Firm Capital Mortgage Investment Corporation Announces Q1/2023 Results, as Well as the Declaration of July, August, and September Monthly Cash Dividends

Written by Customer Service on May 4, 2023. Posted in Earnings Releases And Operating Results.

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...

Interfor Reports Q1’23 Results

Written by Customer Service on May 4, 2023. Posted in Earnings Releases And Operating Results.

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 Prices Lumber 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...

Martinrea International Inc. Reports Record Quarterly Sales and Declares Dividend

Written by Customer Service on May 4, 2023. Posted in Earnings Releases And Operating Results.

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 HIGHLIGHTS Total 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...

ECN Capital Schedules Q1-2022 Earnings Release Date

Written by Customer Service on May 4, 2023. Posted in Earnings Releases And Operating Results.

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...

Constellation Software Inc. and Topicus.Com Inc. Announce Results for Topicus.com Inc. for the First Quarter Ended March 31, 2023

Written by Customer Service on May 4, 2023. Posted in Earnings Releases And Operating Results.

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...

Post Holdings Reports Results for the Second Quarter of Fiscal Year 2023; Raises Fiscal Year 2023 Outlook

Written by Customer Service on May 4, 2023. Posted in Earnings Releases And Operating Results.

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....

Extendicare Announces 2023 First Quarter Results

Written by Customer Service on May 4, 2023. Posted in Earnings Releases And Operating Results.

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 Highlights Adjusted 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...

Brink’s Announces Dividend Increase of 10%

Written by Customer Service on May 4, 2023. Posted in Dividend Reports And Estimates.

RICHMOND, Va., May 04, 2023 (GLOBE NEWSWIRE) — The Brink’s Company (NYSE:BCO), the global leader in total cash management, route-based secure logistics and payment solutions, today announces that its Board of Directors has declared a 10% increase in the regular quarterly dividend on its common stock, from 20 cents per share to 22 cents per share. The dividend is payable on June 1, 2023, to shareholders of record on May 15, 2023. Mark Eubanks, president and CEO, said: “In recognition of our strong 2022 performance, stable financial position, and business outlook, the board has voted to increase our dividend for the first time since 2021. As a part of our broader capital allocation framework, this dividend increase, and our share repurchase program, reflect our commitment to drive long-term shareholder value by returning excess cash...

Black Diamond Reports First Quarter 2023 Results And Declares Dividend

Written by Customer Service on May 4, 2023. Posted in Dividend Reports And Estimates.

CALGARY, Alberta, May 04, 2023 (GLOBE NEWSWIRE) — Black Diamond Group Limited (“Black Diamond”, the “Company” or “we”), (TSX:BDI), a leading provider of space rental and workforce accommodation solutions, today announced its operating and financial results for the three months ended March 31, 2023 (the “Quarter”) compared with the three months ended March 31, 2022 (the “Comparative Quarter”). All financial figures are expressed in Canadian dollars. Key Highlights from the First Quarter of 2023 Consolidated rental revenue of $34.4 million and Adjusted EBITDA1 of $21.4 million were up 28% and 20% from the Comparative Quarter, respectively. Modular Space Solutions (“MSS”) rental revenue set another quarterly record of $20.4 million and increased 27% from the...

Pennant Acquires Colorado Home Health Provider

Written by Customer Service on May 4, 2023. Posted in Mergers And Acquisitions.

EAGLE, Idaho, May 04, 2023 (GLOBE NEWSWIRE) — The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has acquired the assets of Benefit Home Healthcare and Benefit By Your Side (“Benefit”), which provides skilled home health, private duty, and community health services in Colorado Springs, Colorado. “We are pleased to expand our home health operations deeper into the state of Colorado,” said Brent Guerisoli, Chief Executive Officer of Pennant. “Benefit will be a great partner to our affiliates in the area as we further expand the continuum of care and provide life-changing service to the residents of Colorado Springs and its surrounding communities,” Guerisoli added. “Benefit has been a community staple since...

Day: May 4, 2023

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