Algoma Central Corporation

ALC

CA0156441077

Marine Freight & Logistics

Delayed Toronto S.E. Other stock markets 10:53:53 2024-07-10 am EDT			5-day change	1st Jan Change
14.1 ^CAD	-0.07%		-0.49%	-5.69%

May. 23	Algoma Central Brief: Adds convertible debentures have a maturity date of June 30, 2024; Q2 Dividend will be paid on June 3, 2024 to shareholders of record on May 17, 2024	MT
May. 23	Algoma Central Brief: Says Following Q2 dividend of $0.19 per common share, an adjustment has been made to Conversion Price of Convertible Debentures, reducing it to $14.10	MT

Algoma Central Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023

August 04, 2023 at 07:23 am EDT

Algoma Central Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 202.41 million compared to CAD 183.46 million a year ago. Net income was CAD 33.14 million compared to CAD 47.05 million a year ago. Basic earnings per share from continuing operations was CAD 0.86 compared to CAD 1.24 a year ago. Diluted earnings per share from continuing operations was CAD 0.79 compared to CAD 1.12 a year ago.
For the six months, sales was CAD 314.01 million compared to CAD 268.57 million a year ago. Net income was CAD 13.5 million compared to CAD 27.47 million a year ago. Basic earnings per share from continuing operations was CAD 0.35 compared to CAD 0.73 a year ago. Diluted earnings per share from continuing operations was CAD 0.35 compared to CAD 0.69 a year ago.

Latest news about Algoma Central Corporation

Algoma Central Brief: Adds convertible debentures have a maturity date of June 30, 2024; Q2 Dividend will be paid on June 3, 2024 to shareholders of record on May 17, 2024	May. 23	MT
Algoma Central Brief: Says Following Q2 dividend of $0.19 per common share, an adjustment has been made to Conversion Price of Convertible Debentures, reducing it to $14.10	May. 23	MT
Algoma Central Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 01	CI
Algoma Central Corporation Announces Quarterly Dividend, Payable on June 3, 2024	May. 01	CI
Algoma Central Reports Renewal of Normal Course Issue Bid	Mar. 19	MT
Algoma Central Brief: Announcing Renewal of Normal Course Issue Bid	Mar. 19	MT
Algoma Central Corporation announces an Equity Buyback for 1,975,857 shares, representing 5% of its issued share capital.	Mar. 19	CI
Algoma Central Corporation authorizes a Buyback Plan.	Mar. 18	CI
Algoma Central Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 26	CI
Algoma Central Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 26	CI
North American Morning Briefing : Traders Await Inflation Data This Week	Feb. 26	DJ
Tranche Update on Algoma Central Corporation's Equity Buyback Plan announced on March 20, 2023.	Feb. 25	CI
Algoma Central Acquires 2 Additional Vessels	Jan. 18	MT
Algoma Central Corporation Continues to Grow Product Tanker Business with the Acquisition of Two Additional Vessels	Jan. 18	CI
Algoma Central Brief: Says continues to grow product tanker business with Acquisition of two additional vessels	Jan. 18	MT
Algoma Central Announcing 6% Increase In Quarterly Dividend	Jan. 15	MT
Algoma Central Corporation Announces Quarterly Dividend, Payable on March 1, 2024	Jan. 15	CI
Algoma Central Brief: Announcing 6% Increase In Quarterly Dividend	Jan. 15	MT
Electra Battery Materials Appoints 30-year Finance Veteran as CFO and Providing Financing Update	Dec. 29	MT
Algoma Central Brief: On St. Lawrence Seaway Strike, Says "Full impact of the closure is unknown as we are in the process of assessing the repercussions of the delays"	Nov. 03	MT
Algoma Central Brief: Q3 Revenues C$205.9 Million Vs $199.327 Million a Year Earlier	Nov. 03	MT
Tranche Update on Algoma Central Corporation's Equity Buyback Plan announced on March 20, 2023.	Nov. 03	CI
Algoma Central Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 03	CI
Algoma Central Corporation Approves Quarterly Dividend to Be Paid on December 1, 2023	Nov. 03	CI
Algoma Central, Furetank Co-Order Two Additional Newbuilds	23-09-14	MT

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Company Profile

Algoma Central Corporation is a Canada-based marine shipping company. The Company owns and operates a fleet of dry and liquid bulk carriersâ, serving markets throughout the Great Lakes St. Lawrence Seaway and internationally. Its Domestic Dry-Bulk segment includes the Companyâs 18 Canadian dry-bulk carriers. This segment serves industrial sectors, including iron and steel producers, aggregate producers, cement and building material producers, salt producers and agricultural product distributors. The Product Tankers segment fleet consist of seven product tankers employed in Canadian flag service and one international tanker operating in Canada. Its Ocean Self-Unloaders segment consists of eight ocean-going self-unloading vessels and a 25% interest in a ninth selfunloader. Its Global Short Sea Shipping segment, which consists of the Company's NovaAlgoma joint ventures, focuses on niche marine transportation markets featuring specialized equipment or services.

Sector

Marine Freight & Logistics

Calendar

2024-08-01 - Q2 2024 Earnings Release (Projected)

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