TORONTO, March 06, 2019 (GLOBE NEWSWIRE) — Mr. Steve Orr, Chief Executive Officer of Shawcor Ltd. (TSX: SCL) remarked “Fourth quarter revenue and Adjusted EBITDA1 were in line with expectations given the typical seasonal slowdown in several of our businesses and the negative impact of lower activity and investments being made in our pipe coating business. Our annual 2018 results demonstrated the Company’s ability to deliver positive results from our diversified portfolio despite not having any contribution from a large pipe coating project and are aligned with expectations we communicated one year ago.”… Continue Reading

TORONTO, Feb. 21, 2019 (GLOBE NEWSWIRE) — Shawcor Ltd. (TSX: SCL) announced today that it expects to report its financial results for the period ended December 31st, 2018 on Wednesday, March 6, 2019, after the close of trading on the TSX.… Continue Reading

TORONTO, Jan. 20, 2019 (GLOBE NEWSWIRE) — Shawcor Ltd. (TSX: SCL) announced today that it has entered into an arrangement agreement (the “Arrangement Agreement”) to acquire all of the issued and outstanding shares of ZCL Composites Inc. (“ZCL”) (TSX: ZCL).… Continue Reading

TORONTO, Jan. 20, 2019 (GLOBE NEWSWIRE) — Shawcor Ltd. (“Shawcor” or the “Company”) (TSX: SCL) announced today that it has entered into an arrangement agreement (the “Arrangement Agreement”) to acquire all of the issued and outstanding shares of ZCL Composites Inc. (“ZCL”) (TSX: ZCL) for $10.00 per share in cash by way of a statutory plan of arrangement (the “Arrangement”).  The price per share implies an aggregate fully diluted equity value for ZCL of approximately $308 million.  ZCL is North America’s largest manufacturer and supplier of environmentally friendly fibreglass reinforced plastic (“FRP”) underground storage tanks. ZCL has two plants in … Continue Reading

TORONTO, Nov. 06, 2018 (GLOBE NEWSWIRE) — Mr. Steve Orr, Chief Executive Officer of Shawcor Ltd. (TSX: SCL) remarked “Third quarter revenue and Adjusted EBITDA2 were in line with what we delivered in the first and second quarter of 2018 despite unexpected negative supply chain and regulatory environment influences. The solid EBITDA2 performance was supported by our expanded portfolio that continued to offset the negative impact of lower activity and the investments being made in our late cycle international pipe coating reliant businesses.”… Continue Reading

TORONTO, Oct. 25, 2018 (GLOBE NEWSWIRE) — Shawcor Ltd. (TSX: SCL) announced today that it expects to report its financial results for the period ended September 30th, 2018 on Tuesday, November 6th, 2018 after the close of trading on the TSX.… Continue Reading

TORONTO, Oct. 04, 2018 (GLOBE NEWSWIRE) — Shawcor Ltd. (TSX: SCL) today announced that its pipe coating division has been assigned work from Saipem valued at approximately C$110 million to provide thermal insulation and anticorrosion coating services for the Liza I and II deepwater development projects located offshore Guyana.… Continue Reading

TORONTO, Aug. 09, 2018 (GLOBE NEWSWIRE) — Mr. Steve Orr, Chief Executive Officer of Shawcor Ltd. (TSX:SCL), remarked, “Second quarter revenue and Adjusted EBITDA1 were as expected and in line with what we delivered in the first quarter of 2018. The solid EBITDA1 performance was supported by our expanded portfolio that more than offset the negative impact of lower activity in late cycle international pipe coating projects.”… Continue Reading

TORONTO, July 27, 2018 (GLOBE NEWSWIRE) — Shawcor Ltd. (TSX: SCL) announced today that it expects to report its financial results for the period ended June 30th, 2018 on Thursday, August 9th, 2018 after the close of trading on the TSX.… Continue Reading

TORONTO, May 10, 2018 (GLOBE NEWSWIRE) — Shawcor Ltd.  (TSX:SCL) announced today, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual and Special Meeting held May 8, 2018 in Toronto, Ontario.… Continue Reading

TORONTO, May 08, 2018 (GLOBE NEWSWIRE) — Mr. Steve Orr, Chief Executive Officer of Shawcor Ltd. (TSX:SCL) remarked “First quarter revenue and Adjusted EBITDA1 were in line with expectations given the absence of a large pipe coating project to replace the Sur de Texas – Tuxpan work that was largely completed in the fourth quarter of 2017.  The solid EBITDA1 performance of this quarter demonstrates the continued demand for our products and services and the strength of our expanded portfolio.”… Continue Reading