Day: April 28, 2020

Third Quarter Highlights Include: Record bookings of $250 million increased 32% over prior year Record revenue increased 19% over prior year with 11% organic growth Record net income, adjusted EBITDA, EPS and adjusted EPS Record backlog increased 38% over prior yearANDOVER, Mass., April 28, 2020 (GLOBE NEWSWIRE) — Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), reported operating results for the third quarter of fiscal 2020, ended March 27, 2020.Management Comments “The record performance in the third quarter of fiscal year 2020 demonstrates the resiliency of our people and our business in a period of unparalleled challenges,” said Mark Aslett, Mercury’s President and Chief Executive Officer.  “We achieved record bookings of $250 million yielding a book-to-bill of 1.20 and another record backlog as well as record revenues, net...

BALTIMORE, April 28, 2020 (GLOBE NEWSWIRE) — WillScot Corporation (“WillScot”) (Nasdaq: WSC), the specialty rental services market leader providing innovative modular space and portable storage solutions across North America, today announced that Brad Soultz, President and Chief Executive Officer, and Tim Boswell, Chief Financial Officer, will host virtual meetings with investors during Oppenheimer’s 15th Annual Virtual Industrial Growth Conference.  The meetings are by appointment only and will take place on Tuesday, May 5th and Wednesday, May 6th, 2020 beginning at 8:00 a.m. EDT on both days.About WillScot CorporationHeadquartered in Baltimore, Maryland, WillScot is the public holding company for the Williams Scotsman family of companies. WillScot trades on the Nasdaq stock exchange under the ticker symbol “WSC,” and...

BATON ROUGE, La., April 28, 2020 (GLOBE NEWSWIRE) — Business First Bancshares, Inc. (NASDAQ: BFST) (Business First), parent company of b1BANK, Baton Rouge, Louisiana, today announced its unaudited results for the quarter ended March 31, 2020, including net income of $4.5 million, or $0.34 per diluted share, decreases of $1.2 million and $0.07, respectively, from the quarter ended March 31, 2019. On a non-GAAP basis, core net income for the quarter ended March 31, 2020, which excludes noncore income and expenses, was $5.0 million, or $0.37 per diluted share, decreases of $655,000 and $0.04, respectively, from the quarter ended March 31, 2019. Both net income and diluted earnings per share were adversely impacted for the quarter ended March 31, 2020, by additional provision for loan losses related to the expected impact of the COVID-19...

SPOKANE VALLEY, Wash., April 28, 2020 (GLOBE NEWSWIRE) — Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its results for the quarter ended March 28, 2020.For the third quarter of fiscal year 2020, Key Tronic reported total revenue of $111.5 million, compared to $108.0 million in the same period of fiscal year 2019. For the first nine months of fiscal year 2020, total revenue was $333.5 million, compared to $358.5 million in the same period of fiscal year 2019.As previously announced, the lower than anticipated revenue and earnings for the third quarter of fiscal 2020 is primarily a result of disruptions to supply chains in China caused by the COVID-19 crisis, which delayed the arrival of key components.  In addition, earnings in the third quarter of 2020 were impacted...

CAMBRIDGE, Mass., April 28, 2020 (GLOBE NEWSWIRE) — TILT Holdings Inc. (“TILT” or the “Company”) (CSE: TILT) (OTCQB: TLLTF), a technology and solutions cannabis platform comprised of assets to support brands worldwide, is providing an update regarding its financial statements and accompanying management’s discussion and analysis for the financial year ended December 31, 2019 and the quarter ended March 31, 2020. As a result of the impact caused by COVID-19, the Company will rely on exemptive relief provided by British Columbia Instrument 51-515 Temporary Exemption from Certain Corporate Finance Requirements, which provides up to 45 days for issuers to complete filings required to be made on or prior to June 1, 2020. The Company continues to work in close coordination with its new auditors on the filings, which the Company will...

TORONTO, April 28, 2020 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN) announced today that it will issue its financial results for the three months ending March 31, 2020 on Wednesday, May 6, 2020.SmartCentres will hold a conference call on Wednesday, May 6, 2020 at 5:30 p.m. (ET). Participating on the call will be members of SmartCentres’ senior management.Investors are invited to access the call by dialing 1-800-347-6311. You will be required to identify yourself and the organization on whose behalf you are participating. A recording of this call will be made available Wednesday, May 6, 2020 beginning at 8:30 p.m. (ET) through to 8:30 p.m. (ET) on Wednesday, May 13, 2020. To access the recording, please call 1-888-203-1112 and enter the Replay Passcode 5335567#.About SmartCentresSmartCentres...

MITCHEL FIELD, N.Y., April 28, 2020 (GLOBE NEWSWIRE) — Frequency Electronics, Inc. (NASDAQ: FEIM), today announced it won a Silver Tier Award for exceptional performance and contributions to supply chain success in 2019 for BAE Systems’ Electronic Systems sector. Frequency Electronics Inc. (FEI) was selected from a pool of more than 2,200 suppliers that worked with the sector in 2019.FEI CEO, Stan Sloane commented, “We are extremely pleased to have been selected for this award and to continue the very successful relationship we have with BAE Systems. The award illustrates FEI’s commitment to technical excellence, as well as meeting our customers’ schedule needs.”BAE Systems’ Partner 2 Win program is designed to achieve operational excellence and eliminate defects in its supply chain by raising the bar of performance expectations to...

Lightweight solution debuted on the 2020 Toyota SupraComposite reinforcement enables 10 percent mass reductionFirst application of composite space frame for automotive liftgateAURORA, Ontario, April 28, 2020 (GLOBE NEWSWIRE) — Magna’s composite space frame liftgate reinforcement solution, which debuted on the Toyota Supra, has earned a 2020 Automotive News PACE Award. The award is Magna’s fourth PACE Award in the last six years. The space frame is the first composite application of its kind for an automotive liftgate and achieves a 10 percent mass savings over a steel version.“Innovative lightweight solutions, such as this composite space frame, are integral in helping automakers meet sustainability goals, including reduced emissions and improved fuel economy,” said Magna Exteriors President Grahame Burrow. “With ongoing requirements...