Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Transat A.T. Inc. (TRZ-T) reported a loss of $49.6-million in its latest quarter compared with a loss of $3.2-million a year earlier as it was hurt by rising costs.
The travel company says the loss amounted to $1.32 per diluted share for the quarter ended Jan. 31 compared with a loss of nine cents per share a year ago when its results benefited from the sale of its Jonview subsidiary.
Revenue in what was the company's first quarter totalled $647.6-million, down from $648.4-million.
The company says it was hurt by a rise in operating costs due to the weakening of the loonie against the U.S. dollar, higher fuel prices and additional costs related to the transition and optimization of its fleet.
On an adjusted basis, Transat says it lost $36 million or 96 cents per share in its most recent quarter compared with an adjusted loss of $32.2 million or 87 cents per share a year earlier.
Analysts on average had expected a loss of 78 cents per share and revenue of 760.7 million, according to Thomson Reuters Eikon.
- The Canadian Press
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Dorel Industries Inc. (DII.B-T, DII.A-T) announced fourth-quarter revenue was US$683.5-million, up from US$677.1-million a year ago. Analysts were expecting revenue to come in at US$708.6-million.
Reported net loss for the quarter was US$443.9-million or US$13.68 per share compared to US$6.1 million or US$0.19 per share a year ago. Adjusted net income was US$10.3-million or US$0.31 per diluted share compared to US$17.3 million or US$0.53 per diluted share in the fourth quarter of 2017.
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HEXO Corp (HEXO-T; HEXO-N) reported total net revenue of $13.4-million up from $1.2-million a year ago and in line with expectations. “The main contributor is the addition of adult-use sales in which the company realized its first full quarter of legalization in Canada,” the company stated in a release. Its net loss was $4.3-million versus a loss of $8.9-million a year earlier and above expectations of a loss of $6.8-million.
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Extendicare Inc. (EXE-T) announced it will be exiting the B.C. market in 2020.
The company said it has received notice from Fraser Health and Vancouver Coastal Health that those authorities "will be bringing their home support services in-house, and as a result will not be renewing contracts with private sector home support agencies." This includes ParaMed Inc. the company’s home health care provider.
"As such, ParaMed will be exiting the B.C. market when its contracts with the Health Authorities expire in March 2020," the company stated.
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CRH Medical Corp. (CRH-T; CRHM-N) reported fourth-quarter revenue of US$32-million, which was in line with expectations and up from US$30.6-million a year ago. Net income was US$4.1-mllion versus US$11.2-million a year earlier.
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True North Commercial Real Estate Investment Trust (TNT.UN-T) reported fourth-quarter revenue of $25-million up from $16.4-million a year ago. Net income was $19.7-million up from $3.1-million a year ago. Funds from operations (FFO) came in at $8.6-million or 14 cents per unit versus $6.6-million or 15 cents per unit a year ago. Analysts were expecting FFO per unit to come in at 15 cents.
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Invesque Inc. (IVQ.U-T) reported fourth-quarter revenue of US$30-milion up from US$16.9-million a year ago. Its loss was US$33.8-million versus income of US$2-million a year earlier. Adjusted funds from operations came in at $10.3-million or 19 cents versus $7.5-million or 23 cents a year earlier. Analysts were expecting adjusted FFO of 26 cents.
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1933 Industries Inc. (TGIF-C) announced a non-brokered private placement of 10 million units at 45 each for total proceeds of $4.5-million. Each unit consists of one common share and one common share purchase warrant of the company. Each warrant entitles the holder to purchase one share at a price of 50 cents per share for 24 months. The net proceeds will be used for general working capital, the company stated.
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Solium Capital Inc. (SUM-T) said its fourth-quarter revenue increased by 18 per cent to US$27.1-million. Analysts were expecting revenue of US$37.9-million. Net earnings increased to US$1.8-million in the fourth quarter compared to a loss of US$458,000 a year earlier.
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Village Farms International, Inc. (VFF-Q; VFF-T) reported fourth-quarter net income of US$270,000 or a penny 1 per share, which was in line with expectations and compared with a net loss of US$607,000 or 2 cents per share a year ago. Sales came in at $38.8-million for the quarter compared with US$36.9-million a year earlier.
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K-Bro Linen Inc. (KBL-T) reported third-quarter revenue of $59.4-million up from $47.5-million a year ago. Net earnings for the fourth quarter was $1.1-million compared to a net loss of $1.3-million or 10 cents per share in the fourth quarter and versus a loss of $1.3-million or 13 cents a year earlier. Analysts were expecting earnings to come in at 12 cents and revenue of $58.4-million in the most recent quarter.
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NFI Group Inc. (NFI-T) reported fourth-quarter revenue of $662-million up from $654.6-million a year earlier. Net earnings came in at $42.8-million or 69 cents per share versus net earnings of $76.1-million or $1.21 a share a year ago. Analysts were expecting earnings of 68 cents per share in the latest quarter and revenue of $643.6-million.
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Pollard Banknote Limited (PBL-T) announced a 33-per-cent increase in its quarterly dividend rate to 4 cents per share from 3 cents or an annualized rate of 16 cents, up from 12 cents per share.
The company also reported a net loss of $1.9-million or 8 cents per share in the fourth quarter compared to net income of $4.3-million or 18 cents in the fourth quarter of 2017. Adjusted EBITDA was $7.5-million in the fourth quarter compared to $13-million in the fourth quarter of 2017. Analysts were expecting adjusted EBITDA of $13.6-mlllion.
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Magellan Aerospace Corp. (MAL-T) reported fourth-quarter revenues of $254.4-million up from $232.6-million a year earlier. Net income was $29.6-million or 51 cents per share versus net income of $31.9-milion or 55 cents a year earlier. Analysts were expecting revenue of $240.7-million and earnings of 38 cents per share.
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