Month: January 2022

BURLINGTON, Mass., Jan. 19, 2022 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Baird 2022 Vehicle Technology & Mobility Conference on Tuesday, January 25, 2022 at 9:05 a.m. Eastern Time. The format for the presentation will be a fireside chat featuring Stefan Ortmanns, Cerence CEO, and Mark Gallenberger, Cerence CFO. The event will be webcast and can be accessed in the “Events” tab under the “Investors” section of the Company’s website at https://www.cerence.com/investors/events-and-resources. The webcast replay will be available on the Company’s website at www.cerence.com. About Cerence Inc.Cerence (NASDAQ: CRNC) is the global industry leader in creating unique, moving experiences for the mobility world. As an innovation partner to the world’s leading...

MINNEAPOLIS, Jan. 19, 2022 (GLOBE NEWSWIRE) — Clearfield, Inc. (NASDAQ: CLFD), the specialist in fiber management for communication service providers, will hold a conference call on Thursday, January 27, 2022 at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results for the fiscal first quarter ended December 31, 2021. Financial results will be issued in a press release and the company’s FieldReport prior to the call, which will be available in the investor relations section of the company’s website. Comprised of presentation slides that will be used throughout the call, the FieldReport will provide additional insight into the company’s financial and operational performance. Clearfield’s President and CEO Cheri Beranek and CFO Dan Herzog will host the presentation, followed by a question-and-answer period. Date:...

Figure 1Strong PerformanceLOS ANGELES, Jan. 19, 2022 (GLOBE NEWSWIRE) — PacWest Bancorp (Nasdaq: PACW) –  FOURTH QUARTER 2021 RESULTS$136.0M $1.14 $181.7M 22.06%Net Earnings Diluted Earningsper Share PPNR ROATE       FOURTH QUARTER 2021 HIGHLIGHTSNet Earnings of $136.0 Million or $1.14 Per Diluted Share Core Deposits Up $4.6 Billion or 16.3% of which $4.1 Billion Related to the Acquisition of the HOA Business in October; Represents 93% of Total Deposits Loan Growth of $2.4 Billion or 11.8% Civic Loan Production of $480 Million in 4Q21, Compared to $481 Million in 3Q21 PPNR of $181.7 Million, Up 8.3% Compared to 3Q21 Provision for Credit Losses Benefit of $6.0 Million in 4Q21 Compared to Benefit of $20.0 Million in 3Q21 Net Interest Income (TE) of $304.5 Million in 4Q21, Compared to $279.8 Million...

TORONTO and MINNEAPOLIS, Jan. 19, 2022 (GLOBE NEWSWIRE) — Ceridian (NYSE:CDAY) (TSX:CDAY), a global leader in human capital management (“HCM”) technology, will release fourth quarter and full-year 2021 earnings after the close of regular market trading on Wednesday, February 9, 2022. The Company will host a live webcast at 5:00pm Eastern Time to discuss the financial results. The event can be accessed via direct registration link or through the Ceridian Investor Relations Website. A replay and transcript will be available after the conclusion of the live event on the Ceridian Investor Relations website. About Ceridian Ceridian. Makes Work Life Better™. Ceridian HCM Holding Inc. (“Ceridian” or the “Company”) (NYSE: CDAY; TSX: CDAY) is a global human capital management software company. Dayforce, our flagship cloud HCM platform,...

EXTON, Pa., Jan. 19, 2022 (GLOBE NEWSWIRE) — Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that in implementing best practices in our organizational development and succession management, it has evaluated the future short- and long-term needs for the success of our business at the senior levels of the organization. We are happy to report the Board of Directors has approved the following organizational changes, which are effective immediately: (a) Dean W. Rivest has been appointed as President of the Company, reporting directly to Mark F. Albino, who has retained the position of chief operating officer of the Company, (b) Edwin B. Moran has been appointed as Executive Vice President of Sales, including all industrial and commercial products, reporting to Mr. Rivest, (c) Matthew F. Unger has been appointed as Vice...

Denver, CO, Jan. 19, 2022 (GLOBE NEWSWIRE) — Intrepid Potash, Inc. (NYSE:IPI) (“Intrepid” or “IPI”) announced today that one of its indirect subsidiaries, Intrepid Acquisition Corporation I (“IACI”), a newly formed special purpose acquisition company, filed a registration statement on Form S-1 with the Securities and Exchange Commission (“SEC”) in connection with a proposed initial public offering of its units. Intrepid and Three Two Seven Family Management, LLC d/b/a CW Interests (“CW Interests”), a private investment management company owned by Rad Weaver, are co-owners of the sponsor entity. Intrepid and CW Interests have 75% and 25% ownership stakes in the sponsor entity, respectively. IACI intends to raise $200 million in the proposed offering through the sale of units consisting of IACI’s Class A common stock and warrants...

DALLAS, Jan. 19, 2022 (GLOBE NEWSWIRE) — Builders FirstSource, Inc. (NYSE: BLDR) (“Builders FirstSource” or the “Company”) today announced that it has priced an offering of $300 million aggregate principal amount of its 4.250% Senior Notes due 2032 (the “Notes”). The Notes will form part of the same series as the $1 billion aggregate principal amount of 4.250% Senior Notes due 2032 issued on July 23, 2021. The price to investors will be 100.500% of the principal amount of the Notes. The Company intends to use the net proceeds from the offering to repay a portion of the indebtedness outstanding under its senior secured ABL facility and to pay related transaction fees and expenses. Consummation of the offering of the Notes is subject to market and other conditions, and there can be no assurance that the Company...

ROSEMONT, Ill., Jan. 19, 2022 (GLOBE NEWSWIRE) — Wintrust Financial Corporation (“Wintrust”, “the Company”, “we” or “our”) (Nasdaq: WTFC) announced net income of $98.8 million or $1.58 per diluted common share for the fourth quarter of 2021, a decrease in diluted earnings per common share of 11% compared to the third quarter of 2021. The Company recorded record annual net income of $466.2 million or $7.58 per diluted common share for the year ended December 31, 2021 compared to net income of $293.0 million or $4.68 per diluted common share for the same period of 2020. Highlights of the Fourth Quarter of 2021:Comparative information to the third quarter of 2021Total assets increased by $2.3 billion totaling $50.1 billion as of December 31, 2021. Total loans, excluding Paycheck Protection Program (“PPP”) loans, increased by $2.0...

VANCOUVER, British Columbia, Jan. 19, 2022 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Imperial”) (TSX:III) reports that an agreement has been reached with the Province of British Columbia (“Province”) for the surrender of Imperial’s Giant Copper mineral claims located 37km east of Hope, BC, Canada. Imperial has held Giant Copper since April 1988. The claim area hosts two mineral deposits containing copper, silver and gold and a recently discovered gold showing. The claim area predates the creation of Manning Park and the Skagit Valley Provincial Park which now surround the claim area. In 1995, following a public review process, the Province designated almost 30,000 hectares as the Skagit Valley Provincial Park, while allowing mineral exploration in the 2,500 hectare claim area. Imperial at the time surrendered some of...

PONTE VEDRA, Fla., Jan. 19, 2022 (GLOBE NEWSWIRE) — Treace Medical Concepts, Inc. (“Treace” or the “Company”) (Nasdaq: TMCI), a commercial-stage orthopaedic medical device company driving a paradigm shift in the surgical treatment of hallux valgus (commonly known as bunions) through its Lapiplasty® 3D Bunion Correction™ procedure, announced that the United States Patent and Trademark Office granted to the Company U.S. Patent No. 11,213,333, titled “Bone Positioning and Preparing Guide Systems and Methods.”   The patent, granted earlier this month, augments Treace’s extensive and growing patent portfolio covering instrumented bunion correction. The patent generally relates to a technique for correcting a bunion deformity using both a bone preparation guide and a bone positioning guide to perform different steps of the technique. “We...