Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Cineplex Inc. (CGX-T) had $24.4-million of net income in the second quarter, beating analyst profit estimates, as total revenue increased by 12.4 per cent from last year and the company made progress on its cost-reduction efforts.
The Toronto-based cinema and entertainment company says revenue for the three-months ended June 30 was $409-million, a record high for the second quarter.
Attendance was up five per cent from last year, increasing box office revenue by 9.7 per cent to $187.2-million, while revenue from food services jumped 14.6 per cent to a record $114-million.
Box office revenue per patron rose 4.4 per cent to $10.82 and concession revenue per patron rose 9.3 per cent to $6.59.
Cineplex also generated increased revenue from its media and amusement business units.
The company’s net income amounted to 38 cents per share, compared with two cents per share or $1.4-million in last year’s second quarter.
Analysts had estimated $414 million of revenue, 24 cents a share of net income and 24 cents a share of adjusted earnings, according to Thomson Reuters Eikon.
- The Canadian Press
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Héroux-Devtek Inc. (HRX-T) said its first-quarter sales reached $85.8-million, compared with $86.9-million in the first quarter of fiscal 2018. “This slight decrease reflects lower sales to the defence aerospace market and a net negative impact of $2.5-million due to year-over-year fluctuations in the value of the Canadian currency versus foreign currencies, partially offset by higher sales to the commercial aerospace market,” the company stated.
Net income reached $3.6-million or 10 cents per share versus $4-million or 11 cents last year. Adjusted net income reached $3.8-million or 10 cents per share, versus $4-million or 11 cents per share last year. Analysts were expecting adjusted EPS of 12 cents and revenue to be $85.3-million.
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Fiera Capital Corp. (FSZ-T) reported second-quarter revenues of $126.2-million, an increase from $109.3-million for the same period last year and ahead of expectations of $123.5-million. The company recorded a net loss attributable to shareholders of $2.1-million, or 2 cents per share versus income of $900,000 or a penny per share a year earlier. Adjusted EPS was 26 cents versus 30 cents a year earlier. Analysts were expecting earnings of 8 cents and 25 cents on an adjusted basis.
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Boralex Inc. (BLX-T) reported revenues from energy sales of $95-million in the second quarter versus $92-million a year earlier and ahead of expectations of $91.8-million. Its net loss was $33-million or 36 cents versus a loss of $7-million or 3 cents a year ago.
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Boyd Group Income Fund (BYD.UN-T) says second-quarter sales increased by 18.9 per cent to $456.6 million from $384-million in the same period of 2017, including same-store sales increases of 3.2 per cent. Net earnings were $12.8-milion or 65 cents per share versus $421,000 or 2.3 cents a year ago. Adjusted net earnings increased 40.8 per cent to $21.1-million compared with $15-million a year earlier and adjusted net earnings per unit increased 29.4 per cent to $1.08 compared with 83 cents in 2017.
Analysts were expecting revenue of $458.3-million and adjusted earnings of $1.10.
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Algoma Central Corp. (ALC-T) reported revenue of $139.4-million in the second quarter up from $124.1-million a year earlier. Net income was $14.4-million or 38 cents per share versus $29.2-million or 68 cents a year ago.
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IBI Group Inc. (IBG-T) said its net revenue decreased to $93.1-million in the second quarter when compared to $93.3-million in the same period in 2017 and slightly below expectations of $92.6-million. Net income of $1.2-million or 3 cents per share compared to $4.9-million or 13 cents for the same period in 2017. “This quarter as a result of changing market conditions, net income is inclusive of a pre-tax loss in fair value of other financial liabilities of $0.6 million and a loss in foreign exchange of $1.4 million as a result of the movement in the market value of the Canadian dollar,” the company stated.
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ZCL Composites Inc. (ZCL-T) reported revenue of $46.8-million in the second quarter, down from $53.3-million a year earlier. Net income of $3.9-million or 13 cents per share, down from $6-million or 19 cents per share a year ago.
The company also appointed Ted Redmond as president and CEO, effective Sept. 10.
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Uni-Select Inc. (UNS-T) reported consolidated sales of $461.6-million in the second quarter, a 35.6-per-cent increase compared to the same quarter last year, and slightly above expectations of $460.3-million “driven by the sales generated from recent business acquisitions.” Net earnings were $17.9-million or 42 cents per share compared to $13.7-million or 33 cents a year earlier. Adjusted EPS was 44 cents, which was in line with expectations and versus 39 cents a year ago.
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AutoCanada Inc. (ACQ-T) reported revenue of $880.6-million in the second quarter, down 1.6 per cent compared with the second quarter of 2017 and below expectations of $952.7-million. Same-store revenue declined by 5.1 per cent, the company said. “The General Motors stores divested in January accounted for a $100-million decline in revenue, all of which was included in same-store revenues in 2017,” the company stated.
Its net loss was $41.3-million or $1.51 per share versus a profit of $15.5-million or 91 cents a year ago. Adjusted EPS was 55 cents versus expectations of 61 cents and compared to 57 cents last year.
The company, which is undergoing a strategic review, also announced several management changes, including the immediate departure of its CEO and CFO. CEO Steven Landry stepped down Thursday and has been appointed as an advisor to AutoCanada, "focused on OEM relationships and dealership acquisitions," the company stated. CFO Christopher Burrows resigned effective today (Friday) "and will remain as an advisor for three months to effect an orderly transition."
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Recipe Unlimited Corp. (RECP-T), formerly Cara Operations, reported system sales grew to $874.2-million for the 13 weeks ended July 1 as compared to $660.8-million for the 12 weeks ended June 25, 2017. Same-restaurant sales growth was an increase of 1.9 per cent year-over-year.
Total gross revenue was $312.3-million, which beat expectations $278.5-million and compared to $194.4-million a year earlier.
Net earnings were $19.5-million or 30 cents per share compared to $17.4-milion or 28 cents a year ago. Adjusted
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Wajax Corp. (WJX-T) reported second-quarter revenue of $382.7-million up from $325.9-million in the second quarter of 2017 and ahead of expectations of $356.8-million. Net earnings $12.2-million or 62 cents, which beat expectations of 55 cents and compared $7.7-million or 40 cents.
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Equitable Group Inc. (EQB-T) reported net income of $37.5-million or $2.19 per share in the second quarter compared to $38.9-million or $2.28 a year ago. Analysts were expecting earnings to be $2.21 in the latest quarter.
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American Hotel Income Properties REIT LP (HOT.UN-T) reported revenue of US$89.9 million in the second quarter up from US$69.5-million a year ago and ahead of expectations of US$86.2-million. Net income for the second quarter was US$8.9-million or 11 cents per share, compared to a net loss of US$5.5-million or 9 cents a year ago.
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Westport Fuel Systems Inc. (WPRT-Q; WPRT-T) reported revenue of US$80.5-million in the second quarter as compared with US$58.6-million a year ago. Its net loss from continuing operations was US$5.7-million or 4 cents per share versus US$13.4-million or 12 cents a year ago. Analysts were expecting revenue of US$64.2-million and a loss of 5 cents.
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Total Energy Services Inc. (TOT-T) reported second-quarter revenue of $193.8-million up from $154.9-million a year ago and ahead of expectations of $175.1-million. Net income was $3.7-million or 8 cents versus a loss of $13.1-million or 26 cents a year earlier.
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Extendicare Inc. (EXE-T) reported revenue of $279.5-million in the second quarter up from $273.8-million a year earlier and ahead of expectations of $276.8-million a year earlier. Earnings were $6-million or 7 cents per share down from $9.9-million or 11 cents a year ago.
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Freshii Inc. (FRII-T) says its system-wide sales grew to US$46.3-million in the second quarter, an increase of 34 per cent compared to the same time last year. Same-store sales growth was 0.9 per cent. Net income was US$300,000 compared to a loss of US$400,000 a year ago. Revenue was US$5.7-million in line with expectations and up from US$4.4-million a year ago.