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.
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
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of the contents of this News Release.
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.
SOURCE Decisive Dividend Corporation