Day: August 6, 2020

HOUSTON, Aug. 06, 2020 (GLOBE NEWSWIRE) — Crown Castle International Corp. (NYSE: CCI) (“Crown Castle”) announced today that its Board of Directors has declared a quarterly cash dividend of $1.20 per common share.  The quarterly dividend will be payable on September 30, 2020 to common stockholders of record at the close of business on September 15, 2020.  Future dividends are subject to the approval of the Company’s Board of Directors. ABOUT CROWN CASTLECrown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations...

Allentown, PA, Aug. 06, 2020 (GLOBE NEWSWIRE) — CrossAmerica Partners LP Reports Second Quarter 2020 ResultsReported Second Quarter 2020 Operating Income of $6.3 million and Net Income of $5.2 million compared to Operating Income of $13.9 million and Net Income of $6.4 million for the Second Quarter 2019Generated Second Quarter 2020 Adjusted EBITDA of $27.7 million and Distributable Cash Flow of $26.0 million compared to Second Quarter 2019 Adjusted EBITDA of $27.7 million and Distributable Cash Flow of $22.3 millionReported Second Quarter 2020 Gross Profit for the Wholesale Segment of $40.7 million compared to $33.4 million of Gross Profit for the Second Quarter 2019Reported Second Quarter 2020 Gross Profit for the Retail Segment of $15.9 million compared to $8.1 million of Gross Profit for the Second Quarter 2019Distributed 260.2...

CALHOUN, Ga., Aug. 06, 2020 (GLOBE NEWSWIRE) — Mohawk Industries, Inc. (NYSE: MHK) today announced a 2020 second quarter net loss of $48 million and diluted loss per share of $0.68. Adjusted net earnings were $26 million, and earnings per share (EPS) was $0.37, excluding restructuring, acquisition and other charges. Net sales for the second quarter of 2020 were $2.0 billion, down 21% as reported and 19% on a constant currency basis. For the second quarter of 2019, net sales were $2.6 billion, net earnings were $202 million and EPS was $2.79, adjusted net earnings were $210 million, and EPS was $2.89, excluding restructuring, acquisition and other charges.For the six months ending June 27, 2020, net earnings and EPS were $62 million and $0.87, respectively. Net earnings excluding restructuring, acquisition and other charges were...

TAMPA, Fla., Aug. 06, 2020 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE:HCI), an InsurTech company with operations in insurance, software development and real estate, reported results for the three and six months ended June 30, 2020.Second Quarter 2020 – Financial ResultsNet income for the second quarter of 2020 totaled $8.9 million or $1.08 diluted earnings per share compared with $7.6 million or $0.90 diluted earnings per share in the second quarter of 2019. Adjusted net income (a non-GAAP measure which excludes net unrealized gains or losses on equity securities) for the quarter was $6.8 million or $0.86 diluted earnings per share compared with $6.6 million or $0.81 diluted earnings per share in the second quarter of 2019. The company has included in this press release an explanation of adjusted net income as well as a reconciliation...

Board of Directors authorizes $75 million share repurchase programProceeds from sale of ALG used to support this repurchase program, fortify balance sheet and maintain strategic flexibilitySANTA MONICA, Calif., Aug. 06, 2020 (GLOBE NEWSWIRE) — TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, announced today that it has entered into an agreement with J.D. Power to sell its ALG, Inc. subsidiary for $135 million. The total consideration includes an upfront cash payment of $112.5 million at closing and total deferred payments of up to $22.5 million based on certain financial results.TrueCar also announced that its Board of Directors has authorized a share repurchase program of up to $75 million, with the intent to begin repurchasing shares in the near-term. The company intends to use...

SANTA MONICA, Calif., Aug. 06, 2020 (GLOBE NEWSWIRE) — TrueCar, Inc. (NASDAQ: TRUE) today announced its financial results for the second quarter ended June 30, 2020.Second Quarter 2020 Financial HighlightsSecond quarter total revenue of $62.7 million, down (28.8)% from a year ago.Second quarter net loss of $(11.2) million, or $(0.10) per share, compared to net loss of $(24.1) million, or $(0.23) per share, in the second quarter of 2019.Second quarter Non-GAAP net income(1) of $4.4 million, or $0.04 per share, compared to Non-GAAP net loss of $(2.2) million, or $(0.02) per share, in the second quarter of 2019.Second quarter Adjusted EBITDA(2) of $10.9 million, representing an Adjusted EBITDA margin(3) of 17.4%, compared to Adjusted EBITDA of $3.7 million, representing an Adjusted EBITDA margin of 4.1%, in the second quarter of 2019.$173.1...

BELTSVILLE, Md., Aug. 06, 2020 (GLOBE NEWSWIRE) — NextCure, Inc. (Nasdaq: NXTC), a clinical-stage biopharmaceutical company committed to discovering and developing novel, first-in-class immunomedicines to treat cancer and other immune-related diseases, today reported second quarter 2020 financial results and provided a business update.“Despite our recent announcement that we did not see sufficient clinical activity required for advancement in our initial non-small cell lung cancer and ovarian cancer Phase 2 cohorts, we remain encouraged about the NC318 single agent activity we have seen in patients with both non-small cell lung and head and neck cancers. We are working diligently in hopes of better understanding Siglec-15 biology and evaluating biomarkers that may provide a focused path forward. We anticipate having more information...

Q2 2020 Revenue Increase of 23% Over Prior Year PeriodREDWOOD CITY, Calif., Aug. 06, 2020 (GLOBE NEWSWIRE) — Guardant Health, Inc. (Nasdaq: GH), a leading precision oncology company focused on helping conquer cancer globally through use of its proprietary blood tests, vast data sets and advanced analytics, today reported financial results for the quarter ended June 30, 2020.Recent HighlightsRevenue of $66.3 million for the second quarter of 2020, an increase of 23% over the corresponding period of 2019Precision oncology revenue of $51.0 million, an increase of 21% over the corresponding period of 2019Development services revenue of $15.3 million, an increase of 29% over the corresponding period of 2019Reported 13,694 tests to clinical customers and 2,805 tests to biopharmaceutical customers in the second quarter of 2020, representing...

DUBLIN, Calif., Aug. 06, 2020 (GLOBE NEWSWIRE) — Giga-tronics Incorporated (OTCQB: GIGA) (the “Company”) today reported results for its first fiscal quarter ended June 27, 2020.Revenue for the first fiscal quarter ended June 27, 2020 was $3.5 million, consistent with the same period of fiscal 2020 and grew 35% sequentially as compared to the fourth quarter of fiscal 2020.  The Company achieved net income attributable to common shareholders of $72,000, or $0.03 per fully diluted share in the first quarter of fiscal 2021, compared to net income of $15,000 or $0.01 per fully diluted share, for the same period last year.  The Company recorded EBITDA of $252,000 for the first quarter compared to EBITDA of $304,000 for the same quarter in fiscal 2020. John Regazzi, CEO of the Company said, “We are pleased to report 35% overall sequential...

SCOTTSDALE, Ariz., Aug. 06, 2020 (GLOBE NEWSWIRE) — TPI Composites, Inc. (Nasdaq: TPIC), the only independent manufacturer of composite wind blades with a global footprint, today reported financial results for the second quarter ended June 30, 2020.HighlightsFor the quarter ended June 30, 2020:Net sales of $373.8 millionNet loss of $66.1 million or $(1.87) per shareEBITDA loss of $2.6 millionAdjusted EBITDA of $3.3 millionNumber of wind blade sets (which consist of three wind blades) produced worldwide during the period.Estimated megawatts of energy capacity to be generated by wind blade sets produced during the period.Utilization represents the percentage of wind blades invoiced during the period compared to the total potential wind blade capacity of manufacturing lines installed at the end of the period.Number of wind blade manufacturing...