Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Uni-Select Inc. (UNS-T) reported first-quarter sales of $420-million for the first quarter, down from $422.1-million a year ago and below expectations of $426.1-million. Its net loss was $1.3-million compared to a profit of $10.4-million for the same quarter a year earlier.
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GMP Capital Inc. (GMP-T) reported a net loss from continuing operations of $22.9-million in the first quarter, which it said is primarily due to a $28.5-million non-cash goodwill impairment charge in its Capital Markets segment. That compares to net income of $5.4-million a year earlier. Revenue from continuing operations was $37.5-million in first quarter 2019, down from $47-million a year ago. On an adjusted basis, net income from continuing operations was $6.8-million in first quarter 2019 compared with net income of $8.6-million in first quarter 2018, the company stated.
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Real Matters Inc. (REAL-T) reported second-quarter consolidated revenues of $63.3-million down from $66.1-million a year ago. Its net loss of $6.8 million or 8 cents per share for the quarter ended March 31 compared to net income of $3-million or 3 cents a year earlier. Analysts were expecting revenue of $57.8-million and a loss of 3 cents per share.
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Park Lawn Corp. (PLC-T) announced the acquisition of John L. Ziegenhein & Sons Understaking Inc., a two-location funeral business in St. Louis, Miss. for US$4.2 million. “The addition of Ziegenhein Funeral Homes is an excellent opportunity to further expand our existing footprint in an attractive market and is another positive addition to the Park Lawn family,” stated CEO Andrew Clark.
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Pollard Banknote Ltd. (PBL-T) announced the acquisition of Fastrak Retail (UK) Limited, a provider of lottery ticket dispensers, lottery play points and other retail merchandising products based in the UK for about $7-million. “We are thrilled with this acquisition of Fastrak and are confident it will deliver additional innovation and new international markets for our retail merchandising solutions”, stated Doug Pollard, co-CEO of Pollard, in a release.
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Ballard Power Systems (BLDP-Q; BLDP-T) announced that it has reached an agreement with Weichai Ballard Hy-Energy Technologies Co., Ltd. “for the supply of a mix of certain fuel cell products and components that will be used in the assembly of modules to power zero-emission fuel cell electric vehicles (FCEVs) in China.” Ballard said the order will have a total value of approximately $44-million to the company.
"This is a very exciting next step for our Weichai-Ballard joint venture," stated Ballard CEO Randy MacEwen. "Weichai's commitment to support the deployment of 2,000 FCEVs in China is the largest to date globally. It will enable further fuel cell cost reductions as we move toward commercial scaling."
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CRH Medical Corp. (CRH-T) reported first-quarter revenue of US$29.1-million up from $24.7-million a year earlier and ahead of expectations of US$27.8-million. Net income was US$1.4-million down from net income of US$3.2-million a year ago.
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Stelco Holdings Inc. (STLC-T) reported first-quarter revenue of $517-million, up 7 per cent compared to a year earlier. Net income of $43-million or 48 cents per share versus $29-million or 33 cents a year ago. Analysts were expecting revenue of $533-million and earnings of 64 cents for the latest quarter.
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Killam Apartment REIT (KMP.UN-T) reported net income of $27.1-million in the first quarter, compared to $68.9-million a year ago. Earned funds from operations per unit of 21 cents was in line with expectations and up from 20 cents a year ago.
Property revenue came in at $57.1-million up from $49.4-million a year ago and slightly below expectations of $58.4-million.