Day: March 11, 2021
– Fourth Quarter 2020 Revenue Grew 91% Year-Over-Year to $69.6 Million –– Full Year 2020 Revenue Grew 75% Year-Over-Year to $240.9 Million –– Fourth Quarter 2020 Organic Revenue Growth of 17% –TAMPA, Fla., March 11, 2021 (GLOBE NEWSWIRE) — BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), a rapidly growing independent insurance distribution firm delivering tailored insurance solutions, today announced its results for the quarter and full year ended December 31, 2020.FOURTH QUARTER 2020 HIGHLIGHTSRevenue increased 91% year-over-year to $69.6 millionPro Forma Revenue(1) grew 158% year-over-year to $94.4 millionOrganic Revenue Growth(2) was 17%(3) year-over-year“MGA of the Future” revenue grew 73%(4) to $16.4 million, compared to $9.5 million in the prior-year periodGAAP net loss of $19.1...
BRT Apartments Reports Fourth Quarter and Year End 2020 Results
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– Delivers Strong Operational Performance for Quarter and Year –GREAT NECK, N.Y., March 11, 2021 (GLOBE NEWSWIRE) — BRT APARTMENTS CORP. (NYSE:BRT), a real estate investment trust that owns, operates, and, to a lesser extent, develops multi-family properties, today reported that for the three months ended December 31, 2020, it generated a net loss of $3.30 million, or $0.19 per diluted share, FFO1 of $4.97 million, or $0.29 per diluted share, and AFFO of $5.64 million, or $0.33 per diluted share, and that for the twelve months ended December 31, 2020, it generated a net loss of $19.86 million, or $1.16 per diluted share, FFO of $17.0 million, or $0.99 per diluted share, and AFFO of $19.21 million, or $1.12 per diluted share.Jeffrey A. Gould, President and Chief Executive Officer of BRT stated, “In 2020 we increased occupancy...
HCI Group Reports Fourth Quarter and Full Year 2020 Results
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TAMPA, Fla., March 11, 2021 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE:HCI), an InsurTech company with operations in insurance, software development and real estate, reported results for the three and twelve months ended December 31, 2020.Fourth Quarter 2020 – Financial ResultsNet income for the fourth quarter of 2020 totaled $2.7 million or $0.35 diluted earnings per share compared with $6.4 million or $0.82 diluted earnings per share in the fourth quarter of 2019. Adjusted net income (a non-GAAP measure which excludes net unrealized gains or losses on equity securities) for the quarter was $1.8 million or $0.22 diluted earnings per share compared with $5.9 million or $0.76 diluted earnings per share in the fourth quarter of 2019. The company has included in this press release an explanation of adjusted net income as well as...
Hawaii Water Service Receives Hawaii Public Utilities Commission Approval to Acquire Kapalua Water, Waste Treatment Companies
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WAIKOLOA, Hawaii, March 11, 2021 (GLOBE NEWSWIRE) — Hawaii Water Service (Hawaii Water), a subsidiary of California Water Service Group (Group) (NYSE: CWT), received approval from the Hawaii Public Utilities Commission (Commission) this week to acquire the assets of Kapalua Water Company and Kapalua Waste Treatment Company from Maui Land and Pineapple Company (ML&P).Pursuant to the agreement with ML&P and upon closing of the acquisition, which is subject to the remaining closing conditions in the agreement, Hawaii Water will provide water and wastewater service to approximately 1,000 service connections in the Kapalua, Maui, resort area. The utility systems serve homes, hotels, condominiums, golf courses, restaurants, and other resort amenities. Hawaii Water will also serve the expansion areas of Kapalua as they are developed...
VALHI REPORTS FOURTH QUARTER 2020 RESULTS
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Dallas, Texas, March 11, 2021 (GLOBE NEWSWIRE) — Valhi, Inc. (NYSE: VHI) reported net income from continuing operations attributable to Valhi stockholders of $20.2 million, or $.71 per diluted share, in the fourth quarter of 2020 compared to net income from continuing operations of $10.8 million, or $.38 per diluted share, in the fourth quarter of 2019. For the full year of 2020, Valhi reported net income from continuing operations attributable to Valhi stockholders of $50.9 million, or $1.79 per diluted share compared to net income from continuing operations of $49.2 million, or $1.73 per diluted share for the full year of 2019. Net income from continuing operations attributable to Valhi stockholders increased in the fourth quarter of 2020 as compared to the fourth quarter of 2019 primarily due to higher operating results from...
Entera Bio to Report Financial Results for the Year Ended December 31, 2020 on March 18, 2021
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BOSTON and JERUSALEM, March 11, 2021 (GLOBE NEWSWIRE) — Entera Bio Ltd. (NASDAQ: ENTX), a leader in the development of orally delivered large molecule therapeutics, announced it will report business and financial results for the year ended December 30, 2020 on March 18, 2021, before the U.S. financial markets open.Entera’s management will host a conference call on Thursday, March 18, 2021 at 8:30 a.m. EDT to discuss the results for the quarter. A question-and-answer session will follow Entera’s remarks. To participate on the live call, please dial (855) 547-3865 (US) or (409) 217-8787 (international) and provide the conference ID “5557946” five to ten minutes before the start of the call.To access a live audio webcast of the presentation on the “Investor Relations” page of Entera’s website, please click here. A replay of the webcast...
Potbelly Corporation Reports Results for Fourth Fiscal Quarter and Full Year 2020
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Fourth quarter same-store sales resilient and improved 130 basis points sequentially to (19.7%)Continued to advance new strategic focus on “Traffic-Driven Profitability” to return Potbelly to long-term growthStrategic initiatives and economic recovery expected to support sequential quarterly improvement in performance and return to positive cash flow and enterprise profitability in second half of 2021CHICAGO, March 11, 2021 (GLOBE NEWSWIRE) — Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop concept, today reported financial results for the fiscal fourth quarter and full year ended December 27, 2020.2020 Strategic SuccessesExited 2020 with sequential improvement in same-store-sales (SSS) over seven of the last eight months, demonstrating the resiliency of the business and ability to pivot to rapidly changing...
Salarius Pharmaceuticals to Report Fourth Quarter and Full Year 2020 Financial Results
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HOUSTON, March 11, 2021 (GLOBE NEWSWIRE) — Salarius Pharmaceuticals, Inc. (Nasdaq: SLRX), a clinical-stage biopharmaceutical company developing potential new medicines for patients with pediatric cancers, solid tumors, and other cancers, today announced that the Company will host a conference call and live audio webcast on Thursday, March 18, 2021, at 4:30 p.m. ET, to discuss its corporate and financial results for the fourth quarter and full year 2020.Conference Call Information:(833) 423-0379 (U.S.)(918) 922-2277 (international)Conference ID: 8997199An audio webcast will be accessible via the Investors Events and Presentations section of the Company’s website http://investors.salariuspharma.com/. An archive of the webcast will remain available for 90 days beginning at approximately 5:30 p.m. ET, on March 18, 2021.About Salarius...
NXP Resumes Operations at Austin, Texas Facilities Following Weather-Related Shutdown and Provides Revenue Update
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EINDHOVEN, The Netherlands and AUSTIN, TX, March 11, 2021 (GLOBE NEWSWIRE) — NXP Semiconductors N.V. (NASDAQ: NXPI) today announced it has resumed initial operations at its manufacturing facilities in Austin, Texas following the severe winter storm and corresponding widespread disruption of gas, electricity and water recently experienced across Texas. The storm and subsequent loss of utilities damaged NXP’s two wafer manufacturing facilities in Austin and caused a full shutdown that began on February 15.Utilities were restored to the impacted facilities and clean room environments were deemed safe for personnel to return on February 27. Since that time, NXP teams have been on-site repairing damage, assessing impacted systems and executing equipment recalibrations. Personnel are currently evaluating the wafer-level work in process...
Zumiez Inc. Announces Fiscal 2020 Fourth Quarter Results
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Fourth Quarter 2020 Net Sales Increased 0.8% to $331.5 MillionFourth Quarter 2020 Diluted Earnings Per Share Increased 13.9% to $1.68Cash and Current Marketable Securities Increased 49.5% to $375.5 MillionLYNNWOOD, Wash., March 11, 2021 (GLOBE NEWSWIRE) — Zumiez Inc. (NASDAQ: ZUMZ) today reported results for the fourth quarter and year ended January 30, 2021.Total net sales for the fourth quarter ended January 30, 2021 (13 weeks) increased 0.8% to $331.5 million from $328.8 million in the quarter ended February 1, 2020 (13 weeks). Comparable sales for the thirteen weeks ended January 30, 2021 increased 4.7% compared to a comparable sales increase of 6.4% for the thirteen weeks ended February 1, 2020. Net income for the fourth quarter of fiscal 2020 was $42.8 million, or $1.68 per diluted share, compared to net income of $37.9 million,...