Month: July 2020

Net income for the three months ended June 30, 2020 was $4.29 million compared to $5.06 million for the three months ended June 30, 2019. The decrease in net income occurred primarily because the Company recorded a $1.40 million loan loss provision in the three months ended June 30, 2020. The increase in loan loss provision occurred primarily from an increase in the qualitative factors used to calculate the allowance for loan losses. The qualitative factors increased because Hawaii’s unemployment rate has risen due to the government mandates to minimize the spread of COVID-19.Fully-diluted earnings per share for the three months ended June 30, 2020 was $0.47 per share compared to $0.54 per share for the three months ended June 30, 2019.Net interest margin was 2.94% for the three months ended June 30, 2020 compared to 2.87% for the three...

BURLINGTON, Mass., July 30, 2020 (GLOBE NEWSWIRE) — Flexion Therapeutics, Inc. (Nasdaq:FLXN) today announced that it will report its second-quarter 2020 financial results and recent business highlights after the close of the U.S. financial markets on Wednesday, August 5, 2020.About Flexion Therapeutics Flexion Therapeutics (Nasdaq:FLXN) is a biopharmaceutical company focused on the development and commercialization of novel, local therapies for the treatment of patients with musculoskeletal conditions, beginning with osteoarthritis, the most common form of arthritis. The Company’s core values are focus, ingenuity, tenacity, transparency and fun. Visit flexiontherapeutics.com.Contact:Scott YoungVice President, Corporate Communications & Investor RelationsT: 781-305-7194syoung@flexiontherapeutics.com

LOUDON, Tenn., July 30, 2020 (GLOBE NEWSWIRE) — Axis Wake Research® is proud to announce the launch of the all-new 2021 AXIS A24. The largest boat in the Axis line, the A24 features patented Axis Wake technology that effortlessly creates pro-quality wakes and waves that are clean and customizable, and it comes nicely equipped starting at under $100,000 USD*. “For 2021 we took all the A24’s greatest assets—its size, its maneuverability, its straightforward technology, its bold styling, its value and its versatile wake and wave—and we improved it even further,” said CEO Jack Springer. “We pushed the designers and engineers harder than ever to take this boat to the next level and the result is a 24-foot boat that is so far ahead of the competition it’s mind blowing, and we still didn’t sacrifice on the tremendous value the Axis name...

Shreveport, Louisiana , July 30, 2020 (GLOBE NEWSWIRE) — HOME FEDERAL BANCORP, INC. OF LOUISIANA REPORTS RESULTS OF OPERATIONS FOR THE THREE MONTHS AND YEAR ENDED JUNE 30, 2020Shreveport, Louisiana – July 30, 2020 – Home Federal Bancorp, Inc. of Louisiana (the “Company”) (Nasdaq: HFBL), the holding company of Home Federal Bank, reported net income for the three months ended June 30, 2020 of $1.0 million, compared to $1.2 million for the three months ended June 30, 2019. The Company’s basic and diluted earnings per share were $0.63 and $0.61, respectively, for the three months ended June 30, 2020 compared to basic and diluted earnings per share of $0.66 and $0.62, respectively, for the three months ended June 30, 2019. The Company reported net income of $3.9 million for the year ended June 30, 2020 compared to $4.7 million for the...

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...