Record backlog grows

Article Excerpt

THE CHURCHILL CORP. $11.43 (Toronto symbol CUQ; TSINetwork Rating: Speculative) (780-454-3667; www.churchillcorporation.com; Shares outstanding: 24.9 million; Market cap: $284.4 million; Dividend yield: 4.2%) has added to its record backlog after two of its divisions won $250 million worth of contracts. The company’s Stuart Olson Dominion Construction subsidiary secured $135 million in new projects, including the Mount Royal University Library in Calgary. And its Commercial Systems segment added another $115 million of new deals. To put these contracts in perspective, Churchill’s total backlog stood at a record $2.12 billion at the end of December 2013, up 25.2% from $1.69 billion a year previous. Churchill Corp. is a hold. hold…