Logan International Inc (LII.TO) 6.27 $LII.TO
Logan International Reports 2013 Financial Results
Marketwire - Mon Mar 31, 8:05AM CDT
Logan International Inc. (TSX: LII) ("Logan" or the "Company"
today reported the results of its fourth quarter and year ended December 31, 2013. The financial reports for the quarters and years ended December 31, 2013 and 2012 include the post-acquisition operating results of the Sup-R-Jar business which was acquired in April 2013 and the post-acquisition operating results of Xtend which was acquired in March 2012.
Logan International Inc. Announces Executive Appointment
Marketwire - Wed Feb 12, 8:03AM CST
Logan International Inc. (TSX: LII) ("Logan" or the "Company" today announced that it has agreed to terms with David MacNeill. Mr. MacNeill will serve as the Company's Chief Operating Officer and is scheduled to join the Company in mid-March.
Logan Terminates Strategic Review Process
Marketwire - Mon Dec 16, 3:54PM CST
Logan International Inc. (TSX: LII) ("Logan" or the "Company" announced today that the Board of Directors of Logan (the "Board" has elected to end the strategic alternatives review process that was announced on May 22, 2013.
Logan International Reports 2013 Third Quarter Financial Results
Marketwire - Wed Nov 13, 3:58PM CST
Logan International Inc. (TSX: LII) ("Logan" or the "Company" today announced the results of its third quarter ended September 30, 2013. Revenue in the third quarter was $46.7 million as compared to $44.6 million in the prior year's third quarter. Net earnings were $4.9 million or $.14 per diluted share in this year's third quarter, as compared to $15.5 million or $.46 per diluted share in last year's third quarter. In last year's third quarter, the Company recorded a gain of approximately $11 million or $.33 per diluted share from the change in the fair value of contingent consideration relating to the acquisition of Xtend Energy Services Inc. ("Xtend". This year's third quarter Modified EBITDA (a non-GAAP measure) increased to $11.3 million from $10.7 million in last year's third quarter. The increases in revenue and in Modified EBITDA are mostly attributable to the operating performance of Logan Oil Tools, Xtend and Logan SuperAbrasives, formerly known as Dennis Tool Company.
Logan International Reports 2013 Second Quarter Financial Results
Marketwire - Tue Aug 13, 8:03AM CDT
Logan International Inc. (TSX: LII) ("Logan" or the "Company" today announced the results of its second quarter ended June 30, 2013. Revenue in the quarter was $52.6 million as compared to $40.2 million in the prior year quarter. Net earnings were $4.8 million, $.14 per diluted share, in this year's second quarter as compared to $2.4 million, $.07 per diluted share, in last year's second quarter. This year's second quarter Modified EBITDA (a non-GAAP measure) increased to $13.2 million from $8.3 million in last year's second quarter. Nearly every one of our business entities contributed to the improvements in revenue, net earnings and Modified EBITDA.
Logan International Inc. Announces Strategic Review Process
Marketwire - Wed May 22, 8:03AM CDT
Logan International Inc. (TSX: LII) ("Logan" or the "Company" announced today that the Board of Directors of the Company has undertaken a process to identify, examine and consider strategic alternatives available to maximize value for shareholders. This process includes seeking proposals from potential buyers. Simmons & Company International has been engaged as the exclusive financial advisor of the Board of Directors to assist in this process.
Logan International Inc. Reports Voting Results from Annual General Meeting of Shareholders
Marketwire - Fri May 10, 8:02AM CDT
Logan International Inc. (TSX: LII) ("Logan" announced today, in accordance with Toronto Stock Exchange ("TSX" requirements, the voting results from its annual general meeting of shareholders held May 9, 2013 in Calgary, Alberta.
Logan International Reports First Quarter 2013 Results
Marketwire - Thu May 09, 3:06PM CDT
Logan International Inc. (TSX: LII) ("Logan" or the "Company" today announced the financial results for its first quarter of 2013. Revenues for the quarter were $49.2 million as compared to revenues of $40.9 for the last year's first quarter. Net earnings were $5.2 million, or $ 0.16 per diluted share, as compared to $2.8 million, or $0.08 per diluted share, in last year's first quarter. Modified EBITDA, as defined in the financial table below, increased to $12.1 million in this year's first quarter from $8.5 million in last year's first quarter.
Logan International Inc. Announces Agreement to Acquire Drilling Jar Product Line from Smith International, Inc.
Marketwire - Mon Apr 01, 3:02PM CDT
Logan International Inc. (TSX: LII) ("Logan" or the "Company" announced that two of its US wholly owned subsidiaries have entered into an agreement to purchase certain assets and operations of the Sup-R-Jar drilling jar line from Smith International, Inc. Logan, through its wholly-owned subsidiaries, will acquire the majority of Smith International's North American Sup-R-Jar rental and service assets. In addition, Logan will also receive raw materials and parts inventories, manufacturing specifications and use of the Sup-R-Jar trade name. The purchase price includes the assumption of certain post-closing liabilities and $17.2 million in cash, $15.6 million of which is payable at closing with the remaining $1.6 million payable on delivery of certain inventory items. The transaction is expected to close in early April 2013.
Logan International Reports Fourth Quarter and FY 2012 Results
Marketwire - Wed Mar 27, 3:47PM CDT
(All reported amounts are in US dollars unless otherwise noted)
Logan International Reports 2013 Financial Results
Marketwire - Mon Mar 31, 8:05AM CDT
Logan International Inc. (TSX: LII) ("Logan" or the "Company"
today reported the results of its fourth quarter and year ended December 31, 2013. The financial reports for the quarters and years ended December 31, 2013 and 2012 include the post-acquisition operating results of the Sup-R-Jar business which was acquired in April 2013 and the post-acquisition operating results of Xtend which was acquired in March 2012. Logan International Inc. Announces Executive Appointment
Marketwire - Wed Feb 12, 8:03AM CST
Logan International Inc. (TSX: LII) ("Logan" or the "Company"
today announced that it has agreed to terms with David MacNeill. Mr. MacNeill will serve as the Company's Chief Operating Officer and is scheduled to join the Company in mid-March. Logan Terminates Strategic Review Process
Marketwire - Mon Dec 16, 3:54PM CST
Logan International Inc. (TSX: LII) ("Logan" or the "Company"
announced today that the Board of Directors of Logan (the "Board" has elected to end the strategic alternatives review process that was announced on May 22, 2013. Logan International Reports 2013 Third Quarter Financial Results
Marketwire - Wed Nov 13, 3:58PM CST
Logan International Inc. (TSX: LII) ("Logan" or the "Company"
today announced the results of its third quarter ended September 30, 2013. Revenue in the third quarter was $46.7 million as compared to $44.6 million in the prior year's third quarter. Net earnings were $4.9 million or $.14 per diluted share in this year's third quarter, as compared to $15.5 million or $.46 per diluted share in last year's third quarter. In last year's third quarter, the Company recorded a gain of approximately $11 million or $.33 per diluted share from the change in the fair value of contingent consideration relating to the acquisition of Xtend Energy Services Inc. ("Xtend". This year's third quarter Modified EBITDA (a non-GAAP measure) increased to $11.3 million from $10.7 million in last year's third quarter. The increases in revenue and in Modified EBITDA are mostly attributable to the operating performance of Logan Oil Tools, Xtend and Logan SuperAbrasives, formerly known as Dennis Tool Company. Logan International Reports 2013 Second Quarter Financial Results
Marketwire - Tue Aug 13, 8:03AM CDT
Logan International Inc. (TSX: LII) ("Logan" or the "Company"
today announced the results of its second quarter ended June 30, 2013. Revenue in the quarter was $52.6 million as compared to $40.2 million in the prior year quarter. Net earnings were $4.8 million, $.14 per diluted share, in this year's second quarter as compared to $2.4 million, $.07 per diluted share, in last year's second quarter. This year's second quarter Modified EBITDA (a non-GAAP measure) increased to $13.2 million from $8.3 million in last year's second quarter. Nearly every one of our business entities contributed to the improvements in revenue, net earnings and Modified EBITDA. Logan International Inc. Announces Strategic Review Process
Marketwire - Wed May 22, 8:03AM CDT
Logan International Inc. (TSX: LII) ("Logan" or the "Company"
announced today that the Board of Directors of the Company has undertaken a process to identify, examine and consider strategic alternatives available to maximize value for shareholders. This process includes seeking proposals from potential buyers. Simmons & Company International has been engaged as the exclusive financial advisor of the Board of Directors to assist in this process. Logan International Inc. Reports Voting Results from Annual General Meeting of Shareholders
Marketwire - Fri May 10, 8:02AM CDT
Logan International Inc. (TSX: LII) ("Logan"
announced today, in accordance with Toronto Stock Exchange ("TSX" requirements, the voting results from its annual general meeting of shareholders held May 9, 2013 in Calgary, Alberta. Logan International Reports First Quarter 2013 Results
Marketwire - Thu May 09, 3:06PM CDT
Logan International Inc. (TSX: LII) ("Logan" or the "Company"
today announced the financial results for its first quarter of 2013. Revenues for the quarter were $49.2 million as compared to revenues of $40.9 for the last year's first quarter. Net earnings were $5.2 million, or $ 0.16 per diluted share, as compared to $2.8 million, or $0.08 per diluted share, in last year's first quarter. Modified EBITDA, as defined in the financial table below, increased to $12.1 million in this year's first quarter from $8.5 million in last year's first quarter. Logan International Inc. Announces Agreement to Acquire Drilling Jar Product Line from Smith International, Inc.
Marketwire - Mon Apr 01, 3:02PM CDT
Logan International Inc. (TSX: LII) ("Logan" or the "Company"
announced that two of its US wholly owned subsidiaries have entered into an agreement to purchase certain assets and operations of the Sup-R-Jar drilling jar line from Smith International, Inc. Logan, through its wholly-owned subsidiaries, will acquire the majority of Smith International's North American Sup-R-Jar rental and service assets. In addition, Logan will also receive raw materials and parts inventories, manufacturing specifications and use of the Sup-R-Jar trade name. The purchase price includes the assumption of certain post-closing liabilities and $17.2 million in cash, $15.6 million of which is payable at closing with the remaining $1.6 million payable on delivery of certain inventory items. The transaction is expected to close in early April 2013. Logan International Reports Fourth Quarter and FY 2012 Results
Marketwire - Wed Mar 27, 3:47PM CDT
(All reported amounts are in US dollars unless otherwise noted)
