q4 Horizon North Logistics Inc. (HNL-T) reported fourth-quarter revenue of $82.7-million up from $60.4-million for the same quarter a year earlier. Analysts were expecting revenue of $78.6-million in the most recent quarter. Its loss was $3.9-million or 3 cents per share, which was in line with expectations and compared to a loss of $7.2-million or 5 cents a year earlier.
Horizon North also plans to buy Shelter Modular Inc., a full-service modular construction provider based in Aldergrove, B.C. for $4.75-million, payable in a mix of common shares of Horizon North and assumption of existing debt.