Day: May 11, 2020

ST. JOHN’S, Terre-Neuve-et-Labrador, 11 mai 2020 (GLOBE NEWSWIRE) — Fortis Inc. (« Fortis » ou la « Société ») (TSX/NYSE:FTS) a aujourd’hui tenu en ligne son assemblée annuelle et extraordinaire des actionnaires. Barry Perry, président et chef de la direction, y a présenté les résultats financiers de 2019 et du premier trimestre de 2020, et y a parlé des répercussions de la COVID-19 sur la Société.En 2019, Fortis a dégagé un excellent bénéfice net d’environ 1,7 milliard de dollars, a réalisé des dépenses en immobilisations de 3,8 milliards et a augmenté pour une 46e année consécutive son dividende annuel par action ordinaire. Pendant l’assemblée, Fortis a confirmé qu’elle maintenait sa stratégie à long terme, son programme d’immobilisations sur cinq ans de 18,8 milliards de dollars et une croissance annuelle moyenne de son dividende...

May 12, 2020Team Tankers International Ltd. Announces 1st Quarter 2020 Results1st Quarter 2020 resultsTeam Tankers International Ltd. (OSE: TEAM) reported EBITDA for the 1st quarter of $16.5 million, compared with $15.8 million in the 4th quarter of 2019 (Q1’19: $14.0 million).  Net income in the 1st quarter of 2020 was $1.4 million, compared with a net loss of $9.7 million in the 4th quarter of 2019 (net loss of $4.8 million excluding a $4.9 million vessel impairment charge recognized in the quarter; Q1’19 net loss: $7.9 million). The average time charter equivalent rate for the fleet was $13,812 per day this quarter, compared with $12,348 per day in the previous quarter.Team’s CEO, Hans Feringa, commented “We entered into a strategic commercial cooperation with Maersk Tankers and a joint venture with V.Group for technical...

BATON ROUGE, La., May 11, 2020 (GLOBE NEWSWIRE) — Lamar Advertising Company (Nasdaq: LAMR) announced today that its wholly owned subsidiary, Lamar Media Corp., has agreed to sell $400.0 million in aggregate principal amount of 4 7/8% Senior Notes due 2029 (the “Notes”) through an institutional private placement.  The proceeds, after the payment of fees and expenses, to Lamar Media of this offering are expected to be approximately $394.5 million.  Subject to customary closing conditions, the closing of this offering is expected on or about May 13, 2020.Lamar Media intends to use the proceeds of this offering, after the payment of fees and expenses, (i) to ‎ repay indebtedness outstanding under the revolving portion of its senior credit facility‎, and (ii) the remainder, if any, to fund working capital needs or for general corporate...

HOUSTON, May 11, 2020 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) today reported operational and financial results for the first quarter 2020.Highlights and Recent Key Items:Produced 4,944 net revenue interest (“NRI”)(1) barrels of crude oil per day (“BOPD”), or 5,683 working interest (“WI”)(2) BOPD near the high end of first quarter guidance (4,700 – 5,000 NRI BOPD);Increased first quarter 2020 production 35% compared with the fourth quarter of 2019 due to the successful drilling campaign;Reported a net loss of $52.8 million ($0.91 per diluted share), Adjusted Net Income(3) of $6.9 million ($0.12 per diluted share) and generated Adjusted EBITDAX(3) of $6.0 million;The net loss of $52.8 million for the first quarter included non-cash charges of $59.7 million primarily as a result of the decrease in oil prices;Completed...

CARLSBAD, Calif., May 11, 2020 (GLOBE NEWSWIRE) — SeaSpine Holdings Corporation (NASDAQ: SPNE), a global medical technology company focused on surgical solutions for the treatment of spinal disorders, today announced the Company will participate in a virtual fireside chat with BTIG.SeaSpine is scheduled to present on Monday, May 18, 2020 at 1:00 pm ET.  Anyone interested in accessing the live call should email a participation request to: USCorporateAccess@btig.com. An audio replay of the event will be available on the Company’s website at investor.seaspine.com.About SeaSpineSeaSpine (www.seaspine.com) is a global medical technology company focused on the design, development and commercialization of surgical solutions for the treatment of patients suffering from spinal disorders.  SeaSpine has a comprehensive portfolio of orthobiologics...

SAN FRANCISCO, May 11, 2020 (GLOBE NEWSWIRE) — 1Life Healthcare, Inc. (One Medical) (Nasdaq: ONEM) today announced that Amir Dan Rubin, Chair & CEO, and Bjorn Thaler, CFO, will participate in the following upcoming investor conference:The UBS Virtual Global Healthcare Conference, which will include a presentation on Monday, May 18th at 11:10 a.m. (PDT) / 2:10 p.m. (EDT).A live audio webcast and a replay of the presentation will be available at https://investor.onemedical.com.About One MedicalOne Medical is a membership-based primary care platform with seamless digital health and inviting in-office care, convenient to where people work, shop, live and click. One Medical’s mission is to transform health care for all through a human-centered, technology-powered model.Headquartered in San Francisco, 1Life Healthcare, Inc. is the...

WALTHAM, Mass., May 11, 2020 (GLOBE NEWSWIRE) — Great Elm Capital Group, Inc. (NASDAQ: GEC, “Great Elm”) today released its fiscal third quarter 2020 results. Great Elm will host a conference call and webcast on Tuesday, May 12, 2020 at 8:00 a.m. Eastern Time to discuss its fiscal third quarter 2020 financial results. All interested parties are invited to participate in the conference call by dialing +1 (833) 921-1653; international callers should dial +1 (778) 560-2576. Participants should enter the Conference ID 3197590 when asked. For a copy of the slide presentation that will be referenced during the course of our conference call, please visit:https://www.greatelmcap.com/events-and-presentations/default.aspx.About Great Elm Capital Group, Inc.Great Elm is a publicly-traded holding company that seeks to build a business across...

Boston, MA, May 11, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Zoom Telephonics, Inc. (“Zoom”) (OTCQB: ZMTP), a leading creator of cable modems and other Internet access products, reported financial results for its 2020 first quarter ended March 31, 2020.First Quarter 2020 Financial HighlightsNet sales were $12 million, up 49% year over yearGross profit was $3.1 million, up 28% year over yearGross profit margin was 25.9%, down from 30.2% in prior year first quarterGAAP net loss was $0.8 million, a 33% improvement year over yearNon-GAAP net income was $0.7 million after adjusting for tariff expenses of $1.5 millionFirst Quarter 2020 Business OverviewOverall, the company produced record sales of $12 million during the quarter, despite the significant economic disruptions resulting from the Covid-19 pandemic.  This level of sales...

HOUSTON, May 11, 2020 (GLOBE NEWSWIRE) — Deep Down, Inc. (OTCQB: DPDW) (“Deep Down” or the “Company”), a specialist in deepwater oil and gas production and distribution equipment and services, today reported results for its first quarter ended March 31, 2020 (“Q1 2020”). Deep Down will hold a conference call tomorrow, Tuesday, May 12, 2020 at 10:00 am ET to review its results and outlook (call details below).Deep Down at a Glance:Charles Njuguna, Deep Down Inc.’s CEO, commented, “While our first quarter results were a departure from what we originally expected at the beginning of the year, they reflect the nature of the environment in which we currently operate.  As such, we remain cautious but focused on continuing to execute our backlog to meet the needs of our customers.  While we cannot yet predict with certainty how the abrupt...

Focused on Balance Sheet Protection and Long-Term Value PreservationLow Base Decline, Conventional Oil Asset Base and Operatorship Provide Competitive AdvantagePrioritizing Financial Strength and LiquidityCALGARY, Alberta, May 11, 2020 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced the Company’s financial and operating results for the quarter ended March 31, 2020 (“the Quarter“). All dollar amounts are in United States (“U.S.“) dollars and production amounts are on an average working interest before royalties (“WI“) basis unless otherwise indicated. Per barrel (“bbl“) of oil equivalent (“BOE“) amounts are based on WI sales before royalties. For per BOE amounts...