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ECN Capital Corp (ECN.TO)

ECN.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

ECN Capital Reports Q1 Adjusted Earnings Per Share $0.05
Wednesday, 8 May 2019 

May 8 (Reuters) - ECN Capital Corp ::ECN CAPITAL REPORTS US$0.05 IN ADJUSTED EARNINGS PER COMMON SHARE IN Q1-2019.Q1 ADJUSTED EARNINGS PER SHARE $0.05.ORIGINATIONS FOR THREE-MONTH PERIOD ENDING MARCH 31, 2019 WERE $419.2 MILLION VERSUS $463.1 MILLION IN PREVIOUS THREE-MONTH PERIOD.TOTAL EARNING ASSETS MANAGED AND ADVISED AS AT MARCH 31, 2019 WERE $31.9 BILLION, VERSUS $31.1 BILLION IN PREVIOUS THREE-MONTH PERIOD.STEVEN HUDSON, CEO, HAS AGREED TO EXTEND HIS EMPLOYMENT CONTRACT TO 2023.RETIREMENT OF JIM NIKOPOULOS AS PRESIDENT EFFECTIVE TODAY, MAY 8, 2019.RAISING RANGE OF EXPECTED EPS IN 2019 FROM $0.23 - $0.25 TO $0.25 - $0.28.  Full Article

ECN Capital Announces Annual Meeting Voting Results And CFO Transition
Tuesday, 26 Mar 2019 

March 26 (Reuters) - ECN Capital Corp ::ECN CAPITAL ANNOUNCES ANNUAL MEETING VOTING RESULTS AND CFO TRANSITION.ECN CAPITAL CORP - ANNOUNCED APPOINTMENT AND PROMOTION OF MICHAEL LEPORE, SVP, CONTROLLER, TO POSITION OF CFO.ECN CAPITAL CORP - ANNOUNCED RETIREMENT OF GRIER COLTER AS CHIEF FINANCIAL OFFICER.  Full Article

ECN Capital Reports Quarterly Results
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - ECN Capital Corp ::ECN CAPITAL REPORTS US$0.05 IN ADJUSTED EARNINGS PER COMMON SHARE IN Q4-2018 AND DECLARES AN INCREASED COMMON SHARE DIVIDEND.ECN CAPITAL CORP - BOOK VALUE PER COMMON SHARE AS AT DECEMBER 31, 2018 WAS $3.14 VERSUS $3.47 AS AT END OF PREVIOUS THREE-MONTH PERIOD.  Full Article

Ecn Capital Q3 Adjusted Basic Earnings Per Share $0.07
Monday, 12 Nov 2018 

Ecn Capital Corp ::ECN CAPITAL REPORTS US$0.07 IN ADJUSTED EARNINGS PER COMMON SHARE IN Q3-2018.Q3 ADJUSTED BASIC EARNINGS PER SHARE $0.07.ECN CAPITAL- BOOK VALUE PER COMMON SHARE AS AT SEPTEMBER 30, 2018 WAS $3.47 VERSUS $3.62 FOR SAME PERIOD LAST YEAR.ENTERED INTO A DEFINITIVE AGREEMENT TO SELL REMAINING RAILCAR ASSETS TO GATX CORPORATION FOR PROCEEDS OF APPROXIMATELY $229 MILLION.COMPANY RECORDED A TOTAL AFTER-TAX LOSS OF $38.5 MILLION IN Q3 OF 2018 ON SALE OF REMAINING RAILCAR ASSETS.  Full Article

ECN Capital Q2 Adjusted Earnings Per Common Share $0.04
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - ECN Capital Corp ::ECN CAPITAL REPORTS US$0.04 IN ADJUSTED EARNINGS PER COMMON SHARE IN Q2-2018.Q2 ADJUSTED BASIC EARNINGS PER SHARE $0.04.BOOK VALUE PER COMMON SHARE AS AT JUNE 30, 2018 WAS $3.63 VERSUS $3.58 AS AT END OF PREVIOUS THREE-MONTH PERIOD.Q2 EARNINGS PER SHARE VIEW $0.03 -- THOMSON REUTERS I/B/E/S.  Full Article

ECN Capital Intends To Make Issuer Bid For Up To C$115 Mln Of Its Common Shares
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - ECN Capital Corp ::ECN CAPITAL ANNOUNCES INTENTION TO MAKE A SUBSTANTIAL ISSUER BID FOR UP TO C$115 MILLION OF ITS COMMON SHARES.ECN CAPITAL - ‍PROPOSED BID WILL PROCEED BY WAY OF A MODIFIED-DUTCH AUCTION​.ECN CAPITAL - ‍PROPOSED BID WILL PROCEED WITHIN PRICE RANGE OF NOT LESS THAN $3.49 PER SHARE AND NOT MORE THAN $3.90 PER SHARE​.ECN CAPITAL CORP - ‍INTEND TO FUND PROPOSED BID WITH A COMBINATION OF CASH DRAWN ON COMPANY'S EXISTING CREDIT FACILITY AND AVAILABLE CASH ON HAND​.  Full Article

ECN Capital Reports Q4 Adjusted EPS $0.03
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - ECN Capital Corp ::ECN CAPITAL REPORTS $0.03 IN ADJUSTED EARNINGS PER COMMON SHARE IN Q4-2017.Q4 ADJUSTED EARNINGS PER SHARE C$0.03.QTRLY ‍ORIGINATIONS $316.9 MILLION VERSES $112.5 MILLION​.‍BOOK VALUE PER COMMON SHARE AS AT DEC 31, 2017 WAS $4.47 VERSUS $4.51 AS AT END OF PREVIOUS QUARTER AND $4.47 FOR SAME PERIOD LAST YEAR​.‍TOTAL EARNING ASSETS OWNED AND MANAGED AS AT DECEMBER 31, 2017 WERE $5.5 BILLION, VERSUS $3.3 BILLION AS AT DECEMBER 31, 2016​.Q4 EARNINGS PER SHARE VIEW C$0.04 -- THOMSON REUTERS I/B/E/S.  Full Article

ECN Capital reports $0.03 in after tax adjusted EPS in Q3-2017
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - ECN Capital Corp ::ECN Capital reports $0.03 in after tax adjusted EPS in Q3-2017.ECN Capital qtrly ‍net financial income, net of interest expense & provision for credit losses, was $31.6 million versus $38.7 million​.ECN Capital Corp - ‍total earning assets owned and under management as at September 30, 2017 were $3.8 billion, versus $4.2 billion as at June 30, 2017​.  Full Article

ECN Capital to sell Canadian Commercial And Vendor Finance assets
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Ecn Capital Corp :ECN Capital to sell Canadian Commercial and Vendor Finance assets.ECN Capital Corp says ‍finance assets for cash proceeds of approximately c$900 million​.ECN Capital-‍transaction will free up approximately c$180 million in equity capital for redeployment in furthering of ECN Capital's ongoing strategic plan​.ECN Capital - ‍ entered into a definitive agreement with Canadian Western Bank to sell all of company's Canadian Commercial and Vendor Finance assets.  Full Article

ECN Capital to sell canadian commercial and vendor finance assets
Monday, 30 Oct 2017 

Oct 30 (Reuters) - ECN Capital Corp :ECN capital corp - to sell canadian commercial and vendor​ finance assets for cash proceeds of approximately c$900 million​ .ECN capital to sell canadian commercial and vendor finance assets.ECN capital-‍transaction will free up approximately c$180 million in equity capital for redeployment in furthering ongoing strategic plan​.ECN capital - ‍ entered into definitive agreement with canadian western bank to sell all of co's canadian commercial and vendor finance assets.  Full Article

CANADA STOCKS-TSX rises as financials, energy stocks gain

April 16 Canada's main stock edged higher on Tuesday, lifted by financials and energy stocks as positive economic data from major economies fueled risk appetite, while a drop in gold kept a check on further gains.