Canadian Tire Corporation Delivers Another Record Year
|
|
- Martin Hensley
- 8 years ago
- Views:
Transcription
1 Canadian Tire Corporation Delivers Another Record Year Same store sales for fourth quarter up in all retail banners over a strong Q4 2013: o 2.8% at Canadian Tire o 4.9% at FGL Sports (9.4% at Sport Chek) o 1.2% at Mark s Fourth quarter diluted earnings per share (EPS) up 5.1% or 12.8% after normalizing for nonoperational costs despite dilutive effects of selling 20% of Financial Services business 2014 annual revenue of $12.5 billion, income before tax (IBT) of $878.2 million and diluted EPS of $7.59 exceed strong results achieved in 2013 Financial Services achieves a record $5 billion in gross ending accounts receivable TORONTO, February 26, 2015 Canadian Tire Corporation, Limited (TSX:CTC, TSX:CTC.a) today released fourth quarter and full year results for the period ended January 3, Reported results include an additional week of operations while same store sales are reported on a comparative basis. We delivered another record fourth quarter and impressive annual results, despite unseasonable weather compared to last December. We continue to put the numbers on the board by effectively executing our strategic priorities and I m proud of how our team has continued to innovate and adapt in a rapidly changing retail environment. We re entering 2015 in a position of operational strength, said Michael Medline, President and CEO, Canadian Tire Corporation. Our investments in digital are paying off in-store and through marketing campaigns, both of which are exciting our customers and driving sales. That said, we have a long way to go in e-commerce and you will see us put our brand and our assets to work as we continue to evolve and become a world-class online retailer, concluded Medline. 1
2 CONSOLIDATED OVERVIEW FOURTH QUARTER Consolidated revenue increased 9.8% or $325.1 million to $3.7 billion in the fourth quarter over the same period last year, as a result of higher shipments at Canadian Tire, strong sales at FGL Sports and increased sales at Mark s. Fourth quarter consolidated retail sales increased 7.3%, up $289.6 million to $4.3 billion. This is attributed to enhanced assortments and successful marketing campaigns that drove higher sales at all retail banners as well as an additional week of retail sales during the quarter. Diluted EPS was $2.44 in the quarter, up 5.1% over the fourth quarter of 2013 and up 12.8% after normalizing for the non-operational costs associated with the fair value adjustment on the Scotiabank redeemable financial instrument and costs related to the formation of CT REIT in the prior year. EPS performance reflects strong revenue and gross margin contribution from both the Retail and Financial Services segments. FULL YEAR Consolidated revenue for the full year increased 5.7% over 2013 to $12.5 billion, reflecting a strong contribution from the Retail segment, led by Canadian Tire and FGL Sports. Consolidated retail sales for 2014 were up 4.8%, or $631.3 million, to $13.9 billion, due to sales growth across the retail banners. Diluted EPS for the year increased 9.8% to $7.59, or 13.1% after normalizing for the nonoperational costs associated with the fair value adjustment on the Scotiabank redeemable financial instrument, the premium on the early redemption of medium term notes in Q and costs related to the formation of CT REIT in the prior year. EPS performance reflects strong revenue and gross margin contribution from both the Retail and Financial Services segments. 2
3 RETAIL SEGMENT OVERVIEW FOURTH QUARTER Retail segment income before income taxes was up 21.8%, or $41.7 million, to $234.5 million in the fourth quarter of 2014 compared to 2013, or 19.5% after normalizing for the onetime costs associated with the formation of CT REIT in the prior year. Canadian Tire retail saw fourth quarter retail sales increase 8.3% and same store sales were up 2.8% over Retail and same store sales at FGL Sports were up 15.0% and 4.9% respectively for the quarter due to increases across all categories and led by strong same store sales of 9.4% at Sport Chek. Mark s retail sales in the fourth quarter grew 5.4% and same store sales were up 1.2% over the prior year. Petroleum retail sales decreased 3.6% in the quarter, due to the sharp decline in gas prices and lower gasoline volumes. FULL YEAR Retail segment earnings before income taxes increased 14.7% to $531.5 million for the full year compared to 2013, or 15% after normalizing for non-operational costs associated with the early redemption of medium-term notes and the formation of CT REIT. For the full year, Canadian Tire retail sales were up 4.4% over 2013 results and same store sales increased 2.4%. FGL Sports 2014 retail sales were up 11.5% (17.7% at Sport Chek) and same store sales increased 6.9% (10.6% at Sport Chek) over a strong Mark s full year retail and same store sales were up 4.5% and 3.1%, respectively, over CT REIT OVERVIEW As disclosed in the Q CT REIT release issued on February 23, 2015, CT REIT completed two land acquisitions, two developments and six intensifications in the fourth quarter at a total cost of $36.1 million. On a full year basis, CT REIT completed thirteen property acquisitions, two land acquisitions, two developments and six intensifications at a total cost of $264.6 million. In its first full year of operations, CT REIT exceeded its financial forecast and ended the year well-positioned for
4 FINANCIAL SERVICES OVERVIEW Financial Services posted strong fourth quarter gross average credit card receivables growth of 7.0%, driven by increased average account balances and credit charges. Income before income taxes for the quarter was flat compared to the strong growth achieved in Fourth quarter 2014 earnings results reflected increased investments in receivables via deferred financing and balance transfer offers that result in immediate revenue deferral. For the full year, income before income taxes was up 7.8% over 2013 reflecting strong gross average accounts receivable growth and investment in account acquisition. CAPITAL ALLOCATION CAPITAL EXPENDITURES Total capital expenditures for 2014 were $721.8 million compared to $544.1 million in 2013, reflecting increased store network growth and accelerated information technology project spending, investment in additional distribution capacity and investments related to properties acquired by CT REIT from vendors other than CTC. QUARTERLY DIVIDEND On February 26, 2015, the Company declared quarterly dividends payable to holders of Class A Non-Voting Shares and Common Shares at a rate of $0.525 per share payable on June 1, 2015 to shareholders of record as of April 30, The dividend is considered an eligible dividend for tax purposes. Over the course of 2014, the Company declared dividends to shareholders of $154 million, an increase of 29% over the prior year. The current annual dividend rate on Common shares and Class A Non-Voting shares of the Company is $2.10 per share. SHARE REPURCHASE During 2014, CTC purchased Class A Non-Voting Shares at a cost of $283.7 million, including $83.7 million in connection with its announcement in October that it intended to repurchase a further $400 million of its Class A Non-Voting Shares through to the end of In addition, the Company repurchased Class A Non-Voting Shares at a cost of $6.9 million for anti-dilutive purposes during the year. 4
5 NORMAL COURSE ISSUER BID CTC intends to make a normal course issuer bid to purchase from March 2, 2015 to March 1, 2016, through the facilities of the Toronto Stock Exchange (the TSX ) or alternative trading systems, if eligible, certain of its outstanding Class A Non-Voting Shares (the 2015 NCIB ). The number of Class A Non-Voting Shares which may be purchased during the period the 2015 NCIB is outstanding will not exceed 4.0 million Class A Non-Voting Shares, which is approximately 5.6% of 70.9 million shares, the approximate public float of Class A Non-Voting Shares issued and outstanding as at February 25, CTC has a policy of purchasing Class A Non-Voting Shares to offset the dilutive effect of the issuance of Class A Non-Voting Shares pursuant to its stock option plan and dividend reinvestment plan. CTC intends to continue that policy. CTC may also purchase additional Class A Non-Voting Shares if, after consideration of various factors, CTC determines that the purchase would be expected to be in the best interests of CTC and contribute to enhancing the value of the remaining Class A Non-Voting Shares. The total number of Class A Non-Voting Shares purchased during 2014 by CTC was 2,600,000, consisting of 100,000 shares purchased under its NCIB which expired on February 25, 2014, and 2,500,000 shares purchased under its NCIB which expired on February 25, The weighted average price at which the 2,600,000 Class A Non-Voting Shares were purchased was $ Any purchases of Class A Non-Voting Shares by CTC pursuant to the 2015 NCIB will be made through open market transactions at the market price of the Class A Non-Voting Shares at the time of the acquisition or as otherwise permitted under the rules of the TSX. For open market transactions, CTC will be subject to a daily repurchase restriction of 50,858 Class A Non-Voting Shares, which represents 25% of the average daily trading volume of the Class A Non-Voting Shares on the TSX, net of NCIB purchases, for the six months ended January 31, The Class A Non-Voting Shares acquired by CTC pursuant to the 2015 NCIB will be restored to the status of authorized but unissued shares. CTC s 2015 NCIB is subject to regulatory approval. For additional information, refer to the Company s Q Management s Discussion and Analysis. 5
6 FORWARD-LOOKING STATEMENTS This document contains forward-looking information that reflects management's current expectations related to matters such as future financial performance and operating results of the Company. Forwardlooking statements are provided for the purposes of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our anticipated financial position, results of operations and operating environment. Readers are cautioned that such information may not be appropriate for other purposes. All statements other than statements of historical facts included in this document may constitute forwardlooking information, including but not limited to, statements concerning the Company s intention to make a normal course issuer bid (including statements regarding the Company s intention to continue its policy of purchasing Class A Non-Voting Shares to offset the dilutive effect of the issuance of Class A Non- Voting Shares pursuant to its stock option plan and dividend reinvestment plan and statements regarding the Company s potential purchase of additional Class A Non-Voting Shares under the heading Normal Course Issuer Bid ) and other statements concerning management's expectations relating to possible or assumed future prospects and results, our strategic goals and priorities, our actions and the results of those actions and the economic and business outlook for us. Forward-looking information is based on the reasonable assumptions, estimates, analyses, beliefs and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable at the date that such information is provided. By its very nature, forward-looking information requires us to make assumptions and is subject to inherent risks and uncertainties, which give rise to the possibility that the Company's assumptions, estimates, analyses, beliefs and opinions may not be correct and that the Company's expectations and plans will not be achieved. Although the Company believes that the forward-looking information in this document is based on information, assumptions and beliefs which are current, reasonable and complete, this information is necessarily subject to a number of factors, risks and uncertainties that could cause actual results to differ materially from management's expectations and plans as set forth in such forward-looking information. For more information on the risks, uncertainties and assumptions that could cause the Company's actual results to differ from current expectations, refer to section 2.10 (Risk Factors) of our Annual Information Form for fiscal 2014 and to sections (Retail segment business risks), (CT REIT segment business risks), (Financial Services segment business risks) and 10.0 (Enterprise Risk Management) and all subsections thereunder of our 2014 Management's Discussion and Analysis, as well as the Company s other public filings, available at and at Statements that include forward-looking information do not take into account the effect that transactions or non-recurring or other special items announced or occurring after the statements are made have on the Company's business. For example, they do not include the effect of any dispositions, acquisitions, asset write-downs or other charges announced or occurring after such statements are made. The forward-looking statements and information contained herein are based on certain factors and assumptions as of the date hereof. The Company does not undertake to update any forward-looking information, whether written or oral, that may be made from time to time by it or on its behalf, to reflect new information, future events or otherwise, except as is required by applicable securities laws. CONFERENCE CALL Canadian Tire will conduct a conference call to discuss information included in this news release and related matters at 12:00 p.m. ET on February 26, The conference call will be available simultaneously and in its entirety to all interested investors and the news media through a webcast at and will be available through replay at this website for 12 months. 6
7 ABOUT CANADIAN TIRE CORPORATION Canadian Tire Corporation, Limited, (TSX:CTC.A) (TSX:CTC) or "CTC," is a family of businesses that includes a retail segment, a financial services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal categories. PartSource and Gas+ are key parts of the Canadian Tire network. The retail segment also includes Mark's, a leading source for casual and industrial wear, and FGL Sports (Sport Chek, Hockey Experts, Sports Experts, National Sports, Intersport, Pro Hockey Life and Atmosphere), which offers the best active wear brands. The 1,700 retail and gasoline outlets are supported and strengthened by our Financial Services division and the tens of thousands of people employed across the Company. For more information, visit Corp.CanadianTire.ca. FOR MORE INFORMATION Media: Sandra Buckler, , sandra.buckler@cantire.com Investors: Lisa Greatrix, , lisa.greatrix@cantire.com 7
Canadian Tire Corporation Kicks off 2015 with Strong Growth Across all Businesses
Canadian Tire Corporation Kicks off 2015 with Strong Growth Across all Businesses Same store sales up in all core retail banners: o 4.7% at Canadian Tire o 8.6% at FGL Sports o 5.5% at Mark s Financial
More informationCanadian Tire Corporation Announces Innovative Strategic Business Partnership with Scotiabank and Reports Solid Q1 2014 Results
Canadian Tire Corporation Announces Innovative Strategic Business Partnership with Scotiabank and Reports Solid Q1 2014 Results Canadian Tire Corporation enters into far-reaching agreement with Scotiabank
More informationCanadian Tire Corporation 2014 Second Quarter Financial Results
Canadian Tire Corporation 2014 Second Quarter Financial Results August 7, 2014 Forward looking information This document contains forward-looking statements that reflect management s current expectations
More informationManagement s Discussion and Analysis
Management s Discussion and Analysis of Financial Conditions and Results of Operations For the quarter and six months ended June 30, 2012 All figures in US dollars This Interim Management s Discussion
More informationManagement s Discussion and Analysis (MD&A)
Canadian Tire Corporation, Limited 2014 Second Quarter Report to Shareholders 13 Weeks Ended June 28, 2014 Management s Discussion and Analysis (MD&A) 1.0 Preface... 1 1.1 Definitions... 1 1.2 Forward-looking
More informationCanadian Tire Corporation. Investor Presentation September 2014
Canadian Tire Corporation Investor Presentation September 2014 Forward looking information This document contains forward-looking information that reflects management s current expectations related to
More informationWestern Energy Services Corp. Condensed Consolidated Financial Statements September 30, 2015 and 2014 (Unaudited)
Condensed Consolidated Financial Statements September 30, 2015 and 2014 (Unaudited) Condensed Consolidated Balance Sheets (Unaudited) (thousands of Canadian dollars) Note September 30, 2015 December 31,
More informationMedia Contact: Mike Conway Director, Corporate Communications Sherwin-Williams Direct: 216.515.4393 Pager: 216.422.3751 mike.conway@sherwin.
The Sherwin-Williams Company Reports First Quarter 2012 Financial Results Consolidated net sales increased 15.1% to a record $2.14 billion Diluted net income per common share increased 50.8% to a record
More informationCOMPANY CONTACTS: Jay S. Hennick Founder & CEO. D. Scott Patterson President & COO (416) 960-9500
COMPANY CONTACTS: Jay S. Hennick Founder & CEO D. Scott Patterson President & COO John B. Friedrichsen Senior Vice President & CFO (416) 960-9500 FOR IMMEDIATE RELEASE FirstService Reports Record Fourth
More informationIGM FINANCIAL INC. REPORTS FOURTH QUARTER AND 2015 EARNINGS
News Release Readers are referred to the disclaimer regarding Forward-Looking Statements, Non-IFRS Financial Measures and Additional IFRS Measures at the end of this Release. IGM FINANCIAL INC. REPORTS
More informationRESEARCH IN MOTION REPORTS YEAR-END AND FOURTH QUARTER RESULTS FOR FISCAL 2012
FOR IMMEDIATE RELEASE March 29, 2012 RESEARCH IN MOTION REPORTS YEAR-END AND FOURTH QUARTER RESULTS FOR FISCAL 2012 Waterloo, ON Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM), a world leader
More informationTORSTAR CORPORATION REPORTS SECOND QUARTER RESULTS
PRESS RELEASE TORSTAR CORPORATION REPORTS SECOND QUARTER RESULTS TORONTO, ONTARIO (Marketwired July 30, 2014) Torstar Corporation (TSX:TS.B) today reported financial results for the second quarter ended
More informationFrequently Asked Questions Q3 2006
Frequently Asked Questions Q3 2006 1. Were there any unusual or one-time items in your Q3 results? CIBC s reported diluted earnings per share (EPS) for the third quarter were $1.86. Our EPS was increased
More informationHYDRO ONE LIMITED REPORTS FOURTH QUARTER 2015 RESULTS
HYDRO ONE LIMITED REPORTS FOURTH QUARTER 2015 RESULTS Quarterly results reflect a number of timing, unusual and unseasonal weather related items while core operations remain strong; Board declares first
More informationFOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3.
FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3.00 Fiscal Year 2014 Net Sales Increase 8% to $3.510 Billion;
More informationBlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability
NEWS RELEASE FOR IMMEDIATE RELEASE June 19, BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability Waterloo, ON BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global leader in mobile communications,
More informationThe Sherwin-Williams Company Reports 2016 First Quarter Financial Results
The Sherwin-Williams Company Reports 2016 First Quarter Financial Results First quarter consolidated net sales increased 5.1% to a record $2.57 billion; Net sales from stores open more than twelve calendar
More informationACADIAN TIMBER CORP. REPORTS FOURTH QUARTER AND YEAR-END RESULTS
News Release Investors, analysts and other interested parties can access Acadian Timber Corp. s 2015 Fourth Quarter Results conference call via webcast on Thursday, February 11, 2016 at 1:00 p.m. ET at
More informationDOLLARAMA REPORTS STRONG SALES AND NET EARNINGS INCREASES TO CLOSE FISCAL YEAR 2011
For immediate distribution DOLLARAMA REPORTS STRONG SALES AND NET EARNINGS INCREASES TO CLOSE FISCAL YEAR 2011 MONTREAL, Quebec, April 7, 2011 Dollarama Inc. (TSX: DOL) ( Dollarama or the Corporation )
More informationNEWS RELEASE FOR IMMEDIATE RELEASE
NEWS RELEASE FOR IMMEDIATE RELEASE Readers are referred to the sections entitled Forward looking Statements and Non IFRS Financial Measures at the end of this release. The Corporation s financial results
More informationFirst quarter ended March 31, 2013 Sales at $422 million and adjusted earnings at $7 million
170 INDUSTRIEL BLVD. BOUCHERVILLE (QUÉBEC) CANADA, J4B 2X3 TEL: (450) 641-2440 FAX: (450) 449-4908 PRESS RELEASE First quarter ended March 31, 2013 Sales at $422 million and adjusted earnings at $7 million
More informationIntertain Group Limited Announces Third Quarter 2015 Financial Results $41.5 million in operating cash flows generated in Q3
Intertain Group Limited Announces Third Quarter 2015 Financial Results $41.5 million in operating cash flows generated in Q3 TORONTO, October 29, 2015 - The Intertain Group Limited ( Intertain or the Company
More informationRESEARCH IN MOTION REPORTS SECOND QUARTER RESULTS
FOR IMMEDIATE RELEASE September 16, RESEARCH IN MOTION REPORTS SECOND QUARTER RESULTS Waterloo, ON Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM), a world leader in the mobile communications
More informationThird Quarter 2015 Financial Highlights:
DISCOVERY COMMUNICATIONS REPORTS THIRD QUARTER 2015 RESULTS, INCREASES BUYBACK AUTHORIZATION BY $2 BILLION AND ANNOUNCES RESUMPTION OF SHARE REPURCHASES BEGINNING IN FOURTH QUARTER 2015 Third Quarter 2015
More informationRESEARCH IN MOTION REPORTS YEAR-END AND FOURTH QUARTER RESULTS FOR FISCAL 2010
FOR IMMEDIATE RELEASE March 31, 2010 RESEARCH IN MOTION REPORTS YEAR-END AND FOURTH QUARTER RESULTS FOR FISCAL 2010 Waterloo, ON Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM), a world leader
More informationFOOT LOCKER, INC. REPORTS THIRD QUARTER RESULTS
N E W S R E L E A S E FOOT LOCKER, INC. REPORTS THIRD QUARTER RESULTS Contact: Peter D. Brown Senior Vice President, Chief Information Officer and Investor Relations Foot Locker, Inc. (22) 720-4254 Third
More informationPress release. National Bank releases its results for the second quarter of 2009. the SECOND quarter of 2009 (1) :
Press release SECOND quarter 2009 National Bank releases its results for the second quarter of 2009 The financial information in this press release is based on the unaudited interim consolidated financial
More informationFLY LEASING REPORTS SECOND QUARTER 2010 FINANCIAL RESULTS AND REPURCHASE OF 1.4 MILLION SHARES
FLY LEASING REPORTS SECOND QUARTER FINANCIAL RESULTS AND REPURCHASE OF 1.4 MILLION SHARES Dublin, Ireland, August 4, FLY Leasing Limited (NYSE: FLY) ( FLY ), a global lessor of modern, fuel-efficient commercial
More informationRESEARCH IN MOTION REPORTS FOURTH QUARTER AND YEAR-END RESULTS FOR FISCAL 2009
FOR IMMEDIATE RELEASE April 2, 2009 RESEARCH IN MOTION REPORTS FOURTH QUARTER AND YEAR-END RESULTS FOR FISCAL 2009 Waterloo, Ontario Research In Motion Limited (RIM) (Nasdaq: RIMM; TSX: RIM), a world leader
More informationFor Immediate Release. Superior Plus Corp. to Acquire Canexus Corporation Enhancing and Expanding the Specialty Chemicals Platform
NEWS TSX: SPB Toronto, October 6, 2015 For Immediate Release Superior Plus Corp. to Acquire Canexus Corporation Enhancing and Expanding the Specialty Chemicals Platform Strong alignment with Superior s
More informationAMERISAFE INC FORM 8-K. (Current report filing) Filed 04/29/15 for the Period Ending 04/29/15
AMERISAFE INC FORM 8-K (Current report filing) Filed 04/29/15 for the Period Ending 04/29/15 Address 2301 HIGHWAY 190 WEST DERIDDER, LA 70634 Telephone 337-463-9052 CIK 0001018979 Symbol AMSF SIC Code
More informationCOLUMBUS, Georgia July 24, 2012 Aflac Incorporated today reported its second quarter results.
News Release FOR IMMEDIATE RELEASE AFLAC INCORPORATED ANNOUNCES SECOND QUARTER RESULTS, RAISES AFLAC JAPAN SALES OUTLOOK, AFFIRMS 2012 AND 2013 OPERATING EPS TARGETS, DECLARES THIRD QUARTER CASH DIVIDEND
More informationStrength in Microsoft Cloud Highlights Q3 Results
Strength in Microsoft Cloud Highlights Q3 Results Increasing usage of Microsoft Azure, Office 365, Bing and Xbox Live contributes to Q3 growth REDMOND, Wash. April 23, 2015 Microsoft Corp. today announced
More informationFORACO INTERNATIONAL REPORTS Q3 2014
NEWS RELEASE FORACO INTERNATIONAL REPORTS Q3 2014 Toronto, Ontario / Marseille, France Tuesday, November 4, 2014 Foraco International SA (TSX:FAR) (the Company or Foraco ), a leading global provider of
More informationFRANKLIN ELECTRIC REPORTS RECORD SECOND QUARTER 2013 SALES AND EARNINGS
For Immediate Release For Further Information Refer to: John J. Haines 260-824-2900 FRANKLIN ELECTRIC REPORTS RECORD SECOND QUARTER 2013 SALES AND EARNINGS Bluffton, Indiana July 30, 2013 - Franklin Electric
More informationQ3 2014 SHAREHOLDERS REPORT. A leading provider of independent commercial real estate consulting and advisory services, software and data solutions.
A leading provider of independent commercial real estate consulting and advisory services, software and data solutions. Q3 2014 SHAREHOLDERS REPORT THIRD QUARTER REPORT 2014 FOR THE NINE MONTHS ENDED SEPTEMBER
More informationAccenture Reports Third-Quarter Fiscal 2015 Results. -- Revenues of $7.8 billion, up 0.4% in U.S. dollars and 10% in local currency --
Accenture Reports Third-Quarter Fiscal 2015 Results -- Revenues of $7.8 billion, up 0.4% in U.S. dollars and 10% in local currency -- -- EPS of $1.24 include a $0.06 non-cash pension settlement charge.
More informationNEWS FOR IMMEDIATE RELEASE RUSSEL METALS ANNOUNCES STRONGER SECOND QUARTER 2010 NET EARNINGS
NEWS FOR IMMEDIATE RELEASE RUSSEL METALS ANNOUNCES STRONGER SECOND QUARTER 2010 NET EARNINGS TORONTO, CANADA August 11, 2010 -- Russel Metals Inc. (RUS TSX) today announced second quarter earnings of $19
More informationSeaWorld Entertainment, Inc. Reports Third Quarter 2015 Results - Adjusted EBITDA [1] Increases 4%, Net Income Increases 12% -
SeaWorld Entertainment, Inc. Reports Third Quarter 2015 Results - Adjusted EBITDA [1] Increases 4%, Net Income Increases 12% - ORLANDO, Fla., Nov. 5, 2015 SeaWorld Entertainment, Inc. (NYSE: SEAS), a leading
More informationFiera Capital reports strong AUM net inflows for second quarter and increases quarterly dividend to $0.14 per share
Fiera Capital reports strong AUM net inflows for second quarter and increases quarterly dividend to $0.14 per share Not for distribution to U.S. news wire services or dissemination in the United States
More informationSeaWorld Entertainment, Inc. Reports First Quarter 2015 Results
SeaWorld Entertainment, Inc. Reports First Quarter 2015 Results ORLANDO, Fla., May 7, 2015 SeaWorld Entertainment, Inc. (NYSE: SEAS), a leading theme park and entertainment company, today reported financial
More informationPerformance Food Group Company Reports First-Quarter Fiscal 2016 Earnings
NEWS RELEASE For Immediate Release November 4, 2015 Investors: Michael D. Neese VP, Investor Relations (804) 287-8126 michael.neese@pfgc.com Media: Joe Vagi Manager, Corporate Communications (804) 484-7737
More informationEchelon Insurance Reports First Quarter Results. Net operating income of $0.17 per share compared to $0.30 in the first quarter of 2014.
Echelon Insurance Reports First Quarter Results TORONTO, May 6, 2015 - EGI Financial Holdings Inc. ( Echelon Insurance, Echelon or the Company ) (TSX: EFH), which operates in the property and casualty
More informationFOSSIL GROUP, INC. REPORTS THIRD QUARTER 2014 RESULTS. Third Quarter Net Sales Increase 10% to $894 Million; Diluted EPS Increases 24% to $1.
FOSSIL GROUP, INC. REPORTS THIRD QUARTER RESULTS Third Quarter Net Sales Increase 10% to $894 Million; Diluted EPS Increases 24% to $1.96 Updates Full Year Guidance and Provides Fourth Quarter Guidance
More informationLIVE NATION ENTERTAINMENT REPORTS SECOND QUARTER 2010 FINANCIAL RESULTS
FOR IMMEDIATE RELEASE DRAFT (change letterhead to lne) FOR IMMEDIATE RELEASE LIVE NATION ENTERTAINMENT REPORTS SECOND QUARTER 2010 FINANCIAL RESULTS - Results for the second quarter of 2010 in line with
More informationFor Immediate Release Toronto Stock Exchange Symbol: RC
For Immediate Release Toronto Stock Exchange Symbol: RC RDM Corporation Reports Third Quarter Financial Results Payment Processing Services Revenue grows 15% year over year WATERLOO, ON, July 26, 2012
More informationDHI GROUP, INC. FORM 8-K. (Current report filing) Filed 01/29/15 for the Period Ending 01/29/15
DHI GROUP, INC. FORM 8-K (Current report filing) Filed 01/29/15 for the Period Ending 01/29/15 Address 1040 AVENUE OF THE AMERICAS, 8TH FLOOR NEW YORK, NY 10018 Telephone 212-725-6550 CIK 0001393883 Symbol
More informationCATAMARAN CORPORATION ANNOUNCES RECORD FINANCIAL RESULTS FOR 2014 CATAMARAN TO ACQUIRE HEALTHCARE SOLUTIONS, INC.
CATAMARAN CORPORATION ANNOUNCES RECORD FINANCIAL RESULTS FOR 2014 CATAMARAN TO ACQUIRE HEALTHCARE SOLUTIONS, INC. Schaumburg, Illinois, February 26, 2015 - Catamaran Corporation ( Catamaran or the Company
More informationAltus Group Reports First Quarter Financial Results for 2015
Street Smart. World Wise. Altus Group Reports First Quarter Financial Results for 2015 Altus Group Delivers 14% Revenue Growth, Including 43% Increase in Recurring Revenues from GAIM Businesses TORONTO,
More informationCUSTOMERS BANCORP REPORTS RECORD NET INCOME FOR FULL YEAR AND FOURTH QUARTER 2015
Customers Bancorp 1015 Penn Avenue Wyomissing, PA 19610 Contacts: Jay Sidhu, Chairman & CEO 610-935-8693 Richard Ehst, President & COO 610-917-3263 Investor Contact: Robert Wahlman, CFO 610-743-8074 CUSTOMERS
More informationACADIAN TIMBER CORP. REPORTS FIRST QUARTER RESULTS
News Release Investors, analysts and other interested parties can access Acadian Timber Corp. s 2012 First Quarter Results conference call via webcast on Wednesday, May 2, 2012 at 1:00 p.m. ET at www.acadiantimber.com
More informationTHIRD QUARTER 2015 RECORD RESULTS REPORTED BY AMPHENOL CORPORATION
Amphenol News Release World Headquarters 358 Hall Avenue P. O. Box 5030 Wallingford, CT 06492-7530 Telephone (203) 265-8900 FOR IMMEDIATE RELEASE For Further Information: Craig A. Lampo Senior Vice President
More informationHP Inc. Reports Hewlett-Packard Company Fiscal 2015 Full-Year and Fourth Quarter Results
HP Inc. 1501 Page Mill Road Palo Alto, CA 94304 hp.com News Release HP Inc. Reports Hewlett-Packard Company Fiscal 2015 Full-Year and Fourth Quarter Results Editorial contacts HP Inc. Media Relations MediaRelations@hp.com
More informationCOTT ANNOUNCES FIRST QUARTER 2012 RESULTS AND SHARE REPURCHASE PROGRAM FOR UP TO $35 MILLION IN COMMON SHARES
CONTACT: Michael C. Massi Investor Relations Tel: (813) 313-1786 Investor.relations@cott.com COTT ANNOUNCES FIRST QUARTER 2012 RESULTS AND SHARE REPURCHASE PROGRAM FOR UP TO $35 MILLION IN COMMON SHARES
More informationWaste Management Announces Second Quarter Earnings
FOR IMMEDIATE RELEASE Waste Management Announces Second Quarter Earnings Collection and Disposal Income from Operations Grows 3.4% HOUSTON July 26, 2012 Waste Management, Inc. (NYSE: WM) today announced
More informationPrologis Announces Fourth Quarter and Full Year 2013 Earnings Results
January 30, 2014 Prologis Announces Fourth Quarter and Full Year 2013 Earnings Results - Leased record 43.7 million square feet in Q4 and 152 million square feet in 2013 - - Occupancy increased to 95.1
More informationPerformance Food Group Company Reports Second-Quarter and First-Half Fiscal 2016 Results; Reaffirms Full-Year Fiscal 2016 Adjusted EBITDA Outlook
NEWS RELEASE For Immediate Release February 3, 2016 Investors: Michael D. Neese VP, Investor Relations (804) 287-8126 michael.neese@pfgc.com Media: Joe Vagi Manager, Corporate Communications (804) 484-7737
More informationSierra Wireless Reports Second Quarter 2015 Results
Sierra Wireless Reports Second Quarter 2015 Results Q2 2015 revenue of $158 million; 17% year-over-year growth Record revenue of $158.0 million, an increase of 17.0% compared to Q2 2014 Non-GAAP earnings
More informationSANDVINE REPORTS Q3 2015 RESULTS
PRESS RELEASE SANDVINE REPORTS Q3 2015 RESULTS Waterloo, Canada; October 8, 2015 Sandvine, (TSX:SVC) a leading provider of intelligent network policy control solutions for fixed and mobile operators, today
More informationN E W S R E L E A S E
N E W S R E L E A S E FOR IMMEDIATE RELEASE Contact: Steven E. Nielsen, President and CEO H. Andrew DeFerrari, Senior Vice President and CFO (561) 627-7171 DYCOM INDUSTRIES, INC. ANNOUNCES FISCAL 2016
More information(800) 438-0349 (415) 501-3317 LEVI STRAUSS & CO. ANNOUNCES SECOND-QUARTER 2010 FINANCIAL RESULTS
FOR IMMEDIATE RELEASE Investor Contact: Roger Fleischmann Media Contact: Jeff Beckman Levi Strauss & Co. Levi Strauss & Co. (800) 438-0349 (415) 501-3317 rfleischmann@levi.com jbeckman@levi.com LEVI STRAUSS
More informationBengal Energy Fourth Quarter and Fiscal 2016 Year End Results
June 17, 2016 Bengal Energy Fourth Quarter and Fiscal 2016 Year End Results Calgary, Alberta Bengal Energy Ltd. (TSX: BNG) ( Bengal or the Company ) today announces its financial and operating results
More information- Company Also Expects Leverage Ratio to Drop Below 6x by the End of Fiscal 2016 and Below 5x by the End of Fiscal 2017 -
Performance Sports Group Expects Working Capital and Profitability Improvement Initiatives to Reduce Debt by Approximately $40 Million in the Second Half of Fiscal 2016 - Company Also Expects Leverage
More informationSUMMARY OF RESULTS (Unaudited, in millions of Canadian dollars, except per share amounts)
Trades under the symbol (TSX): PJC.A Press release For immediate release THE JEAN COUTU GROUP THIRD QUARTER OF FISCAL YEAR 2012 RESULTS Net profit per share amounted to $0.23 compared with $0.21 during
More informationMonster Worldwide Reports Third Quarter 2015 Results
Monster Worldwide Reports Third Quarter 2015 Results Third Quarter Financial Highlights: o Company Exceeds Expectations on All Profitability Metrics For the 5th Consecutive Quarter Adjusted EBITDA Including
More information2004 THIRD QUARTER REPORT TO UNITHOLDERS
2004 THIRD QUARTER REPORT TO UNITHOLDERS Report to Unitholders The North West Company Fund reports third quarter earnings to October 30, 2004 of $11.0 million, an increase of 3.2% compared to last year
More informationBlackBerry Reports Strong Software Revenue and Positive Cash Flow for the Fiscal 2016 First Quarter
FOR IMMEDIATE RELEASE June 23, BlackBerry Reports Strong Software Revenue and Positive Cash Flow for the Fiscal 2016 First Quarter Waterloo, ON BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global leader
More informationnews CTS CORPORATION Elkhart, Indiana 46514 574-523-3800
- news CTS CORPORATION Elkhart, Indiana 46514 574-523-3800 FOR RELEASE: Immediately October 26, 2015 CTS ANNOUNCES THIRD QUARTER 2015 RESULTS Delivers solid operating results despite soft sales Addressing
More informationEDWARDS LIFESCIENCES REPORTS STRONG FIRST QUARTER RESULTS DRIVEN BY SALES GROWTH OF 18.8 PERCENT
Edwards Lifesciences Corporation One Edwards Way Irvine, CA USA 92614 Phone: 949.250.2500 Fax: 949.250.2525 www.edwards.com FOR IMMEDIATE RELEASE Media Contact: Amanda C. Fowler, 949-250-5070 Investor
More informationManagement Commentary. Second Quarter 2015 Results
Management Commentary Second Quarter 2015 Results The RetailMeNot, Inc. ( RetailMeNot ) earnings call will begin on August 5, 2015 at 7:00am central time (8:00am eastern time) and will include prepared
More informationForward-Looking Statements
MANAGEMENT S DISCUSSION AND ANALYSIS For the three months ended March 31, 2010 Dated May 21, 2010 Management's Discussion and Analysis ( MD&A ) is intended to help shareholders, analysts and other readers
More informationUnaudited Condensed Interim Financial Statements of H&R FINANCE TRUST
Unaudited Condensed Interim Financial Statements of H&R FINANCE TRUST For the three months ended March 31, 2012 and 2011 H&R FINANCE TRUST Condensed Interim Statement of Financial Position (In thousands
More informationBlackBerry Reports Software and Services Growth of 106 Percent for Q4 and 113 Percent for Fiscal 2016
April 1, FOR IMMEDIATE RELEASE BlackBerry Reports Software and Services Growth of 106 Percent for Q4 and 113 Percent for Fiscal Company reports positive free cash flow for eighth consecutive quarter and
More informationTHE WALT DISNEY COMPANY REPORTS RECORD QUARTERLY EARNINGS FOR THE FIRST QUARTER OF FISCAL 2016
FOR IMMEDIATE RELEASE February 9, THE WALT DISNEY COMPANY REPORTS RECORD QUARTERLY EARNINGS FOR THE FIRST QUARTER OF FISCAL Global success of Star Wars: The Force Awakens drove record quarterly operating
More informationGarmin Reports Best Quarter and Best Year in Company History, Announces Share Repurchase Program, Offers 2008 Guidance
INVESTOR CONTACT: Polly Schwerdt Phone 913/397-8200 E-Mail investor.relations@garmin.com MEDIA CONTACT: Ted Gartner Phone 913/397-8200 E-Mail media.relations@garmin.com Garmin Reports Best Quarter and
More informationSyncordia Technologies and Healthcare Solutions, Corp. Reports Second Quarter Fiscal 2016 Results
Syncordia Technologies and Healthcare Solutions, Corp. Reports Second Quarter Fiscal 2016 Results - Sequential growth of Revenue and Adjusted EBITDA of 15% and 10%, respectively Toronto, Ontario. November
More informationContact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935
For Immediate Release Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 ken.bond@oracle.com deborah.hellinger@oracle.com ORACLE
More informationTerritorial Bancorp Inc. Announces 2015 Results
PRESS RELEASE FOR IMMEDIATE RELEASE Contact: Walter Ida (808) 946-1400 Territorial Bancorp Inc. Announces 2015 Results Fully diluted earnings per share for the three months ended December 31, 2015 rose
More informationEnbridge Income Fund Holdings Inc. Announces Second Quarter Results; Declares Monthly Dividend
NEWS RELEASE Enbridge Income Fund Holdings Inc. Announces Second Quarter Results; Declares Monthly Dividend HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars) Earnings for the second
More informationDST SYSTEMS, INC. ANNOUNCES THIRD QUARTER 2015 FINANCIAL RESULTS
ANNOUNCES THIRD QUARTER 2015 FINANCIAL RESULTS KANSAS CITY, MO - October 22, 2015 DST Systems, Inc. (NYSE: DST) reported consolidated net income of $75.1 million ($2.08 per diluted share) for the third
More informationAastra Technologies Limited First Quarter ended March 31, 2003
Aastra Technologies Limited First Quarter ended March 31, 2003 AASTRA TECHNOLOGIES LIMITED MESSAGE TO OUR SHAREHOLDERS First Quarter ended March 31, 2003 To our Shareholders: Aastra Technologies Limited
More informationAPX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2015 RESULTS
APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2015 RESULTS First Quarter 2015 Financial and Portfolio Highlights APX Group Reports Total Revenue of $149.9 Million, up 14.9% Year over Year Adjusted EBITDA
More informationW.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9
W.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9 News Release GRAINGER REPORTS RESULTS FOR THE 2015 FIRST QUARTER Revises 2015 Guidance Quarterly Summary Sales of $2.4 billion, up 2 percent Operating
More informationBLACKBERRY REPORTS THIRD QUARTER RESULTS FOR FISCAL 2014
NEWS RELEASE FOR IMMEDIATE RELEASE December 20, 2013 BLACKBERRY REPORTS THIRD QUARTER RESULTS FOR FISCAL 2014 Waterloo, ON BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global leader in wireless innovation,
More informationFOR IMMEDIATE RELEASE
FOR IMMEDIATE RELEASE O-I REPORTS FULL YEAR AND FOURTH QUARTER 2014 RESULTS O-I generates second highest free cash flow in the Company s history PERRYSBURG, Ohio (February 2, 2015) Owens-Illinois, Inc.
More informationFor Immediate Release
For Immediate Release BRAMPTON BRICK REPORTS RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2014 (All amounts are stated in thousands of Canadian dollars, except per share amounts.) BRAMPTON,
More informationEQUITY OFFICE ANNOUNCES FIRST QUARTER 2004 RESULTS
Two North Riverside Plaza, Suite 2100 Chicago, Illinois 60606 phone 312.466.3300 fax 312.454.0332 www.equityoffice.com Equity Office (Investors/Analysts): Diane Morefield 312.466.3286 Equity Office (Media):
More informationN E W S R E L E A S E
N E W S R E L E A S E Investors: Brett Manderfeld John S. Penshorn Media: Don Nathan Tyler Mason Vice President Senior Vice President Senior Vice President Vice President 952-936-7216 952-936-7214 952-936-1885
More informationSapiens results in the first quarter represent a solid start to achieving our financial targets for the full year.
Sapiens Reports 12% Year-Over-Year Increase in Quarterly Revenue to $41 Million Non-GAAP Quarterly Operating Profit Increased by 58.5% Year-Over-Year Holon, Israel, May 6, 2015 Sapiens International Corporation,
More informationTOUCHSTONE ANNOUNCES 2015 THIRD QUARTER RESULTS AND ELIMINATION OF NET DEBT; UPDATES TRINIDAD ACQUISITION
TOUCHSTONE ANNOUNCES 2015 THIRD QUARTER RESULTS AND ELIMINATION OF NET DEBT; UPDATES TRINIDAD ACQUISITION Calgary, Alberta November 13, 2015 Touchstone Exploration Inc. ( Touchstone or the Company ) (TSX:
More informationADP Reports Third Quarter Fiscal 2014 Results
April 30, 2014 ADP Reports Third Quarter Fiscal 2014 Results Revenues Rise 7%, Nearly all Organic, to $3.3 Billion for the Quarter; EPS Rises 7% ROSELAND, N.J., April 30, 2014 (GLOBE NEWSWIRE) -- ADP (Nasdaq:ADP),
More informationMicrosoft Cloud and Hardware Results Drives Fourth Quarter Performance
Microsoft Cloud and Hardware Results Drives Fourth Quarter Performance Commercial cloud annualized revenue run rate now exceeds $8 billion; Computing and Gaming Hardware, including Xbox and Surface, deliver
More informationSpectra Energy Reports First Quarter 2012 Results
Media: Analysts: Wendy Olson (713) 627-4072 (713) 627-4747 (24-hour media line) John Arensdorf (713) 627-4600 Date: May 4, 2012 Spectra Energy Reports First Quarter 2012 Results Reported net income from
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period
More informationN E W S R E L E A S E
N E W S R E L E A S E Corporate Headquarters 96 South George Street York, Pennsylvania 17401 U.S.A. www.glatfelter.com For Immediate Release Contacts: Investors: Media: John P. Jacunski William T. Yanavitch
More informationWILLIAMS-SONOMA, INC.
WILLIAMS-SONOMA, INC. 3250 Van Ness Avenue San Francisco, CA 94109 CONT: Julie P. Whalen EVP, Chief Financial Officer (415) 616-8524 Gabrielle L. Rabinovitch Vice President, Investor Relations (415) 616-7727
More information1 of 15 17/07/2014 10:22
1 of 15 17/07/ 10:22 Print Page Close Window SanDisk Announces Second Quarter Results Delivers Record Second Quarter Revenue, Gross Margin and Net Income MILPITAS, Calif.--(BUSINESS WIRE)--Jul. 16, --
More informationBrookfield Property Partners Offer to Purchase Any or All Issued and Outstanding Common Shares of Brookfield Office Properties Inc.
Brookfield Property Partners Offer to Purchase Any or All Issued and Outstanding Common Shares of Brookfield Office Properties Inc. Shareholder Q&A Brookfield Property Partners L.P. ( Brookfield Property
More informationDATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014
For Immediate Release DATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014 HIGHLIGHTS Q1 2014 First quarter 2014 ( Q1 ) Revenues of 77.9 million, Q1 Gross Profit of 18.8 million and Q1 Net Income of
More informationSilicon Motion Announces Results for the Period Ended December 31, 2015
Silicon Motion Announces Results for the Period Ended December 31, 2015 NEWS RELEASE Financial Highlights Net sales increased 3% quarter-over-quarter to US$98.0 million from US$95.4 million in 3Q15 Gross
More information