Month: August 2023

Savaria has a strong finish to the second quarter despite headwinds

Written by Customer Service on August 9, 2023. Posted in Earnings Releases And Operating Results.

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...

Helios Fairfax Partners Reports Second Quarter Financial Results

Written by Customer Service on August 9, 2023. Posted in Earnings Releases And Operating Results.

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...

Martinrea International Inc. Reports Record Quarterly Results and Declares Dividend

Written by Customer Service on August 9, 2023. Posted in Earnings Releases And Operating Results.

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...

First Watch Announces Acquisition of Six Franchise Restaurants in Georgia and South Carolina

Written by Customer Service on August 9, 2023. Posted in Mergers And Acquisitions.

BRADENTON, Fla., Aug. 09, 2023 (GLOBE NEWSWIRE) — First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept, announced that it has acquired, effective today, six of its previously franchise-owned restaurants, one restaurant under construction and corresponding development rights in Georgia and South Carolina. “We are excited to welcome our newest teams in Georgia and South Carolina to the First Watch company-owned system and we are thankful for a successful transition from our wonderful franchise partners who began operating their first restaurant in 2018,” said Chris Tomasso, First Watch CEO and President. “We continue to execute on our long-term growth strategy by acquiring 17 franchise restaurants so far this year. We look forward to serving new communities and empowering...

Northview Fund Announces Q2 2023 Financial Results, Including Strong Occupancy Gains and NOI Growth of 7.1 Percent

Written by Customer Service on August 9, 2023. Posted in Earnings Releases And Operating Results.

Not for distribution to U.S. newswire services or for dissemination in the United States. CALGARY, Alberta, Aug. 09, 2023 (GLOBE NEWSWIRE) — Northview Fund (“Northview” or the “Fund”) (NHF.UN – TSX), today announced financial results for the three and six months ended June 30, 2023. All amounts in this news release are in thousands of Canadian dollars unless otherwise indicated. “We are pleased to announce NOI growth of 7.1% in the second quarter results, which was driven by the multi-residential segment as well as the commercial and execusuite segment,” noted Mr. Todd Cook, Chief Executive Officer of Northview. “We also look forward to the expected completion of the Fund’s Recapitalization Event, which will lead our transformation into Northview Residential REIT. The acquisitions of the three high-quality property portfolios,...

Crew Energy Announces Q2 2023 Results Highlighted by A 42% Reduction in Net Debt Over Q1/23 and An Adjusted Funds Flow Margin of 89%

Written by Customer Service on August 9, 2023. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, Aug. 09, 2023 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX: CR; OTCQB: CWEGF) (“Crew” or the “Company”), a growth-oriented, liquids rich natural gas producer operating in the world-class Montney play in northeast British Columbia (“NE BC”), is pleased to announce our operating and financial results for the three and six month periods ended June 30, 2023. Crew’s Financial Statements and Notes, as well as Management’s Discussion and Analysis (“MD&A”) are available on our website and filed on SEDAR at www.sedar.com. HIGHLIGHTS30,046 boe per day1 (180 mmcfe per day) average production in Q2/23 was at the high end of Crew’s previous quarterly guidance of 28,000 to 30,000 boe per day as we realized continued strong performance from wells drilled and completed at the end of 2022 and early 2023, while first half 2023...

GINSMS Announces Financial Results for the Three and Six Months Ended June 30, 2023

Written by Customer Service on August 9, 2023. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, Aug. 09, 2023 (GLOBE NEWSWIRE) — GINSMS Inc. (TSXV: GOK) (the “Corporation”) has announced its financial results for the second quarter ended June 30, 2023. The complete financial results for GINSMS are available at www.sedar.com. Highlights include:Revenue of $840,372 for the three-month period ended June 30, 2023 as compared of $630,880 for the three-month period ended June 30, 2022. Gross Profit of $306,419 for the three-month period ended June 30, 2023 as compared to gross profit of $223,859 for the three-month period ended June 30, 2022. Operating expenses and finance costs of $211,157 for the three-month period ended June 30, 2023 decreased from $228,054 for the three-month period ended June 30, 2022. Net profit of $102,437 for three-month period ended June 30, 2023 as compared to a net loss of $15,149...

Stantec reports strong second quarter 2023 results, achieves record backlog and increases guidance for the full year

Written by Customer Service on August 9, 2023. Posted in Earnings Releases And Operating Results.

Q2 2023 HighlightsNet revenue of $1.3 billion, an increase of 14.5% over Q2 2022 Adjusted EBITDA margin1 of 17.5% (excluding LTIP revaluation) Adjusted diluted EPS1 of $0.99, up 19.3% over Q2 2022 Backlog of $6.6 billion, up 11.4% since December 31, 2022 Increased full year guidance for 2023 net revenue and adjusted diluted EPSEDMONTON, Alberta and NEW YORK, Aug. 09, 2023 (GLOBE NEWSWIRE) — Stantec (TSX, NYSE:STN), a global leader in sustainable design and engineering, today reported its results for the three and six month periods ended June 30, 2023. Stantec generated net revenue of $1.3 billion in the second quarter of 2023 on the strength of 11.2% organic growth1. For the sixth consecutive quarter, every regional and business operating unit delivered organic net revenue growth, with notable organic growth achieved in Water...

DLC Releases Q2-2023 Results; YTD Funded Volumes of $24.6 Billion

Written by Customer Service on August 9, 2023. Posted in Earnings Releases And Operating Results.

VANCOUVER, British Columbia, Aug. 09, 2023 (GLOBE NEWSWIRE) — Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) is pleased to report its financial results for the three months ended June 30, 2023 (“Q2-2023”) and six months ended June 30, 2023. For complete information, readers should refer to the interim financial statements and management discussion and analysis which are dated August 9, 2023 and available on SEDAR at www.sedar.com and on the Corporation’s website at www.dlcg.ca. All amounts are presented in Canadian dollars unless otherwise stated. DLCG includes the Corporation and its three main subsidiaries: MCC Mortgage Centres Canada Inc. (“MCC”), MA Mortgage Architects Inc. (“MA”), and Newton Connectivity Systems Inc. (“Newton”). Q2-2023 SummaryQ2-2023 funded volumes of $14.8 billion, representing...

Cibus Reports Second Quarter 2023 Financial Results and Provides Business Update

Written by Customer Service on August 9, 2023. Posted in Earnings Releases And Operating Results.

Two gene editing pioneers closed merger to create a leading agricultural gene editing company with an expanded portfolio of patents, patents pending, and exclusive licenses to core technologies for gene editing of plants. Important greenhouse data continues to show promising results for Cibus’ first disease resistance trait for Sclerotinia resistance. Begins commercialization process for its three developed traits with initial transfers to customers: pod shatter reduction in canola and HT1 and HT3 in rice. Opens first stand-alone high-throughput (gene editing) breeding facility for trait production to support the commercial launch of its first three developed traits across canola, winter oilseed rape, and rice, and the development of its advanced traits. The European Union proposes new regulation for new genomic techniques (NGTs) that...

Month: August 2023

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