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Enercare Inc (ECI.TO)

ECI.TO on Toronto Stock Exchange

20.01CAD
22 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Enercare reports Q3 basic earnings per share $0.19
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Enercare Inc :Enercare reports strong third quarter results, EBITDA increases by 4%.Q3 revenue rose 3 percent to c$326 million.Enercare Inc qtrly ‍ basic earnings per share $0.19​.Enercare - ‍cost synergies higher than initially forecasted, now 8 to 11 cents per share on annualized basis by end of 2017​.Enercare Inc - ‍consistent with previous guidance, Enercare is targeting a range of between $167 million and $192 million in capital investments in 2017​.  Full Article

Enercare, Enercare Solutions announce offering by Enercare Solutions of $500 mln of senior unsecured notes
Wednesday, 15 Feb 2017 

Enercare Inc : Enercare and Enercare Solutions announce offering by Enercare Solutions of $500 million of senior unsecured notes . Enercare - proceeds of offering will be used by enercare solutions to redeem all outstanding 4.30 pct series 2012-1 senior unsecured notes due November 30, 2017 . Enercare Inc - offering consisting of $275 million of 3.38 pct series 2017-1 senior unsecured notes due February 21, 2022 .Enercare Inc - offering consisting of $225 million of 3.99 pct series 2017-2 senior unsecured notes due February 21, 2024.  Full Article

Enercare reports qtrly basic EPS $0.17
Monday, 8 Aug 2016 

Enercare Inc : Acquisition of service experts drives 81% increase in revenue and 22% increase in acquisition adjusted ebitda . Qtrly basic EPS $0.17 .Q2 earnings per share view c$0.13 -- Thomson Reuters I/B/E/S.  Full Article

Enercare announces renewal of its normal course issuer bid
Friday, 15 Jul 2016 

Enercare Inc : Received approval from Toronto Stock Exchange for renewal of its normal course issuer bid . Enercare inc says purchases may commence on July 20, 2016, and will terminate on July 19, 2017 . May purchase for cancellation up to 10.3 million of its common shares .Purchase represents approximately 10 percent of its public float of issued and outstanding common shares as of July 4, 2016.  Full Article

Enercare announces termination of its nomination agreement with Direct Energy
Friday, 27 May 2016 

Enercare Inc : Enercare announces termination of its nomination agreement with Direct Energy . Received notice from Direct Energy Marketing Ltd that Direct Energy has sold remainder of Enercare's common shares . As result of sale, nomination agreement between Enercare and Direct Energy entered into in connection with OHS acquisition has terminated .Enercare inc says Scott Boose, who was nominated to Enercare board by Direct Energy, resigned from Board of Directors effective May 26, 2016.  Full Article

EnerCare Q1 total revenue C$142.6 million
Friday, 13 May 2016 

EnerCare Inc : Qtrly basic earnings per share $0.09 . Increasing annualized dividend per common share by $0.84 to $0.924 . Qtrly total revenue C$142.6 million versus C$141.8 million . Increasing annualized dividend per common share by $0.84 to $0.924 .EnerCare reports first quarter 2016 results and increases dividend by 10%.  Full Article

American Capital portfolio company merges with Enercare unit
Wednesday, 11 May 2016 

American Capital Ltd : Portfolio company Sehac Holdings Corporation has merged with a subsidiary of Enercare Solutions Inc., unit of Enercare Inc . Total cash consideration is $340.75 million .Received $244 million in proceeds and realized a capital gain of $225 million from transaction.  Full Article

Enercare gets regulatory clearances for acquisition of Service Experts
Tuesday, 10 May 2016 

Enercare Inc : Enercare receives regulatory clearances for acquisition of service experts .Says anticipates that closing of acquisition will occur on or about may 11, 2016.  Full Article

Enercare signs agreement to acquire Service Experts in a deal valued at $340.8 mln
Monday, 7 Mar 2016 

EnerCare Inc:Signs agreement to acquire service experts - a leading North American provider of hvac services and announces $218 million bought deal offering.Says deal for $340.8 million and estimated to be 25% accretive to normalized pro forma distributable cash per common share in 2016.Says entered into an agreement with a syndicate of underwriters to issue, on a bought deal basis, about $218 million of subscription receipts.Says lenders to give debt financing to co's unit in form of unsecured 4-year variable rate term credit facility of US$200 million.Says lenders have also provided a fully committed bridge facility in the amount of US$140.75 million should the offering not close.  Full Article

Enercare Inc announces monthly dividend
Friday, 18 Dec 2015 

Enercare Inc:Announced a cash dividend of $0.07 per common share for the month of December 2015.Dividend will be payable on January 29, 2016 to shareholders of record at the close of business on December 31, 2015.  Full Article

BRIEF-Enercare reports Q3 basic earnings per share $0.19

* Enercare reports strong third quarter results, EBITDA increases by 4%