Month: April 2020

VICTOR, N.Y., April 23, 2020 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it priced the public offering of $1.2 billion aggregate principal amount of Senior Notes, consisting of $600.0 million of 2.875% Senior Notes due 2030 (the “2030 notes”) for a public offering price of 99.801% of the principal amount of the 2030 notes, and $600.0 million of 3.750% Senior Notes due 2050 (the “2050 notes”) for a public offering price of 99.286% of the principal amount of the 2050 notes (collectively, the “notes”) . The notes will be senior obligations that rank equally with all of Constellation’s other senior unsecured indebtedness.Closing of the offering is expected to occur on April 27, 2020. Constellation intends to use the net proceeds from the offering to redeem...

DAYTONA BEACH, Fla., April 23, 2020 (GLOBE NEWSWIRE) — Brown & Brown, Inc. (NYSE:BRO) today announced that the Board of Directors has declared a regular quarterly cash dividend of $0.085 per share. The dividend is payable on May 20, 2020 to shareholders of record on May 11, 2020.Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, providing risk management solutions to individuals and businesses. With more than 80 years of proven success and thousands of teammates, we offer knowledge you can trust and strive to deliver superior customer service. For more information, please visit bbinsurance.com.R. Andrew WattsChief Financial Officer(386) 239-5770

YORK, Pa, April 23, 2020 (GLOBE NEWSWIRE) — Codorus Valley Bancorp, Inc. (Codorus Valley, or the Corporation) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (PeoplesBank), collectively referred to as the Company, today announced a net loss of $3.0 million or -$0.31 per share basic and -$0.30 per share diluted, for the quarter ended March 31, 2020, as compared to net income of $4.1 million or $0.41 per share basic and diluted, for the quarter ended March 31, 2019.“Earnings for the first quarter 2020 were adversely affected primarily by a loss directly attributable to a single, large commercial lending relationship at PeoplesBank,” stated Larry J. Miller, Chairman, President/CEO.  “The commercial lending loss resulted from alleged fraudulent activities believed to be perpetrated by one of the obligors.  As...

BOCA RATON, Fla., April 23, 2020 (GLOBE NEWSWIRE) — ADT Inc. (NYSE: ADT) will release its first quarter 2020 financial results after the close of trading on Thursday, May 7, 2020. Management will host a conference call following the release at 5:00 pm ET on Thursday, May 7 to discuss the financial results and other related matters. The conference call can be accessed as follows:By dialing 1-888-599-8686 (domestic) or 1-720-543-0214 (international) and requesting the ADT First Quarter 2020 Earnings Conference CallLive webcast accessed through ADT’s website at investor.adt.comAn audio replay of the conference call will be available from approximately 8:00 p.m. ET on May 7, 2020, until 11:59 p.m. ET on May 21, 2020, and can be accessed by dialing 1-844-512-2921 (domestic) or 1-412-317-6671 (international), and providing the passcode,...

(Dollar amounts are in thousands unless otherwise specified)Reports solid Quarter 1, 2020 Financial ResultsHIGHLIGHTSSales growthSolid gross margin ratesStrong earningsEPS from operations of $0.1821% dividend increaseGUELPH, Ontario, April 23, 2020 (GLOBE NEWSWIRE) — Hammond Power Solutions Inc. (“HPS”) (TSX: HPS.A) a leading manufacturer of dry-type and cast resin transformers and related magnetics, today announced its financial results for the First Quarter of 2020.FIRST QUARTER RESULTSSales from continuing operations for the quarter-ended March 28, 2020 were $88,420, an increase of $3,730 or 4.4% from Quarter 1, 2019 sales from continuing operations of $84,690. Sales in the United States (“U.S.”) increased by $2,147 or 4.0%, finishing at $56,341 for Quarter 1, 2020 compared to $54,194 in Quarter 1, 2019. U.S. sales, when stated...

GREENWICH, Conn., April 23, 2020 (GLOBE NEWSWIRE) — XPO Logistics, Inc. (“XPO” or the “Company”) (NYSE: XPO) today announced the pricing of its previously announced issuance of $850 million of senior notes due 2025 (the “notes”).  This represents an upsize of $100 million from the amount previously disclosed.  The closing of the private placement of the notes is expected to occur on April 28, 2020, subject to customary closing conditions.The notes will bear interest at a rate of 6.250% payable semiannually, in cash in arrears on May 1 and November 1 of each year, commencing November 1, 2020 and maturing on May 1, 2025.The Company intends to use the net proceeds from the issuance of the notes for general corporate purposes, which may include the repayment of amounts outstanding under our existing revolving credit facility, the repayment...

CLEVELAND, April 23, 2020 (GLOBE NEWSWIRE) — Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it will release its fiscal 2020 third quarter earnings before the market opens on Thursday, April 30, 2020, followed by a conference call at 11:00 a.m., Eastern time.  During the call, the company will discuss fiscal 2020 third quarter results and respond to questions from institutional investors and security analysts.  The conference call will be webcast simultaneously on Parker’s investor information website at www.phstock.com with an accompanying slide presentation. The webcast will be archived on the site and available for replay later that day.Parker Hannifin is a Fortune 250 global leader in motion and control technologies.  For more than a century the company...

MOORESTOWN, N.J., April 23, 2020 (GLOBE NEWSWIRE) — Tabula Rasa HealthCare, Inc. (NASDAQ:TRHC), will release its first quarter 2020 operating results Thursday, May 7, 2020, after market close, on the investor relations section of TRHC’s website at ir.trhc.com. A conference call hosted by THRC CEO, Chairman and Founder, Calvin H. Knowlton, Ph.D.; TRHC Co-Founder, President, Chief Marketing and Business Development Officer, Orsula V. Knowlton, PharmD; and TRHC Chief Financial Officer, Brian W. Adams will follow at 5:00 p.m. EDT.The conference call will be broadcast live in listen-only mode on the investor relations section of TRHC’s website (ir.trhc.com). An audio file of the call also will be archived and available for replay approximately two hours after the live event for a period of 90 days. Shareholders and interested participants...