Welcome to our dedicated page for Dexterra Group news (Ticker: HZNOF), a resource for investors and traders seeking the latest updates and insights on Dexterra Group stock.
Dexterra Group Inc. (HZNOF), also listed as TSX: DXT, is a support services company that regularly issues detailed news updates on its operations, financial performance, and corporate actions. The company reports on its activities in integrated facilities management, workforce accommodation solutions, and other support services that help create, manage, and operate infrastructure across Canada and the United States.
News releases from Dexterra often cover quarterly financial results, including revenue, segment performance for Support Services and Asset Based Services, Adjusted EBITDA, Free Cash Flow, and Return on Equity. These updates provide insight into factors such as camp occupancy, facilities management activity levels, forestry seasonality, and access matting demand that influence the company’s results.
Investors following Dexterra’s news can also see announcements about acquisitions and investments, such as the company’s 40% stake in Pleasant Valley Corporation, an Ohio-based facility management provider, and the acquisition of Right Choice Camps & Catering, a workforce accommodation provider in Western Canada. These items illustrate how Dexterra expands its facilities management and workforce accommodation capabilities and scale.
Other regular news topics include amendments and expansions of Dexterra’s revolving credit facility, renewals of its normal course issuer bid for share repurchases, and voting results from its annual and special meetings of shareholders. The company also announces conference call and webcast details for its quarterly results, enabling investors to hear management’s commentary on performance and strategy.
This news page aggregates these types of releases so readers can review Dexterra’s financial updates, strategic transactions, capital structure developments, and governance-related disclosures in one place. Users interested in HZNOF and TSX: DXT can consult this feed to monitor how Dexterra reports on its operations in facilities management, workforce accommodations, and related support services over time.
Dexterra Group Inc. (TSX: DXT) has announced the release date for its Q2 2024 financial results and subsequent conference call details. Key points:
- Q2 2024 results will be released on August 6, 2024, after market close
- Conference call and webcast scheduled for August 7, 2024, at 8:30 a.m. Eastern Time
- Presentation will be available on Dexterra's website prior to the call
- Conference call dial-in number: 1-844-763-8274
- Webcast accessible via Dexterra's website
- Archived recording available until September 7, 2024
This announcement provides investors and analysts with the necessary information to participate in Dexterra's Q2 2024 earnings discussion.
Dexterra Group announced the sale of 329 space rental units owned by Gitxaala Horizon North Services Partnership, a joint venture in which Dexterra holds a 49% stake. The sale price of $20.45 million aligns with the net book value of the assets. This strategic move allows Dexterra to manage its Energy Services assets proactively and aligns with its focus on Support Services. The transaction also enables Dexterra to pay down debt and optimize its asset portfolio. The Gitxaala First Nation partnership remains robust, and Dexterra looks forward to ongoing collaboration in the region.
Dexterra Group Inc. (TSX: DXT) announced the successful election of all nine director nominees at its annual meeting of shareholders held on June 20, 2024. The nominees, listed in the management information circular dated May 1, 2024, received high approval ratings, with most securing 99.95% votes in favor. The specific voting results showed overwhelming support for directors like Mary Garden, David Johnston, and others. Additionally, all resolutions presented at the meeting were approved by the required number of votes. For detailed voting results and the management presentation, shareholders can visit Dexterra's website or SEDAR's profile at sedarplus.ca.
Dexterra Group has signed a purchase agreement to sell its NRB Modular business to ATCO Structures for $40 million in cash. The transaction, subject to closing adjustments and conditions, is slated to complete by the end of July 2024. This sale aims to simplify Dexterra's operations, enable management to concentrate on core support services, and reduce debt. NRB, a leading modular solutions provider for 45 years, will now continue its legacy under ATCO's leadership, which plans to expand NRB’s capabilities, particularly in manufacturing multi-family and affordable housing solutions.
Dexterra announces the renewal of its normal course issuer bid (NCIB) approved by the Toronto Stock Exchange, effective from May 23, 2024, to May 22, 2025. The NCIB allows Dexterra to repurchase up to 165,600 common shares, less than 1% of the total 64,147,229 shares outstanding as of May 16, 2024. Dexterra believes its shares are undervalued and considers the repurchase an attractive investment. Under the previous NCIB, Dexterra repurchased 1,134,400 shares at an average price of C$5.78 each, totaling C$6,556,832. The company also entered an automatic share purchase plan (ASPP) with a broker to facilitate repurchases during trading black-outs.
Dexterra Group Inc. reported a consolidated revenue of $231.6 million for Q1 2024, a 7.2% increase from Q1 2023, driven by new contracts in IFM and strong activity in WAFES. Adjusted EBITDA was $19.6 million, slightly down from $19.8 million in Q1 2023. Net earnings from continuing operations stood at $4.4 million, while the net loss, impacted by discontinued Modular operations, was $3.6 million. Free Cash Flow improved to $10.6 million from a deficit of $5.1 million in Q1 2023. The acquisition of CMI enhanced Dexterra's U.S. IFM presence. However, debt increased to $132.7 million, primarily due to the CMI acquisition and capital expenditures.
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