Laredo Petroleum Announces First-Quarter 2022 Financial and Operating Results

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

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 Highlights Reported 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...

HCI Group Reports First Quarter 2022 Results

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

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...

Ansys Announces Financial Results With Record Q1 ACV, Revenue and Operating Cash Flow

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

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 2022 GAAP 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...

Amplify Energy Announces First Quarter 2022 Results and Issues Updated Guidance

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

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 Highlights Southern 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 pipeline During 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...

Star Group, L.P. Reports Fiscal 2022 Second Quarter Results

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

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...

DLH Reports Fiscal 2022 Second Quarter Results

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

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. Highlights Second 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...

<div>Host Hotels & Resorts, Inc. Reports Strong First Quarter 2022 Operating Results Surpassing 2019 Room Rates, as Lodging Recovery Accelerates; Announces Doubling of Quarterly Dividend to $0.06 Per Share</div>

Host Hotels & Resorts, Inc. Reports Strong First Quarter 2022 Operating Results Surpassing 2019 Room Rates, as Lodging Recovery Accelerates; Announces Doubling of Quarterly Dividend to $0.06 Per Share

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

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...

CVG Reports First Quarter 2022 Results

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

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....

GXO Logistics Reports First Quarter 2022 Results

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

Highlights First 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 Highlights Record 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...

Lamar Advertising Company Announces Acquisition of Burkhart Advertising

Written by Customer Service on May 4, 2022. Posted in Mergers And Acquisitions.

BATON ROUGE, La., May 04, 2022 (GLOBE NEWSWIRE) — Lamar Advertising Company (Nasdaq: LAMR), an owner and operator of outdoor advertising and logo sign displays, announced today that it has acquired Burkhart Advertising Inc. in Indiana. The purchase, which closed today, includes more than 1,500 billboard structures and 3,200 billboard faces, including 23 digital displays, in 38 counties across northern Indiana. Burkhart is the leading out-of-home advertising provider in communities such as South Bend, Fort Wayne, Elkhart, Muncie and Lafayette. Lamar purchased Burkhart Advertising from members of the Burkhart/Miller family, third-generation descendants of company founders Charles and Elinor Burkhart. The Burkharts established the company in South Bend in 1964 after posting signs around the community reading “I believe in South Bend”...

Day: May 4, 2022

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