CEMATRIX Announces 2024 Second Quarter Financial Results
CEMATRIX Announces 2024 Second Quarter Financial Results
CALGARY, Alberta, Aug. 07, 2024 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSX: CEMX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a North American leading manufacturer and supplier of technologically advanced cellular concrete products announced the release of its consolidated financial results for the second quarter ended June 30, 2024.
CEMATRIX公司（TSX:CEMX）（OTCQB:CTXXF）是一家北美領先的先進細胞混凝土製品製造商和供應商，宣佈發佈截至2024年6月30日的第二季度財務業績。該公司在加拿大阿爾伯塔省卡爾加里設立。
"The company set a new, first half record, which is a continuation of our strong growth since mid-year 2023. Overall, the second quarter of 2024 was similar to 2023 as revenue grew 3% versus the prior year. On a year-to-date basis, revenue is up 11% versus last year and more importantly, adjusted EBITDA is up by $1.6 million versus last year and positive overall on a year-to-date basis. The increase in EBITDA is the direct result of increased sales at higher prices as well as improved margins to the end of the second quarter. CEMATRIX is now in the busy infrastructure construction period for the second half of the year and we remain confident that we are on track for another profitable year with positive cashflow from operations," stated Jeff Kendrick, CEO of CEMATRIX.
“該公司創下了新的半年度記錄，這是自2023年中期以來強勁增長的延續。總體而言，2024年第二季度與2023年類似，收入同比增長了3％。截至今年年初，收入同比增長了11％，更重要的是，調整後的息稅折舊及攤銷前利潤（EBITDA）同比增加了160萬美元，並且全年淨現金流量也同比增加。EBITDA的增加是直接由於高價格的銷售增加以及截至第二季度末的利潤率提高所致。CEMATRIX現在處於全年繁忙的基礎設施建設階段，我們確信我們已經在達到可持續盈利的軌道上，並能保持正向的經營現金流，”CEMATRIX的首席執行官Jeff Kendrick說。
"We want to recognize and thank all of our employees at CEMATRIX and in particular our field staff which continues to safely and consistently deliver on time, on budget, and on quality projects for our customers. Successful field execution is the foundation of our success," stated Randy Boomhour, COO of CEMATRIX.
“我們要感謝CEMATRIX的所有員工，特別是我們的現場工作人員，他們繼續安全、高效地按時、按預算和按質量完成我們客戶的項目。成功的現地執行是我們成功的基礎，”CEMATRIX的首席運營官Randy Boomhour說。
"We continue to work on a number of initiatives to grow shareholder value as evidenced by our recent uplisting to the TSX. We recently completed a new financing that strengthened our balance sheet and increased CEMATRIX's institutional ownership with quality investors committed to our long-term success," continued Jeff Kendrick.
“我們將繼續推動一系列旨在增加股東價值的計劃，如最近我們上市到TSX，完成的新融資增強了我們的資產負債表，並與致力於我們長期成功的優質投資者一起增加CEMATRIX的機構所有權，”Jeff Kendrick繼續說道。
"Our commitment to growth and shareholder value remains unwavering as we continue to foster strong organic growth and maintain a robust balance sheet. With management holding a significant stake in the company, our interests are closely aligned with those of our shareholders. As we execute our strategic plan, we are optimistic about the remainder of 2024 and beyond, confident that our product offerings and the advantages that it delivers to customers will continue to bring tremendous opportunities for our business," concluded Jeff Kendrick.
“我們繼續致力於增長和股東價值，堅持保持強勁的有機增長和健康的資產負債表。作爲管理層在公司的重要持股者，我們的利益與我們的股東密切相關。隨着我們執行我們的戰略計劃，我們對2024年和以後的未來充滿信心，相信我們的產品和客戶所收穫的優勢將繼續爲我們的業務帶來巨大的機會，”Jeff Kendrick總結道。
The following are the business and financial highlights for the second quarter and year to date:
以下是該季度和截至目前的業務和財務亮點：
Business highlights for the quarter:
該季度業務亮點：
- Announced $7.6 million in new contracts and a reduction in scope of a previously awarded tunnel project (April 26, 2024)
- Announced $5.6 million in new contracts (June 5, 2024)
- Announced an increase to its Credit Facility to $8.0 million (June 27, 2024)
- 宣佈新合同760萬美元和之前獲得的隧道項目規模減小（2024年4月26日）
- 宣佈新合同560萬美元（2024年6月5日）
- 宣佈將信貸額度提高至800萬美元（2024年6月27日）
Business highlights subsequent to the quarter:
季度後的業務亮點：
- Announced $9.7 million in new contracts (July 10, 2024)
- Announced uplisting to TSX and new ticker symbol CEMX (July 15, 2024)
- Announced $3.5 million bought deal private placement (July 17, 2024)
- Announced closing of $6.6 million bought deal private placement (July 29, 2024)
- Announced the retirement of esteemed board member, Mr. Bob Benson (August 1, 2024)
- 公佈新合同970萬美元（2024年7月10日）
- 公佈上市到TSX並新的股票代碼CEMX（2024年7月15日）
- 公佈350萬美元定向增發（2024年7月17日）
- 公佈660萬美元定向增發的收購（2024年7月29日）
- 公佈董事會著名成員Bob Benson的退休（2024年8月1日）
Summary financial results:
摘要財務業績：
|
Three months ended June 30, |
Six months ended June 30, |
||||||||||||||||
| ($millions) | 2024 | 2023 | Change | % | 2024 | 2023 | Change | % | |||||||||
| Revenue | 6.4 | 6.2 | 0.2 | 3% | 14.9 | 13.4 | 1.5 | 11% | |||||||||
| Gross Margin | 1.1 | 1.1 | - | 0% | 3.6 | 1.9 | 1.7 | 89% | |||||||||
| Gross Margins % | 17% | 18% | (1%) | (3%) | 24% | 14% | 10% | 70% | |||||||||
| SG&A | 2.2 | 2.1 | 0.1 | 5% | 4.4 | 4.0 | 0.4 | 10% | |||||||||
| Operating Income | (1.1) | (1.0) | (0.1) | -(10%) | (0.8) | (2.1) | 1.3 | 62% | |||||||||
| Adjusted EBITDA | (0.5) | (0.4) | (0.1) | (25%) | 0.5 | (1.1) | 1.6 | 145% | |||||||||
| Cashflow from Operations | (0.5) | (0.5) | - | 0% | 0.4 | (1.2) | 1.6 | 133% | |||||||||
| 截至三個月結束時 2020年6月30日 |
截至2022年6月30日的六個月 2020年6月30日 |
||||||||||||||||
| （數以百萬計的美元） | 2024 | 2023 | 變更 | % | 2024 | 2023 | 變更 | % | |||||||||
| 營業收入 | 6.4 | 6.2 | 0.2 | 3% | 14.9 | 13.4 | 1.5 | 11% | |||||||||
| 毛利率 | 1.1 | 1.1 | - | 0% | 3.6 | 1.9 | 1.7 | 89% | |||||||||
| 毛利率% | 17% | 18% | (1%) | （3%） | 24% | 14% | 10% | 70% | |||||||||
| 銷售及行政開支 | 2.2 | 2.1 | 0.1 | 5% | 4.4 | 4.0 | 0.4 | 10% | |||||||||
| 營業收入 | (1.1) | (1.0) | (0.1) | -（10%） | (0.8) | (2.1) | 1.3 | 62% | |||||||||
| 調整後的EBITDA | (0.5) | (0.4) | (0.1) | (25%) | 0.5 | (1.1) | 1.6 | 145% | |||||||||
| 經營現金流量 | (0.5) | (0.5) | - | 0% | 0.4 | (1.2) | 1.6 | 133% | |||||||||
Cashflow from Operations is before working capital adjustments. Adjusted EBITDA is a non-GAAP measure. The Company defines and provides the calculation for adjusted EBITDA in its MD&A.
經營活動產生的現金流量是在營運資本調整前的。調整後的EBITDA是非GAAP財務指標。公司在其MD&A中定義並提供了調整後的EBITDA的計算方法。
Second quarter financial results webinar
二季度財務業績網絡研討會
Management will host a webinar at 1:00 p.m. ET on Thursday, August 8, 2024, to discuss CEMATRIX's second quarter financial results, provide a corporate update and conclude with a question-and-answer session from online participants.
管理層將於2024年8月8日星期四下午1點（美國東部時間）主持網絡研討會，討論CEMATRIX的第二季度財務業績，提供公司更新，並最後進行網上參與者的問答環節。
Register in advance for this webinar:
After registering, you will receive a confirmation email containing information about joining the webinar.
提前註冊此網絡研討會：
註冊後，您將收到一封確認郵件，其中包含有關加入網絡研討會的信息。
ABOUT CEMATRIX
關於CEMATRIX
CEMATRIX is a rapidly growing company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations across North America. This unique cement-based material with superior thermal protection delivers cost-effective, innovative solutions to a broad range of problems facing the infrastructure, industrial (including oil and gas) and commercial markets. Through recent acquisitions of Chicago based MixOnSite and Bellingham based Pacific International Grout, CEMATRIX is now North America's largest Cellular Concrete company. For more information please visit our website at .
CEMATRIX是一家快速發展的製造和供應先進細胞混凝土產品的公司，在北美範圍內，根據專有配方開發。這種獨特的基於水泥的材料具有出色的熱保護性能，爲基礎設施、工業（包括油氣）和商業市場面臨的廣泛問題提供了成本效益高、創新的解決方案。通過最近收購總部位於芝加哥的MixonSite和總部位於貝靈漢的太平洋國際灌漿公司，CEMATRIX現已成爲北美最大的細胞混凝土公司。有關更多信息，請訪問我們的網站。
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS
關於前瞻性聲明的警告聲明。
This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". The forward-looking statements contained in this news release are based on certain key expectations and assumptions made by the Company, including satisfaction of regulatory requirements in various jurisdictions and the Company's anticipated use of the net proceeds of the Offering. Forward looking statements involve risks, uncertainties and other factors disclosed under the heading "Risk Factors" and elsewhere in the Company's filings with Canadian securities regulators, which could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements.
本新聞稿包含預測性陳述和預測性信息（統稱爲“預測性陳述”），這些預測性陳述基於適用證券法規定的前提和假設。所有聲明，除歷史事實陳述外，均爲預測性陳述。一般而言，預測性陳述可以通過使用“計劃”、“預計”、“估計”、“打算”、“預計”、“相信”或這些詞或類似的詞語，或者陳述某些行爲、事件或結果“可能”、“可能”、“可能導致”、“可能導致”、“可能被實現”、“發生”或“實現”。本新聞稿中包含的預測性陳述基於公司制定的某些關鍵期望和假設，包括在各個司法管轄區滿足監管要求和公司預期利用配售收益。預測性陳述涉及風險、不確定性和其他在公司在加拿大證券監管機構的文件中披露的因素，這些因素可能導致實際結果、業績、前景和機會與這些預測性陳述所表達的結果、性能、前景和機會不同。
Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
儘管公司相信制定這些預測性陳述所使用的前提和因素基於當下管理層當前可用的信息是合理的，但實際結果和發展可能與這些聲明所考慮的不同。因此，讀者應該注意不要過分依賴這些聲明，這些聲明僅適用於本新聞稿的發佈日期，無法保證在披露時限或根本不會發生這樣的事件。在適用法律要求的情況下，公司否認承擔任何更新或修改任何預測性陳述的意圖或義務，無論是因爲新資料、未來事件還是其他原因。
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.
TSX tsx Venture交易所及其監管服務提供商（如TSX Venture交易所的政策中所定義的那樣）不承擔此發佈的充分性或準確性的責任。
For further information, please contact:
Jeff Kendrick - President and Chief Executive Officer
Phone: (403) 219-0484
如需更多信息，請聯繫：
傑夫•肯德里克（Jeff Kendrick） - 總裁兼首席執行官
電話：（403）219-0484
Glen Akselrod – President, Bristol Capital
Phone: (905) 326 1888 ext 1
glen@bristolir.com
格倫•阿克塞羅德（Glen Akselrod） - 總裁，布里斯托爾資本
電話：（905）326 1888 分機1
glen@bristolir.com
Jeff Walker, The Howard Group – Investor Relations
Phone: (888) 221-0915 or (403) 221-0915
jeff@howardgroupinc.com
傑夫•沃克（Jeff Walker），霍華德集團 - 投資者關係
電話：（888）221-0915或（403）221-0915
jeff@howardgroupinc.com
譯文內容由第三人軟體翻譯。