221
+16%
249
+13%
259
+4%
269
+4%
282
+5%
284
+1%
283
-1%
284
+0%
277
-3%
273
-1%
272
-1%
220
-19%
181
-18%
158
-13%
147
-7%
187
+27%
226
+20%
258
+14%
276
+7%
313
+13%
354
+13%
397
+12%
439
+10%
459
+5%
471
+3%
479
+2%
509
+6%
534
+5%
Operating Income
Operating Expenses
(125)
(137)
(149)
(152)
(156)
(154)
(152)
(154)
(151)
(147)
(144)
(150)
(163)
(173)
(184)
(188)
(195)
(208)
(208)
(213)
(214)
(206)
(200)
(205)
(192)
(182)
(176)
(168)
(172)
(179)
(189)
(199)
(209)
(220)
(230)
(236)
(245)
(255)
(256)
(268)
(289)
Selling, General & Administrative
(110)
(121)
(132)
(133)
(135)
(132)
(129)
(130)
(126)
(122)
(118)
(124)
(136)
(146)
(157)
(162)
(173)
(185)
(186)
(186)
(187)
(179)
(176)
(182)
(168)
(158)
(153)
(145)
(149)
(156)
(167)
(177)
(186)
(197)
(206)
(213)
(224)
(236)
(242)
(255)
(275)
Depreciation & Amortization
(15)
(16)
(17)
(19)
(21)
(22)
(23)
(24)
(25)
(25)
(25)
(26)
(28)
(27)
(27)
(25)
(23)
(23)
(23)
(24)
(25)
(25)
(25)
(24)
(24)
(24)
(24)
(23)
(23)
(22)
(22)
(22)
(22)
(23)
(24)
(23)
(21)
(19)
(14)
(13)
(14)
Other Operating Expenses
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(3)
(3)
(3)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Operating Income
93
N/A
109
+17%
116
+7%
106
-9%
90
-15%
55
-39%
8
-85%
(28)
N/A
(45)
-61%
(51)
-13%
(34)
+35%
(3)
+90%
26
N/A
47
+80%
65
+37%
71
+10%
74
+4%
74
+1%
76
+2%
70
-8%
70
+0%
71
+0%
73
+3%
67
-9%
28
-58%
(1)
N/A
(18)
-1 944%
(21)
-16%
16
N/A
47
+201%
69
+47%
77
+12%
104
+35%
133
+28%
167
+25%
202
+21%
214
+6%
216
+1%
223
+3%
241
+8%
245
+2%
Pre-Tax Income
Interest Income Expense
(21)
(23)
(24)
(23)
(24)
(22)
(17)
(23)
(23)
(24)
(27)
(23)
(23)
(27)
(28)
(27)
(27)
(26)
(26)
(28)
(30)
(30)
(29)
(28)
(26)
(26)
(25)
(25)
(25)
(24)
(23)
(22)
(27)
(39)
(39)
(45)
(40)
(29)
(34)
(30)
(18)
Non-Reccuring Items
0
0
1
1
1
0
(155)
(155)
(154)
(154)
2
1
1
2
1
2
0
0
(3)
0
0
0
(3)
(248)
(242)
(237)
(234)
17
14
9
6
5
1
0
0
0
0
0
0
0
0
Total Other Income
0
0
0
0
6
12
12
11
6
(0)
(0)
(0)
(0)
(0)
(12)
(12)
(12)
(12)
5
5
5
5
(0)
1
1
1
1
0
0
0
1
1
0
(0)
(1)
(2)
(1)
(1)
(0)
1
2
Pre-Tax Income
72
N/A
87
+20%
93
+7%
84
-10%
72
-14%
45
-37%
(152)
N/A
(194)
-28%
(217)
-12%
(229)
-5%
(59)
+74%
(26)
+56%
4
N/A
22
+503%
26
+17%
35
+33%
35
+2%
37
+4%
52
+41%
46
-10%
45
-3%
46
+2%
42
-8%
(209)
N/A
(240)
-15%
(263)
-10%
(277)
-5%
(29)
+89%
5
N/A
32
+557%
52
+64%
61
+16%
79
+30%
94
+19%
127
+35%
155
+22%
172
+11%
187
+9%
190
+1%
212
+12%
229
+8%
Net Income
Tax Provision
(19)
(25)
(25)
(21)
(16)
(4)
60
64
60
54
(6)
(7)
(5)
7
18
15
21
6
(4)
(10)
(13)
(12)
(12)
11
9
11
54
37
35
34
(2)
(6)
(10)
(14)
(32)
(37)
(40)
(41)
(35)
(36)
(38)
Income from Continuing Operations
53
62
68
63
56
41
(92)
(130)
(157)
(175)
(65)
(33)
(1)
30
44
49
56
43
48
37
32
34
30
(198)
(231)
(251)
(223)
8
40
66
50
55
68
80
95
118
132
146
155
176
190
Income to Minority Interest
0
(0)
(0)
(1)
(1)
(1)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Income (Common)
53
N/A
62
+16%
68
+10%
62
-8%
55
-11%
41
-26%
(92)
N/A
(130)
-41%
(157)
-21%
(175)
-11%
(65)
+63%
(33)
+49%
(1)
+96%
30
N/A
36
+23%
42
+15%
49
+17%
35
-28%
48
+36%
37
-23%
32
-13%
34
+5%
30
-11%
(198)
N/A
(231)
-17%
(251)
-9%
(223)
+11%
8
N/A
40
+395%
66
+66%
50
-24%
55
+10%
68
+24%
80
+16%
95
+20%
118
+24%
132
+12%
146
+11%
155
+6%
176
+14%
190
+8%
EPS (Diluted)
0.25
N/A
0.28
+12%
0.31
+11%
0.27
-13%
0.24
-11%
0.18
-25%
-0.42
N/A
-0.59
-40%
-0.68
-15%
-0.67
+1%
-0.27
+60%
-0.14
+48%
-0.01
+93%
0.1
N/A
0.13
+30%
0.15
+15%
0.17
+13%
0.12
-29%
0.17
+42%
0.14
-18%
0.12
-14%
0.13
+8%
0.11
-15%
-0.76
N/A
-0.88
-16%
-0.96
-9%
-0.85
+11%
0.04
N/A
0.16
+300%
0.26
+63%
0.19
-27%
0.21
+11%
0.26
+24%
0.3
+15%
0.36
+20%
0.44
+22%
0.5
+14%
0.55
+10%
0.61
+11%
0.73
+20%
0.78
+7%

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