Month: May 2021

LGI Homes Reports April 2021 Home Closings

Written by Customer Service on May 5, 2021. Posted in Public Companies.

THE WOODLANDS, Texas, May 05, 2021 (GLOBE NEWSWIRE) — LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 948 homes in April 2021, up from 605 homes closed in April 2020, representing year-over-year growth of 56.7%. The Company ended the first four months of 2021 with 3,509 home closings, a 43.8% increase over 2,440 home closings during the first four months of 2020. As of April 30, 2021, the Company had 105 active selling communities. About LGI Homes, Inc. Headquartered in The Woodlands, Texas, LGI Homes, Inc. engages in the design, construction and sale of homes in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia, Virginia and Pennsylvania. Since 2018, LGI Homes has been ranked as the 10th...

PHX Energy Announces Its Operating and Financial Results for the First Quarter of 2021

Written by Customer Service on May 5, 2021. Posted in Public Companies.

CALGARY, Alberta, May 05, 2021 (GLOBE NEWSWIRE) — Financial ResultsIn the first quarter of 2021, PHX Energy reported improved adjusted EBITDA as a percentage of revenue and earnings from continuing operations despite the ongoing effects of the COVID-19 pandemic. For the three-month period ended March 31, 2021, the Corporation achieved adjusted EBITDA from continuing operations of $14.5 million, 21 percent of revenue, compared to $19.3 million, 19 percent of revenue, in the corresponding 2020-period. Earnings from continuing operations in the three-month period ended March 31, 2021 increased to $5.3 million from a loss of $2.2 million in the 2020-quarter. The sustained cost discipline initiatives from the prior year and the positive impact of government grants contributed to the improved profitability and earnings in the first...

Silicon Motion Announces Results for the Period Ended March 31, 2021

Written by Customer Service on May 5, 2021. Posted in Public Companies.

Financial Highlights 1Q 2021 GAAP 1Q 2021 Non-GAAP• Net sales $182.4 million (+27% Q/Q, +37% Y/Y) $182.4 million (+27% Q/Q, +37% Y/Y)• Gross margin 50.0% 50.7%• Operating margin 24.3% 26.6%• Earnings per diluted ADS $0.98 $1.11Business HighlightsAchieved all-time record quarterly revenue and EPS Sales of SSD and eMMC+UFS controllers both reached record quarterly highs SSD controller sales increased 25% to 30% Q/Q and increased 45% to 50% Y/Y eMMC+UFS controller sales increased 30% to 35% Q/Q and increased 50% to 55% Y/Y SSD solutions sales increased 0% to 5% Q/Q and declined 40% to 45% Y/YTAIPEI, Taiwan and MILPITAS, Calif., May 06, 2021 (GLOBE NEWSWIRE) — Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”) today announced its financial results for the quarter ended...

CAPREIT Increases Size and Scale of Suburban GTA Portfolio

Written by Customer Service on May 5, 2021. Posted in Mergers And Acquisitions.

TORONTO, May 05, 2021 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the acquisition of a portfolio of four apartment properties located in Oshawa, Ontario aggregating 484 residential suites. CAPREIT paid $103.7 million for the four properties, funded from its Acquisition and Operating Facility. Residential occupancy in the portfolio was 98.4% at closing. The four apartment buildings are located in a small cluster well-positioned in North Oshawa, a growing suburban community east of Toronto. The properties include swimming pools, children’s playgrounds, laundry facilities and parking. All are situated close to a large conservation area, parks, a major shopping mall, and other amenities. They are all easily accessible by numerous transportation...

FLYHT Reports First Quarter 2021 Results

Written by Customer Service on May 5, 2021. Posted in Public Companies.

— Cash Balance Steady with Last Year Due to Disciplined Cost Control — — SaaS Revenue Represented 57% of Total, Driving 57% Gross Margins — — Preparing for “Go Live” with First Actionable Intelligence Launch Partner — CALGARY, Alberta, May 05, 2021 (GLOBE NEWSWIRE) — FLYHT Aerospace Solutions Ltd. (TSX-V: FLY) (OTCQX: FLYLF) (the “Company” or “FLYHT”) today reported financial results for the first quarter ended March 31, 2021. “The first quarter results reflect what we expect to be the worst of the pandemic’s impact on travel and our business,” said Bill Tempany, Interim CEO. “We are already observing many of our customers actively readying their operations for the expected return of passengers to the skies. FLYHT will be there to support their recovery with existing and new...

Global Indemnity Group, LLC Reports First Quarter 2021 Results

Written by Customer Service on May 5, 2021. Posted in Public Companies.

BALA CYNWYD, Pa., May 05, 2021 (GLOBE NEWSWIRE) — Global Indemnity Group, LLC (NASDAQ:GBLI) (the “Company”) today reported net income available to shareholders of $5.4 million for the three months ended March 31, 2021 compared to net loss available to shareholders of $44.6 million for the corresponding period in 2020. Adjusted operating income was $1.3 million for the three months ended March 31, 2021 compared to $10.0 million for the corresponding period in 2020. Selected Operating and Balance Sheet Information (Dollars in millions, except per share data) For the Three MonthsEnded March 31, 2021 2020 Gross Written Premiums $ 163.6 $ 155.7 Net Written Premiums $ 147.7 $ 139.1 Net income (loss) available to shareholders $ 5.4 $ (44.6 )Net income (loss)...

Alliant Energy Submits “Notice of Intent to Settle” on Future Wisconsin Rates

Written by Customer Service on May 5, 2021. Posted in Public Companies.

Agreement in principle would provide Alliant Energy customers ongoing rate certainty while advancing the company’s transition to clean energy MADISON, Wis., May 05, 2021 (GLOBE NEWSWIRE) — Alliant Energy (NASDAQ: LNT) today notified the Public Service Commission of Wisconsin (PSCW) of its intent to enter into a settlement agreement regarding electric and natural gas rates in Wisconsin for 2022 and 2023. Alliant Energy has a settlement in principle with several Wisconsin-based stakeholder organizations, including the Citizens Utility Board (CUB), Wisconsin Industrial Energy Group (WIEG) and Sierra Club, which further manages customer costs and enables a thoughtful transition to clean energy. During the two years covered by the settlement in principle, Alliant Energy anticipates placing nearly 1,100 megawatts of new solar generation...

Trisura Group Reports First Quarter 2021 Results

Written by Customer Service on May 5, 2021. Posted in Public Companies.

TORONTO, May 05, 2021 (GLOBE NEWSWIRE) — Trisura Group Ltd. (“Trisura” or “Trisura Group”) (TSX: TSU), a leading international specialty insurance provider, today announced financial results for the first quarter of 2021. David Clare, President and CEO of Trisura, stated, “Trisura’s momentum continued in the first quarter of 2021, with net income of $19.3 million, an increase of 130.8% over the prior year. Strong underwriting performance and premium growth, supported by investment gains, contributed to a 16.1% return on equity, meeting our mid-teens target ahead of plan. Premium growth was significant, increasing 82.6% over the prior year, while disciplined underwriting in Canada contributed to an industry-leading 65.3% combined ratio. Our US business sustained its trajectory of growth, binding a new record $224.7 million of gross...

StorageVault Reports 2021 First Quarter Results and Increases Dividend

Written by Customer Service on May 5, 2021. Posted in Public Companies.

TORONTO, May 05, 2021 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX-V) reported the Corporation’s 2021 first quarter results and increases its dividend. Iqbal Khan, Chief Financial Officer, commented: “We achieved a record number of move-ins and inquiries, resulting in strong same store performance, with 10.5% year over year increase in revenue and an 11.8% increase in NOI in Q1. The market continues to be extremely strong and we are well positioned to take advantage of this for the balance of the year. We will continue to be disciplined purchasers of assets and expect the recent launch of our last mile storage technology platform, FlexSpace Logistics, to help drive revenues and NOI.” 2021 First Quarter ResultsRevenue for the first quarter of 2021 increased to $43.3 million compared...

Freddie Mac Prices $773 Billion Multifamily K-Deal, K-742

Written by Customer Service on May 5, 2021. Posted in Public Companies.

MCLEAN, Va., May 05, 2021 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 7-year terms. The company expects to issue approximately $773 billion in K Certificates (K-742 Certificates), which are expected to settle on or about May 13, 2021. K-742 PricingClass Principal/NotionalAmount (mm) WeightedAverage Life(Years) Spread(bps) Coupon Yield DollarPriceA-1 $185.300 4.63 S+2 0.8610% 0.8504% $99.9974A-2 $497.975 6.74 S+6 1.7600% 1.2807% $102.9971A-M $89.849 6.90 S+11 1.3690% 1.3591% $99.9995X-1 $683.275 5.93 T+45 0.8691% 1.4668% $4.2993X-AM Non-OfferedX-3 $62.686 6.70 T+210 2.6853% 3.2933% $15.7458DetailsCo-Lead Managers...

Month: May 2021

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