Day: November 1, 2023

TORONTO, Nov. 01, 2023 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) announced today its financial results for the three and nine months ended September 30, 2023 (“Q3 2023”). Q3 2023 Highlights1Q3 2023 results were highlighted by continued strong interest income. Quarterly net investment income was $30.3 million up from $30.0 million Q3 2022.   Net income and comprehensive income of $16.5 million, up from $13.5 million in the same period last year. Basic and diluted earnings per share for Q3 2023 were $0.20 and $0.19 (Q3 2022 – $0.16 and $0.16).  Delivered distributable income and adjusted distributable income of $16.8 million, or $0.20 per share (Q3 2022 – $16.8 million, $0.20 per share) representing a payout ratio of 85.6% on both distributable income and adjusted distributable income.  Declared $14.4 million,...

The financial and operational information contained in this press release is based on unaudited consolidated condensed interim financial statements presented in U.S. dollars and prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Free Cash Flow, Net cash / debt and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, Nov. 01, 2023 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) today announced its results for the quarter ended September 30, 2023 in comparison with its results for the quarter ended September 30, 2022. Summary...

LAVAL, Québec, Nov. 01, 2023 (GLOBE NEWSWIRE) — Savaria Corporation (“Savaria”) (TSX: SIS), a global leader in the accessibility industry, is pleased to announce its results for the third quarter of fiscal 2023. Highlights – Q3 2023 compared to Q3 2022Revenue was $210.1M, compared to $201.4M in 2022, an increase of 4.3% due to organic growth of 4.1% and a positive foreign exchange impact of 4.7%, partially offset by the divestiture of the Norway operations.Accessibility organic growth stood at 5.1%, including 9.0% growth coming from North America. Patient Care organic growth was relatively flat.Gross profit was $72.6M, up $8.5M or 13.3%, representing 34.5% of revenue compared to 31.8% in Q3 2022. Operating income was $20.6M, up $3.1M or 17.6%, representing 9.8% of revenue compared to 8.7% in Q3 2022. Adjusted EBITDA* was...

Investors, analysts and other interested parties may access Acadian Timber Corp.’s 2023 Third Quarter Results conference call and webcast on Thursday, November 2, 2023 at 1:00PM ET. Please register here or follow the link on our website at www.acadiantimber.com/presentations_and_webcasts, to receive your unique PIN. For those unable to participate, a recorded rebroadcast will be available until 4:00PM ET November 2, 2024.EDMUNDSTON, New Brunswick, Nov. 01, 2023 (GLOBE NEWSWIRE) — Acadian Timber Corp. (“Acadian” or the “Company”) (TSX:ADN) today reported financial and operating results1 for the three months ended September 30, 2023 (the “third quarter”). “Continued stable regional demand and pricing for Acadian’s key products generated solid results for the third quarter,” commented Adam Sheparski, President and Chief Executive...

ACHESON, Alberta, Nov. 01, 2023 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG”) today announced results for the third quarter ended September 30, 2023. Unless otherwise indicated, financial figures are expressed in Canadian dollars, and comparisons are to the prior period ended September 30, 2022. Third Quarter 2023 Highlights:Reported revenue of $194.7 million, compared to $191.4 million in the same period last year, was generated primarily by the heavy equipment fleet in the oil sands region. Equipment utilization of 56%, compared to 62% in Q3 2022, was impacted by changes in work scope and the time required to move heavy equipment into the Fort Hills mine ahead of the winter season. When comparing to Q3 2022, revenue included full quarter impacts of updated equipment rates and the acquisition...