KELOWNA, BC, May 6, 2025 /CNW/ - Decisive Dividend Corporation (TSXV: DE) (the "Company" or "Decisive") today reported its financial results for the three months ended March 31, 2025.
Highlights of the Company's financial performance in Q1 2025 include the following:
Decisive and its diversified portfolio of manufacturing businesses delivered strong operating results in Q1 2025, which was the strongest first quarter in the Company's history.Consolidated sales increased 34% to $39.2 million in Q1 2025, the highest revenue quarter in Decisive's history, compared to $29.4 million in Q1 2024, with the sales increase balanced throughout the portfolio.Decisive generated $7.0 million in Adjusted EBITDA* in Q1 2025, an increase of 76% relative to Q1 2024, representing 94% of the Adjusted EBITDA* generated in both Q1 2024 and Q2 2024 combined.Decisive generated $3.6 million in Free Cash Flow less Maintenance Capital* in Q1 2025, an increase of 128% relative to Q1 2024, representing 128% of the Free Cash Flow less Maintenance Capital* generated in both Q1 2024 and Q2 2024 combined. This dramatic improvement drove the trailing twelve-month dividend payout ratio down to 82% in Q1 2025, from 96% in Q4 2024.To the date of this press release, year-to-date 2025 consolidated order levels have outpaced the same periods in both 2023 and 2024, while being based on more balanced contributions from across the Group. Consolidated sales have also outpaced 2024, although they remain behind consolidated sales for the same period in 2023.The higher year-to-date order levels resulted in the Group exiting Q1 2025 with 60% higher backlogs than it had at the end of Q1 2024.There remains significant uncertainty surrounding United States trade policies and what impact those policies may have on the overall economy. Decisive is currently somewhat insulated from the direct impact of tariffs as substantially all products manufactured by the Group and sold into the United States are compliant with the Canada-United States-Mexico Agreement. Additionally, Q2 2025 order levels, to the date of this press release, continue to outpace Q2 2024 and Q2 2023 order levels.Expected continued operational improvement in Q2 2025, relative to Q2 2024, should continue to reduce the payout ratio through the next quarter.KELOWNA, BC, April 23, 2025 /CNW/ - Decisive Dividend Corporation (TSXV: DE) (the "Corporation" or "Decisive") announced today that effective June 2, 2025, Chris Goodchild has been appointed Chief Operating Officer of the Corporation.
Chris Goodchild is a senior executive with significant experience in manufacturing, having worked in various roles across the globe in his 20-year career at Magna International. Chris most recently served as General Manager of Magna's Autosystems division in Belleville, Ontario. During his time with Magna, his ever-growing roles and responsibilities provided him with a strong background in business development, facilities management, finance, human resources, logistics, maintenance, material planning, operational excellence, purchasing, and quality.
KELOWNA, BC, April 15, 2025 /CNW/ - Decisive Dividend Corporation (TSXV: DE) (the "Corporation") announced today that, in accordance with its current monthly dividend policy, the directors of the Corporation have declared a dividend of $0.045 per common share for the month of May 2025. The dividend is payable on May 15, 2025, to the shareholders of record at the close of business April 30, 2025.
KELOWNA, BC, March 18, 2025 /CNW/ - Decisive Dividend Corporation (TSXV: DE) (the "Company" or "Decisive") today reported its financial results for the fourth quarter and year ended December 31, 2024.
Recent Operating Highlights
Decisive and its diversified portfolio of manufacturing businesses undertook numerous initiatives throughout the last year that resulted in the strongest quarter of the year in Q4 2024, marking the strongest fourth quarter in the Company's history.Consolidated sales increased 5% to $37.6 million in Q4 2024 compared to $35.7 million in Q4 2023.Decisive generated $7.3 million in Adjusted EBITDA* in Q4 2024, an increase of 2% relative to Q4 2023.Consolidated sales in Q4 2024 were 17% higher than in Q3 2024, 31% higher than in Q2 2024, and 28% higher than in Q1 2024.Overall Adjusted EBITDA* in Q4 2024 was 30% higher than in Q3 2024, 113% higher than in Q2 2024 and 84% higher than in Q1 2024.To the date of this press release, 2025 consolidated order levels have outpaced the same periods in both 2023 and 2024, with consolidated sales outpacing 2024 and approaching 2023 levels in those same periods while being based on more balanced contributions from across the Group.The hearth industry businesses are performing in line with 2024 from an orders and sales perspective, while improved performance across the other businesses has driven the overall comparison to 2023. There are also several new products that will be introduced across the portfolio this year that should further support improved performance in 2025 and beyond.The steps Decisive and subsidiary management took to work through the challenges faced in 2024, including continued product and customer development, and the investments in growth capital expenditures through the last year have better positioned each of Decisive's businesses to deliver long term organic growth.KELOWNA, BC, March 14, 2025 /CNW/ - Decisive Dividend Corporation (TSXV: DE) (the "Corporation") announced today that, in accordance with its current monthly dividend policy, the directors of the Corporation have declared a dividend of $0.045 per common share for the month of April 2025. The dividend is payable on April 15, 2025, to the shareholders of record at the close of business March 31, 2025.
KELOWNA, BC, March 6, 2025 /CNW/ - Decisive Dividend Corporation (TSXV: DE) (the "Corporation" or "Decisive") today provided an update on recent operational activities as follows:
As messaged in the Corporation's Q3 2024 earnings release, Q4 2024 operating performance will be sequentially stronger than Q3 2024. In fact, with improved performance across Decisive's diversified portfolio of manufacturing businesses, Q4 2024 operating performance will also be slightly stronger than the comparative quarter of Q4 2023, which was previously Decisive's strongest Q4 performance to date.This operational momentum is expected to continue into Q1 2025 based on overall enhanced order activity and higher backlogs relative to the first two months of 2024, and commencement of work under Northside's new contract with a new commercial vehicle customer in mid-February 2025.The work done to position Decisive and its subsidiaries for improved performance in 2025 has been somewhat overshadowed by the significant uncertainty surrounding U.S. tariffs on Canadian goods. While Decisive and its subsidiaries will be impacted if significant long-term blanket tariffs are imposed on Canadian goods with respect to its U.S. destined sales, which accounted for 48% of 2024 sales, there are factors that should mitigate or insulate certain subsidiaries from the impact of tariffs, and subsidiary management teams have been assessing strategies and exploring numerous alternatives to minimize the impact of tariffs as follows:Certain subsidiaries have contracts with customers that have pricing mechanisms to mitigate the impact of tariffs, and a large percentage of Decisive's overall U.S. destined sales fall into this category.Decisive has a history of managing U.S. tariffs that have been in place for several years now through its Unicast subsidiary and has employed strategies that have considerably lowered the impact of tariffs on Unicast's margins.Blaze King has manufacturing capabilities in the U.S. already and, as part of the expansion plans of various subsidiaries, management has been exploring alternatives for expanding manufacturing and distribution capacity in the U.S. for other portfolio businesses as well.Overall, it will take time for U.S. customers to reposition their supply chains in response to tariffs, if they can even do so. Decisive's subsidiaries produce, in many cases, proprietary, specialized and/or industry leading products using advanced and proven production methods which are not easily replicated without considerable time, effort and investment.If significant long-term blanket tariffs are imposed, the general consensus is that the value of the Canadian dollar could further depreciate relative to the U.S. dollar, which would insulate the impact of tariffs on margins on Decisive's U.S. dollar sales.The Corporation's strong acquisition pipeline continues to grow and Decisive will continue to selectively pursue acquisitions.
KELOWNA, BC, Feb. 14, 2025 /CNW/ - Decisive Dividend Corporation (TSXV: DE) (the "Corporation") announced today that, in accordance with its current monthly dividend policy, the directors of the Corporation have declared a dividend of $0.045 per common share for the month of March 2025. The dividend is payable on March 14, 2025, to the shareholders of record at the close of business February 28, 2025.
KELOWNA, BC, Jan. 15, 2025 /CNW/ - Decisive Dividend Corporation (TSXV: DE) (the "Corporation") announced today that, in accordance with its current monthly dividend policy, the directors of the Corporation have declared a dividend of $0.045 per common share for the month of February 2025. The dividend is payable on February 14, 2025, to the shareholders of record at the close of business January 31, 2025.
KELOWNA, BC, Dec. 13, 2024 /CNW/ - Decisive Dividend Corporation (TSXV: DE) (the "Corporation") announced today that, in accordance with its current monthly dividend policy, the directors of the Corporation have declared a dividend of $0.045 per common share for the month of January 2025. The dividend is payable on January 15, 2025, to the shareholders of record at the close of business December 31, 2024.
KELOWNA, BC, Nov. 15, 2024 /CNW/ - Decisive Dividend Corporation (TSXV: DE) (the "Corporation") announced today that, in accordance with its current monthly dividend policy, the directors of the Corporation have declared a dividend of $0.045 per common share for the month of December 2024. The dividend is payable on December 13, 2024, to the shareholders of record at the close of business November 29, 2024.
KELOWNA, BC, Nov. 5, 2024 /CNW/ - Decisive Dividend Corporation (TSXV: DE) (the "Company" or "Decisive") today reported its financial results for the three and nine months ended September 30, 2024.
Q3 2024 operating performance was sequentially stronger than both Q2 2024 and Q1 2024, driven by several third quarter operational wins, cost control initiatives, and improved performance from Decisive's diversified portfolio of manufacturing businesses, combined with a move into stronger seasonal periods. Consolidated sales in Q3 2024 were 12% higher than in Q2 2024 and 10% higher than in Q1 2024, while overall Adjusted EBITDA* in Q3 2024 was 65% higher than in Q2 2024 and 42% higher than in Q1 2024.
KELOWNA, BC, Oct. 15, 2024 /CNW/ - Decisive Dividend Corporation (TSXV: DE) (the "Corporation") announced today that, in accordance with its current monthly dividend policy, the directors of the Corporation have declared a dividend of $0.045 per common share for the month of November 2024. The dividend is payable on November 15, 2024, to the shareholders of record at the close of business October 31, 2024.
KELOWNA, BC, Oct. 9, 2024 /CNW/ - Decisive Dividend Corporation (TSXV: DE) (the "Corporation" or "Decisive") today provided an update on recent operational activities as follows:
As messaged in the Corporation's Q2 2024 earnings release, Q3 2024 operating performance will be sequentially stronger than both Q1 2024 and Q2 2024, driven by several third quarter operational wins, cost control initiatives, and improved performance from Decisive's diversified portfolio of manufacturing businesses, combined with a move into stronger seasonal periods.Operating performance is expected to continue improving into Q4 2024 based on enhanced order activity across each of the portfolio businesses, including carryover of orders received in Q3 2024 to be fulfilled in the fourth quarter, and commencement of work under Northside's new contract with a new commercial vehicle customer.Further operational wins materializing that will positively impact the first half of 2025 including: significant confirmed orders for Capital I, Hawk, and Unicast on a joint award with an oil and gas customer, confirmed orders for Slimline's larger scale wastewater evaporator, renewed EPA compliance certificates for Blaze King's existing product line up as well as continued progress on regulatory approval of a new product design that utilizes Blaze King's combustion technology styled and sized for sale into the United Kingdom and Europe.The Corporation's strong acquisition pipeline continues to grow and Decisive will continue to selectively pursue acquisitions.
KELOWNA, BC, Sept. 13, 2024 /CNW/ - Decisive Dividend Corporation (TSXV: DE) (the "Corporation") announced today that, in accordance with its current monthly dividend policy, the directors of the Corporation have declared a dividend of $0.045 per common share for the month of October 2024. The dividend is payable on October 15, 2024, to the shareholders of record at the close of business September 30, 2024.
KELOWNA, BC, Aug. 15, 2024 /CNW/ - Decisive Dividend Corporation (TSXV: DE) (the "Corporation") announced today that, in accordance with its current monthly dividend policy, the directors of the Corporation have declared a dividend of $0.045 per common share for the month of September 2024. The dividend is payable on September 13, 2024, to the shareholders of record at the close of business August 30, 2024.
KELOWNA, BC, Aug. 8, 2024 /CNW/ - Decisive Dividend Corporation (TSXV: DE) (the "Company" or "Decisive") today reported its financial results for the three and six months ended June 30, 2024.
Demand for the products produced by certain of Decisive's subsidiaries were challenged in the first half of 2024 due to macroeconomic conditions faced by its subsidiaries, especially in comparison to the strength of the 2023 comparative periods, during which Decisive and its subsidiaries generated record operating performance.
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