Month: April 2020

Overstock.com Reports Q1 2020 Results and Preliminary Impact of COVID-19 with April retail sales up over 120% year over year

Written by Customer Service on April 30, 2020. Posted in Earnings Releases And Operating Results.

SALT LAKE CITY, April 30, 2020 (GLOBE NEWSWIRE) — Overstock.com, Inc. (NASDAQ:OSTK), a tech-driven online retailer and advancer of blockchain technology, today reported financial results for the quarter ended March 31, 2020.First Quarter Financial HighlightsTotal net revenue was $352 million, a decrease of 4% year over yearGross profit was $76 million or 21.6% of total revenue, an improvement of 169 basis points year over yearNet loss attributable to stockholders of Overstock.com, Inc. was $16 million, an improvement of $23 million year over yearNet loss per share was $0.40, an improvement of $0.78 year over yearAdjusted EBITDA (non-GAAP) improved by 31% year over yearNet cash used in operating activities was $12 million, an improvement of $39 million year over yearFree cash flow (non-GAAP) improved by $40 million year over yearAt...

Lakeland Bancorp Announces First Quarter Results

Written by Customer Service on April 30, 2020. Posted in Earnings Releases And Operating Results.

OAK RIDGE, N.J., April 30, 2020 (GLOBE NEWSWIRE) — Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the “Company”), the parent company of Lakeland Bank (“Lakeland”), reported net income of $12.4 million and earnings per diluted share (“EPS”) of $0.24 for the three months ended March 31, 2020 compared to net income of $15.6 million and diluted EPS of $0.31 for the first quarter of 2019. Excluding merger-related expenses pertaining to the Company’s January 2019 acquisition of Highlands Bancorp, Inc. (“Highlands”) of $2.1 million, tax-effected, net income for the first quarter of 2019 was $17.8 million, or $0.35 per diluted share. For the first quarter of 2020, annualized return on average assets was 0.76%, annualized return on average common equity was 6.77% and annualized return on average tangible common equity was 8.65%.The...

Provident Financial Services, Inc. Announces First Quarter Earnings and Declares Quarterly Cash Dividend

Written by Customer Service on April 30, 2020. Posted in Earnings Releases And Operating Results.

ISELIN, N.J., April 30, 2020 (GLOBE NEWSWIRE) — Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $14.9 million, or $0.23 per basic and diluted share, for the three months ended March 31, 2020, compared to net income of $30.9 million, or $0.48 per basic and diluted share, for the three months ended March 31, 2019. The Company’s earnings for the three months ended March 31, 2020 were adversely impacted by elevated provisions for credit losses primarily due to the adoption of a new accounting standard that requires the current recognition of allowances for losses expected to be incurred over the life of covered assets (“CECL”). These provisions were exacerbated by the current weak economic forecast attributable to the COVID-19 pandemic. For the three months ended March 31, 2020, provisions for...

Consolidated Communications Reports First Quarter 2020 Results

Written by Customer Service on April 30, 2020. Posted in Earnings Releases And Operating Results.

Company delivered strong performance and stable Adjusted EBITDA; Reduced debt by $43 million and executing on Capital Allocation Plan First Quarter HighlightsRevenue totaled $325.7 million, generating Adjusted EBITDA of $131.6 millionData-transport and broadband revenue both grew 1.6 percentOperating activities generated net cash of $85 millionOperating expenses, excluding depreciation and amortization, improved by $17 million or 8 percentDebt reduced by $43 million and leverage ratio lowered to 4.23xMATTOON, Ill., April 30, 2020 (GLOBE NEWSWIRE) — Consolidated Communications Holdings, Inc. (Nasdaq: CNSL) (the “Company” or “Consolidated”) reported results for the first quarter 2020 and will hold a conference call and simultaneous webcast to discuss its results and developments today at 10 a.m. E.T.“During this time and in response...

Carpenter Technology Reports Third Quarter Fiscal Year 2020 Results

Written by Customer Service on April 30, 2020. Posted in Earnings Releases And Operating Results.

Earnings per diluted share of $0.82Results significantly impacted by COVID-19Action plan implemented to safeguard employees and customers against COVID-19Initiated actions to maintain solid balance sheet and preserve liquidityPHILADELPHIA, April 30, 2020 (GLOBE NEWSWIRE) — Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced financial results for the fiscal third quarter ended March 31, 2020. For the quarter, the Company reported net income of $39.9 million, or $0.82 earnings per diluted share.Savings Actions Initiated to Address COVID-19 and Preserve LiquidityCOVID-19 related disruptions negatively impacted operating income results by approximately $5.5 million in the third quarter of fiscal year 2020. This impact is principally associated with disruption in the ability to ship certain materials late in...

Asia Pacific Wire & Cable Corporation Ltd. Reports 2019 Financial Results

Written by Customer Service on April 30, 2020. Posted in Earnings Releases And Operating Results.

TAIPEI, Taiwan, April 30, 2020 (GLOBE NEWSWIRE) — Asia Pacific Wire & Cable Corporation Limited (NASDAQ: APWC) (“APWC” or the “Company”), a leading manufacturer of wire and cable products for the telecommunications and electric-power industries in the Asia-Pacific region, today announced the Company’s financial results for the twelve months ended December 31, 2019. Unless otherwise indicated, all data are reported in U.S. dollars at the exchange rate prevailing on the date of the event or result reported.Full Year 2019 Results Financial ConditionAPWC reported $53.7 million in cash and cash equivalents as of December 31, 2019, compared to cash and cash equivalents of $60.8 million as of December 31, 2018.Current assets totaled $239.5 million as of December 31, 2019, compared to $254.1 million as...

Valley National Bancorp Reports First Quarter 2020 Net Income, Strong Loan Growth and Net Interest Margin

Written by Customer Service on April 30, 2020. Posted in Earnings Releases And Operating Results.

NEW YORK, April 30, 2020 (GLOBE NEWSWIRE) — Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the first quarter 2020 of $87.3 million, or $0.21 per diluted common share, as compared to the first quarter 2019 earnings of $113.3 million, or $0.33 per diluted common share, and net income of $38.1 million, or $0.10 per diluted common share, for the fourth quarter 2019. Excluding all non-core charges, our adjusted net income was $88.2 million, or $0.21 per diluted common share, for the first quarter 2020, $74.9 million, or $0.22 per diluted common share, for the first quarter 2019, and $90.7 million, or $0.24 per diluted common share, for the fourth quarter 2019. See further details below, including a reconciliation of our adjusted net income (a non-GAAP measure) in the...

Brunswick Corporation Declares Quarterly Dividend

Written by Customer Service on April 30, 2020. Posted in Dividend Reports And Estimates.

METTAWA, Ill., April 30, 2020 (GLOBE NEWSWIRE) — The Board of Directors of Brunswick Corporation (NYSE: BC) today declared a quarterly dividend on its common stock of $0.24 per share. The dividend will be payable on June 12, 2020, to shareholders of record at the close of business on May 19, 2020.“Our ability to pay a dividend to our shareholders in this uncertain time is a testament to our strong financial and liquidity position and is consistent with our policy objectives of sustaining our dividend throughout an economic cycle,” said Dave Foulkes, Brunswick Chief Executive Officer.About BrunswickHeadquartered in Mettawa, Ill., Brunswick Corporation’s leading consumer brands include Mercury Marine outboard engines; Mercury MerCruiser sterndrive and inboard packages; Mercury global parts and accessories including propellers and...

Independent Proxy Advisory Firm Glass Lewis Recommends Osisko Shareholders Vote for all Proposed Items at the Annual General Meeting

Written by Customer Service on April 30, 2020. Posted in Public Companies.

TORONTO, April 30, 2020 (GLOBE NEWSWIRE) — Osisko Mining Inc. (“Osisko”) (TSX: OSK) is pleased to announce that Glass Lewis & Co. (“Glass Lewis”) has recommended that shareholders vote FOR all proposed items to be considered at its upcoming annual meeting of shareholders (“the Meeting”).Glass Lewis is a prominent, third party proxy advisory firm who, among other services, provides proxy voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders. Glass Lewis made their recommendation yesterday that shareholders vote FOR all the proposed items at this year’s annual meeting of shareholders.Osisko encourages shareholders to read the meeting materials in detail. Copies of the meeting material is available under Osisko’s profile on SEDAR at www.sedar.com and on Osisko’s...

Aktionäre stimmen allen Anträgen zu

Written by Customer Service on April 30, 2020. Posted in Public Companies.

Die Aktionäre der Feintool International Holding AG haben an der General-versammlung am 30. April 2020 alle Anträge angenommen.An der ordentlichen Generalversammlung der Feintool International Holding AG vom 30. April 2020 haben die Aktionäre den Jahresbericht und die Jahresrechnung 2019 gutgeheissen. Auch dem beantragten Verzicht auf eine Dividendenausschüttung, bedingt durch die wirtschaftlichen Folgen der COVID-19-Krise, wurde zugestimmt.Alle zur Wiederwahl stehenden Verwaltungsratsmitglieder, namentlich Alexander von Witzleben, Norbert Indlekofer und Heinz Loosli, wurden von der Generalversammlung in ihren Ämtern bestätigt. Neu gewählt wurden Dr. Marcus Bollig und Christian Mäder. Alexander von Witzleben wurde ebenfalls als Präsident des Verwaltungsrates und als Mitglied des Vergütungsausschusses bestätigt. Zudem wurde Christian Mäder...

Month: April 2020

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