Day: August 5, 2020
GUADALAJARA, Mexico, Aug. 05, 2020 (GLOBE NEWSWIRE) — Grupo Aeroportuario del Pacifico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announced preliminary terminal passenger traffic figures for the month of July 2020, compared to traffic figures for July 2019.For July 2020, the total number of terminal passengers at GAP’s 14 airports decreased by 62.3%, compared to the same period of the previous year. Domestic passenger traffic decreased by 56.4%, while international passenger traffic decreased by 70.7%.With regard to the operations of our airports in Mexico, the Mexican Government has not issued any flight restrictions and airlines continue to increase the frequencies of their domestic and international flights. In the case of Jamaica, flight restrictions were lifted on June 15, 2020, with strict health safety...
Cardinal Energy Ltd. Announces Redetermination of Credit Facility and Completion of Exchange Right
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Credit FacilityCALGARY, Alberta, Aug. 05, 2020 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“Cardinal“) (TSX: CJ) confirms the Company has completed the redetermination of its credit facility in partnership with its syndicate of lenders. Cardinal’s credit facility has been confirmed at $225 million, comprised of a $205 million revolving facility and a $20 million operating facility with the revolving period extended to August 31, 2020 and the credit facility maturing on May 23, 2021. Cardinal anticipates the credit facility will provide sufficient liquidity to execute on its business plan which is primarily reducing debt through the balance of 2020. During this period of uncertainty we are focused on controlling as many of our business inputs as possible. We have hedged a large percentage of our 2020 production...
Ceridian Second Quarter 2020 Earnings Release Third-Party Conference Call Vendor Experienced Technical Difficulties
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TORONTO and MINNEAPOLIS, Aug. 05, 2020 (GLOBE NEWSWIRE) — Ceridian HCM Holding Inc. (“Ceridian”) (NYSE:CDAY) (TSX:CDAY), a global human capital management (“HCM”) software company, announced today that its third-party conference call vendor experienced technical difficulties during its 5:00 p.m. Eastern Time second quarter earnings conference call. An additional conference call to discuss Ceridian’s second quarter 2020 earnings results has been scheduled for 7:00 p.m. Eastern Time, on August 5, 2020.Those wishing to participate via the webcast should access the call through Ceridian’s Investor Relations website at https://investors.ceridian.com. Those wishing to participate via the telephone may dial in at 833-979-2698 (USA) or 236-714-2174 (International) and enter the conference ID: 7465597. The conference call replay will be...
PHX Energy Announces Its Operating and Financial Results for the Second Quarter of 2020
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Calgary, Alberta, Aug. 05, 2020 (GLOBE NEWSWIRE) —Overall PerformanceFor the three-month period ended June 30, 2020, PHX Energy realized adjusted EBITDA of $5.3 million (11 percent of revenue) as compared to $11 million (13 percent of revenue) in the corresponding 2019-quarter. Adjusted EBITDA in the 2020-quarter includes $1.1 million in government grants earned as part of the Canada Emergency Wage Subsidy (“CEWS”) program. Positive adjusted EBITDA was achieved despite the negative impact of COVID-19 on consolidated revenue and operating activity in all regions. For the three-month period ended June 30, 2020, the Corporation generated consolidated revenue of $46.8 million, a decline of 44 percent relative to the $83 million recognized in the second quarter of 2019. There were 2,990 consolidated operating days recorded in the 2020-quarter,...
Macquarie Telecom Selects Juniper Networks to Power Nationwide Network Refresh
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SYDNEY, Australia, Aug. 06, 2020 (GLOBE NEWSWIRE) — Juniper Networks (NYSE: JNPR), a leader in secure, AI-driven networks, today announced that Macquarie Telecom (part of the Macquarie Telecom Group ASX: MAQ), has selected Juniper Networks for the refresh of its nationwide network from the core to the edge, and to power its continued growth through its ‘customer-first’ attitude across telecom, data center and cloud services.Since its inception, Macquarie Telecom has always sought to disrupt the status quo of the traditional telco industry. With a specific focus on the underserved corporations across Australia’s mid-to-large Enterprise and Government customers, Macquarie Telecom has seen tremendous growth due to the industry’s appreciation of its highly-differentiated and innovative customer experience.Macquarie Telecom has seen...
ChampionX Reports Second Quarter 2020 Results
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Revenue of $298.9 million in Q2-20Net loss attributable to ChampionX of $109.6 million in Q2-20Adjusted EBITDA of $34.5 million in Q2-20Cash from operating activities of $48.8 million and free cash flow of $37.0 million, or 12% of revenue in Q2-20; free cash flow of $72.0 million excluding $35.1 million of cash payments for transaction expensesIntegration of legacy Apergy and legacy ChampionX on track, expect annualized run-rate synergies towards the high-end of the previously announced $25 to $35 million exiting 2020Liquidity of $501 million including cash and unused revolver capacity after repaying in full $125 million of borrowings on our revolving credit facilityTHE WOODLANDS, Texas, Aug. 05, 2020 (GLOBE NEWSWIRE) — ChampionX Corporation (“ChampionX”) (NYSE: CHX) (“the Company”) today announced second quarter of 2020 results....
Badger Daylighting Ltd. Announces 2020 Second Quarter Results
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CALGARY, Alberta, Aug. 05, 2020 (GLOBE NEWSWIRE) — Badger Daylighting Ltd. (“Badger”, the “Company”, “we”, “our” or “us”) (TSX:BAD) reported second quarter results today. All results are in Canadian dollar unless otherwise stated.2020 Second Quarter Financial and Operational HighlightsGross margins improved to 32.5% and Adjusted EBITDA margins improved to 26.0% as compared to 31.4% and 24.3% respectively for the same period in 2019. All figures exclude government assistance ($5.2 million) received and restructuring costs ($4.6 million) incurred in the quarter. The margin improvements resulted in an Adjusted EBITDA of $35.6 million or approximately 91% of the $39.2 million in Adjusted EBITDA recorded for the same period in 2019. Despite the severe economic impact resulting from COVID-19, second quarter revenue was 83% of the revenue...
Kismet Acquisition One Corp Announces Pricing of $250 Million Initial Public Offering
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Moscow, Russia, Aug. 05, 2020 (GLOBE NEWSWIRE) — Kismet Acquisition One Corp (the “Company”), a special purpose acquisition company formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, contractual control arrangement with, purchasing all or substantially all of the assets of, or engaging in any other similar initial business combination with one or more businesses or entities, today announced the pricing of its initial public offering of 25,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the Nasdaq Capital Market and trade under the ticker symbol “KSMTU” beginning August 6, 2020. Each unit consists of one ordinary share of the Company and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one ordinary...
Global Water Resources Reports Second Quarter 2020 Results
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PHOENIX, Aug. 05, 2020 (GLOBE NEWSWIRE) — Global Water Resources, Inc. (NASDAQ: GWRS), (TSX: GWR), a pure-play water resource management company, reported results for the second quarter ended June 30, 2020. All quarterly comparisons are to the same year-ago period unless otherwise noted.Q2 2020 Financial HighlightsRevenues increased 8.4% to $9.9 million, driven by organic connection growth, increased consumption, and increased rates. Net loss totaled $0.1 million, or $(0.01) per share. The net loss was largely due to asset disposal costs of $0.5 million and restricted stock compensation expense of $0.6 million, both of which are non-cash and did not occur in the same year-ago quarter. Excluding the tax effected non-cash asset disposal costs and restricted stock compensation expense, adjusted net income was $0.8 million, or $0.03...
Tenaris Announces 2020 Second Quarter Results
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The financial and operational information contained in this press release is based on unaudited consolidated condensed interim financial statements presented in U.S. dollars and prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Free Cash Flow and Net cash / debt. See exhibit I for more details on these alternative performance measures.LUXEMBOURG, Aug. 05, 2020 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE and Mexico: TS and MTA Italy: TEN) (“Tenaris”) today announced its results for the quarter ended June 30, 2020 in comparison with its results for the quarter ended June 30, 2019.Summary of 2020 Second Quarter Results(Comparison...