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Armtec Holdings Ltd. Dec 11
Standard & Poors, December 2011
Exposure to cyclical construction industry and to fluctuations in commodity costs Competitive market subject to pricing pressure during low demand periods Cash flows are vulnerable to operating margins, which can be affected by a number of factors including the company's ability to fully pass on input material cost increases and poorly or improperly bid contracts High debt-to-cash flow metrics and limited financial flexibility and liquidity Largest manufacturer and marketer of infrastructure products in Canada Diverse product offering and customer list More than half of revenues related to less-cyclical public infrastructure projects The ratings on Armtec Holdings Ltd. reflect what Standard & Poor's Ratings Services views as the company's weak business risk profile, highlighted by its exposure to the cyclical commercial...
Companies mentioned in this report are: Armtec Holdings Ltd.
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Research Type: Full Analysis
Armtec Holdings Ltd.