The Caldwell Partners International (CWL.TO) appointed Alex Langridge as a Partner in its Financial Services Practice in London, it said on Thursday.
Langridge, who has more than 20 years of executive search and leadership advisory experience, most recently led the financial services practice at a leadership advisory firm focused on banking, fintech, insurance, and investor-backed businesses, it said.
Shares of the company closed down 1.2% to $0.86 on the Toronto Stock Exchange.
BRP (DOO.TO), up 10.5% in U.S. pre-market trading on last look, said on Thursday that first-quarter adjusted earnings surged as revenue jumped 30%. The company also revised its full year guidance.The leisure craft manufacturer said normalized net earnings, stripped of most one-time items, for the quarter ended April 30, surged near 290% to $134.5 million, or $1.83 per diluted normalized share, from $34.6 million, or $0.47 per share. Analysts polled by FactSet had expected $1.15 per share.Revenue climbed 29.5% to $2.4 billion, driven by higher off road vehicles (ORV) and personal watercraft (PWC) shipments, and favourable ORV product mix, due to the introduction of new models. Analysts had expected revenue of $2.1 billion.The company also updated its fiscal 2027 guidance to include incremental tariff costs net of mitigation measures. Total company revenue is now forecast to range between $9.1 billion to $9.4 billion, and normalized diluted earnings per share is expected to be between $3.00 to $3.50.For its fiscal second-quarter, BRP is guiding to normalized diluted earnings per share to be down $1.60 to $1.65 versus the same three-month period last year. The decline results from the net impact of tariffs, the timing of PWC shipments and higher tax incentives last year.BRP will pay a regular quarterly dividend of $0.25 per share on July 14, to shareholders of recordon June 30."We delivered Q1 financial results above expectations, driven by higher volumes, disciplined cost management, strong overall execution and a more favourable promotional environment. We also sustained our solid retail momentum across key ORV segments, as new product introductions in the second half of last year contributed to additional market share gains," said chief executive Denis Le Vot."As tariff policies shifted significantly during the quarter, our teams moved quickly to define mitigation measures to reduce their impact. Looking ahead, we are focused on navigating these headwinds while also protecting our long-term growth prospects. Although the geopolitical and trade environment remains volatile, we are issuing a revised full-year guidance that incorporates both positive trends in our business and net tariff costs," Le Vot added.BRP shares were last seen up US$6.08, to US$64.11 in New York trading.
Calfrac Well Services (CFW.TO) has received approval from the Toronto Stock Exchange to commence a normal course issuer bid, the company said Thursday.Under the NCIB, Calfrac may purchase for cancellation up to 5,023,580 common shares, or about 5% of its issued and outstanding common shares.Purchases under the NCIB may commence on or about June 1, 2026, and will terminate on or about May 31, 2027, or earlier.Calfrac believes that the market price of its shares does not fully reflect the underlying value of its business and future prospects and the NCIB provides the company with the flexibility to pursue share repurchases while maintaining its focus on debt repayment and capital investment.Shares in Calfrac were up 2.1% yesterday despite losses for the broader market.
Rockpoint Gas Storage (RGSI.TO) reported lower net earnings year over year in the fiscal fourth quarter of 2026, when including the impact of Brookfield's 'Legacy Incentive Plans', but said it has entered fiscal 2027 in a "position of strength" and announced its first dividend increase.Among Q4 highlights, Rockpoints reported net earnings were US$24.4 million, down from $57.0 million. But the company said net earnings would have been $76 million for the quarter excluding the compensation costs impact related to Brookfield's legacy long-term incentive plan agreements. These costs were fully funded by Brookfield Infrastructure, resulting in no liquidity impact to Rockpoint or class "A" shareholders, it noted.In Q4, Adjusted EBTIDA was $109.2 million, down from $112.7 million, while distributable cash flow was $74.8 million, or $0.56 per share, down from $78.0 million, or $0.59 per share.Meanwhile the company said financial results for fiscal 2026 benefitted from higher Take-or-Pay revenues and strong performance from the Optimization business. While ToP revenues were supported by rising contracting rates, Optimization revenues were driven by elevated natural gas price volatility."Fiscal 2026 was another milestone year for Rockpoint where the company continued to execute its commercial strategy, expanded Fee-for-Service cash flows, and delivered record financial results," said Toby McKenna, CEO. "Rockpoint has grown its distributable cash flow for the fifth consecutive year and is pleased to announce its first dividend increase. The company has entered fiscal 2027 in a position of strength, supported by a high quality, irreplicable asset base that is well positioned to benefit from improving business fundamentals, rising demand for energy reliability, and the growing strategic importance of storage within the energy infrastructure value-chain."On the dividend, Rockpoint's board of directors has declared a quarterly cash dividend of $0.2310 per class A common share for the fourth fiscal quarter. The dividend is expected to be paid on June 30 to holders of class A common shares of record as at the close of business on June 15. The dividend represents a 5% increase from the prior quarterly rate and reflects the high end of Rockpoint's long-term dividend growth target range of 3% to 5%.Shares in Rockpoint fell 1.9% yesterday amid losses for the broader market.