Friday, January 30th0.2°C
24624
24890

Canam Group's Q2 profit falls amid lower margins in most of its markets

BOUCHERVILLE, Que. - Canam Group Inc. (TSX:CAM) reports it had $4.5 million of net income in its second quarter, down from $7.4 million a year earlier, due to lower margins on the Quebec-based company's specialized structural steel products.

"However, our results at the end of the quarter allowed us to build positive momentum that appears to be confirmed by the increase in the backlog of orders," Canam president and CEO Marc Dutil said in a statement.

Canam Group's backlog of orders was a record $857 million as of June 28, up from $793 million at the end of the first quarter of 2014 and $619 million at the end of the second quarter of 2013.

Revenue was up 11.4 per cent from a year earlier, rising to $281 million from $252 million in the second quarter of 2013.

Canam's net income amounted to 11 cents per share, down from 18 cents per share.

Headquartered in Boucherville, Que., northeast of Montreal, Canam operates 21 plants across North America and employs 3,600 people in Canada, the United States, Romania, India and Hong Kong.

The Canadian Press


Read more Business News

24813


Recent Trending




Today's Market
S&P TSX14637.28+34.40
S&P CDNX667.11-0.19
DJIA17416.85+225.48
Nasdaq4683.407+45.413
S&P 5002021.25+19.09
CDN Dollar0.7903-0.002
Gold1286.60-5.10
Oil46.91+0.47
Lumber325.10+3.30
Natural Gas2.87-0.111

 
Okanagan Companies
Pacific Safety0.120.00
Knighthawk0.010.00
QHR Technologies Inc1.40-0.07
Cantex0.04+0.005
Anavex Life Sciences0.18-0.002
Metalex Ventures0.04+0.005
Russel Metals23.58-0.12
Copper Mountain Mining0.98-0.02
Colorado Resources0.15+0.005
ReliaBrand Inc0.01+0.0031
Sunrise Resources Ltd0.05+0.02
Mission Ready Services0.235+0.025

 



24667

FEATURED Property
20918391669 Autumn Road
6 bedrooms 4 baths
$599,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Leaving a job: changing careers

Many people, who find themselves out of work and with time on their hands, and money in their pockets due to lay-off, start thinking about a career change. If you weren’t happy with the directio...


Service fit makes happy employees

Finding the right employees for the front lines of your company is key to developing a great service attitude within your company. It is just as important as hiring the right accountant, manager, sale...


How to price: workbook approach

In 2008 Self Counsel Press published my book - Pricing Strategies for Small Business. The book is now available in Europe, India, Russia and the United States. The purpose of the book was to make avai...

_





24709


Member of BC Press Council


23646