Day: July 30, 2020

GLEN HEAD, N.Y., July 30, 2020 (GLOBE NEWSWIRE) — The First of Long Island Corporation (Nasdaq: FLIC), the parent company of The First National Bank of Long Island, reported net income and earnings per share for the three and six months ended June 30, 2020.  In the highlights that follow, all comparisons are of the current three or six-month period to the same period last year unless otherwise indicated.SECOND QUARTER HIGHLIGHTSNet Income and EPS were $10.8 million and $.45, respectively, compared to $10.7 million and $.43ROA and ROE were 1.02% and 11.30%, respectively, compared to 1.02% and 11.00%Net interest margin was 2.64% versus 2.58%Cost of interest-bearing deposits declined 51 basis points to .96% and cost of interest-bearing liabilities declined 43 basis points to 1.14%Cash Dividends Per Share increased 5.9% to $.18 from $.17Provided...

Presentation of positive clinical data at EHA 2020 supporting the ongoing Phase 3 trial in WHIM syndromeInitial data expected later this year from Phase 1b clinical trial in Waldenström’s macroglobulinemiaConference call today at 8:30 a.m. ETCAMBRIDGE, Mass., July 30, 2020 (GLOBE NEWSWIRE) — X4 Pharmaceuticals, Inc. (Nasdaq: XFOR), a leader in the discovery and development of novel therapies targeting diseases resulting from dysfunction of the CXCR4 pathway, today reported financial results for the second quarter ended June 30, 2020. The company also provided an update on its lead investigational candidate, mavorixafor, a novel small molecule in a Phase 3 clinical trial for patients with WHIM (warts, hypogammaglobulinemia, infections, and myelokathexis) syndrome and in two Phase 1b trials in patients with Waldenström’s macroglobulinemia...

PLANO, Texas, July 30, 2020 (GLOBE NEWSWIRE) — Integer Holdings Corporation (NYSE:ITGR), a leading medical device outsource manufacturer, today announced results for the three months ended July 3, 2020.  Unless otherwise stated, all results and comparisons are from continuing operations.Leading through the “new normal” of COVID-19COVID-19 safety measures are in place for Integer associates, who continue to deliver critical products that customers and patients rely on every day.Integer is treating the current environment as the “new normal” by increasing its agility to respond to changing customer demand and adjusting costs related to the expected temporary volume decline.Integer continues to execute its operational strategic imperatives to create long-term value.Integer is positioned to continue making strategic investments in capabilities...

Nano Dimension’s USA HQ, Boca Raton, Florida, July 30, 2020 (GLOBE NEWSWIRE) — Nano Dimension Ltd. (Nasdaq: NNDM), a leading Additively Manufactured Electronics (AME)/PE (Printed Electronics) provider, today announced that it will release its full results for the second quarter of 2020 before the Nasdaq market opens on Thursday, August 13, 2020. Mr. Yoav Stern, President and Chief Executive Officer, and Ms. Yael Sandler, Chief Financial Officer, will host a conference call on August 13, 2020, at 9:00 a.m. ET, to discuss the financial results. To attend the conference call, please dial one of the following teleconferencing numbers. Please begin by placing your calls five minutes before the conference call commences. If you are unable to connect using the toll-free number, please try the international dial-in number. U.S. Dial-in...

EDMONTON, Alberta, July 30, 2020 (GLOBE NEWSWIRE) — Capital Power Corporation (TSX: CPX) today released financial results for the quarter ended June 30, 2020.HighlightsGenerated net cash flows from operating activities of $91 million and adjusted funds from operations (AFFO) of $97 million in the second quarter of 2020Generated net income of $23 million and adjusted EBITDA of $217 million in the second quarter of 2020Proceeding with the Strathmore Solar project that will add 40.5 megawatts in early 2022Proceeding with the third phase of the Whitla Wind facility that will add 54 megawatts in late 2021Capital Power Executive team realigned for the futureIncreased the common share dividend by 6.8% to $2.05 per year representing the seventh consecutive annual increase“Capital Power’s financial results in the second quarter of 2020 were...

Generated $137 million of operating cash flow; free cash flow of $100 millionTotal liquidity of $417 million including $193 million of cash on handExecuted portfolio and cost initiatives expected to deliver $60-$70 million in annual cost savingsPHILADELPHIA, July 30, 2020 (GLOBE NEWSWIRE) — Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced financial results for the fiscal fourth quarter and year ended June 30, 2020. For the quarter, the Company reported a net loss of $118.4 million, or $2.46 loss per diluted share. Excluding special items, adjusted loss per diluted share was $0.31 in the quarter.“We generated strong free cash flow in the quarter which further strengthened our already healthy liquidity position via a significant reduction in inventory,” said Tony R. Thene, President and CEO of Carpenter...

Second Quarter 2020 Results:Net earnings of $1.7 million, compared to $2.3 million for Q2 2019 Earnings per share of $0.47 per share, compared to $0.64 per share for Q2 2019 Provision for loan losses of $450 thousand, compared to none for Q2 2019 Allowance for loan losses to total loans of 1.14%, compared to 0.95% at year-end 2019 $36.5 million in Paycheck Protection Program loans as of June 30, 2020AUBURN, Ala., July 30, 2020 (GLOBE NEWSWIRE) — Auburn National Bancorporation, Inc. (Nasdaq: AUBN) reported net earnings of $1.7 million, or $0.47 per share, for the second quarter of 2020, compared to $2.3 million, or $0.64 per share, for the second quarter of 2019.  Net earnings for the first six months of 2020 were $3.5 million, or $0.97 per share, compared to $4.9 million, or $1.35 per share, for the first six months of 2019.“Our...

HAMILTON, Ontario, July 30, 2020 (GLOBE NEWSWIRE) — Ackroo Inc. (TSX-V: AKR; OTC: AKRFF) (the “Company” or “Ackroo”), a loyalty marketing, gift card and payments technology and services provider, has filed its financial results for the period ended June 30, 2020. The results for the period ended June 30, 2020 reflect 26% year over year revenue growth from Q2 2019 and include a 49% increase in EBITDA over the same period in 2019. The Company also completed its ninth acquisition further expanding into payment services, made several product enhancements and efficiently managed through the challenging Covid-19 business climate with an even stronger balance sheet and business going into Q3.“Q2 was a challenging quarter personally and professionally for all businesses,” said Steve Levely, CEO at Ackroo. “Moving to a remote work environment...

ISELIN, N.J., July 30, 2020 (GLOBE NEWSWIRE) — Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $14.3 million, or $0.22 per basic and diluted share, for the three months ended June 30, 2020, compared to net income of $24.4 million, or $0.38 per basic and diluted share, for the three months ended June 30, 2019. For the six months ended June 30, 2020, the Company reported net income of $29.2 million, or $0.45 per basic and diluted share, compared to net income of $55.3 million, or $0.85 per basic and diluted share, for the same period last year. The Company’s earnings for the three and six months ended June 30, 2020 were adversely impacted by elevated provisions for credit losses primarily related to the current weak economic forecast attributable to the COVID-19 pandemic, combined with the January...

SALT LAKE CITY, July 30, 2020 (GLOBE NEWSWIRE) — Overstock.com, Inc. (NASDAQ:OSTK) today reported financial results for the quarter ended June 30, 2020.Second Quarter Financial HighlightsTotal net revenue was $783 million, an increase of 109% year over yearGross profit was $180 million or 23.0% of total net revenue, an improvement of 321 basis points year over yearNet income attributable to stockholders of Overstock.com, Inc. was $36 million, an improvement of $61 million year over yearDiluted earnings per share was $0.84, an improvement of $1.53 year over yearAdjusted EBITDA (non-GAAP) was $42 million, an improvement of $55 million year over yearYTD net cash provided by operating activities was $170 million, an improvement of $236 million year over yearYTD free cash flow (non-GAAP) improved $237 million year over yearAt the end...