Day: April 26, 2022

SARASOTA, Fla., April 26, 2022 (GLOBE NEWSWIRE) — Roper Technologies, Inc. (NYSE: ROP) reported financial results for the first quarter ended March 31, 2022. Unless otherwise noted, the results and guidance in this press release are presented on a continuing operations basis. First quarter GAAP and adjusted revenue increased 11% to $1.53 billion, with organic revenue also increasing 11%. GAAP diluted earnings per share (“DEPS”) was $2.70, a 6% increase, and adjusted DEPS was $3.77, a 10% increase. Adjusted EBITDA increased 8% to $577 million and adjusted EBITDA margin was 37.8%. Operating cash flow was $474 million and free cash flow was $459 million. “We are very pleased with the great start to 2022,” said Neil Hunn, Roper Technologies’ President and CEO. “Organic revenue grew 11% in the quarter with broad-based...

First quarter net income of $25.0 million; Linked quarter loan growth, net of Paycheck Protection Program (“PPP”) loans, of 4.8%; Annualized return on first quarter average assets of 1.40%; Annualized return on first quarter average tangible common equity of 15.20%(1); and Nonperforming assets remain low at 0.16% of total assets.TYLER, Texas, April 26, 2022 (GLOBE NEWSWIRE) — Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended March 31, 2022. Southside reported net income of $25.0 million for the three months ended March 31, 2022, a decrease of $9.1 million, or 26.7%, compared to $34.1 million for the same period in 2021. Earnings per diluted common share were $0.77 for the three months ended March 31, 2022, compared to $1.04 for the same period...

Net Income of $1.70 Million in the March 2022 Quarter Loans Held for Investment Increase 5% from June 30, 2021 to $893.6 Million Total Deposits Increase 3% from June 30, 2021 to $963.5 Million Improved Asset Quality with a $645,000 Recovery from the Allowance for Loan Losses Non-Interest Expenses Remain Well-Controlled RIVERSIDE, Calif., April 26, 2022 (GLOBE NEWSWIRE) — Provident Financial Holdings, Inc. (“Company”), NASDAQ GS: PROV, the holding company for Provident Savings Bank, F.S.B. (“Bank”), today announced third quarter earnings for the fiscal year ending June 30, 2022. For the quarter ended March 31, 2022, the Company reported net income of $1.70 million, or $0.23 per diluted share (on 7.41 million average diluted shares outstanding), up nine percent from net income of $1.56 million, or $0.21 per diluted share (on 7.58...

Consolidated Revenues of $24.4B, Up 6.4% from Last Year Consolidated Operating Profit of $3.3B, Up 17.6% from Last Year; Up 12.1% on an Adjusted* Basis Diluted EPS of $3.03; Adjusted Diluted EPS Up 10.1% Over Last Year to $3.05 Reaffirms Full-Year 2022 Financial Guidance; Raises Targeted Share Repurchases to $2B for 2022ATLANTA, April 26, 2022 (GLOBE NEWSWIRE) —  UPS (NYSE:UPS) today announced first-quarter 2022 consolidated revenue of $24.4 billion, a 6.4% increase over the first quarter of 2021. Consolidated operating profit was $3.3 billion, up 17.6% compared to the first quarter of 2021, and up 12.1% on an adjusted basis. Diluted earnings per share were $3.03 for the quarter; adjusted diluted earnings per share of $3.05 were 10.1% above the same period in 2021. For the first quarter of 2022, GAAP results include a net charge...

Outperformed first quarter revenue guidance driven by market-leading growth in U.S. Markets and International; delivered 32 percent total revenue growth and 13 percent organic constant currency revenue growth, excluding U.S. mortgage impact. Integrating Neustar and Sontiq successfully, posting strong organic growth, growing sales pipeline, cost reduction plans on track, and receiving positive customer feedback on long-term investment thesis. Completed the acquisition of Verisk Financial Services on April 8, 2022, and intend to retain the leading core businesses of Argus and Commerce Signals and divest the other businesses. Raising 2022 revenue guidance. We now expect 10% to 12% organic revenue growth, excluding U.S. mortgage impact, more than offsetting negative impact of the subsiding mortgage market.CHICAGO, April 26, 2022 (GLOBE...

Key First-Quarter HighlightsNet sales up 12% versus the prior-year quarter Operating income up 17% and diluted earnings per share from continuing operations up 21% versus the prior-year quarter Adjusted EBITDA up 3% and adjusted diluted earnings per share up 7% versus the prior-year quarter Maintaining 2022 Guidance: Net Sales of +10% to 13%, adjusted EBITDA of +10% to 16% and adjusted Free Cash Flow of +13% to 24% versus the prior yearLANCASTER, Pa., April 26, 2022 (GLOBE NEWSWIRE) — Armstrong World Industries, Inc. (NYSE:AWI), a leader in the design, innovation and manufacture of ceiling and wall solutions in the Americas, today reported first-quarter 2022 financial results. The company drove net sales growth of 12% and operating income growth of 17%, primarily due to price over inflation gains and strong growth in the Architectural...