Coventry Group Ltd
CVTYF
Other OTC0.74
USD
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- -
Return %
Stock
S&P500
1Y
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15.98
3Y
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62.25
5Y
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67.55
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Robert James Bulluss B BUS FCPA, GAICD
- Sector
- Industrials
- Industry
- Industrial - Distribution
- Address
- 235 Settlement Road Thomastown VIC Australia 3074
- Website
- cgl.com.au
- Similar Companies
- Business
- Coventry Group Ltd distributes industrial products and services throughout Australia and New Zealand, operating through two primary segments: Trade Distribution and Fluid Systems. The Trade Distribution segment supplies fastening systems via Konnect Fastening Systems and Steelmasters (including Boltmasters and Profast brands), cabinet hardware systems via Artia, industrial and construction products, temporary fencing via GHL TempFence, and associated hardware; the Fluid Systems segment designs, manufactures, supplies, and services lubrication systems, hydraulic systems, fluid dispensing, automation, refuelling systems, hoses, rock hammer services, and fire suppression systems to mining, resources, construction, manufacturing, infrastructure, roofing, cladding, agriculture, and aquaculture sectors. The company maintains over 98 branches and distribution centers across Australia and New Zealand, employs more than 1,100 people, and is headquartered at 235 Settlement Road, Thomastown, Victoria, Australia. Founded in 1936 and listed on the Australian Securities Exchange (ASX: CYG) since 1966, Coventry Group generates the majority of revenue from Trade Distribution, with Fluid Systems contributing a significant portion; it reported FY25 revenue of A$371.5 million. In April 2024, Coventry Group acquired Steelmasters Group, a supplier of industrial and specialty fasteners across Australia and New Zealand with 12 branches, for A$42.1 million (NZ$45.0 million), funded by a A$30.0 million upsized institutional placement (including a A$2.0 million share purchase plan), a new A$25.0 million NAB revolving cash advance facility, and anticipated synergies of A$1.1 million; the deal enhances its fastener portfolio, adds manufacturing capability, broadens geographic reach, and supports EPS accretion while maintaining leverage below 1.9x pro forma FY24F EBITDA. Recent organic expansions include new stores in Yatala and Karratha during H2 FY24, with further openings planned for FY25, alongside ERP project completion in December 2024 to streamline operations.