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CanWel Building Materials Group Ltd (CWX.TO)

CWX.TO on Toronto Stock Exchange

6.09CAD
19 May 2017
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Latest Key Developments (Source: Significant Developments)

Canwel Building Materials reports Q1 revenue of C$223 mln
Tuesday, 9 May 2017 04:00pm EDT 

May 9 (Reuters) - Canwel Building Materials Group Ltd :Canwel Building Materials announces first quarter 2017 financial results.Q1 revenue C$223 million versus I/B/E/S view C$217.4 million.  Full Article

Canwel Building Materials Q4 revenue rose 18.6 pct to C$978 mln
Tuesday, 7 Mar 2017 04:00pm EST 

Canwel Building Materials Group Ltd : Canwel building materials announces fourth quarter and full year 2016 financial results . Q4 revenue rose 18.6 percent to c$978 million .Q4 revenue view c$229.3 million -- Thomson Reuters I/B/E/S.  Full Article

Canwel Building Materials says agreed to acquire business of Total Forest Industries
Monday, 29 Aug 2016 08:00am EDT 

Canwel Building Materials Group Ltd : Deal Expected To Be Accretive To Earnings As Early As Current Fiscal Year . Agreed In Principle To Acquire Business Of Total Forest Industries .Purchase Price For Plant Will Be Paid In Cash From Company's Existing Credit Facilities.  Full Article

Canwel Building Materials qtrly net earnings $41.2 mln vs $6.1 mln
Tuesday, 9 Aug 2016 04:00pm EDT 

Canwel Building Materials Group Ltd : Qtrly revenues increased by 29% to $290 million when compared to $225 million in same period in 2015 .Qtrly net earnings $41.2 million versus $6.1 million.  Full Article

CanWel Building Materials Q1 rev rose 24 pct to C$198 mln
Monday, 16 May 2016 02:00pm EDT 

Canwel Building Materials Group Ltd : Canwel Building Materials announces first quarter 2016 financial results . Qtrly net earnings $912,000 versus net loss of $1.2 million .Q1 revenue rose 24 percent to C$198 million.  Full Article

CanWel Building Materials Completes $25 Million Bought Deal Equity Financing
Wednesday, 30 Mar 2016 09:30am EDT 

CanWel Building Materials Group Ltd:Completed its previously announced private placement of 6,100,750 subscription receipts ("Subscription Receipts") at a price of $4.10 per Subscription Receipt for gross proceeds of $25,013,075.pursuant to a bought deal underwritten by a syndicate of underwriters led by GMP Securities L.P., and including Raymond James Ltd., Canaccord Genuity Corp., Cormark Securities Inc., Haywood Securities Inc. and Paradigm Capital Inc.Proceeds raised under the Private Placement are inclusive of an additional $3,262,575 raised in connection with the exercise in full by the Underwriters of their option to arrange for the purchase of an additional 795,750 Subscription Receipts.Certain insiders of the Company and others subscribed for 3,561,048 Subscription Receipts for gross proceeds of $14,600,297.  Full Article

CanWel Building Materials Group Ltd announces acquisition of Jemi Fibre and Concurrent Bought Deal Equity Financing
Wednesday, 9 Mar 2016 04:57pm EST 

CanWel Building Materials Group Ltd:Announces acquisition of Jemi Fibre and concurrent bought deal equity financing.Deal expected to be immediately accretive to co's earnings and free cash flow per share by over 15% on annual basis.Underwriters have agreed to purchase 4.9 million subscription receipts of Canwel at a price of $4.10 per subscription receipt.Refinancing of Jemi fibre's senior loans expected to reduce its interest costs by approximately $7 million per annum.Expects to assume total indebtedness of about $25 million and refinance about $50 million of Jemi fibre's senior loans.All of Jemi fibre's common shares will be exchanged for co's shares on basis of 31.13 Jemi Fibre shares for Canwel share.Says approximately 2.53 million common shares of Canwel will be issued to shareholders of Jemi Fibre.Says transaction will result in Jemi Fibre becoming a wholly-owned subsidiary of Canwel.Says arrangement agreement includes a $2.5 million termination fee payable to Canwel under certain circumstances.Says implied equity value of Jemi Fibre is approximately $11 million.  Full Article

CanWel Building Materials Group Ltd announces quarterly dividend
Tuesday, 15 Sep 2015 08:00am EDT 

CanWel Building Materials Group Ltd:Announces that its Board of Directors has declared a quarterly dividend of $0.14 per share that will be paid on Oct. 15, to shareholders of record on Sept. 30.  Full Article

CanWel Building Materials Group Ltd completes US$56.6 million acquisition of california cascade industries
Thursday, 2 Jul 2015 06:20pm EDT 

CanWel Building Materials Group Ltd:Completed previously announced acquisition of California Cascade Industries, and previously announced private placement of 8,050,000 subscription receipts at price of $5.00 per Subscription Receipt for gross proceeds of $40,250,000.pursuant to bought deal underwritten by syndicate of underwriters led by GMP Securities L.P., and including Raymond James Ltd., Canaccord Genuity Corp., Haywood Securities Inc., and Cormark Securities Inc.Proceeds raised under the Private Placement are inclusive of an additional $5,250,000 raised in connection with the exercise in full by the Underwriters of their option to arrange for the purchase of an additional 1,050,000 Subscription Receipts.also completed previously announced non-brokered concurrent private placement of 2,385,000 Subscription Receipts to certain insiders of Company for proceeds of $11,925,000, under same terms as the Private Placement.In connection with Acquisition, certain sellers of CCI have elected to receive US$15 million of CanWel common shares (representing 3,224,087 commons shares) as partial consideration under Acquisition and will remain with CCI for two years.Concurrent with closing of Acquisition, Subscription Receipts issued pursuant to the Private Placement and Concurrent Private Placement were converted into a total of 10,435,000 common shares of Company in accordance with their terms.  Full Article

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