Day: July 30, 2020

DERIDDER, La., July 30, 2020 (GLOBE NEWSWIRE) — AMERISAFE, Inc. (Nasdaq: AMSF), a specialty provider of workers’ compensation insurance focused on high hazard industries, today announced results for the second quarter ended June 30, 2020.G. Janelle Frost, President and Chief Executive Officer, observed, “AMERISAFE’s fundamentals are crucial in these unprecedented times.  We are serving our stakeholders with disciplined underwriting, proactive safety and intensive claims management, which produce consistent returns, quality insurance services and financial stability.  This quarter those fundamentals led to favorable prior year case development and a combined ratio of 78.5%.  Over time, those fundamentals have led to twelve consecutive years as one of Ward’s Top 50 P&C companies.  We are honored by the recognition and encouraged...

NEWPORT NEWS, Va., July 30, 2020 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that a Newport News Shipbuilding division employee was recognized as an emerging leader by the Manufacturing Institute.Jennifer Brady, a mechanical engineer, was selected to receive the Emerging Leader Award, which recognizes rising female talent currently employed in the manufacturing industry that has made significant contributions and excelled early in their career.Brady began her a career at Newport News in June 2016 where she supported propulsion plant work on aircraft carriers. She also serves as a mentor through a program that pairs qualified individuals with elementary school-aged children in low-income areas.A photo accompanying this release is available at: https://newsroom.huntingtoningalls.com/file/jennifer-brady.The...

Third quarter net revenues of $80.6 million compared to net revenues of $126.0 million for the same period of fiscal 2019 driven by disruptions in customer demand caused by the COVID-19 pandemic which impacted all of the Company’s major markets, but most pronounced in the aerospace market with steep reductions in airframe and engine builds.Third quarter net loss of $(8.1) million, or $(0.65) per diluted share, compared to net income of $3.8 million, or $0.30 per diluted share, for the same period of fiscal 2019 with significant gross margin compression due to unfavorable fixed cost absorption caused by the low volumes produced in our facilities, charges to implement cost reductions and higher reserves needed for inventory.  In addition, tax expense was unfavorably impacted by income tax valuation allowances.Cash increased by $13.1 million...

LITTLE ROCK, Ark., July 30, 2020 (GLOBE NEWSWIRE) — Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its President, Chief Executive Officer, Kenny Gunderman, and Vice President, Finance and Investor Relations, Bill DiTullio, are scheduled to participate at the Cowen 2020 Communications Infrastructure Summit. The presentation is scheduled for 9:20 AM ET on August 12, 2020.You may access a live webcast of the virtual event on Uniti’s website at www.uniti.com under the Investors tab. The webcast will be available for replay for a limited time on Uniti’s website following the presentation.ABOUT UNITIUniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for...

GARDEN CITY, N.Y., July 30, 2020 (GLOBE NEWSWIRE) — Lifetime Brands, Inc. (NasdaqGS: LCUT), a leading global designer, developer and marketer of a broad range of branded consumer products used in the home, will release its second quarter 2020 financial results at 7:00 a.m. (Eastern Time) on Thursday, August 6, 2020.The Company has scheduled a conference call for 11:00 a.m., at which time Chief Executive Officer Rob Kay and Chief Financial Officer Larry Winoker will discuss the Company’s financial results and will be available to answer investor questions.The dial-in number for the conference call is (866) 610-1072 (U.S.) or (973) 935-2840 (International), Conference ID: 5281916. A live webcast of the conference call will be accessible through https://event.on24.com/wcc/r/2543314/737B029FC6ACB6B3E0918C7EDE7A71F0. For those...

FAIRFIELD, N.J., July 30, 2020 (GLOBE NEWSWIRE) — Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended June 30, 2020 of $13.7 million, or $0.17 per diluted share. The results represent an increase of $4.4 million compared to $9.3 million, or $0.11 per diluted share, for the quarter ended March 31, 2020.For the fiscal year ended June 30, 2020, the Company reported net income of $45.0 million representing an increase of $2.9 million compared to $42.1 million for the fiscal year ended June 30, 2019. The increase in net income reflected a 20% increase in earnings per diluted share to $0.55 for the year ended June 30, 2020 from $0.46 for the year ended June 30, 2019.Craig L. Montanaro, President and Chief Executive Officer, commented, “I am...

NEW YORK, July 30, 2020 (GLOBE NEWSWIRE) — Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI), today reported results for the quarter and six months ended June 30, 2020. Second quarter 2020 net income per share of common stock was $0.36 and Operating Earnings (a non-GAAP financial measure defined below) was ($0.07) per share of common stock, and Operating Earnings excluding realized loss on investments and interest rate swap (described below) was $0.38 per share of common stock. “ARI had another quarter of solid operations, as the Company reported strong earnings, declared a dividend per share of common stock of $0.35 and preserved excess liquidity, ending the quarter with over $487 million of cash,” said Stuart Rothstein, Chief Executive Officer and President of ARI.  “I remain extremely proud of the...

SANTA ANA, Calif., July 30, 2020 (GLOBE NEWSWIRE) — Ducommun Incorporated (NYSE:DCO) (“Ducommun” or the “Company”) today reported results for its second quarter ended June 27, 2020.Second Quarter 2020 RecapRevenue was $147.3 millionNet income of $5.1 million, or $0.43 per diluted shareAdjusted net income of $5.6 million, or $0.48 per diluted shareGross margin increased 110 basis points year-over-year to 22.2%Adjusted EBITDA was $20.3 million“This past quarter proved to be one of the most challenging in our history, but Ducommun’s performance highlights both the strength and diversity of our business as well as the many measures taken to streamline and optimize our operations since I joined the Company in 2017,” said Stephen G. Oswald, chairman, president and chief executive officer. “Due to the ongoing COVID-19 pandemic, commercial...