Day: March 10, 2022

Fourth quarter earnings hurt by lack of supply and higher costs Inflation and supply chain issues impair short-term earnings visibility Management focusing on long-term strategy and value creationMONTRÉAL, March 10, 2022 (GLOBE NEWSWIRE) — Dorel Industries Inc. (TSX: DII.B, DII.A) today announced results for the fourth quarter and year ended December 30, 2021. “The fourth quarter was a difficult one as continuing global supply chain constraints and related higher costs for products, services and commodities pressured margins, reducing earnings at both Dorel Home and Dorel Juvenile. Demand was strong at many of our divisions; however, frustratingly, like many companies, we were unable to secure the necessary goods or parts to fully satisfy consumer requirements. While these external forces are beyond our control, internally...

Increases Quarterly Distribution to $0.63 Per Share NEW YORK, March 10, 2022 (GLOBE NEWSWIRE) — Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”) announced today its financial results for the full year ended December 31, 2021. The Company also declared a quarterly stockholder distribution of $0.63 per share for the first quarter of 2022, payable on March 30, 2022 to stockholders of record at the close of business on March 21, 2022. This is an increase of $0.01 per share from $0.62 per share distributed in the fourth quarter of 2021 and $0.60 per share distributed in preceding quarters. Full Year 2021 Highlights1Net asset value (“NAV”) for full year 2021 increased to $280.1 million ($28.88 per share) from $216.3 million ($28.77 per share) year-over-year, reflecting broad-based improvements in...

Consolidated revenue grew 84% to $58.1 million in the fourth quarter and 65% to $188.9 million for the full year Full year gross margin increased to 51% Achieved positive Adjusted EBITDA through fiscal 2021, an improvement of $54.1 million over 2020 Secured $150 million credit facility to accelerate optimized strategy NEW YORK, March 10, 2022 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (“Acreage”) (CSE:ACRG.A.U, ACRG.B.U), (OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., today reported its financial results for the fourth quarter and full year ended December 31, 2021 (“Q4 2021”). Fourth Quarter 2021 Financial HighlightsConsolidated revenue was $58.1 million for Q4 2021, an increase of 84% year-over-year and 21% sequentially. Gross margin increased...

CALGARY, Alberta, March 10, 2022 (GLOBE NEWSWIRE) — Total Energy Services Inc. (“Total Energy” or the “Company”) (TSX:TOT) announces its consolidated financial results for the three months and year ended December 31, 2021. Financial Highlights ($000’s except per share data)  Three months ended December 31   Year ended December 31  2021 2020 Change   2021 2020 ChangeRevenue $ 134,629   $ 83,472   61 %   $ 431,576   $ 365,750   18 %Operating income (loss)   1,680     (4,013 ) nm       (1,413 )   (36,539 ) (96 %)EBITDA (1)   22,567     19,546   15 %     86,015     81,204   6 %Cashflow   22,144     18,431   20 %     80,191     73,437   9 %Net income (loss)   1,036     (1,732 ) nm       (428 )   (30,455 ) (99 %)Attributable to shareholders   1,049     (1,739 ) nm       (360 )   (30,450 ) (99 %)                         Per...

HOUSTON, March 10, 2022 (GLOBE NEWSWIRE) — SEACOR Marine Holdings Inc. (NYSE:SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore energy facilities worldwide, today announced results for its fourth quarter ended December 31, 2021. SEACOR Marine’s consolidated operating revenues from continuing operations for the fourth quarter of 2021 were $48.0 million, operating loss was $14.7 million, and direct vessel profit (“DVP”)(1) was $12.9 million. This compares to consolidated operating revenues from continuing operations of $36.0 million, operating loss of $16.9 million, and DVP of $10.5 million in the fourth quarter of 2020. Notable fourth quarter items include:Increased utilization across all regions and asset classes, with average utilization rates of 73%, the highest...

HOLLAND LANDING, Ontario, March 10, 2022 (GLOBE NEWSWIRE) — Inscape (TSX: INQ), a leading designer and manufacturer of furnishings and movable wall systems for the workplace, today announced its results of operations for the three and nine months ended January 31, 2022.  “Third quarter fiscal 2022 sales levels represented our second successive quarter over quarter sales improvement since the beginning of the fiscal year.  While these reported sales levels to date are not yet satisfactory or adequate to sustain the business over the long term, we see these increasing sales levels as evidence of a recovery from the depths of decline brought about by the pandemic and exacerbated by related supply chain challenges.  Sales pipeline levels continue to show improving activity levels / conversion, and align with the various indicators...

Nova Leap Health Revenue Chart Nova Leap Health Revenue ChartNova Leap Health Adj EBITDA Chart Nova Leap Health Adj EBITDA ChartNOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES HALIFAX, Nova Scotia, March 10, 2022 (GLOBE NEWSWIRE) — NOVA LEAP HEALTH CORP. (TSXV: NLH) (“Nova Leap” or “the Company”), a growing home health care organization, is pleased to announce the release of financial results for the year ended December 31, 2021. All amounts are in United States dollars unless otherwise specified. Nova Leap Fourth Quarter and Year End Financial Results Financial results for the three and twelve months ended December 31, 2021 include the following:2021 annual revenues of $21.279 million were the highest in the Company’s history and represents a 22.9% increase from 2020 revenues of...