Latest news with #TSX
Winnipeg Free Press
20 minutes ago
- Business
- Winnipeg Free Press
Precision Drilling reports Q2 profit down from a year earlier
CALGARY – Precision Drilling Corp. says it had a net income of $16.5 million in its second quarter, down from $20.7 million in the same quarter last year. The company says the profit amounted to $1.07 per diluted share for the quarter ended June 30, down from $1.44 per diluted share in the same quarter last year. Revenue totalled $406.6 million, down from $429.2 million in the second quarter of 2024. The drop came as it averaged 33 active drilling rigs in the U.S. for the quarter compared with 36 for the second quarter of 2024. Meanwhile, Precision averaged 50 active drilling rigs in Canada for the quarter, compared with 49 a year earlier. The company's international operations averaged seven active drilling rigs for the quarter compared with eight in the second quarter of 2024. Service rig operating hours for the quarter dropped 23 per cent compared with a year earlier on customer-driven project deferrals, weather impacts and lower U.S. activity. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published July 30, 2025. Companies in this story: (TSX:PD)
The Market Online
41 minutes ago
- Business
- The Market Online
TSX trends higher mulling rates and earnings
TSX futures moved into positive territory before the opening bell on Wednesday in anticipation of the Bank of Canada's interest rate decision. Consensus stands on a hold, given heightened uncertainty surrounding US trade and the potential fallout from higher-than-historical tariffs as deals with global partners become official. This content has been prepared as part of a partnership with Tamarack Valley Energy Ltd. and CGI Inc., and is intended for informational purposes only. Market Numbers (Futures) TSX: Up (0.2%), 27,594.95. TSXV: Down (1.5%), 777.58 (from July 29). DOW: Up (0.14%), 44,836. NASDAQ: Up (0.29%), 23,520. FTSE: Down (0.31%), 9,101.11. Tamarack Valley Energy (TSX:TVE) reported financial results for Q2 2025, featuring record production averaging 70,260 barrels of oil equivalent per day (boe/d), generating C$86.2 million in net income. The company increased production guidance by 3 per cent to 67,000 -69,000 boe/d for 2025 thanks to improving costs and capital efficiencies. Another notable earnings report came from CGI (TSX:GIB.A), the global IT and consulting firm, which posted fiscal Q3 2025 revenue of C$4.09 billion, up by 11 per cent year-over-year, and adjusted net earnings of C$470.1 million, up by 9.9 per cent year-over-year, driven by the company's end-to-end capabilities and growing role in fortifying clients with AI across industries. Currencies US: Down (0.17%), US$0.72. Euro: Up (0.17%), €0.630. GBP: Down (0.17%), £0.543. AUD: Up (0.32%), $1.118. JPY: Down (0.18%), ¥107.57. Bitcoin: Down (0.15%), US$117,758.10. (Conversion to C$1) Commodities Natural Gas: Up (0.20%), US$3.08. WTI: Up (0.03%), US$69.28. Gold: Up (0.04%), US$3,328.30. Copper: Up (0.06%), US$5.60. To stay up-to-date on all of your market news head to Join the discussion: Find out what everybody's saying about the market open for July 29, 2025, on Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
Hamilton Spectator
an hour ago
- Business
- Hamilton Spectator
Precision Drilling reports Q2 profit down from a year earlier
CALGARY - Precision Drilling Corp. says it had a net income of $16.5 million in its second quarter, down from $20.7 million in the same quarter last year. The company says the profit amounted to $1.07 per diluted share for the quarter ended June 30, down from $1.44 per diluted share in the same quarter last year. Revenue totalled $406.6 million, down from $429.2 million in the second quarter of 2024. The drop came as it averaged 33 active drilling rigs in the U.S. for the quarter compared with 36 for the second quarter of 2024. Meanwhile, Precision averaged 50 active drilling rigs in Canada for the quarter, compared with 49 a year earlier. The company's international operations averaged seven active drilling rigs for the quarter compared with eight in the second quarter of 2024. Service rig operating hours for the quarter dropped 23 per cent compared with a year earlier on customer-driven project deferrals, weather impacts and lower U.S. activity. This report by The Canadian Press was first published July 30, 2025. Companies in this story: (TSX:PD)
Cision Canada
an hour ago
- Business
- Cision Canada
OpenText to Showcase AI-Driven Threat Detection, Identity Security, and Application Protection at Black Hat USA 2025
WATERLOO, ON, July 30, 2025 /CNW/ -- OpenText™ (NASDAQ:OTEX), (TSX: OTEX) will join global cybersecurity leaders at Black Hat USA 2025 to showcase how organizations can protect identities, detect advanced threats, and respond with greater speed and precision. With threats growing in complexity, OpenText Cybersecurity will showcase how its AI-powered, end-to-end security portfolio helps enterprise customers reduce risk, streamline operations, and build long-term cyber resilience. OpenText helps deliver integrated protection that meets regulatory requirements and supports board-level oversight. From DevSecOps to identity management to advanced threat detection and response, OpenText solutions are designed to support today's evolving security and compliance demands. WHAT: OpenText will showcase key capabilities that help security teams detect threats earlier, secure access, and protect applications: Threat Detection and Response – Help teams uncover threats earlier, reduce dwell time, and respond faster with full-spectrum visibility (SIEM + SOAR + XDR) and behavioral analytics. Application Security Testing – Enable developers and security teams to catch vulnerabilities earlier, reduce rework, and improve accuracy across all types of code. Identity and Access Management – Support secure access and consistent policy enforcement across hybrid environments with automation, governance, and strong authentication. WHEN: August 2-7, 2025 WHERE: OpenText at Booth 5739 Mandalay Bay Convention Center Las Vegas, Nevada About OpenText Cybersecurity OpenText Cybersecurity provides comprehensive security solutions for companies and partners of all sizes. From prevention, detection and response to recovery, investigation and compliance, our unified/end-to-end platform helps customers build cyber resilience via a holistic security portfolio. Powered by actionable insights from our real-time and contextual threat intelligence, OpenText Cybersecurity customers benefit from high-efficacy products, a compliant experience and simplified security to help manage business risk. About OpenText OpenText is a leading Cloud and AI company that provides organizations around the world with a comprehensive suite of Business AI, Business Clouds, and Business Technology. We help organizations grow, innovate, become more efficient and effective, and do so in a trusted and secure way – through Information Management. For more information about OpenText (NASDAQ/TSX: OTEX), please visit us at Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies, and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Further, readers should note that we may announce information using our website, press releases, securities law filings, public conference calls, webcasts and the social media channels identified on the Investors section of our website ( Such social media channels may include the Company's or our CEO's blog, Twitter account or LinkedIn account. The information posted through such channels may be material. Accordingly, readers should monitor such channels in addition to our other forms of communication.
Cision Canada
an hour ago
- Business
- Cision Canada
Wiicare Announces New Converting Location for DuPont™ Tyvek® in North America
WINNIPEG, MB, July 30, 2025 /CNW/ - Winpak Ltd. ("Winpak" or the "Company") (TSX: WPK), a long-standing global leader in healthcare packaging, is thrilled to announce it is now an authorized converter of DuPont™ Tyvek® healthcare packaging for its medical device, pharmaceutical, and healthcare facility packaging applications from its Winpak Division site in Winnipeg, Manitoba Canada. Under the Wiicare global healthcare business, Winpak along with its sister company, Wipak, will provide expanded coverage for customers in North America, Europe and Asia. DuPont™ Tyvek® has long been recognized as an industry standard in healthcare packaging applications. Known for its superior tear resistance, durability, breathability, and exceptional microbial barrier, Tyvek® can ensure that medical devices and pharmaceuticals remain sterile throughout their lifecycle. This makes it an ideal choice for demanding healthcare environments where safety and reliability are paramount. Wiicare's MedForm DT forming films, when combined with uncoated DuPont™ Tyvek® material, offer a comprehensive packaging solution that provides unmatched value and performance for a variety of medical device applications. This synergy between Wiicare's advanced film technology and DuPont's renowned Tyvek® materials result in packaging that not only meets but exceeds industry standards. "The combination of Wiicare's MedForm DT films and DuPont™ Tyvek® represents a significant step forward in sustainable packaging solutions", said Mustafa Bilgen, Vice President, Technology & Innovations at Winpak. "This innovative approach aligns with the growing demand for environmentally friendly options in the healthcare industry, and Wiicare's ability to provide customers with a reliable and eco-conscious choice". Winpak is proud to work with DuPont™ Tyvek® to develop medical packaging that helps uphold both patient safety and environmental responsibility. About Winpak: Winpak's mantra "It's Our Nature to Protect™" serves as the foundation for our vision to provide the best packaging solutions for people and planet. Winpak with its sister company, Wipak, have joined forces to form Wiicare – a global brand for healthcare packaging. Wiicare delivers premium healthcare packaging to pharmaceutical and medical customers worldwide, ensuring consistent supply and quality through a strategic network of production facilities and innovation centers. Tailored local support and optimized manufacturing ensure reliable, equivalent standards across regions.
