~ Blue ~
7 years ago
EIL.V posted net profit!
Empire Industries Reports 2Q17 Results and Conference Call Information
Profit Margins Continue to Strengthen as Mix of Business Improves
Print
August 10, 2017 07:00ET | Source: Empire Industries
WINNIPEG, Manitoba, Aug. 10, 2017 (GLOBE NEWSWIRE) -- Empire Industries Ltd. (TSX-V:EIL) today reported its unaudited consolidated financial results for the quarter ended June 30, 2017. The unaudited consolidated financial statements and MD&A have been filed on SEDAR and can be viewed at www.sedar.com or at www.empind.com.
“Empire’s adjusted EBITDA was $2.7 million, up from $0.9 million during the same period last year. Like Q1 2017, this resulted from a changing mix of business away from first generation media-based attractions, which had depressed profit margins in the prior quarters of 2016 and 2015, towards more profitable ride systems and attractions we have built before,” stated Guy Nelson. “The increased backlog bodes well for future profit visibility and it also reinforces that some of the company’s strategic initiatives are meeting market acceptance.”
Summary of second quarter 2017 consolidated results
Contract Backlog as of June 30, 2017 was $260 million, up 128% from $114 million at the Company’s March 31, 2017 report.
Revenues increased by $1.5 million (4.9%), to $31.8 million from $30.3 million in Q2 2016. This increase in production has more than offset the revenue decline arising from the Company’s decision to curtail operations in industrial steel fabrication.
Adjusted EBITDA increased by $1.8 million (207%), to $2.7 million from $0.9 million in Q2 2016. This increase was driven by higher revenue and improved adjusted gross margins more than offsetting the increase in selling, general and administrative expenses.
Net Income in Q2 2017 was $1.8 million compared to $0 in Q2 2016.
The Comprehensive net income for year to date 2016 of $6.8 million was heavily influenced by a $5.6 million FOREX gain and a $2.5 million gain on the sale of Tornado.
Long Term Funded Debt increased to $15.5 million in 2Q17 from $5.0 million in 2Q16 due to the addition of USD $10 million of subordinate financing from Export Development Canada used to strengthen working capital.
Summary of Q2 2017 Segmented Financial Results
For the quarter and year ended June 30
($ millions) Q2
2017 Q2
2016 YTD
2017 YTD
2016
Revenue 31.8 30.3 64.3 58.1
Adjusted EBITDA ($)1 2.7 0.9 5.7 2.4
Adjusted EBIT ($)1 1.8 0.2 3.8 1.2
Net income from all operations 1.3 3.1 1.4 6.8
Financial Position (at June 30)
Total assets 81.4 71.9
Total long term financial liabilities 9.8 4.9
Shareholders’ equity 21.8 22.2
Per Share Information (Basic & Diluted)
Income per share – continuing operations 0.02 0.00 0.02 0.07
Income per share – discontinued operations 0.00 0.04 0.02 0.04
1 Adjusted earnings (loss) before interest, tax, depreciation and amortization (Adjusted EBITDA) is not defined by IFRS. The definition of Adjusted EBITDA does not take into account the Company’s share of profit of an associate investment, gains and losses on the disposal of assets, fair value changes in foreign currency forward contracts and non-cash components of stock based compensation. Adjusted EBIT is the result of the Company’s Adjusted EBITDA less depreciation and amortization expenses. While not IFRS measures, Adjusted EBITDA and Adjusted EBIT are used by management, creditors, analysts, investors and other financial stakeholders to assess the Company’s performance and management from a financial and operational perspective.
About Empire Industries Ltd.
Empire focuses on designing, supplying, and installing premium theme park, media-based attractions and ride systems for the global entertainment industry. Empire also uses these same turn-key integration services for special projects such as large optical telescopes and enclosures. Through Empire’s execution of its strategy over the years, Empire owns several non-entertainment investments that it seeks to optimize and liquidate at the appropriate time. Empire’s equity holding in Tornado falls into this category. Empire’s common shares are listed on the TSX Venture Exchange under the symbol EIL.
For more information about the Company, visit www.empind.com or contact:
Guy Nelson
Chief Executive Officer
Phone: (416) 366-7977
Email: gnelson@empind.com Allan Francis
Vice President – Corporate Affairs and Administration
Phone: (204) 589-9301
Email: afrancis@empind.com
Conference Call Information
Empire’s management team will be holding an investor/analyst conference call to discuss the first quarter 2017 results and the outlook for the company. The call-in details are as follows:
Time/Date: Wednesday, August 16, 2017 at 2:00PM Eastern Time
Dial-in Number: 1-800-319-4610 (Canada/USA toll-free)
1-416-915-3239 (Toronto)
Callers should dial in 5 – 10 minutes prior to the scheduled start time and ask to join the Empire Industries Second Quarter 2017 Results Conference Call.
Reader Advisory
This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Empire’s business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as ‘‘plans’’, ‘‘expects’’ or ‘‘does not expect’’, ‘‘budget’’, ‘‘scheduled’’, ‘‘estimates’’, “forecasts’’, ‘‘intends’’, ‘‘anticipates’’ or variations of such words and phrases or state that certain actions, events or results ‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will be taken’’, ‘‘occur’’ or ‘‘be achieved’’. These forward looking statements are based on current expectations, and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release, and Empire assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
https://globenewswire.com/news-release/2017/08/10/1083177/0/en/Empire-Industries-Reports-2Q17-Results-and-Conference-Call-Information.html
~ Blue ~
7 years ago
i know you had posted before you know everything.. that one was a reverse split.. 4 for 1.. you do not need to be a sucker lol:))
Empire Industries Completed 4 for 1 Consolidation as part of Spin-Out of Hydrovac Business
June 30, 2016
CALGARY, June 30, 2016 – Empire Industries Ltd. (“Empire”) (EIL: TSX-V) is pleased to announce that, further to its news release of June 28, 2016, the new shares of Empire will commence trading on a consolidated basis later today. A 4 for 1 consolidation of the Empire shares was completed as one of the steps of the Plan of Arrangement to spin-out the Hydrovac Business. Upon resumption of trading, there will be 64,834,119 Empire shares issued and outstanding.
Under the Plan of Arrangement Empire shareholders have received 32,417,060 shares of Tornado Global Hydrovacs Ltd. (“Tornado”) Empire and Tornado will provide a further announcement concerning the commencement of trading of the new Tornado shares on the TSXV when the information is available.
For further information on the Plan of Arrangement, please refer to Empire’s information circular dated May 20, 2016 available on SEDAR.
~ Blue ~
7 years ago
found this DD: EIL.V is a 10 BAGGER STOCK!!!
1) EIL has 65 million outstanding shares and
insiders hold over 50% of shares.
Canada Zhoufa Agricultural Holding Company Ltd. 12,262,875 18.9%
Qiu, Qiguang: 6,250,000
Guy Nelson, Chairman and CEO: 5,000,000.
Ian Macdonald Non-Exc. Chair: 3,466,000
McIntryre, Campbell John: 1,593,658
Robert Marshal director: 1,509,808
Marshall, Robert Glenn: 1,171,852
Terence Quinn director: 842,845
Rogers, Terence William: 500,000
some others over 1 million...
----------------------------------------------------
2) EIL has over 300 million Canadian dollars backlog.
Recently got 120 million US Dollars orders.
http://empind.com/empire-industries-reports-order-us-120-million/
-----------------------------------------------------
Empire Industries Reports US$ 40 million Contract Award
V.EIL | 2 hours ago
WINNIPEG, Manitoba, June 14, 2017 (GLOBE NEWSWIRE) -- Empire Industries Ltd. (TSX-V:EIL) today reported that it has received a USD$ 40 million ride system contract with an Asian theme park owner. This contract will largely be executed over the next 2 years from the company’s Vancouver-based design and manufacturing facilities.
https://www.reuters.com/article/brief-empire-industries-ltd-says-receive-idUSFWN1JB07Y
3) They are building the world biggest telescope.
----------------------------------------------
4) The company posted net profit last 4 years.
EIL.V financials
In 2016 Revenue: $117.99 million, NET PROFIT: $3.98 Million
In 2015 Revenue: $131.22 million, NET PROFIT: $1.37 Million
In 2014 Revenue: $141.16 million, NET PROFIT: $6.06 Million
In 2013 Revenue: $117.80 million, NET PROFIT: $4.42 Million
---------------------------------------------------------
5) EIL has 7 sub companies
Dynamic Attractions
Dynamic Structures
Empire Iron Works
Dynamic Optics
Parr Metal Fabricators
Qiguang Dynamic Steel Structures
ACE Industrial Services
http://empind.com/empire-companies/
RECENT PRESENTATION! http://empind.com/wp-content/uploads/2017/06/Empire-Industries-Ltd.-Presentation-Spring-2017-web.pdf
~ Blue ~
7 years ago
GREAT NEWS! Empire Industries Reports US$ 40 million Contract Award
V.EIL | 2 hours ago
WINNIPEG, Manitoba, June 14, 2017 (GLOBE NEWSWIRE) -- Empire Industries Ltd. (TSX-V:EIL) today reported that it has received a USD$ 40 million ride system contract with an Asian theme park owner. This contract will largely be executed over the next 2 years from the company’s Vancouver-based design and manufacturing facilities.
About Empire Industries Ltd.
Empire Industries Ltd. manufactures highly specialized engineered products and sells these products domestically and in select international export markets. The company has developed, designed and engineered products for the rapidly growing, global, Media-based Attractions market and works with specific clients in this market to execute highly specialized ride systems. Empire’s common shares are listed on the TSX Venture Exchange under the symbol EIL.
For more information about the Company, visit www.empind.com or contact:
Guy Nelson
Executive Chairman and CEO
Phone: (416) 366-7977
Email: gnelson@empind.com Allan Francis
Vice President – Corporate Affairs and Administration
Phone: (204) 589-9301
Email: afrancis@empind.com
Reader Advisory
~ Blue ~
7 years ago
EIL.V 35% up ~~ Empire Industries Reports Order for US$ 120 million
May 19, 2017
WINNIPEG, May 19, 2017 – Empire Industries Ltd. (TSX-V: EIL) today reported that it has received a USD$ 120 million, multi-year, multi-theme park ride system series of contracts with one of the leading, global theme park owners. These contracts will largely be executed over the next 4 years from the company’s Vancouver-based design and manufacturing facilities as well as their Attractions Development Center.
“Our company has invested heavily in building our ride system engineering and manufacturing capacity and today’s announcement proves that the investment is working,” said Guy Nelson, CEO of Empire Industries. “Our strategy continues to focus on building the creative and technical resources to help select customers design and build the best attractions in the world. This strategy addresses a rapidly growing consumer market, demanding shared entertainment experiences that simply can’t be experienced at home.”
About Empire Industries LTD
Empire Industries Ltd. manufactures specialized engineered products and sells these products domestically and in select international export markets. The company develops, designs and engineers products for the rapidly growing, global, media based attractions market and also uses these globally competitive competencies in the optical telescope market. The company designs and manufactures Hydrovac trucks for excavation service providers to the oil and gas industry and the municipal markets. The company provides steel fabrication & installation services, primarily to the industrial, commercial and infrastructure market in Western Canada. The company has two key strategic equity partnerships; a 49% ownership of ACE Industrial Services that operates in the oil sands industrial maintenance services market, and a 45% ownership of a Chinese joint venture company in the steel fabrication market in Asia. Empire’s common shares are listed on the TSX Venture Exchange under the symbol EIL.
For more information about the Company, visit www.empind.com or contact:
Guy Nelson
Cheif Executive Officer
Phone: (416) 366-7977
Email: gnelson@empind.com
Allan Francis
Vice President – Corporate Affairs and Administration
Phone: (204) 589-9301
Email: afrancis@empind.com
http://empind.com/empire-industries-reports-order-us-120-million/
~ Blue ~
7 years ago
Empire Industries Reports Order for US$ 120 million
May 19, 2017
WINNIPEG, May 19, 2017 – Empire Industries Ltd. (TSX-V: EIL) today reported that it has received a USD$ 120 million, multi-year, multi-theme park ride system series of contracts with one of the leading, global theme park owners. These contracts will largely be executed over the next 4 years from the company’s Vancouver-based design and manufacturing facilities as well as their Attractions Development Center.
“Our company has invested heavily in building our ride system engineering and manufacturing capacity and today’s announcement proves that the investment is working,” said Guy Nelson, CEO of Empire Industries. “Our strategy continues to focus on building the creative and technical resources to help select customers design and build the best attractions in the world. This strategy addresses a rapidly growing consumer market, demanding shared entertainment experiences that simply can’t be experienced at home.”
About Empire Industries LTD
Empire Industries Ltd. manufactures specialized engineered products and sells these products domestically and in select international export markets. The company develops, designs and engineers products for the rapidly growing, global, media based attractions market and also uses these globally competitive competencies in the optical telescope market. The company designs and manufactures Hydrovac trucks for excavation service providers to the oil and gas industry and the municipal markets. The company provides steel fabrication & installation services, primarily to the industrial, commercial and infrastructure market in Western Canada. The company has two key strategic equity partnerships; a 49% ownership of ACE Industrial Services that operates in the oil sands industrial maintenance services market, and a 45% ownership of a Chinese joint venture company in the steel fabrication market in Asia. Empire’s common shares are listed on the TSX Venture Exchange under the symbol EIL.
For more information about the Company, visit www.empind.com or contact:
Guy Nelson
Cheif Executive Officer
Phone: (416) 366-7977
Email: gnelson@empind.com
Allan Francis
Vice President – Corporate Affairs and Administration
Phone: (204) 589-9301
Email: afrancis@empind.com
http://empind.com/empire-industries-reports-order-us-120-million/
1center
7 years ago
Dynamic Attractions unveils revolutionary theater attraction
Motion Theater uses new technology for a unique, immersive adventure
ORLANDO, FL--(Marketwired - November 16, 2016) - (TSX VENTURE: EIL) - Called the "Dynamic Motion Theater," a new "spin" on the theme park theater experience was unveiled today and awarded Best New Product Concept by the International Association of Amusement Parks and Attractions at the expo in Orlando, Florida.
A world-leader in attraction design, Dynamic Attractions has developed the motion theater to give audiences the ability to spin, tilt, drop and follow the action like a movie camera. The system involves a combination of media on advanced, rotating projected screens that move to reveal show sets filled with special effects elements and stage action with the sights, sounds and smells of an adventure in every direction.
"The Dynamic Motion Theater put a whole new spin on an immersive attraction," states Guy Nelson, CEO of Empire Industries and President of Dynamic Attractions. "We've pioneered new technology to create an experience that has been, until now, impossible. When we put the team in place here in our Orlando Attraction Development Center, the purpose was to create revolutionary new attractions, and I am excited that the first product to come out the design studio has already been recognized with an award."
This has been a record-breaking year for Dynamic Attractions. It has already opened ten attractions on four continents, twice as many projects than its previous best year. In spring the company opened an Attractions Development Center in Orlando; since then it has already doubled in size to 80,000 square feet.
A large part of Dynamic's growth over the past 12 months has been their Design Studio, Attraction Mock-Up, and Partner Innovation Lab within the Attraction Development Center.
"At the center, our artists and designers work on developing everything for the attraction." explained George Walker, VP Creative Development. "We then couple this with the engineering prowess of the ride system team in Vancouver, and together the results are really exciting."
"Through a combined in-house effort of creative and technology, we utilize the power of visualization. In our mockup space, we are able to build out test track sections with scenery, projection, sound, lighting and more," states Cindy Emerick, VP Business Development. "We've already seen how this has engaged our clients, including a major theme park in Orlando. They love it."
The company is comprised of 400 engineers, designers, fabricators and theme artists based in Vancouver, Orlando, Toronto, Arlington (Texas), Dongguan, and Shanghai.
"The Partner Innovation Lab brings engineers and attraction specialists to a single space to research and develop ways to push past what has been done before," adds Mike Haimson, VP Technical Development. "When combined with the Design Studio and Attraction Mock-Up teams, we feel we have the one of most powerful design tools in the industry."
Image Available: http://www.marketwire.com/library/MwGo/2016/11/16/11G122357/Images/0207_4-2ae5fc65efd684d8908d6167d4565448.jpg
Image Available: http://www.marketwire.com/library/MwGo/2016/11/16/11G122357/Images/IMG_0207-f604c5e02bc795a0aed4edc69297cbfb.JPG
Contacts:
Marissa Huntsman
+1-801-318-0273
marissa.huntsman@dynamicattractions.com
John Kageorge
+1-604-617-4745
john.kageorge@dynamicattractions.com
1center
8 years ago
$EIL.v $ERILF..Summary of 2015 consolidated annual results
Revenues increased by $10.2 million (7.2%), to $151.4 million from $141.2 million in 2014. The increase was driven by an increase of $35.2 million in the media-based attractions segment, offset by decreases totaling $24.8 million in the Manufactured Products and Steel Fabrication segments.
Adjusted EBITDA was consistent with 2014 at $8.0 million. The mix of contribution to EBITDA was significantly different in 2015, with the Media-Based Attractions segment increasing its EBITDA by $5.2 million to $11.7 million. The Manufactured Products and Steel Fabrication segments were unable to contribute EBITDA due to significantly reduced volumes because of a market slow-down in western Canada.
Net Income was down $4.7 million to $1.4 million from $6.1 million in 2014. Per Share Net Income (Basic) was $0.005 in 2015 (from $0.024 in 2014). The vast majority of this decrease was from non-cash changes in deferred taxes and an increase in the unrealized loss in hedging contracts.
The Group uses foreign currency forward contracts to hedge its foreign exchange exposure. When the settlement value of these contracts is less than the actual exchange rates at the end of the reporting period, it creates a liability position on the balance sheet. Similarly, when the settlement value is greater than the actual exchange rates, it creates an asset. As the Canadian dollar has strengthened relative to its currency forward contracts in the first quarter of 2016, the Group’s liability position will improve by $3.2 million in that period.
Backlog of $130 million, down from $155 million at of the Group’s third quarter report. Despite our backlog decline, our pipeline of active projects has never been larger or more high quality and robust.
1center
8 years ago
WINNIPEG, February 18, 2016 – Empire Industries Ltd. (TSX-V: EIL) today announced that it has engaged Oak Hill Advisors Inc. to provide investor relations services. The objective of the services is to assist Empire in developing and executing a comprehensive corporate communications strategy, informing market participants regarding Empire’s business results, growth strategy, strategic transactions, and new contracts as they arise. The program is expected to last for an initial term of 6 months,....
More..
http://email.noisegatemedia.com/t/ViewEmail/r/3022D392E1404F122540EF23F30FEDED/4968A12644F74900D8E2A916412CAE5B
1center
8 years ago
Dynamic Attractions to open Attractions Development Center, Orlando
Empire Industries Ltd. $EIL.v $ERILF
Orlando, FL (November 18, 2015) --- Dynamic Attractions, a leader in media-based attractions for major theme parks, is expanding with a new office in Orlando and an ‘industry first’ service called Unlimited Attractions. The announcement was made today at the International Attractions and Amusement Parks Association (IAAPA) annual convention in Orlando, Florida.
“Building on our involvement in 50 of the world’s most popular theme park attractions, we’re evolving,” states Guy Nelson, Dynamic Attractions President and Empire Industries CEO. “We now offer the Unlimited Attractions service which we have brought to Orlando, the epicenter of the attractions industry and a location synonymous with extraordinary, fun entertainment.”
Unlimited Attractions is a new service that integrates all of the show elements that turn a ‘ride’ into an ‘attraction’: story concepts, lighting, scenery, media, and special effects. By coordinating the development of the storytelling along with their highly sophisticated ride systems, attractions can be more impactful. This results in seamless attractions and better guest experiences.
The company’s new Orlando Attractions Development Center will be opening in spring 2016. The 32,000 square foot facility will include an ‘experience’ studio with fully operational rides. It will also offer an ‘Imagination Think Tank’ for the company’s attractions designers and theme design partners to invent the next generation of media-based, interactive attractions. It will complement the company’s current locations in Vancouver, Toronto, Arlington (Texas), Dongguan and Shanghai.
About Dynamic Attractions
Many of the most popular rides at the world’s largest amusement parks have been engineered, fabricated and/or built by Dynamic Attractions and its sister company, Dynamic Structures. The media-based attractions company has a proven record of delivering rides with unmatched records of guest satisfaction, safety, quality and reliability. Dynamic Attractions is a subsidiary of Empire Industries Ltd.
For more information about the Company, visit www.dynamicattractions.com or contact:
John Kageorge
Phone: (604) 617-4745
Email: john.kageorge@dynamicattractions.com
Allan Francis
Phone: (204) 981-5080
Email: afrancis@empind.com
About Empire Industries Ltd.
Empire Industries Ltd. manufactures specialized engineered products and sells these products domestically and in select international export markets. The company develops, designs and engineers products for the rapidly growing, global, media based attractions market. The company designs and manufactures Hydrovac trucks for excavation service providers to the oil and gas industry and the municipal markets. The company provides steel fabrication & installation services, primarily to the industrial, commercial and infrastructure market in Western Canada. The company has two key strategic equity partnerships; a 49% ownership of ACE Industrial Services that operates in the oil sands industrial maintenance services market, and a 45% ownership of a Chinese joint venture company in the steel fabrication market in Asia. Empire’s common shares are listed on the TSX Venture Exchange under the symbol EIL.
For more information about the Company, visit www.empind.com or contact:
Guy Nelson
Chief Executive Officer
Phone: (416) 366-7977
Email: gnelson@empind.com
Allan Francis
Vice President – Corporate Affairs and Administration
Phone: (204) 589-9301
Email: afrancis@empind.com
Reader Advisory
This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Empire’s business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as ‘‘plans’’, ‘‘expects’’ or ‘‘does not expect’’, ‘‘budget’’, ‘‘scheduled’’, ‘‘estimates’’, “forecasts’’, ‘‘intends’’, ‘‘anticipates’’ or variations of such words and phrases or state that certain actions, events or results ‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will be taken’’, ‘‘occur’’ or ‘‘be achieved’’. These forward looking statements are based on current expectations, and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release, and Empire assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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http://www.empind.com/news/dynamic-attractions-set-to-open-an-attractions-development-center-in-orlando
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zoobadooba
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