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CanWel Building Materials Group Ltd (CWX.TO)

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Latest Key Developments (Source: Significant Developments)

CanWel Building Materials Q1 Revenue C$281.9 Million
Friday, 10 May 2019 

May 9 (Reuters) - CanWel Building Materials Group Ltd ::CANWEL BUILDING MATERIALS ANNOUNCES FIRST QUARTER 2019 FINANCIAL RESULTS.Q1 REVENUE C$281.9 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$288.9 MILLION.NET LOSS FOR QUARTER ENDED MARCH 31, 2019 WAS $0.4 MILLION COMPARED TO NET EARNINGS OF $6.5 MILLION.  Full Article

CanWel Building Materials Announces Acquisition Of Lignum Forest Products LLP
Wednesday, 27 Mar 2019 

March 27 (Reuters) - CanWel Building Materials Group Ltd ::CANWEL BUILDING MATERIALS ANNOUNCES ACQUISITION OF LIGNUM FOREST PRODUCTS LLP.CANWEL BUILDING MATERIALS GROUP LTD - PURCHASE PRICE OF ACQUISITION WILL BE SATISFIED FROM CANWEL'S CURRENT BALANCE SHEET.CANWEL BUILDING MATERIALS GROUP LTD - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO CANWEL'S FISCAL 2019 FINANCIAL RESULTS.  Full Article

Canwel Building Materials Announces Third Quarter 2018 Financial Results
Friday, 9 Nov 2018 

CanWel Building Materials Group Ltd ::CANWEL BUILDING MATERIALS ANNOUNCES THIRD QUARTER 2018 FINANCIAL RESULTS.Q3 REVENUE C$350.2 MILLION VERSUS I/B/E/S VIEW C$370 MILLION.QTRLY NET EARNINGS $8.5 MILLION VERSUS $11.6 MILLION A YEAR AGO.  Full Article

Canwel Building Materials Announces $60 Mln Senior Unsecured Note Financing
Monday, 17 Sep 2018 

Sept 17 (Reuters) - CanWel Building Materials Group Ltd ::CANWEL BUILDING MATERIALS GROUP LTD. ANNOUNCES $60,000,000 MILLION BOUGHT DEAL OF SENIOR UNSECURED NOTE FINANCING.SAYS UNDERWRITERS AGREED TO BUY $60 MILLION OF SENIOR UNSECURED NOTES OF CO AT $1,000 PER NOTE.  Full Article

Canwel Building Materials Q1 Revenue C$295 Million
Wednesday, 9 May 2018 

May 8 (Reuters) - CanWel Building Materials Group Ltd ::CANWEL BUILDING MATERIALS ANNOUNCES FIRST QUARTER 2018 FINANCIAL RESULTS.Q1 REVENUE C$295 MILLION VERSUS I/B/E/S VIEW C$286.3 MILLION.QTRLY NET EARNINGS $6.5 MILLION.  Full Article

Canwel Building Materials Says Qtrly ‍revenues Increased By 28.9% To $276.2 Million​
Friday, 9 Mar 2018 

March 8 (Reuters) - Canwel Building Materials Group Ltd ::CANWEL BUILDING MATERIALS ANNOUNCES FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS.QTRLY ‍REVENUES INCREASED BY 28.9% TO A $276.2 MILLION​.QTRLY ‍NET EARNINGS INCREASED TO $7.1 MILLION VERSUS $3.7 MILLION IN Q4 2016, EXCLUDING NON-RECURRING COSTS​.  Full Article

Canwel Building Materials posts Q3 revenue of C$317 mln
Friday, 10 Nov 2017 

Nov 9 (Reuters) - Canwel Building Materials Group Ltd :Canwel building materials announces third quarter 2017 financial results.Q3 revenue C$317 million versus I/B/E/S view C$296 million.During Q3, gross margin was $41.6 million, compared to $35.1 million during corresponding period in 2016​.Net earnings before non-recurring items increased to $11.9 million during Q3 of 2017 versus $7.5 million in Q3 2016.  Full Article

CanWel announces $100 mln acquisition of Hawaiian building products company, concurrent $50 mln bought deal equity financing
Tuesday, 5 Sep 2017 

Sept 5 (Reuters) - Canwel Building Materials Group Ltd ::Canwel announces $100 million acquisition of leading Hawaiian building products company and concurrent $50 million bought deal equity financing.Canwel Building Materials Group Ltd - ‍canwel will acquire 100% of honsador building products group of companies for us$80.0 million in cash​.Canwel Building Materials - ‍honsador is being acquired on cash-free & debt-free basis, includes assumption of approximately us$26 million of net working capital​.Canwel Building Materials Group Ltd - ‍underwriters have agreed to purchase 8.6 million subscription receipts at a price of $5.85 per subscription receipt​.Canwel Building Materials Group Ltd- transaction is expected to be positively accretive to canwel's annual earnings and free cash flow per share.Canwel Building Materials Group - ‍reached deal to amend existing $325 million senior credit facility with Wells Fargo capital finance corporation Canada​.Canwel Building Materials Group Ltd - ‍net proceeds from offering will be used to partially finance transaction consideration​.Canwel Building Materials Group Ltd - transaction will result in honsador becoming an indirect wholly-owned subsidiary of canwel.Canwel Building-transaction being funded through a combination of offering, canwel's existing revolving credit facilities.Canwel Building-‍agreement to amend senior credit facility by amending revolving credit limit to $300 million, accordion acquisition credit limit to $25 million​.  Full Article

Canwel Building Materials Q2 EBITDA C$20.5 million
Friday, 28 Jul 2017 

July 27 (Reuters) - Canwel Building Materials Group Ltd :Canwel Building Materials announces second quarter 2017 financial results.Q2 revenue c$320 million versus I/B/E/S view C$301.2 million.Q2 EBITDA C$20.5 million.Canwel Building Materials Group Ltd qtrly net earnings increased by 13.4% to $11.0 million, before non-recurring items.Q2 revenue view C$301.2 million -- Thomson Reuters I/B/E/S.  Full Article