Need to post it this way...... Anyway, results are great Second Quarter Financial Highlights
Revenue for the quarter was $84.7 million compared to $58.6 million in Q2 2019 which is an increase of 44.6%. The currency adjusted growth in revenue from comparable business units was 7.3%. This significant increase in revenue was due, in part, to the successful integration of acquisitions completed in previous quarters.
Earned $19.5 million in Adjusted EBITDA this quarter representing $0.654 per common share, an increase of 49.7% and 49.3% respectively over the same quarter last year.
Adjusted Net Earnings for the second quarter increased by 55.3% to $8.8 million from $5.7 million in same quarter last year. Adjusted Net Earnings Per Share for the second quarter increased 55.3% to $0.295 from $0.190 for the same period last year.
Balance sheet strengthened as a result of the recently completed $86.3 million Senior Unsecured Debenture Financing. Net proceeds from financing were used to pay down credit facility to approximately $100 million. With $34 million in cash on hand, this gives the Company $175 million in liquidity to pursue its growth objectives. At quarter end the Company's leverage ratio was 2.79 times. After closing the Debenture financing and paying down credit facility this leverage ratio was reduced to 1.5 times.