Day: July 22, 2020
WILMINGTON, N.C., July 22, 2020 (GLOBE NEWSWIRE) — Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or the “Company”) today reported second quarter 2020 net income of $3.8 million, or $0.09 per diluted share, compared to net income of $4.9 million, or $0.12 per diluted share, for the second quarter of 2019. The second quarter of 2020 was largely impacted by continued risks and uncertainties related to the COVID-19 pandemic. “Live Oak leveraged the power of its people and technology platforms in the second quarter of 2020 to deliver in excess of $1.7 billion of loans through the Paycheck Protection Program. We fully lived out our mission as we provided much needed capital to more than 10,000 small businesses across the U.S.,” said James S. Mahan, III, Chairman and Chief Executive Officer of Live Oak. “We are honored and humbled...
Richardson Electronics Reports Fourth Quarter and Fiscal 2020 Results and Declares Quarterly Cash Dividend
Written by Customer Service on . Posted in Dividend Reports And Estimates.
North America Display and Semiconductor Wafer Fab Revenues Grow Versus Q4 FY19Q4 and FY20 HighlightsNet sales of $37.4 million were down 11.4% from last year’s fourth quarter, primarily due to the COVID-19 impact on all three of our strategic business units.Sales increased for Canvys display solutions in North America and Semiconductor Wafer Fabrication equipment products in the fourth quarter of fiscal 2020.Gross margin increased to 30.4% of net sales versus 29.7% of net sales in the prior year’s fourth quarter due to an improved product mix and manufacturing efficiencies for PMT.Operating expenses increased $0.1 million to $12.7 million compared to the prior year’s fourth quarter.Operating loss was $1.3 million compared to an operating loss of $6.4 million in last year’s fourth quarter, which included a non-cash goodwill impairment...
NervGen Pharma Corp. Announces Public Offering
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NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, British Columbia, July 22, 2020 (GLOBE NEWSWIRE) — NervGen Pharma Corp. (TSX-V: NGEN; OTCQX: NGENF) (“NervGen” the “Company”), a biotech company dedicated to creating innovative solutions for the treatment of nerve damage and neurodegenerative diseases, today is pleased to announce a “best efforts” public offering (the “Offering”) of equity securities of the Company (“Securities”).The Offering will be led by Haywood Securities Inc. as sole bookrunner and lead-agent, on behalf of a syndicate of agents (collectively, (as defined herein), the “Agents”).The Offering is expected to be conducted in each of the provinces of British Columbia, Alberta, Ontario and Nova Scotia by way of prospectus supplement (the “Prospectus Supplement”) to...
Scorpio Tankers Inc. to Announce Second Quarter 2020 Earnings and Have a Conference Call on August 6, 2020
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MONACO, July 22, 2020 (GLOBE NEWSWIRE) — Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that on Thursday, August 6, 2020, the Company plans to issue its second quarter 2020 earnings press release in the morning (Eastern Daylight Time) and host a conference call at 9:30 AM Eastern Daylight Time and 3:30 PM Central European Summer Time.Conference Call DetailsDate: Thursday, August 6, 2020US/CANADA Dial-In Number: 1 (855) 861-2416International Dial-In Number: +1 (703) 736-7422Conference ID: 7309339Participants should dial into the call 10 minutes before the scheduled time.There will also be a simultaneous live webcast over the internet, through the Scorpio Tankers Inc. website www.scorpiotankers.com. Participants for the live webcast should register on the website approximately...
Ethan Allen Announces Earnings Release Date for Fiscal Year and Fourth Quarter 2020
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Danbury, CT, July 22, 2020 (GLOBE NEWSWIRE) — Ethan Allen Interiors Inc. (“Ethan Allen” or “the Company”) (NYSE:ETH) announced that it will release its financial and operating results for the fiscal 2020 year and fourth quarter ended June 30, 2020, after the market closes on Tuesday, August 4, 2020.Following the release, the Company will host an analyst conference call at 5:00 PM (Eastern Time) to discuss these results. The analyst conference call will be webcast live from the Company’s Investor Relations website at https://ir.ethanallen.com.To access the conference call, dial 877-705-2976 (or 201-689-8798 for international participants), and enter Meeting Number 13707073. For those unable to listen live, an archived recording of the call will be made available on the Company’s website for at least 60 days.ABOUT ETHAN ALLENEthan...
ARYA Sciences Acquisition Corp II Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing July 24, 2020
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New York, New York, July 22, 2020 (GLOBE NEWSWIRE) — ARYA Sciences Acquisition Corp II (Nasdaq: ARYBU) (the “Company”) announced today that, commencing July 24, 2020, holders of the units sold in the Company’s initial public offering of 14,950,000 units, completed on June 9, 2020, may elect to separately trade the Class A ordinary shares and warrants included in the units. Those units not separated will continue to trade on The Nasdaq Capital Market (“Nasdaq”) under the symbol “ARYBU,” and the Class A ordinary shares and warrants that are separated will trade on Nasdaq under the symbols “ARYB” and “ARYBW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s...
Kaiser Aluminum Corporation Reports Second Quarter and First Half 2020 Financial Results
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Second Quarter 2020:Net Sales $276 Million; Value Added Revenue $175 Million, Down 17% Year-over-YearNet Loss $7 Million; Net Loss per Diluted Share $0.41, Includes Pre-tax Restructuring Charges of $12 Million, or $0.57 per Diluted Share After-taxAdjusted Net Income $6 Million; Adjusted Earnings per Diluted Share $0.36Adjusted EBITDA $34 Million; Adjusted EBITDA Margin 19.7%Total Liquidity ~$1.0 BillionFirst Half 2020:Net Sales $645 Million; Value Added Revenue $391 Million, Down 9% Year-over-YearNet Income $23 Million; Net Income per Diluted Share $1.41Adjusted Net Income $36 Million; Adjusted Earnings per Diluted Share $2.27Adjusted EBITDA $94 Million; Adjusted EBITDA Margin 24.0%FOOTHILL RANCH, Calif., July 22, 2020 (GLOBE NEWSWIRE) — Kaiser Aluminum Corporation (NASDAQ:KALU), a leading producer of semi-fabricated specialty aluminum...
Braingrid Limited Provides Update on Status of Filing Annual and Interim Financial Statements and Management’s Discussion and Analysis
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TORONTO, July 22, 2020 (GLOBE NEWSWIRE) — Braingrid Limited (CSE: BGRD) (“Braingrid”) wishes to provide an update on the status of the filing of: (i) its annual financial statements and accompanying management’s discussion and analysis, and related CEO and CFO certifications, for the financial year ended January 31, 2020 (collectively, the “Annual Filings”); and (ii) its interim financial statements and accompanying management’s discussion and analysis, and related CEO and CFO certifications, for the interim period ended April 30, 2020 (collectively, the “Interim Filings”).Annual FilingsFurther to its press releases disseminated on May 29, 2020 and June 26, 2020, Braingrid obtained a temporary exemption (the “OSC Annual Temporary Exemption“) under Ontario Securities Commission (“OSC”) Instrument 51-502 Temporary...
Meritage Homes reports record second quarter 2020 orders 32% higher than prior year; 78% increase in net earnings driven by 20% revenue growth and strong margin improvement
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SCOTTSDALE, Ariz., July 22, 2020 (GLOBE NEWSWIRE) — Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, reported second quarter results for the period ended June 30, 2020.Summary Operating Results (unaudited)(Dollars in thousands, except per share amounts)MANAGEMENT COMMENTS“The spring selling season demonstrated remarkable resilience in May and June after a slow start in April due to the global pandemic, resulting in our two highest selling months ever and an all-time company record of nearly 3,600 orders for the quarter,” said Steven J. Hilton, chairman and chief executive officer of Meritage Homes. “Our absorptions were up 42% over last year’s second quarter, averaging approximately five homes per month in roughly 240 communities nationwide.“Demand for new homes is being driven by historically low mortgage...
STERIS to Host a Conference Call for Fiscal 2021 First Quarter Financial Results on August 4, 2020
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DUBLIN, IRELAND, July 22, 2020 (GLOBE NEWSWIRE) — STERIS plc (NYSE: STE) (“STERIS” or the “Company”) announced today that it will host a conference call to discuss its fiscal 2021 first quarter financial results at 10:00 a.m. Eastern Time on Tuesday, August 4, 2020. The conference call can be heard live over the Internet at www.steris-ir.com or via phone by dialing 1-833-535-2199 in the United States or 1-412-902-6776 internationally, then asking to join the conference call for STERIS plc. A press release detailing first quarter financial results will be issued after the U.S. market closes on Monday, August 3, 2020. For those unable to listen to the conference call live, a replay will be available beginning at 12:00 p.m. Eastern Time on August 4, 2020, either over the Internet at www.steris-ir.com or via phone. To access the replay...