Big blow to next quarter results... Might be a good opportunity to get on board...
Surely a 15% drop Monday
«The company continues to assess the aggregate net impact of these unusual weather conditions on its business, operations, results and financial performance. Based on available information, the unfavourable financial impact of these weather events on 2021 adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) is currently estimated to be between $45-million and $55-million, which represents approximately 5 per cent to 6 per cent of 2019 adjusted EBITDA. The company has asserted force majeure and is assessing other potential mitigating options. The company anticipates providing a further update in connection with the release of its financial results for the year ended Dec. 31, 2020, which is scheduled to occur on March 4, 2021.
Q3 2020 financial highlights:
Revenues of $376.1-million, an increase of 3 per cent;
- Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $197.9-million, an increase of 6 per cent;
- Adjusted net earnings of $88.1-million, an increase of 27 per cent;
- Adjusted net earnings per share of 15 cents, an increase of 7 per cent, in each case on a year-over-year