Category: Uncategorized

Carmanah Publishes 2018 Corporate Social Responsibility Report

  In recognition of Earth Day earlier this week, we are proud to release our 2018 Corporate Social Responsibility Report. In this annual overview, we cover the three commitments that make up our triple bottom line approach: people, planet, and profit. This year’s highlights include: Our first-ever Carmanah in the Community day, in which staff […]

Carmanah Reports Fourth Quarter, and Fiscal 2018 Results

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today reported its fourth quarter and fiscal 2018 financial results for the periods ended December 31, 2018.  Currency amounts are in U.S. dollars unless otherwise noted. All figures below, unless otherwise stated, are for Carmanah’s continuing operations and exclude the operating results from the Company’s discontinued […]

Carmanah Announces Release Date for Fourth Quarter 2018 Financial Results and Conference Call

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) will release its third quarter 2018 financial results on Wednesday November 14th, 2018 after market close. Carmanah has scheduled a conference call for analysts at 6:00 am PST (9:00 am ET) on Thursday November 15th, 2018.

Carmanah Completes Asset Sale to SPX Corporation

Note*: Carmanah’s Marine, Airfields and Obstruction businesses have been sold to SPX Corporation. Get in touch with these businesses for your support needs here. VICTORIA, BC, CANADA Carmanah Technologies Corporation (TSX:CMH) (the “Company” or “Carmanah”), announced today that it has completed the sale of a significant portion of the assets of the Company to SPX Corporation […]

Carmanah Announces Results of Special Meeting

VICTORIA, BC, CANADA (January 22, 2019) Carmanah Technologies Corporation (TSX:CMH) (the “Company” or “Carmanah”) today announced the voting results from its special meeting held on January 22, 2019. The shareholders voted in favour of a special resolution (the “Transaction Resolution”) approving an asset sale contemplated by a purchase agreement dated December 12, 2018 between the […]

Carmanah Announces Agreement to Sell Assets to SPX Corporation

  VICTORIA, BC, CANADA (December 12, 2018) Carmanah Technologies Corporation (TSX:CMH) (the “Company” or “Carmanah”), announced today that it has entered into a purchase agreement (the “Agreement”) regarding the sale of a significant portion of the assets of the Company to SPX Corporation (“SPX”) for USD $77.0 million.  The assets being sold include all of […]

Carmanah Reports Third Quarter 2018 Results

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today reported its third quarter financial results for the period ended September 30, 2018.  Currency amounts are in U.S. dollars unless otherwise noted and are for Carmanah’s continuing operations which exclude the operating results from the Company’s Power Division segment which was divested by way of two separate transactions in 2017. In the third quarter of 2018, Carmanah generated overall revenues of USD $12.9 million, down USD $1.6 million or 11.3% over the third quarter of 2017 revenues of USD $14.5 million.  Of overall revenues, the Company’s Signals segment declined USD $2.1 million or 15.1% in the quarter while the Company’s Illumination segment increased by USD $0.5 million or 68.3% on a comparative basis. The third quarter 2018 Signals segment revenue varied as follows: ·         The Company’s Germany based Sabik Offshore division incurred a decrease in revenues primarily due to offshore wind project delays in Europe.

Carmanah Announces Release Date for Third Quarter 2018 Financial Results and Conference Call

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) will release its third quarter 2018 financial results on Wednesday November 14th, 2018 after market close. Carmanah has scheduled a conference call for analysts at 6:00 am PST (9:00 am ET) on Thursday November 15th, 2018.

Carmanah Acquires Information Display Company

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today announces that it has completed an acquisition of Information Display Company (“IDC”). Headquartered in Portland, Oregon, IDC was established in 1993 and is one of the industry’s most respected names in radar speed signs.

Carmanah Reports Second Quarter 2018 Results

Carmanah Technologies Corporation (TSX: CMH) (“the Company” or “Carmanah”) today reported its second quarter financial results for the period ended June 30, 2018.  Currency amounts are in U.S. dollars unless otherwise noted and are for Carmanah’s continuing operations which exclude the operating results from the Company’s Power Division segment which was divested by way of two separate transactions in 2017. In the second quarter of 2018, Carmanah generated revenues of USD $13.8 million, up USD $1.6 million or 13.1% over the second quarter of 2017 revenues of USD $12.2 million.  The increase in revenues was attributed to stronger performance by the Company’s Signals segment, which generated revenues of USD $12.9 million, up USD $1.7 million or 14.6% over the second quarter of 2017 revenues of USD $11.2 million.  The Illumination segment generated revenues of USD $1.0 million, which were unchanged from the second quarter of 2017. Gross margin percentage in the second quarter of 2018 was 42.9%, up 0.2% compared to the same period in 2017.