Vertex Resource Group Reports Q3 Revenue Growth and Positive Net Income Turnaround
Vertex Resource Group (VTX:CA) reported third-quarter results featuring a GAAP EPS of $0.01 and revenue of $57.14 million, representing a 5.7% increase year-over-year. The company demonstrated significant operational improvement over the first nine months of 2026, with adjusted EBITDA rising 27.55% to $23.94 million and net income swinging to a profit of $0.36 million from a prior loss of $6.80 million. Looking ahead, management expressed optimism regarding demand drivers for 2027, specifically citing large-scale industrial, mining, and infrastructure projects including the Ring of Fire and LNG Canada Phase 2. While no specific quantitative financial guidance was provided, the shift toward profitability suggests strengthening fundamentals in their core sectors.
Topics: earnings report EBITDA growth net income turnaround revenue growth
Read the full article at Seeking Alpha
Part of the story SIR Royalty Income Fund Reports Q3 Revenue Growth Amid Lower Net Earnings (2 articles)