Granite Falls Energy
OverviewSuggest Edit
Granite Falls Energy, LLC owns and operates a fuel-grade ethanol plant. The company's business consists primarily of producing ethanol and its related co-products, including wet, modified and dried distillers’ grains, as well as corn oil. Granite Falls Energy ethanol production operations are carried out at our ethanol plant located in Granite Falls, Minnesota and at the ethanol plant operated by HLBE located near Heron Lake, Minnesota.
Additionally, the company has a principal co-product of the ethanol production process which is distillers’ grains, a high-protein and high-energy animal feed ingredient primarily marketed to the dairy and beef industries. GFE also extracts non-edible crude corn oil during the thin stillage evaporation process immediately prior to production of distillers’ grains.
| Type | Public | |
| Founded | 2000 | |
| HQ | Granite Falls, US | Map |
| Website | granitefallsenergy.com |
Locations
Latest Updates
| Employees (est.) (Oct 2017) | 82 | (-1%) |
| Revenue (FY, 2018) | $210.3 M | (-2%) |
Key People/Management at Granite Falls Energy
Paul Enstad
Rod Wilkison
Dean Buesing
Granite Falls Energy Office Locations
Granite Falls Energy Financials and Metrics
Granite Falls Energy Revenue
| USD | |
|---|---|
Revenue (FY, 2018) | 210.3m |
Gross profit (FY, 2018) | 9.6m |
Gross profit margin (FY, 2018), % | 4.6% |
Net income (FY, 2018) | 3.4m |
EBIT (FY, 2018) | 3.3m |
Cash (31-Oct-2018) | 14.9m |
EV | 78.8m |
| USD | Q1, 2014 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 77.5m | 58.7m | 51.0m | 51.0m | 58.0m | 54.6m | 52.8m | 54.3m | 53.0m | 55.6m | 53.2m |
Cost of goods sold | 63.0m | 49.9m | 49.6m | 48.7m | 51.7m | 47.7m | 48.8m | 50.0m | 50.0m | 51.7m | 49.5m |
Gross profit | 14.4m | 8.8m | 1.4m | 2.3m | 6.3m | 6.8m | 4.0m | 4.2m | 3.0m | 3.8m | 3.7m |
Gross profit Margin, % | 19% | 15% | 3% | 4% | 11% | 13% | 7% | 8% | 6% | 7% | 7% |
| USD | Q1, 2014 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 1.7m | 6.6m | 10.6m | 11.3m | 3.2m | 17.0m | 20.4m | 6.6m | 13.7m | 15.4m |
Accounts Receivable | 11.9m | 5.3m | 1.9m | 6.9m | 4.4m | 609.6k | 2.2m | 7.4m | 4.5m | 2.6m |
Inventories | 9.6m | 12.4m | 11.7m | 10.8m | 18.6m | 14.0m | 12.9m | 15.7m | 14.1m | 15.6m |
Current Assets | 25.4m | 26.8m | 25.4m | 32.2m | 27.4m | 32.8m | 36.5m | 31.1m | 34.6m | 35.0m |
| USD | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 5.4m | 26.5k | 738.9k | 5.6m | 5.6m | 8.0m | 10.7m | 1.5m | 3.7m | 5.8m | |||
Depreciation and Amortization | 2.4m | 4.8m | 7.2m | 5.0m | 7.1m | 2.3m | 4.6m | 6.9m | |||||
Inventories | 11.2m | 13.4m | 10.5m | 12.7m | (214.0k) | 479.7k | (191.7k) | 18.6m | 4.3m | 5.4m | (495.4k) | 1.1m | (378.4k) |
Accounts Payable | 6.2m | 7.7m | 3.9m | 3.3m | (1.7m) | (830.9k) | (8.8k) | 3.5m | (6.2m) | (5.3m) | (2.6m) | (3.0m) | (2.7m) |
| USD | Y, 2018 |
|---|---|
EV/EBIT | 23.9 x |
EV/CFO | 5.1 x |
Granite Falls Energy Frequently Asked Questions
When was Granite Falls Energy founded?
Granite Falls Energy was founded in 2000.
Who are Granite Falls Energy key executives?
Granite Falls Energy's key executives are Paul Enstad, Rod Wilkison and Dean Buesing.
How many employees does Granite Falls Energy have?
Granite Falls Energy has 82 employees.
What is Granite Falls Energy revenue?
Latest Granite Falls Energy annual revenue is $210.3 m.
What is Granite Falls Energy revenue per employee?
Latest Granite Falls Energy revenue per employee is $2.6 m.
Who are Granite Falls Energy competitors?
Competitors of Granite Falls Energy include Heron Lake BioEnergy, Enviva Partners and MycoWorks.
Where is Granite Falls Energy headquarters?
Granite Falls Energy headquarters is located at Granite Falls, MN 56241, USA, Granite Falls.
Where are Granite Falls Energy offices?
Granite Falls Energy has an office in Granite Falls.
How many offices does Granite Falls Energy have?
Granite Falls Energy has 1 office.