SLR Investment Corp. Announces Quarter Ended March 31, 2022 Financial Results

Written by Customer Service on May 3, 2022. Posted in Earnings Releases And Operating Results.

Acquisition of SUNS Expected to Accelerate Portfolio and NII Growth Declares Monthly Distribution of $0.136667 Per Share for May 2022 Announces $50 Million Share Repurchase Program NEW YORK, May 03, 2022 (GLOBE NEWSWIRE) — SLR Investment Corp. (NASDAQ: SLRC) (the “Company” or “SLRC”), today reported net investment income of $13.5 million, or $0.32 per share, for the first quarter of 2022. Excluding one-time expenses relating to the merger with SLR Senior Investment Corp. (“SUNS”), net investment income per average share would have been $0.35 for the quarter ended March 31, 2022. Please see reconciliation table in the discussion of our results of operations for the quarter. At March 31, 2022, net asset value (NAV) was $19.56 per share. Beginning in April 2022, after the closing of the merger with SUNS, SLRC adjusted the timing of...

Monroe Capital Corporation BDC Announces First Quarter 2022 Results

Written by Customer Service on May 3, 2022. Posted in Earnings Releases And Operating Results.

CHICAGO, May 03, 2022 (GLOBE NEWSWIRE) — Monroe Capital Corporation (Nasdaq: MRCC) (“Monroe”) today announced its financial results for the first quarter ended March 31, 2022. Except where the context suggests otherwise, the terms “Monroe,” “we,” “us,” “our,” and “Company” refer to Monroe Capital Corporation. First Quarter 2022 Financial Highlights Net Investment Income of $5.4 million, or $0.25 per share Adjusted Net Investment Income (a non-GAAP measure described below) of $5.4 million, or $0.25 per share Net increase in net assets resulting from operations of $0.8 million, or $0.04 per share Net Asset Value (“NAV”) of $244.9 million, or $11.30 per share Paid quarterly dividend of $0.25 per share on March 31, 2022 Chief Executive Officer Theodore L. Koenig commented, “We are pleased to report that Adjusted Net Investment Income...

W&T Offshore Announces First Quarter 2022 Results

Written by Customer Service on May 3, 2022. Posted in Earnings Releases And Operating Results.

HOUSTON, May 03, 2022 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the first quarter 2022. This press release includes non-GAAP financial measures, including Adjusted Net Income, Adjusted EBITDA, Free Cash Flow, and Net Debt, which are described and reconciled to the most comparable GAAP measures below in the accompanying tables under “Non-GAAP Information.” Key highlights for the first quarter 2022 and through the date of this press release included: Increased average daily production by 2% to 37.8 thousand barrels of oil equivalent per day (“MBoe/d”) (49% liquids), or 3.4 million barrels of oil equivalent (“MMBoe”), in the first quarter of 2022 compared to the prior quarter and at the high end of guidance; Reported net loss of $2.5 million...

Artesian Resources Corporation Reports First Quarter 2022 Results

Written by Customer Service on May 3, 2022. Posted in Dividend Reports And Estimates.

NEWARK, Del., May 03, 2022 (GLOBE NEWSWIRE) — Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider of water and wastewater services, and a number of other related core business services, on the Delmarva Peninsula, today announced earnings results for the first quarter of 2022. Net income for the three months ended March 31, 2022 was $4.5 million, a $0.3 million, or 6.6% increase, compared to net income recorded during the first quarter of 2021. Diluted net income per share increased 4.4% to $0.47 for the three months ended March 31, 2022 compared to $0.45 for the first quarter of 2021. Dividend Increase Artesian announced on April 13, 2022 that its Board of Directors approved a 2.0% increase in the company’s Class A and Class B Common Stock dividend, raising the annual dividend to $1.0916 per share. The quarterly...

Innospec Reports First Quarter 2022 Financial Results

Written by Customer Service on May 3, 2022. Posted in Dividend Reports And Estimates.

Strong contributions from all businesses with revenues up 39 percent and operating income up 57 percent Gross margin in the expected range despite high inflationary and sustained supply chain pressures Dividend increased by 11 percent; Share repurchases commenced GAAP EPS of $1.46 and adjusted non-GAAP EPS of $1.53 ENGLEWOOD, Colo., May 03, 2022 (GLOBE NEWSWIRE) — Innospec Inc. (NASDAQ: IOSP) today announced its financial results for the first quarter ended March 31, 2022. The Company also announced the declaration of its semi-annual dividend of 63 cents per common share for the first half of 2022, representing an increase of 11 percent. This dividend will be paid on May 26, 2022, to shareholders of record on May 17, 2022. Total revenues for the first quarter were $472.4 million, an increase of 39 percent from $339.6 million in...

Enact Reports First Quarter 2022 Results

Written by Customer Service on May 3, 2022. Posted in Dividend Reports And Estimates.

First quarter GAAP Net Income of $165 million, or $1.01 per diluted share First quarter Adjusted Net Operating Income of $165 million, or $1.01 per diluted share First quarter return on equity of 16.2% and adjusted operating return on equity of 16.2% Record Insurance-in-Force of $232 billion, a 10% increase from first quarter 2021 PMIERs Sufficiency of 176% or $2,261 million Book value per share of $24.86 RALEIGH, N.C., May 03, 2022 (GLOBE NEWSWIRE) — Enact Holdings, Inc. (Nasdaq: ACT) today announced financial results for the first quarter of 2022. “We had an excellent first quarter and a very strong start to our first full year as a public company,” said Rohit Gupta, President and CEO of Enact. “Through execution of our growth and risk management strategy and benefits of our differentiated competitive position, we delivered...

AppHarvest announces Q1 2022 results with highest quarterly net sales to date, remains on track to open three new high-tech indoor farms by end of 2022

Written by Customer Service on May 3, 2022. Posted in Earnings Releases And Operating Results.

Company achieves net sales of $5.2 million, reiterates full year net sales outlook of $24.0 to $32.0 million Company delivered ~125% increase in net sales for Q1 ‘22 vs. Q1 ‘21 Farm network expansion to quadruple high-tech facilities this year diversifying produce portfolio MOREHEAD, Ky., May 03, 2022 (GLOBE NEWSWIRE) — AppHarvest, Inc. (NASDAQ: APPH, APPHW), a leading AgTech company, public benefit corporation and Certified B Corp building some of the world’s largest high-tech indoor farms to grow affordable, nutritious fruits and vegetables at scale while providing good jobs in Appalachia, today announced its operating and financial results for the quarter ending March 31, 2022, achieving its highest net sales quarter to date. “The AppHarvest team delivered on the top priorities for the quarter of ramping up production of the...

BlueLinx Announces Record First Quarter 2022 Profitability

Written by Customer Service on May 3, 2022. Posted in Earnings Releases And Operating Results.

MARIETTA, Ga., May 03, 2022 (GLOBE NEWSWIRE) — BlueLinx Holdings Inc. (NYSE: BXC) (“the company”), a leading U.S. wholesale distributor of building products, announced today results for the first quarter 2022. FIRST QUARTER 2022 HIGHLIGHTS(all comparisons are versus the prior year period) Net sales increased $277 million, or 27%, to $1.3 billion Gross margin of 22.3%, up 470 basis points Diluted earnings per share of $13.19, an increase of 110% Adjusted EBITDA of $202 million, up $96 million, or 90% Net Leverage of 0.9x and available liquidity of $421 million Increased share repurchase authorization to $100 million, including $60 million accelerated share repurchase “I’m extremely proud of the BlueLinx team and our continued strong execution which contributed to record first quarter profitability. Once again, we demonstrated...

U.S. Energy Corp. Announces Bolt-on Acquisition of Assets

Written by Customer Service on May 3, 2022. Posted in Mergers And Acquisitions.

HOUSTON, May 03, 2022 (GLOBE NEWSWIRE) — U.S. Energy Corp. (NASDAQCM: USEG) (“U.S. Energy” or the “Company”) today announced that the Company has acquired operated oil and gas producing properties in an all-cash transaction (the “Transaction”). The Properties (the “Properties”) are located primarily in Liberty County, TX adjacent to the Company’s existing assets in the area. Acquisition Highlights Proved Developed Producing (“PDP”) PV-10 estimated at $2.3 million. PDP reserves estimated at approximately 88,510 barrels of oil. Includes the Panther City Pipeline and associated infrastructure. Approximately 1,022 net acres which are 100% held by production. Transaction effective date of April 1, 2022. Purchase price of $1.0 million in cash. “We are pleased to announce our most recent acquisition, which furthers U.S. Energy’s stated...

COMPX REPORTS FIRST QUARTER 2022 RESULTS

Written by Customer Service on May 3, 2022. Posted in Earnings Releases And Operating Results.

Dallas, Texas, May 03, 2022 (GLOBE NEWSWIRE) — CompX International Inc. (NYSE American: CIX) announced today sales of $42.1 million for the first quarter of 2022 compared to $35.9 million in the same period of 2021. Operating income was $6.3 million in the first quarter of 2022 compared to $5.8 million in the first quarter of 2021. Net income was $5.0 million, or $.40 per basic and diluted common share, for the first quarter of 2022 compared to $4.7 million, or $.38 per basic and diluted common share, in the same period of 2021. Net sales increased for the quarter primarily due to higher Security Products sales across a variety of markets and to a lesser extent higher Marine Components sales primarily to the towboat market. Operating income increased during the first quarter of 2022 due to the higher sales offset by increased...

Day: May 3, 2022

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