Day: July 29, 2021

ST. JOHN’S, Newfoundland and Labrador, July 29, 2021 (GLOBE NEWSWIRE) — Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS) released its second quarter results1 and 2021 Sustainability Update today. HighlightsSecond quarter net earnings of $253 million, or $0.54 per common share Adjusted net earnings2 of $0.55 per common share; strong growth over the second quarter of 2020 excluding the impact of foreign exchange Capital expenditures of $1.7 billion in the first half of 2021; $3.8 billion annual capital plan on track Fortis has signed on as a supporter of the Task Force on Climate-Related Financial Disclosures Sustainability Update released today highlights a 15% reduction in Scope 1 emissions in 2020“Throughout the quarter our employees remained focused on serving our customers safely...

Second quarter 2021 revenue of $3.4 billion (up 30.8% year-over-year) Diluted EPS1 of $1.01 (up 159.0%); adjusted diluted EPS1 of $1.13 (up 113.2%) Second quarter 2021 Segment EBITDA margin of 20.8% for North America; 14.9% for Specialty; and 10.7% for Europe Second quarter operating cash flow of $411 million; free cash flow of $365 million Net leverage decreased to 1.2x EBITDA Repurchased 6.2 million shares for $304 million in the quarter Stock repurchase program expanded by a further $1 billion, raising aggregate authorization to $2 billion 2021 outlook raisedCHICAGO, July 29, 2021 (GLOBE NEWSWIRE) — LKQ Corporation (Nasdaq:LKQ) today reported second quarter 2021 results that reflect strength for the Company in a number of key metrics including total revenue, segment margins and free cash flow. In other second quarter developments,...

MOOREFIELD, W.Va., July 29, 2021 (GLOBE NEWSWIRE) — Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today reported financial results for the second quarter of 2021, including continued strong earnings on growth in loans and total revenue, as well as lower credit costs. Second quarter 2021 net income applicable to common shares totaled $10.4 million, or $0.80 per diluted share. Net income applicable to common shares were $10.4 million or $0.80 per diluted share in the first quarter of 2021 and $6.9 million or $0.54 per diluted share in the second quarter of 2020. For the six months ended June 30, 2021, Summit recorded net income applicable to common shares of $20.8 million, or $1.60 per diluted share, compared with $11.5 million, or $0.88 per diluted share, for the comparable 2020 six-month period, representing...

‘Cyber Attack Trends: 2021 Mid-Year Report’ uncovers how cyber criminals have continued to exploit the Covid-19 pandemic and highlights a dramatic 93% increase in the number of ransomware attacks globallyAt 36%, EMEA experienced the biggest increase in cyber-attacks, followed by Americas’ 34% and APAC’s 13% At 1338, organizations in APAC faced the highest number of cyber-attacks weekly, followed by EMEA at 777 and Americas at 688SAN CARLOS, Calif., July 29, 2021 (GLOBE NEWSWIRE) — Check Point Research (CPR), the Threat Intelligence arm of Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber security solutions globally, has released its ‘Cyber Attack Trends: 2021 Mid-Year Report’, which shows how cyber criminals have continued to exploit the global shift to hybrid working and target organizations...

Delivers free funds flow of $1.3 billion CALGARY, Alberta, July 29, 2021 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) continues to demonstrate the strengths of the company’s integrated portfolio in its second quarter results, generating cash from operating activities of $1.4 billion, adjusted funds flow of $1.8 billion and free funds flow of $1.3 billion, supporting a reduction in net debt of nearly $1 billion since March 31, 2021. Total production of nearly 770,000 barrels of oil equivalent per day (BOE/d) despite planned turnarounds at several assets, and strong realized commodity prices in the upstream business along with continued recovery of demand for U.S. downstream products drove Cenovus’s strong financial performance, which the company expects will continue through the rest of the year. “Our results underscore...

Automotive Revenue Significantly Outperformed Light Vehicle ProductionSecured $400 Million in New Automotive AwardsUpdates 2021 Guidance NORTHVILLE, Mich., July 29, 2021 (GLOBE NEWSWIRE) — Gentherm (NASDAQ:THRM), a global market leader and developer of innovative thermal management technologies, today announced its financial results for the second quarter ending June 30, 2021. Second Quarter HighlightsProduct revenues of $266.0 million increased 95.5% from $136.1 million in the 2020 second quarter.Excluding the impact of foreign currency translation, product revenues increased 87.3% year over yearGAAP diluted earnings per share was $0.74 as compared with a diluted loss per share of $0.32 for the prior-year period Adjusted diluted earnings per share (see table herein) was $0.85. The prior-year quarter had an adjusted diluted...

Festi hf. published its Q2 2021 Condensed Consolidated Interim Financial Statements after market closing on 28 July 2021.Please find attached the Q2 2021 investor presentation which was held this morning, Thursday 29 July 2021 at 8:30.AttachmentFesti hf. – Presentation of Q2 2021 results

CHICAGO, July 29, 2021 (GLOBE NEWSWIRE) — LKQ Corporation (Nasdaq:LKQ) today announced that its Board of Directors has authorized a $1 billion increase and a two year extension to its stock repurchase program, raising the aggregate authorization under the program to $2 billion and authorizing repurchases through October 25, 2024. Since initiating the stock repurchase plan in October 2018, 25.0 million shares have been repurchased for a total consideration of $830 million through June 30, 2021. Varun Laroyia, Executive Vice President and Chief Financial Officer of LKQ Corporation, stated: “The expanded stock repurchase program reflects our continued confidence in the Company’s future performance, long-term cash flow generation and the success of the program. The strength of our business, balance sheet, capacity for strategic...