Business
Decisive Dividend Corporation Reports Financial Results for the Quarter and Year Ended December 31, 2018
(via TheNewswire) April 25, 2019 / TheNewswire / Kelowna, British Columbi...
About this update from Decisive Dividend Corp.
[{"type":"text","content":"Decisive Dividend Corporation Reports Financial Results for the Quarter and Year Ended December 31, 2018(via TheNewswire)\n \n \nApril 25, 2019 / TheNewswire / Kelowna, British Columbia: Decisive Dividend Corporation (TSX-V: DE) (the \"Corporation\" or \"Decisive\") reported its financial results for the quarter and year ended December 31, 2018. All amounts are expressed in Canadian dollars. The Corporation's audited consolidated financial statements as well as its management's discussion and analysis (\"MD&A\") are posted on SEDAR and on Decisive's website.\n\n \n \nJames Paterson, Chief Executive Officer of Decisive, noted:\n\n \n \n \"Doubling the number of businesses within the organization during the year has added strength and resiliency to Decisive. The additions of Slimline and Hawk enabled Decisive to report significantly higher revenue in the fourth quarter of this year versus Q4 2017, which positioned the group to withstand a number of challenges that the organization faced during the quarter. Steel tariffs on Unicast's Chinese production negatively impacted its profitability, warm weather through the fall decreased demand for Blaze King's products, and production limits on Alberta oil and the resulting decrease in oil and gas activity limited sales in Hawk. Despite these headwinds, which have continued through the start of 2019, management is confident in the long-term prospects for each of its businesses and will continue with its strategy of acquiring successful manufacturing companies that provide steady and growing dividend payments to its shareholders. Since acquiring its first business in 2015, to the date of this release, Decisive has acquired four businesses and has paid over $8.5 million in dividends.\" \n\n \n \n2018 Annual Financial and Operating highlights:\n\n \n \n\n\nSales for the year ended December 31, 2018 were $38.0 million, up $14.5 million, or 62%, over the year ended December 31, 2017. \n\n\n\nGross profit for the year ended December 31, 2018 was $13.2 million, up $3.2 million, or 32%, over the year ended December 31, 2017. Gross profit percent declined to 35% for the year ended December 31, 2018, compared to 43% for the year ended December 31, 2017.\n\n\n\nAdjusted EBITDA* for the year ended December 31, 2018, as defined in the Corporation's MD&A, was $4.6 million, a $0.8 million increa...