May 11, 2016 / 2:42 PM / a year ago

BRIEF-Strongco Q1 loss per share $0.05

May 11 (Reuters) - Strongco Corp :

* Strongco announces first quarter 2016 results

* Qtrly revenues decreased by 3% to $109.7 million

* Qtrly loss per share $0.05

* At March 31, 2016 equipment inventory was $176.7 million , down $22.3 million from December 31, 2015

* Says "market conditions are expected to remain challenging throughout balance of 2016 in Canada"

* Says "demand for heavy equipment and cranes is expected to remain weak throughout 2016"

* Q1 earnings per share view C$-0.18 -- Thomson Reuters I/B/E/S

* Says in Ontario larger scale construction activity is expected to remain low in 2016

* In response to current market conditions, weak outlook, management has made adjustments to cost structure, with layoffs, other cost reductions Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below