Day: March 14, 2024

CALGARY, Alberta, March 14, 2024 (GLOBE NEWSWIRE) — Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the release of financial and operating results for the fourth quarter and year ended December 31, 2023. The audited consolidated financial statements, accompanying notes and Management’s Discussion and Analysis (“MD&A”) will be available on SEDAR+ and on MAXIM’s website on March 14, 2024. All figures reported herein are Canadian dollars unless otherwise stated. FINANCIAL HIGHLIGHTS  Three Months EndedDecember 31, Twelve Months EndedDecember 31,($ in thousands except per share amounts) 2023 2022   2023 2022Revenue 38,990 –   41,458 141,263Net income (loss) 19,477 (7,156 ) 28,295 42,277Earnings (loss) per share – basic 0.39 (0.14 ) 0.56 0.84Earnings...

NOT FOR DISTRIBUTION IN THE UNITED STATES.  FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. CALGARY, Alberta, March 14, 2024 (GLOBE NEWSWIRE) — Alaris Equity Partners Income Trust (together, as applicable, with its subsidiaries, “Alaris” or the “Trust“) is pleased to announce its results for the three months and year ended December 31, 2023. The results are prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. All amounts below are in Canadian dollars unless otherwise noted. Highlights:For the year ended December 31, 2023, the Trust had a net unrealized gain on investments at fair value of $65.2 million, of which $58.2 million relates to Alaris’ common equity investments. During the year, Alaris’ common equity...

Achieved significant milestones in 2023 including a record year for asset management revenue, completion of Ability’s $250 million reinsurance agreement resulting in total investments in excess of $1 billion, and the closing of the Ovation transaction during July 2023 Increased Ability’s total assets managed by Mount Logan to $537 million, up 59% versus 2022 while achieving a 9.2% yield on the insurance investment portfolio for fiscal 2023 Declared quarterly distribution of C$0.02 per common share in the first quarter of 2024, the eighteenth consecutive quarter of a shareholder distribution TORONTO, March 14, 2024 (GLOBE NEWSWIRE) — Mount Logan Capital Inc. (NEO: MLC) (the “Company” or “Mount Logan”) announced today its financial results for the fourth quarter and fiscal year ended December 31, 2023. All amounts are stated in United...

VANCOUVER, British Columbia, March 14, 2024 (GLOBE NEWSWIRE) — Tree Island Steel (”Tree Island” or the ”Company”) (TSX: TSL) announced today its financial results for the year ended December 31, 2023. For the three-month period ended December 31, 2023, revenues, net of freight and distribution, decreased by $19.8 million to $47.3 million, from $67.1 million in the same period in 2022. The reduction was the result of declines in steel prices in the year influencing market prices for our products, current market headwinds and lower shipped volume from the previously announced closure of our Etiwanda facility. Gross profit for the fourth quarter decreased to $3.4 million, from $8.3 million in the same period in 2022, for the same reasons. Adjusted EBITDA amounted to $0.9 million, compared to $5.7 million during...

Net Income $8.4 million, EPS $0.36 for the Quarter Full Year Net Income $26.3 million, an increase of 133%, EPS $1.15 Full Year Operating Cash Flows $70.5 million, an increase of $79.4 million Debt decreased $65.8 million year-to-date, $15.1 million for the Quarter WOOD DALE, Ill., March 14, 2024 (GLOBE NEWSWIRE) — Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced fourth quarter and full year 2023 financial results. Fourth Quarter 2023 Results Sales for the fourth quarter of 2023 were $104.8 million, a decrease of $32.3 million, or 24%, compared to the fourth quarter of 2022, as a result of lower sales of $29.5 million and $16.8 million within the industrial and transportation end markets,...