Canadian Utilities Ltd
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Based in Canada
Company profile

Canadian Utilities Ltd is a Canada-based company that offers services in the areas of electricity, pipelines & liquids and retail energy. The Company’s segments include Electricity, Pipelines & Liquids and Corporate & Other. The Electricity segment includes ATCO Electric, ATCO Power, Alberta PowerLine and ATCO Power Australia. Together these businesses provide electricity generation, transmission, distribution and related infrastructure solutions in Alberta, Ontario, the Yukon, the Northwest Territories, Australia and Mexico. The Pipelines & Liquids segment includes ATCO Gas, ATCO Pipelines, ATCO Gas Australia, and ATCO Energy Solutions. These businesses provide integrated natural gas transmission, distribution and storage, industrial water solutions and related infrastructure development throughout Alberta, the Lloydminster area of Saskatchewan, Western Australia and Mexico. Corporate & Other segment includes ATCO Energy, a retail electricity and natural gas business in Alberta.

This security is a preferred stock
Closing Price
$18.87
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
18.87
Day's Low
18.87
Volume
600

Avis Budget sees 80% revenue drop for April, May

5:52 pm ET May 4, 2020 (MarketWatch)
Print

Shares of Avis Budget Group Inc. (CAR) fell more than 4% in the extended session Monday after the car-rental company reported a narrower-than-expected adjusted first-quarter loss but said it expects April and May revenue to be 80% lower as the shutdowns due to the coronavirus pandemic continue to crimp leisure and business car renting. Avis said it lost $158 million, or $2.16 a share, in the quarter, compared with a loss of $91 million, or $1.20 a share, in the year-ago period. Adjusted for one-time items, Avis lost $103 million, or $1.40 a share, compared with a loss of 78 cents a year ago. Sales fell 9% to $1.8 billion, Avis said, adding that through February its revenue for the quarter was up 9%. Analysts polled by FactSet had expected Avis to lose $1.89 a share on sales of $1.75 billion. Avis said that it had available liquidity of $1.6 billion as of late March and no meaning debt maturities until 2023. After the revenue plunge for April and May, Avis said it anticipates to experience a "gradual recovery" in June and "improving thereafter, as shelter in place restrictions are lifted and leisure travel begins to resume. Our current reservations show improvement in June and sequentially increase over the balance of the summer." Earlier Monday, shares of Hertz Global Holdings Inc. (HTZ) plunged after a report by The Wall Street Journal said the car rental company had hired an additional adviser (http://www.marketwatch.com/story/hertz-stock-falls-nearly-20-after-wsj-reports-another-bankruptcy-adviser-hired-2020-05-04) ahead of a planned bankruptcy filing.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 04, 2020 17:52 ET (21:52 GMT)

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