Canada's TWC Enterprises Q2 revenue falls on lower home sales

TWC Enterprises

31/07/2026 22:13

Overview
Canada golf club operator's Q2 operating revenue fell 7% yr/yr due to no Highland Gate home sales
Q2 net earnings declined yr/yr, reflecting lower fair value gains on Automotive Properties REIT
Company declared C$0.10 per share dividend payable Sept 15, 2026

Outlook
Company did not provide specific guidance or outlook for future quarters

Result Drivers
NO HOME SALES - Co said Q2 revenue fell due to no Highland Gate home sales, compared to two in prior year
FEWER GOLF ROUNDS - Co said 9% decline in Canadian golf rounds reduced discretionary revenue, citing unusually wet and cold weather
LOWER FAIR VALUE GAINS - Co said net earnings declined due to lower fair market value adjustments of its investment in Automotive Properties REIT

Company press release: ID:nGNXbDxpwR

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Operating Revenue
 
C$57.13 mln
 
Q2 EPS
 
C$0.81
 
Q2 Net Earnings
 
C$19.45 mln
 
Q2 Direct Operating Expenses
 
C$44.14 mln
 
Q2 Net Operating Income
 
C$12.99 mln
 

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July 30 - Dream Finders Homes Q2 revenue falls on lower prices

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)