now will they also be able to take care of lawsuit against them, or has that gotten resolved already?? good to see turnaround coming along.....ps. volume was a tell. cheers, dave.
Armtec Confirms the Achievement of the Brookfield Covenants and Estimates Strong Second Quarter 2012 Results Press Release: Armtec Infrastructure Inc. – 8 hours ago
GUELPH, ONTARIO--(Marketwire - July 17, 2012) - Armtec Infrastructure Inc. ("Armtec" or the "Company") (ARF.TO)(ARF-DB.TO) today announced that it has achieved the Brookfield Covenants including the Senior Debt to EBITDA covenant as at June 30, 2012. Armtec confirms it has achieved a ratio of less than 5 times Senior Debt to EBITDA for the twelve months ending June 30, 2012, as is required under the Brookfield Facility. The Company also estimates that second quarter reported EBITDA will be approximately $18.0 million with corresponding net earnings of approximately $1.5 million as compared to an EBITDA of $3.4 million and a net loss of $135.7 million in the second quarter of 2011.
Armtec will release its second quarter 2012 results on August 8, 2012.
Armtec will hold a conference call and live audio webcast on August 9, 2012 at 10:00 a.m. (ET) to discuss Armtec's second quarter 2012 results.
A news release announcing Armtec's second quarter 2012 results will be issued prior to the call.
The call will be hosted by Mark Anderson, President and Chief Executive Officer and Malcolm Buxton-Forman, Chief Financial Officer. Following management's presentation, there will be a question and answer session for analysts and institutional investors.