Reported Earnings • May 11
Second quarter 2026 earnings released: EPS: CA$0.13 (vs CA$0.14 in 2Q 2025) Second quarter 2026 results: EPS: CA$0.13 (down from CA$0.14 in 2Q 2025). Revenue: CA$3.71m (down 5.6% from 2Q 2025). Net income: CA$849.3k (down 2.5% from 2Q 2025). Profit margin: 23% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 24
Upcoming dividend of CA$0.14 per share Eligible shareholders must have bought the stock before 01 May 2026. Payment date: 15 May 2026. Trailing yield: 5.7%. Within top quartile of Canadian dividend payers (5.5%). Higher than average of industry peers (1.0%). Aankondiging • Apr 17
Vitreous Glass Inc. announces special dividend, payable on May 15, 2026 Vitreous Glass Inc. announced special dividend of CAD 0.1400 per share payable on May 15, 2026, ex-date on May 01, 2026 and record date on May 01, 2026. Reported Earnings • Feb 06
First quarter 2026 earnings released: EPS: CA$0.14 (vs CA$0.064 in 1Q 2025) First quarter 2026 results: EPS: CA$0.14 (up from CA$0.064 in 1Q 2025). Revenue: CA$3.64m (up 48% from 1Q 2025). Net income: CA$892.2k (up 120% from 1Q 2025). Profit margin: 25% (up from 17% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 15% per year. Upcoming Dividend • Jan 23
Upcoming dividend of CA$0.10 per share Eligible shareholders must have bought the stock before 30 January 2026. Payment date: 13 February 2026. Trailing yield: 5.8%. Within top quartile of Canadian dividend payers (5.5%). Higher than average of industry peers (0.9%). Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CA$7.45, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 19x in the Basic Materials industry in North America. Total returns to shareholders of 132% over the past three years. Reported Earnings • Dec 11
Full year 2025 earnings released: EPS: CA$0.50 (vs CA$0.38 in FY 2024) Full year 2025 results: EPS: CA$0.50 (up from CA$0.38 in FY 2024). Revenue: CA$14.1m (up 46% from FY 2024). Net income: CA$3.14m (up 31% from FY 2024). Profit margin: 22% (down from 25% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Dec 08
Vitreous Glass Inc., Annual General Meeting, Feb 05, 2026 Vitreous Glass Inc., Annual General Meeting, Feb 05, 2026. Location: alberta, calgary Canada Upcoming Dividend • Oct 24
Upcoming dividend of CA$0.13 per share Eligible shareholders must have bought the stock before 31 October 2025. Payment date: 14 November 2025. Trailing yield: 6.4%. Within top quartile of Canadian dividend payers (5.8%). Higher than average of industry peers (0.9%). Aankondiging • Oct 17
Vitreous Glass Inc. announces special dividend, payable on November 14, 2025 Vitreous Glass Inc. announced special dividend of CAD 0.1300 per share payable on November 14, 2025, ex-date on October 31, 2025 and record date on October 31, 2025. Reported Earnings • Aug 10
Third quarter 2025 earnings released: EPS: CA$0.13 (vs CA$0.10 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.13 (up from CA$0.10 in 3Q 2024). Revenue: CA$3.73m (up 50% from 3Q 2024). Net income: CA$842.3k (up 28% from 3Q 2024). Profit margin: 23% (down from 27% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 25
Upcoming dividend of CA$0.07 per share Eligible shareholders must have bought the stock before 01 August 2025. Payment date: 15 August 2025. Trailing yield: 5.6%. Lower than top quartile of Canadian dividend payers (6.1%). Higher than average of industry peers (1.0%). Reported Earnings • May 09
Second quarter 2025 earnings released: EPS: CA$0.14 (vs CA$0.10 in 2Q 2024) Second quarter 2025 results: EPS: CA$0.14 (up from CA$0.10 in 2Q 2024). Revenue: CA$3.93m (up 61% from 2Q 2024). Net income: CA$870.8k (up 35% from 2Q 2024). Profit margin: 22% (down from 27% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CA$6.00, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 17x in the Basic Materials industry in North America. Total returns to shareholders of 47% over the past three years. Upcoming Dividend • Apr 24
Upcoming dividend of CA$0.12 per share Eligible shareholders must have bought the stock before 01 May 2025. Payment date: 15 May 2025. Trailing yield: 6.3%. Lower than top quartile of Canadian dividend payers (6.6%). Higher than average of industry peers (1.1%). Aankondiging • Apr 16
Vitreous Glass Inc. Declares Special Cash Dividend, Payable on May 15, 2025 Vitreous Glass Inc. announced that the Corporation declared a cash dividend (the "Dividend") of $0.12 per common share to be paid on May 15, 2025 to the shareholders of record as of the close of business on May 1, 2025. Although this is a special Dividend which depends on the results of ongoing business activity and operating results, the Corporation anticipates continuing to pay dividends on a quarterly basis. Reported Earnings • Feb 12
First quarter 2025 earnings released: EPS: CA$0.06 (vs CA$0.09 in 1Q 2024) First quarter 2025 results: EPS: CA$0.06 (down from CA$0.09 in 1Q 2024). Revenue: CA$2.46m (up 5.0% from 1Q 2024). Net income: CA$405.4k (down 28% from 1Q 2024). Profit margin: 17% (down from 24% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year. Declared Dividend • Jan 19
Fourth quarter dividend of CA$0.13 announced Shareholders will receive a dividend of CA$0.13. Ex-date: 31st January 2025 Payment date: 14th February 2025 Dividend yield will be 7.1%, which is higher than the industry average of 2.5%. Sustainability & Growth The dividend has increased by an average of 2.0% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Dec 10
Full year 2024 earnings released: EPS: CA$0.38 (vs CA$0.40 in FY 2023) Full year 2024 results: EPS: CA$0.38 (down from CA$0.40 in FY 2023). Revenue: CA$9.66m (down 5.2% from FY 2023). Net income: CA$2.40m (down 5.5% from FY 2023). Profit margin: 25% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Aankondiging • Nov 26
Vitreous Glass Inc., Annual General Meeting, Jan 21, 2025 Vitreous Glass Inc., Annual General Meeting, Jan 21, 2025. Location: alberta, calgary Canada Recent Insider Transactions • Oct 21
VP & COO recently sold CA$69k worth of stock On the 17th of October, Darcy Forbes sold around 13k shares on-market at roughly CA$5.24 per share. This transaction amounted to 9.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Darcy has been a net seller over the last 12 months, reducing personal holdings by CA$130k. Declared Dividend • Oct 18
Third quarter dividend reduced to CA$0.03 Dividend of CA$0.03 is 70% lower than last year. Ex-date: 1st November 2024 Payment date: 15th November 2024 Dividend yield will be 6.2%, which is higher than the industry average of 2.5%. Sustainability & Growth The dividend has increased by an average of 4.0% per year over the past 10 years. However, payments have been volatile during that time. Aankondiging • Oct 18
Vitreous Glass Inc. Declares Cash Dividend, Payable on November 15, 2024 Vitreous Glass Inc. announced that the Corporation declared a cash dividend of $0.03 per common share to be paid on November 15, 2024 to the shareholders of record as of the close of business on November 1, 2024. Reported Earnings • Aug 27
Third quarter 2024 earnings released: EPS: CA$0.10 (vs CA$0.098 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.10 (up from CA$0.098 in 3Q 2023). Revenue: CA$2.49m (up 1.5% from 3Q 2023). Net income: CA$658.5k (up 7.1% from 3Q 2023). Profit margin: 27% (up from 25% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Aankondiging • Aug 04
Vitreous Glass Inc. Announces Chief Financial Officer Changes Vitreous Glass Inc. announces that it has appointed Mr. Lance Mierendorf, CPA CA as Chief Financial Officer of the Corporation effective August 1, 2024. Mr. Mierendorf is a Chartered Professional Accountant and has extensive experience in CFO roles of small and medium sized public companies. Timothy Rendell will remain with the organization for a transition period. The corporation wishes to thank Mr. Rendell for his contributions to the organization over his successful 12-year career and congratulates him on his retirement. Declared Dividend • Jul 19
Second quarter dividend of CA$0.10 announced Shareholders will receive a dividend of CA$0.10. Ex-date: 1st August 2024 Payment date: 15th August 2024 Dividend yield will be 7.6%, which is higher than the industry average of 2.5%. Sustainability & Growth The dividend has increased by an average of 4.0% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • May 29
Second quarter 2024 earnings released: EPS: CA$0.10 (vs CA$0.11 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.10 (down from CA$0.11 in 2Q 2023). Revenue: CA$2.44m (down 1.9% from 2Q 2023). Net income: CA$647.1k (down 4.1% from 2Q 2023). Profit margin: 27% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Declared Dividend • Apr 19
First quarter dividend of CA$0.10 announced Shareholders will receive a dividend of CA$0.10. Ex-date: 30th April 2024 Payment date: 15th May 2024 Dividend yield will be 6.9%, which is higher than the industry average of 2.5%. Sustainability & Growth The dividend has increased by an average of 2.1% per year over the past 10 years. However, payments have been volatile during that time. Aankondiging • Apr 17
Vitreous Glass Inc. Declares Cash Dividend, Payable on May 15, 2024 Vitreous Glass Inc. announced that the corporation declared a cash dividend of $0.10 per common share to be paid on May 15, 2024 to the shareholders of record as of the close of business on May 1, 2024. Although this is a special Dividend, depending on the results of business, the Corporation hopes to be able to continue to pay dividends on a regular basis. The Dividend is considered an "eligible dividend" for tax purposes. Reported Earnings • Feb 28
First quarter 2024 earnings released: EPS: CA$0.09 (vs CA$0.12 in 1Q 2023) First quarter 2024 results: EPS: CA$0.09 (down from CA$0.12 in 1Q 2023). Revenue: CA$2.34m (down 20% from 1Q 2023). Net income: CA$567.3k (down 22% from 1Q 2023). Profit margin: 24% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • Jan 24
Upcoming dividend of CA$0.10 per share at 8.0% yield Eligible shareholders must have bought the stock before 31 January 2024. Payment date: 15 February 2024. Trailing yield: 8.0%. Within top quartile of Canadian dividend payers (6.5%). Higher than average of industry peers (1.2%). Recent Insider Transactions Derivative • Jan 23
VP & COO exercised options to buy CA$153k worth of stock. On the 19th of January, Darcy Forbes exercised options to buy 26k shares at a strike price of around CA$2.75, costing a total of CA$72k. This transaction amounted to 21% of their direct individual holding at the time of the trade. Since June 2023, Darcy has owned 126.38k shares directly. Company insiders have collectively sold CA$288k more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Jan 19
Fourth quarter dividend of CA$0.10 announced Shareholders will receive a dividend of CA$0.10. Ex-date: 31st January 2024 Payment date: 15th February 2024 Dividend yield will be 6.3%, which is higher than the industry average of 2.6%. Sustainability & Growth The dividend has increased by an average of 5.3% per year over the past 10 years. However, payments have been volatile during that time. Aankondiging • Jan 17
Vitreous Glass Inc. Declares Cash Dividend, Payable on February 15, 2024 Vitreous Glass Inc. announced that the Corporation declared a cash dividend of $0.10 per common share to be paid on February 15, 2024 to the shareholders of record as of the close of business on February 1, 2024. Although this is a special Dividend, depending on the results of business, the Corporation hopes to be able to continue to pay dividends on a regular basis. Aankondiging • Dec 14
Vitreous Glass Inc., Annual General Meeting, Feb 14, 2024 Vitreous Glass Inc., Annual General Meeting, Feb 14, 2024. Reported Earnings • Dec 10
Full year 2023 earnings released: EPS: CA$0.40 (vs CA$0.35 in FY 2022) Full year 2023 results: EPS: CA$0.40 (up from CA$0.35 in FY 2022). Revenue: CA$10.2m (up 5.9% from FY 2022). Net income: CA$2.54m (up 17% from FY 2022). Profit margin: 25% (up from 23% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Upcoming Dividend • Oct 24
Upcoming dividend of CA$0.10 per share at 8.2% yield Eligible shareholders must have bought the stock before 31 October 2023. Payment date: 15 November 2023. Trailing yield: 8.2%. Within top quartile of Canadian dividend payers (6.8%). Higher than average of industry peers (0.9%). Aankondiging • Oct 17
Vitreous Glass Inc. Declares Cash Dividend, Payable on November 15, 2023 Vitreous Glass Inc. announced that the Corporation declared a cash dividend of $0.10 per common share to be paid on November 15, 2023 to the shareholders of record as of the close of business on November 1, 2023. Reported Earnings • Aug 31
Third quarter 2023 earnings released: EPS: CA$0.10 (vs CA$0.09 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.10 (up from CA$0.09 in 3Q 2022). Revenue: CA$2.45m (down 5.4% from 3Q 2022). Net income: CA$615.0k (up 8.2% from 3Q 2022). Profit margin: 25% (up from 22% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 24
Upcoming dividend of CA$0.06 per share at 7.4% yield Eligible shareholders must have bought the stock before 31 July 2023. Payment date: 15 August 2023. Trailing yield: 7.4%. Within top quartile of Canadian dividend payers (6.1%). Higher than average of industry peers (0.8%). Aankondiging • Jul 15
Vitreous Glass Inc. Declares Special Dividend, Payable on August 15, 2023 Vitreous Glass Inc. announced that the Corporation declared a cash dividend of $0.06 per common share to be paid on August 15, 2023 to the shareholders of record as of the close of business on August 1, 2023. Although this is a special Dividend, depending on the results of business, the Corporation hopes to be able to continue to pay dividends on a regular basis. Recent Insider Transactions Derivative • Jun 23
VP & COO exercised options to buy CA$156k worth of stock. On the 15th of June, Darcy Forbes exercised options to buy 26k shares at a strike price of around CA$2.75, costing a total of CA$73k. This transaction amounted to 26% of their direct individual holding at the time of the trade. As of today, Darcy currently holds no shares directly. Company insiders have collectively sold CA$359k more than they bought, via options and on-market transactions in the last 12 months. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CA$6.45, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 20x in the Basic Materials industry in North America. Total returns to shareholders of 162% over the past three years. Buying Opportunity • Jun 02
Now 23% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be CA$6.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.5% over the last 3 years, while earnings per share has been flat. Reported Earnings • May 31
Second quarter 2023 earnings released: EPS: CA$0.11 (vs CA$0.10 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.11 (up from CA$0.10 in 2Q 2022). Revenue: CA$2.49m (down 1.4% from 2Q 2022). Net income: CA$674.8k (up 5.3% from 2Q 2022). Profit margin: 27% (up from 25% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Apr 26
CFO & Director recently sold CA$74k worth of stock On the 21st of April, Timothy Rendell sold around 15k shares on-market at roughly CA$4.90 per share. This transaction amounted to 75% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Timothy has been a net seller over the last 12 months, reducing personal holdings by CA$407k. Recent Insider Transactions • Mar 26
CFO & Director recently sold CA$60k worth of stock On the 24th of March, Timothy Rendell sold around 13k shares on-market at roughly CA$4.62 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Timothy has been a net seller over the last 12 months, reducing personal holdings by CA$141k. Reported Earnings • Feb 24
First quarter 2023 earnings released: EPS: CA$0.11 (vs CA$0.084 in 1Q 2022) First quarter 2023 results: EPS: CA$0.11 (up from CA$0.084 in 1Q 2022). Revenue: CA$2.91m (up 31% from 1Q 2022). Net income: CA$730.8k (up 39% from 1Q 2022). Profit margin: 25% (up from 24% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 9% per year. Upcoming Dividend • Jan 24
Upcoming dividend of CA$0.19 per share at 8.5% yield Eligible shareholders must have bought the stock before 31 January 2023. Payment date: 15 February 2023. Trailing yield: 8.5%. Within top quartile of Canadian dividend payers (5.8%). Higher than average of industry peers (0.8%). Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 21% share price gain to CA$4.85, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 14x in the Basic Materials industry in North America. Total returns to shareholders of 76% over the past three years. Aankondiging • Jan 19
Vitreous Glass Inc. Declares Cash Dividend, Payable on February 15, 2023 Vitreous Glass Inc. announced that the corporation declared a cash dividend of $0.19 per common share to be paid on February 15, 2023 to the shareholders of record as of the close of business on February 1, 2023. Aankondiging • Jan 06
Vitreous Glass Inc., Annual General Meeting, Mar 07, 2023 Vitreous Glass Inc., Annual General Meeting, Mar 07, 2023. Reported Earnings • Dec 09
Full year 2022 earnings released: EPS: CA$0.35 (vs CA$0.54 in FY 2021) Full year 2022 results: EPS: CA$0.35 (down from CA$0.54 in FY 2021). Revenue: CA$9.62m (down 21% from FY 2021). Net income: CA$2.17m (down 36% from FY 2021). Profit margin: 23% (down from 28% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Joanne Hruska was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Oct 24
Upcoming dividend of CA$0.06 per share Eligible shareholders must have bought the stock before 31 October 2022. Payment date: 15 November 2022. Trailing yield: 7.7%. Within top quartile of Canadian dividend payers (6.1%). Higher than average of industry peers (1.0%). Aankondiging • Oct 19
Vitreous Glass Inc. Declares Cash Dividend, Payable on November 15, 2022 Vitreous Glass Inc. announced that the Corporation declared a cash dividend (the "Dividend") of $0.06 per common share to be paid on November 15, 2022 to the shareholders of record as of the close of business on November 1, 2022. Reported Earnings • Aug 19
Third quarter 2022 earnings released: EPS: CA$0.09 (vs CA$0.12 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.09 (down from CA$0.12 in 3Q 2021). Revenue: CA$2.59m (down 15% from 3Q 2021). Net income: CA$568.5k (down 27% from 3Q 2021). Profit margin: 22% (down from 25% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 21
Upcoming dividend of CA$0.08 per share Eligible shareholders must have bought the stock before 28 July 2022. Payment date: 15 August 2022. Trailing yield: 6.8%. Within top quartile of Canadian dividend payers (5.4%). Higher than average of industry peers (1.0%). Aankondiging • Jul 16
Vitreous Glass Inc. Declares Cash Dividend, Payable on August 15, 2022 Vitreous Glass Inc. declared a cash dividend of $0.08 per common share to be paid on August 15, 2022 to the shareholders of record as of the close of business on July 29, 2022. Although this is a special Dividend, depending on the results of business, the Corporation hopes to be able to continue to pay dividends on a regular basis. Reported Earnings • May 28
Second quarter 2022 earnings released: EPS: CA$0.10 (vs CA$0.14 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.10 (down from CA$0.14 in 2Q 2021). Revenue: CA$2.52m (down 18% from 2Q 2021). Net income: CA$640.9k (down 27% from 2Q 2021). Profit margin: 25% (down from 29% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Joanne Hruska was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 22
Upcoming dividend of CA$0.08 per share Eligible shareholders must have bought the stock before 28 April 2022. Payment date: 13 May 2022. Trailing yield: 6.7%. Within top quartile of Canadian dividend payers (4.6%). Higher than average of industry peers (0.8%). Aankondiging • Apr 19
Vitreous Glass Inc. Declares Special Cash Dividend, Payable on May 13, 2022 Vitreous Glass Inc. announced that the Corporation declared a cash dividend (the "Dividend") of $0.08 per common share to be paid on May 13, 2022 to the shareholders of record as of the close of business on April 29, 2022. Although this is a special Dividend, depending on the results of business, the Corporation hopes to be able to continue to pay dividends on a regular basis. The Dividend is considered an "eligible dividend" for tax purposes. The Corporation had approximately 6,283,667 common shares issued and outstanding as at April 18, 2022. Reported Earnings • Feb 23
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: CA$0.08 (down from CA$0.17 in 1Q 2021). Revenue: CA$2.22m (down 35% from 1Q 2021). Net income: CA$525.8k (down 49% from 1Q 2021). Profit margin: 24% (down from 30% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 12
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CA$0.54 (up from CA$0.37 in FY 2020). Revenue: CA$12.1m (up 30% from FY 2020). Net income: CA$3.37m (up 46% from FY 2020). Profit margin: 28% (up from 25% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improved over the past week After last week's 16% share price gain to CA$5.76, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 16x in the Basic Materials industry in North America. Total returns to shareholders of 117% over the past three years. Recent Insider Transactions • Aug 29
CFO & Director recently sold CA$51k worth of stock On the 26th of August, Timothy Rendell sold around 10k shares on-market at roughly CA$5.10 per share. This was the largest sale by an insider in the last 3 months. Timothy has been a seller over the last 12 months, reducing personal holdings by CA$161k. Reported Earnings • Aug 25
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$3.05m (up 135% from 3Q 2020). Net income: CA$773.2k (up 233% from 3Q 2020). Profit margin: 25% (up from 18% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year. Upcoming Dividend • Jul 22
Upcoming dividend of CA$0.09 per share Eligible shareholders must have bought the stock before 29 July 2021. Payment date: 13 August 2021. Trailing yield: 11%. Within top quartile of Canadian dividend payers (4.6%). Higher than average of industry peers (0.8%). Aankondiging • Jul 16
Vitreous Glass Inc. Declares Dividend, Payable on August 13, 2021 Vitreous Glass Inc. announced that the Corporation declared a cash dividend of $0.09 per common share to be paid on August 13, 2021 to the shareholders of record as of the close of business on July 30, 2021. Although this is a special Dividend, depending on the results of business, the Corporation hopes to be able to continue to pay dividends on a regular basis. The Dividend is considered an "eligible dividend" for tax purposes. Reported Earnings • May 19
Second quarter 2021 earnings released: EPS CA$0.14 (vs CA$0.088 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CA$3.07m (up 16% from 2Q 2020). Net income: CA$880.3k (up 60% from 2Q 2020). Profit margin: 29% (up from 21% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 9% per year. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improved over the past week After last week's 20% share price gain to CA$5.14, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 24x in the Basic Materials industry in North America. Total returns to shareholders of 93% over the past three years. Recent Insider Transactions • Apr 28
CFO & Director recently sold CA$110k worth of stock On the 21st of April, Timothy Rendell sold around 25k shares on-market at roughly CA$4.41 per share. This was the largest sale by an insider in the last 3 months. This was Timothy's only on-market trade for the last 12 months. Upcoming Dividend • Apr 22
Upcoming dividend of CA$0.08 per share Eligible shareholders must have bought the stock before 29 April 2021. Payment date: 14 May 2021. Trailing yield: 14%. Within top quartile of Canadian dividend payers (4.7%). Higher than average of industry peers (0.8%). Executive Departure • Mar 09
Independent Director has left the company On the 2nd of March, Peter Schenkelberg's tenure as Independent Director ended after 17.1 years in the role. We don't have any record of a personal shareholding under Peter's name. Peter is the only executive to leave the company over the last 12 months. Reported Earnings • Feb 19
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CA$3.42m (up 34% from 1Q 2020). Net income: CA$1.04m (up 60% from 1Q 2020). Profit margin: 30% (up from 25% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 2% per year. Is New 90 Day High Low • Jan 21
New 90-day high: CA$4.24 The company is up 16% from its price of CA$3.65 on 22 October 2020. The Canadian market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 35% over the same period. Aankondiging • Dec 26
Vitreous Glass Inc., Annual General Meeting, Mar 02, 2021 Vitreous Glass Inc., Annual General Meeting, Mar 02, 2021. Is New 90 Day High Low • Dec 23
New 90-day high: CA$4.10 The company is up 14% from its price of CA$3.60 on 23 September 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 64% over the same period. Reported Earnings • Dec 14
Full year 2020 earnings released: EPS CA$0.37 The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CA$9.36m (up 10% from FY 2019). Net income: CA$2.32m (up 31% from FY 2019). Profit margin: 25% (up from 21% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Is New 90 Day High Low • Nov 27
New 90-day high: CA$3.80 The company is up 6.0% from its price of CA$3.60 on 28 August 2020. The Canadian market is also up 6.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Basic Materials industry, which is up 10.0% over the same period. Is New 90 Day High Low • Oct 29
New 90-day high: CA$3.78 The company is up 1.0% from its price of CA$3.75 on 31 July 2020. The Canadian market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is down 1.0% over the same period. Aankondiging • Jul 20
Vitreous Glass Inc.(TSXV:VCI) dropped from S&P/TSX Venture Composite Index Vitreous Glass Inc.(TSXV:VCI) dropped from S&P/TSX Venture Composite Index