|Bid||1.4700 x 0|
|Ask||1.4800 x 0|
|Day's Range||1.4800 - 1.5900|
|52 Week Range||1.3800 - 5.8400|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.24 (8.92%)|
|1y Target Est||N/A|
Stuart Olson Announces Release Date, Conference Call and Webcast for 2019 Third Quarter Financial Results
CALGARY , Sept. 23, 2019 /CNW/ - Stuart Olson Inc. (TSX: SOX, SOX.DB.A) ("Stuart Olson" or the "Company") has closed its previously announced $70.0 million convertible debenture financing, and has provided a notice of redemption to the trustee for its existing $80.5 million convertible debentures. At the Company's Special Meeting of Shareholders, held on September 20, 2019 , 98.2% of the shares voted at the meeting were in favour of the financing and related waiver of the Company's shareholder rights plan to effect the financing.
CALGARY , Sept. 11, 2019 /CNW/ - Stuart Olson Inc. (TSX: SOX, SOX.DB.A) ("Stuart Olson" or the "Company") today announced that its Buildings Group has been awarded approximately $130 million in new contracts. The Buildings Group has secured awards that include the construction of a private sector light industrial facility in Western Canada and a construction management award to build a new student residence at a post secondary institution in Ontario . "These new contract awards are important wins for our Buildings Group," said David LeMay , Stuart Olson's President and CEO.
CALGARY , Aug. 7, 2019 /CNW/ - Stuart Olson Inc. (TSX: SOX, SOX.DB.A) ("Stuart Olson" or the "Company") today announced that it has entered into an agreement with Canso Investment Counsel Ltd., in its capacity as portfolio manager for and on behalf of certain accounts that it manages (collectively, "Canso"), pursuant to which Canso will purchase, subject to Toronto Stock Exchange and shareholder approval, $70,000,000 aggregate principal amount of convertible unsecured subordinated debentures (the "Debentures") priced at par, with an interest rate of 7.00% per annum, payable semi-annually on the last business day of June and December of each year commencing on December 31, 2019 (the "Placement"). The Debentures will mature on the fifth anniversary of their issue date (the "Maturity Date").
Stuart Olson Updates Start Time for Conference Call and Webcast of its 2019 Second Quarter Financial Results
Stuart Olson Announces Release Date, Conference Call and Webcast for 2019 Second Quarter Financial Results
Western Resources Corp. (WRX.TO) (WR0.F) (“Western” or “the Company”) is pleased to announce that its wholly owned subsidiary Western Potash Corp. has entered into a lump-sum agreement with Stuart Olson Prairie Construction to be the General Contractor for the construction of the Company’s Milestone Phase I Potash Project (“Phase I Project” or “Project”) located 35 km southeast of Regina, Saskatchewan. Stuart Olson (TSX: SOX, SOX.DB.A) is one of the largest and most respected construction services companies in Canada. Founded over 100 years ago in Western Canada, Stuart Olson has offices across Canada and will be drawing a large proportion of their trades from the local area.
CALGARY , June 4, 2019 /CNW/ - Stuart Olson Inc. (TSX: SOX, SOX.DB.A) ("Stuart Olson" or the "Company") today announced that it has been awarded approximately $100 million in new contracts. The Buildings Group has been awarded a construction management project to build a new fire hall in Ontario . The Industrial Group has been awarded a mine facility construction project with a new client in Saskatchewan and the Commercial Systems Group has recently been awarded work on a healthcare facility in Alberta .
CALGARY , May 8, 2019 /CNW/ - Stuart Olson Inc. (TSX: SOX, SOX.DB.A) ("Stuart Olson" or the "Company") today announced first quarter 2019 financial results, and declared its 33rd consecutive quarterly dividend. "I am pleased to report that we delivered adjusted EBITDA of $8.1 million in the first quarter of 2019, together with a strong book-to-bill ratio of 1.36, all in an environment of increased competition and a spending slowdown across our key Western Canadian markets," said David LeMay , President and CEO of Stuart Olson . "We anticipate that the near-term negative impacts of the mandatory Alberta oil production curtailment on capital spending by our integrated oil sands customers and the highly competitive market conditions will continue into the second quarter.
CALGARY , April 30, 2019 /CNW/ - Stuart Olson Inc. (TSX: SOX, SOX.DB.A) ("Stuart Olson" or the "Company") today announced that it has been awarded approximately $150 million in new contracts. The Buildings Group has secured awards that encompass both public infrastructure and private projects in Alberta , including a construction management project to build a new retirement residence. The Industrial Group has secured a large industrial project with a repeat customer in Ontario and a new three-year master services agreement ("MSA") for bundled maintenance services with a petrochemical customer in Alberta , which bundles our recently acquired mechanical maintenance capabilities.
CALGARY , April 17, 2019 /CNW/ - Stuart Olson Inc. (TSX: SOX, SOX.DB.A) ("Stuart Olson" or the "Company") today announced that the Board of Directors has selected David C. Filmon to succeed Albrecht Bellstedt as Chair following the Company's annual and special meeting of shareholders on May 22, 2019 . Mr. Bellstedt is retiring from the role after over ten years' service as Chair.
Stuart Olson Announces Release Date, Conference Call and Webcast for 2019 First Quarter Financial Results
CALGARY , March 26, 2019 /CNW/ - Stuart Olson Inc. (TSX: SOX, SOX.DB.A) ("Stuart Olson" or the "Company") today announced that it has been awarded approximately $120 million in new contracts. The Industrial Group has secured a new master services agreement ("MSA") with an existing customer, to extend the provision of construction services in Ontario to three additional regions. The Industrial Group has also been awarded two contract renewals with clients in Alberta for on-going maintenance services.
CALGARY , March 5, 2019 /CNW/ - Stuart Olson Inc. (TSX: SOX, SOX.DB.A) ("Stuart Olson" or the "Company") today announced fourth quarter and full-year 2018 financial results, and declared its 32nd consecutive quarterly dividend. "Against a backdrop of increased competition and a significant spending slowdown across our key Western Canadian markets due to historically wide oil price differentials, Stuart Olson added approximately $825 million to its consolidated backlog, acquired an accretive complementary mechanical MRO provider, and maintained a healthy balance sheet in 2018," said David LeMay , President and CEO of Stuart Olson . "While these accomplishments were offset by weak financial results for the fourth quarter, we enter 2019 with a positive outlook for contract revenue and adjusted EBITDA growth on a full-year basis, with much of this growth expected to come in the second half of the year.
CALGARY , March 4, 2019 /CNW/ - Stuart Olson Inc. (TSX: SOX, SOX.DB.A) ("Stuart Olson" or the "Company") is honoured to have been shortlisted as one of Canada's Top 100 employers, and recognized as one of Alberta's Top Employers in 2019 for the third consecutive year. "To again be recognized as one of Alberta's Top Employers, and shortlisted as one of Canada's Top 100 Employers, reflects our strong commitment to creating a culture built on a passion to do great things that positively impacts the business we serve, the communities in which we operate and the lives we touch. The recently completed, internationally renowned, Calgary Central Library is a great testament to what happens when culture, passion and collaboration unite," said David LeMay , President and CEO of Stuart Olson .
Stuart Olson Announces Release Date, Conference Call and Webcast for 2018 Fourth Quarter and Annual Financial Results
Stuart Olson welcomes open communications with shareholders and values constructive input toward the shared goal of enhancing value. The Company has had ongoing dialogue with these shareholders for the past few months. Despite the Company's best efforts to come to a mutually agreeable outcome for all shareholders, Jamarant and Crescendo have announced their intention to launch a costly and distracting proxy fight.
Crescendo Partners L.P. (“Crescendo”) and Jamarant Capital L.P. (“Jamarant”), collectively the “Stuart Olson Value Committee”, (“We”) or the (“Committee”) have been shareholders of Stuart Olson Inc. (“Company”) since 2010. We initially sent a letter to the Company on October 12, 2018 and requested a private meeting with Albrecht Bellstedt, the Chairman of the Board, and other independent board members. We requested this meeting because we believed, and continue to believe, that Stuart Olson is trading at a significant discount to its intrinsic value and we wanted to share our thoughts on ways in which this value gap may be closed. During the past couple of months we have had several conversations with representatives of the Board during which time we have expressed our strong belief that the safest, quickest and best path forward was the public announcement that Stuart Olson was commencing a strategic review of alternatives available to the Company. We believe the optimal conclusion would ultimately be a sale of the Company to either a strategic or a financial buyer. We also conveyed our view that an acceptable alternative to the public announcement of a strategic review process included expanding the Board to include a representative of the Stuart Olson Value Committee. Unfortunately, after several meetings, we were not able to reach an acceptable resolution with the Company and we believe that it is best to publicly disclose our historical conversations with the Company as well as to inform the public of our future plans. We currently intend to nominate one or more directors at the 2019 Annual General Meeting (AGM) pursuant to the Advance Notice By-Law of the Corporation (By-Law No. 2).
CALGARY , Nov. 29, 2018 /CNW/ - Stuart Olson Inc. (TSX: SOX, SOX.DB.A) ("Stuart Olson" or the "Company") today announced a correction to its press release issued on November 6, 2018 entitled "Stuart Olson Reports Third Quarter Results" only in respect of the declared dividend payable date. Stuart Olson Inc. provides general contracting and electrical building systems contracting in the public and private construction markets as well as general contracting, electrical, mechanical and specialty trades, such as insulation, cladding and asbestos abatement, in the industrial construction and services market. The Company operates office locations and projects throughout Western Canada , Ontario and the territories.