Month: July 2021

Strong performance in a challenging supply chain environment LISLE, Ill., July 27, 2021 (GLOBE NEWSWIRE) — CTS Corporation (NYSE: CTS) today announced second quarter 2021 results.Sales were $129.6 million, up 54% year-over-year. Sales to transportation customers increased 88%, and sales to other end markets grew 26%. The Sensor Scientific acquisition added $1.6 million of sales in the second quarter of 2021. Net earnings were $0.9 million or $0.03 per diluted share versus $4.9 million or $0.15 per diluted share in the second quarter of last year. The second quarter net earnings were impacted by a non-cash charge of $20.1 million related to the previously communicated termination of the U.S. pension plan. Adjusted diluted EPS was $0.52, up from $0.16 in the second quarter of 2020. Free cash flow was $16.3 million, up from $9.1...

Second-quarter core sales of $3.5 billion grew 35% from Q2 2020 and 17% from Q2 2019; Core EPS grew 112% year over year to $0.53 on higher sales and expanded margins; Free cash flow of $471 million grew $186 million, or 65%, year over yearQ2 2021 Earnings InfographicCorning Reports Outstanding Second-Quarter 2021 ResultsCORNING, N.Y., July 27, 2021 (GLOBE NEWSWIRE) — Corning Incorporated (NYSE: GLW) today announced results for the second quarter ended June 30, 2021, and provided an outlook for the third quarter of 2021.GAAP and core sales were $3.5 billion; core sales grew 35% year over year and 17% versus second-quarter 2019. GAAP net income was $449 million and core net income was $459 million. GAAP EPS was ($0.42) and core EPS was $0.53, up 112% year over year and 18% versus second-quarter 2019.The difference...

Shelton, CT, July 27, 2021 (GLOBE NEWSWIRE) — HUBBELL REPORTS SECOND QUARTER 2021 EARNINGS PER DILUTED SHARE OF $1.74 AND ADJUSTED EARNINGS PER DILUTED SHARE OF $2.36Q2 net sales +26% (organic +21%) Q2 diluted EPS of $1.74; adjusted diluted EPS of $2.36 Update FY21 reported diluted EPS to $7.05-$7.35 Raise FY21 adjusted diluted EPS to $8.50-$8.80SHELTON, CT. (July 27, 2021) – Hubbell Incorporated (NYSE: HUBB) today reported operating results for the second quarter ended June 30, 2021. “Hubbell delivered a strong quarter, with year-over-year organic growth and adjusted earnings per share growth in excess of 20%,” said Gerben Bakker, Chairman, President and Chief Executive Officer. Broad-based strength across Electrical and Utility end markets drove significant volume and orders growth in the second quarter. In Utility Solutions,...

MONTREAL, July 27, 2021 (GLOBE NEWSWIRE) — Dynacor Gold Mines Inc. (TSX: DNG) (Dynacor or the Corporation) announced its monthly dividend. The declaration of a dividend payment of C$0.0067 per common share will be payable on August 17, 2021, to shareholders of record as of the close of business on August 9, 2021. This dividend represents the seventeenth dividend and seventh monthly payment made to shareholders. The Corporation’s monthly dividend qualifies as an “eligible dividend” for Canadian income tax purposes. The payment and increase of dividends are at the discretion of the Board and will depend on the Corporation’s financial results, cash requirements, prospects and other factors deemed relevant by the Board. ABOUT DYNACOR Dynacor is a dividend-paying industrial gold ore processor headquartered in Montreal, Canada. The corporation...

Reported revenue was $163.0 million for the quarter, representing year-over-year growth of 86% and organic growth of 69% Revenue guidance raised to $625-$645 million for full year 2021 Acquisition of hollow fiber innovator Polymem S.A. completed July 1, 2021WALTHAM, Mass., July 27, 2021 (GLOBE NEWSWIRE) — Repligen Corporation (NASDAQ:RGEN), a life sciences company focused on bioprocessing technology leadership, today reported financial results for its second quarter of 2021. Provided in this press release are financial highlights for the three- and six- month periods ended June 30, 2021, updates to our financial guidance for the fiscal year 2021 and access information for today’s webcast and conference call. Tony J. Hunt, President and Chief Executive Officer said, “We delivered an outstanding second quarter and first half of...

XL Hybrid system can immediately be ordered as an option on ARBOC Freedom low-floor buses sold through ARBOC’s North American dealer networkWheelchair-accessible hybrid buses are built on the GM 4500 chassis and require no electric vehicle charging infrastructure MIDDLEBURY, Ind., July 27, 2021 (GLOBE NEWSWIRE) — (TSX: NFI, OTC: NFYEF) NFI Group Inc. (“NFI” or the “Company”), a leading independent bus and coach manufacturer and a leader in mobility solutions, today announced that XL Fleet Corp. (NYSE: XL) (“XL Fleet”) and NFI subsidiary ARBOC Specialty Vehicles, LLC (“ARBOC”) have announced a partnership to electrify ARBOC Freedom low-floor buses with the XL Hybrid (XLH™) electric propulsion system. The wheelchair-accessible buses are built on the GM 4500 chassis and are now available for purchase with an installed XL Hybrid system...

LIMA, Peru, July 27, 2021 (GLOBE NEWSWIRE) — Minera IRL Limited (“Minera” or the “Company”) (BVL:MIRL) (CSE:MIRL) is pleased to announce the appointment of Steven Ngatai as Vice President of Projects, Susan Gabbie as Chief Communications Officer, and Pedro Valdez as Vice President Investor Relations. All of the appointments are effective as of August 1, 2021. Steven (Steve) Ngatai has a proven track record in construction and mining spanning almost 40 years, having worked in Australasia and China, and most recently in Central and South America. He has held key leadership positions for civil and mining contractor Stracon International S.A.C. and as part of the development and ramp-up of several mining projects operated by top metal producers including First Quantum Minerals Ltd. and Hudbay Minerals Inc. Steve will manage the technical...

Performance driven by Robust Organic Growth across all Operations Operating highlights:    Three months ended   Six months ended      June 30   June 30      2021   2020   2021   2020                             Revenues (millions) $ 831.6   $ 621.6   $ 1,542.7   $ 1,255.4  Adjusted EBITDA (millions) (note 1)   89.9     71.2     149.6     115.1  Adjusted EPS (note 2)   1.21     0.86     1.87     1.23                             GAAP Operating Earnings   61.4     44.9     95.3     60.9  GAAP EPS   0.83     0.64     1.32     0.77                             TORONTO, July 27, 2021 (GLOBE NEWSWIRE) — FirstService Corporation (TSX: FSV; NASDAQ: FSV) today reported very strong results for its second quarter ended June 30, 2021. All amounts are in US dollars. Consolidated revenues for the second quarter...

 Second Quarter 2021 HighlightsNet sales increase 39.9% to $826.5 million on 36.0% higher organic sales   Operating income margin of 14.7%; Adjusted operating income margin of 15.1%   EPS increases 255.6% to record $1.60; Adjusted EPS increases 108.8% to record $1.67   Strong cash flow from operations of $100.0 million   ROIC increases 280 basis points to 21.4%CLEVELAND, July 27, 2021 (GLOBE NEWSWIRE) — Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported second quarter 2021 net income of $96.1 million, or diluted earnings per share (EPS) of $1.60, which includes special item after-tax charges of $4.5 million, or $0.07 EPS. This compares with prior year period net income of $27.0 million, or $0.45 EPS, which included special item after-tax charges of $21.0 million, or $0.35 EPS. Excluding...