Month: July 2020

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES(Note: All dollar amounts in this news release are expressed in U.S. dollars except as otherwise noted. The financial results are prepared using the recognition and measurement requirements of International Financial Reporting Standards, except as otherwise noted, and are unaudited.)TORONTO, July 30, 2020 (GLOBE NEWSWIRE) — Fairfax India Holdings Corporation (TSX: FIH.U) announces net earnings of $52.4 million in the second quarter of 2020 ($0.35 net earnings per diluted share), compared to a net loss of $55.5 million in the second quarter of 2019 ($0.36 net loss per diluted share), reflecting increased net unrealized gains on investments, partially offset by decreased realized gains on investments.Highlights for second quarter of 2020 included...

HOUSTON, July 30, 2020 (GLOBE NEWSWIRE) — Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) today reported operational and financial results for the second quarter of 2020.  Key highlights for the second quarter of 2020 included:Generated $90.4 million of revenue on lower product volumes and leasing revenues, reflecting the continued impacts of the COVID-19 pandemic on global operations;Reported second quarter net loss of $14.1 million, or $0.40 per share, an improvement of $5.6 million, or $0.15 per share, from the first quarter of 2020;Recorded adjusted EBITDA of $6.0 million, or 6.7% of revenue;Improved sequential net cash provided by operating activities by $24.3 million to $3.0 million increasing cash position to $345.8 million;Completed approximately $11.5 million of previously announced annualized cost saving actions,...

MIAMI, July 30, 2020 (GLOBE NEWSWIRE) — NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (“NCLH”), announced today that, in connection with its previously announced private offering of $400 million aggregate principal amount of its 5.375% exchangeable senior notes due 2025 (the “Exchangeable Notes”), the initial purchasers have notified NCLC of their intent to purchase an additional $50 million aggregate principal amount of Exchangeable Notes pursuant to the partial exercise of their option to purchase additional Exchangeable Notes (the “Option Notes”). NCLC will issue a total of $450 million aggregate principal amount of Exchangeable Notes, which includes the Option Notes and the $400 million aggregate principal amount of Exchangeable Notes that were issued on July 21, 2020.The Option...

(Note: All dollar amounts in this news release are expressed in U.S. dollars except as otherwise noted. The financial results are prepared using the recognition and measurement requirements of International Financial Reporting Standards except as otherwise noted, and are unaudited.)TORONTO, July 30, 2020 (GLOBE NEWSWIRE) — Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) announces net earnings of $434.9 million ($15.26 net earnings per diluted share after payment of preferred share dividends) in the second quarter of 2020 compared to net earnings of $494.3 million ($17.18 net earnings per diluted share after payment of preferred share dividends) in the second quarter of 2019. Book value per basic share at June 30, 2020 was $435.11 compared to $486.10 at December 31, 2019 (a decrease of 8.3% adjusted for the $10 per common...

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ORLANDO, Fla., July 30, 2020 (GLOBE NEWSWIRE) — Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) announced today the underwriters of its previously announced underwritten public offering have exercised in full their option to purchase an additional 630,000 shares of common stock at the public offering price of $23.25 per share, resulting in approximately $13.8 million of additional net proceeds, after underwriting discounts and offering expenses. The exercise of the option is expected to close on August 3, 2020, subject to customary closing conditions.After giving effect to the full exercise of the option, the total number of shares of common stock sold by the Company in the offering increased to 4,830,000 shares and the estimated net proceeds after underwriting discounts and offering expenses are approximately...

Lyft continues to lead in providing “All-In-One-App” personal transportation solutions with the expansion of Lyft Rentals through partnership with SIXT, bringing a high-quality rental experience to consumers across the US.SAN FRANCISCO, July 30, 2020 (GLOBE NEWSWIRE) — Following the success of Lyft Rentals in California, we are excited to bring our best-in-class car rental experience to more travelers across the US through a new partnership with SIXT rent a car. With more than 280,000 premium vehicles worldwide, SIXT stands for a consistent customer focus and culture of strong technological innovation. Starting this August, Lyft riders in Seattle, Las Vegas, and Miami will be able to rent a SIXT car through the Rentals tab in the Lyft app. Following this three-city launch, we plan to expand to all cities within the SIXT...

BETHESDA, Md., July 30, 2020 (GLOBE NEWSWIRE) — Host Hotels & Resorts, Inc. (NYSE: HST) (the “Company”), the nation’s largest lodging real estate investment trust (“REIT”), today announced results for the second quarter of 2020.James F. Risoleo, President and Chief Executive Officer, said, “I am incredibly proud of Host’s swift and decisive response to the challenging operating environment we faced in the second quarter. We significantly reduced our monthly hotel-level loss from April to June by working with our operators to reopen 19 hotels in a socially and financially responsible manner while continuing to carefully control expenses. Our total portfolio grew average occupancy by 380 basis points and improved average room rates by over 50% from April through June. As importantly, we worked with our supportive lending partners...

RALEIGH, N.C., July 30, 2020 (GLOBE NEWSWIRE) — Highwoods Properties, Inc. (NYSE: HIW) (the “Company”) announced today that Highwoods Realty Limited Partnership, the operating partnership through which the Company conducts its operations (the “Operating Partnership”), has increased the principal amount of its outstanding 3.20% Notes due 2021 (CUSIP 431282 AN2) (the “Notes”) that it can purchase under its previously announced tender offer (the “Offer”) from $100,000,000 to $150,000,000 (as amended by this press release, the “Tender Cap”), subject to the conditions set forth in the offer to purchase, dated July 30, 2020 (as amended or supplemented from time to time, the “Offer to Purchase”). Except as stated herein, all other terms and conditions of the Offer, as described in the Offer to Purchase, remain the same.Information Related...

MIAMI, July 30, 2020 (GLOBE NEWSWIRE) — Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) (together with NCL Corporation Ltd., “Norwegian Cruise Line Holdings” or the “Company”) announced today it will report second quarter 2020 financial results on Thursday, August 6, 2020 at 7:00 a.m. Eastern Time with a conference call to discuss results at 10:00 a.m. Eastern Time.  The conference call will be simultaneously webcast via the Company’s Investor Relations website, www.nclhltdinvestor.com.  A replay of the webcast will be available at the same site for 30 days following the call.About Norwegian Cruise Line Holdings Ltd.Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. With a combined fleet of 28 ships with...