Mullen Says New Capital Should Earn About 25% EBITDA Margins

Mullen Group Chair and Senior Executive Officer Murray Mullen said new capital for large projects should generate EBITDA margins around 25%, while the company will not deploy it without customer rate increases. On the company’s earnings call at 10 a.m. ET (14:00 UTC) Thursday, Oct. 22, Mullen said, “Because new capital really implies that we should be making way north of 20% EBITDA margins, up around 25% for new capital.” He described an expected return profile for large projects, but did not specify a formal calculation method or present 25% as a binding investment policy.

Source: TokenPost