Day: July 29, 2020

MICHIGAN CITY, Ind., July 29, 2020 (GLOBE NEWSWIRE) — (NASDAQ GS:  HBNC) — Horizon Bancorp, Inc. (“Horizon” or the “Company”) announced its unaudited financial results for the three and six months ending June 30, 2020.Craig M. Dwight, Chairman and CEO of Horizon, commented, “Horizon’s team put in an incredible performance during the second quarter to originate and process record mortgage loan volume, help thousands of local employers to access federal stimulus funding, assist borrowers with payment modifications, and safely open branches that had been operating by appointment only since March. This extraordinary effort was complimented by profitably growing and strengthening the balance sheet, maintaining solid asset quality metrics, managing expenses with customary discipline, and meaningfully growing pre–tax, pre–provision net...

GREELEY, Colo., July 29, 2020 (GLOBE NEWSWIRE) — Pilgrim’s Pride Corporation (NASDAQ: PPC) reports second quarter 2020 financial results.Second Quarter HighlightsNet Sales of $2.82 billion.Net GAAP loss of $(6.0) million.Operating Income margins of 2.2% in U.S., -13.3% in Mexico and 3.1% in Europe operations, respectively.Adjusted EBITDA of $112.2 million, or a 4.0% margin.Faced with the global Covid-19 pandemic, we remain guided by our principles of an uncompromising commitment to the safety of our team members, our duty to provide quality food globally, and our responsibility to provide continued employment opportunities and benefits for our team.Strong focus in execution and dedication by our team members, supported by portfolio strategy of differentiated products, strong Key Customer relationships, and diversified global presence...

LOUISVILLE, Ky., July 29, 2020 (GLOBE NEWSWIRE) — Churchill Downs Incorporated (Nasdaq: CHDN) (“CDI” or the “Company”) today reported business results for the second quarter ended June 30, 2020.Second Quarter 2020 Highlights/Update on OperationsNet revenue of $185.1 million, down 61% over the prior year quarterNet loss(a) of $118.8 million compared to net income(a) of $107.1 million in the prior year quarterAdjusted net loss of $21.1 million, compared to adjusted net income of $115.0 million in the prior year quarterAdjusted EBITDA of $30.1 million, down 86% compared to $215.0 million in the prior year quarterStrong performance from TwinSpires with $18.3 million of Adjusted EBITDA growth and $100.7 million of handle growth, or 21.6%, over the prior year quarter despite the rescheduling of the 146th Kentucky...

COVINGTON, La., July 29, 2020 (GLOBE NEWSWIRE) — Pool Corporation (Nasdaq:POOL) announced today that Mark W. Joslin, Senior Vice President and Chief Financial Officer, will be participating in the Jefferies Virtual Industrials Conference. Mr. Joslin will be giving a virtual presentation on Wednesday, August 5, 2020, at 10:20 AM Eastern Time. Informational materials used during the conference will be posted on POOLCORP’s website on the morning of the conference.Pool Corporation is the world’s largest wholesale distributor of swimming pool and related backyard products.  POOLCORP operates approximately 375 sales centers in North America, Europe and Australia through which it distributes more than 200,000 national brand and private label products to roughly 120,000 wholesale customers.  For more information about POOLCORP, please visit...

MUNSTER, Ind., July 29, 2020 (GLOBE NEWSWIRE) — NorthWest Indiana Bancorp (the “Bancorp” or “NWIN”), the holding company for Peoples Bank (the “Bank”), reported record net income of $5.1 million, or $1.46 per share, for the quarter ended June 30, 2020. Net income for the quarter ended June 30, 2020, increased by $1.0 million (25.9%), from the quarter ended June 30, 2019, primarily due to higher net interest income and noninterest income. For the quarter ended June 30, 2020, the return on average assets (ROA) was 1.42% and the return on average equity (ROE) was 14.32%.For the six months ended June 30, 2020, the Bancorp’s net income totaled $8.3 million, or $2.39 per share. Net income for the six months ended June 30, 2020, increased by $2.0 million (32.2%), from the six months ended June 30, 2019, primarily due to higher net interest...

PORTLAND, Maine, July 29, 2020 (GLOBE NEWSWIRE) — Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, today reported net income of $11.2 million, or $1.33 per diluted common share, for the quarter ended June 30, 2020, compared to a net loss of $603 thousand, or ($0.07) per diluted common share, for the quarter ended June 30, 2019. Net income for the year ended June 30, 2020 was $22.7 million, or $2.53 per diluted common share, compared to $13.9 million, or $1.52 per diluted common share, for the year ended June 30, 2019. Earnings were positively impacted in the quarter ended June 30, 2020 by the sale of $457.6 million in Paycheck Protection Program (“PPP”) loans to The Loan Source, Inc. (“Loan Source”) which resulted in a pre-tax net gain of $9.7 million, or approximately $6.7 million net of tax.The quarter...

IRVING, Texas, July 29, 2020 (GLOBE NEWSWIRE) — Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ:XELA), a location-agnostic global business process automation (“BPA”) leader across numerous industries, will host a conference call with the financial community to discuss results for the second quarter 2020 at 11:00 a.m. ET on August 11, 2020. Exela will issue a press release reporting its results before the start of the call.  Hosting the call and reviewing the results will be Ron Cogburn, Chief Executive Officer, and Shrikant Sortur, Chief Financial Officer. Following the review, there will be a question and answer session.The conference call will be broadcast live on Exela’s Investor Relations website at http://investors.exelatech.com.Shortly after the conclusion of the call, a replay will be available through August...

DAYTONA BEACH, Fla., July 29, 2020 (GLOBE NEWSWIRE) — CTO Realty Growth, Inc. (NYSE American: CTO) (the “Company”) today announced its operating results and earnings for the quarter ended June 30, 2020.QUARTER HIGHLIGHTSNet Income and Investment in AlpineReported net income per share of $2.71 for the second quarter of 2020, includes $1.30 of earnings per share, after tax, of a non-cash unrealized gain on the mark to market of the Company’s ownership of 2,039,644 shares of Alpine Income Property Trust, Inc. (“PINE”).COVID-19 and Collections UpdateThe Company is actively working with its tenants that have been impacted by the COVID-19 Pandemic (as defined below). During the three months ended June 30, 2020, the Company collected 80% of the Contractual Base Rent (as defined below) due during such period. As of July 28, 2020, the Company...

COLUMBIA, Md., July 29, 2020 (GLOBE NEWSWIRE) — Tenable (Nasdaq: TENB), the Cyber Exposure company, today announced the launch of a proposed underwritten public offering of 8,000,000 shares of its common stock by certain existing stockholders of Tenable. Tenable will not receive any of the proceeds from the sale of shares of common stock by the selling stockholders. The selling stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock from them at the public offering price, less underwriting discounts and commissions.J.P. Morgan, Morgan Stanley and Barclays are acting as joint book-running managers for the proposed offering.The proposed offering is being made pursuant to a shelf registration statement, including a base prospectus, filed by Tenable with the Securities...