Strongco Corporation

Entity type image
Type: Company
Name: Strongco Corporation
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Globe says Lynk sees weakness in Strongco

Strongco Corp Symbol C : SQP Shares Issued 13,128,719 Close 2013-05-15 C$ 4.30 Recent Sedar DocumentsView Original Document The Globe and Mail reports in its Friday, May 17, edition that Canaccord Genuity analyst Yuri Lynk downgraded Strongco ($4.19) ... [Published Stockwatch - May 17 2013]
First reported May 16 2013 - Updated May 17 2013 - 1 reports

Barrick Gold slapped with another downgrade

Macquarie’s Tony Lesiak has become the latest analyst to downgrade Barrick Gold Corp., as the company continues to trade just above the multi-year lows it struck last month when bullion prices plunged.Mr. Lesiak now rates Barrick as “underperform,” which ... [Published Globe and Mail - May 16 2013]
First reported May 14 2013 - Updated May 14 2013 - 1 reports

Strongco Announces First Quarter 2013 Results Marketwired

) - Strongco Corporation (SQP.TO) today reported financial results for the three months ended March 31, 2013. * Comparisons are between first quarter 2013 and first quarter 2012"Our markets took a marked pause in the first quarter of 2013, most significantly, ... [Published Yahoo! Finance - May 14 2013]
First reported May 02 2013 - Updated May 02 2013 - 1 reports

Strongco holders elect six directors at AGM

Strongco Corp. has released the final director election results from Strongco's 2013 annual meeting of shareholders held in Toronto, Ont., on April 30, 2013.By a vote of show of hands, the director nominees listed in the relevant table were all elected ... [Published Stockwatch - May 02 2013]
First reported May 02 2013 - Updated May 02 2013 - 1 reports

Strongco Announces Final Voting Results

MISSISSAUGA, ONTARIO -- (Marketwired) -- 05/02/13 -- Strongco Corporation (TSX: SQP) today announced the final director election results from Strongco's 2013 Annual Meeting of Shareholders held in ... ... [Published FinanzNachrichten.de - May 02 2013]
First reported May 02 2013 - Updated May 02 2013 - 1 reports

Strongco to Hold First Quarter Results Conference Call Marketwired

) - Strongco Corporation (SQP.TO) today announced it will hold a conference call on Wednesday, May 15, 2013 at 10 am ET to discuss the Company's financial performance for the first quarter ended March 31, 2013.Results will be issued by press release prior ... [Published Yahoo! Finance - May 02 2013]
First reported Apr 19 2013 - Updated Apr 19 2013 - 1 reports

STRONGCO CORPORATION: Strongco to Hold Annual Shareholder Meeting

Strongco Corporation Tel: (905) 670-5100 1640 Enterprise Road Fax: (905) 565-1907 Mississauga, Ontario The meeting will take place at the offices of Dentons Canada LLP, located at 77 KingStreet West, Suite 400, Toronto with proceedings to begin at 10 ... [Published 4 Traders - Apr 19 2013]
First reported Apr 19 2013 - Updated Apr 19 2013 - 1 reports

Strongco to Hold Annual Shareholder Meeting

) - Strongco Corporation (TSX:SQP) today announced it will hold its annual meeting of shareholders on Tuesday, April 30, 2013.The meeting will take place at the offices of Dentons Canada LLP, located at 77 King Street West, Suite 400, Toronto with proceedings ... [Published Market Wire - Apr 19 2013]
First reported Mar 20 2013 - Updated Mar 20 2013 - 1 reports

Strongco earns $7.6-million in 2012

Strongco Corp. has released its financial results for the fourth quarter and year ended Dec. 31, 2012.Highlights (comparisons are between full-year 2012 and full-year 2011):Total revenues increased by 10 per cent to $464.2-million;Gross margin increased ... [Published Stockwatch - Mar 20 2013]
First reported Feb 25 2013 - Updated Feb 25 2013 - 1 reports

Strongco to build new branch in Saint-Augustin

Strongco Corp. has completed the purchase of eight acres of land that will be used to build its new branch in Saint-Augustin-de-Desmaures, Que., to improve the company's presence in the Quebec City region.The new branch will replace the existing Sainte-Foy ... [Published Stockwatch - Feb 25 2013]

Quotes

...Lynk also trimmed his target for the shares to $5 from $7. The Globe says the average Street target stands at $4.95. Mr. Lynk says: "Strongco witnessed an overall year-over-year decline in market activity in the quarter, especially in March. ... We believe the near-term equipment outlook in Alberta and Quebec could be depressed." Raymond James analyst Ben Cherniavsky was bullish on Strongco in the Eye column on April 1, 2011. In the item Mr...
...saw customers postpone deliveries and delay conversions on Rental Purchase Options," said Robert Dryburgh, President and Chief Executive Officer. "Compared to the same quarter last year, our overall market declined, particularly in Alberta and Quebec. However, with help from an improved market presence through new branches, Strongco's revenues were relatively steady in comparison to the first quarter of 2012. While our cost base has increased from last year, the major factor affecting expenses in the quarter were a combination of under-absorption of labour and ancillary costs, and a much lower level of warranty activity. Both of these were adversely affected by weather and economic conditions which curtailed machine use and, consequently, the utilization of our field crews."
...have responded positively to our greater commitment to better service," said Robert Dryburgh, president and chief executive officer of Strongco. "However, we have accumulated a higher level of inventory to mitigate our concerns arising from the poor delivery of equipment we experienced in 2011. As a result, related equipment notes were higher than planned, as was the corresponding interest that offset the gains we made in operating profits, reducing net income year over year."
...allows us to provide more comprehensive and timely service to our customers," said Bob Dryburgh, president and chief executive officer of Strongco. "This new development is an integral part of Strongco's growth strategy to increase our market presence in key markets, such as Quebec by building on Strongco's reputation of delivering a superior customer experience."

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Globe says Lynk sees weakness in Strongco [Published Stockwatch - May 17 2013]
Barrick Gold slapped with another downgrade [Published Globe and Mail - May 16 2013]
Strongco Announces First Quarter 2013 Results M... [Published Yahoo! Finance - May 14 2013]
Strongco Announces First Quarter 2013 Results [Published Marketwire - Breaking News Releases - May 14 2013]
Strongco holders elect six directors at AGM [Published Stockwatch - May 02 2013]
Strongco Announces Final Voting Results [Published FinanzNachrichten.de - May 02 2013]
Strongco Announces Final Voting Results [Published Marketwire - Breaking News Releases - May 02 2013]
Strongco to Hold First Quarter Results Conferen... [Published Yahoo! Finance - May 02 2013]
Strongco to Hold First Quarter Results Conferen... [Published Marketwire - Breaking News Releases - May 02 2013]
STRONGCO CORPORATION: Strongco to Hold Annual S... [Published 4 Traders - Apr 19 2013]
Strongco to Hold Annual Shareholder Meeting [Published Market Wire - Apr 19 2013]
Strongco to Hold Annual Shareholder Meeting [Published Marketwire - Breaking News Releases - Apr 19 2013]
Strongco earns $7.6-million in 2012 [Published Stockwatch - Mar 20 2013]
Strongco to Hold Fourth Quarter and Year End Re... [Published Marketwire - Breaking News Releases - Mar 06 2013]
Strongco to build new branch in Saint-Augustin [Published Stockwatch - Feb 25 2013]
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Strongco Announces First Quarter 2013 Results [Published Marketwire - Breaking News Releases - May 14 2013]
Strongco Announces Final Voting Results [Published Marketwire - Breaking News Releases - May 02 2013]
Strongco to Hold First Quarter Results Conferen... [Published Marketwire - Breaking News Releases - May 02 2013]
Strongco to Hold Annual Shareholder Meeting [Published Marketwire - Breaking News Releases - Apr 19 2013]
Strongco to Hold Fourth Quarter and Year End Re... [Published Marketwire - Breaking News Releases - Mar 06 2013]
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