File photo of a Tembec lumber yard in Quebec.Jacques Boissinot/The Canadian Press
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Tembec Inc. (TMB-T) has announced earnings for its third quarter ended June 27. Consolidated sales were $365-million, as compared to $404-million in the same quarter a year ago. The company had a net loss of $16-million or 16 cents per share compared to net earnings of $30-million or 30 cents per share a year ago.
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Cott Corp. (BCB-T; COT-N) reported its results for the second quarter ended July 4. The company had revenues of $780-million (U.S.), up 42 per cent compared to $549-million in the same quarter last year as a result of the acquisition of DS Services. That's lower than the $793.88-million of revenues expected by analysts. Gross profit was $241-million compared to $79-million last year. The company has also acquired two home and office water delivery companies which will generate about $9-million in annual revenues. The acquisitions are expected to close in the third quarter of 2015.
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Uni-Select Inc. (UNS-T) has announced earnings for its second quarter ended June 30. The company had $408.3-million (U.S.) in sales, up 3.7 per cent. That's just shy of the $411.05-million in revenues analysts had expected. It has earnings per share of 58 cents, up 21 per cent over the same period last year. The company is now debt-free after a repayment of $277.5-million.
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Toronto-based Sierra Metals Inc. (SMT-T) announced the filing of Sociedad Minera Corona S.A.'s unaudited sinancial statements for the second quarter of 2015. The company holds an 81.8 per cent interest in Corona. Net income for the quarter ended June 30 was $7.2-million (U.S.) or 20 cents per share. Adjusted EBITDA was $13.3-million and operating cash flow was $2.7-million. Revenues totalled $28.3-million.
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Denison Mines Corp. (DML-T;DNN-A) announced that it has signed a definitive share purchase agreement with Uranium Industry a.s. of the Czech Republic, whereby Denison will sell its interest in the Gurvan Saihan joint venture to Uranium Industry for $20-million (U.S.). Following the terms, Denison will receive an initial payment of $250,000 on closing and a deferred payment of $19.75-million by Nov. 30.