Julbo presents AEROLITE. Specifically designed for women, this highly stylish featherweight frame is a direct descendant of the Aero, their bestseller for trail runners. Fitted with a frameless photochromic lens, it offers the same outstanding grip and venting. A model designed to go far, whatever the conditions.
Distributed by Lanctôt: www.rlanctot.com
Canadian Eye Care Business Review is proud to announce that registration is now open for their first webinar; “The Future of Independent Optometry”. The webinar will be available live on Monday, May 29th from 8 PM to 9PM EDT.
This format will provide optometrists across the country an opportunity to hear from a group of Canadian thought leaders on topics critical to the future of independent optometry.
Drs. Jeff and Tina Goodhew,
Co-Editors of Canadian Eye Care Business Review will host the webinar with the following panelists:
Dr. Daryan Angle
Executive Vice President Chairman of the Board, IRIS The Visual Group, Waterloo ON
Mr. Ken Barbet
Eye Recommend, Chief Executive Officer, Calgary AB
Dr. Altaz Shajani
Practice Owner, North Vancouver BC
Dr. Sheldon Salaba
Practice Owner, Hamilton ON
Dr. Al Ulsifer
CEO and President, FYidoctors, Calgary AB
The questions that will be addressed include:
We are excited to have a discussion such as this on a very important topic, one that is top of mind for many in the industry.
There is no-cost to register. Please reserve your virtual place by registering online:
We look forward to your active engagement.
New Look Vision reported record revenues of $51.0 million and adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of $7.9 million for the first quarter ended April 1, 2017, representing increases of 14.5% and 8.3% respectively over last year. The increases were mainly due to the net addition of 20 stores in the last twelve months as well as same store sales growth of 1.9% over last year.
Adjusted net earnings attributed to shareholders, defined as net earnings adjusted to remove the impact of acquisition-related costs and equity-based compensation, for the first quarter were $2.4 million (or $0.17 per share) compared to $2.2 million last year (or $0.16 per share). Adjusted net earnings per share for the quarter compared to the first quarter of 2016 were up 6.3% (diluted). Net earnings attributed to shareholders were $1.3 million, compared to $1.8 million last year, the decrease being mainly due to higher acquisition costs and equity-based compensation. When these expenses are added back to net earnings, adjusted net earnings show an improvement of $200 thousand.
Cash flow from operating activities before income taxes paid and changes in working capital items was $7.1 million or $0.51 per share in the first quarter of 2017 compared to $6.7 million or $0.49 per share last year. Income tax instalments paid in the first quarter of 2017 were $1.7 million compared to $2.7 million for 2016.
Antoine Amiel, the President of New Look Vision, stated that: “The year is off to a positive start as evidenced by Q1 operating and financial results. Revenues, same store sales, adjusted EBITDA and cash flows showed solid growth. The Adjusted EBITDA percentage was lower than historical levels due principally to higher operating expenses as the company builds the staff and infrastructure necessary to facilitate future growth. During the quarter, the company acquired six additional stores in Toronto, Vancouver and New Brunswick pursuant to its mission to expand its footprint across the country.”
Following the approval of the results of the first quarter of 2017, the Board of Directors of New Look Vision approved the payment of a dividend of $0.15 per Class A common shares payable on June 30, 2017 to the shareholders of record as of June 22, 2017. The dividend has been designated as an “eligible dividend”, that is a dividend entitling shareholders who are Canadian resident individuals to a higher dividend tax credit.
Click HERE for full press release.
With its elegant mix of coloured materials that fit together, the new Tetris by Little Vinyl Factory is a nod to nostalgic retro-gamers, but also to the Live music fans of Normandy who have recognized the name of one of their favorite venues!
Distributed by Optiman: www.optimaninc.com
ZEISS is celebrating the first 6 months of their fiscal year as they saw revenues rise by 10% to €2.55 billion and earnings before interest and after tax rose to €384 million, an improvement on last year’s €280 million.
“ZEISS is benefiting once again from its solid and future-oriented portfolio, and recorded growth across all segments over the same period of the prior year,” says Prof. Dr. Michael Kaschke, President and CEO of Carl Zeiss AG. “Our growth substantiates our aspiration to be a technological leader in optics and optoelectronics.”
All segments of ZEISS’s portfolio (Research & Quality Technology, Medical Technology, Vision Care/Consumer Products, Semiconductor Manufacturing Technology) all reported increased revenue compared to the first half of 2015/2016. The largest change was in semiconductor manufacturing, which saw a +29% increase.
ZEISS group reports that it now employs 26,200 people as of March 31, 2017. 21,200 are employees of ZEISS and a further 5,000 in their eyeglass production process, known as Vision Global Operations.
ZEISS increased investments in research and development by 20% in the first half of 2016/2017, and is planning a “quadruple figure headcount increase” by 2020.
Click HERE for full press release.
Applications are now open for the 2027 Sergio Cereda Eyewear Design Award, inviting emerging designers to submit a three-frame optical or sunglass collection under the theme “The DNA of Design: Eyewear Reimagined.”
Learn More
Safilo Group has completed the acquisition of SPY+ and Serengeti from Bollé Brands, adding two complementary brands to its portfolio and strengthening its position in sport, outdoor and premium performance eyewear.
Read more
Following the first event in the Optometry Practice Strategy Series, the program now turns to its fall lineup of COPE-accredited webinars for Canadian optometrists, with more than 100 registrants already confirmed for each upcoming session.
Read more
Bausch + Lomb’s third annual State of Dry Eye survey suggests that dry eye symptoms may affect emotional wellbeing, stress, productivity and self-confidence, while also highlighting awareness gaps around related health conditions.
Read more
Prevent Blindness has declared July as Dry Eye Month and is offering no-cost educational resources to help the public and allied healthcare professionals better understand dry eye symptoms, risk factors and management.
Read more
Applications are now open for the 2027 Sergio Cereda Eyewear Design Award, inviting emerging designers to submit a three-frame optical or sunglass collection under the theme “The DNA of Design: Eyewear Reimagined.”
Learn More Safilo Group has completed the acquisition of SPY+ and Serengeti from Bollé Brands, adding two complementary brands to its portfolio and strengthening its position in sport, outdoor and premium performance eyewear.
Read More Following the first event in the Optometry Practice Strategy Series, the program now turns to its fall lineup of COPE-accredited webinars for Canadian optometrists, with more than 100 registrants already confirmed for each upcoming session.
Read More Bausch + Lomb’s third annual State of Dry Eye survey suggests that dry eye symptoms may affect emotional wellbeing, stress, productivity and self-confidence, while also highlighting awareness gaps around related health conditions.
Read More Prevent Blindness has declared July as Dry Eye Month and is offering no-cost educational resources to help the public and allied healthcare professionals better understand dry eye symptoms, risk factors and management.
Read More
Applications are now open for the 2027 Sergio Cereda Eyewear Design Award, inviting emerging designers to submit a three-frame optical or sunglass collection under the theme “The DNA of Design: Eyewear Reimagined.”
Learn More Safilo Group has completed the acquisition of SPY+ and Serengeti from Bollé Brands, adding two complementary brands to its portfolio and strengthening its position in sport, outdoor and premium performance eyewear.
Read more Following the first event in the Optometry Practice Strategy Series, the program now turns to its fall lineup of COPE-accredited webinars for Canadian optometrists, with more than 100 registrants already confirmed for each upcoming session.
Read more Bausch + Lomb’s third annual State of Dry Eye survey suggests that dry eye symptoms may affect emotional wellbeing, stress, productivity and self-confidence, while also highlighting awareness gaps around related health conditions.
Read more Prevent Blindness has declared July as Dry Eye Month and is offering no-cost educational resources to help the public and allied healthcare professionals better understand dry eye symptoms, risk factors and management.
Read more Applications are now open for the 2027 Sergio Cereda Eyewear Design Award, inviting emerging designers to submit a three-frame optical or sunglass collection under the theme “The DNA of Design: Eyewear Reimagined.”
Learn More Safilo Group has completed the acquisition of SPY+ and Serengeti from Bollé Brands, adding two complementary brands to its portfolio and strengthening its position in sport, outdoor and premium performance eyewear.
Read more Following the first event in the Optometry Practice Strategy Series, the program now turns to its fall lineup of COPE-accredited webinars for Canadian optometrists, with more than 100 registrants already confirmed for each upcoming session.
Read more Bausch + Lomb’s third annual State of Dry Eye survey suggests that dry eye symptoms may affect emotional wellbeing, stress, productivity and self-confidence, while also highlighting awareness gaps around related health conditions.
Read more Prevent Blindness has declared July as Dry Eye Month and is offering no-cost educational resources to help the public and allied healthcare professionals better understand dry eye symptoms, risk factors and management.
Read more
