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Day: August 5, 2020

Liquidia Releases Exploratory Endpoint Data from INSPIRE Study at the American Thoracic Society (ATS) Annual Meeting

RESEARCH TRIANGLE PARK, N.C., Aug. 05, 2020 (GLOBE NEWSWIRE) — Liquidia Technologies, Inc. (NASDAQ: LQDA), a late-stage clinical biopharmaceutical company focused on the development and commercialization of novel products using its proprietary PRINT® technology, announced that exploratory endpoint data from the INSPIRE study evaluating LIQ861 in patients with pulmonary arterial hypertension (PAH) was released today through a virtual presentation at the American Thoracic Society (ATS) Annual Meeting.LIQ861 is an investigational, inhaled dry powder formulation of treprostinil designed and engineered using Liquidia’s novel PRINT technology with the goal of enhancing deep-lung delivery of treprostinil in PAH patients by means of a convenient, palm-sized dry powder inhaler.The data from the INSPIRE study were made available via a prerecorded...

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Avista Corp. Reports Financial Results for Second Quarter and Year-to-Date 2020, and Confirms 2020 Earnings Guidance

SPOKANE, Wash., Aug. 05, 2020 (GLOBE NEWSWIRE) — Avista Corp. (NYSE: AVA) today reported net income attributable to Avista Corp. shareholders of $17.5 million, or $0.26 per diluted share for the second quarter of 2020, compared to $25.3 million, or $0.38 per diluted share for the second quarter of 2019. For the six months ended June 30, 2020, net income attributable to Avista Corp. shareholders was $65.9 million, or $0.98 per diluted share, compared to $141.1 million, or $2.14 per diluted share for the six months ended June 30, 2019.“Avista continues to actively monitor and manage through the COVID-19 pandemic. Avista is still working hard to define what the ‘new normal’ looks like – for our business, our employees, our customers, and our communities. We’ve developed new policies, procedures, and protocols to meet various...

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CDW Reports Second Quarter 2020 Earnings

Reinforces Power of Business Model and StrategyLINCOLNSHIRE, Ill., Aug. 05, 2020 (GLOBE NEWSWIRE) — CDW Corporation (Nasdaq:CDW), a leading multi-brand technology solutions provider to business, government, education and healthcare customers in the United States, the United Kingdom and Canada, today announced second quarter 2020 results. CDW also announced the approval by its Board of Directors of a quarterly cash dividend to be paid in September 2020.“This quarter, our financial results reflected variances across our diversified customer end markets directly related to the impact of the COVID-19 pandemic,” said Christine A. Leahy, chief executive officer, CDW.  “I am extremely proud of our dedicated coworkers, who continued to meet the needs of our customers amidst unprecedented circumstances.  Customer priorities included remote...

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United Fire Group, Inc. Reports Second Quarter 2020 Results

CEDAR RAPIDS, Iowa, Aug. 05, 2020 (GLOBE NEWSWIRE) — United Fire Group, Inc. (Nasdaq: UFCS),Consolidated Financial Results – Highlights(1):United Fire Group, Inc. (the “Company” or “UFG”) (Nasdaq: UFCS) today reported consolidated net income, including net realized investment gains and losses and changes in the fair value of equity securities, of $6.0 million ($0.24 per diluted share) for the three-month period ended June 30, 2020 (the “second quarter of 2020”), compared to consolidated net loss of $4.2 million ($0.17 per diluted share) for the same period in 2019. For the six-month period ended June 30, 2020 (“year-to-date”), consolidated net loss, including realized investment gains and losses and changes in the fair value of equity securities, was $66.6 million ($2.66 per...

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Amplify Energy Announces Second Quarter 2020 Results and Liquidity Enhancement Initiatives Update

HOUSTON, Aug. 05, 2020 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today its operating and financial results for the second quarter of 2020 and provided an update regarding its liquidity enhancement initiatives announced in the first quarter of 2020 earnings press release.Key HighlightsUpdate on Liquidity Enhancement Initiatives:Reduced operating expenses quarter-over-quarter by approximately $8 million, exceeding original expectations of $4 to $5 millionReduced recurring cash general and administrative (“G&A”) expenses quarter-over-quarter by approximately $2.5 millionReduced 2020 capital spending plan by more than $8 million and expects full year capital spend of approximately $28 millionFinalized Beta royalty relief process that is expected to generate approximately $7 million...

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Broadwind Announces Second Quarter 2020 Results

CICERO, Ill., Aug. 05, 2020 (GLOBE NEWSWIRE) — Broadwind (NASDAQ: BWEN), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced results for the second quarter 2020.2Q20 HIGHLIGHTSTotal revenue of $54.9 million (+33% y/y)Total gross margin of 9.9% (+40 bps y/y)Total net income of $0.5 million, or $0.03 per basic shareTotal non-GAAP adjusted EBITDA of $2.9 million (+50% y/y)Total cash and availability of $21.9 million (+$13.8 million y/y)For the three months ended June 30, 2020, the Company reported total sales of $54.9 million, an increase of 33.4% when compared to the prior-year period.  Broadwind reported net income of $0.5 million, or $0.03 per basic share in the second quarter 2020, compared to a net loss of ($1.0) million, or ($0.06) per basic share, in the second...

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Harvard Bioscience Announces Second Quarter 2020 Financial Results

Operating Income up sequentially and year-over-year on both GAAP and adjusted basisCost reduction programs offset expected declines in Academic marketsNet Debt reduced by $2.2 million in Q2HOLLISTON, Mass., Aug. 05, 2020 (GLOBE NEWSWIRE) — Harvard Bioscience, Inc. (Nasdaq: HBIO) (the “Company”) today announced financial results for the three and six months ended June 30, 2020.Jim Green, Chairman and CEO said, “Anticipating academic labs around the world would likely experience pandemic-related shutdowns similar to what we saw in China, we took immediate and decisive cost actions. These actions, combined with planned in-progress restructuring programs, reduced overall cost of operations to deliver sequential and year-over-year adjusted operating income growth.”Green concluded, “The continued growth from CRO/pharma customers, reopening...

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Astec Reports Second Quarter 2020 Results

Second Quarter 2020 Highlights (all comparisons are made to the prior year second quarter):Net Sales decreased 13.0% to $265.3M; Adjusted Net Sales decreased just 6.8% due to $20.0M included in 2019 sale of a wood pellet plantGross margin of 22.5% decreased 480 bps; Adjusted Gross margin increased 100 bpsEPS of $0.41 compared to $1.03 a year ago; adjusted EPS of $0.67 increased 81.1%EBITDA decreased 53.2% to $17.4M; adjusted EBITDA of $25.3M increased 46.9% from $17.2M a year ago; adjusted EBITDA margin of 9.5% increased 350 bpsAnnounced the closure of our Mequon, Wisconsin facility; in-line with global footprint consolidation strategyCHATTANOOGA, Tenn., Aug. 05, 2020 (GLOBE NEWSWIRE) —  Astec Industries, Inc. (Nasdaq: ASTE) announced today its financial results for second quarter 2020 ending June 30, 2020.Second quarter of 2020...

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Stella-Jones Reports Record Second Quarter 2020 Results

EBITDA increased 28% to a record $120 millionNet income rose to $69 million or $1.02 per shareNet debt to trailing 12-month EBITDA decreased to 1.9xUpdated 2020 outlook to reflect strong quarterly performanceAnnounced a Normal Course Issuer BidMONTREAL, Aug. 05, 2020 (GLOBE NEWSWIRE) — Stella-Jones Inc. (TSX: SJ) (“Stella-Jones” or the “Company”) today announced financial results for its second quarter ended June 30, 2020.“We are pleased with our financial performance, as each of our three core product categories continued to deliver improved results. Bolstered by exceptional demand for residential lumber, we realized double-digit sales growth of 15% and increased EBITDA by 28% to $120 million this quarter, surpassing the $100 million mark for the first time in a single quarter. We generated $146 million of cash from operations...

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