Month: July 2020

Mettler-Toledo International Inc. to Host Second Quarter 2020 Earnings Conference Call

Written by Customer Service on July 16, 2020. Posted in Earnings Releases And Operating Results.

Columbus, OH, July 16, 2020 (GLOBE NEWSWIRE) — Mettler-Toledo International Inc. (NYSE:MTD) today announced it will host a conference call to discuss the Company’s quarterly results on Thursday, July 30, 2020 at 5:00 p.m. Eastern Time. To hear a live webcast of the call, visit www.mt.com/investors on the Company’s website. A replay of the webcast will be available until August 3, 2020. METTLER TOLEDO (NYSE: MTD) is a leading global supplier of precision instruments and services. We have strong leadership positions in all of our businesses and believe we hold global number-one market positions in most of them. We are recognized as an innovation leader and our solutions are critical in key R&D, quality control, and manufacturing processes for customers in a wide range of industries including life sciences, food,...

BRP Group, Inc. Enters Into Agreement to Acquire Medicare Insurance Advisors, Inc.

Written by Customer Service on July 16, 2020. Posted in Mergers And Acquisitions.

TAMPA, Fla., July 16, 2020 (GLOBE NEWSWIRE) — BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), a rapidly growing independent insurance distribution firm delivering tailored insurance solutions, today announced that BRP Medicare Insurance III, LLC, a subsidiary of BRP Group operating as Guided Medicare Solutions (“Guided”), has entered into an agreement to acquire substantially all assets of Medicare Insurance Advisors, Inc., a Knoxville, Tennessee-based independent Field Marketing Organization for Medicare insurance solutions. Medicare Insurance Advisors generated annual revenues of approximately $1.2 million. The Partnership is expected to close August 1, 2020, subject to certain closing conditions.Medicare Insurance Advisors differentiates itself by taking an educational approach relative to its various Medicare...

BRP Group, Inc. Announces Agreement to Acquire Fletcher Financial Group, Inc.

Written by Customer Service on July 16, 2020. Posted in Mergers And Acquisitions.

TAMPA, Fla., July 16, 2020 (GLOBE NEWSWIRE) — BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), a rapidly growing independent insurance distribution firm delivering tailored insurance solutions, today announced that BRP Medicare Insurance III, LLC, a subsidiary of BRP Group operating as Guided Medicare Solutions (“Guided”), has entered into a definitive agreement to acquire substantially all assets of Fletcher Financial Group, Inc. (“Fletcher Financial”), a Spokane, Washington-based independent Field Marketing Organization that provides expertise, information and access to senior health products for individual and group clients. The Partnership is expected to close August 1, 2020, subject to certain closing conditions.Fletcher Financial works closely with AgencyRM, a BRP Group Partnership, and generated annual revenues...

South Plains Financial, Inc. Declares Regular Quarterly Cash Dividend

Written by Customer Service on July 16, 2020. Posted in Dividend Reports And Estimates.

LUBBOCK, Texas, July 16, 2020 (GLOBE NEWSWIRE) — South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.03 per share of common stock, payable on August 10, 2020, to shareholders of record as of the close of business on July 27, 2020. The amount and timing of any future dividend payments to the Company’s shareholders will be subject to the discretion of the Company’s Board of Directors.About South Plains Financial, Inc.South Plains is the bank holding company for City Bank, a Texas state-chartered bank headquartered in Lubbock, Texas. City Bank is one of the largest independent banks in West Texas and has additional banking operations in the Dallas, El Paso, Greater Houston, the...

Aehr Test Systems Reports Fiscal 2020 Fourth Quarter and Full Year Results and Provides Financial Guidance for Growth and Profitability in Fiscal 2021

Written by Customer Service on July 16, 2020. Posted in Earnings Releases And Operating Results.

FREMONT, Calif., July 16, 2020 (GLOBE NEWSWIRE) — Aehr Test Systems (NASDAQ: AEHR), a worldwide supplier of semiconductor test and reliability qualification equipment, today announced financial results for its fiscal 2020 fourth quarter and full year ended May 31, 2020.Fiscal Fourth Quarter Financial Results:Net sales were $3.8 million, compared to $7.2 million in the fourth quarter of fiscal 2019.GAAP net loss was $2.9 million, or $0.13 per diluted share, and includes approximately $1.9 million in charges, or $0.08 per share, consisting of a $1.6 million adjustment for excess and obsolete inventory and a $220,000 adjustment related to workforce reductions in the Company’s German and Japan subsidiaries as part of the Company’s cost reduction initiatives announced during its third quarter conference call. This compares to GAAP net...

Marten Transport Announces Second Quarter Results and Declares Three-for-Two Stock Split and Regular Quarterly Dividend With a 50% Increase in Cash Payout

Written by Customer Service on July 16, 2020. Posted in Earnings Releases And Operating Results.

MONDOVI, Wis., July 16, 2020 (GLOBE NEWSWIRE) — Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported a 19.4% improvement in net income to $18.1 million, or 33 cents per diluted share, for the second quarter ended June 30, 2020, from $15.2 million, or 28 cents per diluted share, for the second quarter of 2019. For the first six months of 2020, net income improved 10.8% to $31.9 million, or 58 cents per diluted share, from $28.7 million, or 52 cents per diluted share, for the first six months of 2019.Marten Transport also announced today that its Board of Directors has declared a three-for-two stock split of the company’s common stock and a regular quarterly cash dividend of $0.04 per share of common stock. The stock split, while maintaining the current quarterly cash dividend amount per share, effectively increases the cash payout...

Frequency Electronics, Inc. Announces Fiscal Year 2020 Results

Written by Customer Service on July 16, 2020. Posted in Earnings Releases And Operating Results.

MITCHEL FIELD, N.Y., July 16, 2020 (GLOBE NEWSWIRE) — Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues of $41.5 million for fiscal year 2020 ended April 30, 2020, compared to revenues of $49.5 million for fiscal year 2019, ended April 30, 2019. Operating loss for fiscal year 2020 was $10.9 million compared to an operating loss of $2.8 million for fiscal year 2019. Net loss from operations for the fiscal year was $10.0 million or ($1.10) per diluted share compared to a net loss of $2.5 million or ($0.28) per diluted share for fiscal year 2019.FEI CEO Stan Sloane commented, “Revenues for the year reflect delays in anticipated contract awards that were expected to generate revenue. We now expect that revenue in the current fiscal year. We were also impacted by vendors in our supply chain being...

Bassett Declares Regular Quarterly Dividend and Reinstates Previously Deferred Dividend

Written by Customer Service on July 16, 2020. Posted in Dividend Reports And Estimates.

BASSETT, Va., July 16, 2020 (GLOBE NEWSWIRE) — Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that its Board of Directors has declared a regular quarterly dividend of $0.08 per share of common stock, representing a 36% reduction due to the uncertainties around the COVID-19 pandemic. The Board also reinstated the dividend of $0.125 per share of outstanding common stock that was previously deferred on March 31, 2020 due to economic and financial disruptions caused by the pandemic. Both dividends are payable on August 28, 2020 to shareholders of record at the close of business on August 14, 2020.“Our Board of Directors met yesterday with Management to review the effects of the COVID-19 pandemic on our business and our plans for the future,” said Rob Spilman, Chairman and CEO. “I am pleased that the Board reinstated...

Luna Announces Second-Quarter 2020 Financial Release Date of August 6, 2020

Written by Customer Service on July 16, 2020. Posted in Public Companies.

ROANOKE, VA, July 16, 2020 (GLOBE NEWSWIRE) — Luna Innovations Incorporated (NASDAQ: LUNA) announced today it will report its second-quarter financial results for the period ended June 30, 2020 after the close of the stock market on Thursday, August 6, 2020. Following the release, at 5 p.m. Eastern, Scott Graeff, President and Chief Executive Officer; Gene Nestro, Chief Financial Officer; Brian Soller, Senior Vice President and General Manager of the Lightwave Division; and James Garrett, Senior Vice President and General Manager of the Luna Labs Division will host a conference call to discuss the second-quarter earnings results.The investor conference call will be available via live webcast on the Luna website at www.lunainc.com under the tab “Investor Relations.” To participate by telephone, the domestic dial-in number is 844.578.9643...

Sanatana Announces Increase in Private Placement

Written by Customer Service on July 16, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, July 16, 2020 (GLOBE NEWSWIRE) — Sanatana Resources Inc. (“Sanatana” or the “Company”) is pleased to announce that due to investor demand it has increased the size of its private placement previously announced on July 7, 2020. Sanatana now proposes to issue up to (i) 11,500,000 units of the Company (the “Units”) and 7,083,333 flow-through units of the Company (the “FT Units”) for aggregate gross proceeds of up to $2,000,000 and priced at $0.10 per Unit and $0.12 per FT Unit. Each Unit will consist of one common share in the capital of Sanatana (a “Share”) and one half of a share purchase warrant (each whole warrant, a “Unit Warrant”). Each FT Unit will consist of one Share which will be designated as a flow-through share (a “FT Share”) pursuant to the Income Tax Act (Canada) and one half of a share...

Month: July 2020

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