Last C$7.36 CAD
Change Today -0.09 / -1.21%
Volume 113.0K
As of 10:52 AM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

extendicare inc (EXE) Snapshot

Open
C$7.47
Previous Close
C$7.45
Day High
C$7.47
Day Low
C$7.30
52 Week High
08/20/14 - C$8.80
52 Week Low
01/14/15 - C$6.20
Market Cap
649.5M
Average Volume 10 Days
380.9K
EPS TTM
C$-0.14
Shares Outstanding
88.1M
EX-Date
02/25/15
P/E TM
--
Dividend
C$0.48
Dividend Yield
6.57%
Current Stock Chart for EXTENDICARE INC (EXE)

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extendicare inc (EXE) Details

Extendicare Inc. provides long-term senior care services. The company operates in two segments, the United States Operations and Canada Operations. It offers post-acute, rehabilitative therapies, and long-term care through its network of owned and operated senior care centers comprising nursing centers. The company provides health care services, including nursing care, assisted living, and related medical specialty services, such as post-acute care and rehabilitative therapy on an inpatient and outpatient basis; and home health care services. As of December 31, 2013, it operated approximately 249 senior care centers with capacity for approximately 27,686 residents. The company was founded in 1968 and is based in Markham, Canada.

16,800 Employees
Last Reported Date: 02/25/15
Founded in 1968

extendicare inc (EXE) Top Compensated Officers

Chief Executive Officer, President and Non In...
Total Annual Compensation: C$827.1K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$180.2K
President of Extendicare (Canada) Inc
Total Annual Compensation: C$227.4K
Senior Vice President of Operations - Extendi...
Total Annual Compensation: C$361.4K
Compensation as of Fiscal Year 2013.

extendicare inc (EXE) Key Developments

Extendicare Seeks Aqcuisitions

Extendicare Inc. (TSX:EXE) is looking for acquisitions. Tim Lukenda, President and Chief Executive Officer of Extendicare, states, "We don't have a defined target. We're going to explore opportunities with a view to growing our nongovernment-dependent revenues through acquisition opportunities in the retirement space and building out our private portion of home care and growing in both areas. So rather than -- we intend to grow into a different diversification of our overall portfolio. In a perfect world, I would like to see us have a significant participation in long-term care, assisted living, independent living and in-home care and that will take some time. It will be dependent on rooting out the right opportunities at the right prices, but that is our goal."

Extendicare Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides FFO Guidance for the Full Year 2015

Extendicare Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. Consolidated continuing operations - net operating income was relatively flat at CAD 29.3 million in the 2014 fourth quarter compared to CAD 29.2 million in the same 2013 period, representing 13.8% and 14.2% of revenue, respectively. Net operating income of its U.S. operations improved by CAD 0.6 million, and was partially offset by a decline in net operating income of CAD 0.5 million from Canadian operations which was negatively impacted due to prior period revenue of CAD 1.2 million recorded in 2013 in its long-term care operations. Consolidated adjusted EBITDA increased by CAD 3.3 million to CAD 23.0 million in the 2014 fourth quarter from CAD 19.7 million in the same 2013 period, representing 10.8% and 9.6% of revenue, respectively. This improvement was primarily due to the decline in administrative costs of CAD 3.2 million. AFFO was CAD 19.4 million or CAD 0.221 per basic share in the 2014 fourth quarter compared to CAD 10.4 million or CAD 0.119 per basic share in the 2013 fourth quarter, representing an increase of CAD 9.0 million, of which CAD 5.4 million was from discontinued operations and CAD 3.6 million was from continuing operations. AFFO from continuing operations was CAD 10.6 million or CAD 0.121 per share in the 2014 fourth quarter compared to CAD 7.0 million in the 2013 fourth quarter or CAD 0.080 per share. The improvement of CAD 3.6 million was due to an increase in Adjusted EBITDA of CAD 3.3 million, lower net finance costs of CAD 1.1 million and a decline in maintenance capex of CAD 0.2 million, partially offset by higher current taxes of CAD 1.0 million. Maintenance capex from continuing operations of CAD 6.4 million in the 2014 fourth quarter was relatively unchanged from CAD 6.5 million incurred in the 2013 fourth quarter, and was higher from the 2014 third quarter level of CAD 3.4 million, representing 3.0%, 3.2% and 1.6% of revenue from continuing operations, respectively. Total revenues were CAD 212.836 million against CAD 205.400 million a year ago. Earnings before net finance costs and income taxes were CAD 9.192 million against CAD 13.069 million a year ago. Earnings from continuing operations before income taxes were CAD 2.029 million against CAD 4.982 million a year ago. Earnings from continuing operations were CAD 1.226 million against CAD 3.476 million a year ago. Net earnings were CAD 9.208 million against loss was CAD 6.269 million a year ago. Net cash from operating activities was CAD 16.893 million against CAD 24.424 million a year ago. Purchase of property, equipment and software – growth was CAD 0.266 million against CAD 0.539 million a year ago. Purchase of property, equipment and software - maintenance was CAD 9.899 million against CAD 12.254 million a year ago. FFO (continuing operations) was CAD 12.570 million or CAD 0.144 diluted per share against CAD 9.481 million or CAD 0.109 diluted per share a year ago. Consolidated continuing operations - revenue grew by CAD 32.3 million to CAD 816.1 million in 2014 from CAD 783.8 million in 2013, substantially all of which was from same-facility operations. Consolidated continuing operations - net operating income improved by CAD 1.9 million to CAD 108.0 million in 2014 from CAD 106.1 million in 2013, representing 13.2% and 13.5% of revenue, respectively. Consolidated adjusted EBITDA increased by CAD 5.1 million to CAD 74.6 million in 2014 from CAD 69.5 million in 2013, representing 9.1% and 8.9% of revenue, respectively. The improvement was realized from the increase in net operating income of CAD 1.9 million and the reduction in administrative and lease costs of CAD 3.2 million. AFFO was CAD 73.7 million or CAD 0.840 per basic share in 2014 compared to CAD 71.1 million or CAD 0.820 per basic share in 2013, representing an increase of CAD 2.6 million, of which CAD 1.5 million was from continuing operations and CAD 1.1 million were from discontinued operations. AFFO from continuing operations was CAD 34.4 million or CAD 0.392 per share in 2014 compared to CAD 32.9 million in 2013 or CAD 0.379 per share. The improvement of CAD 1.5 million was due to an increase in adjusted EBITDA of CAD 5.1 million, lower net finance costs of CAD 1.3 million, an increase in principal government capital funding payments of CAD 0.6 million, partially offset by higher current taxes of CAD 3.0 million and an increase in maintenance capex of CAD 2.5 million. For the year, maintenance capex from continuing operations was CAD 12.8 million compared to CAD 10.3 million in 2013, representing 1.6% and 1.3% of revenue from continuing operations, respectively. Total revenues were CAD 816.119 million against CAD 783.809 million a year ago. Earnings before net finance costs and income taxes were CAD 39.791 million against CAD 45.951 million a year ago. Earnings from continuing operations before income taxes were CAD 8.841 million against CAD 16.295 million a year ago. Earnings from continuing operations were CAD 4.322 million against CAD 10.165 million a year ago. Net loss was CAD 18.753 million against income of CAD 5.283 million a year ago. Net cash from operating activities was CAD 85.607 million against CAD 97.916 million a year ago. Purchase of property, equipment and software – growth was CAD 2.782 million against CAD 27.515 million a year ago. Purchase of property, equipment and software - maintenance was CAD 27.441 million against CAD 28.238 million a year ago. FFO (continuing operations) was CAD 29.963 million or CAD 0.342 diluted per share against CAD 27.441 million or CAD 0.316 diluted per share a year ago. Net of term long-term debt of approximately USD 19 million. For 2015, the company expects FFO in the range of 20% to 25%.

Extendicare Inc. Declares Cash Dividend for the Month of February 2015, Payable on March 16, 2015

Extendicare Inc. announced that it has declared a cash dividend of CAD 0.04 per common share of the company for the month of February 2015, which is payable on March 16, 2015 to shareholders of record at the close of business on February 27, 2015. This dividend is designated as an ‘eligible dividend’ within the meaning of the Income Tax Act (Canada).

 

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EXE

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Valuation EXE Industry Range
Price/Earnings 100.0x
Price/Sales 0.7x
Price/Book NM Not Meaningful
Price/Cash Flow 114.6x
TEV/Sales 0.1x
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