Year-2019

News Releases
News Releases

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 […]

Stuart Olson Awarded $130 Million in New Contracts

Posted Posted in 2019, MediaCenter

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 […]

Stuart Olson Announces Management Change

Posted Posted in 2019, MediaCenter

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 […]

Stuart Olson Reports Second Quarter Results

Posted Posted in 2019, MediaCenter

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 […]

Stuart Olson Announces a $70 Million Convertible Debenture Financing

Posted Posted in 2019, MediaCenter

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 […]

Stuart Olson Updates Start Time for Conference Call and Webcast of its 2019 Second Quarter Financial Results

Posted Posted in 2019, MediaCenter

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 […]

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

Posted Posted in 2019, MediaCenter

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 […]

Stuart Olson Awarded $100 Million in New Contracts

Posted Posted in 2019, MediaCenter

CALGARY, June 4, 2019 /CNW/ – Stuart Olson Inc. (TSX: SOX, SOX.DB.A) (“Stuart Olson” or the “Company”) today announced that it has been awarded approximately $100 million in new contracts. The Buildings Group has been awarded a construction management project to build a new fire hall in Ontario. The Industrial Group has been awarded a mine facility construction project with a new […]

Stuart Olson Reports on Voting Results from 2019 Annual and Special Meeting of Shareholders

Posted Posted in 2019, MediaCenter

CALGARY, May 22, 2019 /CNW/ – Stuart Olson Inc. (TSX: SOX, SOX.DB.A) (“Stuart Olson” or the “Company”) held its annual and special meeting of shareholders on May 22, 2019 in Calgary, Alberta. A total of 12,406,973 shares, representing 44.33% of shares outstanding were represented in person or by proxy. Shareholders approved all matters proposed before the annual and special meeting, including election […]

Stuart Olson Reports First Quarter Results

Posted Posted in 2019, MediaCenter

Added approximately $300 million to consolidated backlog Reported a strong book-to-bill ratio of 1.36 to 1.00 Declared its 33rd consecutive quarterly dividend CALGARY, May 8, 2019 /CNW/ – Stuart Olson Inc. (TSX: SOX, SOX.DB.A) (“Stuart Olson” or the “Company”) today announced first quarter 2019 financial results, and declared its 33rd consecutive quarterly dividend. “I am pleased to report that we delivered adjusted EBITDA […]

Stuart Olson Awarded $150 Million in New Contracts

Posted Posted in 2019, MediaCenter

CALGARY, April 30, 2019 /CNW/ – Stuart Olson Inc. (TSX: SOX, SOX.DB.A) (“Stuart Olson” or the “Company”) today announced that it has been awarded approximately $150 million in new contracts. The Buildings Group has secured awards that encompass both public infrastructure and private projects in Alberta, including a construction management project to build a new retirement residence. The balance is made up […]

Stuart Olson Announces Chair Succession

Posted Posted in 2019, MediaCenter

CALGARY, April 17, 2019 /CNW/ – Stuart Olson Inc. (TSX: SOX, SOX.DB.A) (“Stuart Olson” or the “Company”) today announced that the Board of Directors has selected David C. Filmon to succeed Albrecht Bellstedt as Chair following the Company’s annual and special meeting of shareholders on May 22, 2019. Mr. Bellstedt is retiring from the role after over ten years’ service as Chair. Mr. Filmon […]

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

Posted Posted in 2019, MediaCenter

CALGARY, April 15, 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 first quarter ended March 31, 2019 on or about Wednesday, May 8, 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 Awarded $120 Million in New Contracts

Posted Posted in 2019, MediaCenter

CALGARY, March 26, 2019 /CNW/ – Stuart Olson Inc. (TSX: SOX, SOX.DB.A) (“Stuart Olson” or the “Company”) today announced that it has been awarded approximately $120 million in new contracts. The Industrial Group has secured a new master services agreement (“MSA”) with an existing customer, to extend the provision of construction services in Ontario to three additional regions. The Industrial Group has also […]

Stuart Olson Reports Fourth Quarter and Full Year 2018 Results

Posted Posted in 2019, MediaCenter

Added approximately $825 million to consolidated backlog in 2018 Maintained balance sheet with healthy liquidity and leverage metrics Amended revolving credit facility to allow for additional financial flexibility Quarterly dividend reduced to $0.06 per common share to support future growth CALGARY, March 5, 2019 /CNW/ – Stuart Olson Inc. (TSX: SOX, SOX.DB.A) (“Stuart Olson” or the “Company”) today announced fourth quarter and full-year […]

Stuart Olson named one of Alberta’s Top Employers in 2019 for the third consecutive year

Posted Posted in 2019, MediaCenter

CALGARY, March 4, 2019 /CNW/ – Stuart Olson Inc. (TSX: SOX, SOX.DB.A) (“Stuart Olson” or the “Company”) is honoured to have been shortlisted as one of Canada’s Top 100 employers, and recognized as one of Alberta’s Top Employers in 2019 for the third consecutive year. “To again be recognized as one of Alberta’s Top Employers, and shortlisted as one of Canada’s Top 100 Employers, reflects our strong […]

Stuart Olson Announces Release Date, Conference Call and Webcast for 2018 Fourth Quarter and Annual Financial Results

Posted Posted in 2019, MediaCenter

CALGARY, Feb. 19, 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 quarter and fiscal year ended December 31, 2018 on or about Tuesday, March 5, 2019 after the close of the Canadian capital markets. Conference Call The Company will host a conference call and webcast to […]

Stuart Olson responds to letter from Crescendo Partners and Jamarant Capital

Posted Posted in 2019, MediaCenter

CALGARY, Jan. 13, 2019 /CNW/ – Stuart Olson Inc. (TSX: SOX, SOX.DB.A) (“Stuart Olson” or the “Company”) today issued the following response to the public release of a January 11, 2019 letter from Crescendo Partners L.P. (“Crescendo”) and Jamarant Capital L.P. (“Jamarant”) (“the affiliated shareholders”) in which the two affiliated firms disclosed their intention to nominate one […]