Mr. Charles Dutil reports

MANAC POSTS A NET INCOME OF $4.3 MILLION ON REVENUES OF $95.9 MILLION FOR THE FIRST QUARTER OF 2015

Manac Inc. had a net income of $4.3-million or 25 cents per share for the first quarter of 2015, compared with a net income of $1.6-million or 10 cents per share for the corresponding period in 2014.

Revenues for the first quarter totalled $95.9-million, compared with $66.2-million for the corresponding period in 2014, an increase of 45 per cent. Adjusted EBITDA (please refer to note 1 below) was $6.1-million, compared with $3.0-million in the first quarter of 2014. The adjusted net income (please refer to note 1 below) for the first quarter of 2015 was $3.1-million, compared with $1.3-million in the same period in 2013. The increase in revenues is attributable in part to the addition of Peerless Ltd. but mainly to an increased production output at the company's three other facilities to address the high level of demand.

"The year 2015 starts very well for Manac, supported by the backlog level at the end of 2014, solid trucking industry dynamic and our increased production levels. The continued decrease of the Canadian dollar during the first quarter of 2015 negatively impacted the company's cost of material, although our hedging strategy has helped mitigate the effect on our results," mentioned Charles Dutil, president and chief executive officer.

The company's backlog remains strong at $165.3-million on March 28, 2015. This compares with $98.4-million on March 29, 2014, and to $173.5-million on Dec. 31, 2014.

Conference call

Manac will hold a conference call with financial analysts, investors and media representatives on Monday, April 27, 2015, at 1:30 p.m. (EDT). A webcast will be available at Manac's website.

To join the conference toll-free, please dial 1-866-865-3087. The conference access code is 25746583.

A replay of the conference call will be available until May 12, 2015, by dialling 1-855-859-2056 and entering conference ID 25746583, followed by the pound key.

(1) Adjusted EBITDA and adjusted net income are non-IFRS (international financial reporting standards) measures that Manac uses to assess its operating performance. Adjusted EBITDA is defined as net income before net finance costs, income tax, depreciation and amortization expense, then excluding items that are not in Manac's normal business. Adjusted net income is defined as net income before items that are not in Manac's normal business, adjusted to reflect the tax effect on these items. For a reconciliation of these non-IFRS measures, please refer to Manac's management discussion and analysis for the first quarter ended March 28, 2015, which has been filed on SEDAR.

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