Canadian issues that are moving on early news
Equitable Group Inc. said net income increased 40 per cent to $22.1-million from $15.7-million in the second quarter of 2011. Diluted EPS increased 43 per cent to $1.40 from $0.98. It announced a 17 per cent increase in its common share dividend “in recognition of its strong growth prospects and capital position.”
Atrium Innovations Inc., which rose 2 per cent Thursday, said second-quarter net earnings attributable to shareholders were $12.2-million (U.S.) compared to $14.4-million in 2011, while net EPS on a diluted basis were $0.36 per share, as compared to $0.44 per share for the same period in 2011. The adjusted diluted EPS were $0.38 in 2012 compared to diluted EPS of $0.44 in 2011.
AutoCanada Inc., which is trading near year highs, said second-quarter net earnings increased by $0.7-million or 11.7 per cent to $6.7-million. It declared a quarterly eligible dividend of $0.16 per common share on outstanding Class A common shares, payable on Sept. 17, 2012 to shareholders of record at the close of business on Aug. 31, 2012. The quarterly eligible dividend of $0.16 represents an annual dividend rate of $0.64 per share or a 6.3 per cent increase in the annual dividend rate from the prior quarter.
Pure Technologies Ltd. recorded second-quarter revenue of $9.7-million, negative EBITDA of $1.5-million and a loss of $2.0-million. This compares to revenue of $12.2-million, EBITDA of $1.3-million and a loss of $0.8-million in the comparable period last year. It said the results of the second quarter significantly reflect the timing of contract awards versus planning and execution.
Boyd Group Income Fund, which is trading near year highs, said second-quarter net earnings were $1.1-million, or $0.090 per unit (diluted), compared with a net loss of $2.4-million, or $0.221 per unit (diluted), in second quarter 2011. Adjusted net earnings increased to $3.2-million or 3.1 per cent of sales, for second quarter 2012 compared to adjusted net earnings of $2.7-million or 3.4 per cent of sales for the same period in 2011.
K-Bro Linen Inc. announced second-quarter net earnings of near $3-million compared to $2-million a year earlier. Diluted earnings per share was $0.42 per share versus $0.29, and distributable cash was $0.723 per diluted share for the quarter.Report Typo/Error
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