Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Canfor Pulp Products Inc. (CFX-T) reported fourth-quarter sales of $247.5-million, down from $289.7-million a year earlier. Its net loss was $19.5-million or 30 cents per share versus a profit of $14.2-million of 21 cents a year earlier.
Analysts were expecting sales of $254.5-million and a loss of 26 cents.
Canfor Corp. (CFP-T) reported sales of $1.1-billion, which was in line with expectations and compared to $1-billion a year earlier. The company reported a loss of $39.1-million or 31 cents per share versus loss of $52.4-million or 42 cents.
Its adjusted net loss was $8.2-million or 6 cents per share versus an adjusted loss of $28-million or 23 cents a year earlier.
Net earnings were $91.2-million or 57 cents per share versus a loss of $218.2-million or $1.38 per share.
Its adjusted earnings were $20.3-million or 13 cents per share versus a loss of $18.9-million or 11 cents per share. Analysts were expected adjusted EPS of 14 cents.
Net earnings came in at $25.3-million or 74 cents per share versus $18.5-million or 59 cents a year ago. Adjusted EPS was 88 cents versus 79 cents a year earlier.
Analysts were expecting revenue of $360.2-million and adjusted EPS of 78 cents.
Altus Group Limited (AIF-T) reported revenue of $148.8-million in the fourth quarter, up 13.7 per cent from the year-ago period. Its profit was $272,000 or a penny per share versus a loss was $14.7-million or 38 cents per share a year earlier. Adjusted EPS was 43 cents versus 20 cents a year earlier.
Analysts were expecting revenue of $143.4-million and adjusted EPS of 36 cents.
Net income was $13.2-million or 33 cents per share versus $10-million or 25 cents a year earlier. Adjusted EPS was 36 cents versus 31 cents in the year-earlier period.
Analysts were expecting revenue of $101.6-million and adjusted EPS of 35 cents.
Chemtrade Logistics Income Fund (CHE.UN-T) reported a loss of $12.6-million in the fourth quarter, an improvement from a loss of $97.2-million in the year-ago period, which included a goodwill impairment of $90-million related to its water products business.
Revenue for the fourth quarter was $355.2-million, a decrease of $35.6-million from 2018, "primarily due to lower prices for caustic soda and hydrochloric acid in the Electrochemicals segment. These decreases more than offset higher selling prices for water products," the company stated.
Analysts were expecting revenue of $378.2-million.
Enerplus Corp. (ERF-T; ERF-N) reported a fourth-quarter net loss of $429.1-million, or $1.93 per share compared to net income of $249.3-million or $1.02 in the same period in 2018. Adjusted net income was $34.4-million or 15 cents per share down from $102.2-million a year earlier. Analysts were expecting adjusted EPS of 25 cents per share, according to S&P Capital IQ.
The company reported adjusted funds flow $178.9-milllion in the quarter, down from $214.3-million a year earlier.
The alternative mortgage lender says the profit amounted to 65 cents per share for the quarter ended Dec. 31 compared with a profit of 46 cents per share for the fourth quarter of 2018.
On an adjusted basis, Home Capital says it earned 72 cents per share in its latest quarter, up from an adjusted profit of 46 cents per share a year earlier.
Total provision for credit losses in the quarter amounted to $3.9 million compared with $3.9 million in the fourth quarter of 2018.
Mortgage originations in the final quarter of 2019 totalled $1.62 billion compared with $1.61 billion in the fourth quarter of 2018.
In its outlook, Home Capital says it expects the stable conditions that characterized the Canadian housing market for 2019 will persist through the beginning of 2020.
-The Canadian Press
Superior Plus Corp. (SPB-T) reported net earnings of $74.6-million or 43 cents per share in the fourth quarter, compared to a net loss of $48.3-million or 28 cents in the prior-year quarter “primarily due to the unrealized loss on derivative financial instruments in the fourth quarter of 2018 compared to a gain in 2019,” the company stated.
Revenue was $821-million down from $889.2-million in the year-ago period. Analysts were expecting revenue of $853.8-million and earnings of 40 cents per share.