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:
Decisive Dividend Corporation Logo (CNW Group/Decisive Dividend Corporation)
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.
The Corporation also announced today that it will host a conference call for interested parties on Wednesday November 6, 2024, at 8:00am Pacific Time (11:00am Eastern Time) to discuss the Corporation's Q3 2024 results. The call will be hosted by Jeff Schellenberg, Decisive's Chief Executive Officer and Rick Torriero, Chief Financial Officer.
Decisive intends to release its financial results for the third quarter ended September 30, 2024, after market close on Tuesday November 5, 2024. The results will be available on SEDAR+ at www.sedarplus.ca and on Decisive's website (www.decisivedividend.com) after dissemination has taken place over the news wire service.
Details for those who wish to participate in this conference call are as follows:
Conference Call Details: Wednesday November 6, 2024, at 8:00am Pacific Time / 11:00am Eastern Time (please call 10 minutes ahead of time)
Participant Information: To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/4epECyd to receive an instant automated call back.
You can also dial direct to be entered into the call by an operator: Dial in number – North America (toll free): 1-888-510-2154 Dial in number – United Kingdom (toll free): 448002797040 Dial in number – International: +1-437-900-0527
Replay Information (replay available until November 13, 2024): Replay number – North America (toll free): 1-888-660-6345 Replay number – International: +1-289-819-1450 Replay access code 91407#
About Decisive Dividend Corporation
Decisive Dividend Corporation is an acquisition-oriented company, focused on opportunities in manufacturing. The Corporation's purpose is to be the sought-out choice for exiting legacy-minded business owners, while supporting the long-term success of the businesses acquired, and through that, creating sustainable and growing shareholder returns. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established, high quality manufacturing companies that have a sustainable competitive advantage, a focus on non-discretionary products, steady cash flows, growth potential and established, strong leadership.
For more information on Decisive, or to sign up for email notifications of Corporation press releases, please visit www.decisivedividend.com.
Cautionary Statements
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Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "believes", "expects", "could", "will", "may", "intends", "projects", "anticipates", "plans", "estimates", "continues" and similar words or the negative and grammatical variations thereof and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on management's current beliefs, assumptions and expectations as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this press release contains forward-looking information relating to the future prospects of the Corporation and its operating subsidiaries, 2024 and 2025 demand levels, demand from customers, the timing of product sales and/or deliveries under existing customer contracts or significant orders received from customers, potential future acquisitions, and ongoing or planned initiatives to enhance margins and increase market share. Risk factors that could cause actual results or outcomes to differ materially from the results expressed or implied by forward-looking information include, among other things: (i) operational risks, including risks related to acquisitions; dependence on customers, distributors and strategic relationships; supply and cost of raw materials and purchased parts; operational performance and growth, implementation of the growth strategy; product liability and warranty claims; litigation; reliance on technology, intellectual property, and information systems; (ii) financial risks, including risks relating to the availability of future financing; interest rates and debt financing; income tax matters; foreign exchange; dividends; trading volatility of common shares; dilution risk; (iii) external risks, including risks relating to general economic conditions; pandemics; competition; government regulation; environmental regulation; access to capital; market trends and innovation; climate risk; general uninsured losses; and (iv) human capital risks, including reliance on management and key personnel; employee and labour relations; and conflicts of interest, all as more particularly described in the most recent annual management's discussion and analysis of the Corporation available on the Corporation's profile at www.sedarplus.ca. The Corporation cautions the reader that the risk factors referenced above are not exhaustive. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
