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Day: April 23, 2020

Reliance Steel & Aluminum Co. Reports First Quarter 2020 Financial Results

Strong gross profit margin of 30.3%; non-GAAP gross profit margin of 31.9%EPS of $0.92, non-GAAP EPS of $2.45Includes pretax impairment and restructuring charge of $137.5 million, or $1.53 per diluted shareGenerated cash flow from operations of $170.8 million, an increase of 45.7% year-over-yearRepurchased $300.0 million of Reliance common stockMaintains quarterly dividend of $0.625 per shareLOS ANGELES, April 23, 2020 (GLOBE NEWSWIRE) — Reliance Steel & Aluminum Co. (NYSE: RS) today reported its financial results for the first quarter ended March 31, 2020 (in millions, except tons which are in thousands and per share amounts).Management Commentary“We had a strong start to the year following several financial performance records in 2019,” said Jim Hoffman, President and Chief Executive Officer of Reliance. “Overall demand levels...

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Kerr Mines Plans First Phase of 2020 Drilling Program at Copperstone

TORONTO, April 23, 2020 (GLOBE NEWSWIRE) — Kerr Mines Inc. (TSX: KER, OTC: KERMF), (“Kerr” or the “Company”) is pleased to announce its plans for the first phase of its 2020 resource and reserve expansion program which will consist of an initial 5,000 meters and up to 44 holes of both core and reverse circulation drilling at the Copperstone Mine located in Arizona, USA. Based on a very successful 2019 drilling program, this success driven drilling program is comprised of two phases, the first of which totaling 5,000 meters is nearing completion of planning and is targeted to commence in Q2-2020. The total the 2020 resource and reserve expansion drilling program will consist of up to 10,000 meters.The 2020 drilling program, a continuation of the Company’s 2019 resource expansion program, will remain focussed on expansion, by way...

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Centogene Reports Financial Results For Full Year 2019 and Highlights Recent Progress

CAMBRIDGE, Mass. and ROSTOCK, Germany and BERLIN, April 23, 2020 (GLOBE NEWSWIRE) — Centogene N.V. (Nasdaq: CNTG), a commercial-stage company focused on rare diseases that transforms real-world clinical and genetic data into actionable information for patients, physicians and pharmaceutical companies, announced today a corporate update and reported its financial results for the year ended December 31, 2019.€48.8 million in revenues, 21% increase compared to the year ended December 31, 2018, with approximately 51% growth in revenues in the fourth quarter ended December 31, 2019 as compared to the fourth quarter ended December 31, 201828 new pharmaceutical collaborations and 76 total active/completed collaborations as of December 31, 2019 with 39 pharmaceutical partners covering over 45 rare diseasesOver 133,000 order requests received...

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TELA Bio Announces Changes to its Board of Directors

MALVERN, Pa., April 23, 2020 (GLOBE NEWSWIRE) — TELA Bio, Inc. (“TELA Bio”) (Nasdaq: TELA), a commercial stage medical technology company focused on designing, developing and marketing a new category of tissue reinforcement materials to address unmet needs in soft tissue reconstruction, today announced that it has appointed Doug Evans, the President and Chief Executive Officer of Lungpacer Medical Inc., and Lisa Colleran, a principal of LNC Advisors, LLC, to its board of directors effective April 20, 2020.As part of this announcement, Doug Evans will also assume the Chairman of the Board of Directors role from Kurt Azabarzin, who will continue to serve as an independent board member. Furthermore, current board members Ashley Friedman, Matt Zuga, and Ron Ellis will be stepping down. Following these changes, TELA Bio’s...

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LSI Industries Reports Fiscal Third Quarter 2020 Results and Declares Quarterly Cash Dividend

CINCINNATI, April 23, 2020 (GLOBE NEWSWIRE) — LSI Industries Inc. (NASDAQ: LYTS, or the “Company”) a leading U.S. based manufacturer of indoor/outdoor lighting and graphics solutions, today announced results for the fiscal third quarter 2020.Third Quarter 2020 HighlightsSales of $71.0 million reflects shift to higher margin sales mixEPS of $0.07 versus ($0.12) prior yearNet Income $1.9 million compared to Net Loss of ($3.2) million last year EBITDA $4.7 million versus $0.3 million prior yearFree Cash Flow of $3.5 millionNet Debt reduced to $7.1 million, decrease of $35.0 million from prior yearReceived cash proceeds of $7.6 million from facility saleLSI generated improved profitability on modestly lower sales during the fiscal third quarter, given an increased focus on a higher-value sales mix, together with targeted, structural...

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Uxin Announces Entry into Supplemental Agreements with Golden Pacer and Closing of Relevant Transaction

BEIJING, April 23, 2020 (GLOBE NEWSWIRE) — Uxin Limited (“Uxin” or the “Company”) (Nasdaq: UXIN), a leading national online used car dealer in China, today announced it entered into supplemental agreements with Golden Pacer, a leading financial technology platform in China, to modify and supplement certain terms and conditions in connection with the divestiture of Uxin’s loan facilitation related business. Previously on July 12, 2019 and September 30, 2019, the Company announced that it had entered into a binding term sheet and definitive agreements with Golden Pacer relating to the divestiture, respectively. Due to a series of regulations in relation to loan facilitation, lending and debt collection promulgated by relevant authorities in the fourth quarter of 2019 as well as the outbreak of COVID-19 which started in January...

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Savosolar to deliver solar thermal system to AbSolar in France

Savosolar PlcCompany Announcement, Insider information    23 April 2020 at 12.30 p.m. (CEST)Savosolar to deliver solar thermal system to AbSolar in FrancePilot project of EUR 300 thousand signed with AbSOLAR SASExclusivity agreement for designing and delivering solar thermal plant worth ca. EUR 2.5 million signedSavosolar Plc will deliver a solar thermal system of over 900 m2 for AbSOLAR SAS’s pilot project in the city of Cadaujac in France. The value for Savosolar is approximately EUR 300 thousand, final price depending on which options the delivery will consist of. The project still awaits final decision of the French subsidy.At the same time Savosolar Plc signed an exclusivity agreement for designing and delivering AbSOLAR’s second solar thermal plant for a greenhouse. The final decision of this project is planned to be made at the...

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Savosolar toimittaa aurinkolämpöjärjestelmän AbSolarille Ranskaan

Savosolar OyjYhtiötiedote, Sisäpiiritieto            23.4.2020 klo 12.30 (CEST)Savosolar toimittaa aurinkolämpöjärjestelmän AbSolarille RanskaanToimitussopimus AbSOLAR SAS:n kanssa 300 tuhannen euron pilotti-projektistaYksinoikeussopimus aurinkolämpöjärjestelmän suunnittelusta ja toimittamisesta, alustava toimituksen arvo noin 2,5 miljoonaa euroaSavosolar Oyj toimittaa yli 900 m2: n aurinkolämpöjärjestelmän AbSOLAR SAS:n pilottihankkeeseen Cadaujacin kaupunkiin Ranskassa. Savosolarin toimituksen arvo on noin 300 tuhatta euroa, lopullinen hinta riippuen siitä, mitä vaihtoehtoja toimitus sisältää. Projekti odottaa vielä lopullista päätöstä Ranskan tuesta.Samanaikaisesti Savosolar Oyj allekirjoitti yksinoikeussopimuksen AbSOLARin toisen aurinkolämpölaitoksen suunnittelusta ja toimittamisesta kasvihuoneen energian tuotantoa varten.  Lopullinen...

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Rogers Ranked Top Wireless Network in Canada by J.D. Power

TORONTO, April 23, 2020 (GLOBE NEWSWIRE) — In a new study released today from J.D. Power, Canadians rated Rogers first for wireless network quality performance in the West and tied first in Ontario. This study is released at a time when network strength and reliable connectivity are more important than ever as Canadians stay home to limit the impact of COVID-19.“There’s never been a more important time to stay connected and we are incredibly proud that our customers consider us number one in providing connectivity for people, businesses and communities,” said Joe Natale, President and CEO, Rogers Communications. “This award reflects our continued investment and commitment to providing Canadians with fast and reliable networks that power our country from coast-to-coast.”Today, J.D. Power, a global leader in consumer insights, data,...

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J.D. Power classe Rogers au premier rang pour son réseau sans-fil au Canada

TORONTO, 23 avr. 2020 (GLOBE NEWSWIRE) — Dans une nouvelle étude publiée aujourd’hui par J.D. Power, les Canadiens ont classé Rogers pour la qualité et la performance de son réseau sans-fil au premier rang dans l’Ouest et à égalité au premier rang en Ontario. Cette étude est publiée au moment où la force du réseau et la fiabilité de la connectivité sont plus importantes que jamais alors que les Canadiens restent à la maison pour freiner la COVID-19.« Rester connectés n’a jamais été aussi important qu’à l’heure actuelle, et nous sommes extrêmement fiers de voir que nos clients nous considèrent comme le fournisseur de choix en matière de connectivité, tant pour les particuliers et les entreprises que pour les communautés », a déclaré Joe Natale, président et chef de la direction de Rogers Communications. « Ce prix témoigne de notre...

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