Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Secure Energy Services Inc. (SES-T) reported first-quarter net income of $38-million or 12 cents per share compared to nil a year earlier, the company stated. The result was above expectations of 9 cents.
Revenue of $359-million was up from $132-million a year ago and ahead of expectations of $346.3-million.
Precision Drilling Corp. (PD-T) reported first-quarter revenue of $351-million, an increase of 49 per cent compared with the first quarter of 2021, “supported by U.S. and Canadian drilling activity growth.”
The result was ahead of expectations of $330.5-million.
Its net loss of $44-million or $3.25 per share compared with a net loss of $36 million or $2.70 per share in 2021.
The expectation was for revenue of US$101.9-million.
Its net loss was US$500,000 or a penny per share versus net income of US$11.1-million or 13 US cents a year earlier. Adjusted net income of US$1.3-million or 2 US cents compared to $13.1-million of 15 US cents a year ago.
Aecon Group Inc. (ARE-T) reported first-quarter revenue of $986-million, up 31 per cent compared to $754-million a year ago. The result was ahead of expectations of $787.6-million, according to S&P Capital IQ estimates.
Its net loss of $17.4-million or 29 cents per share was in line with expectations and compared to a net loss of $18.4-million or 31 cents per share a year ago.
Adjusted EBITDA of $57.7-million was a $3.4-million decrease over the prior year “and reflects unique operating and inflationary challenges in the quarter as well as the impact of COVID-19 wage subsidy being discontinued” in the fourth quarter, the company said.
Net income of $13.6-million or 48 cents per share compared to net income of $19.4-million or 68 cents a year ago.
Yangarra Resources Ltd. (YGR-T) reported first-quarter funds flow from operations of $39.8-million or 46 cents per basic share compared to $17.1-million or 20 cents a year earlier. Sales of $51.4-million compared to $28.5-million a year ago.
Net income of $22.7-million or 26 per basic share compared to $9.7-million or 11 cents per share.
Net income of $5.1-million or 13 cents per share compared to $11.7-million or 30 cents a year ago.
MedMen Enterprises Inc. (MMEN-CN) announced the appointment of Edward Record as CEO, effective immediately. Record succeeds interim CEO Michael Serruya, who will continue to serve as chairman of the board, the company stated.
Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.