Month: February 2022

Lerøy Seafood Group ASA: All-time high revenue in 2021

Written by Customer Service on February 17, 2022. Posted in Earnings Releases And Operating Results.

LSG experienced record-high activity in Q4 2021. The Group reported revenue of NOK 6,519 million in the quarter, up 26% on Q4 2020. Operating profit before fair value adjustment more than doubled to NOK 902 million in Q4 2021 from NOK 441 million in Q4 2020. Strong demand for seafood, better prices realised for the Group’s main products and an improvement in underlying operations were important factors driving the significant earnings improvement in all segments compared with the same period in 2020. “The demand for seafood is strong, giving grounds for optimism about the future. There is a positive development in activity level and prices realised. Compared with Q4 2020, earnings have increased in all segments,” says CEO Henning Beltestad. “We are reporting an all-time high revenue of NOK 23 billion for full-year 2021. Our vertically...

Oil States Announces Fourth Quarter 2021 Results of Operations

Written by Customer Service on February 17, 2022. Posted in Earnings Releases And Operating Results.

HOUSTON, Feb. 16, 2022 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE: OIS) reported a net loss of $19.9 million, or $0.33 per share, for the fourth quarter of 2021. The reported results included: non-cash impairment charges of $2.2 million ($1.7 million after tax, or $0.03 per share) related to write-downs of inventories and fixed assets; severance and restructuring charges of $0.8 million ($0.6 million after-tax, or $0.01 per share); and a non-cash foreign currency translation loss of $9.3 million ($9.3 million after-tax, or $0.15 per share) reclassified from other comprehensive income upon exit of the Company’s Argentinian operation. After excluding these charges, the Company’s adjusted net loss was $8.2 million, or $0.14 per share. During the fourth quarter of 2021, the Company generated revenues of $161.3 million...

ThreeD Capital Inc. Acquires Securities of Carl Data Solutions Inc.

Written by Customer Service on February 17, 2022. Posted in Mergers And Acquisitions.

TORONTO, Feb. 16, 2022 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD”) (CSE:IDK / OTCQX:IDKFF) a Canadian based venture capital firm a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that through a series of transactions on February 11, 2022 (“Acquisitions”), ThreeD acquired ownership and control of an aggregate of 266,500 common shares (the “Subject Shares”) of Carl Data Solutions Inc. (the “Company” or “Carl”). The Subject Shares represented approximately 0.2% of all issued and outstanding common shares of the Company. As a result of the Acquisitions, the percentage ownership held by ThreeD increased above 10.0% on a partially diluted basis, assuming exercise of outstanding warrants held. Immediately prior to the Acquisitions,...

Better World Acquisition Corp. Announces Extension of Deadline to Complete Business Combination

Written by Customer Service on February 17, 2022. Posted in Mergers And Acquisitions.

New York, NY, Feb. 16, 2022 (GLOBE NEWSWIRE) — Better World Acquisition Corp. (NASDAQ: BWAC) (the “Company”) announced today that its sponsor, BWA Holdings LLC (the “Sponsor”), has requested that the Company extend the date by which the Company has to consummate a business combination from February 17, 2022 to May 17, 2022 (the “Extension”). The Extension is the second of two three-month extensions permitted under the Company’s governing documents. In connection with the Extension, the Sponsor has notified the Company that it intends to deposit an aggregate of $1,261,860 (representing $0.10 per public share) into the Company’s trust account on or before February 17, 2022. The Extension provides the Company with additional time to complete its initial business combination. About Better World Acquisition Corp. The Company is a blank...

America’s Car-Mart Reports Diluted Earnings per Share of $2.77 on Record Revenues of $292 Million

Written by Customer Service on February 16, 2022. Posted in Earnings Releases And Operating Results.

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...

Federal Home Loan Bank of San Francisco Announces Annual and Fourth Quarter 2021 Operating Results

Written by Customer Service on February 16, 2022. Posted in Earnings Releases And Operating Results.

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...

Star Bulk Carriers Corp. Reports Net Profit of $300.2 Million for the Fourth Quarter of 2021 and Declares Quarterly Dividend of $2.00 Per Share

Written by Customer Service on February 16, 2022. Posted in Earnings Releases And Operating Results.

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...

Tenaris Announces 2021 Fourth Quarter and Annual Results

Written by Customer Service on February 16, 2022. Posted in Earnings Releases And Operating Results.

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...

Rush Enterprises, Inc. Reports Fourth Quarter and Year-End 2021 Results, Announces $0.19 Per Share Dividend

Written by Customer Service on February 16, 2022. Posted in Dividend Reports And Estimates.

Annual revenues of $5.1 billion; record-high net income of $241.4 million Annual earnings per diluted share of $4.17 Achieved strong financial results despite supply constraints limiting production of new commercial vehicles Completed acquisition of The Summit Truck Group, the largest in Company history 4th quarter revenues of $1.3 billion; net income of $68.6 million Board declares cash dividend of $0.19 per share of Class A and Class B common stockSAN ANTONIO, Feb. 16, 2022 (GLOBE NEWSWIRE) — Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that for the year ended December 31, 2021, the Company achieved revenues of $5.1 billion and record-high net income of $241.4 million, or $4.17 per diluted share, compared with revenues...

NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2022

Written by Customer Service on February 16, 2022. Posted in Earnings Releases And Operating Results.

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...

Month: February 2022

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