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Month: July 2020

Meritage Homes reports record second quarter 2020 orders 32% higher than prior year; 78% increase in net earnings driven by 20% revenue growth and strong margin improvement

SCOTTSDALE, Ariz., July 22, 2020 (GLOBE NEWSWIRE) — Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, reported second quarter results for the period ended June 30, 2020.Summary Operating Results (unaudited)(Dollars in thousands, except per share amounts)MANAGEMENT COMMENTS“The spring selling season demonstrated remarkable resilience in May and June after a slow start in April due to the global pandemic, resulting in our two highest selling months ever and an all-time company record of nearly 3,600 orders for the quarter,” said Steven J. Hilton, chairman and chief executive officer of Meritage Homes. “Our absorptions were up 42% over last year’s second quarter, averaging approximately five homes per month in roughly 240 communities nationwide.“Demand for new homes is being driven by historically low mortgage...

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STERIS to Host a Conference Call for Fiscal 2021 First Quarter Financial Results on August 4, 2020

DUBLIN, IRELAND, July 22, 2020 (GLOBE NEWSWIRE) — STERIS plc (NYSE: STE) (“STERIS” or the “Company”) announced today that it will host a conference call to discuss its fiscal 2021 first quarter financial results at 10:00 a.m. Eastern Time on Tuesday, August 4, 2020.  The conference call can be heard live over the Internet at www.steris-ir.com or via phone by dialing 1-833-535-2199 in the United States or 1-412-902-6776 internationally, then asking to join the conference call for STERIS plc. A press release detailing first quarter financial results will be issued after the U.S. market closes on Monday, August 3, 2020. For those unable to listen to the conference call live, a replay will be available beginning at 12:00 p.m. Eastern Time on August 4, 2020, either over the Internet at www.steris-ir.com or via phone.  To access the replay...

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Smile Direct Club to Report Second Quarter 2020 Results on August 12, 2020

NASHVILLE, Tenn., July 22, 2020 (GLOBE NEWSWIRE) — SmileDirectClub, Inc. (Nasdaq: SDC), the first direct-to-consumer telehealth platform for teeth straightening, announced today it will report results for the second quarter 2020 on Wednesday, August 12 after close of market.Alison Sternberg, SmileDirectClub’s Vice President of Investor Relations, will host a conference call with David Katzman, Chief Executive Officer and Chairman, and Kyle Wailes, Chief Financial Officer, to discuss these results at 4:30 p.m. Eastern Time. SmileDirectClub Second Quarter 2020 Conference Call Details Date: Wednesday, August 12, 2020 Time: 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) Dial-In: 1-877-407-9208 (domestic) or 1-201-493-6784 (international) Webcast: Visit “Events and Presentations” section of the company’s IR page at http://investors.smiledirectclub.com.A...

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New Pacific Announces Spin-Out of Tagish Lake Gold Project to Create Whitehorse Gold

VANCOUVER, British Columbia, July 22, 2020 (GLOBE NEWSWIRE) — New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: NUPMF) (“New Pacific” or the “Company”) announces it has established a wholly-owned subsidiary, Whitehorse Gold Corp. (“Whitehorse Gold”), to hold its 100% owned Tagish Lake Gold Project, Yukon, Canada.  The Company intends to directly or indirectly distribute Whitehorse Gold common shares to New Pacific shareholders on a pro rata basis by way of a plan of arrangement and apply to list the Whitehorse Gold common shares on the TSX Venture Exchange (the “Exchange“).The spin-out would enable the Company’s shareholders to realize the value of the Tagish Lake Gold Project in the current strong gold market through direct ownership in Whitehorse Gold.  Upon completion of the spin-out, the Company would continue to focus...

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Home Federal Bancorp, Inc. of Louisiana Announces Increase in the Quarterly Cash Dividend to $0.165 Per Share

SHREVEPORT, La., July 22, 2020 (GLOBE NEWSWIRE) — Home Federal Bancorp, Inc. of Louisiana (the “Company”) (NASDAQ: HFBL) the holding company for Home Federal Bank announced today that its Board of Directors at their meeting on July 22, 2020, declared an increase in the quarterly cash dividend to $0.165 per share on the Company’s common stock. The dividend is payable on August 17, 2020, to the shareholders of record at the close of business on August 3, 2020.James R. Barlow, President and Chief Executive Officer, stated, “This seventh annual increase in our dividend rate, and 61st consecutive quarterly cash dividend, reflects our continued commitment to creating value for our shareholders and confidence in the financial strength and long-term prospects for our Company.  This represents a 3.125% increase in the dividend rate and,...

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WOW! Unlimited Media’s Mainframe Studios Expands its Preschool Presence with Major New Hire

TORONTO and VANCOUVER, British Columbia, July 22, 2020 (GLOBE NEWSWIRE) — WOW! Unlimited Media Inc.’s (TSX-V: WOW / OTCQX: WOWMF) Mainframe Studios is thrilled to announce the hire of industry leader Tanya Green for the newly created role of Head of Preschool. Tanya will oversee all new preschool content, including new IP, co-productions, and partnerships with creators globally to build out the studio’s preschool portfolio.“Bringing on Tanya as the Head of Preschool marks an exciting push in building Mainframe’s preschool slate as part of our overall expansion of original IP productions,” said Michael Hefferon, President and CCO of Mainframe Studios. “Tanya’s unmatched experience, creative spirit, and collaborative nature with talent is key for the studio’s drive to produce extraordinary and innovative preschool content for kids.”Tanya...

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Alpine Income Property Trust, Inc. Reports Operating Results for the Quarter Ended June 30, 2020

DAYTONA BEACH, Fla., July 22, 2020 (GLOBE NEWSWIRE) — Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) today announced its operating results and earnings for the three and six months ended June 30, 2020.Selected HighlightsReported Net Income per diluted share attributable to PINE of $0.03, for the three months ended June 30, 2020.Reported FFO per diluted share of $0.29, for the three months ended June 30, 2020.Reported AFFO per diluted share of $0.16, for the three months ended June 30, 2020.Collected 94% of the Contractual Base Rent (as defined below) due in July 2020.Reintroducing its guidance for the full year ending December 31, 2020.Acquired two single-tenant income properties for a total investment of approximately $28.6 million, reflecting a weighted average going-in investment cap rate of approximately 6.7%....

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Mercury Systems Receives $11.7M in Digital RF Memory Jammer Orders from U.S. Navy

ANDOVER, Mass., July 22, 2020 (GLOBE NEWSWIRE) — Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, announced it received $11.7 million in orders against its previously announced $152 million 5 year sole-source basic ordering agreement (BOA) to deliver advanced Digital RF Memory (DRFM) jammers to the U.S. Navy. The orders were received in the fourth quarter of the Company’s fiscal 2020 year and are expected to be delivered over the next several quarters.       Mercury DRFM jammers are size, weight and power (SWaP) optimized to meet the electronic protection requirements of airborne pod-based solutions and incorporate decades of DRFM technology development, validated electronic attack techniques and custom RF components purpose-built to support...

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Landstar System Reports Second Quarter Revenue of $824 Million and Diluted Earnings Per Share of $0.63

JACKSONVILLE, Fla., July 22, 2020 (GLOBE NEWSWIRE) — Landstar System, Inc. (NASDAQ: LSTR) reported diluted earnings per share of $0.63 in the 2020 second quarter on revenue of $824 million. Included in the Company’s 2020 second quarter financial results were:approximately $12.6 million, or $0.25 per diluted share, in payments made to the Company’s BCOs and agents in April and May under the Company’s previously disclosed pandemic relief incentive program;a charge of approximately $2.6 million, or $0.05 per diluted share, due to the impairment of certain assets associated with Landstar’s Mexico operation relating to a decrease of business within Mexico; and  approximately $2.3 million, or $0.05 per diluted share, due to higher third party insurance company premiums incurred in May and June for commercial trucking liability coverage...

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Atlas Technical Consultants Announces Date for Second Quarter 2020 Results

AUSTIN, Texas, July 22, 2020 (GLOBE NEWSWIRE) — Atlas Technical Consultants, Inc. (Nasdaq: ATCX) (“Atlas” or the “Company”), a leading provider of professional testing, inspection, engineering, program management and consulting services, announced today that the Company will release its second quarter 2020 financial results after the market closes on Monday, August 10, 2020. A webcast and conference call will be held that same day at 5:00 p.m. Eastern time (4:00 p.m. Central time) to review the Company’s second quarter results, discuss recent events and conduct a question-and-answer session.The live webcast and archived replay of the conference call can be accessed on the Investors section of the Company’s website at www.oneatlas.com. For those unable to access the webcast, the conference call will be accessible domestically or...

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