Day: May 4, 2022

TULSA, OK, May 04, 2022 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) today announced its first-quarter 2022 financial and operating results. A conference call and webcast to discuss the results is planned for 7:30 a.m. CT, Thursday, May 5, 2022. Complete details can be found within this release. First-Quarter 2022 HighlightsReported a net loss of $86.8 million and cash flows from operating activities of $170.9 million, generating Adjusted EBITDA1 of $222.1 million and Free Cash Flow1 of $23.2 million Reduced Net Debt1/Consolidated EBITDAX1 ratio to 1.9x Produced 40,295 barrels of oil per day (“BOPD”) and 85,118 barrels of oil equivalent per day (“BOEPD”), in line with guidance and an increase of 66% and 8%, respectively, versus first-quarter...

TAMPA, Fla., May 04, 2022 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, reported results for the quarter ended March 31, 2022. First Quarter 2022 – Financial ResultsNet income for the first quarter of 2022 totaled $2.8 million or $0.09 diluted earnings per share compared with net income of $6.8 million or $0.75 diluted earnings per share in the first quarter of 2021. Adjusted net income (a non-GAAP measure which excludes net unrealized gains or losses on equity securities) for the first quarter of 2022 was $5.5 million or $0.34 diluted earnings per share compared with adjusted net income of $7.0 million or $0.77 diluted earnings per share in the first quarter of 2021. This press release includes an explanation...

Increases FY 2022 Outlook on ACV and Revenue in Constant Currency Details related to our financial guidance, including assumptions, are included in our prepared remarks document.     / Key Highlights – Q1 2022GAAP revenue of $425.1 million and non-GAAP revenue of $428.6 million GAAP diluted earnings per share of $0.81 and non-GAAP diluted earnings per share of $1.36 GAAP operating profit margin of 19.1% and non-GAAP operating profit margin of 34.7% Operating cash flows of $210.9 million Annual contract value (ACV) of $344.1 million Deferred revenue and backlog of $1,203.2 million on March 31, 2022     PITTSBURGH, May 04, 2022 (GLOBE NEWSWIRE) — ANSYS, Inc. (NASDAQ: ANSS), today reported first quarter 2022 GAAP and non-GAAP revenue growth of 17% and 15% in reported currency, respectively, or 20% and 18% in constant...

HOUSTON, May 04, 2022 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today its operating and financial results for the first quarter of 2022 and updated its full-year 2022 guidance. Key HighlightsSouthern California Release Incident (the “Incident”) Updates:On April 15, 2022, Amplify received approval for its permanent pipeline repair plan from the Pipeline and Hazardous Material Safety Administration (“PHMSA”) Amplify continues to work cooperatively with all regulatory agencies to secure the remaining required approvals to safely and promptly repair and restart the pipelineDuring the first quarter of 2022, the Company:Achieved average total production of 20.4 MBoepd Generated net cash provided by operating activities of $9.7 million Delivered Adjusted EBITDA of $24.9 million Generated...

STAMFORD, Conn., May 04, 2022 (GLOBE NEWSWIRE) — Star Group, L.P. (the “Company” or “Star”) (NYSE:SGU), a home energy distributor and services provider, today announced financial results for its fiscal 2022 second quarter ended March 31, 2022. Three Months Ended March 31, 2022 Compared to the Three Months Ended March 31, 2021For the fiscal 2022 second quarter, Star reported a 29.5 percent increase in total revenue to $782.5 million compared with $604.1 million in the prior-year period, reflecting an increase in selling prices in response to higher wholesale product costs, partially offset by a decrease in total volume sold. The volume of home heating oil and propane sold during the fiscal 2022 second quarter decreased by 8.7 million gallons, or 5.5 percent, to 148.9 million gallons as the additional volume...

Revenue $108.7 Million, Reflecting Short-term FEMA Awards; Earnings $0.50 per share;Term Debt Reduced to $37.5 Million ATLANTA, May 04, 2022 (GLOBE NEWSWIRE) — DLH Holdings Corp. (NASDAQ: DLHC) (“DLH” or the “Company”), a leading provider of innovative healthcare services and solutions to federal agencies, today announced financial results for its fiscal second quarter ended March 31, 2022. HighlightsSecond quarter revenue increased to $108.7 million in fiscal 2022 from $61.5 million in fiscal 2021, reflecting the previously-announced award of two FEMA contracts to support Alaska, which accounted for approximately $39.8 million of revenue Excluding these short-term contracts, second quarter revenue rose to $68.9 million in fiscal 2022, an increase of 12% over the prior-year period Earnings were $7.2 million, or $0.50 per diluted...

BETHESDA, Md., May 04, 2022 (GLOBE NEWSWIRE) — Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust (“REIT”), today announced results for first quarter of 2022. OPERATING RESULTS(unaudited, in millions, except per share and hotel statistics)    Quarter ended March 31,     Percent Change     Percent Change      2022     2021     vs. 2021     vs. 2019⁽²⁾  Revenues   $ 1,074     $ 399       169.2 %     (22.7 )%All owned hotel revenues (pro forma)⁽¹⁾     1,052       431       144.1 %     (17.4 )%All owned hotel (pro forma) Total RevPAR     275.55       113.55       142.7 %     (18.3 )%All owned hotel (pro forma) RevPAR     166.93       72.27       131.0 %     (18.5 )%                                                                           Net...

Quarterly Sales of $244.4 million, EPS $0.12, Adjusted EPS $0.16 NEW ALBANY, Ohio, May 04, 2022 (GLOBE NEWSWIRE) — CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its first quarter ended March 31, 2022. First Quarter 2022 Highlights (Compared with prior-year period, where comparisons are noted)Sales of $244.4 million. Net income of $4.0 million, or $0.12 per diluted share. Adjusted net income of $5.3 million, or $0.16 per diluted share. Operating Income of $8.4 million, adjusted operating income of $9.5 million. Adjusted EBITDA of $13.5 million, and adjusted EBITDA margin of 5.5%. 14 new business wins worth an estimated $89 million of net new annualized business.CVG continues to execute its Leadership Strategy, and is making substantial progress. Win New Business....

HighlightsFirst quarter revenue of $2.1 billion, up 14% year-over-year; including organic revenue growth¹ of 19%; net income attributable to GXO of $37 million; and adjusted EBITDA¹ of $155 million; 167% growth in diluted EPS and 59% growth in adjusted diluted EPS¹ GXO raises full-year 2022 guidance and introduces adjusted diluted EPS¹ guidance: 2022 organic revenue growth¹ raised to 11-15% year-over-year; full-year adjusted diluted EPS¹ guidance of $2.70-$2.90 implying growth of 29-39%Business HighlightsRecord first quarter new business wins; over $1 billion of incremental revenue contracted for 2022, equivalent to 13% of 2021 revenue Incremental revenue of approximately $217 million already contracted for 2023 Robust sales pipeline of $2.5 billion, 20% increase year-over-year Revenue retention rate in the mid-to-high 90s since...