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Pason to Release 2020 Fourth Quarter Results on February 24, 2021

January 11, 2021 via NewsWire Tagged With: TSX:PSI

CALGARY, AB, Jan. 11, 2021 /CNW/ – Pason Systems Inc. (TSX: PSI) intends to release its 2020 fourth quarter results after the markets close on Wednesday, February 24th, 2021.

Pason will be conducting a conference call for interested analysts, brokers, investors, and media representatives to review its 2020 fourth quarter results at 9:00 am (Calgary time) on Thursday, February 25th, 2021. The conference call dial-in number is 1-888-231-8191 or 1-647-427-7450. You can access the seven-day replay by dialing 1-855-859-2056 or 1-416-849-0833, using password 9829429.

An archived audio webcast of the conference call will also be available … Continue Reading

Pason Systems Inc. Announces Quarterly Dividend

November 4, 2020 via NewsWire Tagged With: TSX:PSI

CALGARY, AB, Nov. 4, 2020 /CNW/ – Pason Systems Inc. (TSX: PSI) announced today that the Board of Directors declared a quarterly dividend of five cents (C$0.05) per share on the company’s common shares. The dividend will be paid on December 30, 2020 to shareholders of record at the close of business on December 16, 2020.

Pursuant to the Canadian Income Tax Act, dividends paid by the Company to Canadian residents are considered to be “eligible” dividends.

Pason Systems Inc.
Pason Systems Inc. is a leading global provider of specialized data management systems for drilling rigs. Our solutions, … Continue Reading

Pason Reports Third Quarter 2020 Results

November 4, 2020 via NewsWire Tagged With: TSX:PSI

CALGARY, AB, Nov. 4, 2020 /CNW/ – Pason Systems Inc. (TSX: PSI) announced today its 2020 third quarter results.

Performance Data

Three Months Ended September 30,

Nine Months Ended September 30,

2020

2019

Change

2020

2019

Change

(CDN 000s, except per share data) (unaudited)

($)

($)

(%)

($)

($)

(%)

Revenue

23,068

72,195

(68)

123,878

227,232

(45)

EBITDA (1,2)

2,348

33,167

(93)

40,088

99,208

(60)

Adjusted EBITDA (1.2)

(1,118)

31,489

—

31,339

103,029

(70)

As a % of revenue

(4.8)

43.6

—

25.3

45.3

(2,000) bps

Funds flow from operations

4,765

29,899

(84)

31,621

89,592

(65)

Per share – … Continue Reading

Pason Appoints Celine Boston as Chief Financial Officer

October 26, 2020 via NewsWire Tagged With: TSX:PSI

CALGARY, AB, Oct. 26, 2020 /CNW/ – Pason Systems Inc. (TSX: PSI) (“Pason” or “the Company”) is pleased to announce the appointment of Celine Boston as Pason’s Chief Financial Officer (“CFO”) effective November 30, 2020.

Ms. Boston joins Pason from CES Energy Solutions Corp., where she held a series of progressively senior finance roles and was most recently Director of Finance.  Prior to this, Ms. Boston worked at Deloitte, where she obtained her Chartered Accountant designation.   Ms. Boston has a Bachelor of Commerce in Accounting from the University of Manitoba and is a member of the Chartered Professional … Continue Reading

Pason to Release 2020 Third Quarter Results on November 4, 2020

October 1, 2020 via NewsWire Tagged With: TSX:PSI

CALGARY, AB, Oct. 1, 2020 /CNW/ – Pason Systems Inc. (TSX: PSI) intends to release its 2020 third quarter results after the markets close on Wednesday, November 4, 2020.

Pason will be conducting a conference call for interested analysts, brokers, investors, and media representatives to review its 2020 third quarter results at 9:00 am (Calgary time) on Thursday, November 5, 2020. The conference call dial-in number is 1-888-231-8191 or 1-647-427-7450. You can access the seven-day replay by dialing 1-855-859-2056 or 1-416-849-0833, using password 5584292.

An archived audio webcast of the conference call will also be available … Continue Reading

Pason Systems Inc. Announces Quarterly Dividend

August 6, 2020 via NewsWire Tagged With: TSX:PSI

CALGARY, AB, Aug. 6, 2020 /CNW/ – Pason Systems Inc. (TSX: PSI) announced today that the Board of Directors declared a quarterly dividend of five cents (C$0.05) per share on the company’s common shares. The dividend will be paid on September 30, 2020 to shareholders of record at the close of business on September 16, 2020.

Pursuant to the Canadian Income Tax Act, dividends paid by the Company to Canadian residents are considered to be “eligible” dividends.

Pason Systems Inc.
Pason Systems Inc. is a leading global provider of specialized data management systems for drilling rigs. Our solutions, … Continue Reading

Pason Reports Second Quarter 2020 Results

August 6, 2020 via NewsWire Tagged With: TSX:PSI

CALGARY, AB, Aug. 6, 2020 /CNW/ – Pason Systems Inc. (TSX: PSI) announced today its 2020 second quarter results.

Performance Data

Three Months Ended June 30,

Six Months Ended June 30,

2020

2019

Change

2020

2019

Change

(CDN 000s, except per share data)

(unaudited)

($)

($)

(%)

($)

($)

(%)

Revenue

26,848

72,894

(63)

100,810

155,037

(35)

EBITDA (1,2)

4,271

25,606

(83)

37,740

66,041

(43)

Adjusted EBITDA (1.2)

(848)

30,741

—

32,457

71,540

(55)

As a % of revenue

(3.2)

42.2

—

32.2

46.1

(1,390) bps

Funds flow from operations

134

23,794

(99)

26,856

59,693

(55)

Per share – … Continue Reading

Pason Announces Leadership Succession

July 22, 2020 via NewsWire Tagged With: TSX:PSI

  • James D. Hill to retire as Chair of the Board of Directors
  • Marcel Kessler to retire as President and Chief Executive Officer and serve as Chair of the Board of Directors
  • Jon Faber appointed as President and Chief Executive Officer
  • David Elliott appointed as interim Chief Financial Officer
  • CALGARY, AB, July 22, 2020 /CNW/ – Pason Systems Inc. (TSX: PSI) (“Pason” or “the Company”) announced today a number of changes to its senior management team and board of directors, aligned with the Company’s long-term succession plan, to take effect on October 1, 2020.

    James D. Hill will be … Continue Reading

    Pason to Release 2020 Second Quarter Results on August 6, 2020

    July 9, 2020 via NewsWire Tagged With: TSX:PSI

    CALGARY, AB, July 9, 2020 /CNW/ – Pason Systems Inc. (TSX: PSI) intends to release its 2020 second quarter results after the markets close on Thursday, August 6, 2020.

    Pason will be conducting a conference call for interested analysts, brokers, investors, and media representatives to review its 2020 second quarter results at 9:00 am (Calgary time) on Friday, August 7, 2020. The conference call dial-in number is 1-888-231-8191 or 1-647-427-7450. You can access the seven-day replay by dialing 1-855-859-2056 or 1-416-849-0833, using password 1264338.

    An archived audio webcast of the conference call will also be available … Continue Reading

    Pason Systems Inc. Reports Voting Results of Director Elections

    May 1, 2020 via NewsWire Tagged With: TSX:PSI

    CALGARY, May 1, 2020 /CNW/ – Pason Systems Inc. (TSX: PSI) announced today the director election results from its 2020 annual general meeting of shareholders held on April 30, 2020. The following six nominees were elected as directors of Pason Systems Inc. to hold office until the next annual meeting of shareholders of Pason Systems Inc. or until their successors are elected or appointed:

    Nominee

    Votes For

    Percent

    Votes Withheld

    Percent

    James D. Hill

    71,902,860

    94.95%

    3,825,008

    5.05%

    James B. Howe

    74,145,041

    97.91%

    1,582,827

    2.09%

    Marcel Kessler

    75,016,310

    99.06%

    711,558

    0.94%

    T. Jay Collins

    75,559,280

    99.78%

    168,588

    0.22%… Continue Reading

    Pason Systems Inc. Announces Quarterly Dividend

    April 30, 2020 via NewsWire Tagged With: TSX:PSI

    CALGARY, April 30, 2020 /CNW/ – Pason Systems Inc. (TSX: PSI) announced today that the Board of Directors declared a quarterly dividend of nineteen cents (C$0.19) per share on the company’s common shares. The dividend will be paid on June 29, 2020 to shareholders of record at the close of business on June 15, 2020.

    In light of the uncertainties related to COVID-19 and the significant negative impact that a weakened commodity price environment have on the outlook for industry activity, the Board of Directors intends to reduce the next quarterly dividend, expected to be declared following the … Continue Reading

    Pason Reports First Quarter 2020 Results

    April 30, 2020 via NewsWire Tagged With: TSX:PSI

    CALGARY, April 30, 2020 /CNW/ – Pason Systems Inc. (TSX:PSI) announced today its 2020 first quarter results.

    Performance Data

    Three Months Ended March 31,

    2020

    2019

    Change

    (CDN 000s, except per share data) (unaudited)

    ($)

    ($)

    (%)

    Revenue

    73,962

    82,143

    (10)

    EBITDA (1,2)

    33,469

    40,435

    (17)

    Adjusted EBITDA (1.2)

    33,305

    40,799

    (18)

    As a % of revenue

    45.0

    49.7

    (470) bps

    Funds flow from operations

    26,722

    35,899

    (26)

    Per share – basic

    0.32

    0.42

    (24)

    Per share – diluted

    0.32

    0.42

    (24)

    Cash from operating activities

    25,593

    8,442

    203

    Capital expenditures

    3,088

    10,317

    (70)

    Free cash flow (1)

    22,935… Continue Reading

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