Welcome to our dedicated page for Omni-Lite Inds Cda news (Ticker: OLNCF), a resource for investors and traders seeking the latest updates and insights on Omni-Lite Inds Cda stock.
The Omni-Lite Industries Canada Inc. (OLNCF) news page on Stock Titan aggregates official announcements and market updates for this precision manufacturing company. Omni-Lite reports on its activities as a designer and manufacturer of mission-critical components for aerospace and defense, transportation, and communication applications, as well as developments in its high-performance electronics and casting businesses.
News items commonly include quarterly and annual financial results, where the company discusses revenue trends, Adjusted EBITDA, Free Cash Flow, bookings, and backlog, along with commentary on fasteners, castings, and electronics performance. Releases also cover strategic transactions, such as the all-cash acquisition of Electronic Components, Inc. (eComp), a value-added distributor of hard-to-find electronic components serving aerospace and defense, medical, and energy sectors.
Investors can follow commercial agreements and customer relationships, including multi-year supply agreements through Designed Precision Castings (DP Cast) to provide aerospace precision investment castings for jet engine platforms. Corporate governance updates, such as director nominations, annual general meeting results, and approvals of long-term incentive plans, are also part of the company’s news flow.
Omni-Lite frequently announces investor conference calls associated with its financial results, providing details on dates, times, and dial-in numbers, and notes that call replays are archived on its investor page. For investors tracking OLNCF, this news feed offers a centralized view of earnings reports, acquisitions, aerospace and defense contract activity, capital allocation developments, and board and shareholder decisions. Bookmark this page to review historical announcements and monitor new disclosures as they are released.
Omni-Lite Industries reported Q3 2024 results with revenue of US$3.8 million, a 14% increase year-over-year, driven by growth in electronic components and fasteners businesses. Adjusted EBITDA was US$187,000, down from US$278,000 in Q3 2023, impacted by an unexpected casting equipment outage. Free Cash Flow improved to US$636,000, up US$387,000 from last year. The company maintains a strong balance sheet with US$2.6 million in cash and no debt. Year-to-date revenue reached US$12.4 million, up 36%, with bookings of US$3.9 million and a book-to-bill ratio of 1.03.
Omni-Lite Industries Canada has announced hybrid attendance options for its upcoming annual general and special meeting scheduled for October 24, 2024 at 11:00 AM EST. Shareholders can attend either in person at Peterson McVicar LLP offices in Toronto or virtually via Zoom. The meeting will cover matters related to the financial year ended December 31, 2023. The company, which specializes in designing and manufacturing precision components for aerospace & defense, transportation, and communication applications, has provided detailed Zoom access information including meeting ID and various dial-in numbers for remote participation.
Omni-Lite Industries (TSXV: OML, OTCQX: OLNCF) reported strong Q2 2024 results with record-breaking revenue of US$4.32 million, a 42% increase year-over-year. Adjusted EBITDA reached US$552,000, tripling from the previous year. The company generated Free Cash Flow of US$848,000, boosting its cash balance to US$1.7 million with no debt.
Year-to-date highlights include revenue of US$8.6 million (49% increase) and Adjusted EBITDA of US$1.4 million. Net income for Q2 was US$286,000 or US$0.02 per diluted share. The backlog as of June 30, 2024, stood at US$4.7 million. CEO David Robbins expressed satisfaction with the financial performance, noting healthy profitability and cash conversion despite an unfavorable product mix and new product start-up costs.
Omni-Lite Industries reported record-breaking revenue of US$4.3 million for Q1 2024, a 57% YoY increase. Adjusted EBITDA soared to US$884,000, up from approximately US$(79,000) in Q1 2023, with a margin of 20.5%. Net income for the quarter was US$415,000, or US$0.03 per diluted share. Bookings reached US$3.7 million, contributing to a backlog of US$6.5 million, a 58% YoY increase. The company maintains a strong balance sheet with US$1.1 million in cash and no debt.
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