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

BREAKING NEWS...

NPWZ: OTCQB

Neah Power Begins Taking Pre-Orders for BuzzBar(TM) Product Suite Including: BuzzCell(TM), BuzzSol(TM) and BuzzBat(TM) Products

  • Announced that consumers can now pre-order the BuzzBar Suite of products including: the liquid-fueled BuzzCell, the sun-powered BuzzSol, and AA battery-powered BuzzBat at www.neahpower.com
  • Allows consumers to keep mobile devices like smart phones and tablets charged using a variety of power sources, and are never confined to a single source. Consumers can choose from the Neah-exclusive liquid fuel cells (BuzzCell), solar (BuzzSol), or easily available AA (BuzzBat) batteries.

Hub On AGORACOM / Corporate Profile / Pre Order BuzzBar

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

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

President's D.D.

New feature: Hub Presidents can add important links here.