Month: February 2021

Host Hotels & Resorts, Inc. Reports Results for 2020

Written by Customer Service on February 18, 2021. Posted in Earnings Releases And Operating Results.

BETHESDA, Md., Feb. 18, 2021 (GLOBE NEWSWIRE) — Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust (“REIT”), today announced results for the fourth quarter and full year 2020.OPERATING RESULTS(unaudited, in millions, except per share and hotel statistics) *Additional detail on the Company’s results, including data for 22 domestic markets and top 40 hotels by Total RevPAR, is available in the Year End 2020 Supplemental Financial Information available on the Company’s website at www.hosthotels.com.James F. Risoleo, President and Chief Executive Officer, said, “We continued to grow sequential revenues while minimizing operating expenses in the fourth quarter and further reduced our net loss and hotel-level operating losses from third-quarter levels. With accelerating...

Travere Therapeutics Announces European Commission Has Granted Orphan Designation to Sparsentan for the Treatment of IgA Nephropathy

Written by Customer Service on February 18, 2021. Posted in Public Companies.

SAN DIEGO, Feb. 18, 2021 (GLOBE NEWSWIRE) — Travere Therapeutics, Inc. (NASDAQ: TVTX) today announced the European Commission (EC) has granted orphan designation to sparsentan for the treatment of IgA nephropathy (IgAN), a rare kidney disorder and a leading cause of end-stage kidney disease (ESKD). Sparsentan is an investigational product candidate currently being evaluated in a pivotal Phase 3 clinical study for the treatment of IgAN, as well as a pivotal Phase 3 clinical study for the treatment of focal segmental glomerulosclerosis (FSGS). The Company recently reported that the ongoing DUPLEX Study of sparsentan in FSGS achieved its pre-specified interim proteinuria endpoint and that preliminary results from the interim analysis suggest that to date in the study, sparsentan has been generally well-tolerated and has shown a comparable...

Osmotica to Present at 10th Annual SVB Leerink Global Healthcare Conference

Written by Customer Service on February 18, 2021. Posted in Public Companies.

BRIDGEWATER, N.J., Feb. 18, 2021 (GLOBE NEWSWIRE) — Osmotica Pharmaceuticals plc (Nasdaq: OSMT) (“Osmotica” or the “Company”), a fully integrated biopharmaceutical company, announced today that Brian Markison, Chief Executive Officer, and Andrew Einhorn, Chief Financial Officer, will present at the 10th Annual SVB Leerink Global Healthcare Conference as follows:About Osmotica Pharmaceuticals plcOsmotica Pharmaceuticals plc (Nasdaq: OSMT) is a fully integrated biopharmaceutical company focused on the development and commercialization of specialty products that target markets with underserved patient populations. The company has a diverse portfolio consisting of promoted and non-promoted products, several of which incorporate Osmotica’s proprietary Osmodex® drug delivery system. RVL Pharmaceuticals, Inc. is the Company’s ophthalmic...

Northeast Bank Mourns the Loss of Chairman Robert R. Glauber

Written by Customer Service on February 18, 2021. Posted in Public Companies.

PORTLAND, Maine, Feb. 18, 2021 (GLOBE NEWSWIRE) — Northeast Bank (the “Bank”) (NASDAQ: NBN) announced today the passing on February 14 of the Chairman of its Board of Directors, Robert R. Glauber. Mr. Glauber had served as Chairman of the Board since 2010, Chair of the Bank’s Governance Committee and a member of its Compensation Committee.Rick Wayne, President and Chief Executive Officer of the Bank, said “We are deeply saddened by the passing of Bob, who led our Board with a steady hand, a sharp mind and absolute integrity. He led by example and was a role model for all of us at Northeast Bank. Our most heartfelt condolences go out to his wife, his two children and their spouses, his friends, colleagues, and students around the world. He will be missed.”Mr. Glauber was a tenured professor at Harvard Business School at the start...

Aerojet Rocketdyne Holdings, Inc. Reports 2020 Fourth Quarter and Annual Results

Written by Customer Service on February 18, 2021. Posted in Earnings Releases And Operating Results.

EL SEGUNDO, Calif., Feb. 18, 2021 (GLOBE NEWSWIRE) — Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) (the “Company”) today reported results for the fourth quarter and year ended December 31, 2020.Financial Overview_______* The Company provides Non-GAAP measures as a supplement to financial results based on accounting principles generally accepted in the United States (“GAAP”). A reconciliation of the Non-GAAP measures to the most directly comparable GAAP measures is included at the end of the release.On December 20, 2020, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Lockheed Martin Corporation (“Lockheed Martin”) and Mizar Sub, Inc., a wholly-owned subsidiary of Lockheed Martin (“Merger Sub”), pursuant to which, subject to the terms and conditions thereof, Merger Sub will merge with and into...

SWM Announces Fourth Quarter and Full Year 2020 Results Full Year Sales and Cash Flow Growth Despite COVID-19 Challenges

Written by Customer Service on February 18, 2021. Posted in Earnings Releases And Operating Results.

ALPHARETTA, Ga., Feb. 18, 2021 (GLOBE NEWSWIRE) — Schweitzer-Mauduit International, Inc. (“SWM” or the “Company”) (NYSE: SWM) reported earnings results for the three months and year ended December 31, 2020.Adjusted measures are reconciled to GAAP at the end of this release. Financial and operating comparisons are versus the prior year period and are from continuing operations. Figures may not sum to total due to rounding. Definitions: Advanced Materials & Structures (AMS), Engineered Papers (EP), “organic” – excluding acquisition benefit, “Tekra” – Tekra and Trient acquisition that closed in March 2020Full Year 2020 Financial Results SummaryExcellent performance in EP segment, resilience in AMS with key markets demonstrating strong growth in fourth quarter, finished...

Gaming and Leisure Properties, Inc. Reports Fourth Quarter 2020 Results

Written by Customer Service on February 18, 2021. Posted in Earnings Releases And Operating Results.

WYOMISSING, Pa., Feb. 18, 2021 (GLOBE NEWSWIRE) — Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or the “Company”) today announced financial results for the quarter ended December 31, 2020.Peter Carlino, Chairman and Chief Executive Officer of GLPI, commented, “We ended 2020 with strong fourth quarter results and 2021 started with growing momentum, highlighting our proactive measures to creatively collaborate with our tenants throughout the year while further positioning GLPI as the REIT of choice for leading U.S. gaming operators. Reflecting the innovation of our team and the strong support and partnerships we’ve established with tenants, we collected all rents that were due in 2020.“During the fourth quarter, we continued to successfully and aggressively execute on our long-term strategy to thoughtfully...

Quanex Building Products Announces First Quarter 2021 Earnings Release and Conference Call Schedule

Written by Customer Service on February 18, 2021. Posted in Public Companies.

HOUSTON, TEXAS, Feb. 18, 2021 (GLOBE NEWSWIRE) — Quanex Building Products Corporation (NYSE: NX) (“Quanex” or the “Company”) today announced plans to release its first quarter 2021 results on Thursday, March 4, 2021 after trading closes on the New York Stock Exchange.The Company has also scheduled a conference call for Friday, March 5, 2021 at 11:00 a.m. ET (10:00 a.m. CT) to discuss the release. Investors may participate in the conference call via telephone by dialing (877) 388-2139 for domestic callers or (541) 797-2983 for international callers, in both cases using conference passcode 9481425, and asking for the Quanex call a few minutes prior to the start time.A link to the live audio webcast will also be available on the Company’s website at http://www.quanex.com in the Investors section under Presentations & Events.A...

Casa Systems Reports Fourth Quarter 2020 and Full Year 2020 Financial Results

Written by Customer Service on February 18, 2021. Posted in Earnings Releases And Operating Results.

Full Year Results Exceed Prior Revised Guidance RangeRecord Full Year and Q4 Revenue and Gross ProfitRecord FY and Q4 Wireless Revenue2021 Guidance Reflecting Double-Digit Top-Line and EBITDA GrowthANDOVER, Mass., Feb. 18, 2021 (GLOBE NEWSWIRE) — Casa Systems, Inc. (Nasdaq: CASA), a leading provider of physical and cloud-native infrastructure technology solutions for mobile, cable and fixed networks, today announced its financial results for its fourth quarter and year ended December 31, 2020.Fourth Quarter 2020 Financial & Operational HighlightsRevenue of $120.5 millionGross margin of 51.6%GAAP net income of $23.2 millionNon-GAAP net income of $22.9 millionGAAP net income per fully diluted share of $0.27Non-GAAP net income per fully diluted share of $0.27Adjusted EBITDA of $25.3 million2020 Financial HighlightsRevenue of $393.2...

Oportun Reports Fourth Quarter 2020 Results

Written by Customer Service on February 18, 2021. Posted in Earnings Releases And Operating Results.

Net Income of $8.5 million or $0.29 per diluted shareAdjusted Net Income of $17.5 million or $0.60 per diluted shareSAN CARLOS, Calif., Feb. 18, 2021 (GLOBE NEWSWIRE) — Oportun Financial Corporation (Nasdaq: OPRT) (“Oportun” and the “Company”) today reported financial results for the fourth quarter and full year ended December 31, 2020.“Oportun capped off a challenging 2020 with solid fourth quarter results and momentum heading into 2021,” said Raul Vazquez, CEO of Oportun. “The fundamentals of our business remain strong, and we have identified areas to substantially expand our opportunities for future growth and greater operating efficiency. Our focused commitment to enhancing our digital capabilities enables us to drive more capital-efficient growth, which I am confident will generate greater value for our customers...

Month: February 2021

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