Day: April 26, 2022

Franklin Electric Reports Record First Quarter 2022 Results

Written by Customer Service on April 26, 2022. Posted in Earnings Releases And Operating Results.

First Quarter 2022 HighlightsRecord sales of $451.5 million, compared to first quarter 2021 sales of $333.0 million, an increase of 36% Strong organic sales growth in all three Segments; Fueling Systems 29%, Water Systems 27%, and Distribution 26% Operating income was a record at $39.9 million, compared to first quarter operating income in 2021 of $33.8 million, an increase of 18% GAAP fully diluted earnings per share (EPS) was $0.63, a new record for any first quarterFORT WAYNE, Ind., April 26, 2022 (GLOBE NEWSWIRE) — Franklin Electric Co. Inc. today announced first quarter financial results for fiscal year 2022. First quarter 2022 sales were $451.5 million, compared to first quarter 2021 sales of $333.0 million. First quarter 2022 operating income was $39.9 million, compared to first quarter operating income in 2021 of...

Motorized Quadricycle Market Size [2022-2029] Worth USD 2.15 Billion | Burgeoning Demand for Lightweight Vehicles Fuels Growth

Written by Customer Service on April 26, 2022. Posted in Mergers And Acquisitions.

According to latest report published by Fortune Business Insights, the global motorized quadricycle market was valued USD 0.90 billion in 2021, and projected to reach USD 2.15 billion by 2029, growing at CAGR of 11.9% during forecast period of 2022 to 2029.Motorized Quadricycle Market Size Forecast Global Motorized Quadricycle Market SizePune, India, April 26, 2022 (GLOBE NEWSWIRE) — The global motorized quadricycle market size was valued at USD 0.90 billion in 2021. The market is expected to rise from USD 0.97 billion in 2022 to USD 2.15 billion by 2029 at an 11.9% CAGR during the forecast period. Fortune Business Insights™ has delved into these insights in its latest research report, titled, “Motorized Quadricycle Market, 2022-2029.” According to the analysis, industry participants are poised to exhibit traction for fuel-efficient...

Verano to Release U.S. GAAP Fourth Quarter and Full Year 2021 Financial Results on April 27th and First Quarter 2022 Results on May 25th

Written by Customer Service on April 26, 2022. Posted in Public Companies.

Company Also Announces Submission of MCTO Application CHICAGO, April 26, 2022 (GLOBE NEWSWIRE) — Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced it will release U.S. GAAP financial results for the fourth quarter and full year ended December 31, 2021, before the market opens on Wednesday, April 27, 2022, and also announced it will release first quarter results for the quarter ended on March 31, 2022, before the market opens on May 25, 2022. Additionally, the Company is submitting an application to the Alberta Securities Commission (the “ASC”), the Company’s principal securities regulator in Canada, requesting that a management cease trade order (“MCTO”) be granted in respect of the expected late filing of the Company’s 2021 audited annual financials...

Auburn National Bancorporation, Inc. Reports First Quarter Net Earnings

Written by Customer Service on April 26, 2022. Posted in Earnings Releases And Operating Results.

First Quarter 2022 Results:Earnings per share increased 5% compared to Q1 2021Dividends per share increased 2% from Q1 2021Net interest income (tax-equivalent) increased 2% from Q1 2021Mortgage lending income decreased 54% as refinance activity slowedNegative provision for loan losses of $250 thousand, compared to none in Q1 2021Total loans decreased $29.9 million or 7% during Q1 2022Nonperforming assets were 0.07% of total assets at March 31, 2022AUBURN, Ala., April 26, 2022 (GLOBE NEWSWIRE) — Auburn National Bancorporation, Inc. (Nasdaq: AUBN) reported net earnings of $2.1 million, or $0.59 per share, for the first quarter of 2022, compared to $2.0 million, or $0.56 per share, for the first quarter of 2021. “The past two years have been extremely challenging, but we have continued our primary mission of serving...

Hubbell Reports First Quarter 2022 Results

Written by Customer Service on April 26, 2022. Posted in Earnings Releases And Operating Results.

Shelton, CT, April 26, 2022 (GLOBE NEWSWIRE) — HUBBELL REPORTS FIRST QUARTER 2022 EARNINGS PER DILUTED SHARE OF $1.88 ANDADJUSTED EARNINGS PER SHARE OF $2.12Q1 net sales +21% (organic +21%) Q1 diluted EPS of $1.88; adjusted diluted EPS of $2.12 Raise FY22 diluted EPS to $8.00-$8.40; adjusted diluted EPS of $9.00-$9.40Hubbell Incorporated (NYSE: HUBB) today reported operating results for the first quarter ended March 31, 2022. As a result of the previously announced closing of the divestiture of Commercial & Industrial Lighting, the Company is reporting the results of that business as discontinued operations in the current and all prior periods presented. “Hubbell is off to a strong start in 2022,” said Gerben Bakker, Chairman, President and Chief Executive Officer. “First quarter organic net sales growth...

NeuroMetrix Reports Q1 2022 Financial Results

Written by Customer Service on April 26, 2022. Posted in Earnings Releases And Operating Results.

WOBURN, Mass., April 26, 2022 (GLOBE NEWSWIRE) — NeuroMetrix, Inc. (Nasdaq: NURO) today reported financial and business highlights for the quarter ended March 31, 2022. The Company’s mission is to reduce the impact of neurological disorders and pain syndromes on individuals and on population health through innovative non-invasive medical devices. Highlights:Q1 2022 revenue of $2.3 million increased by 6.8% from $2.2 million in the prior year. DPNCheck® sales into Medicare Advantage were the primary contributor to revenue and posted 15.6% year-on-year growth. The gross margin rate was 77.9% in Q1 2022 versus 73.3% in Q1 2021. Operating expenses were $2.8 million versus $1.6 million in Q1 2021. Sales & marketing and general & administrative spending increased to support the Company’s growth initiatives. Also,...

First National Corporation Reports First Quarter 2022 Financial Results

Written by Customer Service on April 26, 2022. Posted in Earnings Releases And Operating Results.

STRASBURG, Va., April 26, 2022 (GLOBE NEWSWIRE) — First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), reported unaudited consolidated net income of $3.7 million, or $0.60 per basic and diluted share, for the first quarter of 2022. This compares to net income of $2.4 million, or $0.50 per basic and diluted share, for the first quarter of 2021, which included merger expenses of $405 thousand, or $320 thousand, net of tax. Merger expenses had a $0.07 per share impact to basic and diluted earnings per share in the first quarter of 2021. FIRST QUARTER HIGHLIGHTS Key highlights of the first quarter of 2022 are as follows. Comparisons are to the corresponding period in the prior year unless otherwise stated:Return on average assets increased to 1.06%, up...

First Commonwealth Announces First Quarter 2022 Earnings; Increases Quarterly Dividend

Written by Customer Service on April 26, 2022. Posted in Earnings Releases And Operating Results.

INDIANA, Pa., April 26, 2022 (GLOBE NEWSWIRE) — First Commonwealth Financial Corporation (NYSE: FCF) today announced financial results for the first quarter of 2022. Financial Summary(dollars in thousands, For the Three Months Endedexcept per share data) March 31, December 31, March 31, 2022 2021 2021 Reported Results Net income $ 27,726 $ 34,776 $ 39,770 Diluted earnings per share $ 0.29 $ 0.37 $ 0.41 Return on average assets 1.18 % 1.45 % 1.77 %Return on average equity 10.15 % 12.36 % 14.98 % Operating Results (non-GAAP)(1) Core net income $ 27,814 $ 34,753 $ 39,855 Core diluted earnings per share $ 0.29 $ 0.37 $ 0.41 Core pre-tax pre-provision net revenue $ 36,537 $ 40,868 $ 45,046 Provision...

Form 8.3 – [RWS Holdings PLC – 25 04 2022] – CGWL

Written by Customer Service on April 26, 2022. Posted in Mergers And Acquisitions.

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION(a) Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. N/A(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree RWS HOLDINGS PLC(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A(e) Date position held/dealing...

Form 8.3 – [Ideagen PLC – 25 04 2022] CGWL

Written by Customer Service on April 26, 2022. Posted in Mergers And Acquisitions.

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION(a) Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. N/A(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree IDEAGEN PLC(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: IDEAGEN PLC AS AN ASSOCIATE OF THE...

Day: April 26, 2022

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