Overview
* SSC Security Services Corp ( SECUF ) Q3 revenue grows 1.7% yr/yr to C$30.2 mln
* Adjusted EBITDA for Q3 rises 14% to C$1.4 mln
* Co repurchased 140,900 shares, maintaining a debt-free balance sheet with strong liquidity
Outlook
* Company expects legacy assets to convert to cash within a year
* SSC plans to expand through acquisitions while maintaining financial conservatism
* Company aims to continue capital distribution via dividends
* SSC sees continued growth in demand for integrated security services
Result Drivers
* MARGIN IMPROVEMENT - Gross margin increased to 17.5% from 15.9% due to expense management and operational efficiencies
* ORGANIC GROWTH - Revenue rose 1.7% year-over-year, driven by internally generated organic growth
* SHARE BUYBACKS - Company repurchased 140,900 shares, emphasizing shareholder value enhancement
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 C$30.20
Revenue mln
Q3 C$0.04
Adjusted
EPS
Q3 C$800,00
Adjusted 0
Net
Income
Q3 C$1.40
Adjusted mln
EBITDA
Press Release:
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)