Pason Reports Second Quarter 2013 Results

About this update from Pason Systems Inc.

[{"type":"text","content":"\n\n\nCALGARY, Aug. 2, 2013 /CNW/ - Pason Systems Inc. (PSI.TO) announced\n today its 2013 second quarter results.\n\n\nPerformance Data\n\n\n\n\n \n\n\nThree Months Ended June 30,\n\n\n  Six Months Ended June 30,\n\n\n\n\n \n\n\n2013\n\n\n2012\n(reclassified)\n(restated)\n\n\nChange\n\n\n2013\n\n\n2012\n(reclassified)\n(restated)\n\n\nChange\n\n\n\n\n(CDN 000s, except per share data)\n\n\n($)\n\n\n($)\n\n\n(%)\n\n\n($)\n\n\n($)\n\n\n(%)\n\n\n\n\nRevenue (1)\n\n\n82,387\n\n\n84,112\n\n\n(2)\n\n\n191,654\n\n\n199,257\n\n\n(4)\n\n\n\n\nEBITDA (2)\n\n\n(27,817)\n\n\n31,656\n\n\n—\n\n\n31,973\n\n\n95,802\n\n\n(67)\n\n\n\n\n \n\n\nAs a % of revenue\n\n\nn/a\n\n\n37.6\n\n\n—\n\n\n16.7\n\n\n48.1\n\n\n(65)\n\n\n\n\n \n\n\nPer share - basic\n\n\n(0.34)\n\n\n0.39\n\n\n—\n\n\n0.39\n\n\n1.17\n\n\n(67)\n\n\n\n\n \n\n\nPer share - diluted\n\n\n(0.34)\n\n\n0.38\n\n\n—\n\n\n0.39\n\n\n1.16\n\n\n(66)\n\n\n\n\nCash flow from operating activities (2)\n\n\n51,236\n\n\n48,105\n\n\n7\n\n\n97,430\n\n\n93,109\n\n\n5\n\n\n\n\n \n\n\nPer share - basic\n\n\n0.62\n\n\n0.59\n\n\n5\n\n\n1.19\n\n\n1.14\n\n\n4\n\n\n\n\n \n\n\nPer share - diluted\n\n\n0.62\n\n\n0.58\n\n\n7\n\n\n1.19\n\n\n1.13\n\n\n5\n\n\n\n\n(Loss) earnings (3)\n\n\n(39,376)\n\n\n6,772\n\n\n—\n\n\n(9,768)\n\n\n35,845\n\n\n—\n\n\n\n\n \n\n\nPer share - basic\n\n\n(0.48)\n\n\n0.08\n\n\n—\n\n\n(0.12)\n\n\n0.44\n\n\n—\n\n\n\n\n \n\n\nPer share - diluted\n\n\n(0.48)\n\n\n0.08\n\n\n—\n\n\n(0.12)\n\n\n0.43\n\n\n—\n\n\n\n\nCapital expenditures\n\n\n14,043\n\n\n19,312\n\n\n(27)\n\n\n27,982\n\n\n38,795\n\n\n(28)\n\n\n\n\nWorking capital (3)\n\n\n109,718\n\n\n151,772\n\n\n(28)\n\n\n109,718\n\n\n151,772\n\n\n (28)\n\n\n\n\nTotal assets\n\n\n536,183\n\n\n485,166\n\n\n11\n\n\n536,183\n\n\n485,166\n\n\n11\n\n\n\n\nTotal long-term debt\n\n\n—\n\n\n—\n\n\n  —\n\n\n—\n\n\n—\n\n\n—\n\n\n\n\nTotal equity\n\n\n351,849\n\n\n390,702\n\n\n(10)\n\n\n351,849\n\n\n390,702\n\n\n(10)\n\n\n\n\nMarket capitalization\n\n\n1,570,020\n\n\n1,219,758\n\n\n29\n\n\n1,570,020\n\n\n1,219,758\n\n\n29\n\n\n\n\nCash dividends declared (4)\n\n\n0.13\n\n\n0.22\n\n\n(41)\n\n\n0.26\n\n\n0.22\n\n\n18\n\n\n\n\nCommon shares outstanding (#)\n\n\n \n\n\n \n\n\n ...

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