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.
Aimia Inc. (AIM-T) reported revenue of $452.1-million in the third quarter compared to $503.6-milion a year earlier. Analysts were expecting revenue of $472.3-million in the third quarter of 2017.
Its net loss widened to $40.3-million or 26 cents per share compared with a loss of $1.5-million or 4 cents a year earlier. Adjusted earnings came in at 11 cents, below expectations of 32 cents.
The company also updated its 2017 guidance. It said gross billings for its core business will be between $2-billion and $2.1-billion, whereas it previously was stated to be "broadly stable at around $2.1-billion."
It said its adjusted EBITDA margin will be around 13 per cent versus "around 12 per cent" previously and free cash flow before dividends paid will be unchanged above $220-million.
"The guidance excludes the impact of future asset disposals, the onerous contract provision of $20.3-million, incremental interest expense and financing costs related to the early redemption of 2018 bonds of $10-million, and actions related to restructuring or as a consequence of any changes in major partner contracts," the company said.
Aimia also said discussions are underway to secure "long-term strategic and commercial partnerships" for Aeroplan and said the business "continued to perform in line with our expectations."
Aimia said in August that it sees a "huge sense of urgency" in finding new partnerships to strengthen its Aeroplan loyalty program after Air Canada announced in May that it would end its exclusive relationship.
Aeroplan Miles redeemed in the third quarter were up 4.7 per cent compared to a 4.2-per-cent increase in the same quarter last year, the company stated.
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Exchange Income Corp (EIF-T) reported revenue of $253.4-million in the third quarter, up 13 per cent compared to a year ago. Analysts were expecting revenue to be $251-million in the most recent quarter.
Net earnings were $23.9-million or 78 cents versus $20.6-million or 72 cents a year ago.
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Painted Pony Energy Ltd (PONY-T) reported funds flow from operations of $29.5-million or 18 cents per share during the third quarter, an increase of 134 per cent compared to the third quarter of 2016.
Analysts were expecting FFO per share of 24 cents.
The company reported net income was $14.6-million or 9 cents per share, an increase from $11.6-million or 12 cents last year.
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Pure Industrial REIT (AAR.UN-T) reported revenue of $55.1-million in the third quarter versus $46-million a year earlier.
Adjusted funds per unit were 8 cents, which was in line with expectations and compared to 9 cents a year ago.
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Cervus Equipment Corp. (CERV-T) reported third-quarter revenue of $367.6-million in the third quarter up from $334.7-million a year earlier.
Earnings per share came in at 57 cents per share versus 64 cents year earlier.
Analysts were expecting revenue of $358.1-million and earnings of 57 cents.
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Russel Metals (RUS-T) reported net income of $34-million or 55 cents per share in the third quarter. That compared to net income of $16-million or 26 cents per share for the same quarter in 2016
Revenue of $851-million was 33 per cent higher compared to $639-million in the third quarter of 2016.
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Pollard Banknote Ltd. (PBL-T) reported third-quarter sales of $70.7-million up from $62.7-million a year ago. Analysts were expecting sales of $69.2-million in the most recent quarter.
Net income was $4.6-million versus $2.8-million for the same quarter last year.
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GDI Integrated Facility Services Inc. (GDI-T) said third-quarter revenue came in at $241.2-million, an increase of 11 per cent compared to the third quarter of 2016, "primarily from acquisitions."
Its net income reached $3.7-million or 17 cents per share compared to $3.9-million or 18 cents per share for the third quarter of 2016.
Analysts were looking for revenue of $244.6-million and earnings of 20 cents.
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Total Energy Services Inc. (TOT-T) reported third-quarter revenue of $185.2-million up from $46.5-million a year earlier. The results include the financial results for Savanna Energy Services Corp. from April 5, 2017. Analysts were expecting revenue of $215.8-million.
Net income was $3.7-million or 9 cents per share versus a loss of $1.9-million or 6 cents a year earlier.
In its outlook, the company said it expects 2017 capital expenditures to be approximately $40-million, or about 10 per cent lower than previously stated.
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American Hotel Income Properties REIT LP (HOT.UN-T) reported revenue of $90.3-million (U.S.) in the third quarter, up from $44.5-million a year ago. Analysts were expecting revenue of $91.2-million.
Funds from operations rose to $19.3 million or 25 cents per unit, in line with expectations of 24 cents per unit and compared to $10-million or 24 cents per unit for the same quarter a year earlier.
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Superior Plus Corp. (SPB-T) reported third-quarter revenue of $465.5-million up from $429-million a year ago. Analysts were expecting revenue to come in at $442.6-million for the third-quarter of 2017.
Its net loss was $124.8-million or 87 cents per share compared to net profit of $52.9-million or 36 cents a year ago.
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Eldorado Gold Corp. (ELD-T;EGO-N) says it has initiated three lawsuits against Greece "to enforce and protect its legal rights," related to the government's failure to issue "routine installation permits, resulting in unjustifiable delays" to develop its Skouries facilities.
Meantime, the company said it will move the Skouries development project into care and maintenance. "The company will re-assess its investment in the Skouries project upon approval and receipt of the required permits, coupled with a supportive government open to discussions regarding the use and implementation of best available technologies," it stated.
"Although we have made good progress on the Olympias mine, we require the necessary permits and government support prior to investing further in Skouries," stated CEO George Burns. "As a consequence we are now taking the necessary legal action to enforce the company's rights while continuing efforts to resolve outstanding matters through ongoing dialogue."
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Cott Corp. (COT-N;BCB-T) said third-quarter revenue from continuing operations increased 22 per cent to $581-million (U.S.) compared to $477-million a year ago.
Net income came in at $2-million or a penny per share compared to a loss of $4-million or 3 cents for the same quarter last year.
Total company revenue including discontinued operations was $995-million, which was below expectations of $1-billion and compared to $885-million a year ago. Net income including discontinued operations was 30 cents per share compared to a loss of 2 cents a year ago.
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Uni-Select Inc. (UNS-T) reported consolidated sales for the third quarter of $395.8-million, a 24-per-cent increase compared to the same quarter last year.
Net earnings came in at $11.2-million or 26 cents per share, down from $17.3-million or 41 cents a year earlier. Adjusted earnings came in at 26 cents compared to expectations of 42 cents.
Analysts were expecting revenue of $372.1-million.
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Aurora Cannabis Inc. (ACB-T) reported first-quarter revenue of $8.3-million up from $3.1-million a year earlier and above expectations of $7.6-million.
Net income was $3.6-million or a penny per share as compared to a net loss of $5.6-million or 3 cents for the same quarter in the prior year.
"The increase was predominantly due to higher revenues, an unrealized gain on the change in fair value of biological assets, as well as an unrealized gain on the $2-million Radient Technologies debenture Aurora invested in as part of its strategic collaboration," the company stated.
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Student Transportation Inc. (STB-T;STB-Q) reported first-quarter revenue of $107.4-million (U.S.) up from $102.2 million.
Its net loss of $8-million or 8 cents per share compared to net loss of $11.7-million or 13 cents for the same quarter last year.
Analysts were expecting earnings of 7 cents and revenue of $188.3-million.
"The first quarter operating results for fiscal year 2018 were vastly improved versus last year and in line with our expectations. The strong start provides us a base to build on for the remainder of the year," stated CEO Denis Gallagher."
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Stingray Digital Group Inc. (RAY.A-T;RAY.B-T) reported second-quarter revenues of $30.6-million, up 25 per cent compared with revenues of $24.5-million a year ago. Analysts were expecting revenue of $28.8-million.
"The increase was primarily due to the acquisition of Yokee Music and Classica, combined with organic growth of subscription video on demand (SVOD) services in the United States, as well as additional music and equipment sales in Commercial Music," the company said.
Its net loss of $3.4 million or 7 cents per share compared to net income of $1.4-million or 3 cents per share for the same period last year. Adjusted net income per share was 10 cents, similar to the same quarter last year.
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Sprott Inc. (SII-T) reported third-quarter revenue of $54.5-million, up 52 per cent from the same period a year earlier.
Net income was $29.8-million or 13 cents per share, which it said was an increase of $17.3-million from last year.
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Knight Therapeutics Inc. (GUD-T) said third-quarter revenues were $1.9-million down 2 per cent from last year. Analysts were expecting revenue of $2.2-million.
Net income was $3.6-million or 3 cents per share, in line with expectations and versus $5.7-million or 4 cents last year.
"This past quarter our team was focused on advancing our product pipeline and evaluating opportunities to build our portfolio of innovative pharmaceuticals," said Jonathan Ross Goodman, CEO of Knight. "In the quarters ahead, we will look to capitalize on GUD opportunities for growth."
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Cascades Inc. (CAS-T) reported third-quarter sales of $1.1-billion, versus $1-billion for the same quarter the year before. Analysts were expecting revenue to be closer to $1.2-billion.
Net earnings were 35 cents per share compared 21 cents a year earlier. Adjusted earnings came in at 20 cents per share, below expectations of 29 cents per share.
"We delivered improvements in consolidated reported operating income year-over-year during the third quarter in what was a challenging environment, due to disruptions by the hurricanes and increasingly difficult market conditions in the tissue sector," stated CEO Mario Plourde. "We are confident that the plan we are implementing step by step, and which is focused on improved profitability through increasing integration, modernizing our manufacturing facilities and improving logistics by optimizing our geographic footprint, will provide our business segments with the platform to more successfully execute in times of increased business headwinds."
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