Core Points - Mullen Group Ltd. plans to release its 2025 Third Quarter earnings results on October 22, 2025, at 6:00 a.m. ET, followed by a conference call at 10:00 a.m. ET [1] - The company has a significant portfolio in the transportation and logistics sectors, providing a variety of services including less-than-truckload, customs brokerage, and specialized hauling [2] - Mullen Group is publicly traded on the Toronto Stock Exchange under the symbol "MTL" [3] Company Overview - Mullen Group has a long history of acquiring companies in the transportation and logistics industries, making it one of the largest logistics companies in North America [2] - The company offers a wide range of services through independently operated businesses, including warehousing, logistics, and specialized services for energy, mining, forestry, and construction industries [2] - The corporate office supports its independent businesses with capital, financial expertise, legal support, technology, and strategic planning [2] Contact Information - Key executives include Mr. Murray K. Mullen (Chair, Senior Executive Officer and President), Mr. Richard J. Maloney (Senior Operating Officer), and Mr. Carson P. Urlacher (Senior Financial Officer) [4]

Core Insights - Mullen Group Ltd. reported a solid revenue increase of 9.1% year-over-year for Q2 2025, driven by acquisitions despite challenging market conditions [3][10][9] - The company completed a successful bond issue to strengthen its balance sheet and support future acquisitions, including the Cole Group acquisition [2][3] - Current market conditions remain uncertain, with pricing pressures affecting profitability, but there are signs of potential economic improvement through infrastructure projects in Canada [3][10] Financial Performance - Consolidated revenues for Q2 2025 reached $540.9 million, up from $495.6 million in Q2 2024, reflecting a $45.3 million increase [10][9] - Operating income before depreciation and amortization (OIBDA) was $76.6 million, a decrease of 10.6% from the previous year, while adjusted OIBDA was $83.8 million, down 2.1% [10][11] - Net income fell to $25.6 million, a decrease of 22.2% compared to $32.9 million in Q2 2024, with earnings per share dropping to $0.29 from $0.37 [13][5] Segment Performance - The Less-Than-Truckload (LTL) segment reported revenues of $201.1 million, up 6.0%, while the Logistics & Warehousing (L&W) segment increased by 15.0% to $173.6 million [12][10] - The Specialized & Industrial Services (S&I) segment saw a decline of 3.7% to $105.5 million due to reduced capital projects and commodity prices [12][10] - The U.S. & International Logistics segment experienced significant growth, with revenues rising 36.7% to $64.1 million, largely due to acquisitions [12][10] Strategic Initiatives - The company is focusing on acquisitions to enhance its market position and protect margins amid current pricing pressures [3][10] - Mullen Group's strategy includes preparing for future growth by increasing staffing levels and managing corporate costs, which rose to $12.8 million [12][10] - The successful completion of the Cole Group acquisition is expected to strengthen the company's portfolio and operational capabilities [2][3]

Core Points - Mullen Group Ltd. has successfully closed a private placement of approximately CAD$400 million in senior secured notes due July 10, 2037 [1][2] - The notes consist of US$50 million with a yield of 6.91% per annum and CAD$325 million with a yield of 6.04% per annum, guaranteed by subsidiaries and secured by a first-ranking charge over the corporation's assets [2][3] - The net proceeds from the offering will be used to prepay existing private placement debt maturing in October 2026 and for general corporate purposes [2] Company Overview - Mullen Group is a public company with a significant portfolio in the transportation and logistics industries, providing a wide range of services including less-than-truckload, customs brokerage, and specialized hauling [5] - The company operates a network of independently operated businesses and offers specialized services related to energy, mining, forestry, and construction in western Canada [5] - Mullen Group is listed on the Toronto Stock Exchange under the symbol "MTL" [6]

Company Overview - Mullen Group Ltd. is a public company with a significant history of acquiring companies in the transportation and logistics sectors [2] - The company operates one of the largest portfolios of logistics companies in North America, offering a variety of services including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics, and specialized hauling transportation [2] - Mullen Group also provides specialized services related to energy, mining, forestry, and construction industries in western Canada, such as water management, fluid hauling, and environmental reclamation [2] Upcoming Earnings Release - Mullen Group plans to release its 2025 Second Quarter earnings results on July 24, 2025, at 6:00 a.m. ET [1] - A conference call and webcast are scheduled for the same day at 10:00 a.m. ET, with pre-registration required for participants [1] Contact Information - Key executives include Mr. Murray K. Mullen (Chair, Senior Executive Officer and President), Mr. Richard J. Maloney (Senior Operating Officer), Mr. Carson P. Urlacher (Senior Financial Officer), and Ms. Joanna K. Scott (Senior Corporate Officer) [4] - The corporate office is located in Okotoks, Alberta, Canada, with contact details provided for inquiries [4]

Core Viewpoint - Mullen Group Ltd. has successfully closed the acquisition of Cole Group Inc. and its related entities for $190 million, effective June 1, 2025, enhancing its logistics service offerings in North America [1][3]. Company Overview - Mullen Group is a public company with a significant portfolio in the transportation and logistics sectors, providing a variety of services including less-than-truckload, truckload, warehousing, and specialized hauling [5]. - The company operates a network of independently run businesses and offers specialized services related to energy, mining, forestry, and construction industries in western Canada [5]. Acquisition Details - The Cole Group, founded in the 1920s, is a leading logistics services provider specializing in customs brokerage, freight forwarding, and trade consulting, with operations across Canada and the U.S. [2]. - The Cole Group is expected to generate annualized revenues of approximately $300 million and operating income before depreciation and amortization (OIBDA) of $20 million [3]. - The acquisition includes $29 million in required working capital and approximately $10 million in real estate, primarily office space [3]. Strategic Rationale - The acquisition aligns with Mullen Group's strategy to expand its non-asset based logistics services, providing enhanced choice and flexibility for customers [7]. - It offers meaningful synergies through cross-selling opportunities within Mullen Group's U.S. & International Logistics segment and other divisions [7]. - The acquisition is expected to be immediately accretive, generating free cash flow with minimal capital expenditure requirements [7]. - It establishes a robust platform for future growth in the U.S. and international markets [7].

Summary of Mullen Group Ltd. Notes Offering Core Viewpoint Mullen Group Ltd. has successfully priced a senior secured notes offering amounting to approximately CAD$400 million, aimed at enhancing liquidity for future growth and prepaying existing debt. Group 1: Notes Offering Details - The offering consists of US$50 million with a yield of 6.91% per annum and CAD$325 million with a yield of 6.04% per annum, maturing on July 10, 2037 [2] - Interest on the notes will be payable semi-annually starting December 7, 2025 [2] - The offering is expected to close on July 10, 2025, pending customary closing conditions [3] Group 2: Use of Proceeds - The net proceeds from the notes offering will be used to prepay existing private placement debt maturing in October 2026 and for general corporate purposes [3][4] - The company aims to utilize the funds to pursue new acquisitions aligned with its strategic plans [4] Group 3: Company Background - Mullen Group is a public company with a significant portfolio in the transportation and logistics sectors, providing a variety of services including less-than-truckload, truckload, and specialized hauling [7] - The company operates a network of independently run businesses and offers specialized services related to energy, mining, forestry, and construction industries in western Canada [7]

Core Points - Mullen Group Ltd. announced the results of the vote on the election of directors at the annual meeting of shareholders held on May 6, 2025 [1] Group 1: Election Results - Christine McGinley received 56,379,939 votes for, representing 95.92%, with 2,396,192 votes withheld (4.08%) [2] - Stephen Lockwood received 56,549,057 votes for, representing 96.21%, with 2,227,074 votes withheld (3.79%) [2] - Laura Hartwell received 57,499,810 votes for, representing 97.83%, with 1,276,321 votes withheld (2.17%) [2] - Murray Mullen received 55,339,017 votes for, representing 94.15%, with 3,437,114 votes withheld (5.85%) [2] - Sonia Tibbatts received 55,051,119 votes for, representing 93.66%, with 3,725,012 votes withheld (6.34%) [2] - Jamil Murji received 57,513,302 votes for, representing 97.85%, with 1,262,829 votes withheld (2.15%) [2] - Richard Whitley received 57,478,676 votes for, representing 97.79%, with 1,297,455 votes withheld (2.21%) [2] - Benoit Durand received 57,588,463 votes for, representing 97.98%, with 1,187,668 votes withheld (2.02%) [2] Group 2: Company Overview - Mullen Group is a public company with a significant history of acquiring companies in the transportation and logistics industries [3] - The company operates one of the largest portfolios of logistics companies in North America, offering a wide range of services including less-than-truckload, truckload, warehousing, logistics, and specialized hauling transportation [3] - Mullen Group also provides specialized services related to energy, mining, forestry, and construction industries in western Canada, including water management and environmental reclamation [3] - The corporate office supports its independent businesses with capital, financial expertise, legal support, technology, and strategic planning [3]

Company Overview - Mullen Group Ltd. is a public company with a significant history of acquiring companies in the transportation and logistics sectors, boasting one of the largest portfolios of logistics companies in North America [5] - The company provides a wide range of services including less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics, and specialized hauling transportation [5] - Mullen Group also offers specialized services related to energy, mining, forestry, and construction industries in western Canada, such as water management, fluid hauling, and environmental reclamation [5] Annual Meeting Details - Mullen Group will host its Annual Meeting on May 6, 2025, at 3:00 PM MDT, which will be conducted virtually [1] - Registered shareholders and duly appointed proxyholders can attend, participate, and vote in real time, while non-registered shareholders can attend as guests but cannot vote or ask questions [2] - Shareholders are encouraged to vote prior to the meeting using methods outlined in the Management Information Circular [3] Additional Information - Further details regarding the meeting, including the business to be covered, can be found in the Circular and other materials filed on SEDAR+ and the company's website [4] - Mullen Group is listed on the Toronto Stock Exchange under the symbol "MTL" [6]

Core Viewpoint - Mullen Group Ltd. has entered into a definitive share purchase agreement to acquire the Cole Group, a leading logistics services company, pending regulatory approvals [1][3]. Company Overview - Mullen Group is a public company with a significant history of acquiring companies in the transportation and logistics sectors, boasting one of the largest portfolios of logistics companies in North America [8]. - The Cole Group is a privately owned logistics services company specializing in customs brokerage, freight forwarding, and trade consulting, with over 700 employees and 43 locations across Canada and the U.S. [2][6]. Strategic Fit - The acquisition of the Cole Group aligns closely with Mullen Group's U.S. & International Logistics segment, enhancing its offerings in customs brokerage and trade consulting, which are currently high-demand services [3]. - The Cole Group's existing leadership team will continue to manage the company post-acquisition, ensuring continuity in its operations and values [4]. Financial Aspects - Mullen Group plans to finance the acquisition using its existing cash and credit facilities [5].

OKOTOKS, Alberta, April 01, 2025 (GLOBE NEWSWIRE) -- (TSX: MTL) Mullen Group Ltd. ("Mullen Group" and/or the "Corporation") intends to release its 2025 First Quarter earnings results on Wednesday, April 23, 2025, at 6:00 a.m. ET, and has scheduled a conference call and webcast as follows: | | | Time: 10:00 a.m. ET Pre-Registration: registration link Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest po ...