Cematrix ( (TSE:CEMX) ) has issued an announcement.
CEMATRIX Corporation reported a decrease in first-quarter revenues to $6.6 million from $8.4 million the previous year, aligning with expectations. Despite the revenue drop, the company maintains a strong financial position, having paid off long-term debt and secured new contracts worth $20.9 million. The firm anticipates a busy second quarter and remains on track for a record year, emphasizing its robust balance sheet and strategic focus on equipment maintenance and new business acquisition.
More about Cematrix
CEMATRIX is a specialty construction contractor that produces cellular concrete solutions on site. It is a leading manufacturer and supplier of cellular concrete in North America, offering innovative solutions for geotechnical construction challenges. The company operates through its subsidiaries, CEMATRIX (Canada) Inc., MixOnSite USA Inc., and Pacific International Grout Company.
Average Trading Volume: 203,903
Technical Sentiment Signal: Sell
Current Market Cap: C$35.36M
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