GR Engineering Services Management

Management criteria checks 3/4

GR Engineering Services' CEO is Tony Patrizi, appointed in Jan 2022, has a tenure of 2.33 years. total yearly compensation is A$519.89K, comprised of 91.5% salary and 8.5% bonuses, including company stock and options. directly owns 5.87% of the company’s shares, worth A$21.74M. The average tenure of the management team and the board of directors is 3.7 years and 7.6 years respectively.

Key information

Tony Patrizi

Chief executive officer

AU$519.9k

Total compensation

CEO salary percentage	91.5%
CEO tenure	2.3yrs
CEO ownership	5.9%
Management average tenure	3.7yrs
Board average tenure	7.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tony Patrizi's remuneration changed compared to GR Engineering Services's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	AU$29m
Sep 30 2023	n/a	n/a	AU$28m
Jun 30 2023	AU$520k	AU$476k	AU$27m
Mar 31 2023	n/a	n/a	AU$30m
Dec 31 2022	n/a	n/a	AU$33m
Sep 30 2022	n/a	n/a	AU$34m
Jun 30 2022	AU$340k	AU$300k	AU$35m
Mar 31 2022	n/a	n/a	AU$31m
Dec 31 2021	n/a	n/a	AU$27m
Sep 30 2021	n/a	n/a	AU$24m
Jun 30 2021	AU$342k	AU$305k	AU$21m
Mar 31 2021	n/a	n/a	AU$17m
Dec 31 2020	n/a	n/a	AU$12m
Sep 30 2020	n/a	n/a	AU$3m
Jun 30 2020	AU$344k	AU$304k	-AU$7m
Mar 31 2020	n/a	n/a	-AU$7m
Dec 31 2019	n/a	n/a	-AU$7m
Sep 30 2019	n/a	n/a	-AU$420k
Jun 30 2019	AU$347k	AU$304k	AU$7m
Mar 31 2019	n/a	n/a	AU$7m
Dec 31 2018	n/a	n/a	AU$7m
Sep 30 2018	n/a	n/a	AU$9m
Jun 30 2018	AU$340k	AU$296k	AU$12m
Mar 31 2018	n/a	n/a	AU$12m
Dec 31 2017	n/a	n/a	AU$12m
Sep 30 2017	n/a	n/a	AU$13m
Jun 30 2017	AU$339k	AU$296k	AU$13m

Compensation vs Market: Tony's total compensation ($USD346.71K) is below average for companies of similar size in the Australian market ($USD639.71K).

Compensation vs Earnings: Tony's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Tony Patrizi

2.3yrs

Tenure

AU$519,888

Compensation

Mr. Tony Marco Patrizi, BE (Mech Eng), serves as Managing Director for GR Engineering Services Limited since February 16, 2023. He was Acting Managing Director of GR Engineering Services Limited since 2022...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Tony Patrizi	MD & Director	2.3yrs	AU$519.89k	5.87% A$ 21.7m
Omesh Motiwalla	CFO & Company Secretary	5.1yrs	AU$489.32k	0.030% A$ 111.0k
David Sala Tenna	Chief Operating Officer	1.3yrs	AU$385.86k	7.38% A$ 27.4m
Peter Allen	Manager of Technical Services	6.4yrs	AU$500.88k	no data

3.7yrs

Average Tenure

Experienced Management: GNG's management team is considered experienced (3.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Tony Patrizi	MD & Director	17.7yrs	AU$519.89k	5.87% A$ 21.7m
Phillip Lockyer	Independent Non-Executive Chairman	7.6yrs	AU$95.69k	0.030% A$ 111.0k
Peter Hood	Independent Non Executive Director	13.3yrs	AU$71.59k	0.30% A$ 1.1m
Giuseppe Totaro	Independent Non-Executive Director	4.8yrs	AU$71.59k	4.79% A$ 17.8m
Deborah Morrow	Director	less than a year	no data	no data

7.6yrs

Average Tenure

Experienced Board: GNG's board of directors are considered experienced (7.6 years average tenure).

GR Engineering Services Management

Management criteria checks 3/4

Key information

Recent management updates

GR Engineering Services Limited, Annual General Meeting, Nov 22, 2023

GR Engineering Services Limited Appoints Tony Patrizi as Managing Director

Insufficient new directors

GR Engineering Services Limited Announces Managing Director Transition

Insufficient new directors

Gr Engineering Services Limited Announces Demises of Barry Patterson, Director

Recent updates

Upcoming dividend of AU$0.09 per share

First half dividend of AU$0.09 announced

First half 2024 earnings released: EPS: AU$0.087 (vs AU$0.08 in 1H 2023)

Now 22% undervalued

New minor risk - Shareholder dilution

Upcoming dividend of AU$0.10 per share at 8.3% yield

GR Engineering Services Limited, Annual General Meeting, Nov 22, 2023

GR Engineering Services Limited Announces Ordinary Fully Franked Dividend for the Period of Six Months Ended 30 June 2023, Payment Date Is 22 September 2023

Full year 2023 earnings released: EPS: AU$0.17 (vs AU$0.22 in FY 2022)

New minor risk - Financial data availability

Now 21% undervalued

Now 22% undervalued

First half 2023 earnings released: EPS: AU$0.08 (vs AU$0.096 in 1H 2022)

GR Engineering Services Limited Appoints Tony Patrizi as Managing Director

Insufficient new directors

GR Engineering Services Limited Announces Managing Director Transition

Full year 2022 earnings released: EPS: AU$0.22 (vs AU$0.14 in FY 2021)

GR Engineering Services Limited Announces Ordinary Fully Franked Dividend for the Period of Six Months Ended 30 June 2022, Payable on 20 September 2022

Insufficient new directors

Investor sentiment improved over the past week

GR Engineering Services Limited Revises Revenue Guidance for the Year Ending 30 June 2022

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

GR Engineering Services Limited Announces Dividend for the Six Months Ended December 31, 2021, Payable on March 25, 2022

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS AU$0.15 (vs AU$0.047 loss in FY 2020)

GR Engineering Services Limited Revises Earnings Guidance for the Year Ending June 30, 2021

GR Engineering Services Limited (ASX:GNG) entered into an agreement to acquire Mipac Holdings Pty Ltd from Eddie De Rivera and others for AUD 21.3 million.

Upcoming Dividend of AU$0.05 Per Share

Revenue beats expectations

First half 2021 earnings released: EPS AU$0.055 (vs AU$0.073 loss in 1H 2020)

GR Engineering Services Limited Updates Earnings Guidance for the Fiscal Year 2021

New 90-day high: AU$1.33

GR Engineering Services Limited Receives Letter of Intent from Pantoro Limited for the Engineering, Procurement and Construction of a New Processing Plant for Norseman Gold Project

GR Engineering Commences for Construction of Process Facility for EcoGraf Limited

New 90-day high: AU$1.28

New 90-day high: AU$1.27

GR Engineering Services Limited Revises Earnings Guidance for the Year Ending June 30, 2021

New 90-day high: AU$1.22

Gr Engineering Services Limited Announces Demises of Barry Patterson, Director

GR Engineering Services Limited Wins Contract for the Engineering, Procurement and Construction Works with Millennium Minerals Ltd

GR Engineering Services Limited Appoints as EPC Contractor by Wiluna Mining Corporation for Stage 1 Works

Upcoming Dividend of AU$0.04 Per Share

GR Engineering Wins Contract for Design and Construction of the Lake Way Project from Salt Lake Potash Worth $107 Million

Calidus Resources Limited Selects GR Engineering Services Ltd as Preferred Contractor

GR Engineering Services Limited (ASX:GNG) completed the acquisition of Hanlon Engineering & Associates, Inc. for $2.8 million.

Earnings released

GR Engineering Services Limited(ASX:GNG) dropped from S&P/ASX All Ordinaries Index

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure