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Cameco Corp. reported a fourth-quarter profit compared with a loss a year earlier as its revenue rose more than 60 per cent.

The uranium miner says it earned $80 million or 18 cents per diluted share in the quarter ended Dec. 31, compared with a loss of $15 million or four cents per diluted share in the last three months of 2022.

Revenue for the quarter totalled $844 million, up from $524 million a year earlier.

On an adjusted basis, Cameco says it earned a fourth-quarter profit of 21 cents per share compared with an adjusted profit of nine cents per share in the final quarter of 2022.

In its outlook for 2024, Cameco says it expects revenue of $2.85 billion to $3 billion and capital expenditures of $215 million to $250 million for the year.

Production for 2024 is expected to total 22.4 million pounds of uranium.

This report by The Canadian Press was first published Feb. 8, 2024.

Thomson Reuters Corp. raised its dividend by 10 per cent as it reported its fourth-quarter profit more than tripled compared with a year earlier and its revenue also climbed higher.

The company says it will now pay a quarterly dividend of 54 cents US, up from 49 cents US per share.

The increased payment to shareholders came as the company, which keeps its books in U.S. dollars, says it earned US$678 million or $1.49 per diluted share for the quarter ended Dec. 31, up from US$218 million or 45 cents US per diluted share in the last three months of 2022.

On an adjusted basis, which excludes the changes in value of the company’s London Stock Exchange Group investment and the related foreign exchange contracts as well as other adjustments, Thomson Reuters says it earned 98 cents per share, up from an adjusted profit of 75 cents per share a year earlier.

Revenue for the quarter totalled $1.82 billion, up from $1.77 billion a year earlier.

In its outlook for 2024, Thomson Reuters says it expects revenue growth of about 6.5 per cent for the year compared with three per cent growth in 2023.

This report by The Canadian Press was first published Feb. 8, 2024.

 Saputo Inc. says it earned $156 million in its second quarter, up from $145 million a year earlier.

The Montreal-based company says revenues for the quarter ended Sept. 30 were $4.3 billion, down from 4.5 billion during the same quarter last year.

Earnings per diluted share were 37 cents, up from 35 cents a year earlier.

Saputo says overall sales volumes were stable in its second quarter despite continued softening of global demand for dairy products, with higher domestic sales volumes more than offsetting lower volumes on the export side.

The company says during the rest of the financial year it expects to benefit from the carryover impact of price increases as well as other initiatives.

It also expects near-term inflation on its overall input costs to moderate, but remain elevated.

This report by The Canadian Press was first published Nov. 9, 2023.

Telus Corp. reported fourth-quarter net income attributable to common shares of $288 million, up from $248 million a year earlier.

The company says the profit amounted to 20 cents per share for the quarter ended Dec. 31, up from 17 cents per share in the last three months of 2022.

Operating revenue and other income totalled $5.20 billion, up from $5.06 billion in the same quarter a year earlier.

On an adjusted basis, Telus says it earned 24 cents per share for its fourth quarter, the same as its fourth quarter of 2022.

In the fourth quarter, Telus says it saw 404,000 net customer additions, including 126,000 mobile phones and 203,000 connected devices as well as 36,000 internet, 23,000 TV and 23,000 security customer connections.

Telus says residential voice connections were down by 7,000 in the quarter.

This report by The Canadian Press was first published Feb. 9, 2024.

Magna International Inc. raised its dividend as it reported its fourth-quarter profit and sales rose compared with a year ago.

The auto parts maker, which keeps its books in U.S. dollars, says it will pay a quarterly dividend of 47.5 cents US per share, up from 46 cents US per share.

The increased payment to shareholders came as the company reported net income attributable to Magna of US$271 million or 94 cents US per diluted share for the quarter ended Dec. 31, up from US$95 million or 33 cents US per diluted share a year earlier.

Sales for the quarter totalled US$10.45 billion, up from US$9.57 billion in the last three months of 2022.

On an adjusted basis, Magna says it earned US$1.33 per diluted share in its fourth quarter, up from an adjusted profit of 94 cents US per diluted share a year earlier.

In its outlook for 2024, the company says it expects total sales for the year between US$43.8 billion to US$45.4 billion and adjusted net income attributable to the company between US$1.6 billion and US$1.8 billion.

This report by The Canadian Press was first published Feb. 9, 2024.

Fortis Inc. (FTS) on Friday reported fourth-quarter net income of $279.9 million.

On a per-share basis, the St. john`S, Newfoundland-based company said it had profit of 58 cents. Earnings, adjusted for non-recurring gains, were 53 cents per share.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 53 cents per share.

The electric and gas utility posted revenue of $2.12 billion in the period.

For the year, the company reported profit of $1.12 billion, or $2.29 per share. Revenue was reported as $8.53 billion.

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Enbridge Inc. reported a profit of $1.73 billion in its fourth quarter compared with loss a year earlier when it took a large non-cash goodwill impairment charge.

The company says the profit amounted to 81 cents per share for the quarter ended Dec. 31.

The result compared with a loss of $1.07 billion or 53 cents per share in the last three months of 2022 when the company took at $2.5-billion charge relate to its gas transmission business.

On an adjusted basis, Enbridge says it earned 64 cents per share in its latest quarter compared with an adjusted profit of 63 cents per share a year earlier.

The company said last month it was cutting its workforce by 650 positions due to what it called “increasingly challenging business conditions.” Enbridge CEO Greg Ebel said while geopolitical instability, persistent inflation

Sun Life Financial Inc. says it earned $749 million in the last quarter of 2023, down from $1.2 billion during the same quarter a year earlier.

The insurance company says diluted earnings per share in its fourth quarter were $1.28, down from $1.98 a year ago.

The company says its lower net income was driven by unfavourable market-related impacts from interest rates and real estate, among other factors.

Sun Life says underlying net income for the quarter was $983 million, up from $892 million in the fourth quarter of 2022.

The insurer restated its 2022 results after adopting new international reporting standards.

This report by The Canadian Press was first published Feb. 7, 2024.

Precision Drilling Corp. says it earned $146.7 million in its latest quarter, up from a profit of $3.5 million a year earlier, as its revenue edged lower.

The company says the profit amounted to $9.81 per diluted share for the quarter ended Dec. 31, up from 27 cents per diluted share in the last three months of 2022.

Revenue for the company’s fourth quarter totalled $506.9 million, down from $510.5 million a year earlier.

Precision Drilling says its adjusted earnings before interest, taxes, depreciation and amortization was $151.2 million in its latest quarter, up from $91.1 million a year earlier.

The company’s drilling rig utilization days in Canada for the quarter were down 2.5 per cent compared with a year ago, while its U.S. operations saw a 24.5 per cent drop. International drilling rig utilization days were up 25.5 per cent compared with last year.

Precision Drilling says its service rig operating hours for the quarter were up 14.8 per cent from a year ago

This report by The Canadian Press was first published Feb. 6, 2024.