ENTREC Corporation reported consolidated earnings results for the first quarter ended March 31, 2013. For the three months ended March 31, 2013, the company's revenue more than doubled to CAD 51.7 million, from CAD 23.4 million in the first quarter of 2012. The 121% revenue improvement reflects the positive impact of business acquisitions completed over the past year and continued strong demand from key markets. Adjusted EBITDA increased to CAD 13.3 million, up significantly from CAD 5.6 million in the first quarter of 2012. Adjusted net income more than doubled to CAD 5.5 million, from CAD 2.7 million in the first quarter of 2012 as a result of the increased revenue and higher adjusted EBITDA margin. Adjusted earnings per share of CAD 0.06 were consistent with the first quarter of 2012 results, as higher adjusted net income was offset by a higher number of common shares outstanding as at March 31, 2013. Net income grew to CAD 5.4 million from CAD 2.5 million in the first quarter of last year. Income before finance items and income taxes was CAD 9.044 million against CAD 3.920 million a year ago. Income before income taxes was CAD 7.333 million against CAD 3.456 million a year ago. Earnings per share - basic and diluted were CAD 0.05 against CAD 0.06 a year ago. The company made capital expenditures of CAD 15.6 million, consisting of CAD 14.3 million in growth capital expenditures and CAD 1.3 million in maintenance capital expenditures. The company estimates revenue for the year ending December 31, 2013 could exceed CAD 215 million. Capital expenditure program of CAD 50 million. The program consists of CAD 41 million in growth capital expenditures to expand the company's equipment fleet, as well as CAD 9 million in maintenance capital expenditures.

ENTREC Corporation announced that they will report Q1, 2013 results at 10:22 PM, GMT Standard Time on May 15, 2013

ENTREC Corporation, Q1 2013 Earnings Call, May 15, 2013