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Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.

AutoCanada Inc. (ACQ-T) says same-store revenue was up 4.6 per cent to $562.1-million in the first quarter compared to a year earlier. Total revenue of $620.5-million was down 2.9 per cent compared with the first quarter of 2017. Net earnings attributable to AutoCanada shareholders came in at $4.8-million or 18 cents per share versus $3.7-million or 13 cents per share a year ago. Analysts were expecting revenue of $653.4-million and earnings of 26 cents per share.

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Enerflex Ltd (EFX-T) reported revenue of $385.8-million in the first quarter up from $354.8-million a year earlier. Analysts were expecting revenue of $374.7-million. Net earnings were $10.9-million or 12 cents per share versus $25.5-million or 28 cents a year earlier.

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Painted Pony Energy Ltd. (PONY-T) reported record adjusted funds flow from operations and record production volumes in the first quarter and lowered its production guidance for 2018. It said adjusted FFO was $46.4-million or 29 cents per share in the first quarter compared to adjusted FFO of $24.8-million or 25 cents a year ago.

In its outlook, the company cited a “commitment to deliver a 2018 capital program that approximates internally generated cash flow and the ongoing weakness of natural gas prices in western Canada,” as it lowered its capital expenditures to between $145 and $165 million from previous 2018 expected capital spending of $185 million. As a result, it anticipates annual average daily production guidance for 2018 of between 348 MMcfe/d (58,000 boe/d) and 360 MMcfe/d (60,000 boe/d) from 366 Mcfe/d (61,000 boe/d) to 378 MMcfe/d (63,000 boe/d).

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Atlantic Power Corp. (ATP-T; AT-N) reported net income attributable to the company of US$15.9-million in the first quarter versus a loss of US$2.7-million in the year-ago period, as discussed above. Project revenue came in at US$80-million down from US$98.4-million a year ago. Project income increased $3-million to $28.3-million.

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Information Services Corp. (ISV-T) reported revenue of $26.9-million in the first quarter compared to $21.5-million a year earlier. Net income of $2.6-million or 15 cents per share compared to $2.4-million or 14 cents a year earlier. Analysts were expecting revenue to be $29.3-million and earnings of 21 cents.

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Bonavista Energy Corp. (BNP-T) reported a loss of $2-million or a penny per share in the first quarter, which was in line with expectations and compared to a profit of $88.4-million or 35 cents a year ago. Adjusted net income was $1.2-million versus $9.9-million a year earlier. Production revenues came in at $138.4-million down from $143.2-million in the year-ago period. Adjusted funds flow from operations was $69.1-million of 27 cents per share versus $70.9-million or 28 cents last year.

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Baytex Energy Corp. (BTE-T; BTE-N) reported sales of $286.1-million in the first quarter compared to $260.5-milion a year earlier. Analysts were expecting revenue of $269.1-million Its net loss was $62.7-million or 27 cents per share versus income of $11.1-million or 5 cents a year earlier. Adjusted funds flow of $84-million or 36 cents per share compared to $81-million or 35 cents a year ago.

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ZCL Composites Inc. (ZCL-T) reported revenue of $31.9 million in the first quarter, up from $31.7-million a year ago. Net income of $500,000 or 2 per share compared to $900,000 or 3 cents last year.

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Altus Group Limited (AIF-T) says first-quarter consolidated revenues increased 14 per cent to $124.7-million. Its loss was $2.3-million or 6 cents compared to a profit of $600,000 or a penny per share during the same period in 2017. Adjusted EPS was 23 cents in the first quarter, compared to 22 cents in the first quarter of 2017. Analysts were expecting revenue of $123.2-million and adjusted earnings of 23 cents.

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Echelon Financial Holdings Inc. (EFH-T) reported net income attributable to shareholders on continued operations of $5.8-million or 48 cents per diluted share in the first quarter. That compared to $7.6-million or 62 cents a year earlier.

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Enercare Inc. (ECI-T) reported revenue for the first quarter of $279.1-million, an increase of 12 per cent compared to the same period in 2017. Net earnings were $4.9-million or 5 cents per share compared to a loss of $3-million or 3 cents a year earlier. Analysts were expecting revenue of $269.4-million and earnings of 7 cents.

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Advantage Oil & Gas Ltd. (AAV-N; AAV-T) reported net income of $10.1-million or 5 cents per share during the first quarter down from $42.2-million or 23 cents a year earlier. Sales were $73.4-million versus $73-million a year earlier. Funds from operations came in at $48.9-million or 26 cents per share versus $53.8-million or 29 cents a year earlier.

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Magellan Aerospace Corp. (MAL-T) reported revenue of $244.6-million in the first quarter as compared to $248.2-million in the first quarter of 2017. Net income was $40.4-million or 30 cents per share compared to net income of $39.6-million or 68 cents for the first quarter of 2017. Analysts were expecting revenue of $255.7-million and earnings of 43 cents in the most recent quarter.

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Interfor Corp (IFP-T) recorded net earnings of $33-million or 47 cents per share in the first quarter compared to $19.7-million or 28 cents per share a year earlier. Adjusted net earnings came in at 52 cents per share compared to 32 cents per share a year earlier. Total sales were $527.6-million versus $456.8-million a year ago. Analysts were expecting revenue of $511.1-mllion and adjusted earnings of 56 cents.

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Sierra Wireless, Inc. (SWIR-Q; SW-T) reported first-quarter revenue of US$186.9-million, an increase of 15.9 per cent compared to US$161.2 million in the first quarter of 2017. Its net loss was US$8.4 million or 23 cents per share compared to a net loss of US$92,000 or nil per share. Analysts were expecting revenue of $185.1-million and a loss of 20 cents.

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Westshore Terminals Investment Corp. (WTE-T) reported revenue of $83.9-million up from $66.6-million a year earlier. Profit was $23.4-million or 33 cents per share versus $13.8-million or 19 cents a year earlier. The expectation was for revenue of $79.7-million and earnings of 28 cents.

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Chorus Aviation Inc. (CHR-T) reported revenue of $347.6-million in the first quarter compared to revenue of $319.8-million a year ago. Net income of $5.1-million compared to $27-million a year ago. Adjusted net income was $26.5-million versus $16.1-million a year ago. Analysts were expecting revenue of $346.1-million and adjusted net income of $25.1-million.

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Dorel Industries Inc. (DII.B-T; DII.A-T) reported revenue of US$642.3 -million in the first quarter compared to US$646.7-million for the same period a year ago. Net income was US$4.7-million 14 cents per share compared to US$8.8-million or 27 cents per diluted share last year. Adjusted net income was US$5.5-million or 17 cents compared to US$22.7-million or 69 cents for the first quarter of 2017. Removing the impact of Toys“R”Us, the company said adjusted net income was US$15-million or 46 cents per share compared to US$22.7-million or 69 cents per diluted share for the first quarter of 2017. Analysts were expecting revenue of US$658.5-million and adjusted earnings of 62 cents.

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