Latest news with #CanlanIceSports
Associated Press
4 days ago
- Business
- Associated Press
Canlan Reports Q2 Revenue Growth and Expansion of Game Deck(TM)
Burnaby, British Columbia--(Newsfile Corp. - August 13, 2025) - Canlan Ice Sports Corp. (TSX: ICE) (the 'Corporation') today reported its financial results for the second quarter ended June 30, 2025. Overview of Q2 2025 Three Months and Six Months Ended June 30, 2025 Results [This table cannot be displayed. Please visit the source.] [This table cannot be displayed. Please visit the source.] Second Quarter Results (three months ended June 30, 2025 compared with three months ended June 30, 2024) Six Months Ended June 30, 2025 Results (six months ended June 30, 2025 compared with six months ended June 30, 2024) 'The first half of 2025 has been an exciting and productive time for Canlan Sports. Not only did we surpass both our prior year's performance and our internal targets for league registrations, but we also saw major strides in the realization of key strategic investments. From restaurant renovations and the launch of Game Deck to the expansion of our turf fields at Canlan Sports - Libertyville, our teams have worked tirelessly to enhance our facilities and customer experience. The early results have been encouraging, and we remain committed to elevating every touchpoint of our guests' journeys through these new amenities,' said Joey St-Aubin, President and CEO of Canlan Sports. Dividend Policy Canlan's Board of Directors has approved the continuation of the Corporation's quarterly dividend policy. As such, the Board declared eligible dividends totaling $0.03 per common share that will next be paid on October 15, 2025 to shareholders of record at the close of business September 30, 2025. Canlan's Board of Directors reviews the Corporation's dividend policy on a quarterly basis. Canlan's dividend is designated as an 'eligible' dividend under the Income Tax Act (Canada) and any corresponding provincial legislation. Under this legislation, individuals resident in Canada may be entitled to enhanced dividend tax credits, which reduce income tax otherwise payable. Filings Canlan's financial statements and Management's Discussion & Analysis for the quarter ended June 30, 2025 will be available via SEDAR+ ( ) on or before August 14, 2025 and through the Company's website, About Canlan Canlan Sports is the North American leader in the operations and ownership of multi-purpose recreation and entertainment facilities. We are amongst the largest private sector owners and operators of recreation facilities in North America and currently own, lease and/or manage 15 facilities in Canada and the United States with 47 ice surfaces, as well as 10 indoor soccer fields, and 18 hard court surfaces. To learn more about Canlan please visit Canlan Ice Sports Corp. has proudly been listed on the Toronto Stock Exchange for over 35 years and the stock trades under the symbol 'ICE.' Caution concerning forward-looking statements This News Release may contain information that constitutes 'forward-looking' information within the meaning of applicable securities laws. Often, but not always, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects', 'is expected', 'budgets', 'scheduled', 'estimates', 'forecasts', 'predicts', 'projects', 'intends', 'targets', 'aims', 'anticipates' or 'believes' or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions 'may', 'could', 'should', 'would', 'might' or 'will' be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, anticipated benefits of capital expenditures (including energy efficiencies and enhanced customer experiences) and expectations of business growth. Forward-looking information is based on the reasonable assumptions, estimates, analyses, beliefs and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable at the date that such information is disclosed. Forward-looking information is subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Canlan to control or predict, that may cause Canlan's actual results, performance or achievements to be materially different from those expressed or implied thereby. Material risk factors that could cause actual results to differ materially from the forward-looking information provided herein include those factors identified in Canlan's public disclosure file available at in particular, the risk factors set out under the heading 'Risk Factors' in the Company's MD&A available for review on the Company's profile at Such forward-looking information represents management's best judgment based on information currently available. Accordingly, readers are advised not to place undue reliance on forward-looking information. The forward-looking information herein is made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable securities law. For more information: Canlan Ice Sports Corp. Ivan Wu CFO 604 736 9240 1 Operating earnings is defined as earnings after general and administrative expenses and before interest, depreciation, foreign currency exchange, gain on assets sold and income tax. However, operating earnings is not a term that has specific meaning in accordance with IFRS, and may be calculated differently by other companies. Canlan reconciles operating earnings to its net earnings. To view the source version of this press release, please visit
Yahoo
19-06-2025
- Business
- Yahoo
Canlan Reports Voting Results from the 2025 Annual General Meeting of Shareholders
Burnaby, British Columbia--(Newsfile Corp. - June 19, 2025) - The Annual General Meeting of Shareholders (the "Meeting") of Canlan Ice Sports Corp. (TSX: ICE) (the "Company") was held on June 19, 2025, at ScotiaBarn in Burnaby, BC. Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated May 15, 2025, which can be found on the website The total number of shares represented by shareholders in person and by proxy at the meeting was 10,343,857 shares, representing approximately 77.56% of the Company's outstanding shares. The voting in relation to the election of directors was conducted by way of ballot at the Meeting and the results were as follows: Name of Director Votes for Votes Withheld* Frank D. Barker 99.99% 0.01% Geoffrey J. Barker 99.99% 0.01% Doug Brownridge 100.00% 0.00% Connie Carras 100.00% 0.00% Don Crowe 100.00% 0.00% Victor D'Souza 100.00% 0.00% Chris McMullen 100.00% 0.00% Joey St-Aubin 99.99% 0.01% The Company has also filed a report of voting results on all other resolutions voted on at the Meeting on About Canlan Canlan Ice Sports Corp. is the North American leader in the development, operations and ownership of multi-purpose recreation and entertainment facilities. We are the largest private sector owner and operator of recreation facilities in North America and currently own, lease and/or manage 15 facilities in Canada and the United States with 47 ice surfaces, as well as 10 indoor soccer fields, and 18 hard court services. To learn more about Canlan please visit Canlan Ice Sports Corp. is listed on the Toronto Stock Exchange under the symbol "ICE." For more information: Canlan Ice Sports WuCFO604 736 9152 To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-05-2025
- Business
- Yahoo
Returns On Capital Are Showing Encouraging Signs At Canlan Ice Sports (TSE:ICE)
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Speaking of which, we noticed some great changes in Canlan Ice Sports' (TSE:ICE) returns on capital, so let's have a look. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for Canlan Ice Sports, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.067 = CA$6.9m ÷ (CA$129m - CA$26m) (Based on the trailing twelve months to March 2025). Thus, Canlan Ice Sports has an ROCE of 6.7%. Ultimately, that's a low return and it under-performs the Hospitality industry average of 9.1%. Check out our latest analysis for Canlan Ice Sports While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you'd like to look at how Canlan Ice Sports has performed in the past in other metrics, you can view this free graph of Canlan Ice Sports' past earnings, revenue and cash flow. Canlan Ice Sports has not disappointed with their ROCE growth. Looking at the data, we can see that even though capital employed in the business has remained relatively flat, the ROCE generated has risen by 234% over the last five years. So our take on this is that the business has increased efficiencies to generate these higher returns, all the while not needing to make any additional investments. It's worth looking deeper into this though because while it's great that the business is more efficient, it might also mean that going forward the areas to invest internally for the organic growth are lacking. In summary, we're delighted to see that Canlan Ice Sports has been able to increase efficiencies and earn higher rates of return on the same amount of capital. Since the stock has only returned 33% to shareholders over the last five years, the promising fundamentals may not be recognized yet by investors. So with that in mind, we think the stock deserves further research. Canlan Ice Sports does come with some risks though, we found 4 warning signs in our investment analysis, and 2 of those make us uncomfortable... If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-03-2025
- Business
- Yahoo
Canlan Ice Sports (TSE:ICE) Will Pay A Dividend Of CA$0.03
The board of Canlan Ice Sports Corp. (TSE:ICE) has announced that it will pay a dividend of CA$0.03 per share on the 15th of April. This payment means that the dividend yield will be 3.1%, which is around the industry average. We aren't too impressed by dividend yields unless they can be sustained over time. Prior to this announcement, Canlan Ice Sports' dividend was comfortably covered by both cash flow and earnings. This indicates that quite a large proportion of earnings is being invested back into the business. Over the next year, EPS could expand by 2.7% if recent trends continue. If the dividend continues along recent trends, we estimate the payout ratio will be 57%, which is in the range that makes us comfortable with the sustainability of the dividend. Check out our latest analysis for Canlan Ice Sports The company's dividend history has been marked by instability, with at least one cut in the last 10 years. The annual payment during the last 10 years was CA$0.08 in 2015, and the most recent fiscal year payment was CA$0.12. This implies that the company grew its distributions at a yearly rate of about 4.1% over that duration. The dividend has seen some fluctuations in the past, so even though the dividend was raised this year, we should remember that it has been cut in the past. Growing earnings per share could be a mitigating factor when considering the past fluctuations in the dividend. Earnings per share has been crawling upwards at 2.7% per year. The company has been growing at a pretty soft 2.7% per annum, and is paying out quite a lot of its earnings to shareholders. This isn't necessarily bad, but we wouldn't expect rapid dividend growth in the future. In summary, we are pleased with the dividend remaining consistent, and we think there is a good chance of this continuing in the future. The dividend has been at reasonable levels historically, but that hasn't translated into a consistent payment. The payment isn't stellar, but it could make a decent addition to a dividend portfolio. It's important to note that companies having a consistent dividend policy will generate greater investor confidence than those having an erratic one. However, there are other things to consider for investors when analysing stock performance. To that end, Canlan Ice Sports has 4 warning signs (and 2 which shouldn't be ignored) we think you should know about. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
