Business
Horizon North Logistics Inc. Announces Results For the Quarter Ended June 30, 2013
CALGARY, July 30, 2013 /CNW/ - TSX Symbol: HNL Horizon North Logistics Inc. ("Horizon" or...
About this update from Dexterra Group, Inc.
[{"type":"text","content":"\n\n\nCALGARY, July 30, 2013 /CNW/ - TSX Symbol: HNL\n\n\nHorizon North Logistics Inc. (\"Horizon\" or the \"Corporation\") reported\n its financial and operating results for the three and six months ended\n June 30, 2013 and 2012.\n\n\nSecond Quarter Highlights\n\n\n\nRecord consolidated quarterly revenues boosted by strong manufacturing\n sales;\n\n\nSecond quarter matting revenues declined by $10 million year over year\n due to timing of customer projects and we weather;\n\n\nLower EBITDAS due to revenue mix and wet weather impacting operations in\n Q2 2013;\n\n\nEarnings per share impacted by write off of $4.5 million in camp set-up\n costs related to asset re-deployment during the quarter;\n\n\nContinued capital investment, exiting the quarter with 8,775 rentable\n beds and 19,678 rental mats, an increase of 28% and 29% respectively\n compared to the same quarter of 2012.\n\n\n\nSecond Quarter Financial Summary\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\nThree months ended June 30\n\n\n \n\n\nSix months ended June 30\n\n\n\n\n(000's except per share amounts)\n\n\n \n\n\n \n\n\n2013\n\n\n \n\n\n \n\n\n2012\n\n\n \n\n\n \n\n\n%\nChange\n\n\n \n\n\n \n\n\n2013\n\n\n \n\n\n \n\n\n            2012\n\n\n \n\n\n \n\n\n%\nChange\n\n\n\n\nRevenue\n\n\n \n\n\n$\n\n\n148,426\n\n\n \n\n\n$\n\n\n139,551\n\n\n \n\n\n \n\n\n6%\n\n\n \n\n\n$\n\n\n 288,385\n\n\n \n\n\n$\n\n\n 268,148\n\n\n \n\n\n \n\n\n8%\n\n\n\n\nEBITDAS(1)\n\n\n \n\n\n \n\n\n32,708\n\n\n \n\n\n \n\n\n40,463\n\n\n \n\n\n \n\n\n(19%)\n\n\n \n\n\n \n\n\n69,341\n\n\n \n\n\n \n\n\n74,908\n\n\n \n\n\n \n\n\n(7%)\n\n\n\n\nEBITDAS as a % of revenue\n\n\n \n\n\n \n\n\n22%\n\n\n \n\n\n \n\n\n29%\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n24%\n\n\n \n\n\n \n\n\n28%\n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n
...