Day: December 10, 2020

Repligen Corporation Announces Closing of Public Offering of $312.2 Million, Including Full Exercise of Underwriters’ Option

Written by Customer Service on December 10, 2020. Posted in Public Companies.

WALTHAM, Mass., Dec. 10, 2020 (GLOBE NEWSWIRE) — Repligen Corporation (NASDAQ: RGEN) today announced the closing of its previously announced underwritten public offering of an aggregate of 1.725 million shares of its common stock at a public offering price of $181 per share for gross proceeds, before deducting underwriting discounts and commissions and estimated offering expenses, of approximately $312.2 million, which includes the exercise in full of the underwriters’ option to purchase 225,000 additional shares. The offering of the shares is expected to result in approximately $298 million in net proceeds to Repligen after deducting underwriting discounts and commissions and other estimated offering expenses payable by Repligen.Repligen Corporation intends to use the net proceeds from this offering for working capital and other...

Quanex Building Products Announces Fourth Quarter and Fiscal Year 2020 Results

Written by Customer Service on December 10, 2020. Posted in Earnings Releases And Operating Results.

Margin Expansion Realized Across All Segments in 4Q20Balance Sheet & Liquidity Continue to Improve and Remain Strong~5% Increase in Cash Provided by Operating Activities in FY20Repaid $35 Million of Bank Debt in 4Q20HOUSTON, Dec. 10, 2020 (GLOBE NEWSWIRE) — Quanex Building Products Corporation (NYSE:NX) (“Quanex” or the “Company”) today announced its results for the three months and twelve months ended October 31, 2020.The Company reported the following selected financial results:George Wilson, President and Chief Executive Officer, commented, “Our business performed extremely well in the fourth quarter as we continued to effectively navigate the complications and uncertainty of a COVID-19 world. Demand for our products remained strong throughout the quarter, with consolidated net sales increasing 6.3% year-over-year as compared...

Costco Wholesale Corporation Reports First Quarter Fiscal Year 2021 Operating Results

Written by Customer Service on December 10, 2020. Posted in Earnings Releases And Operating Results.

ISSAQUAH, Wash., Dec. 10, 2020 (GLOBE NEWSWIRE) — Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced its operating results for the first quarter (twelve weeks) of fiscal 2021, ended November 22, 2020.Net sales for the first quarter increased 16.9 percent, to $42.35 billion from $36.24 billion last year.Comparable sales for the first quarter fiscal 2021 were as follows:Net income for the quarter was $1,166 million, or $2.62 per diluted share, compared to $844 million, or $1.90 per diluted share, last year. This year’s first quarter included tax benefits of $145 million or $0.33 per diluted share, $0.16 of which was due to the deductibility of the $10 per share special cash dividend, to the extent received by the Company’s 401(k) plan participants; and $0.17 cents related to stock-based compensation....

Kinsale Capital Group Announces the Appointment of Two New Board Members

Written by Customer Service on December 10, 2020. Posted in Public Companies.

RICHMOND, Va., Dec. 10, 2020 (GLOBE NEWSWIRE) — Kinsale Capital Group, Inc. (Nasdaq: KNSL) today announced the appointment of two new members to its Board of Directors, effective January 1, 2021. Joining the board are Teresa P. Chia and Robert (Trey) V. Hatcher, III. These appointments increase Kinsale’s total board membership from seven to nine.“We are delighted to welcome Teresa and Trey to Kinsale’s board, and together they bring extensive leadership and industry expertise,” said Robert Lippincott III, Chairman of the Board of Directors at Kinsale. “The diverse backgrounds of Teresa and Trey complement our existing board of directors’ skills and experience, and we are confident they will provide valuable perspectives. We look forward to their contributions as we continue to execute our strategy, drive profitability...

Mobivity Expands Salesforce with VP of Enterprise Sales

Written by Customer Service on December 10, 2020. Posted in Public Companies.

PHOENIX, Dec. 10, 2020 (GLOBE NEWSWIRE) — Mobivity Holdings Corp. (OTCQB: MFON) a global provider of personalized customer engagement solutions that drive customer frequency and spend, announced that Tom Mullins has joined Mobivity as Vice President of Enterprise Sales to focus on expanding Mobivity’s medium and large enterprise customer base.Mullins brings more than a decade of experience selling large annual recurring subscription contracts for software-as-a-service (SaaS) businesses to brands in the retail, restaurant, and convenience store space. Tom began his career at Apple Inc. and has served as Vice President of Enterprise Sales at Punchh where he sold private-label mobile apps and an industry-leading mobile CRM platform. Following Punchh, Mullins worked with SevenRooms selling a fully-integrated reservation, seating and...

Sonoco Implementing Price Increases for All Rigid Paper Containers and Closures

Written by Customer Service on December 10, 2020. Posted in Public Companies.

HARTSVILLE, S.C., Dec. 10, 2020 (GLOBE NEWSWIRE) — Sonoco (NYSE: SON), one of the largest global diversified packaging companies, today announced it is increasing prices for all rigid paper containers and closures sold in North America by 5 percent, effective with shipments on, and after, January 15, 2021.According to Ernest Haynes, Division Vice President and General Manager, Rigid Paper and Closures, North America, this price increase is necessary to recover rapidly rising costs for raw materials used to produce rigid paper containers.“Due to the rising cost of both steel and recovered paper, we are experiencing input cost pressures that simply cannot be absorbed,” Haynes said. “Our operational cost increases have been compounded by the on-going COVID-19 pandemic as it impacts labor, the build-up of inventory and associated carrying...

Bioasis Announces Annual General Meeting Results

Written by Customer Service on December 10, 2020. Posted in Public Companies.

GUILFORD, Conn., Dec. 10, 2020 (GLOBE NEWSWIRE) — BIOASIS TECHNOLOGIES INC–Bioasis Technologies Inc. (TSX.V:BTI; OTCQB:BIOAF) (the “Company” or “Bioasis”), a pre-clinical, research-stage biopharmaceutical company developing its proprietary xB3™ platform technology for the delivery of therapeutics across the blood-brain barrier (“BBB”) and the treatment of central nervous system (“CNS”) disorders in areas of high unmet medical need, including brain cancers and neurodegenerative diseases, is pleased to announce that all resolutions were passed by requisite majority at its annual general meeting (“AGM”) held earlier today in New Haven, Conn., United States.The four incumbent directors, Dr. Deborah A. Rathjen, John E. Curran, David M. Wurzer and Dr. Mario Saltarelli were re-elected by shareholders. Mr. John Hemeon was also elected to...

SeaChange International Reports Fiscal Third Quarter 2021 Financial and Operational Results; Company Sees Strong Demand from Content Owners for New ‘Video Apps’ Platform

Written by Customer Service on December 10, 2020. Posted in Public Companies.

WALTHAM, Mass., Dec. 10, 2020 (GLOBE NEWSWIRE) — SeaChange International Inc. (NASDAQ: SEAC), a leading provider of video delivery platforms, today reported financial and operational results for the fiscal third quarter ended October 31, 2020. The Company also reported strong demand from content owners for the Company’s new ‘Video Apps’ platform, which enables content owners to quickly and seamlessly launch direct-to-consumer (DTC) TV and video applications directly through Smart TVs and connected platforms.SeaChange’s New Video Apps Platform Addresses Burgeoning Demand from Content Owners to Deliver High-Quality TV and Video Content Directly to ConsumersSeaChange’s Video Apps platform addresses the TV and video market’s accelerated shift in spending in response to COVID-19 changes in consumer behavior. The global pandemic forced...

Dave & Buster’s Reports Third Quarter Financial Results; Provides Commentary on Current Expectations for Fiscal Fourth Quarter

Written by Customer Service on December 10, 2020. Posted in Public Companies.

DALLAS, Dec. 10, 2020 (GLOBE NEWSWIRE) — Dave & Buster’s Entertainment, Inc., (NASDAQ:PLAY), (“Dave & Buster’s” or “the Company”), an owner and operator of entertainment and dining venues, today announced financial results for its third quarter 2020, which ended November 1, 2020.The Company’s third quarter 2020 financial results continued to be severely impacted by the effects of the COVID-19 pandemic when compared against results of the third quarter of 2019. The Company began the third quarter with 84 open stores, or approximately 60 percent of its total store base. As of November 1, the Company had 104 open stores, or approximately 75 percent of its total store base. All stores open during the quarter operated under reduced hours and capacity limitations as dictated by each jurisdiction.Key...

UFP Industries announces agreement to acquire PalletOne, further expanding industrial packaging capabilities in the U.S.

Written by Customer Service on December 10, 2020. Posted in Public Companies.

GRAND RAPIDS, Mich., Dec. 10, 2020 (GLOBE NEWSWIRE) — UFP Industries (Nasdaq: UFPI) today announced that its board of directors approved an agreement for UFP Industrial, LLC, to purchase 100 percent of the equity of PalletOne, Inc. for approximately $232 million. This price assumes a cash-free, debt-free balance sheet. UFP also agreed to pay $18 million for PalletOne’s recent capital expenditures. The transaction is subject to a net working capital adjustment and is expected to close on December 28, 2020, pending customary closing conditions and regulatory approval. The purchase price will be funded using the company’s cash reserves, which currently total more than $400 million.Based in Bartow, Florida, PalletOne is a leading manufacturer of new pallets in the U.S., with 17 pallet manufacturing facilities in the southern and eastern...

Day: December 10, 2020

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