CALGARY, Feb. 26, 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 March 30, 2020 to shareholders of record at the close of business on March 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, which … Continue Reading

CALGARY, Feb. 26, 2020 /CNW/ – Pason Systems Inc. (TSX: PSI) announced today its 2019 fourth quarter results.

Performance Data

Three Months Ended December 31,

Year Ended December 31,

2019

2018

Change

2019

2018

Change

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

($)

($)

(%)

($)

($)

(%)

Revenue

68,410

81,965

(17)

295,642

306,393

(4)

EBITDA (1,2)

25,555

38,418

(33)

124,763

138,335

(10)

Adjusted EBITDA (1.2)

26,615

39,415

(32)

129,644

146,004

(11)

As a % of revenue

38.9

48.1

(920) bps

43.9

47.7

(380) bps

Funds flow from operations

22,126

30,711

(28)

111,718

128,544

(13)

Per share … Continue Reading

CALGARY, Jan. 15, 2020 /CNW/ – Pason Systems Inc. (TSX: PSI) intends to release its 2019 fourth quarter and year-end results after the markets close on Wednesday, February 26, 2020.

Pason will be conducting a conference call for interested analysts, brokers, investors, and media representatives to review its 2019 fourth quarter and year-end results at 9:00 am (Calgary time) on Thursday, February 27, 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 5494458.

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

CALGARY, Dec. 11, 2019 /CNW/ – Pason Systems Inc. (TSX: PSI) announced that the Toronto Stock Exchange (“TSX”) has accepted Pason’s Notice of Intention to commence a normal course issuer bid (the “2020 NCIB”). The 2020 NCIB effectively renews the existing NCIB, which started on December 18, 2018 and is scheduled to end on December 17, 2019 (“2019 NCIB”).  The 2020 NCIB will commence on December 18, 2019 and will terminate on December 17, 2020 or such earlier time as the 2020 NCIB is completed or terminated at the option of Pason.

Under the 2019 NCIB, Pason had received … Continue Reading

CALGARY, Nov. 6, 2019 /CNW/ – Pason Systems Inc. (TSX: PSI) announced today that the Board of Directors (with Mr. Jim Hill, the significant shareholder through J.D Hill Investments Ltd., abstaining from voting) declared a quarterly dividend of nineteen cents (C$0.19) per share on the company’s common shares. The dividend will be paid on December 30, 2019 to shareholders of record at the close of business on December 16, 2019.

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. … Continue Reading

CALGARY, Nov. 6, 2019 /CNW/ – Pason Systems Inc. (TSX:PSI) announced today its 2019 third quarter results.

Performance Data

Three Months Ended September 30,

Nine Months Ended September 30,

2019

2018

Change

2019

2018

Change

(CDN 000s, except per share data)

($)

($)

(%)

($)

($)

(%)

Revenue

72,195

82,344

(12)

227,232

224,428

1

EBITDA (1)

33,167

44,633

(26)

99,208

100,467

(1)

Adjusted EBITDA (1)

31,557

42,473

(26)

102,873

106,684

(4)

As a % of revenue

43.7

51.6

(790) bps

45.3

47.5

(220) bps

Funds flow from operations

29,899

36,039

(17)

89,592

97,833

(8)

Per share – basic

0.35… Continue Reading

CALGARY, Oct. 8, 2019 /CNW/ – Pason Systems Inc. (TSX: PSI) intends to release its 2019 third quarter results after the markets close on Wednesday, November 6, 2019.

Pason will be conducting a conference call for interested analysts, brokers, investors, and media representatives to review its 2019 third quarter results at 9:00 am (Calgary time) on Thursday, November 7, 2019. 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 5875214.

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

CALGARY, Oct. 2, 2019 /CNW/ – Pason Systems Inc. (“Pason”) (TSX:PSI) is pleased to announce that it has entered into an agreement to invest C$25 million to acquire a minority interest in Intelligent Wellhead Systems Inc. (“IWS”).  IWS is a privately-owned oil and gas technology and service company that provides proprietary and unique surface control systems for various markets globally, including unconventional shale, subsea intervention, critical well intervention, and offshore operations.  “Our investment in IWS represents the first truly compelling opportunity we have seen in the completions space.  Building on Pason’s deep expertise in end-to-end data management and ruggedized … Continue Reading

CALGARY, Sept. 10, 2019 /CNW/ – Pason Systems Inc. (“Pason”) (TSX:PSI) is pleased to announce that it has made a US$20 million investment to acquire the majority interest in a US-based software company (the “Company”) that provides products and services for the solar power and energy storage industry.  The Company will be combined with Pason Power to provide a robust and compelling software and control system offering, enabling solar and energy storage developers to secure more projects and deploy assets for their customers with higher confidence.

“Over the last two years, Pason Power has been building a foundation in … Continue Reading

CALGARY, Aug. 8, 2019 /CNW/ – Pason Systems Inc. (TSX: PSI) announced today that the Board of Directors (with Mr. Jim Hill, the significant shareholder through J.D Hill Investments Ltd., abstaining from voting) declared a quarterly dividend of nineteen cents (C$0.19) per share on the company’s common shares. The dividend will be paid on September 27, 2019 to shareholders of record at the close of business on September 13, 2019.

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. … Continue Reading

CALGARY, Aug. 8, 2019 /CNW/ – Pason Systems Inc. (TSX:PSI) announced today its 2019 second quarter results.

Performance Data

Three Months Ended June 30,

Six Months Ended June 30,

2019

2018

Change

2019

2018

Change

(CDN 000s, except per share data)

($)

($)

(%)

($)

($)

(%)

Revenue

72,894

68,271

7

155,037

142,084

9

EBITDA (1)

25,606

23,614

8

66,041

55,834

18

Adjusted EBITDA (1)

30,675

29,458

4

71,316

64,211

11

As a % of revenue

42.1

43.1

(100)bps

46.0

45.2

80bps

Funds flow from operations

23,794

27,836

(15)

59,693

61,794

(3)

Per share – basic

0.28

0.33

(15)… Continue Reading

CALGARY, Aug. 8, 2019 /CNW/ – Pason Systems Inc. (TSX: PSI) is pleased to announce the appointment of Laura Schwinn to its board of directors, effective today. Laura Schwinn is currently the President of W. R. Grace & Co.’s $700 million Specialty Catalysts business, one of Grace’s three global operating segments. Grace is a publicly-traded leading global supplier of catalysts and engineered materials. The company’s two industry-leading business segments (Catalysts Technologies and Materials Technologies) provide innovative products, technologies, and services that enhance the products and processes of its customers around the world.  (NYSE:GRA).  Prior to this, from 2014-2017, Ms … Continue Reading