Day: July 23, 2020

– Strong gross profit margin of 30.4%– EPS of $1.24, non-GAAP EPS of $1.36– Generated cash flow from operations of $475.7 million– Declared quarterly dividend of $0.625 per shareLOS ANGELES, July 23, 2020 (GLOBE NEWSWIRE) — Reliance Steel & Aluminum Co. (NYSE: RS) today reported its financial results for the second quarter ended June 30, 2020 (in millions, except tons which are in thousands and per share amounts).Management Commentary“The strength and resiliency of our business model produced solid results during an extraordinary and extremely challenging quarter. Because we support many customers deemed essential businesses, our tons sold declined only 17.5% compared to the first quarter of 2020,” said Jim Hoffman, President and Chief Executive Officer of Reliance. “We maintained a strong gross profit...

VANCOUVER, British Columbia, July 23, 2020 (GLOBE NEWSWIRE) — Nanotech Security Corp. (TSXV: NTS) (OTCQX: NTSFF) (“Nanotech” or the “Company”), a leader in the development of secure and memorable nano-optic security features used in the government and banknote and brand protection markets, announces the expansion of its Thurso production facility.Nanotech has invested over $1.5 million in the expansion of its 28,000 sq. ft. highly secure production facility, with improvements to increase production capacity and expand overall capabilities. As part of the expansion, Nanotech has built an ISO 7 level clean room for advanced equipment and is adding UV recombination capabilities, as well as a proprietary silver spray system and a new water-based de-metallization machine.The expansion also includes upgrades to utilities and modifications...

HERSHEY, Pa., July 23, 2020 (GLOBE NEWSWIRE) — The Hershey Company (NYSE: HSY) today announced net sales and earnings for the second quarter ended June 28, 2020.Second-Quarter 2020 Financial Results Summary1Consolidated net sales of $1,707.3 million, a decrease of 3.4%.Organic, constant currency net sales decreased 3.5%.The net impact of acquisitions and divestitures on net sales was a 0.8 point benefit, while foreign currency exchange was a 0.7 point headwind.Reported net income of $268.9 million, or $1.29 per share-diluted, a decrease of 12.8%.Adjusted earnings per share-diluted of $1.31, flat versus the same period a year ago.1 All comparisons for the second quarter of 2020 are with respect to the second quarter ended June 30, 2019“We delivered profitable sales growth in North America in the second quarter despite the increased...

BERWYN, Pa., July 23, 2020 (GLOBE NEWSWIRE) — Annovis Bio Inc. (NYSE American: ANVS), a clinical-stage drug platform company addressing Alzheimer’s disease (AD), Parkinson’s disease (PD) and other neurodegenerative diseases, today announced its CEO, Maria Maccecchini, Ph.D., will appear on the Executive Leaders Radio program, airing nationally on Radio America (www.radioamerica.org) on July 26, 2020 at 11 a.m. ET.Executive Leaders Radio is the leading business weekly radio show in the Mid-Atlantic States and broadcast nationally on over 125 terrestrial and internet radio stations. Executive Leaders Radio conducts “elite interviews” of prominent CEOs, CFOs, and Presidents focusing on “what makes people tick.” The program airing on July 26 features CEOs of life sciences companies and explores the connections...

HOUSTON, July 23, 2020 (GLOBE NEWSWIRE) — Exterran Corporation (NYSE: EXTN) (“Exterran” or the “Company”) today announced that it will release its second quarter 2020 results on Monday, August 10th, 2020 before the market opens. The Company has scheduled a conference call for Monday, August 10th, 2020 at 10 a.m. Central Time to discuss the results. The call will be broadcast live over the Internet. Investors may participate either by phone or audio webcast.About Exterran CorporationExterran Corporation (NYSE: EXTN) is a global systems and process company offering solutions in the oil, gas, water and power markets. We are a provider of natural gas processing and treatment and compression products and services, providing critical midstream infrastructure solutions to customers throughout the world. Exterran Corporation is headquartered...

Las Vegas, NV, July 23, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — DLT Resolution Inc. (DLTI), an information technology, cyber security, telecommunications and Union Services company, is pleased to announce another new Union customer for its Proprietary Vote YourChoice™ application through its wholly owned, Union Strategies Inc. (”USI”) subsidiary.This new client is another Canadian Union in the Public sector.  The selling proposition that closed the deal was the Proprietary System that USI has developed to provide electronic election services for the first time.  USI again used its deep domain knowledge of all things Union to modify the bylaws of its new customer to facilitate the change to paperless voting.  “We are very excited about this step into the future of voting,” said Fred Vecchio of Union Strategies.  “It saves...

CLINTON, N.J., July 23, 2020 (GLOBE NEWSWIRE) — Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $5.2 million, or $0.47 per diluted share, for the quarter ended June 30, 2020, an 11.4 percent decrease compared to $5.8 million, or $0.53 per diluted share for the prior year’s second quarter.   For the six months ended June 30, 2020, Unity reported net income of $10.5 million, or $0.96 per diluted share, an 8.9 percent decrease compared to $11.6 million or $1.05 per diluted share for the prior year’s period. The decreases in earnings were primarily due to an increased provision for loan losses, necessitated by the COVID-19 pandemic and governmental responses.James A. Hughes, President and CEO, commented on the financial results: “We are living in unprecedented times and throughout this challenging...

CALGARY, Alberta, July 23, 2020 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) remained focused on financial resilience in the second quarter of 2020 and used the flexibility of its assets and marketing strategy to adapt quickly to the changing external environment. This positioned the company to weather the sharp decline in benchmark crude oil prices in April by reducing volumes at its oil sands operations and storing the mobilized oil in its reservoirs for production in an improved price environment. While Cenovus’s financial results were impacted by the weak prices early in the quarter, the company captured value by quickly ramping up production when Western Canadian Select (WCS) prices increased almost tenfold from April to an average of C$46.03 per barrel (bbl) in June. As a result of this decision, Cenovus reached...

VANCOUVER, British Columbia, July 23, 2020 (GLOBE NEWSWIRE) — Tanzanian Gold Corp. (TSX: TNX); (NYSE American: TRX) (“Tanzanian Gold” or the “Company”) is pleased to announce that it has signed a flexible financing agreement for up to US$14 million of unsecured convertible debentures (the “Financing”) with institutional investors Riverfort Global Opportunities PLC. and YA II PN, Ltd. (collectively, the “Investors”). The Company has also strengthened its balance sheet by converting US$8.4 million of outstanding gold loans and convertible loans into common shares. The proceeds from the Financing will be utilized for a significant expansion of the Buckreef Project oxide mining and processing operation, the advancement of a Feasibility Study for the larger sulphide mining complex, the continuation of multiple drilling programs, and...

ATLANTA, July 23, 2020 (GLOBE NEWSWIRE) — Chart Industries, Inc. (NASDAQ: GTLS), a leading diversified global manufacturer of highly engineered equipment for the industrial gas and energy industries, today reported results for the second quarter ended June 30, 2020.  Further details can be found in the supplemental presentation included with this release.  Highlights include:Second quarter 2020 orders of $267.6 million included $125.1 million in June 2020, making it the highest order month of 2020 to date, a record order month for HLNG vehicle tanks and contributing to a record order quarter for LNG fueling stationsBooked small-scale LNG terminal order for U.S. utility customer ($13.3 million)Signed five long-term agreements with major customers including repair and service, and booked orders with 132 new customers in the second...