COMSTOCK RESOURCES, INC. REPORTS FIRST QUARTER 2022 FINANCIAL AND OPERATING RESULTS

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

FRISCO, TX, May 03, 2022 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) today reported financial and operating results for the quarter ended March 31, 2022. Highlights of 2022‘s First Quarter Generated free cash flow from operations of $68 million in the quarter. Paid down $85 million of debt in the quarter. Adjusted EBITDAX increased 27% to $333 million. Operating cash flow (excluding working capital changes) increased 44% to $297 million or $1.07 per diluted share. Revenues, after realized hedging losses, were $408 million, 23% higher than 2021’s first quarter. Adjusted net income to common stockholders was $136 million for the quarter or $0.51 per diluted share. Strong results from Haynesville drilling program with 15 (12.0 net) operated wells turned...

Ducommun Incorporated Reports Results for the First Quarter Ended April 2, 2022

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

Record Backlog*; Solid Start to 2022; Restructuring Initiative Announced SANTA ANA, Calif., May 03, 2022 (GLOBE NEWSWIRE) — Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today reported results for its first quarter ended April 2, 2022. First Quarter 2022 Recap Net Revenue was $163.5 million Net income of $8.1 million, or $0.66 per diluted share Adjusted net income of $8.3 million, or $0.67 per diluted share Adjusted EBITDA of $20.1 million, or 12.3% of revenue Record backlog of $943 million “It was a good quarter for the Company with commercial aerospace demand continuing its recovery, along with solid performance from Ducommun’s defense business resulting in top line growth year-over-year,” said Stephen G. Oswald, chairman, president and chief executive officer. “Revenue rose to $163.5 million, up 4%...

Profire Energy Reports Financial Results for First Quarter Fiscal Year 2022

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

Company Reports Fourth Consecutive Quarter of Sequential Revenue Growth, Achieved Positive Net Income, and EBITDA LINDON, Utah, May 03, 2022 (GLOBE NEWSWIRE) — Profire Energy, Inc. (NASDAQ: PFIE) a technology company (the “Company”) that provides solutions which enhance the efficiency, safety, and reliability of industrial combustion appliances, today reported financial results for its first quarter ending March 31, 2022. A conference call will be held on Wednesday, May 4, 2022, at 8:30 a.m. ET to discuss the results. First Quarter Summary Revenue of $9.5 million, an 87% increase from prior-year quarter Gross margin improved 630 basis points sequentially to 47.9% Net income of $627,161 or $0.01 per diluted share Generated EBITDA of $1.0 million1 Repurchased 509,631 shares of stock “Our first quarter results reflect...

AMD Reports First Quarter 2022 Financial Results

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

― Record quarterly revenue of $5.9 billion grew 71% year-over-year; Gross margin grew 2 percentage points and non-GAAP gross margin grew 7 percentage points year-over-year ― SANTA CLARA, Calif., May 03, 2022 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD) today announced revenue for the first quarter of 2022 of $5.9 billion, gross margin of 48%, operating income of $951 million, operating margin of 16%, net income of $786 million and diluted earnings per share of $0.56. On a non-GAAP(*) basis, gross margin was 53%, operating income was $1.8 billion, net income was $1.6 billion and diluted earnings per share was $1.13. First quarter 2022 results include partial quarter financial results from the recently completed acquisition of Xilinx which closed February 14, 2022. Excluding Xilinx, AMD had record quarterly revenue of $5.3 billion, non-GAAP...

Coca-Cola Consolidated Reports First Quarter 2022 Results

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

First quarter of 2022 net sales increased 11% versus the first quarter of 2021. Gross profit for the first quarter of 2022 was $508 million, up 13% versus the first quarter of 2021. Gross margin increased 80 basis points to 36.1%(a). Income from operations for the first quarter of 2022 was $131 million, up $37 million, or 39%, versus the first quarter of 2021. On an adjusted(b) basis, income from operations increased $24 million, or 25%. Key Results First Quarter (in millions) 2022 2021 Change Physical case volume 86.4 86.9 (0.6 )% Net sales $ 1,404.4 $ 1,269.9 10.6 % Gross profit $ 507.6 $ 448.7 13.1 % Gross margin 36.1 % 35.3 % Income from operations $ 131.0 $ 94.2 39.1 % Beverage Sales First Quarter (in millions) 2022 2021 Change Sparkling...

Denny’s Corporation Reports Results for First Quarter 2022

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

– Signs Definitive Agreement to Acquire Keke’s Breakfast Cafe – SPARTANBURG, S.C., May 03, 2022 (GLOBE NEWSWIRE) — Denny’s Corporation (NASDAQ: DENN), franchisor and operator of one of America’s largest franchised full-service restaurant chains, today reported results for its first quarter ended March 30, 2022 and announced that it has signed a definitive agreement to acquire Keke’s Breakfast Cafe. John Miller, Chief Executive Officer, stated, “I am encouraged by our domestic system-wide same-store sales** performance and our ability to generate Adjusted EBITDA* near the mid-point of our guided range, as we effectively navigated the impact of the Omicron spike in January and the impact of global events in March. As consumer sentiment began to improve in April, we were pleased to experience a...

Verisk Reports First-Quarter 2022 Financial Results

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

Consolidated revenues were $775.5 million, up 6.8%, and up 5.3% on an organic constant currency (OCC) basis for the first quarter of 2022. Net income attributable to Verisk was $505.7 million, up 199.9% for the first quarter of 2022. The increase was primarily related to $450.8 million gain from the sale of our environmental health and safety business (3E), partially offset by the $73.7 million long-lived asset impairment associated with the sale of our Financial Services segment. Adjusted EBITDA, a non-GAAP measure, was $359.3 million, up 4.0%, and up 4.1% on an OCC basis. Diluted GAAP earnings per share (diluted EPS) attributable to Verisk were $3.13 for the first quarter of 2022, up 203.9%. Diluted adjusted earnings per share (diluted adjusted EPS), a non-GAAP measure, were $1.34, up 8.9%. Consolidated and OCC Revenue and Adjusted...

Whitestone REIT Reports 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) — Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the first quarter of 2022. Whitestone creates neighborhood center communities in its high-quality open-air shopping centers that it acquires, owns, manages, develops, and redevelops primarily in the largest, fastest-growing, high-household-income markets in the Sunbelt. “We are excited to deliver strong first quarter operating and financial results, highlighted by Same Store NOI growth of 12.9%, significant reductions in our G&A expenses and continued balance sheet strengthening. Our necessity-based community centers, located in high-growth sunbelt markets, continue to drive strong consumer traffic and tenant demand, as evidenced by increases in rent per square foot...

Green Brick Partners, Inc. Reports Record First Quarter 2022 Results

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

Home Closings Revenue of $363.1 Million, Up 68.0% Record Income Before Income Taxes of $82.6 Million, Up 134.3%Home Building Gross Margin Up 240 Bps to 27.8%Lots Owned and Controlled Up 42.5% PLANO, Texas, May 03, 2022 (GLOBE NEWSWIRE) — Green Brick Partners, Inc. (Nasdaq: GRBK) (“we,” “Green Brick” or the “Company”) today reported record results for its first quarter ended March 31, 2022. “Thanks to a great team effort, we achieved an annualized Q1 2022 return on equity of 28.8%, with diluted EPS at $1.20 per share which was up 135% from Q1 2021. Even better, we expect home closings revenue and EPS to accelerate into Q2 2022,” said Jim Brickman, CEO and Co-Founder. Results for the Quarter Ended March 31, 2022: (Dollars in thousands, except per share data) Three Months Ended March 31, 2022 2021 Change New homes...

Kimball International, Inc. Reports Third Quarter 2022 Results

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

— 30% Sales Increase Drove Significant Profit Growth —— Order Rates Increased 30% —— Guiding to Fiscal Fourth Quarter Sales Growth of 25% at the Midpoint —— Guiding to Further Gross Margin Improvement Led by Volumes and Pricing —— Pathway to Robust FY23 Revenue and Profit Growth — JASPER, Ind., May 03, 2022 (GLOBE NEWSWIRE) — Kimball International, Inc. (NASDAQ: KBAL) today announced results for the third quarter ended March 31, 2022. Selected Financial Highlights: Third Quarter FY 2022 Net sales of $180.9 million, up 30% year-over-year Gross margin expanded 180 basis points to 30.5% Net income of $6.3 million; Adjusted net income of $7.6 million Diluted EPS of $0.17; Adjusted diluted EPS was $0.21 Adjusted EBITDA of $11.5 million Backlog of $178.5 million Management Commentary CEO Kristie Juster commented, “We were very pleased...

Day: May 3, 2022

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