Day: May 4, 2023

TORONTO, May 04, 2023 (GLOBE NEWSWIRE) — Firm Capital Mortgage Investment Corporation (the “Corporation”) (TSX FC, FC.DB.G, FC.DB,H, FC.DB.I, FC.DB.J ,FC.DB. K and FC.DB.L) released its financial statements for the three months ended March 31, 2023. NET INCOMEFor the three months ended March 31, 2023, net income increased by 10.8% to $8,711,897 as compared to $7,861,540 reported for the same period in 2022. The increase is primarily a result of a higher average interest rate on the Corporation’s Investment Portfolio (March 31, 2023 – 11.15% vs March 31, 2022 – 8.05%). EARNINGS PER SHAREBasic weighted average profit per share for the three months ended March 31, 2023, was $0.253, as compared to the $0.232 per share reported for the three months ended March 31, 2022. PORTFOLIOThe Corporation’s Investment Portfolio decreased by $9.2...

Adjusted EBITDA of $26 million and Net Loss of $41 million BURNABY, British Columbia, May 04, 2023 (GLOBE NEWSWIRE) — INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) recorded a Net loss in Q1’23 of $41.3 million, or $0.80 per share, compared to $72.2 million, or $1.40 per share in Q4’22 and Net earnings of $397.0 million, or $6.69 per share in Q1’22. Adjusted EBITDA was $26.1 million on sales of $829.9 million in Q1’23 versus negative Adjusted EBITDA of $68.7 million on sales of $810.3 million in Q4’22 and Adjusted EBITDA of $570.1 million on sales of $1.3 billion in Q1’22. Notable items in the quarter:Lower Lumber PricesLumber prices continued to reflect softened demand driven by the elevated interest rate environment. Interfor’s average selling price was $639 per mfbm, down $60 per mfbm versus Q4’22. The Western...

TORONTO, May 04, 2023 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the first quarter ended March 31, 2023 and declared a quarterly cash dividend of $0.05 per share. FIRST-QUARTER HIGHLIGHTSTotal sales of $1,303.9 million, up 12.9% year-over-year, a new quarterly record for the Company. Diluted net earnings per share of $0.60, and Adjusted Net Earnings per Share(1) of $0.54. Operating Income Margin of 5.8%. Adjusted EBITDA(1) of $152.5 million, a new quarterly record for the Company. First quarter financial results were much improved compared to the first quarter of 2022, as semiconductor...

TORONTO, May 04, 2023 (GLOBE NEWSWIRE) — ECN Capital Corp. (TSX: ECN) (“ECN Capital” or “the Company”) announced today that it intends to file its financial statements and management discussion and analysis for the three-month period ended March 31, 2023 after markets close on Monday, May 15, 2023. About ECN Capital Corp. With managed assets of more than US$4 billion, ECN Capital Corp. (TSX: ECN) is a leading provider of business services to North American based banks, credit unions, life insurance companies, pension funds and institutional investors (collectively our “Partners”). ECN Capital originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and marine and recreational vehicle) loans. Our Partners are seeking high quality assets to match with their deposits or...

TORONTO, May 04, 2023 (GLOBE NEWSWIRE) — Topicus.com Inc. (TSXV:TOI) in a joint release with Constellation Software Inc. (TSX:CSU) today announced financial results for Topicus.com Inc. (“Topicus” or the “Company”) for the first quarter ended March 31, 2023. Please note that all amounts referred to in this press release are in Euros unless otherwise stated. The following press release should be read in conjunction with the Company’s Unaudited Condensed Consolidated Interim Financial Statements for the three months ended March 31, 2023 and the accompanying notes, our Management’s Discussion and Analysis for the three months ended March 31, 2023 and the Annual Consolidated Financial Statements of Topicus.com Inc. for the year ended December 31, 2022, which we prepared in accordance with International Financial Reporting Standards...

ST. LOUIS, May 04, 2023 (GLOBE NEWSWIRE) — Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today reported results for the second fiscal quarter ended March 31, 2023. Highlights:Second quarter net sales of $1.6 billion Operating profit of $137.7 million; net earnings from continuing operations of $54.1 million and Adjusted EBITDA (non-GAAP)* of $276.3 million Completed the acquisition of select pet food brands Raised Adjusted EBITDA (non-GAAP)* guidance range for fiscal year 2023 to $1,090-$1,130 million, inclusive of partial year pet food contribution*For additional information regarding non-GAAP measures, such as Adjusted EBITDA, Adjusted net earnings from continuing operations and segment Adjusted EBITDA, see the related explanations presented under “Use of Non-GAAP Measures” later in this release....

MARKHAM, Ontario, May 04, 2023 (GLOBE NEWSWIRE) — Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) today reported results for the three months ended March 31, 2023. Results are presented in Canadian dollars unless otherwise noted. First Quarter HighlightsAdjusted EBITDA(1) increased $10.8 million to $31.0 million, primarily due to a higher recovery of COVID-19 costs of $3.6 million, prior period long-term care (“LTC”) funding of $3.7 million, and growth in home health care volumes and managed services. COVID funding support will be phased out in Ontario and Manitoba following a Q1 2023 recovery of $13.1 million for unfunded COVID costs incurred in 2022; we expect lower volatility in our financial results as COVID outbreaks recede and Ontario increases funding for direct care hours effective April 1, 2023. Home health...