rogers communications inc-b (RCI) Key Developments
Rogers Introduces Smart Home Monitoring
Feb 17 15
Rogers introduced Smart Home Monitoring, a new way for Vancouver and Lower Mainland residents to easily connect, protect and manage what's happening at home from anywhere, at any time using their mobile, tablet or computer. With Rogers Smart Home Monitoring, customers can choose from three different packages based on their needs and their budget. Unlike conventional security platforms, the system can connect to night vision cameras, lighting, door locks, appliances, thermostats, door and window sensors, and monitor for intruders, motion detection, water leaks, carbon monoxide, smoke and fire. All features can be customized and easily controlled through a mobile app. The Rogers Central Monitoring Station monitors 24/7 for emergency conditions with local police, fire and ambulance dispatch, and real time text and email alerts are sent to a customer's mobile, tablet or computer so they know when the kids or dog walker come and go or if someone's burning toast in the kitchen.
Rogers Communications Inc. Announces Un-Audited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015
Jan 29 15
Rogers Communications Inc. announced un-audited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net income of CAD 297 million or CAD 0.57 per diluted share compared to a CAD 320 million or CAD 0.62 per diluted share in 2013. The company reported operating revenue of CAD 3,366 million compared to CAD 3,243 million, income before income taxes of CAD 426 million against CAD 435 million, adjusted operating profit of CAD 1,233 million against CAD 1,167 million, adjusted net income of CAD 355 million or CAD 0.69 per diluted share against CAD 357 million or CAD 0.69 per diluted share, cash provided by operating activities of CAD 1,031 million against CAD 1,072 million, property, plant and equipment expenditures of CAD 664 million against CAD 703 million and free cash flow of CAD 275 million against CAD 109 million for the last year. The reductions of 1% in adjusted net income and 7% in net income are mainly due to a 10% increase in depreciation and amortization which more than offset the 6% increase in adjusted operating profit.
For the year, the company reported net income of CAD 1,341 million or CAD 2.56 per diluted share compared to a CAD 1,669 million or CAD 3.22 per diluted share in 2013. The company reported operating revenue of CAD 12,850 million compared to CAD 12,706 million, income before income taxes of CAD 1,847 million against CAD 2,265 million, adjusted operating profit of CAD 5,019 million against CAD 4,993 million, adjusted net income of CAD 1,532 million or CAD 2.96 per diluted share against CAD 1,769 million or CAD 3.42 per diluted share, cash provided by operating activities of CAD 3,698 million against CAD 3,990 million, property, plant and equipment expenditures of CAD 2,366 million against CAD 2,240 million and free cash flow of CAD 1,437 million against CAD 1,548 million for the last year.
The company provided earnings guidance for the year 2015. For the year, the company expected adjusted operating profit in the range of CAD 5,020 to 5,175 million, additions to property, plant and equipment in the range of CAD 2,350 to 2,450 million and free cash flow in the range of CAD 1,350 to 1,500 million.
Rogers Communications Inc. Increases and Declares Annual and Quarterly Dividend, Quarterly Dividend Payable on April 1, 2015
Jan 29 15
Rogers Communications Inc. announced that its Board of Directors has approved a 5% increase to the annualized dividend rate from $1.83 to $1.92 per Class A Voting and Class B Non-Voting share. Effective immediately, the new quarterly dividend rate will be 48 cents per share. Following the approval of the dividend increase, the Rogers Board declared a 48 cent quarterly dividend on each
of its outstanding Class A Voting shares and Class B Non-Voting shares. This quarterly dividend will be paid on April 1, 2015 to shareholders of record on March 13, 2015, and is the first quarterly dividend to reflect the newly increased $1.92 per share annualized dividend level. Such quarterly dividends are only payable as and when declared by Rogers' Board and there is no entitlement to any dividend prior thereto.
Rogers Mulls Acquisitions
Jan 29 15
Rogers Communications Inc. (TSX:RCI.B) is looking for acquisitions. Tony Staffieri, Executive Vice President and Chief Financial Officer of Rogers Communications Inc. said, "We'll continue to make the right acquisitions and for the most part, they've been tuck-in and our largest capital expenditure has been on spectrum, which is critical as we look at it over the long term."
Rogers Communications Inc. Announces Executive Changes
Jan 19 15
Rogers Communications Inc. announced the appointment of Dirk Woessner to President of the Consumer Business Unit, effective April 6, 2015. Woessner joins Rogers from Deutsche Telekom. As President of the Consumer Business Unit, Woessner will be responsible for delivering the company's Consumer business strategy, including product development, sales channel operations, pricing and customer base management. Woessner will report to CEO Guy Laurence and be a member of the Executive team. Woessner will succeed Rob Bruce, who announced his plan to leave Rogers after more than a decade with the company.