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Span-America Medical Systems Inc (SPAN.OQ)

SPAN.OQ on NASDAQ Stock Exchange Global Market

28.97USD
26 May 2017
Change (% chg)

$0.04 (+0.14%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Span-America reports Q2 earnings per share $0.62
Thursday, 4 May 2017 06:00pm EDT 

May 4 (Reuters) - Span-america Medical Systems Inc :Span-America reports second quarter fiscal 2017 results.Q2 earnings per share $0.35 excluding items.Q2 earnings per share $0.62.Q2 sales rose 3 percent to $15.2 million.  Full Article

Span-America Medical Systems sees Q2 EPS of $0.62
Monday, 1 May 2017 03:33pm EDT 

May 1 (Reuters) - Span-america Medical Systems Inc ::Span-America Medical Systems Inc announces preliminary results for second quarter.Sees Q2 2017 earnings per share $0.62.Sees Q2 2017 sales $15.2 million.Sees Q2 2017 sales up about 3 percent.Reported that board of directors declared a quarterly cash dividend of $0.16 per share.  Full Article

Savaria Corporation to acquire Span-America Medical Systems Inc.
Monday, 1 May 2017 03:32pm EDT 

May 1 (Reuters) - Savaria Corp :Savaria Corporation to acquire Span-America Medical Systems, Inc..Terms and conditions of transaction were unanimously approved by boards of directors of each of Savaria and Span-America.Transaction is immediately accretive by more than 30 pct to Savaria's ttm free cash flow per share.Savaria has entered into an agreement with National Bank Financial and GMP Securities L.P. To sell 2 million subscription receipts.If conditions to deal not satisfied by Sept 1, gross proceeds of offering will be returned to holders of subscription receipts with interest.Savaria is also reaffirming its full year 2017 outlook provided on March 6, 2017.  Full Article

Span-America Medical Systems agrees to be acquired by Savaria Corporation
Monday, 1 May 2017 03:30pm EDT 

May 1 (Reuters) - Span-America Medical Systems Inc ::Span-America Medical Systems, Inc. agrees to be acquired by Savaria Corporation.All-cash tender offer of $29 per share.Savaria intends to acquire Span-America by way of an all-cash tender offer for $29 per share, or approximately $80.2 million.Savaria has indicated that it will finance deal with cash on hand, financing commitment from National Bank of Canada among others.Savaria also indicated that it will finance transaction with a Canadian equity private placement of subscription receipts.Board of Directors of Span-America unanimously approved proposed acquisition of Span-America by Savaria.Deal subject to conditions including receipt of two-thirds of Span-America's shares in tender offer to Span-America' shareholders.As per deal, all of Span-America's Board Members and senior managers have agreed to tender their shares.Savaria to buy all remaining shares not tendered in tender offer through second-step merger at same price/share as payable under offer.Members of Span-America's Board, senior officers to tender their Span-America shares, constituting about 15.9% of its outstanding shares.  Full Article

Span-America shareholders elect directors, approve stock plan
Monday, 27 Feb 2017 04:19pm EST 

Span-America Medical Systems Inc : Span-America shareholders elect directors, approve stock plan and select auditors at annual meeting . Expects growth in medical segment sales in second half of fiscal 2017 .Span-America medical systems - expect overall sales, earnings comparisons for remainder of fiscal 2017 to improve over q1 fiscal 2017 comparative results.  Full Article

Span-America Q1 earnings per share $0.35
Thursday, 2 Feb 2017 04:10pm EST 

Span-America Medical Systems Inc : Span-America reports first quarter fiscal 2017 results . Q1 earnings per share $0.35 . Q1 sales fell 29 percent to $15.2 million . Span-America Medical Systems Inc- "our outlook for fiscal 2017 remains positive" . Span-America Medical Systems Inc- "we expect medical sales to continue to show solid growth during remainder of fiscal 2017" .Span-America Medical Systems Inc- for second half of fiscal 2017, expect consumer sales comparisons to improve compared with first half of fiscal 2017.  Full Article

Span-America names Linda Norman vice-chair of the board
Tuesday, 15 Nov 2016 07:38am EST 

Span-America Medical Systems Inc : Span-America Medical Systems Inc says board expects that Norman will become chairwoman of board in 2018 following Henrion's retirement .Span-America names Linda D. Norman vice-chair of the board of directors.  Full Article

Span-America Medical Q3 earnings per share $0.34
Thursday, 4 Aug 2016 04:10pm EDT 

Span-america Medical Systems Inc : Q3 earnings per share $0.34 . America reports third quarter fiscal 2016 results . Q3 sales fell 3 percent to $15.3 million . Expect total sales and earnings in q4 of fiscal 2016 to be similar to those of q4 of fiscal 2015 .Consumer sales are expected to be lower in q4 of fiscal 2016 compared with last year's q4.  Full Article

Span-America Awarded USD $1.9 Million Contract by City of Toronto's Long Term Care Homes and Services Division
Thursday, 31 Mar 2016 11:00am EDT 

Span-America Medical Systems, Inc:Says that it has been awarded a supply contract by the City of Toronto to provide medical bed frames, therapeutic support surfaces and related services to the City's Long Term Care Homes and Services Division.The initial one-year contract has an estimated value of approximately USD $1.9 million (CAD $2.5 million) and has four one-year renewal options valued at an additional USD $8.4 million (CAD $11.0 million) over the remaining four years.  Full Article

Span-America Medical Systems Inc declares quarterly cash dividend
Friday, 20 Nov 2015 07:00am EST 

Span-America Medical Systems Inc:Board of Directors declared a quarterly cash dividend of $0.16 per share.Payable on December 15 to shareholders of record date as on November 30.  Full Article

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BRIEF-Span-America reports Q2 earnings per share $0.62

* Q2 sales rose 3 percent to $15.2 million Source text for Eikon: Further company coverage: