December 18, 2014 9:34 PM ET

Hotels, Restaurants and Leisure

Company Overview of Northampton Group Inc.

Company Overview

Northampton Group Inc. engages in the construction, development, ownership, and management of hotels. It has interests in 16 hotels in Canada and the United States. The company was founded in 1985 and is based in Mississauga, Canada. As of September 15, 2014, Northampton Group Inc. was taken private.

2601 Matheson Boulevard East

Suite 212

Mississauga, ON L4W 5A8

Canada

Founded in 1985

Phone:

905-629-9992

Fax:

905-629-9636

Key Executives for Northampton Group Inc.

Chief Financial Officer
Compensation as of Fiscal Year 2014.

Northampton Group Inc. Key Developments

Northampton Group Inc. Reports Consolidated Financial Results for the First Quarter Ended June 30, 2014

Northampton Group Inc. reported consolidated financial results for the first quarter ended June 30, 2014. Northampton posted a quarter-over-quarter sales increase of 5.8% with improvements at nearly all properties. In addition, gross profit rose by 4.9%, while profit for the period increased by 21.7% and earnings per share by 20.6%. EBITDA (earnings before income taxes, interest, depreciation, and amortization) in the quarter ended June 30, 2014 increased 11.6% to $2,698,820 from $2,418,159 in the prior year. Net income for the quarter rose 21.0% to $775,349, up from $641,004 for the same quarter in fiscal 2014. Earnings per share in the quarter rose 20.6% to $0.030 per share compared to $0.024 per share in the same quarter of the previous year. Cash flow, or net income plus amortization, increased 11.9% in the first quarter of fiscal 2015 to $1,468,875 or $0.056 per share from $1,312,578 or $0.05 per share in the prior period. Pre-tax profit was $1,582,986 against $1,301,644 a year ago.

Northampton Group Inc., Annual General Meeting, Sep 15, 2014

Northampton Group Inc., Annual General Meeting, Sep 15, 2014., at 11:00 US Eastern Standard Time. Location: The Strathcona Hotel. Agenda: To receive and consider the financial statements of the corporation for the year ended March 31, 2014 and the report of the auditors thereon; to elect the board of directors as nominated by management; to re-appoint the auditors and to authorize the directors of the corporation to fix their remuneration; to consider, pursuant to an interim order of the Ontario Superior Court of Justice (Commercial List) (the Court) dated August 15, 2014 as the same may be amended (the Interim Order), and if thought appropriate, to pass a special resolution (the Arrangement Resolution) to approve an arrangement (the Arrangement) under Section 182 of the Business Corporations Act (Ontario) (the OBCA); and to transact such further or other business as may properly come before the meeting or at any adjournment or postponement thereof.

Northampton Group Inc Reports Consolidated Financial Results for the Third Quarter and Nine Months Ended December 31, 2013

Northampton Group Inc. reported consolidated financial results for the third quarter and nine months ended December 31, 2013. For the third quarter, revenues rose 8.2% to $7,276,945 from $6,723,005 in the same quarter in fiscal 2013. EBITDA increased 21.4% to $1,957,371 from $1,612,735 in the same quarter in the previous year. Net income for the quarter fell to $248,722 from 398,636 in the previous year, off 37.6%. Earnings per share decreased 37.6% to $0.010 from $0.015 in the previous fiscal year. In the quarter, cash flow decreased 8.1% to $972,444 or $0.037 per share. Pre-tax profit was $689,545 against $461,973 for the same period a year ago. For the nine months, consolidated revenues rose 6.7% to $24,233,454 from $22,709,843 for the same period in the previous fiscal year. EBITDA (earnings before income taxes, interest, depreciation, and amortization) increased 30.6% to $7,469,942 from $5,718,186 in the prior period. Net income rose to $1,950,673, up 139.5% from $814,408 in the same period in fiscal 2013. Earnings per share rose 139.5% to $0.075 per share compared to $0.031 in the same period in the previous year. Cash flow, or net income plus amortization, increased 34.4% in the nine months to $4,035,016 or $0.155 per share. Pre-tax profit was $3,963,103 against $2,038,505 for the same period a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 9, 2014
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