Logs to be processed are pictured at Interfor's Acorn Division mill in Delta, B.C., on Sept. 14, 2012.DARRYL DYCK/The Globe and Mail
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Sleep Country Canada Holdings Inc. (ZZZ-T) said second-quarter revenue increased 17.3 per cent to $120.2-million. That beat expectations of $87.6-million.
Same store sales growth was 12.2 per cent.
Adjusted net income increased 42 per cent to $10.1-million, while adjusted earnings per share increased 41.6 per cent to 27 cents from 19 cents a year ago.
The company also increased its quarterly dividend by 15 per cent to 15 cents per share.
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Interfor Corp. (IFP-T) reported second-quarter sales of $458.8-million compared to $429.7-million a year ago.
That's above expectations of $330.9-million, according to Thomson Reuters.
Net earnings were $23.2-million, or 33 cents per share, compared to a loss a year ago of $20.6-million or 29 cents per share.
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MDC Partners Inc. (MDCA-Q) reported second-quarter revenue of $337-million, compared to $336.6-million in the second quarter of 2015.
Analysts were expecting revenue of $346-million in the most recent quarter.
Adjusted EBITDA was $41.9-million, a decrease of 11.8 per cent compared to $47.5-million in the second quarter of 2015.
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Epsilon Energy Ltd. (EPS-T) reported second-quarter revenues of $6.2-million compared to $7.2-million a year earlier.
Adjusted EBITDA was $3.4-million as compared to $4.1-million for the three months ended June 30, 2015. The decrease in Adjusted EBITDA was primarily due to lower midstream revenues, the company said.
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Argonaut Gold Inc. (AR-T) says a federal court of appeals has issued a favourable ruling regarding its federal lawsuit arising from the denial of the Environmental Impact Assessment for its San Antonio project in Baja California Sur, Mexico.
"We are pleased with the outcome of the ruling, which confirms our belief that the local zoning plan should not have impeded the permitting of the San Antonio project," stated CEO Pete Dougherty in a release. "This ruling does not mean that our permits are granted but does provide the basis of understanding for all involved in the permitting process."
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Dundee Precious Metals Inc. (DPM-T) reported a second quarter net loss attributable to common shareholders from continuing operations of $8.9-million or 6 cents per share compared to $1.9-million or a penny per share for the same period in 2015.
Adjusted EBITDA from continuing operations was $17.8-million compared to $19.3 million a year earlier.
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Supremex Inc. (SXP-T) reported a 16-per-cent increase in second-quarter revenue and a 10-per-cent dividend increase.
Second quarter revenues were $39.4-million, as revenue from the Canadian envelope market increased by 8.6 per cent to $28.4-million and the U.S. envelope market grew 54.4 per cent year-over-year reaching $8.2-million.
Analysts were expecting revenue of $29.2-million in the most recent quarter.
Net earnings stood at $3.9-million or 14 cents per share compared to $5.6-million or 19 cents per share.
The quarterly dividend increased 5.5 cents per share, representing a 10-per-cent increase.
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Newmarket Gold Inc. (NMI-T) reported net income for the second quarter of $16.8-million or 10 cents per share, compared to net income of $12.1-million or 10 cents per share a year ago.
Analysts were expecting EPS of 8 cents per share in the most recent quarter.
Revenue was $78-million in the quarter, which beat expectations of $65-million and is compared to $66-million a year ago.