Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Interfor Corp. (IFP-T) reported sales of $675.9-million for the fourth quarter compared to $662.3-million a year ago. The expectation was for revenue of $734.9-million, according to S&P Capital IQ.
Net earnings of $69.7-million or $1.15 per share compared to $149.1-million or $2.24 per share.
Adjusted net earnings were $78.2-million or $1.29 per share compared to $164.7-million or $2.47 a year ago. Analysts were expecting adjusted earnings of $1.25 per share.
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Altus Group Limited (AIF-T) announced plans for the transition of its leadership team, including the promotion of Jim Hannon as its next CEO, succeeding Mike Gordon who will remain on the board.
The company also announced preliminary unaudited fourth-quarter financial results, including revenue of $162.9-million versus $139.5-million a year ago. Analysts were expecting revenue of $161.7-million.
It also said profit is expected to come in at $6.9-million or 15 cents per share versus $4.6-million or 11 cents per share.
Adjusted earnings came in at 42 cents versus 44 cents a year ago. Analysts are expecting adjusted earnings of 35 cents.
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Rivalry Corp. (RVLY-X) announced that it has become one of the first fully registered operators of internet gaming and sports betting in Ontario after the Alcohol and Gaming Commission of Ontario said the company’s registration has been approved.
“We are very pleased to be one of the first companies to be registered as an internet gaming operator in Ontario,” said Steven Salz, CEO of Rivalry.
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Trevali Mining Corp. (TV-T) announced that its Perkoa Mine, located about 120 kilometres west of Burkina Faso’s capital city of Ouagadougou, continues to operate unaffected by the ongoing political situation. “Supply chains have not been affected to date and our workforce remains safe,” the company stated.
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NFI Group Inc. (NFI-T) announced that its subsidiary New Flyer of America Inc. has received a firm order from the New Jersey Transit Corporation for eight of its Xcelsior Charge Ng 40-foot heavy-duty transit buses with options to purchase up to 75 more battery-electric buses under a five-year contract.
“With nearly 2,300 transit buses and motor coaches delivered since 2001, NJ Transit has relied on NFI’s advanced technology for decades. Today, we are powering its transition to clean, battery-electric mobility,” said Chris Stoddart, president, Nor
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