Day: August 3, 2020

Huttig Building Products, Inc. Announces Second Quarter 2020 Results and Provides Business Update on COVID-19 Impact

Written by Customer Service on August 3, 2020. Posted in Public Companies.

Second Quarter 2020 Highlights (as compared to prior year quarter):Net sales decreased 12.1% to $192.0 millionGross margin of 20.2% compared to 20.3%Operating income of $2.5 million, net of $1.5 million restructuring charge. Operating income before restructuring charge was $4.0 million compared to $3.3 million.Adjusted EBITDA of $5.7 million compared to $5.1 millionTotal liquidity increased to $56.0 million compared to $39.6 million a year agoReduced senior indebtedness by $32.2 million compared to a year agoST. LOUIS, Aug. 03, 2020 (GLOBE NEWSWIRE) — Huttig Building Products, Inc. (“Huttig” or the “Company”) (NASDAQ: HBP), a leading domestic distributor of millwork, building materials and wood products, today reported financial results for the second quarter ended June 30, 2020, and provided a business update on its response to...

America’s Car-Mart Opens New Dealership in Chattanooga, TN

Written by Customer Service on August 3, 2020. Posted in Public Companies.

Rogers, Arkansas , Aug. 03, 2020 (GLOBE NEWSWIRE) — America’s Car-Mart, Inc. (NASDAQ: CRMT) opened its 150th dealership located in Chattanooga, TN on July 31st. This will be the seventh dealership in Tennessee and the second dealership opening in fiscal year 2021. The dealership will be managed by Char Green, with the assistance of Heather Horne. This will be the second dealership managed by Ms. Green as we look to expand the number of customers served by our top performing general managers.“A great deal of thought and foresight is placed on our decisions about where to grow. We select communities where we believe we can fill a void when it comes to what we offer at Car-Mart,” said Jeff Williams, President and Chief Executive Officer, “We’re different from traditional dealerships. In addition to providing quality, used vehicles...

Eagle Growth and Income Opportunities Fund Announces First Liquidating Distribution

Written by Customer Service on August 3, 2020. Posted in Public Companies.

BOSTON, Aug. 03, 2020 (GLOBE NEWSWIRE) — Eagle Growth and Income Opportunities Fund (the “Fund”) (formerly NYSE: EGIF) today announced its first liquidating distribution. Consistent with the Fund’s previously-announced liquidation plans, the Fund’s shares ceased trading on the New York Stock Exchange before the open of trading on July 28, 2020. In addition, on August 3, 2020, the Fund distributed to shareholders of record as of the close of business on July 27, 2020 $8.75 per share in a cash liquidating distribution. This represents a return to shareholders of 63.5% of the Fund’s net asset value per share as of July 31, 2020, and 91.5% of the Fund’s net asset value per share as of July 31, 2020, excluding the Fund’s net assets that have been reserved, as determined by the Fund’s Board...

SWM ANNOUNCES CONFERENCE CALL TO DISCUSS SECOND QUARTER 2020 RESULTS

Written by Customer Service on August 3, 2020. Posted in Public Companies.

Alpharetta, Aug. 03, 2020 (GLOBE NEWSWIRE) — Schweitzer-Mauduit International, Inc. (NYSE: SWM) will issue a press release announcing the Company’s second quarter 2020 results after the market closes on August 5, 2020 and hold a conference call to discuss results on August 6, 2020. SWM will use a presentation to accompany its conference call. The presentation can be found on the Company’s Web site in advance of the earnings conference call. The presentation can also be accessed via the earnings conference call webcast.In conjunction with the release of SWM’s second quarter earnings, you are invited to listen to the Company’s conference call that will be broadcast live over the Internet.What: SWM’s second quarter earnings conference callWhen: Thursday, August 6, 2020 at 9:30 a.m. Eastern TimeWhere: http://www.swmintl.comThis...

CVR Energy Reports Second Quarter 2020 Results

Written by Customer Service on August 3, 2020. Posted in Public Companies.

SUGAR LAND, Texas, Aug. 03, 2020 (GLOBE NEWSWIRE) — CVR Energy, Inc. (“CVR Energy”) (NYSE: CVI) today announced a net loss of $5 million, or 5 cents per diluted share, inclusive of a $41 million pre-tax charge related to a goodwill impairment recognized within its Nitrogen Fertilizer Segment, on net sales of $675 million for the second quarter of 2020, compared to net income of $116 million, or $1.16 per diluted share, on net sales of $1.7 billion for the second quarter of 2019. Second quarter 2020 EBITDA was $68 million, compared to second quarter 2019 EBITDA of $273 million.“CVR Energy’s second quarter 2020 results were negatively impacted by narrow crack spreads and tight crude oil differentials that resulted from COVID-19 demand destruction and global crude oil price wars,” said Dave Lamp, CVR Energy’s Chief Executive Officer....

CVR Partners Reports Second Quarter 2020 Results

Written by Customer Service on August 3, 2020. Posted in Public Companies.

SUGAR LAND, Texas, Aug. 03, 2020 (GLOBE NEWSWIRE) — CVR Partners, LP (“CVR Partners”) (NYSE: UAN), a manufacturer of ammonia and urea ammonium nitrate (“UAN”) solution fertilizer products, today announced a net loss of $42 million, or 37 cents per common unit, inclusive of a $41 million pre-tax charge related to goodwill impairment, on net sales of $105 million for the second quarter 2020, compared to a net income of $19 million, or 17 cents per common unit, on net sales of $138 million for the second quarter 2019. EBITDA was a loss of $2 million for the second quarter of 2020, compared to income of $60 million for the second quarter of 2019.“A highlight of the second quarter 2020 was the successful spring planting season and record shipments of ammonia by the East Dubuque fertilizer facility in April as favorable weather conditions...

Hallador Energy Company Reports Second Quarter 2020 Financial and Operating Results

Written by Customer Service on August 3, 2020. Posted in Public Companies.

TERRE HAUTE, Ind., Aug. 03, 2020 (GLOBE NEWSWIRE) — Hallador Energy Company (NASDAQ – HNRG) today reported income of $0.25 million, $0.01 per share and adjusted EBITDA of $13.2 million.Brent Bilsland, President and Chief Executive Officer, stated, “Hallador was profitable, despite the pandemic which wreaked havoc on energy markets. We further lowered our cost structure and debt levels, while focusing on helping customers manage inventory levels. We are cautiously optimistic as coal shipments, energy markets and hopefully the world have begun a recovery.”During Q2 2020, production costs fell to $28.94 per ton, a 9% reduction over the prior quarter, even as shipment delays resulted in lower sales volumes.In the first half of 2020, bank debt was reduced by $19 million, and operating cash flow was $17.2 million, in spite...

Guggenheim Investments Announces August 2020 Closed-End Fund Distributions

Written by Customer Service on August 3, 2020. Posted in Dividend Reports And Estimates.

NEW YORK, Aug. 03, 2020 (GLOBE NEWSWIRE) — Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).The following dates apply to the distributions: 1 A portion of this distribution is estimated to be a return of capital, which is also known as a “non-dividend distribution” and occurs when some or all of the shareholder’s investment is paid back to the shareholder, rather than income. Final determination of the character of distributions will be made at year-end. The Section 19(a) notice referenced below provides more information and can be found at www.guggenheiminvestments.com.Past performance is not indicative of future performance. As of this announcement,...

Coherus BioSciences Appoints Kimberly Tzoumakas, J.D. to Board of Directors

Written by Customer Service on August 3, 2020. Posted in Public Companies.

REDWOOD CITY, Calif., Aug. 03, 2020 (GLOBE NEWSWIRE) — Coherus BioSciences, Inc. (“Coherus”, Nasdaq: CHRS), today announced the appointment of Kimberly Tzoumakas, J.D. to its Board of Directors effective July 30, 2020. “We are very pleased to welcome Kimberly Tzoumakas to our Board during this exciting period of growth for Coherus,” said Denny Lanfear, Chairman, President and CEO of Coherus. “Ms. Tzoumakas’ executive leadership experience in the health care sector, including in her current role as CEO of GenesisCare, U.S., formerly 21st Century Oncology, a global provider of integrated cancer care services, will be of tremendous value as we deliver on our vision to commercialize six biosimilars by the end of 2025.”“I am delighted to join Coherus’ Board of Directors at this time. There is an unprecedented opportunity for biosimilars...

RGC Resources, Inc. Reports Third Quarter Earnings

Written by Customer Service on August 3, 2020. Posted in Public Companies.

ROANOKE, Va., Aug. 03, 2020 (GLOBE NEWSWIRE) — RGC Resources, Inc. (NASDAQ: RGCO) announced consolidated Company earnings of $1,206,578 or $0.15 per diluted share for the quarter ended June 30, 2020. This compares to consolidated earnings of $1,138,555 or $0.14 per diluted share for the quarter ended June 30, 2019. CEO Paul Nester stated, “We experienced earnings growth driven primarily by improved utility margins, net of prior year rate case estimates, and the investment in the Mountain Valley Pipeline (MVP).”Earnings for the twelve months ended June 30, 2020 were $11,349,435 or $1.40 per diluted share outstanding compared to $8,927,266 or $1.11 per diluted share for the twelve months ended June 30, 2019. Nester attributed the significant increase in trailing twelve-month net income to improved utility margins associated with...

Day: August 3, 2020

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