Finning reports Q1 2020 results

Written by Customer Service on May 4, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, May 04, 2020 (GLOBE NEWSWIRE) — Finning International Inc. (TSX: FTT) (“Finning” or the “Company” or “we”, “our” or “us”) reported first quarter 2020 results today. All monetary amounts are in Canadian dollars unless otherwise stated.HIGHLIGHTSAll comparisons are to Q1 2019 results unless indicated otherwise.Despite lower revenue in Q1 2020, EBITDA(2) was $170 million and EPS(2) was $0.33, growing 5% and 9%, respectively compared to Q1 2019 adjusted results, reflecting improved execution in South America, the resiliency of our product support business, and reduced SG&A(2) costs.Product support revenue was up 4% compared to Q1 2019, driven by a 23% increase in product support revenue in South America from improved execution in Chilean mining operations.South America’s Q1 2020 EBIT(2) and EBITDA as...

Watford Reports 2020 First Quarter Results

Written by Customer Service on May 4, 2020. Posted in Public Companies.

PEMBROKE, Bermuda, May 04, 2020 (GLOBE NEWSWIRE) — WATFORD HOLDINGS LTD. (“Watford” or the “Company”) (NASDAQ: WTRE) today reported a net loss of $267.8 million, after $1.2 million of preference dividends, for the three months ended March 31, 2020, compared to net income of $47.6 million, after payment of $4.9 million of preference dividends, for the same period in 2019. Book value per diluted common share was $28.21 at March 31, 2020, a decrease of 35.1% from December 31, 2019. The quarterly results include:Net loss available to common shareholders of $267.8 million, or $(13.42) per diluted common share, compared to net income of $47.6 million, or $2.10 per diluted common share, for the 2019 first quarter;Combined ratio of 104.4%, comprised of a 79.0% loss ratio, a 20.3% acquisition expense ratio and a 5.1% general and administrative...

Aura Minerals Provides Update Regarding Operations and Measures Undertaken Amid COVID-19 Pandemic

Written by Customer Service on May 4, 2020. Posted in Public Companies.

ROAD TOWN, British Virgin Islands, May 04, 2020 (GLOBE NEWSWIRE) — Aura Minerals Inc. (TSX: ORA) (“Aura” or the “Company”) today provided an update on the current status of operations at its properties in light of, as well as initiatives it is undertaking in response to, the ongoing global COVID-19 pandemic (the “Pandemic”).Aura remains committed through the Pandemic to uphold its most important values, which, under the 360° Mining concept, include its commitment to act responsibly, to continue to build respectful and sustainable relationships with the communities around which it operates and to meet the highest safety standards for its employees. Through the Pandemic to date, Aura has undertaken a wide range of measures not only to help curtail the spread of COVID-19, but also to actively contribute to improving conditions for...

ISC Provides Advisory to Saskatchewan Land Registry Customers

Written by Customer Service on May 4, 2020. Posted in Public Companies.

REGINA, Saskatchewan, May 04, 2020 (GLOBE NEWSWIRE) — Information Services Corporation (“ISC” or the “Company”), the operator and manager of the Saskatchewan Land Registry (the “Land Registry”) on behalf of the Government of Saskatchewan, is advising of the recent occurrence of unusually high search volumes of publicly available free data in the Land Registry.ISC reminds its customers to always be cautious of any unusual or suspicious correspondence, emails or phone calls related to ISC, the Land Registry and its records, or requesting personal or financial information.Customers are encouraged to contact ISC with questions about any correspondence and to ensure their account information is accurate and up to date. Please contact the ISC Customer Support Team by email at ask@isc.ca.There is no evidence to...

AirBoss Announces Organizational Change

Written by Customer Service on May 4, 2020. Posted in Public Companies.

NEWMARKET, Ontario, May 04, 2020 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX: BOS) (the “Company” or “AirBoss”) today announced that Chief Financial Officer Daniel Gagnon has advised the Company that he will be leaving the organization effective June 12, 2020 in order to pursue other projects while making more time for his family. Mr. Gagnon joined AirBoss in 2016 after working at a variety of large Canadian companies and has committed to staying with the organization in order to support an orderly transition to a new CFO.“On behalf of the board and management team I want to thank Daniel for his many contributions to AirBoss over the last four years and wish him well in his future endeavors,” said Mr. Gren Schoch, Chairman and CEO of AirBoss. “Daniel has been an integral part of the growth of AirBoss...

Viemed Healthcare Announces First Quarter 2020 Record Financial Results

Written by Customer Service on May 4, 2020. Posted in Public Companies.

LAFAYETTE, La., May 04, 2020 (GLOBE NEWSWIRE) — Viemed Healthcare, Inc. (the “Company” or “Viemed”) (TSX: VMD.TO and NASDAQ:VMD), a home medical equipment supplier that provides post-acute respiratory care services in the United States, announced today that it has reported its financial results for the three months ended March 31, 2020.Operational highlights (all dollar amounts are USD):Net revenues for the quarter ended March 31, 2020 were $23.8 million, an increase of 31% over net revenues reported for the comparable quarter ended March 31, 2019. Current quarter revenues included approximately $1 million of product sales related to the ongoing COVID-19 pandemic.The Company grew its active ventilator patient base for the quarter ended March 31, 2020 by approximately 25% as compared to the prior year’s comparable quarter and 3%...

Dream Alternatives Reports First Quarter Results

Written by Customer Service on May 4, 2020. Posted in Public Companies.

TORONTO, May 04, 2020 (GLOBE NEWSWIRE) — DREAM HARD ASSET ALTERNATIVES TRUST (TSX: DRA.UN) (“Dream Alternatives”, “we” or the “Trust”) today reported its financial results for the three months ended March 31, 2020.For the three months ended March 31, 2020, the Trust reported net income of $5.2 million, up significantly from $0.7 million in the comparative period. The increase in net income was primarily attributable to a foreign currency gain of $4.4 million on the Trust’s investment in the Hard Rock/Virgin Hotels Las Vegas (“Hard Rock”), a deferred compensation recovery of $1.4 million relating to the Trust’s deferred unit incentive plan (“DUIP”), as well as lower asset management fees incurred in the period. Both the DUIP and asset management fees are measured...

Douglas Dynamics Reports First Quarter 2020 Results

Written by Customer Service on May 4, 2020. Posted in Public Companies.

Performance Impacted by Snowfall, the COVID-19 Pandemic and Chassis SupplyFirst Quarter Highlights:Net Sales of $68.2 million were negatively impacted by significantly below average snowfall, chassis supply constraints and the operational and economic impact of the COVID-19 pandemic in MarchAll U.S. facilities closed on March 18th; Conducting phased reopening of facilities during April and MayPaid $0.28 per share cash dividend on March 31, 2020 and remain committed to maintaining the dividend based on balance sheet strengthMaintained ample total liquidity of $86.3 millionWithdrawing 2020 guidanceMILWAUKEE, May 04, 2020 (GLOBE NEWSWIRE) — Douglas Dynamics, Inc. (NYSE: PLOW), North America’s premier manufacturer and upfitter of work truck attachments and equipment, today announced financial results for the first quarter ended March...

Maha Energy AB (publ) (“Maha” or the “Company”) Announce April Production Volumes

Written by Customer Service on May 4, 2020. Posted in Public Companies.

Maha Energy AB (publ)Strandvägen 5ASE-114 51 Stockholmwww.mahaenergy.caPress releaseStockholmMay 5, 2020Maha Energy AB (publ) Announce April Production VolumesProduction VolumesThe Company’s aggregate sales production for the month of April totaled 90,6641 barrels of oil and 2.250 million scf of gas for a combined average production of approximately 3,035 BOE/day2, before royalties and taxes.The month of April saw unusually low gas sales at the Tie field which was due to the suspension of gas offtake by CDGN, the Company’s main gas customer. As a result of the indirect effects of the Covid-19 pandemic, CDGN’s end customers are currently closed due to weak product demand and Covid-19 restrictions. This in turn resulted in a temporary reduction in oil production from the Tie field during the month.The company is working at many...

Motus GI to Release First Quarter 2020 Results and Provide a Business Update on May 14th

Written by Customer Service on May 4, 2020. Posted in Public Companies.

FORT LAUDERDALE, Fla., May 04, 2020 (GLOBE NEWSWIRE) — Motus GI Holdings, Inc., (NASDAQ: MOTS) (“Motus GI” or the “Company”), a medical technology company providing endoscopy solutions that improve clinical outcomes and enhance the cost-efficiency associated with the diagnosis and management of gastrointestinal conditions, announced today that the Company will release its first quarter 2020 financial results on Thursday, May 14, 2020, after the market close. Management will host a conference call and webcast at 4:30 p.m. ET to discuss the results and provide updates on recent corporate developments. A replay of the webcast will be archived on the Motus GI website, www.motusgi.com, for 90 days following the event.About Motus GI and the Pure-Vu® SystemMotus GI Holdings, Inc. is a medical technology company,...

Day: May 4, 2020

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