Acquisitions spur Calian’s revenue

Article Excerpt

CALIAN GROUP LTD. $43 is a buy. The company (Toronto symbol CGY; High-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 11.8 million; Market cap: $507.4 million; Dividend yield: 2.6%; Dividend Sustainability Rating: Above Average; www.calian.com) provides business services to the healthcare, defence, security, aerospace, engineering, agriculture and technology industries. Calian pays a quarterly dividend of $0.28 a share; the annual rate of $1.12 yields 2.6%. That payment went up five times between 2010 and 2012. Calian has held it steady for investors since then. In its fiscal 2025 first quarter, ended December 31, 2024, the company’s revenue increased 3.3%, to $185.0 million from $179.2 million a year earlier. Revenue was higher due to acquisitions, including Decisive Group, the nuclear assets of MDA Ltd (Toronto symbol MDA). Excluding one-time items, the company earned $10.5 million, or $0.88 a share. That was down 25.4% from $14.0 million, or $1.17. Calian is a buy. buy…