Day: April 23, 2020

WOBURN, Mass., April 23, 2020 (GLOBE NEWSWIRE) — NeuroMetrix, Inc. (Nasdaq: NURO) today reported financial and business highlights for the quarter ended March 31, 2020.  The Company is a leading developer of neurostimulation-based medical devices that are used to diagnose and treat chronic health conditions.Q1 2020 Highlights:Total revenue in Q1 2020 was $2.2 million.  Revenue was adversely impacted by a drop-off in business activity in March due to the COVID-19 pandemic. Q1 2020 gross margin was $1.6 million or 71.4%, which is the highest gross margin percentage that Company has achieved since 2009. DPNCheck® revenue was a record $1.3 million despite the sales drop-off in March.  Substantial progress was made on the second generation DPNCheck system that is targeted for launch in late 2020.  This product will position the DPNCheck...

CARGOTEC CORPORATION, Q1 2020 INTERIM REPORT, 23 APRIL 2020 AT 2:00 PM EESTCargotec’s interim report January–March 2020: Poor visibility in the challenging environmentCoronavirus pandemic, increased uncertainty and the pandemic-related governmental actions have negatively impacted Cargotec’s business environment, orders, operations, supply chain, and deliveries. The pandemic’s impact was evident on all business areas, especially in orders as well as in Hiab’s sales and resultCargotec’s liquidity is strong, measures to ensure profitability are underwayService and software business continued to develop favourably January–March 2020 in brief: Orders received declinedOrders received decreased by 24 percent and totalled EUR 781 (1,022) million. Order book amounted to EUR 1,938 (31 Dec 2019: 2,089) million at the end of the period.Sales totalled...

CARGOTEC OYJ, OSAVUOSIKATSAUS TAMMI–MAALISKUU 2020, 23.4.2020 KLO 14.00Cargotecin osavuosikatsaus tammi–maaliskuu 2020: Heikko näkyvyys haastavassa toimintaympäristössäKoronaviruspandemia, kasvanut epävarmuus ja pandemiaan liittyvät viranomaistoimet ovat vaikuttaneet negatiivisesti Cargotecin toimintaympäristöön, tilauksiin, toimintoihin, hankintaketjuun ja toimituksiin. Pandemian vaikutus näkyi kaikissa liiketoiminta-alueissa, erityisesti tilauksissa sekä Hiabin liikevaihdossa ja tuloksessa Cargotecin likviditeetti on vahva, toimenpiteet kannattavuuden turvaamiseksi ovat käynnissä Huolto- ja ohjelmistoliiketoiminnan hyvä kehitys jatkuiTammi–maaliskuu 2020 lyhyesti: Saadut tilaukset laskivatSaadut tilaukset laskivat 24 prosenttia ja olivat 781 (1 022) miljoonaa euroa.Tilauskanta kauden lopussa oli 1 938 (31.12.2019: 2 089) miljoonaa euroa.Liikevaihto...

OLNEY, Md., April 23, 2020 (GLOBE NEWSWIRE) — Sandy Spring Bancorp, Inc., (Nasdaq-SASR), the parent company of Sandy Spring Bank, today reported net income for the first quarter of 2020 of $10.0 million ($0.28 per diluted share) compared to net income of $30.3 million ($0.85 per diluted share) for the first quarter of 2019 and net income of $28.5 million ($0.80 per diluted share) for the fourth quarter of 2019. Earnings for the current quarter were negatively impacted by a provision for credit losses of $24.5 million. Although the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) would permit the Company to delay the adoption of the accounting standard for current expected credit losses (CECL), the Company has elected to adopt CECL as planned, effective January 1, 2020. The provision for credit losses was significantly...

HERSHEY, Pa., April 23, 2020 (GLOBE NEWSWIRE) — The Hershey Company (NYSE: HSY) today announced net sales and earnings for the first quarter ended March 29, 2020.“We had a solid start to the year with our business performing as expected prior to the impact of COVID-19,” said Michele Buck, The Hershey Company President and Chief Executive Officer.  “Our best wishes go out to those being affected by this pandemic, and our heartfelt thanks to those working tirelessly to help us persevere through it.  At Hershey, we have an opportunity to help ensure a steady food supply and create some economic stability for our employees and the farmers, suppliers and partners that rely on us.  We take great pride and passion in our ability to make moments of goodness during this time when physical connection is limited.  The team has demonstrated...

HighlightsRecord net sales for Q1 2020 resulting in both overall and base business sales growth of 13%Q1 2020 diluted EPS of $0.75 compared to $0.80 last year, or excluding tax benefits and non-cash impairments, $0.71 this year compared to $0.59 last yearPOOLCORP sells essential products and has been continuously open in most markets with no major supply chain disruptions anticipatedStrong liquidity with a 1.49 leverage ratio and $552.4 million available under our revolving credit facilityUpdates 2020 earnings guidance to $5.30 – $5.90 per diluted share or $5.45 – $6.05, excluding non-cash impairments, from $6.47 – $6.77 per diluted share previously______________________COVINGTON, La., April 23, 2020 (GLOBE NEWSWIRE) — “As we move from the end of the tumultuous first quarter and into the second, it is an appropriate...

TALLAHASSEE, Fla., April 23, 2020 (GLOBE NEWSWIRE) — Capital City Bank Group, Inc. (NASDAQ: CCBG) today reported net income of $4.3 million, or $0.25 per diluted share for the first quarter of 2020 compared to net income of $8.6 million, or $0.51 per diluted share for the fourth quarter of 2019, and $6.4 million, or $0.38 per diluted share for the first quarter of 2019. Net income for the first quarter of 2020 included a $5.0 million provision for credit losses, which exceeded net loan charge-offs of $1.1 million.  The higher provision reflected a build in reserves due to deteriorating economic conditions related to COVID-19. HIGHLIGHTSDiversified revenue and strong balance sheet buffered impact of COVID-19 and Fed interest rate actionsAverage loans (ex-held for sale) up 0.8% sequentially and 4.2% over 2019Loan loss provision of...

Bhang® Chocolate continues to lead Ontario edibles categoryLONDON, Ontario, April 23, 2020 (GLOBE NEWSWIRE) — Indiva Limited (the “Company” or “Indiva”) (TSXV:NDVA) (OTCQX:NDVAF) is pleased to announce preliminary financial and operating results for the first quarter ending March 31, 2020.“The first quarter of 2020 saw a marked increase in the Company’s sales as a result of receiving our edibles sales licence and beginning to distribute Bhang® Chocolate in Canada,” Niel Marotta, Indiva’s President and Chief Executive Officer, said. “With top-selling edibles, near-national reach and a growing portfolio of proven, trusted brands, we believe this quarter’s preliminary results show that Indiva is on the right track to deliver, not just for consumers, but for our shareholders as well. We look forward to sharing more comprehensive results...