Month: April 2020

Total revenue1 increased 7% to $2.5 billion with constant currency growth of 8% and organic growth of 4%Diluted Earnings per Share were $2.34 for the quarter, up 6% over prior yearAdjusted Diluted Earnings per Share were $3.34 for the quarter, up 12% over prior yearIncome from Operations was $360 million or 14.6% of revenue, down 90 basis points over prior yearAdjusted Operating Income was $525 million or 21.3% of revenue, flat compared to prior yearARLINGTON, Va. and LONDON, April 30, 2020 (GLOBE NEWSWIRE) — Willis Towers Watson (NASDAQ: WLTW) (the “Company”), a leading global advisory, broking and solutions company, today announced financial results for the first quarter ended March 31, 2020.“Willis Towers Watson executed well in the first quarter while navigating the unprecedented challenges brought on by the COVID-19 pandemic,”...

EDINBURG, Va., April 30, 2020 (GLOBE NEWSWIRE) — Shenandoah Telecommunications Company (“Shentel”) (Nasdaq: SHEN) announced first quarter 2020 financial and operating results.First Quarter 2020 HighlightsGenerated $36.0 million in normalized free cash flow and $61.1 million in operating cash flow.Ended the quarter with $195.2 million of liquidity.Broadband revenues and Adjusted OIBDA increased 6.2%, and 4.3%, respectively.  Operating income was flat with prior year.Launched Glo Fiber into three new markets increasing homes passed to over 5,000.“Although we do not operate in the densely populated urban markets most affected, the COVID-19 crisis began to affect our operating and financial results during the latter part of the first quarter of 2020,” said President and CEO, Christopher E. French. “These effects were not...

ST. JOHN’S, Newfoundland and Labrador, April 30, 2020 (GLOBE NEWSWIRE) — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company, announced it has filed its financial results for year-ended December 31, 2019. Additional information concerning the Company, including its audited consolidated financial statements and related management’s discussion and analysis (“MD&A”) for the year-ended December 31, 2019, can be found at www.sedar.com. Unless otherwise stated, all dollar amounts are Canadian dollar denominated.  Q4 2019 Financial HighlightsRevenue for the quarter was $4.6 million compared to $1.4 million in the year ago quarter. Revenue in the quarter was driven by the final delivery of SeaPower™ batteries to Ocean Infinity and the delivery of sensors and associated equipment to multiple customers.  Adjusted...

WAUKESHA, Wis., April 30, 2020 (GLOBE NEWSWIRE) — Generac Holdings Inc. (NYSE: GNRC) (“Generac” or the “Company”), a leading global designer and manufacturer of energy technology solutions and other power products, today reported financial results for its first quarter ended March 31, 2020 and provided an update on its outlook for the full year 2020.    First Quarter 2020 HighlightsNet sales increased 1.2% to $475.9 million during the first quarter of 2020 as compared to $470.4 million in the prior-year first quarter.  Core sales growth, which excludes both the impact of acquisitions and foreign currency, declined approximately 3%.Residential product sales increased 18.3% to $257.6 million as compared to $217.8 million last year, with core sales growth of approximately 9% when excluding the impact of the Neurio and Pika acquisitions....

SANTIAGO, Chile, April 30, 2020 (GLOBE NEWSWIRE) — ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) announced today its Management Discussion & Analysis Report (“MD&A Report”) for the first quarter ended March 31, 2020.For the full MD&A Report, please refer to the following link:https://ir.itau.cl/English/files/doc_financials/2020/q1/Ita%C3%BA-CorpBanca-1Q20-MD-A.pdfOn Monday, May 4, 2020, at 11:00 A.M. Santiago time (11:00 AM ET), the Company’s management team will host a conference call to discuss the financial results. The call will be hosted by Gabriel Moura, Itaú Corpbanca’s Chief Executive Officer, and Claudia Labbé, Itaú Corpbanca’s Head of Investor Relations.Conference Call Details:Participants should dial into the call 10 minutes before the scheduled time using the following numbers: +1 (877) 790-7811 (US Toll...

First quarter 2020 revenue of $3.0 billion (down 3.2% year-over-year)Parts and services organic revenue declined 3.5% (4.7% on a per day basis)Net income1 attributable to LKQ stockholders of $146 million (up 49%); adjusted net income of $176 million (flat compared to the prior year)Diluted EPS attributable to LKQ stockholders of $0.48; adjusted diluted EPS of $0.57Operating cash flow of $195 million (up 10%); free cash flow of $150 million (up 21%)Reduced borrowings by $230 millionImplemented targeted cost actions contributing to potential annualized savings run rate of over $1.0 billionApproximately $1.9 billion of liquidity as of March 31, 2020CHICAGO, April 30, 2020 (GLOBE NEWSWIRE) —  LKQ Corporation (Nasdaq: LKQ) today announced results for the first quarter ended March 31, 2020.  The Company also provided an update on the...

Our purpose in actionLuxembourg, April 30, 2020 – Millicom is pleased to announce its first-quarter 2020 results. Please find below links to the Q1 2020 Earnings Release, IAS 34 Interim Consolidated Financial Statements, as well as a Cover Letter from Millicom’s CEO.Millicom Chief Executive Officer Mauricio Ramos commented:“As we face unprecedented challenges associated with the COVID-19 pandemic, our purpose is more important than ever: we build digital highways that connect people, improve lives and support our communities. Our customers and communities rely on us to keep them connected. I am proud to report that we have risen to the challenge thanks to the effectiveness of our business continuity plans, the resilience of networks, and the strength and determination of our people. Our engineers have been working around the clock to...

CALGARY, Alberta, April 30, 2020 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This news release contains references to Adjusted EBITDA, Covenant EBITDA, Operating Earnings (Loss), Funds Provided by (Used in) Operations and Working Capital. These terms do not have standardized meanings prescribed under International Financial Reporting Standards (IFRS) and may not be comparable to similar measures used by other companies, see “Non-GAAP Measures” later in this news release.Precision Drilling announces 2020 first quarter...

HOUSTON, April 30, 2020 (GLOBE NEWSWIRE) — CBTX, Inc., or the Company (NASDAQ: CBTX), the bank holding company for CommunityBank of Texas, N.A., or the Bank, today announced net income of $7.5 million, or $0.30 per diluted share, for the quarter ended March 31, 2020, compared to $12.6 million, or $0.50 per diluted share, for the quarter ended December 31, 2019 and $10.5 million, or $0.42 per diluted share, for the quarter ended March 31, 2019.“Our first quarter turned largely on our focus on the impacts of the COVID-19 pandemic and the effects it played on our communities, customers and employees,” said Robert R. Franklin, Jr., Chairman, CEO and President of the Company. “We are a bank with a team that is well-experienced working through challenging times in our markets, including dealing with hurricanes, floods and economic crises...

MOOREFIELD, W.V., April 30, 2020 (GLOBE NEWSWIRE) — Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today reported first quarter 2020 net income of $4.51 million, or $0.35 per diluted share. In comparison, earnings for fourth quarter 2019 were $8.15 million, or $0.65 per diluted share, and for first quarter 2019, $7.09 million, or $0.56 per diluted share. Summit achieved returns on average assets and average tangible equity in first quarter 2020 of 0.73 percent and 8.55 percent, respectively, compared to 1.27 percent and 14.80 percent, respectively, in the same period of 2019.“Despite the unprecedented challenges posed by the COVID-19 crisis and its resulting business conditions, Summit produced solid core earnings this past quarter,” commented H. Charles Maddy, III, President and Chief Executive Officer of Summit....