The Canadian Press - ONLINE EDITION

Canam Group's Q2 profit falls amid lower margins in most of its markets

  • Print

BOUCHERVILLE, Que. - Canam Group Inc. (TSX:CAM) reports it had $4.5 million of net income in its second quarter, down from $7.4 million a year earlier, due to lower margins on the Quebec-based company's specialized structural steel products.

"However, our results at the end of the quarter allowed us to build positive momentum that appears to be confirmed by the increase in the backlog of orders," Canam president and CEO Marc Dutil said in a statement.

Canam Group's backlog of orders was a record $857 million as of June 28, up from $793 million at the end of the first quarter of 2014 and $619 million at the end of the second quarter of 2013.

Revenue was up 11.4 per cent from a year earlier, rising to $281 million from $252 million in the second quarter of 2013.

Canam's net income amounted to 11 cents per share, down from 18 cents per share.

Headquartered in Boucherville, Que., northeast of Montreal, Canam operates 21 plants across North America and employs 3,600 people in Canada, the United States, Romania, India and Hong Kong.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Bombers This Week: Huge game against Lions

View more like this

Photo Store Gallery

  • MIKE DEAL / WINNIPEG FREE PRESS 060711 Chris Pedersen breeds Monarch butterflies in his back yard in East Selkirk watching as it transforms from the Larva or caterpillar through the Chrysalis stage to an adult Monarch. Here an adult Monarch within an hour of it emerging from the Chrysalis which can be seen underneath it.
  • A goose comes in for a landing Thursday morning through heavy fog on near Hyw 59 just north of Winnipeg - Day 17 Of Joe Bryksa’s 30 day goose challenge - May 24, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

What should the legal drinking age be?

View Results

View Related Story

Ads by Google