Welcome To The Commercial Solutions HUB On AGORACOM
Specializes in the national distribution and sales of bearing, power transmission, industrial, safety, forestry, mining and resource management equipment products and services.
  • Demo Video
  • Private Messages
  • Edit My Profile
  • View/Edit Portfolio

AGORACOM News Flash

AGORACOM Small Cap Stock TV


Good afternoon to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on our TV show.

Here's today's featured companies:

  • Virtutone Networks VFX.V),
  • BlackBerry (BB.T),
  • Fission Uranium (FCU.V),
  • Cayden Resources (CYD.V),
  • Rockhaven Resources (RK.V)
  • Pilot Gold (PLG.T)

Watch It Now!

Message: Commercial Solutions says Q1 earnings sank 96 per cent to $56K (Commercial-Solut

Suit_tie
Rank: [?]
President
Points: [?]
2215
Rating: [?]
Votes: 67 Score: 3.9
  • Currently 4.0/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Commercial Solutions says Q1 earnings sank 96 per cent to $56K (Commercial-Solut

posted on Feb 14, 08 02:15PM
EDMONTON _ Industrial distributor Commercial Solutions Inc. (TSX:CSA) says its first-quarter earnings sank 96 per cent to about $56,000 from a year-ago $1.4 million as revenue fell 17 per cent amid a slowdown in Western Canada.

Sales for the quarter ended Dec. 31 decreased to $33.7 million from $40.7 million.

Earnings per share amounted to nil, versus seven cents per share a year earlier.

Commercial Solutions is a major distributor of bearings, power transmission, oilfield, industrial, safety, survey and resource-management equipment products.

"Commercial continues to be impacted by the cyclical slowdown in the western Canadian drilling industry and the forest industry," CEO Jim Barker said Thursday.

"We are driving costs out of our system and on several initiatives these costs will not return when this cyclical downturn reverses itself. We believe our strong competitive position will allow us to gain greater market share when our markets return."

Edmonton-based Commercial Solutions is one of Canada?s top independent industrial distributors, with 40 service centres and 369 employees across Canada.

On the Toronto stock market, Commercial shares were down six cents at $1.40.

New Message

Please login to post a reply

AGORACOM Quick Tips

AGORACOM 100 - The Top 100 Small Caps ... Find Your Next Investment

President's D.D.

New feature: Hub Presidents can add important links here.