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Last C$42.20 CAD
Change Today -0.38 / -0.89%
Volume 4.8K
LGT/B On Other Exchanges
Symbol
Exchange
Toronto
Toronto
OTC US
As of 4:00 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

logistec corp - class b (LGT/B) Snapshot

Open
C$44.05
Previous Close
C$42.58
Day High
C$44.05
Day Low
C$42.03
52 Week High
07/22/15 - C$49.00
52 Week Low
03/27/15 - C$34.71
Market Cap
523.7M
Average Volume 10 Days
3.5K
EPS TTM
C$2.19
Shares Outstanding
5.0M
EX-Date
09/29/15
P/E TM
19.3x
Dividend
C$0.33
Dividend Yield
0.65%
Current Stock Chart for LOGISTEC CORP - CLASS B (LGT/B)

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logistec corp - class b (LGT/B) Details

Logistec Corporation, together with its subsidiaries, provides cargo handling and other services to marine, industrial, and municipal customers in Canada and the United States. The company operates in two segments, Marine Services and Environmental Services. The Marine Services segment engages in stevedoring and terminal operations in 32 ports in eastern North America that specialize in handling various types of dry cargo, including bulk, break-bulk, and containers. It also offers material loading and unloading, container stuffing and destuffing, ship dockage, rail and road transportation, storage, tailgating (truck loading and discharging), and marine agency services to industrial customers. In addition, this segment provides marine transportation services to the Arctic communities; marine agency services to foreign ship owners and operators serving the Canadian market; and coal transportation services through railway in Cape Breton, Canada. It operates four ice-class vessels. The Environmental Services segment is involved in the trenchless structural rehabilitation of underground water mains, regulated materials management, site remediation, risk assessment, and woven-hose manufacturing. It serves industries, governments, and municipalities. In addition, the company offers passenger services, such as handling baggage and mooring passenger vessels. The company was formerly known as Quebec Terminals Ltd. and changed its name to Logistec Corporation in April 1969. Logistec Corporation was founded in 1952 and is headquartered in Montreal, Canada.

1,474 Employees
Last Reported Date: 03/24/15
Founded in 1952

logistec corp - class b (LGT/B) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$468.3K
Vice President of Finance and Assistant Secre...
Total Annual Compensation: C$271.0K
Executive Vice-President of Operations
Total Annual Compensation: C$333.3K
President of Sanexen Environmental Services I...
Total Annual Compensation: C$366.3K
Senior Vice-President of Commercial & Busines...
Total Annual Compensation: C$311.3K
Compensation as of Fiscal Year 2014.

logistec corp - class b (LGT/B) Key Developments

Logistec Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 27, 20155; Provides Earnings Guidance for 2015

Logistec Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 27, 2015. For the second quarter of 2015, revenue totaled CAD 89.3 million, an increase of CAD 10.6 million or 13.4% over CAD 78.7 million in the same period of 2014. The weaker Canadian dollar against the USD had a positive impact of CAD 3.9 million on revenue in the second quarter of 2015, in comparison with the Canadian/U.S. dollar translation rate in the second quarter of 2014. The second quarter of 2015 closed with a profit attributable to owners of the company of CAD 6.7 million, down from the same period of 2014 of CAD 7.44 million. Although operating profit was very similar to last year, overall results were affected by various tax adjustments in 2014 that explain the higher net profit in the second quarter of 2014. For the second quarter of 2015, the profit attributable to owners of the company translated into total basic and diluted earnings per share of CAD 0.54, of which CAD 0.51 was attributable to Class A common shares and CAD 0.57 was attributable to Class B subordinate voting shares compared to CAD 0.57 was attributable to Class A common shares and CAD 0.62 was attributable to Class B subordinate voting shares for the same period last year. Operating profit was CAD 10.64 million against CAD 10.73 million a year ago. Profit before income taxes was CAD 10.46 million against CAD 10.69 million a year ago. Cash from operating activities was CAD 6.87 million against CAD 19.4 million a year ago. Acquisition of property, plant and equipment was CAD 11.68 million against CAD 14.57 million a year ago. Acquisition of intangible assets was CAD 0.045 million against CAD 0.123 million a year ago. For the first six months of 2015, revenue rose to a total of CAD 149.6 million, compared with CAD 141.4 million for the first half of 2014. The profit attributable to owners of the company amounted to CAD 9.2 million for total basic and diluted earnings per share of CAD 0.74, of which CAD 0.70 was attributable to Class A common shares and CAD 0.78 was attributable to Class B subordinate voting shares compared to CAD 11.79 million or basic and diluted earnings per share totalled CAD 0.93, of which CAD 0.90 was attributable to Class A common shares and CAD 0.98 was attributable to Class B subordinate voting shares for the same period last year. Operating profit was CAD 13.52 million against CAD 16.7 million a year ago. Profit before income taxes was CAD 13.18 million against CAD 16.7 million a year ago. The company provided guidance for 2015. Overall, outlook can be qualified as cautiously optimistic. Environmental services segment should keep up its positive momentum on the strength of a well-filled order backlog. In cargo-handling, a few headwinds, namely a warehouse flooding in Virginia and a fire in Georgia, have led to be a little more cautious as to the outlook for year-end results.

Logistec Corporation Declares Quarterly Dividends on Class A and B Shares, Payable on October 1, 2015

The board of directors of Logistec Corporation announced that it elected to increase the dividend payment by 20%, and has declared quarterly dividends of $0.075 per share on all outstanding Class A common shares and $0.0825 per share on all outstanding Class B subordinate voting shares. The dividends will be paid on October 15, 2015 to all company shareholders of record at the close of business on October 1, 2015. This dividend is an eligible dividend for Canada Revenue Agency purposes. Dividends paid during 2014 totaled $0.97 per Class A common share and $1.067 per Class B subordinate voting share.

Logistec Corporation Appoints J. Mark Rodger as Director

Logistec Corp. in its AGM held on May 8,2015, appointed J. Mark Rodger as Director.

 

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