Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
A Toronto-based investment management firm has increased its share ownership in Home Capital Group Inc., (HCG-T) not long after famed investor Warren Buffett offered a financial lifeline to the alternative mortgage lender.
Turtle Creek Asset Management Inc., which was already one of Home Capital's largest investors, recently acquired more than two million shares to bring its total holdings to a little over 14.2 million shares, according to a regulatory filing on Thursday.
For a long period, Turtle Creek was Home Capital's largest shareholder. But it was recently superseded by Berkshire Hathaway Inc., which announced an investment of around $400-million into the firm in June. Mr. Buffett's investment firm currently owns just under 20 per cent of the equity in Home Capital, according to Bloomberg data.
Even though Turtle Creek increased its share ownership in Home Capital through its recent purchase, its percentage stake actually fell from a recent high of approximately 19 per cent to 17.8 per cent as of July 31, according to the filing. Turtle Creek incurred significant dilution after Berkshire Hathaway was issued millions of new shares as part of its June deal with Home Capital.
Total Energy Services Inc. (TOT-T) reported revenue of $154.9-million in the second quarter compared to $43.9-million a year earlier.
Analysts were expecting revenue of $103-million.
Its net loss was $13.1-million or 26 cents versus a loss of $4.2-million or 14 cents a year ago. Analysts were expecting a loss of 10 cents.
Total Energy's financial results include the financial results for Savanna Energy Services Corp. from April 5.
"Negatively impacting the Company's financial results for the second quarter of 2017 was approximately $4 million of non-recurring expenses that relate to completion of the acquisition of Savanna and the subsequent integration and rationalization of Savanna's operations and a $4.5 million unrealized foreign exchange loss included in cost of services that relates primarily to intercompany working capital balances."
Trican Well Service Ltd. (TCW-T) reported revenue of $137.2-million in the second quarter, an increase of 322 per cent compared to $32.5-million a year ago. Analysts were expecting revenue of $102-million.
Net income was $8.1-million or 3 cents per share compared to a loss of $40.4-million or 26 cents a year ago.
Fiera Capital Corporation (FSZ-T) reported revenues of $109.3-million in the second quarter, compared to $75-million for the same period last year. The increase was driven largely by acquisitions.
Earnings were 30 cents per share compared to 27 cents a year ago.
Analysts were expecting revenue of $107.5-million and earnings of 28 cents.
Boyd Group Income Fund (BYD.UN-T) said sales increased by 16 per cent in the second quarter to $384 million, in line with expectations and up from $331-million in 2016.
Adjusted EBITDA increased 16 per cent to $35.5-million, compared with $30.5-million in 2016.
Equitable Group Inc. (EQB-T) reported second quarter net income of $38.9-million, up 16 per cent compared to a year ago.
Diluted earnings per share were $2.28, 11 per cent higher compared with last year. Analysts were expecting earnings of $2.08.
The company also increased its dividend 14 per cent to 24 cents.
Goldmoney Inc. (XAU-T) reported revenue of $125 million in the first quarter of 2018 up from $112.4 million a year ago.
Earnings per share were 3 cents versus a loss of 3 cent a year ago.
New Look Vision Group Inc. (BCI-T) record revenues of $55.4-million in the second quarter, up 10 per cent from a year ago. Analysts were expecting revenue of $54.9-million.
Earnings per share were 19 cents versus 30 cents a year ago.
Chemtrade Logistics Income Fund (CHE.UN-T) reported second-quarter revenues of $407.4-million, an increase of $145.3-million from 2016. Analysts were expecting revenue of $400.1-million.
"This increase was primarily due to revenues generated by the newly acquired businesses, partially offset by lower revenues in Sulphur Products & Performance Chemicals segment due to lower sales volumes and selling prices for sulphuric acid," the company said.
Net earnings were $10.3-million compared with a net loss of $19.8-million during the second quarter of 2016.
Park Lawn Corporation (PLC-T) reported second-quarter revenue of $20.1-million, up 7 per cent from the same three month period in 2016.
Net earnings fell to $812,444 or 7 cents per share from $1-million or 13 cents for the same period in 2016.
Analysts were expecting earnings of 9 cents.
Great Canadian Gaming Corporation (GC-T) reported second-quarter revenues of $161-million, up 15 per cent when compared to the same period in the prior year.
Net earnings were $26.7-million or 43 cents per share, up about 17 when compared to the same period in the prior year.
Analysts were expecting earnings of 39 cents.
Savaria Corporation (SIS-T) reported record revenue of $39.1-million in the second quarter, up $9 million or 30 per cent from a year ago.
Net income was $2.7-million or 7 cents versus $2.7 million or 8 cents a year ago.
Analysts were expecting revenue of $39.4-million and earnings of 12 cents.
IBI Group Inc. (IBG-T) reported revenue of $93.3-million in the second quarter compared to $90.4 million for the same period in 2016.
Net income was $4.8-million or 13 cents versus $4.5-million or 14 cents a year ago.
Analysts were expecting earnings of 14 cents and revenue of $93.6-million.
AutoCanada Inc. (ACQ-T) reported revenue of $894.9-million in the second quarter versus $842.3 million a year earlier.
Its net earnings came in at $25-million or 57 cents per share versus $14.2-million or 57 cents a year ago.
Analysts were expecting revenue of $822.5-million and earnings of 48 cents.
Automotive Properties Real Estate Investment Trust (APR.UN-T) reported property rental revenue of $10.5-million in the second quarter, in line with expectations and up 26 per cent from a year ago.
Net operating income was $9-million, up 24 per cent year-over-year.
Funds from operations increased 34 per cent to $6.5-million, up from $4.9-million a year ago.
Wajax Corporation (WJX-T) generated revenue of $325.3-million in the second quarterr versus $336.6-million for the same period in 2016.
Net earnings were $7.6-million or 39 cents per share versus $4.3-million or 22 cents per share for the same period in 2016.
Analysts were expecting revenue of $330.2-million and earnings of 39 cents.
Callidus Capital Corp. (CBL-T) reported revenue of $26.9-million in the second quarter down from $31.6-million a year ago.
Its net loss was $25.8-million or 51 cents versus a loss of $3.5-million or 7 cents a year ago.
The most recent quarter included a $28-million "non-cash impact of a present value calculation update associated with the future disposition of collateral," the company said.