Day: February 18, 2020

NEW YORK, Feb. 18, 2020 (GLOBE NEWSWIRE) — VORNADO REALTY TRUST (NYSE: VNO) reported today:Quarter Ended December 31, 2019 Financial ResultsNET INCOME attributable to common shareholders for the quarter ended December 31, 2019 was $193,217,000, or $1.01 per diluted share, compared to $100,494,000, or $0.53 per diluted share, for the prior year’s quarter. Adjusting for the items that impact period-to-period comparability listed in the table on the following page, net income attributable to common shareholders, as adjusted (non-GAAP) for the quarters ended December 31, 2019 and 2018 was $56,381,000 and $49,436,000, or $0.29 and $0.26 per diluted share, respectively.FUNDS FROM OPERATIONS (“FFO”) attributable to common shareholders plus assumed conversions (non-GAAP) for the quarter ended December 31, 2019 was $311,876,000,...

SAN ANTONIO, Feb. 18, 2020 (GLOBE NEWSWIRE) — Valero Energy Corporation (NYSE: VLO) (“Valero”) announced today that members of company management will attend the Bank of America Merrill Lynch Refining Conference on Wednesday, March 11, 2020.   About ValeroValero Energy Corporation, through its subsidiaries (collectively, “Valero”), is an international manufacturer and marketer of transportation fuels and petrochemical products. Valero is a Fortune 50 company based in San Antonio, Texas, and it operates 15 petroleum refineries with a combined throughput capacity of approximately 3.1 million barrels per day and 14 ethanol plants with a combined production capacity of 1.73 billion gallons per year. The petroleum refineries are located in the United States (U.S.), Canada and the United Kingdom (U.K.), and the ethanol plants are located...

HOUSTON, Feb. 18, 2020 (GLOBE NEWSWIRE) — Gulf Island Fabrication, Inc. (“Gulf Island” or the “Company”) (NASDAQ: GIFI) will report fourth quarter 2019 results after the market close on Wednesday, March 4, 2020.The Company will host a conference call on Wednesday, March 4, 2020, at 4:00 p.m. Central Time (5:00 p.m. Eastern Time). On the call, Richard Heo, President and CEO, and Westley Stockton, Executive Vice President and CFO, will review the Company’s financial results.The call will be available by webcast and can be accessed on Gulf Island’s website at http://www.gulfisland.com. Participants may also join the call by calling 1.800.367.2403 and requesting the “Gulf Island” conference call.  A replay of the webcast will be available on the Company’s website for seven days after the call.About Gulf IslandGulf Island is a...

NEW YORK, Feb. 18, 2020 (GLOBE NEWSWIRE) — Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the “Company”) today announced that Joe Adams, FTAI Chief Executive Officer, will present at the J.P. Morgan 2020 Global High Yield & Leveraged Finance Conference at 9:40AM (ET) on Tuesday, February 25, 2020 at the Loews Miami Beach hotel.Interested investors may access the Company’s presentation materials posted in the Investor Relations section of the Company’s website, www.ftandi.com.About Fortress Transportation and Infrastructure Investors LLCFortress Transportation and Infrastructure Investors LLC owns and acquires high quality infrastructure and equipment that is essential for the transportation of goods and people globally. FTAI targets assets that, on a combined basis, generate strong and stable cash flows...

Consolidated revenues were $677 million for the fourth quarter of 2019, up 10.2%, and up 5.4% on an organic constant currency (OCC) basis.Net income was $132 million for the fourth quarter of 2019, down 9.6%. Adjusted EBITDA, a non-GAAP measure, was $319 million, up 10.3%, and up 9.0% on an OCC basis.Diluted GAAP earnings per share (GAAP EPS) were $0.80 for the fourth quarter of 2019. Diluted adjusted earnings per share (adjusted EPS), a non-GAAP measure, were $1.13.Net cash provided by operating activities was $176 million for the fourth quarter of 2019, up 1.7%. Free cash flow, a non-GAAP measure, was $112 million, up 16.0%.The company paid a cash dividend of 25 cents per share on December 31, 2019. The company’s Board of Directors has approved an increase in our cash dividend to 27 cents per share payable on March 31, 2020.The company...

U.S. FDA Special Protocol Assessment agreement for a single pivotal Phase 3 clinical trial (PRECISION-AF) of genetically-targeted GencaroPRECISION-AF clinical trial initiation anticipated fourth quarter of 2020Trial to evaluate Gencaro as a potential treatment for prevention of atrial fibrillation in a heart failure population for which there are no FDA indicated drug therapiesWESTMINSTER, Colo., Feb. 18, 2020 (GLOBE NEWSWIRE) — ARCA biopharma, Inc. (Nasdaq: ABIO), a biopharmaceutical company applying a precision medicine approach to developing genetically-targeted therapies for cardiovascular diseases, today reported financial results for the year ended December 31, 2019 and provided a corporate update.Dr. Michael Bristow, ARCA’s President and Chief Executive Officer, commented, “During 2019, we continued to advance development...

CAMBRIDGE, Mass., Feb. 18, 2020 (GLOBE NEWSWIRE) — CarGurus, (Nasdaq: CARG) a leading automotive marketplace, today announced it received “Top Rated” Awards for both New Car and Used Car Advertising in the tenth annual DrivingSales Dealer Satisfaction Awards. CarGurus received a top dealer satisfaction ranking in both the new and used car leads categories, as determined by the thousands of auto dealers who are part of the DrivingSales.com community. “For the fifth consecutive year, CarGurus is proud to have won Dealer Satisfaction Awards for both our new and used car advertising products,” said Ashley Karr, Vice President of B2B Marketing at CarGurus. “This is a tremendous honor and we will strive to continue to earn the trust of the DrivingSales community as we find ways to help improve dealerships’ businesses.”CarGurus...

LIVERMORE, Calif., Feb. 18, 2020 (GLOBE NEWSWIRE) — To address the wafer test challenges of 2.5/3D advanced packaging technologies, FormFactor, Inc. (NASDAQ:FORM), a leading semiconductor test and measurement supplier, today introduced the Altius™ vertical MEMS probe card. Altius supports ultra-low force probing at 45 µm grid-array contact pitch, with a scalable roadmap for future IC package pitch reduction. It enables cost-effective wafer or die test of a variety of components in a heterogenous integrated system, from validating at-speed performance of high bandwidth memory (HBM), to ensuring the integrity of high-density interconnects such as silicon interposers and embedded bridges.  Adoption of advanced packaging is accelerating as the benefit of the classic Moore’s Law transistor shrink diminishes. Advanced packages enable...

Denver, CO, Feb. 18, 2020 (GLOBE NEWSWIRE) — Intrepid Potash Inc. (NYSE: IPI) plans to release its fourth quarter 2019 financial results on Monday, March 2, 2020, after the market closes. Intrepid will host a conference call on Tuesday March 3, 2020 at 10:00 a.m. Eastern Time to discuss the results and other operating and financial matters and to answer investor questions.Management invites you to listen to the conference call by using the dial-in number 1-800-319-4610 from the U.S. and Canada, or +1-631-891-4304 from other countries. The call will also be streamed live on Intrepid’s website, intrepidpotash.com.A recording of the conference call will be available approximately two hours after the completion of the call at intrepidpotash.com or by dialing 1-800-319-6413 from the U.S. and Canada, or +1-631-883-6842 from other...