Day: August 9, 2023

Not for distribution to U.S. News wire services or dissemination in the U.S. VANCOUVER, British Columbia, Aug. 09, 2023 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) is pleased to announce its financial results for the three months ended June 30, 2023 (the “quarter”) and the six months ended June 30, 2023 (“YTD”). HIGHLIGHTSRoyalty Pool Sales(1) down 2.9% to $171.2M for the quarter and up 14.2% to $363.1M YTD KRL Average Sales per Operating Week(1) down 1.3% to $126,000 per Operating Week for the quarter and up by 6.6% to $133,000 per Operating Week YTD Same Store Sales(1) down 2.3% for the quarter and up 14.9% YTD Distributable Cash(1) down 1.2% to 29.4 cents/Fund unit for the quarter and up 22.2% to 63.5 cents/Fund YTD Payout Ratio(2) was 96.4% for the quarter and 89.4% YTDRoyalty Pool Sales...

TORONTO, Aug. 09, 2023 (GLOBE NEWSWIRE) — Dundee Corporation (TSX: DC.A) (the “Corporation” or “Dundee”) today announced its financial results for the three and six months ended June 30, 2023. All currency amounts in this press release are in Canadian dollars except as otherwise indicated. SECOND QUARTER 2023 RESULTSReported net income from portfolio investments for the second quarter of 2023 of $10.1 million (2022 – loss of $52.9 million). The key driver of performance during the quarter was the market appreciation in Reunion Gold Corporation by $20.6 million. The positive performance in the current quarter of 2023 was partially offset by a $3.5 million fair value decline on the warrants of Magna Mining Inc. Broad-based market weakness for mining stocks accounted for the remaining decrease. For the six months ended June 30,...

HOUSTON, Aug. 09, 2023 (GLOBE NEWSWIRE) — Itafos Inc. (TSX-V: IFOS) (the “Company”) reported today its Q2 2023 financial and operational highlights. The Company’s financial statements and management’s discussion and analysis for the three and six months ended June 30, 2023 are available under the Company’s profile at www.sedarplus.com and on the Company’s website at www.itafos.com. All figures are in thousands of US Dollars except as otherwise noted. CEO Commentary “We are pleased to report solid financial results and continuation of our strong safety and operational performance in Q2 2023. For 1H 2023 we reported revenues of $235.7 million and adjusted EBITDA of $82.6 million. The Record of Decision issued on April 24th and subsequent Notice to Proceed on May 8th for the Husky 1/North Dry Ridge mine project represent a significant...

Strong cash margin of $56.2 million and operating cash flows of $47.4 million MONTRÉAL, Aug. 09, 2023 (GLOBE NEWSWIRE) — Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) today announced its consolidated financial results for the second quarter of 2023. Amounts presented are in Canadian dollars, except where otherwise noted. Highlights – Second Quarter of 202324,645 GEOs1 earned, an increase of 11% over the second quarter of 2022 (Q2 2022 – 22,243); Revenues from royalties and streams of $60.5 million (Q2 2022 – $51.5 million); Cash flows generated by operating activities2 of $47.4 million (Q2 2022 – $35.0 million); Cash margin3 of $56.2 million or 93% (Q2 2022 – $47.8 million or 93%); Net earnings2 of $18.0 million, $0.10 per basic share (Q2 2022 – $18.1 million, $0.10 per basic share); Adjusted...

Raising Full Fiscal Year 2023 Guidance on Strong Quarterly Execution Secured US Battery Cells to Support Domestic Content Requirements Under Inflation Reduction Act      ARLINGTON, Va., Aug. 09, 2023 (GLOBE NEWSWIRE) — Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a leading global pure-play provider of energy storage products and services as well as digital applications for renewables and storage, today announced its results for the three months ended June 30, 2023. Financial Highlights for Third Fiscal Quarter of 2023Quarterly revenue of approximately $536.4 million which represents an increase of 124% year-over-year. GAAP gross profit margin improved to approximately 4.1%, compared to approximately negative 2.2% for the same quarter last year. Adjusted gross profit margin1 improved to approximately 4.4%,...

CALGARY, Alberta, Aug. 09, 2023 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today reported its financial and operational results for the three and six months ended June 30, 2023. All amounts are presented in Canadian dollars unless otherwise stated. “Enerflex’s solid second-quarter 2023 operational results underscore the sustainability of our three core business lines being executed on a global scale. The two business lines that comprise our recurring revenues, Energy Infrastructure and After-market Services, both expanded their margins compared to the first quarter of 2023. Our Engineered Systems business line booked an additional $322 million in new orders in the quarter, including several energy transition-related initiatives, resulting in a backlog...

LAVAL, Quebec, Aug. 09, 2023 (GLOBE NEWSWIRE) — Savaria Corporation (“Savaria”) (TSX: SIS), a global leader in the accessibility industry, is pleased to announce its results for the second quarter of fiscal 2023. Highlights – Q2 2023 compared to Q2 2022Revenue was $198.4M, compared to $192.1M in 2022, an increase of 3.3%, due to organic growth of 3.4% coming from both segments and a positive foreign exchange impact of 3.8%, partially offset by the divestiture of the Norway operations.Worldwide Accessibility organic growth stood at 2.8% while the growth in North America reached 12.1%; Patient Care organic growth stood at 5.3%;Gross profit was $67.1M, up $1.5M or 2.3%, representing 33.8% of revenue compared to 34.1% in Q2 2022. Operating income was $16.2M, down $1.5M or 8.5%, representing 8.2% of revenue compared to 9.2% in...

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Aug. 09, 2023 (GLOBE NEWSWIRE) — Helios Fairfax Partners Corporation (TSX: HFPC.U) today announced its financial results for the six months ended June 30, 2023. All dollar amounts in this news release are expressed in U.S. dollars except as otherwise noted. The financial results are derived from the interim consolidated financial statements prepared using the recognition and measurement requirements of International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS”), except as otherwise noted. Management Commentary “In Q2 we advanced our strategy of seeding investments by making notable investments in two new strategies, Helios Seven Rivers Fund and Helios Sports & Entertainment...

TORONTO, Aug. 09, 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 second quarter ended June 30, 2023 and declared a quarterly cash dividend of $0.05 per share. SECOND-QUARTER HIGHLIGHTSTotal sales of $1,361.1 million, up 22.2% year-over-year and a new quarterly record for the Company. Diluted net earnings per share of $0.62. Operating Income Margin of 6.1%. Adjusted EBITDA(1) of $160.6 million, a new quarterly record for the Company. Second quarter financial results were much improved compared to the second quarter of 2022, as semiconductor and other supply shortages had a...