Day: August 6, 2020

ST. LOUIS, Aug. 06, 2020 (GLOBE NEWSWIRE) — BellRing Brands, Inc. (NYSE:BRBR) (“BellRing”), a holding company operating in the global convenient nutrition category, today reported results for the third fiscal quarter ended June 30, 2020.Highlights:Net sales of $204.2 millionOperating profit of $30.6 million; net earnings available to Class A common stockholders of $3.3 million and Adjusted EBITDA of $38.5 millionReaffirmed fiscal year 2020 Adjusted EBITDA (non-GAAP) guidance range of $192-$202 millionThird Quarter Operating ResultsNet sales were $204.2 million, a decrease of 14.1%, or $33.4 million, compared to the prior year period. Premier Protein net sales declined 11.9%, with volumes down 9.5%. Sales were negatively impacted by reductions in higher than normal customer trade inventory levels of ready-to-drink (“RTD”) shakes...

ST. LOUIS, Aug. 06, 2020 (GLOBE NEWSWIRE) — Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today reported results for the third fiscal quarter ended June 30, 2020.Highlights:Net sales of $1.3 billionOperating profit of $172.1 million; net earnings of $36.0 million and Adjusted EBITDA of $270.9 millionAnnounced a new $400 million share repurchase authorizationGenerated $319.4 million in cash from operationsBasis of PresentationOn October 21, 2019, the initial public offering (the “IPO”) of a minority interest in the BellRing Brands business, Post’s historical active nutrition business, was completed. Post fully consolidates the results of BellRing Brands, Inc. (“BellRing”) and its subsidiaries within Post’s financial statements and effective October 21, 2019 allocates 28.8% of BellRing’s consolidated...

Backlog increased to 16 months while Intelligence practice generated19.1% Adjusted EBITDA1 as a percentage of net revenueTORONTO, Aug. 06, 2020 (GLOBE NEWSWIRE) — IBI Group Inc. (“IBI” or the “Company”), a globally integrated design and technology firm, today announced its financial and operating results for the three and six months ended June 30, 2020. Select financial and operational information is outlined below and should be read with IBI’s consolidated financial statements (“Financial Statements”) and management’s discussion and analysis (“MD&A”) as of June 30, 2020, which are available on SEDAR at www.sedar.com and on IBI’s website at www.ibigroup.com.The Company recorded strong results in the second quarter of 2020, with $99.9 million of net revenue and $17.1 million of Adjusted EBITDA1,2 representing 17.1% of net revenue...

HOUSTON, Aug. 06, 2020 (GLOBE NEWSWIRE) — SEACOR Marine Holdings Inc. (NYSE:SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore oil and natural gas and wind farm facilities worldwide, today announced results for its second quarter ended June 30, 2020.Notable second quarter items include:Acquisition of the remaining 50% of the equity interests in SEACOSCO Offshore LLC (“SEACOSCO”) on June 30, 2020 for total consideration of $28.2 million payable over four years.  The transaction adds eight modern platform supply vessels to SEACOR Marine’s owned vessel fleet, six of which are equipped with a state-of-the-art battery energy storage system designed to reduce fuel consumption and enhance the safety and redundancy of the vessels’ systems.  The vessels and the debt associated...