Horizon North Logistics Inc. Announces Results For the Quarter Ended March 31, 2013

About this update from Dexterra Group, Inc.

[{"type":"text","content":"\n\n\n\n\n\nTSX Symbol: HNL\n\n\nCALGARY, April 30, 2013 /CNW/ - Horizon North Logistics Inc. (\"Horizon\"\n or the \"Corporation\") reported its financial and operating results for\n the three months ended March 31, 2013 and 2012.\n\n\nFirst Quarter Highlights\n\n\n\nConsolidated Revenues and  EBITDAS increased 9% and 6% respectively\n compared to Q1 2012;\n\n\nThe Camp & Catering segment revenues increased 12% as compared to Q1\n 2012;\n\n\n69% of first quarter revenues were generated mainly from SAGD oil sands\n related projects and customers and;\n\n\nContinued capital investment, exiting the quarter with 8,926 rentable\n beds and 13,899 rental mats.\n\n\n\nFirst 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\nThree months ended March 31\n\n\n\n\n(000's except per share amounts)\n\n\n   \n\n\n2013\n\n\n \n\n\n 2012\n\n\n% Change\n\n\n\n\nRevenue\n\n\n$\n\n\n 139,959\n\n\n$\n\n\n 128,597\n\n\n9%\n\n\n\n\nEBITDAS(1)\n\n\n \n\n\n36,633\n\n\n \n\n\n34,445\n\n\n      6%\n\n\n\n\nEBITDAS as a % of revenue\n\n\n \n\n\n      26%\n\n\n \n\n\n      27%\n\n\n      (4%)\n\n\n\n\nOperating earnings(1)\n\n\n \n\n\n  23,209\n\n\n  \n\n\n26,080\n\n\n(11%)\n\n\n\n\nTotal comprehensive income\n\n\n \n\n\n   16,384\n\n\n \n\n\n18,792\n\n\n(13%)\n\n\n\n\nEarnings per share\n\n\n- basic\n\n\n \n\n\n     0.15\n\n\n \n\n\n0.18\n\n\n(17%)\n\n\n\n\n \n\n\n- diluted\n\n\n \n\n\n      0.15\n\n\n \n\n\n 0.17\n\n\n(12%)\n\n\n\n\nTotal assets\n\n\n$\n\n\n512,406\n\n\n$\n\n\n 390,866\n\n\n31%\n\n\n\n\nLong-term loans and borrowings\n\n\n \n\n\n135,751\n\n\n \n\n\n68,700\n\n\n98%\n\n\n\n\nFunds from operations(2)\n\n\n \n\n\n29,146\n\n\n \n\n\n 27,423\n\n\n6%\n\n\n\n\nCapital spending\n\n\n \n\n\n21,252\n\n\n \n\n\n34,177\n\n\n(38%)\n\n\n\n\nDebt to total capitalization ratio(3)\n\n\n \n\n\n     0.32\n\n\n \n\n\n0.23\n\n\n39%\n\n\n\n\nDividends declared\n\n\n$\n\n\n 6,807\n\n\n$\n\n\n5,386\n...

More updates from Dexterra Group, Inc.