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Day: October 8, 2020

Griffin Announces Fiscal 2020 Third Quarter Results

NEW YORK, Oct. 08, 2020 (GLOBE NEWSWIRE) — Griffin Industrial Realty, Inc. (Nasdaq: GRIF) (“Griffin” or the “Company”) today reported financial results for the three months ended August 31, 2020 (the “2020 third quarter”).HighlightsOperating Income of $1.3 million, a decrease of $0.4 million from the 2019 third quarterLeasing NOI1 (as defined below) of $7.0 million, a 14.1% increase over the 2019 third quarterCash Leasing NOI2 (as defined below) for industrial/warehouse properties of $5.5 million, a 9.3% increase over the 2019 third quarterStabilized in-service industrial portfolio3 was 99.7% leased; total industrial portfolio was 94.3% leasedCompleted three lease renewals with weighted average rent growth on a straight-line basis of 16.5% and weighted average cash rent growth of 3.6%4Raised $27.2 million through a private placement...

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National Bank Holdings Corporation Announces Date for 2020 Third Quarter Earnings Release

DENVER, Oct. 08, 2020 (GLOBE NEWSWIRE) — National Bank Holdings Corporation (NYSE: NBHC) expects to report its third quarter financial results after the markets close on Tuesday, October 20, 2020. Management will host a conference call to review the results at 11:00 a.m. Eastern Time on Wednesday, October 21, 2020. Interested parties may listen to this call by dialing (877) 272-6762/ (615) 800-6832 (International) using the Conference ID of 2471788 and asking for the NBHC Third Quarter Earnings conference call. A telephonic replay of the call will be available beginning approximately four hours after the call’s completion through November 4, 2020, by dialing (855) 859-2056 (United States) / (404) 537-3406 (International) using the Conference ID of 2471788. The earnings release and an on-line replay of the call will also be available...

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Martin Marietta Announces Third-Quarter 2020 Earnings Conference Call

RALEIGH, N.C., Oct. 08, 2020 (GLOBE NEWSWIRE) — Martin Marietta Materials, Inc. (NYSE:MLM) (“Martin Marietta” or the “Company”) today announced that it will provide an online Web simulcast of its third-quarter 2020 earnings conference call on Thursday, October 29, 2020. The Company will release results for the quarter ended September 30, 2020, that morning before the market opens.A live audio webcast of Martin Marietta’s call will begin at 11:00 a.m. Eastern Time on October 29, 2020. An on-demand replay will be available approximately two hours following the conclusion of the live broadcast and will continue for one year. A link to both the live and replay events is available on the Company’s website.For those investors without online web access, the conference call may also be accessed by calling 9703150423, confirmation number...

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Mimecast to Report Second Quarter 2021 Financial Results on November 2, 2020

LEXINGTON, Mass., Oct. 08, 2020 (GLOBE NEWSWIRE) — Mimecast Limited (NASDAQ: MIME), a leading email security and cyber resilience company, today announced it will issue a press release reporting financial results for the second quarter 2021 after the close of the market on November 2, 2020.  Mimecast will host a conference call to discuss these financial results for investors and analysts at 4:30 pm EST (UTC-05:00) on November 2, 2020.To access the conference call, dial (844) 402-0879 for the U.S. and Canada and +1 (478) 219-0767 for international callers, conference ID# 7783078. The call will also be webcast live on the investor relations section of the Company’s website https://investors.mimecast.com. An audio replay of the call will be available two hours after the live call ends by dialing (855) 859-2056 for U.S. and Canada...

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Velan Announces Changes to its Board Including the Appointment of a New Chairman and Vice-Chairman

MONTREAL, Oct. 08, 2020 (GLOBE NEWSWIRE) — Velan Inc.(“Velan”) (TSX:VLN) announced today that Mr. James Mannebach has been appointed Chairman of the Board. The outgoing Chairman of the Board, Tom Velan, will continue to serve as a director of the company. Mr. Mannebach who joined the board in 2018 is the first independent Chairman of the company. He has extensive experience in the valve and flow control industry having worked in senior leadership positions at Emerson Process Management (Xomox, Fisher Controls, Micro Motion and Rosemont), Roper Technologies, and IMI.Rob Velan has been appointed Vice-Chairman of the Board as the Velan family continues to move from the second-generation leadership to third-generation and independent leadership. Rob has served on the board since 2013 and is the Executive Vice-President of...

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Velan annonce des changements à son conseil d’administration, dont la nomination d’un nouveau président et d’un nouveau vice-président

MONTRÉAL, 08 oct. 2020 (GLOBE NEWSWIRE) — Velan Inc. (« Velan ») (TSX : VLN) annonce aujourd’hui la nomination de M. James Mannebach au poste de président du conseil de la société. Tom Velan, président du conseil sortant, continuera à y siéger en tant qu’administrateur. M. Mannebach, qui s’est joint au conseil en 2018, sera le premier président indépendant. Fort d’une vaste expérience dans le secteur de la robinetterie et du réglage de débit, il a occupé des postes de direction au sein d’Emerson Process Management (Xomox, Fisher Controls, Micro Motion et Rosemont), de Roper Technologies et d’IMI.Rob Velan a été nommé vice-président du conseil, poursuivant ainsi la transition de la deuxième génération à la troisième génération de dirigeants de la famille Velan et vers une gestion indépendante. Rob Velan est membre du conseil d’administration...

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NXP Semiconductors Updates View of Third Quarter 2020 Performance and Sets Date to Review Detailed Financial Results

EINDHOVEN, The Netherlands, Oct. 08, 2020 (GLOBE NEWSWIRE) — NXP Semiconductors N.V. (NASDAQ: NXPI) today updated its performance expectations for third quarter 2020.“Today, based on preliminary financial information, we are pleased to announce a significant improvement in our outlook for the third quarter of 2020. Relative to the mid-point of our guidance, we experienced material improvement in demand across all end markets, but particularly in the Automotive and Mobile end markets. Additionally, demand improved in both our direct and distribution channels. The business environment has improved at a faster than anticipated pace, driving a broad-based increase in revenue, which also enabled higher gross margin. Given the improved outlook, we increased operating expenses in relation to non-executive variable incentive compensation,...

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Empire Industries Announces Creation and Funding of New R&D Subsidiary

WINNIPEG, Manitoba, Oct. 08, 2020 (GLOBE NEWSWIRE) — Empire Industries Ltd. (TSX-V: EIL, OTC:ERILF) (“Empire”, “EIL” or the “Company”) is pleased to announce that it intends to complete an internal reorganization (the “Reorganization”) to create a new research and development subsidiary named Dynamic Structures Ltd. (“DSL”) and immediately fund the operation of DSL with the proceeds from a CDN$5 million private placement (the “Private Placement” and together with the Reorganization, the “Transactions”), subject to the consent of its senior secured lenders and the approval of the TSX Venture Exchange. The Company intends to close the Transactions as soon as possible, upon receipt of the necessary consents and approvals.“Empire has invested over 600 person years into developing innovative ride technologies over the past five years...

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Freddie Mac Confirms Disaster Relief Options for Homeowners As Hurricane Delta Nears

MCLEAN, Va., Oct. 08, 2020 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today reminded mortgage servicers of its disaster relief policies for homeowners as Hurricane Delta approaches Louisiana and other northern Gulf Coast states. Freddie Mac’s disaster relief options are available to homeowners whose homes or places of employment are located in presidentially-declared Major Disaster Areas where federal individual-assistance programs are made available to affected individuals and households.“Hurricane Delta will mark the fifth hurricane to hit the U.S. so far this season,” said Bill Maguire, Freddie Mac’s Vice President of Single-Family Servicing Portfolio Management. “Along with our mortgage servicers, Freddie Mac stands ready to provide immediate mortgage relief options to those affected by this latest natural disaster.”Freddie...

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Velan Inc. Reports Its Second Quarter 2020/21 Financial Results

MONTREAL, Oct. 08, 2020 (GLOBE NEWSWIRE) — Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its second quarter ended August 31, 2020.HighlightsNet new orders (“Bookings”) of US$101.3 million for the quarterOrder backlog of US$462.7 million at the end of the quarter, representing an increase of 8.7% for the quarter, of which US$173.3 million is scheduled for delivery beyond the next 12 monthsNet cash of US$60.4 million at the end of the quarterSales of US$68.3 million for the quarterGross profit percentage of 25.0% for the quarterNet loss1of US$5.1 million for the quarterOperating loss before restructuring and transformation costs2of US$4.0 million for the quarterAdjusted EBITDA of US$-0.8 million for the quarter, and US$3.0 million year-to-dateSecond...

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