Canam Group Posts a Net Income of $4.4M or $0.10 per Share for the First Quarter of 2015
, /CNW Telbec/ - (TSX: CAM) ("Canam Group" or the "Corporation") today published its financial results for the three-month period ended .
Highlights
- 29% increase in consolidated revenues compared to the same quarter in 2014
- 81% increase in earnings before interest, tax, depreciation and amortization (Adjusted
EBITDA) compared to the same quarter in 2014
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Quarters ended
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(in millions of $, except per share amounts)
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March 28,
2015
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March 29,
2014
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Revenues
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$ 309.1
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$ 239.3
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Selling and administrative expenses
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$ 24.2
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7.8%
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$ 21.8
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9.1%
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Adjusted EBITDA1
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$ 17.7
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5.7%
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$ 9.8
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4.1%
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Net income
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$ 4.4
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$ 0.5
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Net earnings per share (basic and diluted)
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$ 0.10
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$ 0.01
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1 Refer to the section entitled Non-IFRS measures
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"These results attest to the continuing recovery in U.S. non-residential construction markets, where we realize close to 68% of our sales, as well as to the quality of our order backlog," explains , President and Chief Executive Officer of .