Day: May 4, 2022

SPOKANE, Wash., May 04, 2022 (GLOBE NEWSWIRE) — Avista Corp. (NYSE: AVA) today reported net income of $71.6 million, or $0.99 per diluted share for the first quarter of 2022, compared to $68.0 million, or $0.98 per diluted share for the first quarter of 2021. “We had a solid start to 2022, as Avista Utilities earnings were above our expectations. We are pleased with the results of the first quarter. Our performance was partially the result of the timing of certain expenses. For the remainder of 2022 we anticipate seeing higher interest costs and energy costs based upon the current economic environment. However, we are proactively managing these issues and are on track to meet our consolidated earnings targets for the full year,” said Avista President and CEO Dennis Vermillion. “Both AEL&P and our other businesses met...

BROOKFIELD, News, May 04, 2022 (GLOBE NEWSWIRE) — Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure, BIP, or the Partnership) (NYSE: BIP; TSX: BIP.UN) today announced its results for the first quarter ended March 31, 2022. “The prevailing market environment continues to favorably impact our business and drive record results,” said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure. “The combination of elevated inflation, GDP-related volume increases, and strong commodity prices contributed to organic growth of 10% during the quarter. We continue to advance a sizeable pipeline of active investment opportunities and maintain a strong liquidity position to fund our growth.”  For the three monthsended March 31US$ millions (except per unit amounts), unaudited1   2022     2021Net income attributable...

WATERLOO, Ontario, May 04, 2022 (GLOBE NEWSWIRE) — Descartes Systems Group (TSX: DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, is scheduled to report its first-quarter fiscal 2023 financial results after market close on Wednesday, June 1, 2022. Members of Descartes’ executive management team will host a conference call to discuss the company’s financial results at 5:30 p.m. ET on Wednesday, June 1. Designated numbers are +1 866 455 3403 for North America and +1 647 484 8332 for international, using Passcode 67788302# The company will simultaneously conduct an audio webcast on the Descartes website at www.descartes.com/descartes/investor-relations. Phone conference dial-in or webcast log-in is required approximately 10 minutes beforehand. Replays of the conference call will...

Appointed Gilmore O’Neill as CEO effective June 1, 2022; James C. Mullen to serve as Executive Chairman First pediatric patient dosed in Phase 1/2 BRILLIANCE trial of EDIT-101 for LCA10; clinical data update expected in 2H 2022 On track to dose first SCD patient in 1H 2022 and first TDT patient by year-end with EDIT-301; initial SCD data expected by year-end Preclinical data demonstrated that edited iNK cells increased persistence, enhanced anti-tumor activity, and extended survival, supporting continued development as a novel therapeutic approach for solid tumors Favorable USPTO patent interference decision issued to The Broad Institute affirming foundational CRISPR/Cas9 intellectual property CAMBRIDGE, Mass., May 04, 2022 (GLOBE NEWSWIRE) —  Editas Medicine, Inc. (Nasdaq: EDIT), a leading genome editing company, today reported...

Q1 2022 Financial HighlightsRevenue increases 9% year-over-year to $949 million, includes organic growth of 6% Strong revenue driven by Critical Infrastructure organic growth of 8% and Federal Solutions organic growth of 4% Net income increases 129% to $21 million Adjusted EBITDA increases 8% to $74 million Book-to-bill ratio of 1.0x in Q1 2022; trailing twelve-month ratio of 1.2xStrategic HighlightsReported highest first quarter adjusted EBITDA and operating cash flow since IPO Hiring and retention momentum continues Awarded three contracts each valued at or more than $100 million Notable ESG recognition, including named as one of the world’s most ethical companies for the 13th consecutive year Reiterates fiscal year 2022 guidanceCENTREVILLE, Va., May 04, 2022 (GLOBE NEWSWIRE) — Parsons Corporation (NYSE: PSN) today announced...

First Quarter 2022 ResultsAll amounts expressed in US dollars TORONTO, May 04, 2022 (GLOBE NEWSWIRE) — Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced a $0.20 per share quarterly dividend, the first to include a $0.10 per share performance component in line with its new dividend policy. President and chief executive Mark Bristow said the Company’s net cash balance at the end of Q1 stood at $743 million, reflecting cash flow from the operations, the continuing sale of non-core assets, and its share of a further $0.6 billion in cash distributions by Kibali. Since agreement on the repatriation of revenue from Kibali was reached with the Democratic Republic of Congo (DRC) last year, Kibali has delivered $1.2 billion (on a 100% basis) in the form of dividends and debt repayments, inclusive of distributions received subsequent...

Mount Milligan Q1 cash provided by mine operations ($ millions) Mount Milligan Q1 cash provided by mine operations ($ millions)Mount Milligan Q1 All-in sustaining costs on a by-product basis per ounce(NG) ($/oz) Mount Milligan Q1 All-in sustaining costs on a by-product basis per ounce(NG) ($/oz)Öksüt Mine Q1 cash provided by mine operations ($ millions) Öksüt Mine Q1 cash provided by mine operations ($ millions)Öksüt Mine Q1 All-in sustaining costs on a by-product basis per ounce(NG) ($/oz) Öksüt Mine Q1 All-in sustaining costs on a by-product basis per ounce(NG) ($/oz)Moly Oxide Pricing $USD/lb (Jan 2020 – Mar 2022) Moly Oxide Pricing $USD/lb (Jan 2020 – Mar 2022)Net Earnings of $89.4 million ($0.30 per common share) and Adjusted Net EarningsNG of $56.4 million ($0.19 per common share) All figures are in...

ST. JOHN’S, Newfoundland and Labrador, May 04, 2022 (GLOBE NEWSWIRE) — Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its first quarter results1 and announced a 2050 net-zero target. HighlightsFirst quarter net earnings of $350 million, or $0.74 per common share Adjusted net earnings2 of $0.78 per common share, up from $0.77 in the first quarter of 2021 Capital expenditures2 of $1.0 billion in the first quarter; $4.0 billion annual capital plan on track 2050 net-zero direct GHG emissions target announced, building on Fortis’ commitment to a clean energy future First TCFD and Climate Assessment Report issued during the quarter Notice of intent submitted with respect to Tucson...

Strong execution and increased capacity drives another record for net sales; updated 2022 outlook anticipates better than expected sales growth with sequentially improving margin profile WAUKESHA, Wis., May 04, 2022 (GLOBE NEWSWIRE) — Generac Holdings Inc. (NYSE: GNRC) (“Generac” or the “Company”), a leading global designer and manufacturer of energy technology solutions and other power products, today reported financial results for its first quarter ended March 31, 2022 and provided an update on its outlook for the full year 2022.   First Quarter 2022 HighlightsNet sales increased 41% to a record $1.14 billion during the first quarter of 2022 as compared to $807 million in the prior-year first quarter. Core sales growth, which excludes both the impact of acquisitions and foreign currency, increased approximately 33%.Residential...