Information Services Corporation
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ISC Announces Annual Guidance and Outlook for 2026
Globenewswire· 2026-02-04 23:14
Core Viewpoint - Information Services Corporation (ISC) has announced its annual guidance and outlook for 2026, projecting revenue growth and adjusted EBITDA increases as part of its growth plan to double the company's size by 2028 [1][3]. Financial Guidance - For 2026, ISC expects revenue to be in the range of CAD 273.0 million to CAD 283.0 million, compared to CAD 257.0 million to CAD 267.0 million in 2025 [2]. - Adjusted EBITDA for 2026 is projected to be between CAD 100.0 million and CAD 107.0 million, up from CAD 89.0 million to CAD 97.0 million in 2025 [2]. Growth Outlook - The company anticipates continued organic growth in line with historical trends, driven by a strong Saskatchewan economy and a buoyant residential real estate market, particularly in the Registry Operations segment [5][6]. - Revenue growth in the Services segment is expected from organic growth in Regulatory and Recovery Solutions divisions, with new customer onboarding contributing significantly [6]. - Technology Solutions is projected to see revenue growth from third-party contracts and enhancements to Saskatchewan Registries [7]. Performance Expectations - Preliminary unaudited results for 2025 indicate that adjusted EBITDA is expected to exceed the top end of the 2025 guidance range by approximately 5%, largely due to increased high-value registrations in December 2025 [4]. - ISC expects robust free cash flow in 2026, which will support balance-sheet deleveraging and help achieve a long-term net leverage target of 2.0x to 2.5x by mid-2026 [8]. Strategic Review Update - The Board of Directors is conducting a Strategic Review to explore opportunities for maximizing shareholder value, which may include asset divestments, acquisitions, or a potential sale of the company [9][11]. - The Special Committee is advancing its work with urgency to explore all potential outcomes before making a recommendation to the Board [11].
ISC a Saskatchewan Top Employer for 18th Year
Globenewswire· 2026-02-03 13:00
ISC celebrates 18 consecutive years as one of Saskatchewan’s Top Employers, highlighting its dedication to fostering an exceptional workplace.Key initiatives include supporting employee mental health and well-being through flexible work options, development opportunities and comprehensive employee supports.This recognition reflects ISC’s people-first approach, emphasizing employee well-being, career development and work-life balance. REGINA, Saskatchewan, Feb. 03, 2026 (GLOBE NEWSWIRE) -- For the 18th conse ...
ISC Earns Great Place To Work Certification™
Globenewswire· 2025-11-06 13:34
Core Insights - Information Services Corporation (ISC) and its subsidiaries have been certified by Great Place To Work Canada and Great Place To Work Ireland, highlighting the company's strong workplace culture and employee experience [1][2][7] Group 1: Certification and Recognition - The Great Place To Work Certification™ is based on employee feedback and measures an organization's Trust Index score, with ISC exceeding the required benchmark [2][3] - This certification reflects ISC's commitment to collaboration, diversity, and creativity, which are fundamental to its success [2][4] Group 2: Workplace Culture - ISC's workplace culture emphasizes values such as gender and race inclusivity, management's honesty, and community contributions, fostering a sense of pride among employees [4][5] - The company has also been recognized as a 2025 Saskatchewan Top Employer for the 17th consecutive year, reinforcing its reputation as a global market leader [5] Group 3: Company Overview - ISC is a leading provider of registry and information management services for public data and records, focusing on sustaining its core business while exploring new growth opportunities [6]
ISC Reports Financial Results for the Third Quarter Of 2025
Globenewswire· 2025-11-05 01:06
Core Insights - The company reported strong financial results for Q3 2025, driven by robust performance in its Saskatchewan Registry Operations and a resilient Services segment [2][4][5] - The company is on track to achieve its net leverage target range of 2.0x to 2.5x by 2026, reinforcing its disciplined capital management approach [2][4][9] - The 2025 guidance has been reaffirmed, with adjusted EBITDA expected to be at the middle to higher end of the range [2][4][18] Financial Performance - Total revenue for Q3 2025 was $65.6 million, an increase of 8% from $60.9 million in Q3 2024, primarily driven by the Saskatchewan Registries division [5][14] - Net income for the quarter was $8.5 million, or $0.46 per basic share, compared to $4.2 million, or $0.23 per basic share in Q3 2024 [5][14] - Adjusted EBITDA for Q3 2025 was $27.6 million, up from $22.7 million in Q3 2024, with an adjusted EBITDA margin of 42%, compared to 37.3% in the prior year [5][10][14] Segment Performance - Registry Operations revenue was $36.5 million, a 15% increase compared to Q3 2024, with significant contributions from the Land Registry due to rising real estate values and transaction volumes [5][14] - Services segment revenue was $26.4 million, up 3% from Q3 2024, with growth in Regulatory Solutions and Recovery Solutions [5][14] - Technology Solutions revenue was $8.4 million, a 2% increase compared to Q3 2024, although some projects have been delayed into 2026 [5][14][17] Cash Flow and Debt Management - Net cash flow from operating activities was $22.6 million for Q3 2025, an increase of $8.4 million compared to Q3 2024 [5][14] - The company made voluntary prepayments of $16.0 million towards its Credit Facility during the quarter, part of its strategy to deleverage [9][14] - As of September 30, 2025, the company had total debt of $168.1 million and a net leverage ratio of 2.55x, down from 2.90x at the end of 2024 [9][42] Strategic Initiatives - The company is conducting a strategic review to explore opportunities for maximizing shareholder value, which may include asset divestments or acquisitions [19][20] - The Board has established a Special Committee to oversee the strategic review process [19][20]
ISC and MacKenzie Art Gallery Expand Partnership With Sharing the MacKenzie Community Program
Globenewswire· 2025-10-20 14:30
Core Points - ISC announces an expanded annual partnership with the MacKenzie Art Gallery to support the Sharing the MacKenzie community program [1][3] - The partnership includes an annual investment of $25,000 from ISC to provide complimentary membership benefits to individuals and organizations facing barriers [2][5] - The program aims to enhance accessibility to art and cultural experiences for the community, fostering creativity and learning [3][5] Company Overview - ISC is a leading provider of registry and information management services for public data and records, headquartered in Canada [4] - The company focuses on sustaining its core business while pursuing new growth opportunities, with its Class A Shares trading on the Toronto Stock Exchange under the symbol ISC [4]
ISC to Release 2025 Third Quarter Financial Results on November 4, 2025
Globenewswire· 2025-10-14 20:57
Core Viewpoint - Information Services Corporation (ISC) will release its financial results for the third quarter ended September 30, 2025, on November 4, 2025, after market close [1] Financial Results Announcement - ISC's Unaudited Condensed Consolidated Interim Financial Statements and Notes, along with Management's Discussion and Analysis for the third quarter, will be available on SEDAR+ and ISC's website [1] - An investor conference call is scheduled for November 5, 2025, at 11:00 a.m. ET to discuss the results [2] Participation Details - Participants are encouraged to join the call 10 minutes early and can access a replay of the webcast approximately 24 hours after the event on ISC's website [3] Company Overview - ISC is a leading provider of registry and information management services for public data and records, focusing on sustaining its core business while pursuing new growth opportunities [4] - The Class A Shares of ISC trade on the Toronto Stock Exchange under the symbol ISC [4]
ISC Sets the Record Straight on Its Strategic Review
Globenewswire· 2025-09-11 12:00
Core Viewpoint - The Company is conducting a Strategic Review aimed at enhancing shareholder value, despite mischaracterizations from Plantro regarding the process [1][2][6]. Group 1: Strategic Review - The Strategic Review was initiated by the Company's Board of Directors with support from its largest shareholder, Crown Investments Corporation of Saskatchewan [6]. - The Company confirms that Plantro's assertion that its actions prompted the Strategic Review is inaccurate [6]. - The Company appreciates Plantro's support for the Strategic Review and the withdrawal of its requisition for a special meeting of shareholders, allowing for an uninterrupted process [1][6]. Group 2: Commitment to Shareholder Value - The Company remains committed to a comprehensive and independent process focused on disciplined growth, operational excellence, and potential portfolio optimization [2]. - There is no assurance that the Strategic Review will lead to a transaction, nor can the terms, timing, or completion of any potential transaction be guaranteed [2][3]. Group 3: Company Overview - ISC is a leading provider of registry and information management services for public data and records, focused on sustaining its core business while pursuing new growth opportunities [5].
ISC Signs Agreement With Government of Ontario to Deliver New Digital Records System for Property Information
Globenewswire· 2025-08-18 21:03
Core Viewpoint - Information Services Corporation (ISC) has entered into an agreement with Ontario's Ministry of Environment, Conservation and Parks (MECP) to develop a new digital records system aimed at improving access to environmental property information across Ontario [1][2]. Group 1: Project Overview - The project is part of MECP's Modernization of Property Information (MPI) Program, which focuses on enhancing access to environmental property information [1]. - ISC will develop and operate the digital records system under an initial nine-year term, with options for extension at the Government's discretion [2][8]. - The system will digitize and redact millions of legacy property records, including system design, security, privacy frameworks, quality assurance, and ongoing support [2][5]. Group 2: Benefits and Impact - The initiative is expected to improve response times for environmental property information requests related to soil, water, and contamination, facilitating land transactions and supporting land development decisions [3]. - The Ontario government processes over 9,000 property-related information requests annually, supporting land transactions valued at more than $40 billion [4]. - The new digital portal will provide 24/7 self-service access to environmental property records, significantly reducing wait times from approximately 30 days to as little as 3 days [4][8]. Group 3: Implementation Timeline - Implementation of the system is set to begin in August 2025, with an anticipated launch in 2027 [4][8].
ISC Extends Credit Facility
Globenewswire· 2025-07-31 11:00
Core Points - The Company has extended its secured syndicated credit facility to July 2029, providing additional financial flexibility [2][6] - The total amount available under the Credit Facility remains at $250 million, with an increased accordion option of $150 million, allowing for a potential total of $400 million [2][6] - As of June 30, 2025, $155 million was drawn under the Credit Facility, and the Company aims to achieve a target leverage ratio of 2.0x – 2.5x [3] Financial Structure - The Credit Facility has been simplified by consolidating two existing tranches into a single facility of $250 million with improved pricing [2] - The Credit Facility is available for financing permitted acquisitions, capital expenditures, and general corporate purposes [3] Company Overview - The Company is a leading provider of registry and information management services for public data and records, focusing on sustaining its core business while pursuing new growth opportunities [4]
ISC Reports Financial Results for the Second Quarter of 2025
Globenewswire· 2025-07-31 00:26
Core Insights - The company reported stable financial performance for Q2 2025, with a diversified business model contributing to resilience despite challenges [2][4] - Revenue for the quarter was $67.3 million, a slight decrease of 1% compared to $67.8 million in Q2 2024, with Registry Operations showing growth while Services experienced a decline [5][18] - Net income was $5.9 million or $0.32 per share, down from $10.3 million or $0.57 per share in the same quarter last year [5][18] - Adjusted net income increased to $15.1 million or $0.81 per share, compared to $14.1 million or $0.78 per share in Q2 2024, reflecting steady adjusted EBITDA results [5][18] - The company maintained a strong adjusted EBITDA of $26.7 million, consistent with the previous year, resulting in an adjusted EBITDA margin of 40% [5][18] Financial Performance - Total revenue for Q2 2025 was $67.3 million, with Registry Operations revenue at $35.4 million (up 3% YoY) and Services revenue at $29.8 million (down 4% YoY) [5][18] - The Land Registry revenue was $23.2 million, slightly down from $23.6 million in Q2 2024, while Recovery Solutions revenue increased to $4.4 million from $3.8 million [18] - Total expenses rose to $54.9 million from $47.6 million in Q2 2024, impacting net income [5][18] Cash Flow and Debt Management - Net cash flow from operating activities was $22.9 million, a decrease of $1.3 million from Q2 2024 [5][18] - Adjusted free cash flow improved to $21.0 million from $15.7 million in the previous year, supported by steady adjusted EBITDA and lower interest payments [5][18] - The company made voluntary prepayments of $15.0 million towards its Credit Facility, aiming for a long-term net leverage target of 2.0x – 2.5x [5][10] Future Outlook - The company anticipates continued organic growth in 2025, with revenue expected to range between $257.0 million and $267.0 million and adjusted EBITDA between $89.0 million and $97.0 million [17] - Registry Operations is projected to see annual growth of 2% to 3% in transaction volumes, supported by a declining interest rate environment [14] - Growth in the Regulatory Solutions division is expected to continue, alongside strong performance in Recovery Solutions, despite potential headwinds from market changes [15]