Day: February 3, 2022
TORONTO, Feb. 03, 2022 (GLOBE NEWSWIRE) — iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (TSX-V: ISD) (OTC: ISDSF), a leading provider of interactive mobile proximity marketing and public security alert solutions is pleased to announce that it has signed a Forbearance Agreement (“Agreement”) with several creditors that will improve the Company’s Statement of Financial Position, allowing the Company to continue with the update and delivery of its core solutions and is in negotiations to incorporate certain technologies to deal with airport tracing, in-home healthcare monitoring, personal and public virus detection, and mobile verification technologies.
The Company successfully and amicably completed the signing of the Agreement with Joe Kozar and related creditors to provide clarity and repayment certainty on a sizable portion...
BellRing Brands Reports Results for the First Quarter of Fiscal Year 2022
Written by Customer Service on . Posted in Public Companies.
ST. LOUIS, Feb. 03, 2022 (GLOBE NEWSWIRE) — BellRing Brands, Inc. (NYSE:BRBR) (“BellRing”), a holding company operating in the global convenient nutrition category, today reported results for the first fiscal quarter ended December 31, 2021.
Highlights:Net sales of $306.5 million
Operating profit of $50.6 million; net earnings available to Class A common stockholders of $8.2 million and Adjusted EBITDA of $59.8 million
Reaffirmed fiscal year 2022 net sales guidance of $1.36-$1.41 billion and Adjusted EBITDA (non-GAAP) guidance of $255-$265 millionFirst Quarter Operating Results
Net sales were $306.5 million, an increase of 8.5%, or $24.1 million, compared to the prior year period. Premier Protein net sales increased 4.5% and volumes declined 5.6%; Premier Protein ready-to-drink (“RTD”) shake net sales increased 4.5% and volumes...
Post Holdings Reports Results for the First Quarter of Fiscal Year 2022
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ST. LOUIS, Feb. 03, 2022 (GLOBE NEWSWIRE) — Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today reported results for the first fiscal quarter ended December 31, 2021.
Highlights:First quarter net sales of $1.6 billion
Operating profit of $128.7 million; net loss of $20.8 million and Adjusted EBITDA of $263.1 million
Reaffirmed fiscal year 2022 Adjusted EBITDA (non-GAAP) guidance of $1.16-$1.20 billionFirst Quarter Consolidated Operating Results
Net sales were $1,643.7 million, an increase of 12.7%, or $185.7 million, compared to $1,458.0 million in the prior year period, and included $97.8 million in net sales from acquisitions made in fiscal year 2021. More information on these acquisitions is discussed later in this release. Gross profit was $424.0 million, or 25.8% of net sales, a decrease...
Brink’s Fourth-Quarter and Full-Year 2021 Earnings Release and Conference Call Scheduled for February 23
Written by Customer Service on . Posted in Public Companies.
RICHMOND, Va., Feb. 03, 2022 (GLOBE NEWSWIRE) — The Brink’s Company (NYSE:BCO), the global leader in total cash management, route-based secure logistics and payment solutions, will host a conference call on Wednesday, February 23, at 8:30 a.m. (ET) to review fourth-quarter and full-year 2021 financial results, which will be released earlier that day.
The conference call can be accessed by calling 888-349-0094 (in the U.S.) or 412-902-0124 (international). Participants should call in at least five minutes prior to the start of the call. Participants can pre-register at https://dpregister.com/sreg/10163626/f1413d8b2c to receive a direct dial-in number for the call. The call also will be accessible via live webcast at https://services.choruscall.com/mediaframe/webcast.html?webcastid=tGDjQLbp
A replay of the call will be available...
OceanFirst Financial Corp. Announces Acquisition of Trident Abstract Title Agency, LLC
Written by Customer Service on . Posted in Mergers And Acquisitions.
RED BANK, N.J., Feb. 03, 2022 (GLOBE NEWSWIRE) — OceanFirst Financial Corp. (NASDAQ:”OCFC”), (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), today, announced the Company has signed an agreement to acquire a majority interest in Trident Abstract Title Agency, LLC (“Trident”) with the right to acquire 100%. The transaction is expected to close on March 1, 2022. Upon closing, Trident will operate as an independent subsidiary of the Company.
Established in 1975, Trident is a family owned and operated business located in Wall Township, New Jersey. Current owners, Chris Carton and Derrick Scenna will continue to manage the daily operations. Trident writes title insurance through all of the nation’s leading underwriters and through strategic alliances can also service client’s title insurance needs outside...
Legends Launches New Growth Enterprises Division
Written by Customer Service on . Posted in Mergers And Acquisitions.
Focus on Leveraging Integrated 360-Degree Solution for High-Growth Sports and Entertainment Properties, Attractions, Events and Platforms — Acquisition of Maestroe Sports & Entertainment Fuels New DivisionLegends Growth Enterprises LogoLegends launched today Legends Growth Enterprises, a new business unit focused on leveraging the company’s intelligence-fueled 360-degree service solution to support sports and entertainment properties, attractions, events and platforms positioned for accelerated growth.Shervin Mirhashemi Headshot
Seacoast Banking Corporation of Florida Appoints Charles M. Shaffer as Chairman of the Board of Directors
Written by Customer Service on . Posted in Public Companies.
Completes Leadership Succession Plan
STUART, Fla., Feb. 03, 2022 (GLOBE NEWSWIRE) — Seacoast Banking Corporation of Florida (“Seacoast” or the “Company”) (NASDAQ: SBCF), one of the largest community banks in Florida, today announced that Charles (Chuck) M. Shaffer, Seacoast’s Chief Executive Officer (CEO), will assume the additional position of Chairman of Seacoast’s Board of Directors (the “Board”) and the Company’s principal operating subsidiary, Seacoast National Bank (the “Bank”), effective February 3, 2022. Dennis S. Hudson III, current Executive Chairman of the Board and former Chairman of the Board and CEO, will continue to serve as a member of the Board of the Company and the Bank, and Christopher E. Fogal will continue to serve as the Board’s Lead...
Silk Road Medical to Report Fourth Quarter and Full Year 2021 Financial Results on February 24, 2022
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SUNNYVALE, Calif., Feb. 03, 2022 (GLOBE NEWSWIRE) — Silk Road Medical, Inc. (Nasdaq: SILK), a company focused on reducing the risk of stroke and its devastating impact, today announced it will report financial results for the fourth quarter and full year 2021 after market close on Thursday, February 24, 2022. Company management will host a corresponding conference call beginning at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time.
Investors interested in listening to the conference call may do so by dialing (844) 883-3861 for domestic callers or (574) 990-9820 for international callers, using conference ID: 2046067. A live and archived webcast of the event will be available at https://investors.silkroadmed.com/.
About Silk Road MedicalSilk Road Medical, Inc. (NASDAQ: SILK), is a medical device company located in Sunnyvale, California,...
LMP Automotive Holdings, Inc. Provides Update on Acquisitions
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Fort Lauderdale, FL, Feb. 03, 2022 (GLOBE NEWSWIRE) — LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (the “Company” or “LMP”), an e-commerce and facilities-based automotive retailer in the United States, today provided an update on its acquisitions.
Sam Tawfik, LMP’s Chief Executive Officer, stated, “LMP’s acquisition of 5 import dealerships previously announced on September 13, 2021 has been terminated in accordance with the terms of the acquisition agreement due to the expiration of the closing date deadline in the acquisition agreement. Beginning this month, we expect to close substantially all the remaining 7 acquisitions under contract in the first quarter of this year on a rolling basis, subject to customary closing conditions, financing and manufacturer approvals. We are excited about our perspective partnerships that have...
Southside Bancshares, Inc. Increases and Declares Cash Dividend
Written by Customer Service on . Posted in Dividend Reports And Estimates.
TYLER, Texas, Feb. 03, 2022 (GLOBE NEWSWIRE) — The Board of Directors of Southside Bancshares, Inc., (NASDAQ:SBSI), parent company of Southside Bank, approved a 3.0% increase to the regular quarterly cash dividend of $0.01, to $0.34 per common share and declared a regular quarterly cash dividend of $0.34 per common share. The cash dividend of $0.34 is scheduled for payment on March 3, 2022, to common stock shareholders of record on February 17, 2022.
“We are pleased to announce the quarterly dividend increase to $0.34 per share,” stated Lee R. Gibson, Chief Executive Officer of Southside Bancshares, Inc. “Given the positive economic conditions in our markets and our strong balance sheet, we are excited about the prospects for 2022.”
About Southside Bancshares, Inc.
Southside Bancshares, Inc. is a bank holding company headquartered...