Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
WestJet Airlines Ltd. (WJA-T) reported a quarterly profit that beat analysts’ estimates on Tuesday, as the carrier flew more passengers to the U.S. and other overseas destinations.
The Calgary-based carrier said traffic rose 5.3 per cent in the first quarter ended March 31, while available seat miles, a measure of passenger carrying capacity, ticked up at the same level. WestJet has been eyeing to capture a major chunk of higher-paying premium passengers.
Canada’s second-largest carrier’s net profit rose to $45.6 million, or 40 cents per share, in the quarter, from $34.2 million, or 30 cents per share, a year earlier. Analysts on average had expected the company to post a profit of 30 cents per share, according to IBES data from Refinitiv. Total revenue rose 5.5 per cent to $1.26 billion.
- Reuters
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Roots Corp. (ROOT-T) announced that its chief financial officer, Jim Rudyk, has resigned “to pursue an opportunity at a private, family-owned food services company.” His last day at the retailer is Aug. 9.
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Alaris Royalty Corp. (AD-T) announced revenue of $27.7-million in the quarter ended March 31, an increase from $23.6-million a year earlier and in line with expectations. Net income was $3.6-million or 31 cents per share compared to a loss of $3.1-million or 9 cents a year ago.
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Ag Growth International Inc. (AFN-T) reported a first-quarter profit of $13.2-millin or 70 cents per share as compared with a profit of $4.9-million or 30 cents a year earlier. Adjusted profit was 27 cents per share versus 70 cents a year ago. Sales came in at $216.2-million up from $214.1-million a year ago and below expectations of $226.8-million.
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Sleep Country Canada Inc. (ZZZ-T) announced that its first-quarter revenue increased 10.4 per cent to $149.3-million from $135.3-million a year earlier and below expectations of $155-million. Same-store sales decreased by 3.4 per cent, the company stated. Net income was $7.8-million or 21 cents per share versus net income of $10.3-million or 28 cents. Adjusted earnings came in at 23 cents versus 29 cents a year earlier and below expectations of 29 cents for the latest quarter.
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Absolute Software Corp. (ABT-T) reported revenue of US$24.9-million for its third quarter ended March 31, which it stated represented a year-over-year increase of 7 per cent. The result was in line with expectations of US$24.6-million. Net income was US$2.5-million or 6 US cents per share versus income of US$1.1-million or 3 US cents a year earlier. Analysts were expecting earnings to come in at 5 US cents per share in the latest quarter.
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Hudbay Minerals Inc. (HBM-T; HBM-N) reported first-quarter revenue of US$292.3-million down from US$386.7-million a year earlier. Analysts were expecting revenue of US$314.7-million. Hudbay also reported a loss of US$13.4-million or 5 US cents per share versus a profit of US$41.4-million or 16 US cents a year earlier.
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MEG Energy Corp. (MEG-T) reported a net loss of $48-million or 16 cents per share in the first quarter of 2019, compared to net earnings of $141-million or 47 cents in the first quarter of 2018. Revenue came in at $919-million up from $721-million a year earlier.
Adjusted funds flow of $151-million or 50 cents per share compared to $83-million or 28 cents a year earlier.
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Wajax Corp. (WJX-T) reported first-quarter revenue increased by 9 per cent to $374.6 million, from $342.4 million in the first quarter of 2018 and ahead of expectations of $364.8-million. Net earnings of $7.9 million or 39 cents per share compared to $9.3-million or 48 cents per share in the same period of 2018. Analysts were expecting earnings to come in at 43 cents per share
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