Macro Enterprises Inc. Announces 2021 First Quarter Results
Summary of financial results
Three months ended
31,508
Note 1 - References to EBITDA are to net income from continuing operations before interest, taxes, amortization and impairment charge. EBITDA is not an earnings measure recognized by International Financial Reporting Standards ( IFRS ) and does not have a standardized meaning prescribed by IFRS. Management believes that EBITDA is an appropriate measure in evaluating the Company s performance. Readers are cautioned that EBITDA should not be construed as an alternative to net income (as determined under IFRS) as an indicator of financial performance or to cash flow from operating activities (as determined under IFRS) as a measure of liquidity and cash flow. The Company s method of calculating EBITDA may differ from the methods used by other issuers and, accordingly, the Company s EBITDA may not be comparable to similar measures used by other issuers.
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May 21, 2021 By Shelley Byrne
When Carter Newt of Newt Marine Service decided to begin repowering his fleet, his strategy and requirements were simple.
He wanted a propulsion system that was dependable, fuel efficient and backed by reliable service and support. He also wanted an environmentally friendly system as Newt Marine, like many other companies, is committed to looking at ways it can reduce its global footprint. Ultimately, he decided on Volvo Penta and Interstate PowerSystems to meet those needs with systems that include Tier 3 engines.
“Upgrading to Tier 3 engines provides an immediate health benefit to the crew members and community,” said Newt, vice president of Newt Marine, based in Dubuque, Iowa. “Additionally, the fuel usage saved is quite substantial, and the useful life of the engines will have a noticeable impact on the consistent fleet operations for the next several decades. As we progress