Martinrea International Inc. Reports First Quarter Results and Declares Dividend
GlobeNewswire· 2025-05-01 21:01
Core Viewpoint - Martinrea International Inc. reported improved financial results for Q1 2025 compared to Q4 2024, driven by higher production sales and better margins, despite ongoing challenges from U.S. tariffs and weak demand for electric vehicle platforms [3][5]. Financial Performance - Total sales for Q1 2025 were $1,168.2 million, a decrease of $155.7 million or 11.8% from $1,323.9 million in Q1 2024 [10]. - Production sales were $1,125.7 million, with adjusted operating income of $61.9 million and an adjusted operating income margin of 5.3%, up 180 basis points from Q4 2024 [5][10]. - Net income for Q1 2025 was $17.5 million, down 60% from $43.7 million in Q1 2024, with diluted earnings per share of $0.24 [27][29]. - Adjusted net income decreased to $29.5 million or $0.41 per share, down 38.6% from $48.1 million or $0.62 per share in Q1 2024 [27][28]. Sales Breakdown - North America sales decreased by $78.9 million or 8.2% to $885.1 million, impacted by the end of certain programs and lower OEM production volumes [15]. - Europe sales fell by $78.7 million or 23.6% to $255.3 million, primarily due to lower OEM production volumes and a decrease in tooling sales [16]. - Sales in the Rest of the World increased by $2.0 million or 6.3% to $33.7 million, driven by new program launches [17]. Gross Margin and Costs - Gross margin for Q1 2025 was $151.6 million, representing 13.0% of total sales, consistent with Q1 2024 [19]. - The company experienced operational inefficiencies and lower contributions from sales volume, which offset improvements in productivity and efficiency [19][20]. New Business and Dividends - The company secured new business worth approximately $60 million in annualized sales, contributing to a total of $260 million in new business awards over the last four quarters [3][5]. - A quarterly cash dividend of $0.05 per share was declared, payable to shareholders on or about July 15, 2025 [29].
TWC Enterprises Limited Announces First Quarter 2025 Results and Eligible Dividend
GlobeNewswire· 2025-05-01 21:01
Core Insights - TWC Enterprises Limited reported a net earnings of $1,084,000 for the three months ended March 31, 2025, a significant improvement from a loss of $701,000 in the same period of 2024, driven by better performance in Highland Gate operations [8] - The company experienced a 37.6% decrease in operating revenue, totaling $40,764,000 in Q1 2025 compared to $65,346,000 in Q1 2024, primarily due to a decline in real estate sales [5][6] - Direct operating expenses also decreased by 46.4% to $32,631,000 in Q1 2025 from $60,889,000 in Q1 2024, reflecting the reduced costs associated with lower home sales [5] Financial Performance - Basic and diluted earnings per share increased to $0.04 in Q1 2025 from a loss of $0.03 per share in Q1 2024 [8] - Net operating income rose to $8,133,000 in Q1 2025, up from $4,457,000 in Q1 2024, with contributions from Canadian and U.S. golf club operations [6][8] - The Canadian golf club operations segment reported a net operating income of $3,332,000, slightly down from $3,554,000 in the previous year [6] Revenue Breakdown - Annual dues contributed $17,690,000 in Q1 2025, up from $17,507,000 in Q1 2024, while golf-related revenue remained stable [3] - Real estate sales saw a significant drop to $12,985,000 in Q1 2025 from $38,509,000 in Q1 2024, impacting overall revenue [3][5] - Other revenue streams, including food and beverage and corporate events, showed modest increases compared to the previous year [3] Operational Highlights - The company acquired Deer Creek, a major golf and event complex in Ontario, on February 3, 2025, which includes 45 holes of championship golf [4] - The lease of the National Pines Golf Club concluded on November 15, 2024, impacting the operational footprint [4] - The company operates 47 18-hole equivalent championship golf courses across Canada and Florida, maintaining its position as the largest golf club operator in Canada [13] Investment and Other Income - Interest, net and investment income decreased by 4.2% to $2,668,000 in Q1 2025 from $2,785,000 in Q1 2024, attributed to lower interest rates [7] - The company recorded unrealized losses of $6,352,000 on marketable securities as of March 31, 2025, compared to losses of $4,551,000 in the previous year [7] Dividend Announcement - TWC Enterprises Limited announced an eligible cash dividend of 9 cents per common share, scheduled for payment on June 16, 2025, to shareholders of record as of May 30, 2025 [12]
Endeavour Silver Completes Acquisition of Minera Kolpa
GlobeNewswire· 2025-05-01 21:00
Core Viewpoint - Endeavour Silver Corp. has successfully completed the acquisition of Compañia Minera Kolpa S.A. and its main asset, the Huachocolpa Uno Mine, for a total consideration of $145 million [1][2]. Acquisition Details - The acquisition includes $80 million in cash and $65 million in common shares, with potential additional contingent payments of up to $10 million [2]. - Endeavour will also assume approximately $20 million in net debt from Minera Kolpa [2]. Financing - The company closed a $35 million copper stream with Versamet Royalties Corporation to fund the cash component of the acquisition [3]. - Additionally, a $50 million bought deal equity financing was previously announced to support the acquisition [3]. About Kolpa Mine - The Huachocolpa Uno Mine has over 25 years of continuous production and currently operates at a capacity of 1,800 tonnes per day (tpd) [4]. - In 2024, the mine produced 2.0 million ounces of silver and in Q1 2025, it produced 567,269 ounces of silver [4]. - The mine is expected to expand its capacity to 2,500 tpd, with an environmental permit obtained for this expansion [5]. Capital Expenditures - Sustaining capital for the remainder of the year is estimated at $13 million, which includes various infrastructure projects [5]. - An $8 million exploration program is planned to further define and expand recent discoveries [6]. Company Overview - Endeavour Silver is a mid-tier precious metals company focused on sustainable mining practices, with operations in Mexico and Peru [7]. - The company aims to become a premier senior silver producer and has a portfolio of exploration projects in multiple countries [7].
Diversified Royalty Corp. Announces Additions to the Mr. Lube + Tires Royalty Pool, May 2025 Cash Dividend and Q1 2025 Earnings Release Date
GlobeNewswire· 2025-05-01 21:00
VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) and Mr. Lube Canada Limited Partnership (“Mr. Lube + Tires”) announced today that effective May 1, 2025 the Mr. Lube + Tires royalty pool (the “Mr. Lube + Tires Royalty Pool”) has been adjusted to include the royalties from six new flagship Mr. Lube + Tires locations and remove one flagship Mr. Lube + Tires location that has permanently closed. With the adjustment for ...
Volatus Announces Closing of Fully Subscribed LIFE Offering of $3,000,000
GlobeNewswire· 2025-05-01 21:00
Not for distribution to United States newswire services or for dissemination in the United States. TORONTO, May 01, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV:FLT) (OTCQX:TAKOF) (Frankfurt: ABB) (“Volatus” or the “Company”) is pleased to announce that it has closed its previously announced upsized and fully subscribed non-brokered listed issuer financing exemption (LIFE) private placement (the "LIFE Offering"). The Company issued 25,000,000 units of the Company ("Units") at a price of $0.12 per U ...
Precipio Announces Q1-2025 Shareholder Update Call
GlobeNewswire News Room· 2025-05-01 21:00
NEW HAVEN, Conn., May 01, 2025 (GLOBE NEWSWIRE) -- Specialty cancer diagnostics company Precipio, Inc. (NASDAQ: PRPO), will be hosting its Q1-2025 corporate update call on May 15th, 2025 at 5:00 PM ET. The call will include updates on all of the company's current core businesses. The conference call may be accessed by calling 844-695-5519 (international callers dial 1-412-902-6760). All callers should ask for the Precipio, Inc. conference call. Participants may also pre-register for the conference call to h ...
Premier Health Announces Results of Shareholders’ Meeting
GlobeNewswire· 2025-05-01 21:00
MONTRÉAL, May 01, 2025 (GLOBE NEWSWIRE) -- Premier Health of America Inc. (TSXV: PHA) (the "Corporation" or "Premier Health"), a leading Canadian Healthtech company, announces that all matters submitted to shareholders for approval were approved at its annual general meeting of shareholders held on April 30, 2025. All matters submitted to shareholders for approval as set out in detail in the Corporation's management Information Circular dated April 4, 2025, were approved at its annual general meeting of sha ...
Western Forest Products Amends and Extends $250 Million Credit Facility
GlobeNewswire· 2025-05-01 21:00
This press release contains statements that may constitute forward-looking statements under the applicable securities laws. Readers are cautioned against placing undue reliance on forward-looking statements. All statements herein, other than statements of historical fact, may be forward-looking statements and can be identified by references to future periods. Although such statements reflect management's current reasonable beliefs, expectations and assumptions, there can be no assurance that forward-looking ...
Swiss Water Conference Call Notification for 2025 First Quarter Results
GlobeNewswire· 2025-05-01 21:00
VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- Swiss Water Decaffeinated Coffee Inc. (TSX: SWP) ("Swiss Water" or "the Company"), a leading specialty coffee company and premium chemical free coffee decaffeinator, announced today that it will hold a conference call to discuss its financial results for the three months ended March 31, 2025, on Thursday, May 8, 2025, at 1:00 PM Pacific (4:00 pm Eastern). The call can be accessed by dialing, approximately five minutes before the call: A replay wi ...
Eldorado Gold Reports Solid First Quarter 2025 Financial and Operational Results; Skouries Progressing to Plan
GlobeNewswire· 2025-05-01 21:00
(All amounts expressed in U.S. dollars unless otherwise noted) VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation ("Eldorado", "Eldorado Gold" or "the Company") today reports the Company's financial and operational results for the first quarter of 2025. For further information please see the Company's Consolidated Financial Statements and Management's Discussion and Analysis ("MD&A") filed on SEDAR+ at www.sedarplus.com under the Company's profile. First Quarter 2025 Hig ...