Latest news with #RandyBoomhour
Yahoo
21-05-2025
- Business
- Yahoo
CEMATRIX Announces $5.7 Million in New Contract Awards
CALGARY, Alberta, May 21, 2025 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSX: CEMX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company"), a specialty construction contractor that produces cellular concrete solutions on site and is a leading manufacturer and supplier of cellular concrete in North America announced today that it has won $5.7 million in new contract awards. New Contract Award Details: a significant contract for a tunnel grouting application; the remaining projects are all small to mid-sized projects for light weight fill applications in Canada and the US. 'These most recent contract awards add to our backlog and add to our strong start to the year for our sales teams,' stated Randy Boomhour, President and CEO of CEMATRIX Corporation. 'Our focus remains on providing value to our customers by consistently delivering a quality product, on time and on budget. Every successful project strengthens our reputation and makes the next sales process easier. These new awards continue to demonstrate the confidence that our customers have in CEMATRIX's sales and operations teams to deliver a quality solution to their geotechnical construction needs.' For more information about CEMATRIX please visit ABOUT CEMATRIX CEMATRIX is a specialty construction contractor that produces cellular concrete solutions on site. Cellular concrete is a flowable, self-leveling, cement-based material with insulating properties. CEMATRIX provides customers with cost effective, innovative solutions to tough geotechnical construction challenges. Applications for cellular concrete include lightweight engineered fill, MSE & retaining wall fill, lightweight insulating road subbase, flowable self compacting fill, pipe & culvert abandonments, tunnel & annular grout, tunnel & shaft backfills, underwater / tremie fills, and shallow utility & foundation insulation. CEMATRIX is an early-stage growth Company with significant revenue, positive EBITDA, positive cashflow from operations, a very healthy balance sheet, and a strong team in place. The Company's wholly owned operating subsidiaries include CEMATRIX (Canada) Inc. ('CCI'), Chicago based MixOnSite USA Inc. ('MOS'), and Bellingham based Pacific International Grout Company ('PIGCO'). For more information, please visit our website at CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS The information in this press release includes certain forward-looking statements which may constitute forward-looking information under applicable securities laws. These forward-looking statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties. Forward-looking statements may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, ongoing objectives, strategies and outlook for CEMATRIX, including statements regarding: the anticipated commencement and completion of the project. Forward-looking statements may in some cases be identified by words such as "may," "will," "expects," "target," "future," "plans," "believes," "anticipates," "estimates," "projects," "intends," "should" or the negative of these terms, or similar expressions. In addition to events beyond CEMATRIX's control, there are factors which could cause actual or future results, performance or achievements to differ materially from those expressed or inferred herein including, but not limited to, the risk of not being able to meet contractual schedules and other performance requirements, the risks associated with a third party's failure to perform; the risk of not being able to meet its labour needs at reasonable costs; the risk of not being able to address any supply chain issues which may arise. These forward-looking statements are based on a variety of factors and assumptions including, but not limited to that: none of the risks identified above materialize, there are no unforeseen changes to economic and market conditions and no significant events occur outside the ordinary course of business. These assumptions are based on information currently available to CEMATRIX, including information obtained from third-party sources. While CEMATRIX believes that such third-party sources are reliable sources of information, CEMATRIX has not independently verified the information. CEMATRIX has not ascertained the validity or accuracy of the underlying economic assumptions contained in such information from third-party sources and hereby disclaims any responsibility or liability whatsoever in respect of any information obtained from third-party sources. Risk factors are discussed in greater detail in CEMATRIX's 2024 Management's Discussion and Analysis for the fiscal year ended December 31, 2024 and CEMATRIX's Annual Information Form dated December 31, 2024, each filed on SEDAR+ ( Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and CEMATRIX undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release. For further information, please contact: Jeff Walker, Vice President, The Howard GroupPhone: (888) 221-0915 or (403) 221-0915 jeff@ or Glen Akselrod, President, Bristol CapitalPhone: (905) 326-1888 ext. 1glen@ 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
17-04-2025
- Business
- Yahoo
CEMATRIX Announces $9.7 Million in New Contract Awards
CALGARY, Alberta, April 17, 2025 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSX: CEMX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company"), a specialty construction contractor that produces cellular concrete solutions on site and is a leading manufacturer and supplier of cellular concrete in North America announced today that it has won $9.7 million in new contract awards. New Contract Award Details: Notable projects include: a significant contract for a tunnel grouting application; a change order increasing the contract value for lightweight fill on a light rail transit extension project. 'Our focus is on providing value to our customers by consistently delivering a quality product, on time and on budget,' stated Randy Boomhour, President and CEO of CEMATRIX Corporation. 'Every successful project strengthens our reputation and make the next sales process easier. These new awards continue to demonstrate the confidence that our customers have in CEMATRIX's sales and operations teams to deliver a quality solution to their geotechnical construction needs.' 'With the spring construction season upon us, we look forward to a busy period that further solidifies CEMATRIX's position as a leading manufacturer, supplier and installer of cellular concrete in North America. We caution our retail shareholder base to not expect a new contract announcement each month. These new contracts are a strong start to the year and we look forward to announcing more contract wins in the future as they are awarded,' concluded Mr. Boomhour. For more information about CEMATRIX please visit ABOUT CEMATRIX CEMATRIX is a specialty construction contractor that produces cellular concrete solutions on site. Cellular concrete is a flowable, self-leveling, cement-based material with insulating properties. CEMATRIX provides customers with cost effective, innovative solutions to tough geotechnical construction challenges. Applications for cellular concrete include lightweight engineered fill, MSE & retaining wall fill, lightweight insulating road subbase, flowable self compacting fill, pipe & culvert abandonments, tunnel & annular grout, tunnel & shaft backfills, underwater / tremie fills, and shallow utility & foundation insulation. CEMATRIX is an early-stage growth Company with significant revenue, positive EBITDA, positive cashflow from operations, a very healthy balance sheet, and a strong team in place. The Company's wholly owned operating subsidiaries include CEMATRIX (Canada) Inc. ('CCI'), Chicago based MixOnSite USA Inc. ('MOS'), and Bellingham based Pacific International Grout Company ('PIGCO'). For more information, please visit our website at CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS The information in this press release includes certain forward-looking statements which may constitute forward-looking information under applicable securities laws. These forward-looking statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties. Forward-looking statements may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, ongoing objectives, strategies and outlook for CEMATRIX, including statements regarding: the anticipated commencement and completion of the project. Forward-looking statements may in some cases be identified by words such as "may," "will," "expects," "target," "future," "plans," "believes," "anticipates," "estimates," "projects," "intends," "should" or the negative of these terms, or similar expressions. In addition to events beyond CEMATRIX's control, there are factors which could cause actual or future results, performance or achievements to differ materially from those expressed or inferred herein including, but not limited to, the risk of not being able to meet contractual schedules and other performance requirements, the risks associated with a third party's failure to perform; the risk of not being able to meet its labour needs at reasonable costs; the risk of not being able to address any supply chain issues which may arise. These forward-looking statements are based on a variety of factors and assumptions including, but not limited to that: none of the risks identified above materialize, there are no unforeseen changes to economic and market conditions and no significant events occur outside the ordinary course of business. These assumptions are based on information currently available to CEMATRIX, including information obtained from third-party sources. While CEMATRIX believes that such third-party sources are reliable sources of information, CEMATRIX has not independently verified the information. CEMATRIX has not ascertained the validity or accuracy of the underlying economic assumptions contained in such information from third-party sources and hereby disclaims any responsibility or liability whatsoever in respect of any information obtained from third-party sources. Risk factors are discussed in greater detail in CEMATRIX's 2024 Management's Discussion and Analysis for the fiscal year ended December 31, 2024 and CEMATRIX's Annual Information Form dated December 31, 2024, each filed on SEDAR+ ( Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and CEMATRIX undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release. For further information, please contact: Jeff Walker, The Howard Group – Investor RelationsPhone: (888) 221-0915 or (403) 221-0915 jeff@ or Glen Akselrod – President, Bristol CapitalPhone: (905) 326-1888 ext 1glen@ in to access your portfolio
Yahoo
26-03-2025
- Business
- Yahoo
CEMATRIX Announces 2024 Fourth Quarter and Full Year 2024 Financial Results
CALGARY, Alberta, March 26, 2025 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSX: CEMX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") a specialty construction contractor that produces cellular concrete solutions on site and is a leading manufacturer and supplier of cellular concrete in North America announced the release of its consolidated financial results for the quarter and year ended December 31, 2024. 'We are proud of our achievements this year, which represent the second-best financial performance in the Company's history,' said Randy Boomhour, President and CEO of CEMATRIX. 'The timing of when our scopes of work start within large projects has a material and significant impact on our financial results. These delays are always out of our control. The delayed start of several key projects in 2024 materially impacted our overall results for the year resulting in lower revenues compared to 2023. Despite the lower revenues, we improved margins and reduced costs which help us deliver a strong adjusted EBITDA result for the year. In addition, as a direct result of our strong financial performance, we also generated our best ever positive cashflow from operations for the year.' 'Our focus remains and will always be on serving our customers. Our Company will continue to grow as we provide quality, on-time, on budget cellular concrete solutions to our customers geotechnical needs. This is what drives growth and will ultimately increase the value of the Company for all stakeholders,' continued Mr. Boomhour. 'Our balance sheet remains healthy and is in a great position to support our growth strategy. Our cash balance is strong at $9.9 million. We continue to delever our balance sheet and now have only $1.1 million in long term debt, which will be repaid in 2025. CEMATRIX is in a strong financial position to execute on its strategy,' stated Ms. Marie-Josée Cantin, CFO of CEMATRIX. 'I have never been more excited or more optimistic about the future of CEMATRIX as I am right now. 2024 was a very good year. We have now turned attention to delivering on our commitments for our customers and for our stakeholders for 2025. We expect that the first quarter of 2025 will be slow and below last year. We are still forecasting that 2025 will be the best year in the history of the Company,' concluded Mr. Boomhour. The following are the business and financial highlights for the fourth quarter and full year: Business highlights for the quarter: Announced $6.2 million in new contracts (October 24, 2024) Announced the retirement of Jeff Kendrick (December 2, 2024) Announced Randy Boomhour has been named President and Chief Executive Officer (December 2, 2024) Business highlights subsequent to the quarter: Announced $5.8 million in new contracts (February 10, 2025) Announced $5.4 million in new contracts (March 19, 2025) Summary financial results: Three months endedDecember 31, Twelve months endedDecember 31, ($millions) 2024 2023 Change % 2024 2023 Change % Revenue 10.4 19.6 (9.2) (47%) 35.4 53.3 (17.9) (34%) Gross Margin 3.0 5.4 (2.4) (44%) 9.4 11.9 (2.5) (21%) Gross Margins % 29% 27% 2% -- 27% 22% 5% -- SG&A 2.4 3.0 (0.6) (20%) 8.9 9.1 (0.2) (2%) Operating Income 0.6 2.4 (1.8) (75%) 0.5 2.8 (2.3) (82%) Adjusted EBITDA 1.4 2.9 (1.5) (52%) 3.3 4.9 (1.6) (33%) Cashflow from Operations 2.6 2.8 (0.2) (7%) 4.9 0.5 4.4 880% Cashflow from Operations is after working capital adjustments. Adjusted EBITDA is a non-GAAP measure. The Company defines and provides the calculation for adjusted EBITDA in its MD&A. Fourth quarter financial results webinar Management will host a webinar at 1:00 p.m. ET on Thursday, March 27, 2025, to discuss CEMATRIX's fourth quarter and year-end financial results, provide a corporate update and conclude with a question-and-answer session from online participants. Register in advance for this webinar: registering, you will receive a confirmation email containing information about joining the webinar. ABOUT CEMATRIX CEMATRIX is a specialty construction contractor that produces cellular concrete solutions on site. Cellular concrete is a flowable, self-leveling, cement-based material with insulating properties. CEMATRIX provides customers with cost effective, innovative solutions to tough geotechnical construction challenges. Applications for cellular concrete include lightweight engineered fill, MSE & retaining wall fill, lightweight insulating road subbase, flowable self compacting fill, pipe & culvert abandonments, tunnel & annular grout, tunnel & shaft backfills, underwater / tremie fills, and shallow utility & foundation insulation. CEMATRIX is an early-stage growth Company with significant revenue, positive EBITDA, positive cashflow from operations, a very healthy balance sheet, and a strong team in place. The Company's wholly owned operating subsidiaries include CEMATRIX (Canada) Inc. ('CCI'), Chicago based MixOnSite USA Inc. ('MOS') and Bellingham based Pacific International Grout Company ('PIGCO'). For more information, please visit our website at CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". The forward-looking statements contained in this news release are based on certain key expectations and assumptions made by the Company, including satisfaction of regulatory requirements in various jurisdictions and the Company's anticipated use of the net proceeds of the Offering. Forward looking statements involve risks, uncertainties and other factors disclosed under the heading "Risk Factors" and elsewhere in the Company's filings with Canadian securities regulators, which could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or further information, please contact:Glen Akselrod – President, Bristol CapitalPhone: (905) 326-1888 ext. 1glen@ Jeff Walker, The Howard Group – Investor RelationsPhone: (888) 221-0915 or (403) 221-0915 jeff@
Yahoo
19-03-2025
- Business
- Yahoo
CEMATRIX Announces $5.4 Million in New Contract Awards
CALGARY, Alberta, March 19, 2025 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSX: CEMX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company"), a specialty construction contractor that produces cellular concrete solutions on site and is a leading manufacturer and supplier of cellular concrete in North America. New Contract Awards: CEMATRIX announces that it has won $5.4 million in new contract awards. These awards are split between executed contracts and contracts in process. Significant awards as part of the $5.4 total include: a contract for a large lightweight fill application on a bridge project; a contract for a large lightweight fill application on highway improvement project; an increase in scope for additional lightweight fill placed underwater on a dock improvement project. 'Our success is built on serving our customers, by providing cellular concrete solutions to their geotechnical needs, through excellence in execution in the field by our crews. These new awards show the continued confidence that our customers have in our sales and operations teams to deliver a quality product, on time and on budget. We continue to see strong bidding activity and a robust sales pipeline well into the future and we are excited for the spring weather to kick start what we expect to be a busy 2025,' stated Mr. Randy Boomhour, President and CEO of CEMATRIX Corporation. For more information about CEMATRIX please visit ABOUT CEMATRIX CEMATRIX is a specialty construction contractor that produces cellular concrete solutions on site. Cellular concrete is a flowable, self-leveling, cement-based material with insulating properties. CEMATRIX provides customers with cost effective, innovative solutions to tough geotechnical construction challenges. Applications for cellular concrete include lightweight engineered fill, MSE & retaining wall fill, lightweight insulating road subbase, flowable self compacting fill, pipe & culvert abandonments, tunnel & annular grout, tunnel & shaft backfills, underwater / tremie fills, and shallow utility & foundation insulation. CEMATRIX is an early-stage growth Company with significant revenue, positive EBITDA, positive cashflow from operations, a very healthy balance sheet, and a strong team in place. The Company's wholly owned operating subsidiaries include CEMATRIX (Canada) Inc. ('CCI'), Chicago based MixOnSite USA Inc. ('MOS'), and Bellingham based Pacific International Grout Company ('PIGCO'). For more information, please visit our website at CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS The information in this press release includes certain forward-looking statements which may constitute forward-looking information under applicable securities laws. These forward-looking statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties. Forward-looking statements may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, ongoing objectives, strategies and outlook for CEMATRIX, including statements regarding: the anticipated commencement and completion of the project. Forward-looking statements may in some cases be identified by words such as "may," "will," "expects," "target," "future," "plans," "believes," "anticipates," "estimates," "projects," "intends," "should" or the negative of these terms, or similar expressions. In addition to events beyond CEMATRIX's control, there are factors which could cause actual or future results, performance or achievements to differ materially from those expressed or inferred herein including, but not limited to, the risk of not being able to meet contractual schedules and other performance requirements, the risks associated with a third party's failure to perform; the risk of not being able to meet its labour needs at reasonable costs; the risk of not being able to address any supply chain issues which may arise. These forward-looking statements are based on a variety of factors and assumptions including, but not limited to that: none of the risks identified above materialize, there are no unforeseen changes to economic and market conditions and no significant events occur outside the ordinary course of business. These assumptions are based on information currently available to CEMATRIX, including information obtained from third-party sources. While CEMATRIX believes that such third-party sources are reliable sources of information, CEMATRIX has not independently verified the information. CEMATRIX has not ascertained the validity or accuracy of the underlying economic assumptions contained in such information from third-party sources and hereby disclaims any responsibility or liability whatsoever in respect of any information obtained from third-party sources. Risk factors are discussed in greater detail in CEMATRIX's 2023 Management's Discussion and Analysis for the fiscal year ended December 31, 2023 and CEMATRIX's Management's Discussion and Analysis for the fiscal quarter ended September 30, 2024, each filed on SEDAR+ ( Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and CEMATRIX undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release. For further information, please contact: Jeff Walker, The Howard Group – Investor RelationsPhone: (888) 221-0915 or (403) 221-0915 jeff@ or Glen Akselrod – President, Bristol CapitalPhone: (905) 326-1888 ext 1glen@
