CERF Incorporated Announces 2015 First Quarter Results
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 05/29/15 -- CERF Incorporated (the "Company" or "CERF") (TSX VENTURE: CFL) today announced its financial and operating results for the three months ended March 31, 2015.
"Despite significant headwinds faced by all western Canadian energy services participants, CERF once again demonstrated the strength of our diversified model in providing the earnings stability that underpins our dividend," said Wayne Wadley, President and CEO of CERF. "I am very pleased to announce that CERF generated record first quarter revenue and adjusted EBITDA in a very challenging market."
2015 FIRST QUARTER HIGHLIGHTS
FINANCIAL HIGHLIGHTS
OPERATING HIGHLIGHTS
Energy Services Division - Oilfield Rentals Segment
Industrials Division - Industrial Rentals Segment and Waste Management Segment
Industrial Rentals Segment
Waste Management Segment
Conference Call
CERF will host a conference call on May 29, 2015 at 8:00 a.m. MDT (10:00 a.m. EDT) to discuss the first quarter results in greater detail. Canadian and U.S. participants may access the conference call toll- free at 1-866-223-7781, while Toronto area participants may call (416) 340-2216. Please connect approximately 10 minutes prior to the beginning of the call.
A replay of the call will be available two hours after its conclusion by calling toll free to 1-800-408-3053 (905-694-9451 for local Toronto participants) and entering passcode 3161373. The replay will remain available at the numbers above until June 12, 2015.
Full details of the Company''s financial results for the three months ended March 31, 2015, including Management''s Discussion and Analysis and the condensed, consolidated interim financial statements and notes are available on SEDAR at and on the Company''s website at .
About CERF Incorporated
CERF is a Canadian public corporation with two primary divisions: Industrials and Energy Services. The Industrials Division is engaged in the rental of industrial and construction equipment and waste management. The Energy Services division is engaged in the rental of surface and downhole equipment and provision of modular accommodations to the oil and gas industry in western Canada. CERF has paid consecutive quarterly dividends since 2005 and trades on the TSX Venture Exchange under the symbol "CFL". CERF currently has 36,300,248 common shares issued and outstanding.
FORWARD-LOOKING STATEMENTS
Certain statements included or incorporated by reference in this press release constitute forward-looking statements or forward-looking information. Forward-looking statements or information may contain statements with the words "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "budget", "should", "project", "would have realized'', "may have been" or similar words suggesting future outcomes or expectations. Although the Company believes that the expectations implied in such forward-looking statements or information are reasonable, undue reliance should not be placed on these forward-looking statements because the Company can give no assurance that such statements will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of assumptions about the future and uncertainties. These assumptions include that demand for industrial rental equipment, will remain relatively constant or grow marginally through 2015, that the economic downturn caused by the low oil price environment will not affect the performance of the waste management segment, that the Company''s proactive cost cutting measures currently being implemented will protect future margins and that the Company''s diverse operations will protect against profound down swings in the economic environment. Although management believes these assumptions are reasonable, there can be no assurance that they will be proved to be correct, and actual results will differ materially from those anticipated. For this purpose, any statements herein that are not statements of historical fact may be deemed to be forward-looking statements. The forward-looking statements or information contained in this press release are made as of the date hereof and the Company assumes no obligation to update publicly or revise any forward- looking statements or information, whether as a result of new contrary information, future events or any other reason, unless it is required by any applicable securities laws. The forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement.
This press release also makes reference to certain non-IFRS measures, which management believes assists in assessing the Company''s financial performance. Readers are directed to the section below entitled "Financial Measures Reconciliations" for an explanation of the non-IFRS measures used.
Neither 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.
Contacts:
CERF Incorporated
Wayne Wadley
President and CEO
(403) 850-4095
CERF Incorporated
Derrek Wong, MBA, CFA, FCMA
Vice President, Finance and CFO
(403) 354-5440
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Datum: 29.05.2015 - 05:00 Uhr
Sprache: Deutsch
News-ID 1362248
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contact information:
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CALGARY, ALBERTA
Phone:
Kategorie:
Waste Management
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