The Mississauga-based company reported revenue of $688.2-million, up 28.3 per cent year-over-year and above the consensus forecast of $604.1-million. Adjusted EBITDA jumped 50.4 per cent to $24.2-million and adjusted earnings per share soared 100.2 per cent to 20 cents, which also easily blew past expectations $23.5-million and17 cents, respectively).
“The loan sale... is an important first step for management to restore credibility as the team looks to improve profitability,” analysts at Jefferies wrote in a note. The company formerly known as SNC-Lavalin Group Inc. says the profit amounted to 26 cents per diluted share for the quarter ended March 31, up from a profit of $28.4-million or 16 cents per diluted share a year earlier.AtkinsRealis says its adjusted profit from its professional services and project management operations amounted to 42 cents per diluted share, up from an adjusted profit of 32 cents per diluted share a year earlier.
The Montreal-based dairy processor says the transition will take effect Aug. 9, the date of the company’s annual general meeting. “Continuing mild weather and the resulting low demand environment have impacted demand into 2Q. Coupled with tough comps, this has made it challenging to deliver SSSG in the quarter to date . While BYD expects demand to normalize through the summer driving season, it is prepared to address the challenges should softer demand persists.
Boeing failed to make changes to prevent it from violating federal anti-fraud laws — a condition of the the 2021 settlement, Glenn Leon, the head of the fraud section of the Justice Department’s criminal division said in a letter.
Source: News Formal (newsformal.com)
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