Month: July 2020

HOUSTON, July 29, 2020 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE: OIS) reported a net loss of $24.6 million, or $0.41 per share, for the second quarter of 2020, on revenues of $146.2 million. Consolidated EBITDA (Note A) was a loss of $4.5 million. Excluding $5.4 million of severance and downsizing charges incurred during the quarter, Consolidated EBITDA totaled $0.9 million. The reported second quarter 2020 net loss included the following more significant charges and gains, which resulted in a net charge of $4.6 million after-tax, or $0.08 per share:Severance and downsizing charges totaled $5.4 million ($4.3 million after-tax, or $0.07 per share)Bad debt provision on receivables from customers claiming bankruptcy protection totaled $2.2 million ($1.7 million after-tax, or $0.03 per share)Non-cash fixed asset impairment...

DENVER, July 29, 2020 (GLOBE NEWSWIRE) — Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) today announced its unaudited financial results with net income of $1.9 million for the quarter ended June 30, 2020. Management’s quarterly conference call to discuss these results is scheduled for 2:30 p.m. MDT on July 30, 2020. The Company’s unaudited financial statements, Management’s Discussion and Analysis together with other important disclosures are available in the Company’s Quarterly Report on Form 10-Q, filed on  July 29, 2020 with the U.S. Securities and Exchange Commission (“SEC”) and the Canadian securities regulatory authorities.Summary of Q2 2020 Financial ResultsVista reported net income of $1.9 million, or $0.01 per share for the three months ended June 30, 2020. The Company benefited from a gain of...

TORONTO, July 29, 2020 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) today announced results for its second quarter ended June 30, 2020. “The global pandemic posed a sudden and severe operational challenge for Allied,” said Michael Emory, President & CEO. “Our team responded effectively, and our properties and user-base have held up extraordinarily well thus far. No user of Allied workspace failed as a result of the global pandemic, and we limited turnover vacancy as a result of non-payment of rent to 9,912 square feet. While the global pandemic and consequent economic disruption are far from over, I believe we’re again demonstrating that our team, our properties and our user-base are resilient.”OperationsGross monthly rent due in the second quarter was $164 million. 1.4%...

EDMUNDSTON, New Brunswick, July 29, 2020 (GLOBE NEWSWIRE) — Acadian Timber Corp. (“Acadian” or the “Company”) (TSX:ADN) today reported financial and operating results1 for the three months ended June 27, 2020 (the “second quarter”).“Acadian operations were impacted by challenging operating conditions during the second quarter,” commented Erika Reilly, Chief Executive Officer. “While the second quarter of the year is traditionally our weakest due to seasonal operating conditions, operating activity was impacted by an earlier end to winter operations this year compared to 2019, followed by highly unusual dry and hot weather that led to extreme fire risk and operating restrictions later in the quarter. All told, Acadian operated four fewer weeks in the second quarter of 2020 compared to the same period last year.”The circumstances...

ACHESON, Alberta, July 29, 2020 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG”) (TSX:NOA/NYSE:NOA) today announced results for the second quarter ended June 30, 2020.Financial Highlights of the Second Quarter Ended June 30, 2020Revenue for the quarter was $70.8 million, compared to $176.9 million for the same period in the prior year, a decrease of $106.2 million (or 60%).Year to date revenue was $269.6 million, compared to $363.3 million for the same period in the prior year, a decrease of $93.8 million (or 26%).Adjusted EBITDA for the quarter was $31.9 million, compared to $37.1 million for the same period in the prior year, a decrease of $5.2 million (or 14%).Year to date Adjusted EBITDA was $92.1 million, compared to  $89.2 million for the same period in the prior year, an increase of $2.9 million (or 3%).Adjusted...

TORONTO, July 29, 2020 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) announced today that Jennifer Tory has been appointed as a trustee of Allied (a “Trustee”) by the Trustees. She will hold office as a Trustee until the next annual meeting of unitholders or until her successor is elected or appointed.“Jennifer Tory is a most welcome addition to our Board,” said Gordon Cunningham, Chair of Trustees. “She will bring to our deliberations a wealth of business acumen, real estate knowledge and people management skills as we continue to grow our business and in our ongoing process of board renewal and succession planning.”Having started her career with Royal Bank of Canada (“RBC”) in 1978, Ms. Tory held successively senior leadership roles, including as Group Head, Personal & Commercial...

Generated Double-Digit Operating Income and EBITDA Growth on Stable RevenuesInternational and US Telecom Services Demonstrated Resilience to COVID-19 Pandemic DisruptionsStrong Balance Sheet Provides Significant Strength and Financial FlexibilityBEVERLY, Mass., July 29, 2020 (GLOBE NEWSWIRE) — ATN International, Inc. (Nasdaq: ATNI) today reported results for the second quarter ended June 30, 2020.Business Review and Outlook“Our second quarter results benefited from past investments and initiatives, which have led to steady operating income and EBITDA performance across our International Telecom and US Telecom segments. Strong year-on-year operating income and EBITDA comparisons in International Telecom reflect increased usage of our broadband services, which we believe are the best in our markets. This demand for our fixed services...

CALGARY, Alberta, July 29, 2020 (GLOBE NEWSWIRE) — DIRTT Environmental Solutions Ltd. (“DIRTT,” the “Company,” “we” or “us”) (TSX: DRT, NASDAQ: DRTT), an interior construction company that uses technology for client-driven design and manufacturing, today announced its financial results for the three and six months ended June 30, 2020. All financial information in this news release is presented in U.S. dollars, unless otherwise stated.Second Quarter 2020Revenue of $42.2 millionGross profit margin of 33.7%Adjusted Gross Profit Margin1 of 38.2%Net income of $0.3 millionNet income margin of 0.7%Adjusted EBITDA1 of $0.3 millionAdjusted EBITDA Margin1 of 0.6%$44.6 million cash balanceManagement Commentary“We continued making steady progress in implementing key elements of our strategic plan despite adjusting our hiring plans in reaction...

TORONTO, July 29, 2020 (GLOBE NEWSWIRE) — Just Energy Group Inc. (“Just Energy” or the “Company”), announces that it is utilizing the extension period provided under Ontario Instrument 51-505 – Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the Period from June 2 to August 31, 2020 (“Instrument 51- 505”), and similar extension periods provided for by the Canadian Securities Administrators in the other provinces and territories of Canada, for (i) filing its financial statements comprising its interim financial report, and related management’s discussion and analysis for the Company’s first quarter of Fiscal 2021 ending June 30, 2020 (collectively, the “First Quarter Fiscal 2021 Filings”), and (ii) compliance with the delivery requirements of applicable securities laws relating to the First...

WESTLAKE VILLAGE, Calif., July 29, 2020 (GLOBE NEWSWIRE) — MannKind Corporation (NASDAQ:MNKD) will release its 2020 second quarter financial results and its management will host a conference call to discuss the financial results and corporate updates at 5:00 PM (Eastern Time) on Wednesday, August 5, 2020.Presenting from the Company will be its Chief Executive Officer, Michael Castagna and Chief Financial Officer, Steven Binder.Those interested in listening to the conference call live via the Internet may do so by visiting the Company’s website at http://www.mannkindcorp.com under News & Events. A telephone replay of the call will be accessible for approximately 14 days following completion of the call by dialing (844) 512-2921 or (412) 317-6671 and use the participant passcode: 7888638#. A replay will also be available...