Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Pet Valu Holdings Ltd. (PET-T) reported same-store sales growth came in at 16.7 per cent for its fourth quarter ended Jan. 1 and increased its dividend.
Revenue was $223.1-million, up 9.7 per cent, compared to $203.4-million in the fourth quarter last year and ahead of expectations of $213.8-million. The comparative quarter includes $15.4-million of revenue from a 14th week, the company said. “The increase in revenue was driven by growth in retail sales, as well as franchise and other revenues,” it stated.
Net income was $26.7-million, up from $13.8 million in the prior year. Adjusted net income increased to $29.3-million or 41 cents per share from $17.3-million or 31 cents a year earlier. The expectation was for adjusted EPS of 37 cents per share.
The company increased its quarterly dividend to 6 cents per share up from a penny per share, which was initiated late last year.
In its outlook, the company said it expects revenue between $845-million and $870-million, supported by same-store sales growth between 6 per cent and 9 per cent and 30 to 45 new store openings.
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Crew Energy Inc. (CR-T) reported sales of $103.2-million up from $42.6-million a year earlier.
Net income of $50.9-million or 31 cents per share compared to $34.7-million or 22 cents a year earlier.
Adjusted funds flow was $46.8-million or 29 cents versus $15.6-million or 10 cents a year earlier. The expectation was for adjusted FFO of 26 cents in the latest quarter.
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Stella-Jones Inc. (SJ-T) increased its quarterly dividend and reported fourth-quarter earnings that beat Street expectations.
The company reported sales of $545-million, up from sales of $533-million for the same period in 2020 and ahead of expectations of $497.6-million.
Net income was $22-million or 34 cents per share, compared to net income of $34-million or 52 cents per share a year earlier. The expectation was for earnings of 31 cents in the latest quarter.
The company also declared a dividend of 20 cents per share, an increase of 11 per cent over the previous quarterly dividend.
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Reliq Health Technologies Inc. (RHT-X) announced that it has signed new contracts in Nevada with a primary care organization that includes six clinics, and with a maxillofacial surgery practice.
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American Hotel Income Properties REIT LP (HOT-UN-T) reported revenue of US$62.6-million in its fourth quarter, which was in line with expectations and compared to US$39.4-million a year earlier.
Its net loss for the quarter was US$14.1-million, compared to a loss of US$20.9-million for the same period in 2020.
Funds from operations increased to US$6-million or 7 cents per unit from US$5.2-million or 7 cents a year earlier.
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Canada Nickel Company Inc. (CNC-X) announced a $25-million bought-deal financing. The company said it has an agreement for the financing with Red Cloud Securities Inc. to act as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters that includes Clarksons Platou Securities AS.
“This financing provides us the flexibility to remain well-funded with a broader base of institutional shareholders to support the company as we continue to aggressively advance the Crawford Nickel Sulphide Project,” stated CEO Mark Selby.
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Ascend Wellness Holdings, Inc. (AWH-CN) reported fourth-quarter revenue increased to US$88.5-million from US$54.3-million a year earlier.
Its net loss of US$16.5-million or 10 cents per share compared to a net loss of US$7.5-million or 7 cents a year earlier.
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Bird Construction Inc. (BDT-T) reported construction revenue of $597.8-million in the fourth quarter compared to $555-million a year ago. The expectation was for revenue of $639.7-million, according to S&P Capital IQ.
Net income of $9.9-million or 18 cents per share compared to $20.5-million or 39 cents a year earlier. Adjusted EPS was 24 cents, ahead of expectations of 23 cents and compared to 41 cents a year earlier.
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Richards Packaging Income Fund (RPI.UN-T) announced a special cash distribution of 69 cents per unit for the unitholders and exchangeable shareholders of record at the close of business on March 16, payable on March 18.
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Minto Apartment Real Estate Investment Trust (MI.UN-T) reported revenue of $32.4-million, an increase of 4.8 per cent from a year earlier and ahead of expectations of $31.4-million.
Funds from operations increased by 10 per cent to $13.2-million compared to $12-million a year earlier. Adjusted FFO came in at $11.7-million or 19 cents, head of expectations of 17 cents and compared to $10.5-million or 18 cents a year earlier.
Net income was $24.9-million up from $23-million a year earlier.
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AirBoss of America Corp. (BOS-T) reported fourth-quarter sales increased 88 per cent to US$249.1-million versus US$132.2-million a year ago. The expectation was for revenue of US$254.8-million, according to S&P Capital IQ.
Profit of US$15.2-million or 53 US cents per share compared to a profit of US$15.9-million or 59 US cents a year earlier. Adjusted EPS came in at 55 US cents per share versus 59 US cents a year earlier. The expectation was for adjusted EPS of 44 US cents per share in the most recent quarter.
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Titanium Transportation Group Inc. (TTR-X) reported fourth-quarter revenue of $111.3-million, an increase of 69 per cent versus $65.9-million a year and ahead of expectations of $104.4-million.
Net income of $1.4-million or 4 cents per share compared to net income of $2.1-million or 6 cents a year earlier.
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