Day: February 16, 2022

ROGERS, Ark., Feb. 16, 2022 (GLOBE NEWSWIRE) — America’s Car-Mart, Inc. (NASDAQ: CRMT) today announced its operating results for the third quarter of fiscal year 2022. “For the quarter, revenues were up almost 28% to a record $292 million, including an $11 million increase in interest income. Unit volumes were up slightly for the quarter, and the average sales price was up 24.8% to just over $17,000,” said Jeff Williams, President and CEO. “Unit sales volumes in November were up 20% compared to the prior year, up 7% in December, but down 21% in January. We believe this was primarily the result of the Omicron variant. While January had other challenges – weather as well as the timing of stimulus payments in the prior year period – we believe the Omicron variant was the primary cause of the decline in unit volume for January. The...

SAN FRANCISCO, Feb. 16, 2022 (GLOBE NEWSWIRE) — The Federal Home Loan Bank of San Francisco (Bank) today announced its 2021 operating results. Net income for 2021 was $287 million, compared with net income of $335 million for 2020. Net income for the fourth quarter of 2021 was $67 million, compared with net income of $94 million for the fourth quarter of 2020. Net income of $287 million in 2021 declined $48 million relative to 2020 net income, primarily reflecting a reduction of $109 million in other income/(loss) that was partially offset by an improvement in credit losses of $32 million and an increase in net interest income of $17 million. The $109 million reduction in other income/(loss) for 2021 was primarily a result of the Bank’s receipt of disgorgement proceeds in connection with a Securities and Exchange Commission...

ATHENS, Greece, Feb. 16, 2022 (GLOBE NEWSWIRE) — Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced its unaudited financial and operating results for the fourth quarter of 2021. Unless otherwise indicated or unless the context requires otherwise, all references in this press release to “we,” “us,” “our,” or similar references, mean Star Bulk Carriers Corp. and, where applicable, its consolidated subsidiaries. Financial Highlights(Expressed in thousands of U.S. dollars, except for daily rates and per share data)          Fourth quarter 2021 Fourth quarter 2020 Twelve months ended December 31, 2021 Twelve months ended December 31, 2020  Voyage Revenues $ 499,857 $ 186,023 $ 1,427,423 $ 693,241  Net...

The financial and operational information contained in this press release is based on audited consolidated financial statements presented in U.S. dollars and prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Net cash / debt and Free Cash Flow. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, Feb. 16, 2022 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) today announced its results for the fourth quarter and year ended December 31, 2021 with comparison to its results for the fourth quarter and year ended December 31, 2020. Summary of 2021 Fourth...

Record quarterly revenue of $7.64 billion, up 53 percent from a year earlier Record fiscal-year revenue of $26.91 billion, up 61 percent Record quarterly and fiscal-year revenue for Gaming, Data Center and Professional VisualizationSANTA CLARA, Calif., Feb. 16, 2022 (GLOBE NEWSWIRE) — NVIDIA (NASDAQ: NVDA) today reported record revenue for the fourth quarter ended January 30, 2022, of $7.64 billion, up 53 percent from a year ago and up 8 percent from the previous quarter. Gaming, Data Center and Professional Visualization market platforms each achieved record revenue for the quarter and year. GAAP earnings per diluted share for the quarter were a record $1.18, up 103 percent from a year ago and up 22 percent from the previous quarter. Non-GAAP earnings per diluted share were $1.32, up 69 percent from a year ago and up 13 percent...

Topline Expands 44 Percent Year on Year FREMONT, Calif., Feb. 16, 2022 (GLOBE NEWSWIRE) — AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, today reported financial results for the fourth quarter and fiscal year, ended December 31, 2021. Management Qualitative Comments “2021 was a pivotal year for our business,” said Morris Young, chief executive officer. “We achieved 44 percent revenue growth, driven by market expansion and strategic customer wins, and delivered a more than 350 percent increase in our profitability. We believe we are hitting an inflection point in which applications that were once considered early stage technologies are now moving to mainstream adoption. And as we look ahead, we expect our momentum to continue. With our current growth drivers, we believe we can deliver healthy...

    OMEGA FLEX, INC. (OFLX)    For the Period Ended December 31,    Twelve Months   Three Months                       2021     2020     2021     2020                 Net Sales   $ 130,011,000   $ 105,796,000   $ 35,457,000   $ 31,625,000                                  Net Income attributable to Omega Flex, Inc.   $ 26,195,000   $ 19,910,000   $ 7,596,000   $ 7,178,000                                  Earnings Per Share – Basic and Diluted   $ 2.60   $ 1.97   $ 0.75   $ 0.71                                  Weighted Average Shares – Basic and Diluted     10,094,322     10,094,322     10,094,322     10,094,322                           EXTON, Pa, Feb. 16, 2022 (GLOBE NEWSWIRE) — Kevin R. Hoben, Chairman and CEO, announced that the Company’s net sales for 2021 and 2020 were...

Financial and Investment HighlightsNet (loss) income attributable to common shareholders for the fourth quarter 2021 of $(12.0) million, or $(0.15) per diluted share, compared to $(7.4) million, or $(0.09) per diluted share for the same period in 2020. Net (loss) income available to common shareholders for the full year 2021 of $61.9 million, or $0.75 per diluted share, compared to $(16.9) million, or $(0.21) per diluted share for the full year 2020.The Company’s Board of Trustees declared a first quarter 2022 regular cash dividend of $0.13 per common share, an increase of 8% over the prior quarterly rate.Operating funds from operations (“FFO”) per diluted share of $0.25 and $0.95 in the fourth quarter 2021 and full year 2021, respectively, representing year-over-year growth of 38.9% in the fourth quarter and 21.8%...

VERO BEACH, Florida, Feb. 16, 2022 (GLOBE NEWSWIRE) — ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR PRC) (“ARMOUR” or the “Company”) today announced the Company’s December 31, 2021 financial position and Q4 results. ARMOUR’s December 31, 2021 Financial PositionStockholders’ equity totaled $1,143.6 million, including:Common stock outstanding of 94,153,188 shares, and 7.00% Cumulative Redeemable Preferred C Stock (“Series C Preferred Stock”) with liquidation preference totaling approximately $171 million.Book value per common share was $10.33 per share. Liquidity, including cash and unencumbered agency and U.S. government securities, was $848 million. Portfolio composition was 98% Agency mortgage-backed securities (“MBS”), including To Be Announced (“TBA”) Securities...