Team, Inc. Reports First Quarter 2020 Results

Written by Customer Service on June 17, 2020. Posted in Public Companies.

Decisive Actions Implemented to Further Reduce and Control Variable CostsGross Margin in Line with Prior Year QuarterFirst Quarter 2020Quest Integrity revenues increased 16.3% over Q1 2019; Q1 2020 operating income improved 271.4% over the same period last yearConsolidated gross margin of 24.3% in Q1 2020 in line with the same quarter last yearSelling, general and administrative expenses decreased by $3.8 million in Q1 2020 compared to Q1 2019 and decreased by $1.3 million when compared to Q4 2019OneTEAM program savings of $6.6 million realized in Q1 2020In compliance with all bank covenant requirements at March 31, 2020COVID-19 and the oil and gas supply-demand imbalance triggered a non-cash, pre-tax goodwill impairment charge of $191.8 million; $178.6 million after-tax basisSecond Quarter 2020 and BeyondAmended and extended TEAM’s credit...

HEXO Corp. Announces the Sale of its Niagara Facility

Written by Customer Service on June 17, 2020. Posted in Public Companies.

OTTAWA, June 17, 2020 (GLOBE NEWSWIRE) — HEXO Corp. (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced that it completed the previously disclosed sale of its Niagara, Ontario facility for proceeds of approximately $10.25 million on June 15, 2020.The Company had determined to market the facility for sale following a strategic review by the Company of its cultivation assets in March 2020, in which it determined it no longer expected to re-commence operations at the Niagara facility due to an excess of cultivation capacity in the market and estimated forecast demand for cannabis products, as result of slower than expected market development. The sale of the Niagara facility included land and greenhouse facilities, as well as certain equipment.The Company expects to use the proceeds from the sale of the Niagara facility...

HEXO Corp annonce la vente de son installation de Niagara

Written by Customer Service on June 17, 2020. Posted in Public Companies.

OTTAWA, 17 juin 2020 (GLOBE NEWSWIRE) — HEXO Corp. (« HEXO », ou la « Société ») (TSX : HEXO ; NYSE : HEXO) annonce aujourd’hui la vente, précédemment communiquée, de ses installations de Niagara, en Ontario et conclue le 15 juin 2020 pour un produit d’environ 10,25 millions de dollars.En mars 2020, la Société avait décidé de mettre en vente l’installation après avoir effectué un examen stratégique de ses actifs associés aux cultures dans lequel la Société ne prévoyait plus de reprendre ses activités à l’installation de Niagara en raison d’une capacité de culture excédentaire sur le marché et de prévisions concernant la demande en produits à base de cannabis, résultant d’un développement du marché plus lent que prévu. La vente de l’installation de Niagara comprend des terrains et des serres, ainsi que certains...

Amdocs Limited Announces the Pricing of a Senior Notes Offering

Written by Customer Service on June 17, 2020. Posted in Public Companies.

ST. LOUIS, June 17, 2020 (GLOBE NEWSWIRE) — Amdocs Limited (NASDAQ: DOX) (“Amdocs”) announced today that it has priced its previously announced offering (the “offering”) of $650 million aggregate principal amount of senior notes due 2030 (the “Notes”). The Notes will be sold to investors at a price of 100.000% of the principal amount thereof. The offering is expected to close on June 24, 2020, subject to customary closing conditions.The Notes will bear interest at a rate of 2.538% per annum, payable semiannually on June 15 and December 15 of each year, commencing on December 15, 2020. The Notes will mature on June 15, 2030. The Issuer intends to use the net proceeds from the offering for general corporate purposes, including the repayment of indebtedness.J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets,...

CenterPoint Energy, Inc. to Host Webcast of Second Quarter 2020 Earnings Conference Call

Written by Customer Service on June 17, 2020. Posted in Public Companies.

Houston, TX, June 17, 2020 (GLOBE NEWSWIRE) — Date: August 6, 2020Time: 10:00 a.m. Central time or 11:00 a.m. Eastern timeListen via internet: http://investors.centerpointenergy.com/Click “Investors”, and click the link “CenterPoint Energy, Inc. Second Quarter 2020 Earnings Conference Call Webcast”Headquartered in Houston, Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission & distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. CenterPoint Energy’s competitive energy businesses include energy-related services, energy efficiency and sustainability solutions, and owning and operating intrastate natural gas...

Huntington Ingalls Industries Awarded $145 Million Advance Procurement Contract for Amphibious Assault Ship LHA 9

Written by Customer Service on June 17, 2020. Posted in Public Companies.

PASCAGOULA, Miss., June 17, 2020 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that its Ingalls Shipbuilding division has received a third contract modification from the U.S. Navy for $145 million to provide long-lead-time material and advance procurement activities for amphibious assault ship LHA 9. This modification brings the total advance funding for LHA 9 to $350 million.“This advance procurement contract will help protect the health of our supplier base and strengthen our efforts to efficiently modernize the nation’s amphibious fleet as we continue to build amphibious ships for the Navy,” Ingalls Shipbuilding President Brian Cuccias said.Ingalls is the sole builder of large-deck amphibious ships for the Navy. The shipyard delivered its first amphibious assault ship, the Iwo Jima-class USS Tripoli (LPH...

Pinecrest Announces Closing of $3.0 Million Financing

Written by Customer Service on June 17, 2020. Posted in Public Companies.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATESVANCOUVER, British Columbia, June 17, 2020 (GLOBE NEWSWIRE) — Pinecrest Resources Ltd. (TSX-V: PCR) (the “Company” or “Pinecrest”) is pleased to announce the closing of the non-brokered private placement of 15,000,000 common shares (the “Private Placement”) previously announced on May 19th, 2020 at a price of $0.20 per common share for gross proceeds of $3.0 million. Post financing the Company has 79,951,297 common shares issued and outstanding with major shareholders including management and board 39%, Ruffer LLP 9% and other institutional investors owning 11%. All amounts disclosed in this press release are in Canadian dollars.Luke Alexander, President and Chief Executive Officer of Pinecrest Resources, stated:...

Brookfield Infrastructure Announces Results of Reclassification of its Series 1 Preferred Units

Written by Customer Service on June 17, 2020. Posted in Public Companies.

BROOKFIELD, NEWS, June 17, 2020 (GLOBE NEWSWIRE) — Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) today announced that after having taken into account all election notices received by the June 15, 2020 deadline for the reclassification of its Cumulative Class A Preferred Limited Partnership Units, Series 1 (the “Series 1 Units”) (TSX: BIP.PR.A) into Cumulative Class A Preferred Limited Partnership Units, Series 2 (the “Series 2 Units”), there were 298,234 Series 1 Units tendered for reclassification, which is less than the 1,000,000 units required to give effect to reclassifications of Series 1 Units into Series 2 Units. Accordingly, there will be no reclassification of Series 1 Units into Series 2 Units, and holders of Series 1 Units will retain their Series 1 Units.Brookfield Infrastructure Partners is a leading global infrastructure...

XP Inc. to Host Web Meeting to Provide Business Update

Written by Customer Service on June 17, 2020. Posted in Public Companies.

SÃO PAULO, Brazil, June 17, 2020 (GLOBE NEWSWIRE) — XP Inc. (Nasdaq: XP), a leading, technology-driven financial services platform and a trusted provider of low-fee financial products and services in Brazil, announced today that it will host a business update web meeting on Tuesday, June 23, at 4:00pm ET (5:00pm BRT). Bruno Constantino, Chief Financial Officer and Carlos Lazar, Head of Investor Relations, will provide a business update and the web meeting will conclude with a question and answer session moderated by Felipe Gaspar Salomao, Equity Research Analyst at Citi and Mariana Taddeo, Equity Research Analyst at UBS.To participate in the web meeting please subscribe at the following LINKThe replay will be available on XP’s investor relations website at https://investors.xpinc.com/.About XPXP is a leading, technology-driven financial...

Western Troy Announces Non-Brokered Private Placement of Special Warrants

Written by Customer Service on June 17, 2020. Posted in Public Companies.

TORONTO, June 17, 2020 (GLOBE NEWSWIRE) — Western Troy Capital Resources Inc. (NEX: WRY.H) (“Western Troy” or the “Company”) announces that further its press release of June 5, 2020, the Company wishes to amend the terms of its previously announced non-brokered private placement (the “Offering”). Under the revised terms of the Offering, the Company announces that it intends to complete a non-brokered private placement of up to 25,000,000 special warrants (the “Special Warrants”) at a price of $0.02 per Special Warrant (the “Purchase Price”) for gross proceeds of up to $500,000. In connection with the Offering the Company intends to complete a consolidation (the “Consolidation”) of its common shares (Each, a “Common Share”) on the basis of one post-Consolidation Common Shares for each three pre-Consolidation Commons Shares. Following...

Day: June 17, 2020

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