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Colabor Group Inc (GCL.TO)

GCL.TO on Toronto Stock Exchange

1.07CAD
21 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Colabor Q4 same store sales fell 4.3 pct
Friday, 24 Feb 2017 07:00am EST 

Colabor Group Inc : Colabor Group reports its 2016 fourth quarter and year-end results .Q4 same store sales fell 4.3 percent.  Full Article

Colabor says Q4 same store sales down 4.3 percent
Friday, 24 Feb 2017 07:00am EST 

Colabor Group Inc : Colabor group reports its 2016 fourth quarter and year-end results . Q4 same store sales fell 4.3 percent . Qtrly consolidated sales $432.5 million versus $431.9 million . Expect improved gross margins and organic growth in comparable sales in second half of 2017 . Qtrly earnings per share $0.00 . To optimize asset utilization and continue to cut costs, plan to close vaughan, ontario warehouse on april 30, 2017 .Expect improved gross margins, organic growth in comparable sales in second half of 2017,.  Full Article

Colabor Group Q3 EPS $0.10
Thursday, 13 Oct 2016 09:00am EDT 

Colabor Group Inc : Colabor group reports results for the third quarter of 2016 .Q3 sales C$360.9 million.  Full Article

Colabor Group announces debentureholder and shareholder approvals
Monday, 22 Aug 2016 02:10pm EDT 

Colabor Group Inc : Debentureholders of company's 5.70% convertible debentures due April 30, 2017 have approved proposed amendments to convertible debentures . Shareholders have approved proposed $50 million rights offering, including offering price under rights offering . Debentureholders holding more than 97.75% of principal amount of convertible debentures present, at meeting have approved debenture amendments .Debenture amendments will have effect of extending maturity date for a 5-year period from closing date of recapitalization transactions.  Full Article

Colabor Group reports Q2 earnings of $0.11/ share
Thursday, 14 Jul 2016 07:00am EDT 

Colabor Group Inc : Colabor Group reports results for the second quarter of 2016 . Consolidated sales were $364.8 million for 84-day period ended June 11, 2016, up from $366.6 million . Colabor Group Inc quarterly earnings per share $0.11 . Once recap process is completed, total-net-debt-to-adjusted EBITDA ratio for last 12 months to decrease from 6.7 to about 5.1x on pro forma basis .Agreement will also have advantage of reducing interest expenses by about $3 million per year.  Full Article

Colabor Group announces comprehensive recapitalization transactions
Thursday, 14 Jul 2016 06:55am EDT 

Colabor Group Inc : Colabor Group announced comprehensive recapitalization transactions to strengthen its balance sheet and reduce future interest costs . Recapitalization transactions will allow Colabor to reduce its level of indebtedness by approximately $47.5 million . Of proceeds from rights offering, $17.5 million will be used to reduce corporation's subordinated loan . Extension for 3 years of current senior credit facilities, reduction of outstanding balance by approximately $30 million . Says recapitalization transaction to extend maturity date of all debt by 3 to 5 years . Of proceeds from rights offering approximately $30 million will be used to pay amounts outstanding under credit facilities . Recapitalization transactions will allow Colabor to extend maturity date of all debt by 3 to 5 years . Zucker currently holds about 11.8% of outstanding common shares and approximately 2.6% of outstanding convertible debentures .As a result of recapitalization transactions, Zucker may hold up to approximately 17.8% of outstanding common shares..  Full Article

Colabor Group Inc announces rationalization plan
Tuesday, 26 Jan 2016 08:30am EST 

Colabor Group Inc:Announced a plan to rationalize and optimize its operations.Says plan will entail the elimination of about 120 jobs, or 8% of the Company's headcount.In addition to a reduction of current personnel, some vacant positions will be eliminated.Essentially reflecting these layoffs, Colabor will record a charge not related to current operations of approximately $3.0 million, before taxes.  Full Article

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BRIEF-Colabor Q4 same store sales fell 4.3 pct

* Colabor Group reports its 2016 fourth quarter and year-end results