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Month: August 2020

Seacor Marine Announces Second Quarter 2020 Results

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...

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Innospec Expands Production of Drag Reducing Agents

ENGLEWOOD, Colo., Aug. 06, 2020 (GLOBE NEWSWIRE) — Innospec Inc. (NASDAQ: IOSP) today announced that it has expanded production capacity for its proprietary Drag Reducing Agents (DRA) technology at its plant in Pleasanton, TX.DRAs have multiple benefits to pipeline operators. They not only improve the pipeline throughput, but they also reduce the pumping energy required, reduce stress and even increase the longevity of these valuable assets.Tom Entwistle, President of Innospec Oilfield Services said;“We are delighted with the customer response to the performance of our new technology in crude oils. Their commitment to Innospec has allowed us to move forward and commission the second phase of our capacity expansion. This will come on-stream during August and will immediately enable us to work with a wider range of crude oil pipeline...

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CubeSmart Reports Second Quarter 2020 Results

MALVERN, Pa., Aug. 06, 2020 (GLOBE NEWSWIRE) — CubeSmart (NYSE: CUBE) today announced its operating results for the three and six months ended June 30, 2020.“Over the last few months, we have faced unprecedented challenges and uncertainty. Once again, self storage showed its resilience and our team continued to adapt, finding innovative new ways to meet the varied needs of our customers in this changing landscape,” commented President and Chief Executive Officer Christopher P. Marr. “Recently we have seen demand return to normal levels following the steep declines experienced in late March and April driven by government shutdowns, and we have now resumed our normal operational processes.”Key Highlights for the Second QuarterReported earnings per share (“EPS”) attributable to the Company’s common shareholders of $0.20.Reported funds...

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Century Aluminum Company Applauds Trump Administration Action to Restore Effectiveness of 232 Tariff Program

CHICAGO, Aug. 06, 2020 (GLOBE NEWSWIRE) — President Donald J. Trump today announced the reinstatement of Section 232 aluminum tariffs on Canada in order to stop an unprecedented surge of imports from Canada.  Over the past twelve months, Canada’s imports of unalloyed primary aluminum to the U.S. have increased by over 95%.Michael Bless, Century Aluminum Company’s (NASDAQ: CENX) President and Chief Executive Officer, praised the President’s action: “President Trump’s action demonstrates this administration’s continued dedication to restoring the U.S. aluminum industry and American jobs.  As policymakers focus on shoring up our manufacturing base and enhancing supply chain resiliency, the President’s leadership helps to secure continued domestic production of this vital strategic material and level the playing field for thousands...

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One Liberty Properties Reports Second Quarter 2020 Results

GREAT NECK, N.Y., Aug. 06, 2020 (GLOBE NEWSWIRE) — One Liberty Properties, Inc. (NYSE: OLP), a real estate investment trust focused on net leased properties, today announced operating results for the quarter ended June 30, 2020.“As we navigate these unprecedented times, we continue to work diligently to mitigate the impact of COVID-19 on our portfolio.  We believe our strategy of working with our tenants requiring help, combined with our general collection efforts, will ensure the best possible outcome both for them and our assets,” commented Patrick J. Callan, Jr., President and Chief Executive Officer of One Liberty.  “While this may impact our near-term performance, we believe it will maximize long-term value and cash flow.” Mr. Callan continued, “With the great majority of our tenants now open for business, we anticipate making...

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Rosetta Stone Inc. Reports Second Quarter 2020 Results

Q2 Revenue Grows 7% Fueled by Literacy and Consumer Language Bookings growth of 59% and 92%, RespectivelyARLINGTON, Va., Aug. 06, 2020 (GLOBE NEWSWIRE) — Rosetta Stone Inc. (NYSE:RST), a world leader in technology-based learning solutions, today announced financial results for the second quarter ended June 30, 2020.Second Quarter 2020 HighlightsConsolidated revenue increased 7% year over year to $49.2 million.Revenue at Lexia Learning (“Lexia”), the Company’s Literacy segment, increased 18% year-over-year to $17.8 million.Revenue within the Consumer Language segment increased 9% year-over-year to $17.7 million.Revenue within the Enterprise & Education (“E&E”) Language segment decreased 6% year-over-year to $13.6 million.Consolidated second quarter net loss was $3.6 million, an increase from the net loss...

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Chicken Soup for the Soul Entertainment to Host Second Quarter 2020 Conference Call on August 13, 2020

COS COB, Conn., Aug. 06, 2020 (GLOBE NEWSWIRE) — Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE), one of the largest operators of streaming advertising-supported video-on-demand (AVOD) networks, today announced it will host a conference call and live webcast to discuss the results of its second quarter ended June 30, 2020.Conference Call InformationTo participate in this event, dial in approximately 5 to 10 minutes before the beginning of the call.Date, Time: Thursday, August 13, 2020, 4:30 p.m. ET.Toll-free: (833) 832-5128International: (484) 747-6583Conference ID: 6999674A live webcast is available at http://ir.cssentertainment.com/ under the “News & Events” tabConference Call Replay InformationToll-free: (855) 859-2056International: (404) 537-3406Reference ID: 6999674ABOUT CHICKEN SOUP FOR THE SOUL ENTERTAINMENTChicken...

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Intrusion Inc. Appoints Anthony LeVecchio to its Board of Directors

RICHARDSON, Texas, Aug. 06, 2020 (GLOBE NEWSWIRE) — INTRUSION Inc. (OTCQB: INTZ), (“INTRUSION”) announced today that its Board of Directors has named Anthony (Tony) LeVecchio as it’s newest board member, increasing the board to seven members.“We are excited to have Tony join INTRUSION’s Board of Directors. He is an experienced executive and has served as a board member of many companies both public and private over the years.” said Jack B. Blount, INTRUSION President and CEO. “I’ve worked with Tony on several boards over the past twenty-five years and he has always been a strategic resource to me on acquisitions, strategic partnerships and distributor agreements.”Anthony J. LeVecchio is President and Owner of The James Group, Inc., a general business consulting firm that has advised CEOs across a wide range of industries in both public...

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Eidos Therapeutics Reports Second Quarter 2020 Financial Results and Business Update

SAN FRANCISCO, Aug. 06, 2020 (GLOBE NEWSWIRE) — Eidos Therapeutics, Inc. (Eidos) (Nasdaq:EIDX),  today reported its financial results for the second quarter ended June 30, 2020 and provided an update on the company’s operations.“While the COVID-19 pandemic poses an unpredictable threat to our clinical development program, our team continues to work tirelessly with the ATTR patient community, our investigators and collaborators, and regulators to ensure the progression and integrity of our trials,” said Neil Kumar, PhD, chief executive officer of Eidos. “Though the situation is far from resolved, we are incredibly grateful to these groups for their commitment to our program and are encouraged to have observed a re-opening of clinical research activities worldwide in recent months. The determination and resilience of this community...

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Atrion Reports Second Quarter Results

ALLEN, Texas, Aug. 06, 2020 (GLOBE NEWSWIRE) — Atrion Corporation (NASDAQ: ATRI) today announced that for the second quarter ended June 30, 2020, revenues totaled $38.0 million compared with $40.1 million for the same period in 2019. Net income for the second quarter of 2020 totaled $8.6 million as compared to $9.7 million for the same period in 2019, with diluted earnings per share for the second quarter of 2020 at $4.68 compared to $5.18 for the second quarter of 2019.Commenting on the Company’s quarterly results for the second quarter of 2020 compared to the same period last year, David A. Battat, President & CEO, stated, “The impact of the pandemic was felt in the second quarter with revenues and operating income lower by 5% and 8%, respectively, essentially the reverse image of the first quarter when revenues were up 5%...

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