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



KWG Partners With Massive Chinese Railway Company To Study Rail Solution For The Ring Of Fire

  • KWG and China Railway Company have signed a Confidentiality and Non-Disclosure Agreement
  • Includes a three-year standstill provision, to enable the scoping and engineering data of KWG subsidiary Canada Chrome Corporation to be made available for examination and analysis by FSDI
  • Parties intend to explore the possibility of a negotiated transaction between them for Chinese firm to undertake a feasibility study for KWG
  • WATCH BNN Interview With Frank Smeenk

Hub On AGORACOM / Corporate Profile / Read Release

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

Rank: [?]
Points: [?]
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


What Is Twitter? Watch Our 5-Minute Tutorial ... Watch Now

President's D.D.

New feature: Hub Presidents can add important links here.