Challenging Alberta economic conditions continue to impact oil sands spending and quarterly results Restructuring into a leaner organization focused on operational excellence and superior customer service Amended revolving credit facility to allow for further financial flexibility Quarterly dividend suspended to support operations CALGARY, Nov. 6, 2019 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or the “Company”) today announced financial […]
CALGARY, Oct. 23, 2019 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or the “Company”) announced today that it has completed the previously announced redemption of its $80.5 million convertible debentures (the “Debentures”). The Debentures were redeemed and repaid in cash and have been delisted from the Toronto Stock Exchange. ABOUT STUART OLSON INC. Stuart Olson Inc. provides general contracting […]
CALGARY, Oct. 21, 2019 /CNW/ – Stuart Olson Inc. (TSX: SOX, SOX.DB.A) (“Stuart Olson” or the “Company”) today announced that it will release its financial results for the third quarter ended September 30, 2019 on or about Wednesday, November 6, 2019 after the close of the Canadian capital markets. Conference Call The Company will host a conference call and webcast to discuss its […]
Issues Notice of Redemption for Existing $80.5 Million Convertible Debentures CALGARY, Sept. 23, 2019 /CNW/ – Stuart Olson Inc. (TSX: SOX, SOX.DB.A) (“Stuart Olson” or the “Company”) has closed its previously announced $70.0 million convertible debenture financing, and has provided a notice of redemption to the trustee for its existing $80.5 million convertible debentures. The existing debentures will be redeemed and repaid in cash on October […]
CALGARY, Sept. 11, 2019 /CNW/ – Stuart Olson Inc. (TSX: SOX, SOX.DB.A) (“Stuart Olson” or the “Company”) today announced that its Buildings Group has been awarded approximately $130 million in new contracts. The Buildings Group has secured awards that include the construction of a private sector light industrial facility in Western Canada and a construction management award to build a new student residence […]
CALGARY, Sept. 9, 2019 /CNW/ – Stuart Olson Inc. (TSX: SOX, SOX.DB.A) (“Stuart Olson” or the “Company”) today announced the departure of Daryl Sands, Executive Vice President and Chief Financial Officer. “I would like to thank Daryl for his over 14 years of service and wish him well in his future endeavors”, said David LeMay, Stuart Olson’s President and Chief Executive Officer. The Company […]
Announces a $70.0 million convertible debenture financing with 7.0% coupon Year-to-date backlog additions of $570.0 million and book-to-bill of 1.24 Curtailment policy continued to impact oil sands spending and quarterly results Declared its 34th consecutive quarterly dividend CALGARY, Aug. 7, 2019 /CNW/ – Stuart Olson Inc. (TSX: SOX, SOX.DB.A) (“Stuart Olson” or the “Company”) today announced financial results for the second quarter and first […]
CALGARY, Aug. 7, 2019 /CNW/ – Stuart Olson Inc. (TSX: SOX, SOX.DB.A) (“Stuart Olson” or the “Company”) today announced that it has entered into an agreement with Canso Investment Counsel Ltd., in its capacity as portfolio manager for and on behalf of certain accounts that it manages (collectively, “Canso”), pursuant to which Canso will purchase, subject to Toronto Stock Exchange and […]
CALGARY, July 22, 2019 /CNW/ – Stuart Olson Inc. (TSX: SOX, SOX.DB.A) (“Stuart Olson” or the “Company”) today announced its previously scheduled conference call and webcast to discuss its 2019 second quarter results on Thursday, August 8, 2019 at 7:30 a.m. MT (9:30 a.m. ET) will now be scheduled to start at 8:30 a.m. MT (10:30 a.m. ET). The Company, as previously scheduled, will release its […]
CALGARY, July 4, 2019 /CNW/ – Stuart Olson Inc. (TSX: SOX, SOX.DB.A) (“Stuart Olson” or the “Company”) today announced that it will release its financial results for the second quarter ended June 30, 2019 on or about Wednesday, August 7, 2019 after the close of the Canadian capital markets. Conference Call The Company will host a conference call and webcast to discuss its […]
