Day: October 28, 2020

ROLLING MEADOWS, Ill., Oct. 28, 2020 (GLOBE NEWSWIRE) — MYR Group Inc. (“MYR”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and western Canada, today announced its third-quarter and first nine-months 2020 financial results.HighlightsRecord high quarterly revenues of $607.9 million for the third quarter of 2020Record high quarterly net income attributable to MYR Group Inc. of $17.3 million, or $1.02 per diluted share, for the third quarter of 2020Record high quarterly EBITDA of $36.2 million for the third quarter of 2020Record high backlog of $1.72 billionManagement CommentsRick Swartz, MYR’s President and CEO, said, “Our strong third-quarter 2020 financial results, included a net income attributable...

Third Quarter 2020 HighlightsQ3 revenue of $161.4 millionQ3 subscription-based platform revenue of $142.5 million, up 1% YoY, equating to 88% of Q3 total revenueQ3 net income of $0.8 million, resulting in diluted net income of $0.01 per shareQ3 Non-GAAP net income of $23.7 million, up 8% YoY, resulting in Non-GAAP net income of $0.16 per shareQ3 Adjusted EBITDA of $58.8 million, resulting in Adjusted EBITDA margin of 36.4%Q3 net cash provided by operating activities of $46.0 million, up 42% YoYQ3 new sales Annual Contract Value (ACV)1 totaled $58.5 million, up 33% YoYQ3 new sales Annual Contract Value (ACV) for Platform totaled $42.5 million, up 51% YoYDebt & Cash HighlightsCash balance as of September 30, 2020 totaling $120.1 millionNet debt leverage ratio as of September 30, 2020 improved to 3.55x (versus 4.23x on September 30,...

DAYTONA BEACH, Fla., Oct. 28, 2020 (GLOBE NEWSWIRE) — CTO Realty Growth, Inc. (NYSE American: CTO) (the “Company” or “CTO”) today announced its operating results and earnings for the quarter ended September 30, 2020.Select HighlightsReported a Net Loss of ($0.33) per share for the three months ended September 30, 2020, including a non-cash, unrealized after-tax loss on the mark-to-market of the Company’s ownership of 2,039,644 shares of Alpine Income Property Trust, Inc. (“PINE”) of ($0.23) per share, after tax.During the three months ended September 30, 2020, the Company collected 91% of the Contractual Base Rent (as defined below) due during such period.During the third quarter of 2020, the joint venture entity that currently holds approximately 1,700 acres of undeveloped land in Daytona Beach, Florida (the “Land JV”) sold approximately...

Strong investment performance across multiple strategiesEarnings impacted by non-cash and non-recurring itemsU.S. cash position strengthened with funds repatriated from Canadian operationDALLAS, Oct. 28, 2020 (GLOBE NEWSWIRE) —  Westwood Holdings Group, Inc. (NYSE: WHG) today reported third quarter 2020 earnings. Significant items include:Income Opportunity, AllCap Value, SmidCap, Total Return, High Income, Alternative Income, and Global Convertibles strategies all beat their primary benchmarks for the quarter.Total Return strategy achieved a top quartile peer ranking while our SmidCap, AllCap Value, and High Income strategies posted top 40% peer rankings.Westwood held $77.6 million in cash and short-term investments at September 30, 2020, up $3.4 million from June 30, 2020. Stockholders’ equity was $126.5 million and no debt.Revenues...

MIRAMAR, Fla., Oct. 28, 2020 (GLOBE NEWSWIRE) — Spirit Airlines, Inc. (NYSE: SAVE) today reported third quarter 2020 financial results.Ended the third quarter 2020 with $2.1 billion of unrestricted cash, cash equivalentsand short-term investment securities   “Our future is very bright. While the pandemic continues to affect demand for air travel, we do not believe it changes our competitive position. Our excellent operational performance, strong Guest satisfaction metrics, and industry-leading cost structure, position us well to be among the first to reach sustained profitability,” said Ted Christie, Spirit’s President and Chief Executive Officer. “I thank the entire Spirit team for how well they have navigated the challenges in this incredibly dynamic time, shoring up our resources, and putting us in a position...

MINNEAPOLIS, Oct. 28, 2020 (GLOBE NEWSWIRE) — SPS Commerce, Inc. (Nasdaq: SPSC), a leader in retail cloud services, today announced financial results for the third quarter ended September 30, 2020.Revenue was $79.6 million in the third quarter of 2020, compared to $70.9 million in the third quarter of 2019, reflecting 12% growth in revenue from the third quarter of 2019. Recurring revenue grew 13% from the third quarter of 2019.Net income in the third quarter of 2020 was $11.4 million or $0.31 per diluted share, compared to net income of $8.9 million or $0.25 per diluted share, in the third quarter of 2019. Non-GAAP income per diluted share was $0.39 compared to non-GAAP income per diluted share of $0.33 in the third quarter of 2019.Adjusted EBITDA for the third quarter of 2020 increased 29% to $23.2 million compared to the third...

Conference Call and Webcast scheduled for tomorrow, October 29, 2020 at 10:00 am PTSAN JUAN CAPISTRANO, Calif., Oct. 28, 2020 (GLOBE NEWSWIRE) — The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign(TM) group of companies, which provide skilled nursing services, senior living services, rehabilitative care services and other healthcare services, announced record operating results for the third quarter of 2020, reporting GAAP diluted earnings per share of $0.77 for the quarter with adjusted earnings per share of $0.78 for the quarter(2).Highlights Include:GAAP diluted earnings per share for the quarter was $0.77, representing an increase of 97.4%(1) over the prior year quarter and adjusted diluted earnings per share for the quarter was $0.78, an increase of 95.0%(1)(2) over the prior year quarter. Consolidated GAAP...

SÃO PAULO, Brazil, Oct. 28, 2020 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today by XP Inc. (Nasdaq: XP), please note the time of the webcast in BRT has been corrected from 6:00pm BRT to 7:00pm BRT. The corrected release follows:XP Inc. (Nasdaq: XP), a leading, technology-driven financial services platform and a trusted provider of low-fee financial products and services in Brazil, announced today that it will host a webcast to discuss its third quarter 2020 financial results on Monday, November 9, 2020 at 5:00pm ET (7:00pm BRT). A press release with third quarter 2020 financial results will be issued after the market closes the same day.To participate in the earnings webcast please subscribe at:3Q20 Earnings Web MeetingThe replay will be available on XP’s investor relations website at https://investors.xpinc.com/.About...

HOUSTON, Oct. 28, 2020 (GLOBE NEWSWIRE) — Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report third quarter 2020 financial and operating results on November 5, 2020. Following the announcement, management will host a conference call at 10:00 a.m. CT to discuss the Company’s results. Interested parties are invited to participate in the conference call by dialing (833) 883-4379 (Conference ID: 7283609) at least 15 minutes prior to the start of the call or via the internet at www.amplifyenergy.com. A replay of the call will be available on Amplify’s website or by phone at (855) 859-2056 (Conference ID: 7283609) for a fourteen-day period following the call.About Amplify EnergyAmplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploration...