 |
Canam Group publishes its second-quarter financial report
Canam Group has just published the online version of its financial report for the second quarter of 2010. The printed version will be available as of August 20, 2010.
Highlights for the three-month and six-month periods ended June 26, 2010 and June 27, 2009
Consolidated sales
- Three-month period: Sales totaled $185.4M compared with $151.2M in 2009.
- Six-month period: Sales totaled $291M compared with sales of $331.4M in 2009.
Gross margin
- Three-month period: The gross margin was 13.1% of sales compared with 18.4% in 2009.
- Six-month period: The gross margin represented 13.4% of sales compared with 19.6% in 2009.
Net loss – Net earnings
- Three-month period: Net loss totaled $2M, or $0.05 per basic share, compared to net earnings of $5.2M, or $0.12 per basic share, in 2009.
- Six-month period: Net loss totaled $2.9M, or $0.07 per basic share, compared to net earnings of $10.6M, or $0.24 per basic share, in 2009.
Backlog of orders
The backlog of orders stood at $563M as at June 26, 2010, including FabSouth, compared with $355M as at June 27, 2009 and $460M as at December 31, 2009.
Dividends on common shares
The board of directors approved the payment of a quarterly dividend of $0.04 per common share on September 30, 2010 to shareholders of record on September 16, 2010.
The quarterly financial report can be downloaded in PDF format from the Canam Group website under Publications (Financial)
| |