Goodfellow Declares an Eligible Dividend
Marketwire - Thu Jul 10, 2:06PM CDT
The Board of directors of Goodfellow Inc. (TSX: GDL) declared an eligible dividend of $0.20 per share payable August 15, 2014, to all shareholders of record as of August 1, 2014.
Goodfellow Reports its Results for the Third Quarter Ended May 31, 2014
Marketwire - Fri Jun 27, 3:02PM CDT
Goodfellow Inc. (TSE: GDL) announced today its financial results for the third quarter ended May 31, 2014. The Company reported net earnings of $2.1 million or $0.25 per share compared to net earnings of $2.5 million or $0.29 per share a year ago. Consolidated sales for the third quarter were $134.0 million compared to $138.2 million last year. Sales in the US and export activities maintained their growth throughout the third quarter while sales in Canada declined due to the late spring, the provincial election in Quebec and decreasing housing starts in Eastern Canada. Ontario and Western Canada sales posted a stronger performance again to mitigate this decline. On the operating side, costs remained under control in the face of a challenging third quarter. As a result, direct, selling, and administrative expenses decreased slightly compared to last year at $21.2 million ($21.5 million last year).
Goodfellow Announces the Retirement of M. Richard Goodfellow on November 30, 2014
Marketwire - Fri Jun 13, 3:01PM CDT
Goodfellow Inc. (TSX: GDL) announced today that Richard Goodfellow, President and Chief Executive Officer of Goodfellow Inc., has decided to retire on November 30, 2014.
Goodfellow Reports its Results for the Second Quarter Ended February 28, 2014
Marketwire - Tue Mar 25, 1:46PM CDT
Goodfellow Inc. (TSX: GDL) announced today its financial results for the second quarter ended February 28, 2014. The Company reported a net loss of $0.3 million or $0.04 per share compared to a net loss of $0.9 million or $0.11 per share a year ago. Consolidated sales for the second quarter were $95.4 million (same as last year). Sales in the US and export activities continued to be strong throughout the second quarter while sales in Canada declined impacted by the slower economy in Quebec and decreasing housing starts in Eastern Canada. Ontario and Western Canada sales posted a strong performance to mitigate this decline. On the operating side, costs remained under control in the face of challenging winter conditions. As a result, direct, selling, and administrative expenses remained level with last year at $18.7 million. The Company renewed its loan agreement increasing its loan facility to $90 million and finalized its acquisition of its Drummondville plant for a total consideration of $3.4 million.
Goodfellow Reports its Results for the First Quarter Ended November 30, 2013
Marketwire - Thu Dec 19, 9:04AM CST
Goodfellow Inc. (TSX: GDL) announced today its financial results for the first quarter ended November 30, 2013. The Company generated net earnings of $1.2 million or $0.14 per share compared to net earnings of $0.7 million or $0.09 per share a year ago. Consolidated sales for the first quarter were $110.4 million compared to $112.0 million for the same period a year ago. Sales in the US and export activities were strong throughout the first quarter while the economy and housing starts in Canada faced some headwind. Sales grew in most regions except Quebec and the Atlantic provinces where demand from retailers and manufacturers declined rapidly in the latter part of the quarter. Ontario, Western Canada, the US and exports posted a good performance to offset this decline. On the operating side, many measures were taken to reduce our cost structure. As a result, direct, selling and administrative expenses decreased 2.5% or $0.5 million.
Goodfellow Announces a Change of Its Fiscal Year End
Marketwire - Thu Dec 19, 9:01AM CST
Goodfellow Inc. (TSX: GDL) announced today a change of its fiscal year-end, from August 31 to November 30, taking effect for the fiscal year commencing September 1, 2013. The change in fiscal year-end better aligns with current Company business seasonality and is expected to reduce operational costs incurred during the busy summer season. The Company's annual financial filing package, including audited financial statements and MD&A, for the fifteen-month fiscal period ended November 30, 2014, will be due by February 28, 2015.
Goodfellow Inc. : 2013 Annual General Meeting of the Shareholders
Marketwire - Fri Dec 13, 10:21AM CST
The Annual Meeting of Shareholders of Goodfellow Inc. (TSX: GDL) will be held this year at: