Aeroplan
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Yellow Pages Limited (Y-T) reported total revenues for the second quarter ended June 30 for $191.2-million, down 9 per cent "mainly due to lower print revenues."
Net earnings for the second quarter $800,000 or 3 cents per share compared to $11-million or 38 cents for same period last year.
Analysts were expecting revenue of $196.5-million and earnings of 12 cents.
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Alternative lender Callidus Capital Corp. (CBL-T) on Wednesday denied media reports that said the company is the subject of whistle-blower complaints with Canadian market regulators.
Callidus shares fell 21 per cent after The Wall Street Journal published an article that stated at least four individuals have filed statements with the Ontario Securities Commission alleging fraud at the firm and its private equity parent Catalyst Capital Group Inc. Callidus and Catalyst, both of which lend money to financially distressed companies, are accused by whistle-blowers of inflating the value of assets and deceiving borrowers on the terms of loans, according to The Journal.
In a statement Wednesday evening, Callidus said it "knows of no legitimate basis for any whistle-blower complaint," and called the story "completely false." The OSC has not made any allegation of wrongdoing against Callidus or Catalyst.
Ontario's whistle-blower program was launched in 2016 and allows any individual to submit information on alleged violation of securities law to market watchdogs. If the allegations are proven to be true, whistle-blowers can receive up to $5-million.
Callidus reports quarterly financial results late on Thursday. The company has a market capitalization of $600-million and did an initial public offering in 2014 at $14 a share.
-Andrew Willis
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Canada Goose Holdings Inc (GOOS-T; GOOS-N) reported a smaller-than-expected loss as it sold more merchandise across its sales platforms and the luxury apparel maker said it would open three more stores to cater to global demand.
U.S.-listed shares of the $900 parka maker were up 5.3 per cent at $19.95 in premarket trading on Thursday.
The company's direct-to-consumer sales, which includes sales from its flagship stores and online platform, surged more than sixfold to $8.3-million while sales from the wholesale business increased 38.2 per cent to $19.9-million in the first quarter ended June 30.
Separately, Canada Goose said it would open flagship stores in Boston, Calgary and Tokyo, and is on track to open stores in London and Chicago as planned, later this year.
Total comprehensive loss for the company narrowed to $12-million, or 11 cents per share, from $14-million, or 14 cents per share, a year earlier.
Excluding one-off items, the Toronto-based company posted a loss of 13 cents per share, while analysts on average were expecting a loss of 19 cents, as per Thomson Reuters I/B/E/S.
Revenue surged 79.7 per cent to $28.2-million.
-Reuters
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Painted Pony Energy Ltd. (PONY-T) reported funds flow from operations of $18-million of 13 cents per share for the second quarter of 2017.
Net income was $13.8-million or 10 cents per share compared to a net loss of $33.6-million or 34 cents a year ago.
Revenue was $66.4-million up from $11.9-million a year earlier.
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K-Bro Linen Inc. (KBL-T) reported revenues of $40.5-million in the second quarter up from $39.5-million a year earlier.
Net earnings were $2.3-million or 26 cents per share compared to $3.4-million or 42 cents a year ago.
Analysts were expecting revenue of $41.5-million and earnings of 29 cents.
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Aimia Inc. (AIM-T) reported second quarter revenue of $470.5-million down 10 per cent from $525.4-million a year earlier.
Its net loss was $25.1-million or 19 cents versus income of $7.2-million or 2 cents a year earlier.
"We saw solid operating results in the second quarter, driven by our coalitions businesses," said CEO David Johnston."Nonetheless, as we work on securing long-term strategic and commercial partnerships, we will not take our eye off the substantive work underway to reduce our cost base and maximize our financial flexibility through this period, for the benefit of our members, partners, our employees and our shareholders."
The company recently suspended its dividend as part of cost cutting in the aftermath of Air Canada's recent decision to cut ties with the Aeroplan program in 2020.
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AGT Food and Ingredients Inc. (AGT-T) reported adjusted earnings per share of 10 cents in the second quarter down from 56 cents a year earlier.
Revenues were $466.2-million versus $438.7-million a year ago. Analysts were expecting revenue of $431.2-million.
Its net loss was $469,000 or a penny per share versus a loss of $13.5-million or 9 cents a year ago.
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Cascades Inc. (CAS-T) reported sales of $1.1-million in the second quarter compared to $998-million a year earlier.
Net earnings came in at $328-million or $3.41 per share compared to net earnings of $36-million or 38 cents a year earlier.
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Chorus Aviation Inc. (CHR-T) reported net income of $40.8-million for the second quarter, an increase of $17.2-million from the second quarter of 2016. Analysts were expecting net income of $20.6-million.
Operating revenue was $333.4-million, which beat expectations of $329.7-million and was up from $310.1-million a year ago.
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Extendicare Inc. (EXE-T) reported revenue of $273.8-million in the second quarter, up 4.8 per cent from a year earlier, "resulting from higher home health care volumes, long-term care funding enhancements, and expansion of retirement operations." Analysts were expecting revenue of $280.7 million.
Earnings from continuing operations came in at $9.9-million or 11 cents per share, in line with a year earlier.
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Superior Plus Corp. (SPB-T) reported revenue of $474.9- million in the second quarter versus $448.1-million a year earlier.
Its net loss was $1.6-million or a penny per share versus a loss of $15.7-million or 11 cents a year earlier.
Analysts were expecting a loss of 4 cents and revenue of $457.1-million.
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GDI Integrated Facility Services Inc. (GDI-T) reported revenue of $237.6-million in the second quarter, an increase of $19-million compared to the second quarter of 2016. "The increase in revenue resulted primarily through acquisitions," the company said.
Net income reached $3-million or 14 cents per share, compared to $2.5-million or 12 per share for the second quarter of 2016
Analysts were expecting earnings of 20 cents and revenue of $247.6-million.
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Avigilon Corp. (AVO-T) reported revenue of $99.4-million (U.S.) in the second quarter, compared with $85.7-million a year earlier.
Net income was $6.7-million or 15 cents compared with net loss of $2-million or 5 cents a year ago.
"In Q2, we significantly increased profit, achieved strong revenue growth, and continued to outpace the industry," said CEO Alexander Fernandes. "We successfully executed our strategy, led the industry with innovative new technology and solutions, and gained market share."
Analysts were expecting earnings of 14 cents.
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Morguard Corp. (MRC-T) reported revenue of $275.7-million for the second quarter compared $227.7-million for the same period in 2016.
Net income was $179.6-million compared to net income of $93.2 million in 2016.
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Solium Capital Inc. (SUM-T) reported revenue of $21.6-million (U.S.) in the second quarter up from $19.9-million a year earlier.
Net earnings were $1.7 million or 33 cents compared to a loss of $49,000 a year earlier.
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Bird Construction (BDT-T) reported net income of $2.5-million or 6 cents per share in the second quarter versus net income of $3.9-million or 9 cents a year earlier.
"The year-over-year decline in the amount of second quarter net income reflects a minor improvement in comparative gross profit percentage on lower quarterly construction revenues," the company said.
Revenues were $345.9-million compared to $413.2-million for the same period in 2016.
Analysts were expecting revenue of $353.3-million and earnings of 7 cents.
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Pollard Banknote Limited (PBL-T) reported second-quarter sales of $77.9-million up from $54-million a year earlier.
Net income was $6-million compared to $2-million a year earlier.
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Centric Health Corp. (CHH-T) reported revenue of $42.8-million in the second quarter versus $42.9-million a year earlier. Analysts were expecting revenue of $49.5-million.
Net income was $3.1-million of 2 cents per share versus a loss of $11.4-million or 7 cents a year earlier.
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Carmanah Technologies Corp. (CMH-T) reported revenues of $12.1-million (U.S.) in the second quarter, down approximately 12 per cent from $13.9-million a year earlier. Analysts were expecting revenue of $15.2-million.
Net income was $500,000 versus net income of $900,000 a year ago.
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Liquor Stores N.A. Ltd. (LIQ-T) reported sales of $208.1-million in the second quarter, down slightly from $209.3-million a year ago. Analysts were expecting revenue of $205.6-million.
Its net loss was $1.3-million or 7 cents versus expectations of 17 cents and earnings of $4.7-million or 15 cents a year earlier.
"The results for the second quarter and first half of 2017 are disappointing. Shareholders should expect significant improvements going forward," said CEO Kenneth Barbet in a release "The new Board has directed me as incoming CEO to focus on cost and inventory reductions to be able to fund an accelerated renovation program for our core Alberta and B.C. markets and the implementation of a new ERP platform. I am confident that this new strategy will transform this business and create significant increases in long-term value for our shareholders."
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American Hotel Income Properties REIT LP (HOT.UN-T) said second quarter revenues increased by 56 per cent to $69.5-million (U.S.) Analysts were expecting revenue of $72.2-million.
Its net loss for the quarter was $5.5-million "as a result of a partial write-down in the value of an Oak Tree Inn located in Nebraska."
When excluding the write-down, AHIP would have generated net income of $1.9-million compared to net income of $3.5-million in the prior quarter.
Its net loss per unit was 6 cents compared to 10 cents in the prior year.
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Medical Facilities Corp. (DR-T) said second quarter revenues increased by 25 per cent to $96.1-million (U.S.), from $76.7 -illion a year earlier, "due to contributions from acquisitions and increases at existing facilities."
Earnings came in at 18 cents per share versus a loss of 18 cents a year ago. Analysts were expecting earnings of 9 cents.