CEMATRIX Corporation (TSXV: CVX) announced today that its wholly-owned operating subsidiaries have executed $8.1 million in contracts. The corporation’s subsidiaries include CEMATRIX (Canada) Inc., MixOnSite USA Inc., and Pacific International Grout Company.
The cellular concrete company now holds a total of $94.0 million in backlogs, which what it collectively calls its contracts and contracts in process net of sales completed to date. Out of this, $21.3 million are now contracted while $72.7 million are contracts in process.
The company also shared that these new awards are projects from across North America, including tunnel backfill, geotechnical, and energy infrastructure projects. CEMATRIX president and CEO Jeff Kendrick also relayed that the company’s “Canadian bids to the end of May 2021 are 86% higher compared to 2019 and 2020 totals, providing further evidence that the Canadian market is rebounding after Covid-19 delays.”
CEMATRIX Corporation last traded at $0.50 on the TSX Venture.
The author has no securities or affiliations related to any organization mentioned. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.