Management is currently evaluating these changing business conditions. Interval 1D. Excluding this amount, cost of sales was $29,137. Comparison. The Company has not recorded a deferred tax asset with respect to the potential deferred tax benefit pertaining to losses incurred by its U.S. operations in the current or any prior period.Nine months ended September 30, 2020The Company recorded net income of $4,549, or $0.41 per share for the nine months ended September 30, 2020 compared to net income of $4,067, or $0.37 per share for the corresponding period of 2019. Higher shipments from both the Masonry Products and Landscape Products business segments were supported by strong customer demand. Readers are cautioned not to place undue reliance on forward-looking statements.Brampton Brick Limited is Canada’s second largest manufacturer of clay brick, serving markets in Ontario, Quebec and the Northeast and Midwestern United States from its brick manufacturing plants located in Brampton, Ontario and Farmersburg, Indiana. This reduction was primarily due to comparatively lower inventories held, higher collections of trade and other receivables and lower income tax instalment payments. Investors can use this forecasting interface to forecast BRAMPTON BRICK historical stock prices and determine the direction of BRAMPTON BRICK LTD's future trends based on various well-known forecasting models. As at June 30, 2020, no additional allowance for doubtful accounts was recognized. Product representation shown on this site are intended to convey the general color, texture and apperance of the product. However, solely looking at the historical price movement is usually misleading. Brampton Brick products transform neighbourhoods, towns, and communities. This financial covenant was replaced with a liquidity requirement for each of the two fiscal quarters. #29 PO Box … The City of Brampton offers more services including burials, flat marker setting, vase assembling, and installing the foundation for upright monuments. All mixes are performance based using type GU Portland and supplementary cementitious products. Telephone: (905) 840-1011. For the same period of 2019, $5,479 was utilized for purchases of property, plant and equipment, which included an initial cash payment of $2,083 towards the business acquisition of the concrete block manufacturing plant located in Cambridge, Ontario, for a total price consideration of $6,250, excluding inventory.Capital expenditures for machinery and equipment totaled $2,914 for the nine-month period of 2020, compared to $4,026 for the same period in 2019. What's Nearby? The Company’s revenues from shipments to commercial developments were also affected during this period, as most infrastructure developments were deemed non-essential businesses during the first stage of the economic shutdown. 6765 Kennedy Rd, Mississauga, ON L5T 0A2 Get directions. 6765 Kennedy Rd, Mississauga, ON L5T 0A2 Get directions. During the first quarter of 2019, cash utilized for asset purchases included an initial cash payment of $2,083 for the acquisition of the concrete block manufacturing plant located in Cambridge, Ontario, for a total price consideration of $6,250, excluding inventory.Capital expenditures for machinery and equipment totaled $2,280 for the six-month period of 2020, compared to $3,346 for the same period in 2019. Markham 455 Rodick Road. The Company continues to actively monitor this rapidly evolving situation.In March 2020, the Company’s operations at its Farmersburg, Indiana facility were deemed essential businesses by government officials and continued operating throughout the second quarter following the executive order issued under the state of Indiana’s Emergency Management and Disaster Law to residents to shelter in place. This decrease in selling expenses was due to a decrease in promotional activities as described above in the “Discussion of Operations” for the three months ended June 30, 2020.Operating income for the six months of 2020 decreased to $878 compared to $1,696 for the same period of 2019.CASH FLOWSCash used for operating activities decreased to $3,074 for the six months ended June 30, 2020 compared to $9,927 for the corresponding period in 2019. FORWARD-LOOKING STATEMENTSCertain statements contained herein constitute “forward-looking statements”. The ratio of total liabilities to shareholders’ equity was 0.52:1 at September 30, 2020, compared to 0.48:1 at December 31, 2019. Higher consultancy fees related to the Company’s ERP systems and operations’ optimization projects were offset by lower personnel costs incurred in the current period compared to the corresponding period of 2019. Excluding the $343 credited to cost of sales under the CEWS program, cost of sales for the six-month period in 2020 was $13,484. BRAMPTON, Ontario, May 12, 2020 -- Brampton Brick Limited (TSX:BBL.A) today reported a net. Line. To assure maximum financial liquidity and flexibility, the Company drew down $20,000 of the maximum $22,000 available under its operating credit facility. Importantly, a vibrant surge in consumer activity from pent-up demand associated with the post-lockdown period favourably impacted revenues for the third quarter of 2020. Prices are in effect starting December 1, 2020 . The book value is essentially the tangible accounting value of a firm compared to the market value that is shown. If you want to compound wealth in the stock market, you can do so by buying an index fund. Accordingly, an evaluation of customer credit risk did not indicate any significant potential payment deferrals or delinquencies due to the pandemic-related business restrictions experienced during the first half of 2020. There can be no assurance that such forward-looking statements will prove to be accurate.Such forward-looking statements are based on information currently available to management, and are based on assumptions and analyses made by management in light of its experience and its perception of historical trends, current conditions and expected future developments, including, among others, assumptions regarding pricing, weather and seasonal expectations, production efficiency, and there being no significant disruptions affecting operations or other material adverse changes.Such forward-looking statements also involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. The fee list details the cost for memorials, markers, installing markers, disinterment (digging up), and other supplies and services. Shipments during the months of April and May 2020 decreased compared to the same months of 2019 due to COVID-19 restrictions on residential and commercial construction imposed in Ontario and Quebec from mid-March 2020. Excluding the credit of $344 recognized under the CEWS program, selling expenses decreased to $2,558 during the current quarter from $3,291 for the corresponding period of 2019. However, with the resurgence in COVID-19 cases in certain regions of Ontario in early-October, the provincial government announced new capacity restrictions for certain businesses and community services. The increase in costs of sales was due to higher per unit manufacturing costs on lower production volumes, related to the COVID-19 shutdowns. As noted above, excluding the credit of $344 recognized under the CEWS program, selling expenses were $8,664 during the current period. 63 Iron Block Dr is a house in Brampton, ON L7A 0K2. Shipments decreased during the shutdown period of the pandemic from mid-March to mid-May 2020 due to certain restrictions on construction and development activity under the state of emergency imposed in Ontario and Quebec, as well as in the state of Michigan. To complement the clay brick product line, the Company also manufactures a range of concrete masonry products, including concrete brick and block as well as stone veneer products. CBM reserves the right to increase prices due to project type and/or volume requirements. Brampton is considered as part of the Peel Region, a regional municipality made up of Brampton, Mississauga and Caledon. Schut’s has been a proud supplier of Brampton Brick since 1987 and we stock many of their brick options to serve our customers better. The increase in costs of sales was due to higher per unit costs on lower production volumes, related to the COVID-19 shutdowns which were reduced for the reasons highlighted above.Selling expenses decreased during the first six months of 2020 to $3,784 compared to $4,325 for the same period of 2019. As a result, production levels in the Company’s production facilities were impacted from mid-March until mid-May. The company operates through two segments, Masonry Products and Landscape Products. Canada. Due to the impact of COVID-19, management has completed a preliminary assessment of the external and internal indicators of impairment, as per IAS 36, Impairment of Assets. The increase in interest expense was partially offset by an increase in interest income on the short-term investment of $20,000, as well as from higher cash balances held during the period and lower interest expense on lower term loan balances outstanding under the Company’s banking credit facilities. Markham, ON L6G 1B2. As noted above, excluding the credit of $281 recognized under the CEWS program, general and administrative expenses were $3,972 during the current period due to lower bad debt provisions, partially offset by higher consultancy fees related to the Company’s on-going ERP systems and operations’ optimization projects.Other income for the six-month period ended June 30, 2020 was $161, compared to other expense of $280 for the corresponding period of 2019. To assure maximum financial liquidity and flexibility, the Company drew down $20,000 of the maximum $22,000 available under its operating credit facility. This decrease in selling expenses was due to a decrease in promotional activities as described above in the “Discussion of Operations” for the three months ended June 30, 2020.General and administrative expenses decreased during the first six months of 2020 to $2,873 compared to $3,671 for the same period of 2019 for the same reasons described above under the section entitled “Discussion of Operations” for the six months ended June 30, 2020.Operating loss for the first half of 2020 was $1,270, compared to an operating income of $728 for the corresponding six months of 2019.LANDSCAPE PRODUCTSRevenues of the Landscape Products business segment for the three months ended June 30, 2020 was $14,658, compared to $15,208 for the same quarter of 2019. Settings. Dave Carter . Brampton Brick Limited Acknowledges BBL Acquisitions Inc.'s Intention to Make Cash Offer for All Class A Subordinate Voting Shares PR Newswire 11/26 18:07 ET. BBL.A. Bee Vectoring Technologies International Inc, Brampton Brick Limited Announces Insider Bid and Abridgement of Deposit Period, BBL Acquisitions Inc. and Brampton Brick Limited Announce Entering into of Support Agreement, Canadian Council for Aboriginal Business receives $500,000 investment from Facebook Canada to support Indigenous-owned businesses, Brampton Brick Acknowledges BBL Acquisitions' Intention to Make Cash Offer, The Brampton Brick (TSE:BBL.A) Share Price Is Up 91% And Shareholders Are Holding On, Brampton Brick Limited Acknowledges BBL Acquisitions Inc.'s Intention to Make Cash Offer for All Class A Subordinate Voting Shares, BBL Acquisitions Inc. The aggregate weighted average number of Class A Subordinate Voting shares and Class B Multiple Voting shares outstanding for the second quarter of 2020 and 2019 were 11,009,054 and 11,006,363, respectively.DISCUSSION OF OPERATIONSThree months ended June 30, 2020Revenues for the second quarter of 2020 were $36,697, compared to $42,604 for the same quarter of 2019. (All amounts are stated in thousands of Canadian dollars, except per share amounts.) This increase in per unit cost above normal production cost levels for manufactured product held in inventory was charged to cost of sales.Selling expenses decreased during the second quarter of 2020 to $1,453 compared to $2,181 for the same quarter of 2019. Share. Brampton Brick Limited was founded in 1871 and is headquartered in Brampton, Canada. The aggregate weighted average number of Class A Subordinate Voting shares and Class B Multiple Voting shares outstanding for the third quarter of 2020 and 2019 were 11,009,054 and 10,997,054, respectively.DISCUSSION OF OPERATIONSThree months ended September 30, 2020Revenues for the third quarter of 2020 increased to $52,073, from $46,750 for the same quarter of 2019. In addition, under the banking credit agreement, $3,250 was utilized (December 31, 2019 – Nil) under the committed capital expenditure credit facility which provides up to a maximum amount of $5,000 as at June 30, 2020.The Company’s credit facility is subject to certain financial covenants. SELECTED FINANCIAL INFORMATION(unaudited)(in thousands of Canadian dollars)CONDENSED INTERIM CONSOLIDATED BALANCE SHEETS September 30 2020December 31 2020       ASSETS Current assets     Cash and cash equivalents $43,236 $30,953  Trade and other receivables  27,328  16,520  Inventories  27,860  33,354  Other assets  1,567  1,018  Income tax recoverable  -  1,338  Current derivative financial instrument  -  21     99,991  83,204  Non-current assets     Property, plant and equipment  156,394  159,326  Non-current derivative financial instrument  -  19  Other assets  15  24     156,409  159,369        Total assets $256,400 $242,573        LIABILITIES      Current liabilities        Trade payables $18,360 $16,350  Income tax payable  2,697  -  Current portion of debt  3,609  3,223  Current derivative financial instrument  297  -  Current provision on share appreciation rights  569  492  Other liabilities  5,406  3,239     30,938  23,304        Non-current liabilities     Non-current portion of debt  35,322  33,933  Non-current derivative financial instrument  68  -  Non-current provision on share appreciation rights  91  161  Decommissioning provisions  6,189  6,102  Deferred tax liabilities  15,160  15,713     56,830  55,909        Total liabilities $87,768 $79,213        EQUITY     Share capital $34,236 $34,130  Contributed surplus  3,168  3,204  Accumulated other comprehensive income  9,612  8,959  Retained earnings  121,616  117,067  Total equity  $168,632 $163,360        Total liabilities and equity  $256,400 $242,573  SELECTED FINANCIAL INFORMATION(unaudited)(in thousands of Canadian dollars, except per share amounts) Three months endedNine months ended  September 30,September 30, CONDENSED INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) 2020  2019  2020  2019                Revenues$52,073 $46,750 $109,799 $108,710        Cost of sales 37,388  37,493  87,308  85,648  Selling expenses 2,881  3,144  8,320  9,778  General and administrative expenses 1,801  1,487  5,492  5,886  (Gain) loss on disposal of property, plant and equipment (23) (15) (23) 884  Other expense (income) 64  (128) (97) 152  Gain from bargain purchase of concrete block business -  -  -  (573)   42,111  41,981  101,000  101,775        Operating income 9,962  4,769  8,799  6,935  Finance expense (234) (252) (1,327) (1,154) Income before income taxes 9,728  4,517  7,472  5,781  (Provision for) recovery of income taxes     Current (2,712) (1,045) (3,476) (1,832) Deferred 71  (196) 553  118    (2,641) (1,241) (2,923) (1,714)       Net income for the period$7,087 $3,276 $4,549 $4,067        Other comprehensive income (loss)     Items that will be reclassified subsequently to profit or loss when specific conditions are met:     Foreign currency translation (loss) gain$(458)$427 $653 $(1,014) Total comprehensive income for the period$6,629 $3,703 $5,202 $3,053        Net income per Class A Subordinate Voting share and     Class B Multiple Voting share$0.64 $0.30 $0.41 $0.37        Weighted average Class A Subordinate Voting shares and     Class B Multiple Voting shares outstanding (000’s) 11,009  10,997  11,008  10,989  SELECTED FINANCIAL INFORMATION(unaudited)(in thousands of Canadian dollars) Nine months ended  September 30 CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS 2020  2019  Cash provided by (used for)            Operating activities       Net income for the period$4,549 $4,067  Items not affecting cash and cash equivalents   Depreciation 6,738  6,885  Current taxes provision 3,476  1,832  Deferred taxes recovery (553) (118) (Gain) loss on disposal of property, plant and equipment (23) 884  Unrealized foreign currency exchange (gain) loss (100) 215  Gain from bargain purchase of concrete block business -  (573) Net interest expense 922  914  Derivative financial instrument loss 405  240  Other 14  (81)   15,428  14,265      Changes in non-cash items   Trade and other receivables (10,790) (8,830) Inventories 5,796  (38) Other assets (534) (599) Trade payables 2,477  (253) Other liabilities 2,173  1,157    (878) (8,563)     Net income tax refund (payment) 559  (2,105) Cash provided by operating activities 15,109  3,597      Investing activities   Purchase of property, plant and equipment (3,847) (5,479) Proceeds from repayments of loans receivable -  64  Proceeds from disposal of property, plant and equipment 68  217  Cash used for investment activities (3,779) (5,198)     Financing activities   Increase in bank operating advances 20,000  -  Payment of bank operating advances (20,000) -  Proceeds from committed capital expenditure credit facility 3,250  -  Proceeds from the U.S. SBA Paycheck Protection Program 1,254  -  Payment of term debt and promissory notes (2,449) (1,170) Interest paid (843) (658) Payments on obligations under leases (333) (482) Proceeds from exercise of stock options 87  238  Repurchase of Class A Subordinate Voting shares -  (89) Cash provided by (used for) financing activities 966  (2,161) Foreign exchange on cash held in foreign currency (13) (46) Increase (decrease) in cash and cash equivalents 12,283  (3,808) Cash and cash equivalents at the beginning of the period 30,953  27,043  Cash and cash equivalents at the end of the period$43,236 $23,235  SELECTED FINANCIAL INFORMATION(unaudited)(in thousands of Canadian dollars)CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY         Share Capital  Contributed Surplus  Accumulated Other Comprehensive Income (loss)  Retained Earnings  Total Equity          Balance - January 1, 2019$33,909 $3,218 $10,947 $124,046 $172,120         Net income for the period -  -  -  4,067  4,067  Other comprehensive loss   (net of taxes, $nil) -  -  (1,014) -  (1,014) Total comprehensive (loss)   income for the period -  -  (1,014) 4,067  3,053  Stock options exercise 277  (39) -  -  238  Share-based compensation -  18  -  -  18  Repurchase of Class A Subordinate      Voting shares (52) -  -  (37) (89) Balance - September 30, 2019$34,134 $3,197 $9,933 $128,076 $175,340                Balance - January 1, 2020$34,130 $3,204 $8,959 $117,067 $163,360         Net income for the period -  -  -  4,549  4,549  Other comprehensive income   (net of taxes, $nil) -  -  653  -  653         Total comprehensive income   for the period -  -  653  4,549  5,202  Stock options exercised 106  (19) -  -  87  Share-based compensation -  (17) -  -  (17) Balance - September 30, 2020$34,236 $3,168 $9,612 $121,616 $168,632   For more information please contact:Jeffrey G. Kerbel, President and Chief Executive Officer or Trevor M. Sandler, Vice-President, Finance and Chief Financial Officer Brampton Brick Limited Tel: (905) 840-1011 Fax: (905) 840-1535 e-mail: investor.relations@bramptonbrick.com. The increase in interest expense was for the same reasons noted above under the “Discussion of Operations” for the three months ended June 30, 2020.The provision of income taxes totaled $282 for the first six months of 2020 compared to a provision of income taxes of $473 for the comparative period of 2019. Lower legal fees and a lower bad debt provision partially offset an increase in consulting fees related to the Company’s ERP systems and operations’ optimization projects.Other expense for the three-month period ended June 30, 2020 was $244, compared to $148 for the corresponding quarter of 2019. © 2021 Verizon Media. This increase in the ratio was primarily due to an increase in bank operating advances, the drawdown on the capital expenditure debt facility, the U.S. PPP loan and the decrease in operating results for the period. Admin Fax: (905) 840-1535. Quicklinks. Prices on this website are for online purchases only. There can be no assurance that such forward-looking statements will prove to be accurate.Such forward-looking statements are based on information currently available to management, and are based on assumptions and analyses made by management in light of its experience and its perception of historical trends, current conditions and expected future developments, including, among others, assumptions regarding pricing, weather and seasonal expectations, production efficiency, and there being no significant disruptions affecting operations or other material adverse changes.Such forward-looking statements also involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Indicators. Brampton Brick Limited 225 Wanless Drive. As at September 30, 2020 and September 30, 2019, the Company was in compliance with all the financial covenants under its term financing agreement and operating credit facility and anticipates that it will maintain compliance throughout 2020.As at September 30, 2020, the Company recognized $2,255 under the Canada Emergency Wage Subsidy (“CEWS”) program, of which $1,630 was credited to Cost of sales, $344 was credited to Selling expenses and $281 was credited to General and administrative expenses.