Tag: Fiscal

Air Canada, WestJet testify right before Committee on Transport as fiscal troubles persist Rouge solutions suspended indefinitely

AvatarBy Ken Pole | February 5, 2021

Estimated looking at time 7 minutes, 17 seconds.

After nearly a year of accelerating operational constraints thanks to COVID-19 – complicated by the now solved complex challenges with their Boeing 737 Max fleets – Air Canada and WestJet designed a concerted pitch Feb. 4 for federal governing administration assist in resolving their mounting economical difficulties.

Testifying prior to the Dwelling of Commons committee, which handles transportation troubles, had been the carriers’ govt relations executives.

Air Canada verified that for the reason that all flights to the Caribbean and Mexico had been suspended Jan. 31 at the government’s ask for, it is “again pausing our Rouge operations effective Feb. 8, as these flights are primarily operated by Rouge.” Galen Burrows Photograph

David Rheault, taking care of director of Authorities Affairs and Local community Relations at Air Canada, and Andy Gibbons, director of Govt Relations

Canada Goose Reports Results for Third Quarter Fiscal 2021

TORONTO–(BUSINESS WIRE)–Canada Goose Holdings Inc. (“Canada Goose” or the “Company”) (NYSE:GOOS, TSX:GOOS) today announced financial results for the third quarter ended December 27, 2020.

“The global strength of our brand and digital business has returned Canada Goose to growth in our biggest quarter. Through HUMANATURE, we are also rapidly advancing our sustainability and purpose-based commitments,” said Dani Reiss, President & CEO. “While we remain in an uncertain world, we are very encouraged by our strong momentum as we finish the fiscal year.”

Third Quarter Fiscal 2021 Business Highlights (compared to Third Quarter Fiscal 2020)

  • Global e-Commerce revenue increased by 39.3%.
  • DTC revenue in Mainland China increased by 41.7%.
  • Total revenue increased for the first time since the onset of the pandemic.

Third Quarter Fiscal 2021 Results (compared to Third Quarter Fiscal 2020)

  • Total revenue was $474.0m from $452.1m.
    • DTC revenue was $299.4m from $301.8m driven by e-Commerce growth

Rogers Sugar Reports First Quarter 2021 Results, Provides for Higher Volumes Outlook for Sugar and Maple Business Segments for Fiscal 2021

The MarketWatch News Department was not involved in the creation of this content.

MONTREAL, Feb 03, 2021 (GLOBE NEWSWIRE via COMTEX) —
MONTREAL, Feb. 03, 2021 (GLOBE NEWSWIRE) — Rogers Sugar Inc.’s (“our,” “we”, “us” or “Rogers”) (TSX: RSI) today reported first quarter fiscal 2021 results with Adjusted EBITDA of $27.6 million and net earnings of $13.8 million ($0.13 per share).

“Our commitment to providing high quality products and customer service is core to our long-term business strategy,” said John Holliday, President and Chief Executive Officer of Rogers and Lantic Inc. “During the quarter, we continued to meet our customers’ demands, despite the impacts of COVID-19. In several areas, COVID-19 is driving strong increases in demand, leading to improved revenue and sales volumes. In other areas, it is adding costs to how we manage the demand volatility and keep our people safe. Despite the ongoing impacts from COVID-19, we expect

CI Fiscal Announces Pricing of US$260 Million Re-Opening of 3.200% Notes Thanks 2030

TORONTO–(Enterprise WIRE)–CI Fiscal Corp. (“CI”) (TSX: CIX NYSE: CIXX), a diversified world asset and wealth management company, these days announced the pricing of a US$260 million re-opening of its 3.200% notes due 2030 (the “Additional Notes”).

The Further Notes will form aspect of the same sequence as the superb US$700 million principal total of 3.200% notes due 2030 (the “Existing Notes”), which have been issued on December 17, 2020. Adhering to the re-opening, the combination principal amount of money of the collection will be US$960 million. The conditions of the Further Notes will be equivalent to the Existing Notes, other than the issue day and concern value.

CI intends to use the internet proceeds from this offering to redeem CI’s fantastic C$325 million combination principal amount of money of 3.520% debentures thanks July 20, 2023. The supplying is anticipated to near on January 19, 2021 and is subject

OpGen Announces Preliminary Unaudited Profits for Fiscal 2020 and Delivers Company Update

  • Preliminary overall pro-forma put together earnings for 2020 was around $5.2 million
  • Maintained solid balance sheet with $13.3 million hard cash as of December 31, 2020 and full funds elevated in 2020 of $35.3 million
  • OpGen subsidiary Ares Genetics to investigate numerous collaboration opportunities with numerous get-togethers

GAITHERSBURG, Md., Jan. 13, 2021 — OpGen, Inc. (Nasdaq: OPGN, “OpGen”), a precision medicine organization harnessing the electrical power of molecular diagnostics and bioinformatics to aid overcome infectious condition, announced these days that full professional-forma preliminary unaudited profits (including earnings from discontinued functions) for OpGen in 2020 was somewhere around $5.2 million, when compared to about $6. million in 2019. Fourth quarter 2020 earnings for OpGen was close to $1.3 million compared to $ .8 million in Q4-2019. The company expects to offer fourth quarter 2020 and whole 12 months 2020 financial results for the duration of its approaching earnings simply call in

How a diminished Section of Finance brings into question Canada’s fiscal future

OTTAWA — The Trudeau authorities has been unacceptably opaque in its managing of the countrywide purse, a number of former senior Finance officials say, a issue that displays further disagreements in Ottawa involving the public support and the Liberal government’s lofty shelling out plans.



a close up of Chrystia Freeland: Finance Minister Chrystia Freeland, right, and Prime Minister Justin Trudeau.


© Furnished by Nationwide Submit
Finance Minister Chrystia Freeland, ideal, and Prime Minister Justin Trudeau.

Their concerns consist of what some officials describe as an ever more centralized electric power base inside the Prime Minister’s Place of work, which intensified below the Harper government following the 2009 economic downturn and has continued underneath Key Minister Justin Trudeau.

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The National Submit spoke with 6 former Division of Finance officials, including two former deputy ministers, who expressed issue in excess of a lack of fiscal transparency in Ottawa at a time of unparalleled deficit paying. The persons pressured that there has always been some diploma of

How a diminished Department of Finance delivers into question Canada’s fiscal foreseeable future

OTTAWA — The Trudeau authorities has been unacceptably opaque in its handling of the nationwide purse, quite a few former senior Finance officials say, a issue that displays further disagreements in Ottawa concerning the community provider and the Liberal government’s lofty shelling out strategies.



a close up of Chrystia Freeland: Finance Minister Chrystia Freeland, right, and Prime Minister Justin Trudeau.


© Offered by National Article
Finance Minister Chrystia Freeland, ideal, and Key Minister Justin Trudeau.

Their concerns involve what some officers describe as an progressively centralized electrical power base inside of the Primary Minister’s Business, which intensified under the Harper federal government adhering to the 2009 economic downturn and has ongoing beneath Prime Minister Justin Trudeau.

The National Submit spoke with 6 former Division of Finance officials, together with two former deputy ministers, who expressed issue over a deficiency of fiscal transparency in Ottawa at a time of unparalleled deficit spending. The men and women pressured that there has always been some diploma of disagreement amongst

CORRECTING and REPLACING Accenture Reports Very Strong First-Quarter Results and Raises Business Outlook for Fiscal 2021

CORRECTING and REPLACING Accenture Reports Very Strong First-Quarter Results and Raises Business Outlook for Fiscal 2021

— Revenues are $11.8 billion, an increase of 4% in U.S. dollars and 2% in local currency, more than $200 million above the company’s guided range, including a reduction of approximately 2 percentage points from a decline in revenues from reimbursable travel costs —

— GAAP EPS are $2.32, an 11% increase from $2.09 for the first quarter last year, including gains on an investment of $0.15 and $0.08, respectively; excluding these gains, adjusted EPS of $2.17 are up 8% from $2.01 in the first quarter last year —

— Operating income increases 7% to $1.89 billion, with operating margin of 16.1%, an expansion of 50 basis points —

— New bookings are $12.9 billion, a 25% increase from the first quarter last year, with consulting bookings of $6.6 billion and outsourcing bookings of

Accenture Reports Very Strong First-Quarter Results and Raises Business Outlook for Fiscal 2021

The MarketWatch News Department was not involved in the creation of this content.

Accenture (NYSE: ACN) reported financial results for the first quarter of fiscal 2021, ended Nov. 30, 2020, with revenues of $11.8 billion, an increase of 4% in U.S. dollars and 2% in local currency over the same period last year. Revenue growth for the quarter was reduced approximately 2 percentage points by a decline in revenues from reimbursable travel costs.

GAAP diluted earnings per share were $2.32, an 11% increase from $2.09 for the first quarter last year, including gains on an investment of $0.15 and $0.08, respectively. On an adjusted basis, EPS of $2.17 increased 8% from $2.01 for the first quarter last year.

Operating income was $1.89 billion, a 7% increase over the same period last year, and operating margin was 16.1%, an expansion of 50 basis points.

New bookings for the quarter were $12.9