Stuart Olson Awarded Three and a Half Year Contract for Industrial Services Valued at an Estimated $120 Million

Posted Posted in 2020, MediaCenter

CALGARY, May 13, 2020 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or the “Company”) today announced that its Industrial Group has been awarded a three and a half year contract valued at an estimated $120 million to provide turnaround and maintenance services to TransAlta Corporation’s Alberta thermal power plants. “This contract award represents an important win for our Industrial Group as […]

Stuart Olson Announces Release Date, Conference Call and Webcast for 2020 First Quarter Financial Results

Posted Posted in 2020, MediaCenter

CALGARY, May 4, 2020 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or the “Company”) today announced that it will release its financial results for the first quarter ended March 31, 2020 on or about Wednesday, May 13, 2020 after the close of the Canadian capital markets. Conference Call The Company will host a conference call and webcast to discuss its 2020 […]

Stuart Olson Reports Fourth Quarter and Full Year 2019 Results

Posted Posted in 2020, MediaCenter

Expect to build on $860 million of 2019 awards, with strong pipeline of opportunities to support stable and growing backlog Non-cash goodwill impairment impacts Q4 net earnings Amended the revolving credit facility to allow for additional financial flexibility Project dispute settled for proceeds of $22.0 million impacts financial results CALGARY, March 24, 2020 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or […]

Stuart Olson Announces Release Date, Conference Call and Webcast for 2019 Fourth Quarter and Annual Financial Results

Posted Posted in 2020, MediaCenter

CALGARY, Feb. 19, 2020 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or the “Company”) today announced that it will release its financial results for the quarter and fiscal year ended December 31, 2019 on or about Tuesday, March 24, 2020 after the close of the Canadian capital markets. Conference Call The Company will host a conference call and webcast to discuss […]

Stuart Olson Awarded Seven-Year MRO Contract for Bundled Industrial Services Valued at an Estimated $400 Million

Posted Posted in 2020, MediaCenter

CALGARY, Jan. 30, 2020 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or the “Company”) today announced that its Industrial Group has been awarded a seven-year contract valued at an estimated $400 million to provide maintenance, repair and operations (MRO) services to an existing oil sands customer in Alberta. Under the terms of the agreement, Stuart Olson has increased the scope of services […]

Stuart Olson Announces Management Change

Posted Posted in 2020, MediaCenter

CALGARY, Jan. 24, 2020 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or the “Company”) today announced that its Executive Vice President and Chief Financial Officer, Bharat Mahajan, has notified the Company of his decision to resign and that he has accepted a different position. The Company also announced the appointment of Dean R. Beacon as Executive Vice […]

Stuart Olson Reports Third Quarter Results

Posted Posted in 2019, MediaCenter

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 […]

Stuart Olson Completes Redemption of $80.5 million Convertible Debentures

Posted Posted in 2019, MediaCenter

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 […]

Stuart Olson Announces Release Date, Conference Call and Webcast for 2019 Third Quarter Financial Results

Posted Posted in 2019, MediaCenter

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 […]

Stuart Olson Closes $70 Million Convertible Debenture Financing

Posted Posted in 2019, MediaCenter

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 […]