I'm an insurance Case Manager with a deep interest in investing. My investment philosophy is all about buying high quality stocks and great businesses. My favorite businesses are those led by disciplined capital allocators, earn exceptional returns on capital, and can compound their invested capital over long periods of time.Analyst’s Disclosure: I/we have a beneficial long position in the shares of RCI.B:CA either through stock ownership, options, or other derivatives. I wrote this article myself, and it e ...

THIS MEDIA RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, Nov. 28, 2024 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (RSI) announces that its Board of Directors has authorized a declaration of a quarterly dividend of $0.09 per share to be paid to shareholders of record on December 27, 2024, payable on January 9, 2025. This is an eligible dividend for income tax purposes. For further information: Mr. Jean-Sébastien CouillardVice President ...

Core Insights - Rogers Sugar Inc. reported a consolidated adjusted EBITDA of $38.3 million for Q4 2024 and $141.6 million for the fiscal year, marking a 28% increase from the previous year [3][4] - The company achieved a third consecutive year of improved profitability, driven by strong performance in both the Sugar and Maple segments [2][3] - The LEAP Project, aimed at expanding production and logistics capacity in Eastern Canada, is expected to cost between $280 million and $300 million, reflecting a 40% to 50% increase over initial estimates [4][23] Financial Performance - Consolidated revenues for fiscal 2024 reached $1.2 billion, a 12% increase compared to the previous year, primarily due to higher average pricing in the Sugar segment and increased sales volume in the Maple segment [3][4] - Adjusted net earnings for fiscal 2024 were $66.7 million, or $0.56 per share, compared to $44.5 million, or $0.42 per share, in the previous year [3][4] - Free cash flow for the trailing 12 months was $73.3 million, an increase of $27.6 million from the previous year [4] Segment Performance - In the Sugar segment, adjusted EBITDA for Q4 2024 was $34.2 million, an increase of $10.6 million from the same period last year, despite a 5% decrease in sales volume [3][7] - The Maple segment saw revenues increase by $8.4 million in Q4 2024, driven by improved average selling prices and increased sales volume [14][19] - Adjusted gross margin for the Sugar segment increased to $217 per metric tonne in Q4 2024, up from $156 per metric tonne in the same period last year [9][10] LEAP Project - The LEAP Project is expected to provide approximately 100,000 metric tonnes of incremental refined sugar capacity and is now in the construction phase [21][22] - The project is being funded through a combination of debt, equity, and existing revolving credit facilities, with $53.8 million capitalized as of September 28, 2024 [26][27] - The anticipated completion date for the LEAP Project has been pushed to the end of fiscal 2026, approximately six months later than initially scheduled [24] Outlook - The company expects strong financial performance in 2025, supported by continued demand and pricing strength in the Sugar segment [29][30] - Sales volume for the Sugar segment is projected to reach 800,000 metric tonnes in fiscal 2025, reflecting a year-over-year increase of over 5% [31] - The Maple segment is also expected to show growth, with a moderate increase in sales volume anticipated [39]

Washington, D.C., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Today, the New Civil Liberties Alliance filed an amicus curiae brief urging the U.S. Court of Appeals for the Fifth Circuit to hear Ortega & Rogers v. Office of the Comptroller of the Currency (OCC). NCLA asks the Fifth Circuit to overturn an OCC decision punishing former Texas bank officers Saul Ortega and David Rogers, Jr. without a jury trial, which violates the Seventh Amendment. OCC closed the bank where Ortega and Rogers worked in 2013, and four year ...

TORONTO, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Rogers today announced its net-zero greenhouse gas (GHG) emissions targets have been approved by the globally recognized Science Based Targets initiative (SBTi). “This is a significant milestone in our efforts to take meaningful action on climate change and help build a more climate-resilient Canada,” said Tony Staffieri, President and Chief Executive Officer, Rogers. “Greenhouse gas emissions are the most significant driver of climate change and Rogers will contin ...

Rogers Communications (RCI) reported third-quarter 2024 adjusted earnings of $1.04 per share, which lagged the Zacks Consensus Estimate by 2.80% and increased 9.6% year over year.Revenues of $3.76 billion lagged the consensus mark by 1.39% and declined 1% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In domestic currency (Canadian dollar), adjusted earnings increased 11.81% year over year to C$1.42 per share. Total revenues increased 0.73% year over year, reaching C ...

Rogers Corp. (ROG) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $1.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.29%. A quarter ago, it was expected that this specialty materials company would post earnings of $0.60 per share when it actually produced earnings of $0.69, delivering a surprise of 15%.Over the last four quarters, ...

Rogers Corporation Reports Third Quarter 2024 Results Improved Operating Margin Drives Further Earnings Growth Chandler, Arizona, October 24, 2024: Rogers Corporation (NYSE:ROG) today announced financial results for the third quarter of 2024. "Third-quarter results were mixed with earnings that exceeded our guidance expectations and sales that were below the low end of our outlook," stated Colin Gouveia, Rogers' President and CEO. "The higher earnings resulted from our ongoing focus on operational improveme ...

More Canadians continue to choose Rogers Wireless and Internet than any other carrier in Canada Combined mobile phone and Internet net additions of 227,000 in Q3 and 502,000 for the year to dateQ3 postpaid mobile phone net additions of 101,000; prepaid net additions of 93,000; retail Internet net additions of 33,000Rogers has added industry-best 1.9 million mobile phone and Internet net additions over the past 11 quarters Continued disciplined loading, strong execution, efficiency gains, industry-leading fi ...

TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B) (NYSE: RCI) (“Rogers”) announced that its Board of Directors (the “Board”) declared a quarterly dividend totaling 50 cents per share (the “Quarterly Dividend”) on each of its outstanding Class B Non-Voting shares (“Class B Shares”) and Class A Voting shares. The declared Quarterly Dividend will be paid on January 3, 2025 to shareholders of record on December 9, 2024. Such quarterly dividends are only payable as and ...