Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
TransForce Inc. (TFI-T) is buying the North American truckload operation of XPO Logistics, Inc. (XPO-N) for $558-million (U.S.)
"The acquisition represents an important expansion of TransForce's truckload and logistics services across North America," the company said.
"This acquisition significantly strengthens TransForce's presence in the North American truckload landscape with prominent market positions in domestic US and cross-border Mexico freight," stated CEO Alain Bédard. "We believe we are investing into the truckload space at a critical time and are well-positioned to benefit from future growth opportunities."
It said the acquisition is partially financed with TransForce's existing revolving credit facility and a new $500-million acquisition facility which was fully underwritten by National Bank of Canada and Royal Bank of Canada.
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Superior Plus Corp. (SPB-T) reported third-quarter revenue of $429-million, versus $472.2-million a year earlier. Analysts were expecting revenue of $430.5-million.
Net profit was $52.8-million or 36 cents per share as compared to a loss of $48.3-million or 38 cents a year ago.
Superior also introduced its 2017 financial outlook of adjusted operating cash flow per share of $1.45 to $1.75, a 7-per-cent increase compared to the 2016 financial outlook, "based on the midpoint of the respective financial outlooks."
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Nevsun Resources Ltd. (NSU-T; NSU-N) reported third-quarter revenue of $22.9-million (U.S.), down from $70-million a year ago.
Operating income was $17.5-million, up from $5.7-million a year ago.
Net income attributable to shareholders was $1.7-million or a penny per share, versus $1.4-million or a penny per share a year ago.
Analysts were expecting revenue of $22.5-million and earnings of a penny per share.
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Akita Drilling Ltd. (AKT.A-T; AKT.B-T) reported a third-quarter net loss of $4.7-million or 26 cents per share compared to a net loss of $7.6-million or 42 cents per share a year earlier.
Revenue was $6.6-million, down from $22-million a year ago.
It said the third quarter of 2015 included an asset impairment expense of $8.2-million.
Funds flow from operations for the quarter was $2.2-million compared to $8.2-million in the corresponding quarter in 2015.
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Slate Retail REIT (SRT.UN-T) is buying North Hixson Marketplace, an 80-per-cent occupied Food City-anchored centre, in the Chattanooga, Tenn., area for $5.25-million (U.S.)
Closing is expected to be completed in the fourth quarter.
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Taseko Mines Ltd. (TKO-T, TGB-N) reported a net loss of $15.6-million or 7 cents per share in the third quarter, as compared to a net loss of $19.4-million or 9 cents per share in the second quarter of 2016.
Analysts were expecting a loss of 5 cents per share in the most recent quarter.
Revenue was just under $56-million, down from $80.1-million a year ago.
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Aurora Cannabis Inc. (ACB-X) reported fourth-quarter net loss of $7.5-million or 5 cents per share compared to a loss of $1.7-million or 2 cents a year earlier.
It said the larger loss was attributable to a "decrease in unrealized gain on changes in fair value of biological assets and increased expenditures due to increased corporate activities related to the acquisition of CanvasRx and various financings."
Its revenues were $1.2-million in the quarter, compared to nil a year ago.
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Richards Packaging Income Fund (RPI.UN-T) reported third-quarter revenue of $71.8-million, up from $64.2-million a year earlier.
Net income was $4.1-million or 34 cents per share as compared to $4.8-million or 38 cents a year ago.
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Enghouse Systems Ltd. (ESL-T) has acquired Barcelona-based software company Presence Technology, S.L. for $17.4-million
Presence's annual revenue is approximately $13.2-million, Enghouse said.
"The acquisition furthers our goal to build our global business with expansion into Spain, South Africa, Colombia, Mexico and Brazil," stated CEO Steve Sadler.
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Epsilon Energy Ltd. (EPS-T) reported third-quarter revenues of $5.9-million (U.S.) compared to $5.4-million for the three months ended Sept. 30, 2015.
Its net loss was $655,535 or a penny per share versus a loss of $7.6-million or 16 cents a year ago.