Month: August 2021

BlueLinx Announces Second Quarter 2021 Results

Written by Customer Service on August 3, 2021. Posted in Public Companies.

Record Net Income and Adjusted EBITDA TTM Net Sales, Net Income and Adjusted EBITDA of $4.1 billion, $250 million, and $392 million, respectivelyStrong Financial Performance Supports Significantly Improved Balance Sheet MARIETTA, Ga., Aug. 03, 2021 (GLOBE NEWSWIRE) — BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, today reported financial results for the three months ended July 3, 2021. SECOND QUARTER 2021 RESULTS(all comparisons versus the prior-year period unless otherwise noted)Net sales increased to $1.3 billion, an increase of 87% Gross margin increased 480 basis points to 19.2% Net income of $113 million, an increase of $107 million Adjusted EBITDA of $166 million, an increase of $135 million Excess availability and cash on hand of $276 million, an increase of $138 million Amended...

O-I GLASS REPORTS STRONG SECOND QUARTER 2021 RESULTS

Written by Customer Service on August 3, 2021. Posted in Public Companies.

Results exceeded expectations on strong shipments and solid operating performance PERRYSBURG, Ohio, Aug. 03, 2021 (GLOBE NEWSWIRE) — FOR IMMEDIATE RELEASE O-I Glass, Inc. (“O-I”) (NYSE: OI) today reported financial results for the second quarter ended June 30, 2021. “O-I’s second quarter business performance was strong and exceeded our expectations. Demand was robust and shipment levels rebounded to pre-pandemic levels. Excluding the effect of recent divestitures, sales volume was up 18 percent from the prior year period. Likewise, the company’s performance benefited from higher production as well as continued solid operating and cost performance supported by the company’s Margin Expansion initiatives. Second quarter cash provided by operating activities was also strong reflecting solid earnings,” said Andres Lopez, CEO. “We continued...

Artisan Partners Asset Management Inc. Reports 2Q21 Results and Announces Changes to its Board of Directors

Written by Customer Service on August 3, 2021. Posted in Public Companies.

MILWAUKEE, Aug. 03, 2021 (GLOBE NEWSWIRE) — Artisan Partners Asset Management Inc. (NYSE: APAM) (the “Company” or “Artisan Partners”) today reported its results for the three and six months ended June 30, 2021, and declared a quarterly dividend. The full June 2021 quarter earnings release and investor presentation can be viewed at www.apam.com. The Company also announced today that its Board of Directors appointed Stephanie G. DiMarco the Chair of the Board and appointed Saloni S. Multani to the Board, in each case effective August 13, 2021. Conference Call The Company will host a conference call on August 4, 2021 at 1:00 p.m. (Eastern Time) to discuss its results for the three and six months ended June 30, 2021. Hosting the call will be Eric Colson, Chairman and Chief Executive Officer, and C.J. Daley, Chief Financial Officer....

Kadant Reports Record Results for Second Quarter 2021

Written by Customer Service on August 3, 2021. Posted in Public Companies.

WESTFORD, Mass., Aug. 03, 2021 (GLOBE NEWSWIRE) — Kadant Inc. (NYSE: KAI) reported its financial results for the second quarter ended July 3, 2021. Second Quarter Financial Highlights with Records Achieved in Each of the Following MetricsBookings increased 60% to $213 million. Revenue increased 28% to $196 million. Operating cash flow increased 101% to $44 million. Free cash flow increased 100% to $42 million. Net income increased 97% to $23 million. GAAP diluted EPS increased 96% to $1.96. Adjusted diluted EPS increased 90% to $2.01. Adjusted EBITDA increased 56% to $41 million and represented 21.1% of revenue. Backlog was $242 million.Note: Percent changes above are based on comparison to the prior year period. Free cash flow, adjusted diluted EPS, adjusted EBITDA, adjusted EBITDA margin, and changes in organic revenue are...

Microchip Technology Declares Quarterly Cash Dividend Increase to 43.7 Cents Per Share

Written by Customer Service on August 3, 2021. Posted in Dividend Reports And Estimates.

CHANDLER, Ariz., Aug. 03, 2021 (GLOBE NEWSWIRE) — (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced that its Board of Directors has declared a quarterly cash dividend on its common stock of 43.7 cents per share. The dividend is payable on September 3, 2021 to stockholders of record on August 20, 2021. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 68 times since its inception. “Microchip’s financial performance in the June 2021 quarter was very strong resulting in significant cash generation and debt reduction,” said Steve Sanghi, Executive Chair. “The Microchip Board of Directors initiated a path to higher dividends in our February 2021 dividend announcement...

Hydrofarm Acquires Canada’s Greenstar Plant Products

Written by Customer Service on August 3, 2021. Posted in Mergers And Acquisitions.

Grotek and Gaia Green Brands Added to Expanding Portfolio of Premium Plant Nutrients as Hydrofarm’s Acquisition Run Continues FAIRLESS HILLS, Pa., Aug. 03, 2021 (GLOBE NEWSWIRE) — Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading distributor and manufacturer of hydroponics equipment and supplies for controlled environment agriculture (“CEA”), today announced that it has signed a definitive agreement and closed on the acquisition of Canadian nutrient company, Greenstar Plant Products, Inc. (“Greenstar”), manufacturer of the Grotek and Gaia Green brands. These brands join Hydrofarm’s lineup of high performance, proprietary branded products in the lighting, climate control, nutrients and growing media categories. Hydrofarm funded the purchase price of approximately $83 million U.S. dollars ($103,635,000...

Kratos Reports Second Quarter Financial Results

Written by Customer Service on August 3, 2021. Posted in Public Companies.

Second Quarter Revenues of $205.1 Million, Increased 20.4 percent over Second Quarter 2020 Second Quarter Unmanned Systems Segment Revenues of $60.3 Million, Increased 43.6 percent over Second Quarter 2020 Second Quarter KGS Segment Revenues of $144.8 Million, Increased 12.8 percent over Second Quarter 2020 Second Quarter 2021 Book to Bill Ratio of 0.9 to 1Last Twelve Months Ended June 27, 2021 Book to Bill Ratio of 1.2 to 1 SAN DIEGO, Aug. 03, 2021 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, today reported its second quarter 2021 financial results. For the second quarter of 2021, Kratos reported Revenues of $205.1 million, Operating Income of $3.3 million, Net Income of $1.1 million and Adjusted EBITDA of $17.6 million. Included in Kratos’ second...

Orange Belgium decides to cancel the liquidity contract

Written by Customer Service on August 3, 2021. Posted in Public Companies.

Press releaseRegulated information3 August 2021 Brussels – Orange Belgium announces today that the Board of Directors decided to cancel the liquidity contract with Kepler Cheuvreux. The contract with Kepler Cheuvreux started on 1 August 2019 and will end on 2 September 2021. About Orange Belgium Orange Belgium is one of the leading telecommunication operators in Belgium and in Luxembourg through its subsidiary Orange Communications Luxembourg. As a convergent player, we provide mobile telecommunication services, internet and TV to private clients, as well as innovative mobile and fixed line services to businesses. Our high-performance mobile network supports 2G, 3G, 4G and 4G+ technology and is the subject of ongoing investments. Orange Belgium is a subsidiary of Orange Group, one of the world’s leading telecommunications operators with...

Allied Announces Pricing of $500 Million Green Bond Offering

Written by Customer Service on August 3, 2021. Posted in Public Companies.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICESOR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA TORONTO, Aug. 03, 2021 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (TSX:AP.UN) (“Allied”) announced today that it has priced its previously announced offering, and has agreed to issue $500 million aggregate principal amount of series I senior unsecured debentures (the “Debentures”). The Debentures will bear interest at a rate of 3.095% per annum and will mature on February 6, 2032. The Debentures are being offered on an agency basis by a syndicate of agents led by Scotia Capital Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc. The offering is expected to close on or about August 6, 2021. DBRS Limited has provided Allied with a provisional credit rating of “BBB” with a “Stable” trend relating to the Debentures....

IFIC Statement on the CSA on SRO Framework Consultation

Written by Customer Service on August 3, 2021. Posted in Mergers And Acquisitions.

TORONTO, Aug. 03, 2021 (GLOBE NEWSWIRE) — The Investment Funds Institute of Canada (IFIC) today welcomes the determination by the Canadian Securities Administrators (CSA) to proceed with the creation of a new national self-regulatory organization (SRO) through the merger of the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA). “A single national SRO will deliver significant benefits to investors by enhancing the investor experience, reducing investor confusion, and ultimately improving investor outcomes,” said Paul Bourque, President and CEO, IFIC. “The industry stands ready to assist with the efforts to successfully integrate the two organizations in a timely manner.” IFIC intends to make a submission in response to the CSA’s Position Paper. IFIC’s submission...

Month: August 2021

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