Day: August 6, 2020

Pro-forma(1) liquidity(2) of approximately $3.5 billion, including approximately $1.7 billion of consolidated cash on hand, $738 million of available revolver capacity at Transportation as of June 30, 2020, and up to $1.0 billion of new liquidity from recently announced senior secured credit facilityFree cash flow usage(3) and cash flow usage from operating activities better than expected at $1.0 billion, including an estimated $700-$900 million of Coronavirus impactConsolidated revenues were $2.7 billion, down 37% year-over-year due to pandemic related disruptionsConsolidated adjusted EBIT(3) loss of $427 million reflecting charge at Transportation related to legacy projects and COVID-19 impact at both Aviation and Transportation; Reported EBIT of $26 million reflecting an accounting gain on the CRJ divestitureAll 51 manufacturing sites...

Liquidités(1) pro-forma(2) d’environ 3,5 milliards $ au 30 juin 2020, y compris environ 1,7 milliard $ d’encaisse consolidée, 738 millions $ de disponibles sur la facilité de crédit renouvelable de Transport et jusqu’à 1,0 milliard $ de nouvelles liquidités disponibles sur la nouvelle facilité de crédit garantie de premier rang récemment annoncéeUtilisation des flux de trésorerie disponibles(3) et utilisation des flux de trésorerie liés aux activités opérationnelles de 1,0 milliard $, meilleures que prévu, incluant une incidence du coronavirus estimée entre 700 millions $ et 900 millions $Revenus consolidés de 2,7 milliards $, une diminution de 37 % sur ceux du trimestre correspondant de l’exercice précédent en raison des perturbations liés à la pandémieRAII ajusté(3) consolidé négatif de 427 millions $ reflétant une charge liée...

HighlightsGAAP revenue of $1,013.4 million for the three months ended June 30, 2020, representing a decline of 13.1%, 13.3% on an adjusted basis, and 12.8% on a constant currency adjusted basis compared to the same period in 2019.Net new business awards of $1,360.9 million and $5,796.6 million for the three and twelve months ended June 30, 2020, representing book-to-bill ratios of 1.34x and 1.27x, respectively.Clinical Solutions segment net new business awards of $1,180.1 million and $4,567.1 million for the three and twelve months ended June 30, 2020, representing book-to-bill ratios of 1.58x and 1.35x, respectively. Clinical Solutions backlog growth of 14.8% compared to the same period in 2019.Commercial Solutions segment net new business awards of $180.8 million and $1,229.5 million for the three and twelve months ended June 30, 2020,...

ATLANTA, Aug. 06, 2020 (GLOBE NEWSWIRE) — Gray Television, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) today announced financial results for the second quarter ended June 30, 2020. The impact of the novel coronavirus and its disease (collectively, “COVID-19”) on economic activity significantly impacted our revenues and results for the second quarter and first half of 2020. Nevertheless, despite these macroeconomic challenges, over the first half of this year, we increased our cash on hand by $167 million and repurchased $49 million of our common stock. Key financial results are as follows:Our revenue for the second quarter of 2020 was $451 million, a decrease of $57 million, or 11%, from the second quarter of 2019. The primary components of revenue were: combined local and national broadcast advertising revenue of $198 million,...

ATLANTA, Aug. 06, 2020 (GLOBE NEWSWIRE) — Select Interior Concepts, Inc. (NASDAQ: SIC), a premier installer and nationwide distributor of interior building products, today announced its financial results for the second quarter ended June 30, 2020.SECOND QUARTER 2020 FINANCIAL HIGHLIGHTS COMPARED TO SECOND QUARTER 2019Consolidated net sales of $125.4 million, compared to $158.3 millionGross profit was $30.7 million, compared to $44.2 millionNet loss was ($3.2 million), or ($0.13) EPS, compared to net income of $1.2 million, or $0.05 basic and diluted EPSEBITDA of $5.7 million, compared to $12.2 millionAdjusted EBITDA of $10.4 million, compared to $16.6 millionOperating cash flow provided $9.7 million, compared to a use of $1.7 millionLiquidity of $62.6 million, including $2.9 million of cash plus $59.7 million of availability under...

PORTSMOUTH, N.H., Aug. 06, 2020 (GLOBE NEWSWIRE) — Sprague Resources LP (“Sprague”) (NYSE: SRLP) today reported its financial results for the second quarter ended June 30, 2020.Second Quarter 2020 HighlightsNet sales were $358.2 million for the second quarter of 2020, compared to net sales of $662.0 million for the second quarter of 2019.GAAP net loss was $25.1 million for the second quarter of 2020, compared to net loss of $4.8 million for the second quarter of 2019.Adjusted gross margin* was $65.2 million for the second quarter of 2020, compared to adjusted gross margin of $48.3 million for the second quarter of 2019.Adjusted EBITDA* was $28.0 million for the second quarter of 2020, compared to adjusted EBITDA of $9.7 million for the second quarter of 2019.“Sprague enjoyed a record second quarter as we capitalized on storage...

MINNEAPOLIS, Aug. 06, 2020 (GLOBE NEWSWIRE) — Tile Shop Holdings, Inc. (OTC Pink: TTSH) (the “Company”), a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories, today announced results for its second quarter ended June 30, 2020.Second Quarter SummaryNet Sales Decreased 23.8%Comparable Store Sales Decreased 24.7%Gross Margin of 67.1%SG&A Expenses Decreased $13.4 millionNet Loss of $0.8 Million; Adjusted EBITDA of $6.6 MillionLong-Term Debt of $22.0 million; Net Debt of $14.1 MillionManagement Commentary – Cabell Lolmaugh, CEO“As previously announced, store closures and shelter in place orders resulted in a 50% decrease in traffic and sales in our stores during the initial weeks of the second quarter. While we did see improved sales and store traffic as restrictions...

Reported net sales of $491 million, down 51.4% vs. prior year, impacted by COVID-19.  Organic sales declined 49.9% versus prior yearReported operating loss of $104 million. Non-GAAP operating loss of $42 millionReported EPS loss of $0.44.  Non-GAAP EPS loss of $0.18CHARLOTTE, N.C., Aug. 06, 2020 (GLOBE NEWSWIRE) — DENTSPLY SIRONA Inc. (“Dentsply Sirona”) (Nasdaq: XRAY), The Dental Solutions Company, announced its financial results for the three months ended June 30, 2020.Don Casey, Chief Executive Officer of Dentsply Sirona, commented: “The global response to COVID-19  impacted our second quarter results. We have been encouraged to see continued improvement in sales trends, as dental offices reopen and patients return. To address the challenges posed by the pandemic, Dentsply Sirona has taken a number of steps focused on employee...

HOUSTON, Aug. 06, 2020 (GLOBE NEWSWIRE) — DynaEnergetics, a business of DMC Global Inc. (Nasdaq: BOOM), today introduced Igneo, an Intrinsically Safe initiating system designed for high-temperature mining applications. The Igneo system is based on DynaEnergetics’ patented IS2™ Intrinsically Safe initiating system, which is used by the oil and gas industry in well perforating operations. Igneo was developed in collaboration with Newcrest Mining Limited, Australia’s largest gold mining company. Newcrest approached DynaEnergetics for assistance in developing an initiating system that would perform safely in the extreme conditions of its Lihir mine, located in the crater of the dormant Lihir volcano off the coast of Papua New Guinea. The active geothermal and geochemical environment makes Lihir the hottest open cut gold mine in the...