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Its regional operating terminals rent, sell, service, and provide ancillary products and services including turn-key operated camps to a wide array of customers in the resource, infrastructure, construction, disaster recovery, and education sectors. With respect to the forward-looking statements in the news release, Black Diamond has made assumptions regarding, among other things: future commodity prices, that Black Diamond will continue to conduct its operations in a manner consistent with past operations, that counter-parties to contracts will perform the contracts as written and that there will be no unforeseen material delays in contracted projects. The Company has deferred uncommitted or uncontracted capital which is expected to take effect in the second half of the year. As a result of the pandemic and physical distancing measures, over the last month and a half, Black Diamond has seen an increase in demand for certain products and services both within the MSS and WFS segments. Southeast as a result of ongoing economic development in the region. The Company is also seeing increased demand for square footage at existing facilities to facilitate physical employee-distancing on site. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and Black Diamond does not undertake any obligation to update or revise any of the forward-looking statements, except as may be required by applicable securities laws. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of Black Diamond. While the Company is taking a modest pause on growth in hiring in this platform, we are redoubling our efforts to develop and improve the technology, operating processes, and user experience in anticipation of a resumption of the marketplace expansion when travel restrictions are eased. The Company's Australian assets remain highly utilized and stable with healthy recurring rental revenue. Spectrum's asset base includes high-quality modular buildings backed by a high performing team with deep expertise and relationships in the region. Readers are cautioned that assumptions used in the preparation of such statements may prove to be incorrect.

All financial figures are expressed in Canadian dollars. WFS through its principal brands, Black Diamond Camps and Black Diamond Energy Services, owns a large rental fleet of modular accommodation assets of all types and sizes and a fleet of liquid and please click for source containment assets.

Email Print Friendly Share. GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

This resulted in the suspension of all non-essential business travel and events, self-quarantine for any individuals that had recently traveled by air, and work from home options for any employees not required to be on site at the field level, among other initiatives.

Forward-Looking Statements Certain information set forth in this news release contains forward-looking statements including, but not limited to, the amount of funds that will be expended on the capital plan, how such capital diamond millions 2020 be expended, expectations for asset sales, diamond millions 2020 assessment of Black Diamond's future operations and what may have an impact on them, financial performance, business prospects and opportunities, changing operating environment including the impact of COVID, amount of revenue anticipated to be derived diamond millions 2020 current contracts, anticipated debt levels, economic life of the Company's assets, future growth and profitability of the Company and realization of the anticipated benefits of acquisitions and sales.

We operate in Canada, the United States, and Australia. Sales and non-rental revenue can fluctuate quarter-to-quarter as the timing of certain custom sales projects can vary.

LodgeLink, Black Diamond's digital diamond millions 2020 platform for workforce travel and accommodation, continues to scale, with unique corporate customers and almost 1, properties, representing approximatelyrooms of capacity listed at the end of the Quarter.

The WFS business unit has continued to diversify its operations with recent equipment having been mobilized into eastern Canada under contract. Learn more at www. However, given the usual seasonal slow-down in the second quarter, combined with the current disruption caused by COVID, the Company expects overall WFS segment performance to weaken in the near-term.

Three months ended March 31.

Its network of local branches rent, sell, service, and provide ancillary products and services to a diverse customer base in the construction, industrial, education, financial, and government sectors. Formats available: Original Medium Small. Black Diamond Group Limited. These products include testing or pre-screening facilities, hand-wash or sanitization stations, field hospitals, and quarantine centers, among others. Additional information on these and other factors that could affect Black Diamond's operations and financial results are included in Black Diamond's annual information form for the year ended December 31, and other reports on file with the Canadian Securities Regulatory Authorities which can be accessed on SEDAR. Overall, MSS performance is expected to remain relatively stable in the near-term and as the global economy begins to re-start in the coming months, Management expects a resumption of steady growth in this segment. Subscribe via ATOM. Our diversification strategy over the last several years, particularly in our MSS business unit, is expected to result in comparative stability throughout the current difficult operating environment. Subscribe via RSS. While room bookings contracted year-over-year due to slowing travel and accommodation activity in March caused by COVID related restrictions, gross booking revenue grew modestly due to the introduction of additional services and continued diversification of the customer base. Despite the near-term disruption to certain of the Company's markets caused by the COVID pandemic, the Company remains committed to executing on its long-term strategy of growth and diversification. The MSS business has remained stable to date. Following the Spectrum acquisition, Black Diamond now has over units in the area and expects to see continued growth in the U. As such, the pace of capital deployment is expected to slow until there is more end market certainty with respect to the COVID pandemic. Register Sign In. These risks include, but are not limited to: the impact of general economic conditions, industry conditions, fluctuation of commodity prices, the impact of the COVID pandemic, the Company's ability to attract new customers, failure of counterparties to perform on contracts, industry competition, availability of qualified personnel and management, timely and cost effective access to sufficient capital from internal and external sources, political conditions, dependence on suppliers and stock market volatility. While recent macroeconomic shocks have presented near-term challenges in parts of our platform, Management believes the Company is well-equipped to weather any near-term or even prolonged weakness in end-markets. Readers are cautioned not to place undue reliance on these forward-looking statements. The risks outlined above should not be construed as exhaustive. Further, the Company's ABL credit facility provides ample flexibility and liquidity at attractive rates and is termed up until October A copy of the Company's unaudited interim condensed consolidated financial statements for the three month periods ended March 31, and and related management's discussion and analysis have been filed with the Canadian securities regulatory authorities and may be accessed through the SEDAR website www. Although Black Diamond believes that the expectations reflected in the forward-looking statements contained in this news release, and the assumptions on which such forward-looking statements are made are reasonable, there can be no assurances that such expectations or assumptions will prove to be correct. During the Quarter, the Company announced the acquisition of Spectrum, based in Gainesville, Georgia. The medium-to-longer term opportunity set for the Company's large-camp assets continues to see several outstanding bids and potential contracts throughout our operating regions being contemplated. The safety and well-being of our employees and communities remains of highest priority and the Company will continue to monitor the situation and work with our customers and vendors to ensure interruption to essential business elements are minimized. While the Company expects certain elements of the MSS business to soften due to deferral of a handful of custom sales projects, the core rental revenue driven by our MSS assets is expected to remain healthy owing to the diversified nature of our customers, geographies and end-markets. Readers are cautioned that these non-GAAP measures are not alternatives to measures under IFRS and should not, on their own, be construed as an indicator of the Company's performance or cash flows, a measure of liquidity or as a measure of actual return on the common shares of the Company.