Calian Announces Certain Preliminary Unaudited Results for Fiscal 2023
October 26 2023 - 9:36AM
Calian® Group Ltd. (TSX:CGY), a diverse products and services
company providing innovative healthcare, communications, learning
and cybersecurity solutions, is announcing certain preliminary,
unaudited financial results for its FY23 ended September 30, 2023.
- Adjusted EBITDA is expected to be
at the top end of the guidance range.
- Revenues are expected to be in the
middle of the guidance range.
- Repurchased 50,512 shares in
accordance with the normal course issuer bid since the launch of
the program (32,094 shares in FY23).
“We are updating our estimates with regards to
the FY23 guidance based on a strong finish in our fourth quarter.
These preliminary results represent the highest ever revenue and
adjusted EBITDA quarter and the 6th consecutive year of
double-digit revenue growth. We look forward to discussing these
results after we release them on November 27th,” said Kevin Ford,
Calian Chief Executive Officer.
These preliminary results are based on
information available to Calian as of the date of this release and
are subject to the completion of the Company’s year-end financial
reporting process, reviews and audit. Financial results for the
year ended September 30, 2023, will be released on November 27,
2023, after financial markets close. Calian will not provide any
additional comments or details until after the annual audited
consolidated financial statements have been published.
As a reminder, see below the revised guidance
issued on August 10, 2023:
|
|
|
|
|
Guidance for the year ended Sept. 30, 2023 |
|
|
|
|
(in thousands of Canadian $) |
Low |
|
|
High |
Revenue |
630,000 |
|
|
680,000 |
Adjusted EBITDA |
60,000 |
|
|
65,000 |
Adjusted Net Profit |
36,000 |
|
|
40,000 |
Note: This guidance includes Hawaii Pacific
Teleport effective on August 1st, and benefits from the
restructuring plan, but excludes the one-time restructuring cost of
approximately $2 million to be recorded in Q4.
About CalianWe keep the world
moving forward. Calian® helps people communicate, innovate, learn
and lead safe and healthy lives. Every day, our employees live our
values of customer commitment, integrity, innovation and teamwork
to engineer reliable solutions that solve complex problems. That’s
Confidence. Engineered. A stable and growing 40-year company, we
are headquartered in Ottawa with offices and projects spanning
North American, European and international markets.
Visit calian.com to learn about innovative
healthcare, communications, learning and cybersecurity
solutions.
Product or service names mentioned herein may be
the trademarks of their respective owners.
Media inquiries:pr@calian.com 613-599-8600 x 2298
Investor Relations inquiries:ir@calian.com
DISCLAIMER
Certain information included in this press
release is forward-looking and is subject to important risks and
uncertainties. The results or events predicted in these statements
may differ materially from actual results or events. Such
statements are generally accompanied by words such as “intend”,
“anticipate”, “believe”, “estimate”, “expect” or similar
statements. Factors which could cause results or events to differ
from current expectations include, among other things: the impact
of price competition; scarce number of qualified professionals; the
impact of rapid technological and market change; loss of business
or credit risk with major customers; technical risks on fixed price
projects; general industry and market conditions and growth rates;
international growth and global economic conditions, and including
currency exchange rate fluctuations; and the impact of
consolidations in the business services industry. For additional
information with respect to certain of these and other factors,
please see the Company’s most recent annual report and other
reports filed by Calian with the Ontario Securities Commission.
Calian disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise. No assurance can be given
that actual results, performance or achievement expressed in, or
implied by, forward-looking statements within this disclosure will
occur, or if they do, that any benefits may be derived from
them.
Calian · Head Office · 770 Palladium Drive ·
Ottawa · Ontario · Canada · K2V 1C8 Tel: 613.599.8600 · Fax:
613-592-3664 · General info email: info@calian.com
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