Day: July 28, 2020

MANCHESTER, CT, July 28, 2020 (GLOBE NEWSWIRE) — LYDALL, INC. (NYSE: LDL) today announced financial results for the second quarter ended June 30, 2020 and provided an update of COVID-19 impacts.FINANCIAL HIGHLIGHTS – Q2 2020 vs. Q2 2019GAAP FinancialsSecond quarter ending cash balance of $92.5 million, compared to $43.4 millionYear to date cash flow from operations of $40.4 million, compared to $36.2 millionNet sales of $146.2 million, down 33.8%Gross margin of 19.4%, down 110 basis pointsOperating loss of ($1.7) million, compared to operating income of $13.2 millionLoss per share of ($0.34), compared to loss per share of ($0.40)Prior year includes employee benefit plan settlement expenses of $0.86 per shareNon-GAAP Financial Measures*Organic sales decline of 31.7%Adjusted gross margin of 19.5%, down 100 basis pointsAdjusted...

Record Revenue, Adjusted Consolidated EBITDA, Adjusted EPS, Free Cash Flow;Raises Four Quarter Outlook;New President and COO Resigns to Seek CEO Role Elsewhere; andCarlos Quezada Joins the Executive Team for Good To Great Journey Part II.Conference call on Wednesday, July 29, 2020 at 9:30 a.m. central time.HOUSTON, July 28, 2020 (GLOBE NEWSWIRE) — Carriage Services, Inc. (NYSE: CSV) today announced results for the second quarter and first half of 2020 ended June 30, 2020.Mel Payne, Chairman and CEO, stated, “On February 19, 2020, we announced our annual theme for 2020 as TRANSFORMATIVE HIGH PERFORMANCE and the beginning of the five year timeframe of Carriage’s Good To Great Journey Part II. Our historically high performance in the second quarter and first six months of this year are more than equal to the standard of TRANSFORMATIVE...

BOULDER, Colo., July 28, 2020 (GLOBE NEWSWIRE) — This fall, AeroGarden, the world’s leading manufacturer of indoor garden systems, will introduce the Farm 12 and Farm 12 XL, raising the bar for fully-contained, no-mess hydroponic systems. Requiring no sun, soil, or outdoor space, these 12-pod gardens allow anyone to grow herbs, salads, and veggies, 365 days a year. An expansion to AeroGarden’s existing Farm 24 collection, the altogether new Farm 12 and Farm 12 XL boast a streamlined look and slim footprint while providing the size and height to grow taller plants like tomatoes and peppers quickly and easily. Offering half a dozen tech enhancements like fully dimmable lights, ‘Vacation Mode’ and connected home capability with Amazon Alexa, the new systems make it even easier to grow anything you can imagine.Non-GMO pre-seeded pods...

Sales of $574 million, down 10% versus prior-year quarterNet income of $37 million, or $0.61 per diluted shareIncome from continuing operations of $50 million, or $0.81 per diluted shareAdjusted income from continuing operations excluding intangibles amortization expense of $68 million, or $1.12 per diluted shareAdjusted EBITDA of $143 millionWILMINGTON, Del., July 28, 2020 (GLOBE NEWSWIRE) — Ashland Global Holdings Inc. (NYSE: ASH) today announced preliminary1 financial results for the third quarter of fiscal 2020 which ended June 30, 2020. The global specialty materials company serves customers in a wide range of consumer and industrial markets.As expected, the Ashland portfolio demonstrated resilience during the quarter, despite the global macroeconomic uncertainty brought on by the COVID-19 pandemic. Sales were $574 million,...

CHAMPAIGN, Ill., July 28, 2020 (GLOBE NEWSWIRE) — (Nasdaq: BUSE)Message from our President & CEOSecond Quarter Financial ResultsThe net income for First Busey Corporation (“First Busey” or the “Company”) for the second quarter of 2020 was $25.8 million, or $0.47 per diluted common share, as compared to $15.4 million, or $0.28 per diluted common share, for the first quarter of 2020 and $24.1 million, or $0.43 per diluted common share, for the second quarter of 2019.  Adjusted net income1 for the second quarter of 2020 was $26.2 million, or $0.48 per diluted common share, as compared to $15.5 million, or $0.28 per diluted common share, for the first quarter of 2020 and $29.5 million, or $0.53 per diluted common share, for the second quarter of 2019. Pre-provision net revenue1 for the second quarter of 2020 was $45.4 million as...

VANCOUVER, British Columbia, July 28, 2020 (GLOBE NEWSWIRE) — Triumph Gold Corp (TSX-V: TIG) (OTCMKTS: TIGCF) (“Triumph Gold” or the “Company”) is pleased to announce plans for the upcoming exploration season on their 100% owned, 200 square kilometre, road-accessible Freegold Mountain Project in the prolific Dawson Range district of mining-friendly Yukon Territory. The Project is host to three NI 43-101 Mineral Deposits and covers an extensive section of the Big Creek Fault zone, a structure related to epithermal gold and silver mineralization as well as gold-rich porphyry copper mineralization.The primary goal of the proposed exploration program is to significantly advance underexplored, near-surface gold targets of the Freegold Mountain Project. This includes epithermal gold targets of the Mount Freegold Property, southeast of...

TORONTO, July 28, 2020 (GLOBE NEWSWIRE) — Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported results of the positive internal economic study completed on its fully permitted La Yaqui Grande project located in the Mulatos District in Sonora, Mexico. Given the project’s strong economics and its proximity to the existing Mulatos operation, the Company is proceeding with construction of the project starting in the second half of 2020.   La Yaqui Grande Project HighlightsAverage annual gold production of 123,000 ounces per year starting in the third quarter of 2022. This will replace higher cost production from the main Mulatos pit, keeping combined production at approximately 150,000 ounces per yearMine-site all-in sustaining costs of $578 per ounce, significantly reducing Mulatos District all-in sustaining...

REHOVOT, Israel, and NEW YORK, July 28, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Todos Medical Ltd. (OTCQB: TOMDF), an in vitro diagnostics company focused on distributing comprehensive solutions for COVID-19 screening and diagnosis, and developing blood tests for the early detection of cancer and Alzheimer’s disease, today announced that it has completed the acquisition of the remaining shares in Breakthrough Diagnostics, Inc. from Amarantus Bioscience Holdings, Inc. (OTC: AMBS).Todos now controls full development rights to the Alzheimer’s blood diagnostic LymPro Test™. LymPro measures cell cycle dysfunction in peripheral lymphocytes. Data announced in July 2019 revealed strong and statistically significant correlation between LymPro scores and amyloid PET neuroimaging cSUVR scores (r = -0.849; p = 0.00000216).Concurrent...

WESTFORD, Mass., July 28, 2020 (GLOBE NEWSWIRE) — Kadant Inc. (NYSE: KAI) reported its financial results for the second quarter ended June 27, 2020.Second Quarter 2020 Financial HighlightsBookings decreased 24% to $133 million.Revenue decreased 14% to $153 million.GAAP diluted EPS decreased 30% to $1.00.Adjusted diluted EPS decreased 25% to $1.06.Net income decreased 29% to $12 million.Adjusted EBITDA decreased 19% to $27 million and represented 17.4% of revenue.Operating cash flow was $22 million.Our balance sheet remains healthy and our liquidity position is solid.Note: Adjusted diluted EPS, adjusted EBITDA, adjusted EBITDA margin, free cash flow, and changes in organic revenue are non-GAAP financial measures that exclude certain items as detailed later in this press release under the heading “Use of Non-GAAP Financial Measures.”Management...

HAMILTON, Bermuda, July 28, 2020 (GLOBE NEWSWIRE) — Blue Capital Reinsurance Holdings Ltd. (OTC:BCRHF) (the “Company”), a Bermuda holding company, reported the results of its Special General Meeting of Shareholders (“Special General Meeting”), that was held on July 28, 2020. The Company, through its operating subsidiaries, previously offered collateralized reinsurance in the property catastrophe market and invested in various insurance-linked securities. The Company is currently winding down its operations.During the Special General Meeting both proposals submitted to shareholders were approved.Shareholders approved that the Company will be wound up voluntarily pursuant to the provisions of the Companies Act 1981, as amended (the “Companies Act”) and that Mike Morrison and Mark Allitt of KPMG Advisory Limited will be...