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

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

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

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

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

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

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

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

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

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

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

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