Day: March 24, 2020

Steelcase Reports on Fourth Quarter and Fiscal 2020 Results and Actions to Maximize Liquidity and Conserve Capital

Written by Customer Service on March 24, 2020. Posted in Earnings Releases And Operating Results.

Fourth quarter results reflect strong performanceRevenue grew 4% to $946.2 millionEPS improved 189% to $0.55; adjusted EPS improved 34% to $0.39EMEA posts $8.3 million of operating income and 4.5% operating marginYear-end liquidity topped $700 million; additional $250 million borrowed under new credit facility in MarchActions being taken to significantly reduce cash outflowsGRAND RAPIDS, Mich., March 24, 2020 (GLOBE NEWSWIRE) — Steelcase Inc. (NYSE: SCS) today reported fourth quarter revenue of $946.2 million and net income of $66.5 million, or diluted earnings of $0.55 per share, which included a $21.0 million gain and $8.7 million tax benefit related to the sale of PolyVision Corporation on February 24, 2020. Excluding those items, net of related variable compensation expense, adjusted earnings were $0.39 per share, which represented...

Sono-Tek Announces Preliminary Revenue for Fiscal 2020 of $15.4 Million, 32% Year-over-Year Increase and Provides First Quarter 2021 Revenue Guidance

Written by Customer Service on March 24, 2020. Posted in Public Companies.

Preliminary Net Income is Expected to Reach ~$1.0 Million, a 5-Fold Increase MILTON, NY, March 24, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Sono-Tek Corporation (OTCQX: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced preliminary financial results for the fiscal year ended February 29, 2020.Preliminary sales for the twelve months ended February 29, 2020 were approximately $15.4 million, compared to sales of $11.6 million for the previous fiscal year, an increase of approximately $3.8 million or 32%. The Company’s preliminary net income is expected to reach approximately $1.0 million for the 2020 fiscal year compared to $0.16 million reported for the fiscal year ended February 28, 2019, a five-fold increase.Dr. Christopher L. Coccio, Sono-Tek’s Chairman and CEO, commented, “During...

Jamie Secor to Lead Kinsale’s Commercial Property Division

Written by Customer Service on March 24, 2020. Posted in Public Companies.

RICHMOND, Va., March 24, 2020 (GLOBE NEWSWIRE) — Kinsale Capital Group, Inc. (NASDAQ: KNSL) – Kinsale Insurance Company announced today Jamie Secor’s promotion to Division Manager – Commercial Property. Clay Rhoades, Kinsale Senior Vice President, stated: “Jamie has played an important role in the growth and refinement of our property division. We have great confidence in Jamie and her ability to build and enhance our property operation.”Ms. Secor has held several underwriting positons of increasing responsibility within Kinsale since 2010. She has also held positions with CapSpecialty, James River Insurance Company, and Virginia Farm Bureau. She earned a B.A. degree from the University of North Carolina at Chapel Hill and holds the Chartered Property Casualty Underwriter, Associate in Surplus Lines Insurance, and Registered...

Nasdaq Scheduled Resumption in Golden Bull Limited

Written by Customer Service on March 24, 2020. Posted in Public Companies.

NEW YORK, March 24, 2020 (GLOBE NEWSWIRE) — The Nasdaq Stock Market® (Nasdaq: NDAQ) announced that trading in Golden Bull Limited (Nasdaq: DNJR) is scheduled to resume on Wednesday, March 25, 2020, at 7:00 a.m. Eastern Time. Trading in the company’s stock was halted on November 4, 2019 at 15:12:49 Eastern Time.For news and additional information about the company, please contact the company directly or check under the company’s symbol using InfoQuotesSM on the Nasdaq® Web site.For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com.NDAQONasdaq Media Contact:Bianca FataBianca.Fata@nasdaq.com

Founders Advantage Unwinds Forward Contract, Increases Liquidity

Written by Customer Service on March 24, 2020. Posted in Public Companies.

CALGARY, Alberta, March 24, 2020 (GLOBE NEWSWIRE) — Founders Advantage Capital Corp. (TSX-V: FCF) (“FAC” or the “Corporation”) today announced that it has unwound its forward agreement to purchase $15 million USD in June, 2022 (entered into on December 11, 2019) in exchange for net cash proceeds of CAD$1.47 million. James Bell, President and CEO commented: “As we anticipate that COVID-19 will have some short-term impacts on our investee partners, we wanted to increase liquidity at FAC to allow us more financial flexibility. As our USD denominated credit facility does not mature until June, 2022, we believe that maintaining short-term liquidity is a higher priority than managing our longer term foreign currency risk.”The Corporation maintains the ability to enter into forward contracts to purchase up to USD$25 million in the event...

Whitestone REIT Provides Business Update on Impact of COVID-19

Written by Customer Service on March 24, 2020. Posted in Public Companies.

With Outstanding Assets in Attractive Markets and a Strong Balance Sheet, Whitestone Believes that it Remains Well-Positioned for Long-Term Value CreationTaking Appropriate Actions to Enhance Strength of Business and Financial FlexibilityTaking Prudent Step to Increase Cash Reserves Through a Reduced DividendSuspends Fiscal 2020 GuidanceHOUSTON, March 24, 2020 (GLOBE NEWSWIRE) — Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today provided a business update related to the impact of COVID-19.“The health and safety of our employees, tenants and communities are Whitestone’s top priority,” said Jim Mastandrea, Chairman and Chief Executive Officer. “Given the important role of our shopping centers in the communities we serve, we are carefully monitoring the spread and impact of COVID-19 and taking proactive measures to maintain...

Mondelēz International Joins Ellen MacArthur Foundation’s New Plastics Economy Initiative and The UK Plastics Pact to Accelerate Company’s Transition to a Circular Economy for Plastic

Written by Customer Service on March 24, 2020. Posted in Public Companies.

The initiatives support Mondelēz International’s ambition to create zero net waste packagingAnnouncement furthers Mondelēz International’s 2025 sustainability goalsDEERFIELD, Ill., March 24, 2020 (GLOBE NEWSWIRE) — Mondelēz International, Inc. today announced that it has joined two leading initiatives focused on tackling plastic waste and pollution, as the company accelerates its efforts to reduce its impact on people and the planet.Mondelēz International is now a signatory of the Ellen MacArthur Foundation’s New Plastics Economy Global Commitment, as well as a participant in the New Plastics Economy Initiative, and a member of the UK Plastics Pact. The initiatives share a collective ambition to address plastic waste and pollution at its source, by moving toward a circular economy where plastic stays in the economy and out of the...

BRP GROUP, INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2019 RESULTS

Written by Customer Service on March 24, 2020. Posted in Public Companies.

– Fourth Quarter 2019 Revenue Grows 75% Year-Over-Year (12% Organic Growth) to $36.6 Million –– Full Year 2019 Revenue Grows 73% Year-Over-Year (10% Organic Growth) to $137.8 Million –– Pro Forma 2019 Revenue, Including Revenue from Partnerships in Unowned Period, of $152.6 Million –– Full Year 2019 Organic Plus “MGA of the Future” Revenue Growth of 17% –TAMPA, Fla., March 24, 2020 (GLOBE NEWSWIRE) — BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), a rapidly growing independent insurance distribution firm delivering tailored insurance solutions, today announced its results for the quarter and full year ended December 31, 2019.FOURTH QUARTER 2019 AND SUBSEQUENT EVENT HIGHLIGHTSRevenue increased 75% year-over-year to $36.6 millionOrganic Revenue Growth(1)...

Akers Biosciences Schedules Conference Call to Discuss Licensing Announcement with Premas Biotech for a Coronvirus Vaccine Candidate

Written by Customer Service on March 24, 2020. Posted in Public Companies.

Thorofare, New Jersey, March 24, 2020 (GLOBE NEWSWIRE) — Akers Biosciences, Inc. (the “Company”) (NASDAQ: AKER), a developer of rapid health information technologies, today announced it will hold a conference call to discuss the licensing announcement with Premas Biotech for a Coronvirus vaccine candidate.Global biotech executive, co-founder and managing director at Premas, Dr. Prabuddha Kundu M.D., will discuss the process underway to seek fast track development of a vaccine candidate and related milestones that we hope to achieve and plan to announce as we progress.Conference Call Information:Date: Wednesday, March 25, 2020Time: 11:00 A.M. Eastern Time (ET)Dial in Number for U.S. Callers: 1-877-407-9716Dial in Number for International Callers: 1-201-493-6779Conference ID: 13701016The call will also be accompanied live by webcast...

GLOBAL ATOMIC – LETTER TO SHAREHOLDERS

Written by Customer Service on March 24, 2020. Posted in Public Companies.

TORONTO, March 24, 2020 (GLOBE NEWSWIRE) —Dear Shareholders, Stakeholders and Friends,In view of the COVID-19 pandemic and turbulent financial markets, I want to provide an update on our activities at Global Atomic Corporation.Our sympathies are with anyone directly or indirectly affected by COVID-19, whether they are a family member, friend, first responder, or medical professional. We believe that the steps various nations are adopting to contain this outbreak have consequences, and we hope the best for you and your families.Our business is largely unaffected at this time. Even though we have closed our office, our team is working remotely where possible. Our continued focus on the health and safety of our employees and consultants, the safety of our operations, and the safety of the communities in which we live and work remains...

Day: March 24, 2020

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