Day: November 2, 2023

Black Diamond Reports Strong Third Quarter 2023 Results and Increases Dividend

Written by Customer Service on November 2, 2023. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, Nov. 02, 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 and nine months ended September 30, 2023 (the “Quarter”) compared with the three and nine months ended September 30, 2022 (the “Comparative Quarter”). All financial figures are expressed in Canadian dollars. Key Highlights from the Third Quarter of 2023Consolidated rental revenue of $39.5 million and Adjusted EBITDA1 of $36.6 million were up 25% and 41% from the Comparative Quarter, respectively. This represents the Company’s highest quarterly rental revenue and Adjusted EBITDA in a decade.The...

b1BANK Hires Gerrit van de Wetering to Launch Derivative Solutions Services

Written by Customer Service on November 2, 2023. Posted in Public Companies.

Gerrit van de WeteringGerrit van de Wetering, Managing Director of Derivative SolutionsBATON ROUGE, La., Nov. 02, 2023 (GLOBE NEWSWIRE) — Jerry Vascocu, Chief Administrative Officer for b1BANK, the banking subsidiary of Business First Bancshares, Inc. (Nasdaq: BFST), announced the hire of Gerrit van de Wetering as Managing Director of Derivative Solutions. van de Wetering is tasked with launching b1BANK’s derivatives products and services, which will provide clients with more flexibility managing interest rate risks. “Gerrit’s expertise in capital markets, specifically in fixed income and derivatives, will provide our clients with options that can help support their interest rate risk management,” said Vascocu. “Our new derivative product line will also be available to our network of commercial bank clients we serve through...

Badger Infrastructure Solutions Ltd. Announces the Retirement of Its Board Chair and Successor Appointment

Written by Customer Service on November 2, 2023. Posted in Public Companies.

CALGARY, Alberta, Nov. 02, 2023 (GLOBE NEWSWIRE) — Badger Infrastructure Solutions Ltd. (“Badger”, the “Company”, “we”, “our” or “us”) (TSX:BDGI) announces that Mr. Glen Roane, the Chair of the Board of Directors of the Company (the “Board”), will step down as Board Chair and will retire from the Board at the close of its next annual meeting of shareholders. Mr. Stephen Jones, Board Director, has been chosen by the Board to succeed Mr. Roane as Chair. The Board prepared for this transition as part of its normal course succession planning. Through this process, the Board has concluded that Mr. Jones is very well qualified to lead the Board and it looks forward to his future contributions. Mr. Roane will be transitioning the Board Chair responsibilities to Mr. Jones over the next several months. “Badger would like to sincerely thank...

Lumine Group Inc. Announces Results for the Three and Nine Months Ended September 30, 2023

Written by Customer Service on November 2, 2023. Posted in Earnings Releases And Operating Results.

TORONTO, Nov. 02, 2023 (GLOBE NEWSWIRE) — Lumine Group Inc. (“Lumine Group” or “the Company”) announces financial results for the three and nine months ended September 30, 2023. All amounts referred to in this press release are in US dollars 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 and nine months ended September 30, 2023, management’s discussion and analysis (“MD&A”) for the three and nine months ended September 30, 2023, the audited consolidated financial statements of Lumine Group (Holdings) Inc. (“Lumine Holdings”) for the year ended December 31, 2022, and the Company’s MD&A for the year ended December 31, 2022, all of which can be found on SEDAR+ at www.sedarplus.ca. Additional...

Silvercrest Asset Management Group Inc. Reports Q3 2023 Results

Written by Customer Service on November 2, 2023. Posted in Earnings Releases And Operating Results.

NEW YORK, Nov. 02, 2023 (GLOBE NEWSWIRE) — Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) (the “Company” or “Silvercrest”) today reported the results of its operations for the quarter ended September 30, 2023. Business Update Uncertain and more volatile markets had an outsized effect on assets under management (“AUM”) during the third quarter of 2023, with Silvercrest concluding the quarter with Total AUM of $31.2 billion and Discretionary AUM of $20.5 billion. Discretionary AUM, which primarily drives revenue, decreased by $1.0 billion from the second quarter. Discretionary AUM has increased by $1.1 billion or 5.7% year-over-year, since the third quarter of 2022. The firm’s Total AUM has increased by $3.8 billion or 13.9% year-over-year from $27.4 billion to $31.2 billion. Revenue increased 2.3% year-over-year for...

Melcor REIT announces third quarter 2023 results

Written by Customer Service on November 2, 2023. Posted in Earnings Releases And Operating Results.

EDMONTON, Alberta, Nov. 02, 2023 (GLOBE NEWSWIRE) — Melcor REIT (TSX: MR.UN) today announced results for the third quarter ended September 30, 2023. The third quarter Management Discussion & Analysis and Condensed Interim Financial Statements are available on our website (www.MelcorREIT.ca) under Financial Reports, or on SEDAR+ (www.sedarplus.ca) Andrew Melton, CEO of Melcor REIT commented: “We are pleased to report stable third quarter results despite challenging market conditions. Our property management group remains dedicated to our existing tenants and providing best-in-class service and our leasing teams efforts have helped to increase in-place occupancy to 89% and committed occupancy to 91%. Efforts to improve occupancy are expected to yield benefits in the quarters to come as tenants occupy space and start paying...

Algoma Steel Group Reports Fiscal Second Quarter 2024 Financial Results

Written by Customer Service on November 2, 2023. Posted in Earnings Releases And Operating Results.

Second Quarter In line with Previously Announced Expectations Positive Momentum on EAF Power Supply Reiterated Outlook on Transformative EAF Project with $455.7 Million Invested to Date SAULT STE. MARIE, Ontario, Nov. 02, 2023 (GLOBE NEWSWIRE) — (November 2, 2023) – Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal second quarter ended September 30, 2023. Unless otherwise specified, all amounts are in Canadian dollars. Business Highlights and Fiscal 2024 to Fiscal 2023 Second Quarter ComparisonsConsolidated revenue of $732.6 million, compared to $599.2 million in the prior-year quarter. Consolidated income from operations of $36.8 million, compared to $5.6 million in the prior-year...

Interfor Reports Q3’23 Results

Written by Customer Service on November 2, 2023. Posted in Earnings Releases And Operating Results.

Adjusted EBITDA of $32 million and Net Loss of $42 million BURNABY, British Columbia, Nov. 02, 2023 (GLOBE NEWSWIRE) — INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) recorded a Net loss in Q3’23 of $42.4 million, or $0.82 per share, compared to a Net loss of $14.1 million, or $0.27 per share in Q2’23 and Net earnings of $3.5 million, or $0.06 per share in Q3’22. Adjusted EBITDA was $31.9 million on sales of $828.1 million in Q3’23 versus $41.9 million on sales of $871.8 million in Q2’23 and $129.5 million on sales of $1.0 billion in Q3’22. Notable items in the quarter:Lumber Production Balanced with DemandLumber production totaled 1.0 billion board feet, representing a decrease of 26 million board feet quarter-over-quarter. The decrease was primarily due to the temporary closure of a sawmill in B.C. as a result...

Badger Infrastructure Solutions Ltd. Announces Strong 2023 Third Quarter Revenue and Adjusted EBITDA

Written by Customer Service on November 2, 2023. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, Nov. 02, 2023 (GLOBE NEWSWIRE) — Badger Infrastructure Solutions Ltd. (“Badger”, the “Company”, “we”, “our” or “us”) (TSX:BDGI) reported third quarter 2023 results today. All results are presented in U.S. dollars unless otherwise stated. 2023 Third Quarter Financial and Operational HighlightsThe Company achieved revenue of $195.6 million, up 20% from 2022. Gross profit of $62.8 million, up 40% from 2022. Gross profit margin improved to 32.1%, up from 27.4% in 2022. Adjusted EBITDA of $52.7 million, up 49% from 2022. Adjusted EBITDA margin also improved in the quarter to 26.9%, up from 21.6% in 2022. Earnings per share was $0.68, up 62% from $0.42 per share in 2022. Consolidated revenue per truck per month (“RPT”)(1) for the quarter was $49,079, up 5% from 2022. The board of directors has approved the quarterly...

TWC Enterprises Limited Announces Third Quarter 2023 Results and Eligible Dividend

Written by Customer Service on November 2, 2023. Posted in Dividend Reports And Estimates.

KING CITY, Ontario, Nov. 02, 2023 (GLOBE NEWSWIRE) — Consolidated Financial Highlights (unaudited)(in thousands of dollars except per shareamounts) Three months ended Nine months endedSeptember 30,2023 September 30,2022 September 30,2023 September 30,2022Net earnings 17,690 11,920 17,753 14,421Basic and diluted earnings per share 0.72 0.49 0.72 0.59Operating Data Three months ended Nine months ended September 30,2023 September 30,2022 September 30,2023 September 30,2022Canadian Full Privilege Golf Members 15,530 16,014Championship rounds – Canada 567,000 583,000 958,000 1,027,00018-hole equivalent championship golf courses – Canada 35.5 37.518-hole equivalent managed championship golf courses – Canada 2.0 2.0Championship rounds – U.S. 33,000 32,000 202,000 199,00018-hole equivalent...

Day: November 2, 2023

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