Day: November 19, 2020

Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc.

Written by Customer Service on November 19, 2020. Posted in Public Companies.

NEW YORK, Nov. 19, 2020 (GLOBE NEWSWIRE) — (NYSE: AFT) – Apollo Senior Floating Rate Fund Inc. and (NYSE: AIF) – Apollo Tactical Income Fund Inc. (the “Funds”) announced today that the Board of each Fund has elected that each Fund be subject to the Maryland Control Share Acquisition Act (the “MCSAA”), effective immediately. Each Board believes that electing to be subject to the MCSAA protects the interests of the Funds and their stockholders. The objective of the MCSAA is to protect the interests of all stockholders of a Maryland corporation. Maryland lawmakers instituted the MCSAA to limit the ability of any single stockholder to exert undue influence in pursuit of short-term gains at the expense of long-term value for fund stockholders and a fund’s ability to achieve its investment objective.The election to become...

Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc.

Written by Customer Service on November 19, 2020. Posted in Public Companies.

FangDD Reports Third Quarter 2020 Unaudited Financial Results

Written by Customer Service on November 19, 2020. Posted in Earnings Releases And Operating Results.

SHENZHEN, China, Nov. 20, 2020 (GLOBE NEWSWIRE) — Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced its unaudited financial results for the third quarter ended September 30 2020.Third Quarter 2020 Financial HighlightsRevenue decreased by 13.6% year over year to RMB819.1 million (US$120.6 million) from RMB948.0 million in the same period of 2019.Net income in the third quarter of 2020 was RMB21.9 million (US$3.2 million) compared to RMB80.3 million in the same period of 2019.Non-GAAP net income1 in the third quarter of 2020 was RMB48.0 million (US$7.1 million) compared to RMB80.3 million in the same period of 2019.Third Quarter 2020 Operating HighlightsThe number of active agents2 in the Company’s marketplace was 276.6 thousand, representing an increase...

Correction: Ceylon Announces Granting of Options and Debt Conversion

Written by Customer Service on November 19, 2020. Posted in Public Companies.

TORONTO, Nov. 19, 2020 (GLOBE NEWSWIRE) — Ceylon Graphite Corp. (“Ceylon”) today announced it has granted an aggregate of 5,000,000 stock options to its directors, officers and employees. Each option is exercisable at $0.215 per common share at any time until November 19, 2023.Ceylon would also like to announce that it has negotiated a debt conversion agreement (the “Debt Agreement”) with a non-arm’s length party.Pursuant to the terms of the Debt Agreement, the Corporation has agreed to issue an aggregate of 697,674 common shares (“Debt Shares”) to the non-arm’s length party in exchange for the cancellation of $150,000 in debt owing to the party. The Debt Shares are being issued at a deemed price of $0.215.The issuance of the Debt Shares are subject to the approval of the TSX Venture Exchange. All securities issued pursuant to the...

Reed’s Inc. Announces Proposed Public Offering of Common Stock

Written by Customer Service on November 19, 2020. Posted in Public Companies.

NORWALK, Conn., Nov. 19, 2020 (GLOBE NEWSWIRE) — Reed’s Inc. (NASDAQ: REED), owner of the nation’s leading portfolio of handcrafted, all-natural beverages, today announced that it intends to offer shares of its common stock in an underwritten public offering. Reed’s also expects to grant to the underwriters of the offering a 45-day option to purchase additional shares of common stock offered in the underwritten public offering on the same terms and conditions. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.Roth Capital Partners is acting as sole book-running manager for the offering. National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. (NASDAQ:NHLD) is acting...

Matthews International Reports Results for Fourth Quarter and Fiscal Year Ended September 30, 2020

Written by Customer Service on November 19, 2020. Posted in Earnings Releases And Operating Results.

Financial Highlights – Fiscal 2020:Operating cash flow of $180.4 million, representing new annual Company recordDebt reduction of $106.2 million for fiscal 2020; net debt reduction of $112.2 millionFinancial Highlights – 4thQuarter:Sales increased to $399.1 million vs. $392.4 million a year agoAdjusted EBITDA increased to $64.1 million vs. $59.2 million last yearFourth quarter GAAP EPS of $0.24; Non-GAAP adjusted EPS of $1.11Debt reduction of $26.4 million during fiscal 2020 4thquarterPITTSBURGH, Nov. 19, 2020 (GLOBE NEWSWIRE) — Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for its fiscal 2020 fourth quarter and fiscal year ended September 30, 2020.In discussing the Company’s results for the quarter, Joseph C. Bartolacci, President and Chief Executive Officer, stated: “We had a strong finish...

ESCO Announces Fiscal 2020 Results

Written by Customer Service on November 19, 2020. Posted in Earnings Releases And Operating Results.

St. Louis, Nov. 19, 2020 (GLOBE NEWSWIRE) — ESCO Technologies Inc. (NYSE: ESE) (ESCO, or the Company) today reported its operating results for the fourth quarter (Q4 2020) and fiscal year (2020) ended September 30, 2020.COVID-19 UpdateVic Richey, Chairman and Chief Executive Officer, commented, “As we continue to manage through the COVID-19 global pandemic, we remain focused on the health and safety of our employees, customers and suppliers, thereby securing the financial well-being of the Company.“Our 2020 results reflect the importance of maintaining diversity across our end-markets, as this diversity, coupled with our strong balance sheet and substantial liquidity will support our long-term growth. Because of our multi-segment platform, we were able to partially mitigate COVID-19’s impact on sales and earnings as we reported 2020...

SmileDirectClub Launches Foundation to Empower Those Navigating Transitions

Written by Customer Service on November 19, 2020. Posted in Public Companies.

NASHVILLE, Tenn., Nov. 19, 2020 (GLOBE NEWSWIRE) — SmileDirectClub, Inc. (Nasdaq: SDC), the oral care company with the first medtech platform for teeth straightening, today announced the formation of the SmileDirectClub Foundation, a nonprofit charitable entity created to empower the most vulnerable in our society to gain access to the tools, skills and the confidence they need to put their best face forward during times of transition in their education or careers. The SmileDirectClub Foundation bolsters the mission-driven Company’s corporate responsibility and philanthropic efforts.“SmileDirectClub’s customers have shared countless stories of how their lives have been changed thanks to a boost in self-confidence from getting a straighter, brighter smile that they love,” said John Sheldon, SmileDirectClub Chief Marketing Officer...

Targa Resources Partners LP Announces Full Redemption of 9.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units

Written by Customer Service on November 19, 2020. Posted in Public Companies.

HOUSTON, Nov. 19, 2020 (GLOBE NEWSWIRE) — Targa Resources Partners LP (the “Partnership”), a subsidiary of Targa Resources Corp. (NYSE: TRGP) (the “Company”), today announced that it intends to redeem all $125 million of its 5,000,000 issued and outstanding 9.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the “Series A Preferred Units”) (CUSIP: 87611X 204). Series A Preferred Units held through the Depository Trust Company will be redeemed in accordance with the applicable procedures of the Depository Trust Company. The redemption of the Series A Preferred Units is consistent with the Company’s ongoing efforts to simplify its capital structure and to identify opportunities to generate additional free cash flow by enabling the Company to realize significant annual cash savings associated with...

Haynes International, Inc. Reports Fourth Quarter and Fiscal 2020 Financial Results

Written by Customer Service on November 19, 2020. Posted in Earnings Releases And Operating Results.

Increase in net cash of $11.8 million during the fourth quarter. Combined third and fourth quarter net cash increase of $24.8 million. The Company is expecting to continue to generate cash through inventory reductions during fiscal 2021.Sequentially, gross margins improved from 3.3% in the third quarter to 4.9% in the fourth quarter, despite lower volumes. The Company continues to successfully focus on cost, yield and pricing improvement initiatives. Fourth quarter gross margins were below fourth quarter of fiscal 2019 gross margins of 16.4% with significant gross margin compression due to unfavorable fixed cost absorption caused by the low volumes produced in our facilities.Fourth quarter net revenues of $79.9 million compared to net revenues of $129.6 million for the same period of fiscal 2019, driven by the continued impact of the...

Day: November 19, 2020

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