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Rogers Recognized as Canada's Most Reliable Wireless Network by Opensignal
GlobeNewswire News Room· 2025-02-19 17:30
Core Insights - Rogers Communications has been recognized as Canada's most reliable wireless network by Opensignal, highlighting its commitment to quality and reliability in wireless services [1] - The company has invested over $40 billion in its networks over the past decade and plans to invest an additional $4 billion in capital investments this year [2] Investment and Network Expansion - Rogers is focused on expanding its 5G network, which currently reaches more than 2,500 communities across Canada [2] - The company aims to provide Canadians with the largest and best wireless networks through continuous investment [2] Awards and Recognition - Opensignal's study indicates that Rogers leads in reliability, 5G upload speed, and 5G video experience, making it the most awarded network by Opensignal [1]
Rogers Communications: Focusing On Debt Reduction Will Prove Fruitful
Seeking Alpha· 2025-02-18 07:58
Group 1 - Eric is part of the investment team at RBC Insurance, focusing on real assets, financials, and insurance [1] - He holds a Master's degree in Financial Economics from the University of Western Ontario and has completed all three levels of the CFA program [1] - Currently, Eric is gaining the necessary work experience to obtain the CFA charter [1]
Rogers, NHL and NHLPA Team Up to Support Sun Youth in Montreal During 4 Nations Face-Off
GlobeNewswire News Room· 2025-02-11 20:00
Core Points - The 4 Nations Face-Off 50/50 raffle aims to make hockey more accessible in Quebec, with proceeds benefiting Sun Youth, a Montreal-based organization supporting children and families in need [1][2][4] - Rogers Communications, the NHL, and the NHLPA have jointly contributed $50,000 to kickstart the 50/50 jackpot, encouraging participation from fans in Quebec [2][5] - Raffle tickets are available for purchase from February 11 to 15, 2025, both online and in-arena, with the total prize announced after the final game [5] Company Contributions - Rogers Communications emphasizes its commitment to investing in Quebec and positively impacting communities through sports [3] - The NHL expresses enthusiasm for partnering with Rogers and the NHLPA to support community initiatives and inspire future hockey fans [5] - The NHLPA highlights its long-standing tradition of giving back to the hockey community through various programs, including the NHLPA Goals & Dreams fund [5][9] Community Impact - Sun Youth has been a vital part of the Montreal community for over 70 years, providing essential services and programs to underprivileged youth and families [4][10] - The funds raised through the raffle will help remove financial barriers to hockey, allowing more local youth to participate in the sport [2][4] - The initiative aims to foster inclusion and opportunity for deserving youth in Montreal through hockey [4][5]
Rogers Sugar Delivers Strong First Quarter Results, Driven by Solid Performance from Both Maple and Sugar Segments
GlobeNewswire News Room· 2025-02-06 12:01
Core Insights - Rogers Sugar Inc. reported strong first quarter fiscal 2025 results, with consolidated adjusted EBITDA increasing by 29% to $39.6 million [1][3] - The company achieved profitable growth in both Sugar and Maple segments, driven by higher revenues, margins, and free cash flow [2][3] Financial Performance - Consolidated revenues for Q1 2025 were $323.2 million, a 12% increase from $288.7 million in Q1 2024, primarily due to higher average pricing and increased sales volumes [3][7] - Adjusted net earnings for Q1 2025 were $19.5 million or $0.15 per share, compared to $12.6 million or $0.12 per share in the same period last year [3][10] - Free cash flow for the trailing twelve months ended December 28, 2024, was $86.2 million, an increase of $41.9 million from the previous year [3][10] Sugar Segment Highlights - Sugar segment revenues increased to $256.8 million in Q1 2025 from $229.8 million in Q1 2024, with adjusted EBITDA rising by $7.9 million [5][9] - Sales volumes in the Sugar segment reached 196,100 metric tonnes, up 13,700 metric tonnes from the previous year, recovering from prior labor disruptions [7][11] - Adjusted gross margin for the Sugar segment was $44.1 million, an increase of $7.9 million year-over-year, driven by higher sales volumes and improved performance [9][12] Maple Segment Highlights - Maple segment revenues rose to $66.4 million in Q1 2025 from $58.9 million in Q1 2024, with adjusted EBITDA increasing to $5.7 million [15][18] - Total sales volume for the Maple segment was 13,400 thousand pounds, reflecting a strong recovery from the previous year [15][16] - Adjusted gross margin percentage for the Maple segment improved to 11.5% from 10.3% year-over-year, indicating better operational efficiency [18][34] LEAP Project - The LEAP Project aims to add approximately 100,000 metric tonnes of refined sugar capacity, with a total estimated cost between $280 million and $300 million [19][21] - As of December 28, 2024, $73.5 million has been capitalized for the LEAP Project, with $19.7 million spent in Q1 2025 [22][21] - The project is expected to be operational by the end of 2026, enhancing the company's logistics and refining capabilities [19][20] Outlook - The company anticipates continued strong performance in both Sugar and Maple segments for fiscal 2025, despite potential adverse impacts from US tariffs [24][25] - Sales volume for the Sugar segment is expected to reach approximately 800,000 metric tonnes, representing over 5% growth year-over-year [28][27] - The Maple segment is projected to grow by approximately 5% in sales volume, supported by a strong 2024 crop [34][35]
Rogers Communications' Q4 Earnings and Revenues Beat Estimates
ZACKS· 2025-01-31 18:55
Rogers Communications (RCI) reported fourth-quarter 2024 adjusted earnings of $1.04 per share, which beat the Zacks Consensus Estimate by 9.47% and increased 19.54% year over year.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of $3.92 billion beat the consensus mark by 4.08% and declined 0.03% year over year.In domestic currency (Canadian dollar), adjusted earnings increased 23% year over year to C$1.46 per share. Total revenues increased 3% year over year, reaching C$5.48 ...
Rogers Provides Update on Its Acquisition of Bell's 37.5% Stake in MLSE
GlobeNewswire News Room· 2024-12-13 21:30
TORONTO, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Rogers Communications (TSX: RCI.A and RCI.B) (NYSE: RCI) today announced it has received clearance from the Competition Bureau to proceed with the acquisition of Bell’s 37.5% stake in Maple Leaf Sports & Entertainment. Rogers and Bell received a "no-action letter" on December 12, 2024, from the Bureau, indicating that the Commissioner of Competition does not intend to challenge Rogers acquisition of Bell’s interest in MLSE. The deal is subject to league approvals a ...
Rogers Charity Classic Sets New Fundraising Record
GlobeNewswire News Room· 2024-12-12 15:00
CALGARY, Alberta, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Rogers Charity Classic announced today that the 12th annual tournament raised a record-breaking $25.4 million to support children’s charities across Alberta. The staggering amount surpasses last year’s fundraising total by more than $6 million and brings the total raised since the tournament’s inception to $137.7 million.   “We are proud to make a positive impact on more children and families across Alberta with this record-breaking fundraising effort in ...
Derek Rogers Joins Gray Media as General Manager of KXII and FXII in Sherman, Texas
GlobeNewswire News Room· 2024-12-05 15:00
Group 1 - Gray Television, Inc. announced the appointment of Derek Rogers as the General Manager and Director of Sales for KXII (CBS) and FXII (FOX) in Sherman, Texas, effective January 6, 2025, succeeding Rick Dean who is retiring after 39 years [1] - Derek Rogers has over 25 years of experience in the media industry, previously serving as General Manager at WCBI in Columbus-Tupelo, Mississippi, and has held various roles including production manager and promotions director [2] - Gray Media is the largest owner of top-rated local television stations in the U.S., operating in 113 television markets and reaching approximately 36 percent of U.S. television households [3] Group 2 - Gray Media's portfolio includes 77 markets with the top-rated television station and 100 markets with the first and/or second highest rated television station, as well as the largest Telemundo Affiliate group with 43 markets [3] - The company also owns Gray Digital Media, which provides digital marketing strategies and services, along with video production companies and studio facilities [3]
Rogers Communications: Strong Execution And Reduced Leverage Support An Upgrade
Seeking Alpha· 2024-12-03 07:42
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 ...
Rogers Sugar Inc. Declares Dividend to Shareholders
GlobeNewswire News Room· 2024-11-28 12:01
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 ...