Acting stocks: Chorus Aviation, Enbridge, Telus, Dorel

Here is a selection of announcements that move (or will shift) the prices of these companies:

(Come back to read us occasionally
so as not to miss an update)

The Chorus boss sees strong recovery in the summer for air travel

Aviation Chorus (CHR.TO, $ 3.67) posted mixed financial results for its first quarter. Its revenue exceeded expectations, but its adjusted revenue did not happen, as air travel began to rise after the fifth wave of COVID-19 infections.

The Halifax-based carrier, which leases aircraft worldwide and provides regional service to Air Canada, posted net revenue of $ 22.9 million (M $) for the quarter ended March 31, compared to a loss of $ 38.1 million in the same period last year. .

Chorus operating revenue climbed 69% to $ 342.4 million from $ 202.5 million in the same period last year.

Adjusted revenues reached $ 17.7 million, or 10 cents per share, from $ 15.7 million in the same quarter in 2021.

Earlier this week, Chorus Aviation completed its acquisition of London-based aircraft lessor Falko Regional Aircraft, increasing its customer base from 19 to 32 airlines, across a total of 23 countries.

Chorus CEO Joe Randell said the aircraft fleet will be “fully utilized” this summer as demand for air travel, including business travel, returns after more than two years of restrictions and incarceration.

Enbridge posted Q1 revenue of $ 1.93 billion

Enbridge (ENB.TO, $ 58.37) posted higher first-quarter earnings on Friday as demand for energy continued to rise, as well as prices.

The pipeline operator reported profit attributable to common shareholders of $ 1.927 billion (B $) for its most recent quarter, compared to profit of $ 1,900 billion for the same period last year.

Earnings per share were 95 cents for the three months ended March 31, compared to 94 cents for the first three months of 2021.

The Calgary -based company said its money from operating activities reached $ 2.94 billion last quarter, down from $ 2.56 billion in the same period last year.

On an adjusted basis, Enbridge said it earned 84 cents per share in the most recent quarter, while its adjusted profit was 81 cents per share last year.

Growing demand for energy and lack of funding for new supply are exacerbating energy shortages and raising prices, according to Enbridge President and CEO Al Monaco.

Telus posted rising revenue and earnings

Transparent (T.TO, $ 31.94) posted first quarter earnings on Friday from a year ago as its earnings rose more than 6%. The telecommunications group also raised its quarterly dividend by 7.1%, rising from 31.62 cents per share to 33.86 cents per share.

Net income attributable to Telus shareholders was $ 385 million, or 28 cents per share, for the three months ended March 31, compared to revenue of $ 331 million, or 25 cents per share, for the same period last year. Operating and other income rose to $ 4.28 billion from $ 4.02 billion in the first three months of 2021.

The company said it accepted 148,000 new customers in the quarter, including 46,000 for its mobile phone services, 30,000 for its internet services and 26,000 for its security services. On an adjusted basis, Telus gained 30 cents per share in the most recent quarter, down from 27 cents in the first quarter of last year.

Dorel and Supply Chain

The Industries Dorel (DII-B.TO, $ 7.31) saw their shares fall about 6% in the stock market on Friday, the manufacturer of furniture and children’s products still has to deal with a turbulent supply chain, which seen in a loss at first. quarter. The logistical and economic situation remained unfavorable in the first three months of the year, the president and CEO, Martin Schwartz, explained in a press release.

“Supply chain challenges, high inflation and its impact on product selling prices and on our consumers, and uncertainty in Europe are among the factors that contributed to the decline in quarterly earnings” , he says. Net losses from the company’s continuing operations in Montreal doubled to US $ 27.2 million, compared to US $ 12.8 million for the same period last year. Revenues, for their part, dropped 2.4% to US $ 428 million.

The children’s products business posted revenue growth of 3.2% to US $ 216.6 million. The operating loss reached US $ 12.5 million, compared to US $ 7.6 million for the same period last year. For the Dorel Home division, sales dropped 7.5% to US $ 211.5 million. Operating income dropped from US $ 14.8 million to US $ 5.5 million.

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