INDUS Announces Closing on the Acquisition of an Industrial/Logistics Building in Charleston, South Carolina

Written by Customer Service on November 16, 2021. Posted in Mergers And Acquisitions.

NEW YORK, Nov. 16, 2021 (GLOBE NEWSWIRE) — INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”), a U.S. based industrial/logistics REIT, announced today that it has completed the acquisition of a 57%-leased, approximately 197,000 square foot industrial/logistics building in Charleston, South Carolina (the “Charleston Acquisition”), the Company’s first property in the Charleston market. The Company used cash on hand to pay the $28.6 million purchase price, before transaction costs, and the Company expects that the Charleston Acquisition will stabilize at an approximately 4.6% cash capitalization rate. Michael Gamzon, President and Chief Executive Officer of INDUS, commented, “We are very excited to enter Charleston, a market that has a fast-growing population, a meaningful manufacturing base and the Port of Charleston,...

Ferroglobe Reports Results for the Third Quarter 2021

Written by Customer Service on November 16, 2021. Posted in Earnings Releases And Operating Results.

Sales of $429.2 million, Adjusted EBITDA of $37.6 million Q3 2021 sales of $429.2 million, up 2.5% compared to $418.5 million in Q2 2021, and up 63.4% compared to $262.7 million in Q3 2020 Adjusted EBITDA of $37.6 million, up 10.3% compared to $34.1 million in Q2 2021, and up 69.1% compared to $22.2 million in Q3 2020 Net loss of ($97.6) million, compared to net profit of $0.7 million in Q2 2021, and net loss of ($46.8) million in Q3 2020 Net loss includes a one-time charge of $90.8 million related to the debt extinguishment from the refinancing Negative operating cash flow of ($34.7) million driven by an investment in working capital Pricing environment remains strong across all products; 2022 order book well positioned to capitalize on upside LONDON, Nov. 16, 2021 (GLOBE NEWSWIRE) — Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe”,...

Uniroyal Global Engineered Products, Inc. Reports Financial Results for the Third Quarter Ended October 3, 2021

Written by Customer Service on November 16, 2021. Posted in Earnings Releases And Operating Results.

SARASOTA, Fla., Nov. 16, 2021 (GLOBE NEWSWIRE) — Uniroyal Global Engineered Products, Inc. (OTCQB:UNIR) today reported financial results for the third quarter of 2021 ended October 3, 2021. Financial Summary Net Sales of $16,385,914 increased 8.0% versus prior year Net Loss of $823,974 versus prior year loss of $1,013,995 Net Income (Loss) Allocable to Common Shareholders of $4,794,471 income versus loss of ($1,822,633); 2021 includes non-recurring adjustment for extinguishment of preferred stock dividend Net Income (Loss) Per Common Share $1.28 versus loss of ($0.49) per common share Overview In addition to bolstering our manufacturing efficiencies in a very difficult operational environment, we have been diligently working on ways to improve the liquidity of the Company as we push through the various headwinds impacting most...

Recent Acquisition Makes Towne Properties the Largest Association Management Company in Columbus

Written by Customer Service on November 16, 2021. Posted in Mergers And Acquisitions.

Towne Properties announces its acquisition of Borror’s Association Management division COLUMBUS, Ohio, Nov. 16, 2021 (GLOBE NEWSWIRE) — Towne Properties announces its acquisition of Borror’s Association Management division. This merger makes Towne Properties the largest Homeowners and Condo Owners Association Management company in the Columbus Metro Area, serving over 24,000 households. Robert Wahlke, President of Towne Properties, said of the acquisition, “We are very proud that we are welcoming over 8,800 households into our management. Our goal as a company is to create better communities and being able to help support the HOA and COA boards within these associations brings us great pride.” About Towne Properties: Towne Properties is an integrated real estate company founded in 1961 and based in Cincinnati, OH. Towne Properties...

Allbirds Announces Third Quarter 2021 Earnings Conference Call

Written by Customer Service on November 16, 2021. Posted in Public Companies.

SAN FRANCISCO, Nov. 16, 2021 (GLOBE NEWSWIRE) — Allbirds, Inc., a global lifestyle brand that innovates with naturally derived materials to make better footwear and apparel products in a better way, today announced that its third quarter 2021 financial results will be released after market close on Tuesday, November 30, 2021. The company will host a conference call to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. A live webcast of the conference call will be available on the Allbirds investor relations website at https://ir.allbirds.com. A replay will be made available online and archived on the investor relations website following the conference call. About Allbirds Headquartered in San Francisco, Allbirds is a global lifestyle brand that innovates with naturally derived materials to make...

Oportun announces definitive agreement to acquire Digit

Written by Customer Service on November 16, 2021. Posted in Mergers And Acquisitions.

Creating an unmatched neobanking platform Slide included in Oportun’s presentation available at investor.oportun.com Acquisition unlocks significant value for Oportun & Digit Slide included in Oportun’s presentation available at investor.oportun.com Oportun to offer unmatched neobanking platform with A.I.-driven lending, saving, investing, and banking capabilities tailored to the needs of hardworking people 1.4 million combined active members and a platform for accelerating growth SAN CARLOS, Calif., Nov. 16, 2021 (GLOBE NEWSWIRE) — Oportun (Nasdaq:OPRT), a mission-driven fintech company today announced that it has signed a definitive agreement to acquire Digit (digit.co), a neobanking platform that provides automated savings, investing, and banking tools. By doing so, Oportun will further expand...

DLC Releases Q3-2021 Results; Achieves Over $75 Billion in Funded Mortgage Volumes for the Twelve Months Ending September 30, 2021

Written by Customer Service on November 16, 2021. Posted in Earnings Releases And Operating Results.

VANCOUVER, British Columbia, Nov. 16, 2021 (GLOBE NEWSWIRE) — Dominion Lending Centres Inc. (TSXV:DLCG) (“DLCG” or the “Corporation”) is pleased to report its financial results for the three and nine months ended September 30, 2021 (“Q3-2021”). For complete information, readers should refer to the interim financial statements and management discussion and analysis (“MD&A”) which are available on SEDAR at www.sedar.com and on the Corporation’s website at www.dlcg.ca. All amounts are presented in Canadian dollars unless otherwise stated. Reference herein to the Dominion Lending Centres Group of Companies (the “DLC Group” or “Core Business Operations”) includes the Corporation and its three main subsidiaries, MCC Mortgage Centres Canada Inc. (“MCC”), MA Mortgage Architects Inc. (“MA”), and Newton Connectivity Systems Inc. (“Newton),...

La-Z-Boy Reports Record Sales for the Fiscal 2022 Second Quarter and Sequential Operating Margin Improvement

Written by Customer Service on November 16, 2021. Posted in Earnings Releases And Operating Results.

Increases Quarterly Dividend MONROE, Mich., Nov. 16, 2021 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today reported operating results for the fiscal 2022 second quarter ended October 23, 2021. Fiscal 2022 second quarter versus Fiscal 2021 second quarter: Consolidated sales increased 25% to $576 million Strong written order trends versus pre-pandemic FY20 Q2 Consolidated operating margin: GAAP: 9.4% versus 10.4% Non-GAAP(1): 9.0% versus 11.1% Improved sequentially versus 6.6% in the fiscal 2022 first quarter Net income attributable to La-Z-Boy Incorporated per diluted share (“EPS”): GAAP: $0.89 versus $0.75 Non-GAAP(1): $0.85 versus $0.82 $22 million returned to shareholders through share repurchases and dividends in FY22 Q2 Melinda D. Whittington, President and Chief...

Dolby Laboratories Reports Fourth Quarter and Fiscal 2021 Financial Results

Written by Customer Service on November 16, 2021. Posted in Earnings Releases And Operating Results.

SAN FRANCISCO, Nov. 16, 2021 (GLOBE NEWSWIRE) — Dolby Laboratories, Inc. (NYSE:DLB) today announced the company’s financial results for the fourth quarter and fiscal year that ended September 24, 2021. For the fourth quarter, Dolby reported total revenue of $285.0 million, compared to $271.2 million for the fourth quarter of fiscal 2020. For fiscal 2021, Dolby reported total revenue of $1.28 billion, compared to $1.16 billion for fiscal 2020. “Dolby continues to expand the breadth and depth of Dolby Vision and Dolby Atmos experiences across a wider range of content in music, gaming, and live sports,” said Kevin Yeaman, President and CEO, Dolby Laboratories. “We are also excited about the opportunity to drive future growth with initiatives like Dolby.io which enables developers to build high-quality, interactive...

HP Inc. Declares Dividend

Written by Customer Service on November 16, 2021. Posted in Dividend Reports And Estimates.

PALO ALTO, Calif., Nov. 16, 2021 (GLOBE NEWSWIRE) — HP Inc. today declared a cash dividend of $0.25 per share on the company’s common stock, representing an increase of approximately 29% from the prior dividend. The dividend, the first in HP’s fiscal year 2022, is payable on January 5, 2022 to stockholders of record as of the close of business on December 8, 2021. HP has approximately 1.1 billion shares of common stock outstanding. About HP Inc. HP Inc. creates technology that makes life better for everyone, everywhere. Through our product and service portfolio of personal systems, printers and 3D printing solutions, we engineer experiences that amaze. More information about HP Inc. is available at hp.com. © Copyright 2021 HP Development Company, L.P. The information contained herein is subject to change without notice. The only...

Day: November 16, 2021

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