Day: May 4, 2022

VANCOUVER, British Columbia, May 04, 2022 (GLOBE NEWSWIRE) — Tree Island Steel (”Tree Island” or the ”Company”) (TSX: TSL) announced today its financial results for the three months ended March 31, 2022. For the three‐month period ended March 31, 2022, revenues increased by $25.9 million to $92.7 million as pricing increases across all market segments allowed us to recover escalating costs. Gross profit for the first quarter increased to $20.8 million, from $12.6 million in the same period in 2021. Adjusted EBITDA amounted to $18.8 million, compared to $10.7 million during the same period in 2021. Inflationary cost increases continued in the quarter, led by key raw materials, namely steel wire rod and zinc, as well as freight, labour and utilities. Increased selling prices recovered these costs in the period....

Acquisition Proceeding on Track FOLSOM, NJ , May 04, 2022 (GLOBE NEWSWIRE) —Investor Contact:Daniel Fidell609-561-9000 x7027dfidell@sjindustries.com Media Contact:Dominick DiRocco609-561-9000 x4262ddirocco@sjindustries.comSJI Reports First Quarter 2022 ResultsAcquisition Proceeding on Track FOLSOM, NJ (May 4, 2022) – SJI (NYSE: SJI) today reported operating results for the first quarter ended March 31, 2022. Highlights include:Q1 2022 GAAP earnings $1.08 per diluted share compared to $1.26 per diluted share in 2021 Economic Earnings* $1.25 per diluted share compared to $1.26 per diluted share in 2021 First quarter EPS reflect increased profitability from both Utility and Non-Utility operations offset by the impact of financing activities Acquisition by Infrastructure Investment Fund (IIF)...

(all amounts are in U.S. dollars except where otherwise indicated)(1) Please refer to “Definition and reconciliation of non-GAAP financial measures” in this press releaseRecord first quarter sales of $775 million, up 31% over prior year driven by strong demand Operating margin of 20.9%, adjusted operating margin1 of 20.4% up from 18.7% last year Record GAAP diluted EPS of $0.77, adjusted diluted EPS1 of $0.76 up 58% over Q1 2021 Continued execution on capital allocation priorities, including more than 5 million shares repurchased in the quarter Sustainability-Linked Loan launched during the first quarter reinforcing strong commitment to ESG targetsMONTREAL, May 04, 2022 (GLOBE NEWSWIRE) — Gildan Activewear Inc. (GIL: TSX and NYSE) today announced results for the first quarter ended April 3, 2022. “Record results...

Dallas, Texas, May 04, 2022 (GLOBE NEWSWIRE) — NL Industries, Inc. (NYSE: NL) today reported net income attributable to NL stockholders of $18.6 million, or $.38 per share, in the first quarter of 2022 compared to net income attributable to NL stockholders of $13.3 million, or $.27 per share, in the first quarter of 2021.  NL results include an unrealized gain of $.7 million in the first quarter of 2022 related to the change in value of marketable equity securities compared to an unrealized gain of $6.4 million in the first quarter of 2021.  CompX net sales were $42.1 million in the first quarter of 2022 compared to $35.9 million in the first quarter of 2021.  CompX net sales increased primarily due to higher Security Product sales across a variety of markets and to a lesser extent higher Marine Components sales primarily to the...

HOUSTON, May 04, 2022 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported first-quarter 2022 results and provided the following updates:Reported first-quarter Net income attributable to PAA of $187 million and Net cash provided by operating activities of $340 millionReported strong first-quarter Adjusted EBITDA attributable to PAA of $614 million and increased full-year 2022 Adjusted EBITDA attributable to PAA guidance by $75 million to +/- $2.275 billionForecast Permian gathering volume growth of +/- 280 thousand barrels per day in 2022 (YE-21 to YE-22)Increased annualized common distribution by $0.15 to $0.87 per unit and repurchased $25 million of common units in the first quarter“Our business is off to a positive start in 2022, supported by constructive,...

DENVER, May 04, 2022 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq: PDCE) today announced its 2022 first quarter financial and operating results. 2022 First Quarter Highlights:Net cash from operating activities of approximately $489 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of approximately $539 million and oil and gas capital investments of approximately $220 million.Approximately $319 million of adjusted free cash flow (“FCF”), a non-U.S. GAAP metric defined below.Returned $110 million of capital to shareholders through the repurchase of approximately 1.3 million shares of common stock outstanding and its base dividend.Total production of 17.9 million barrels of oil equivalent (“MMBoe”) or approximately 199,000 Boe per day and oil production of 5.9 million...

First Quarter Net Revenue of $2.2 Million;Active Customer Sites Climb 17% to New Record SOUTH ORANGE, NJ, May 04, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Nephros, Inc. (Nasdaq: NEPH), a leading water technology company providing filtration and pathogen detection solutions to the medical and commercial markets, today announced financial results for the first quarter ended March 31, 2022. Financial Highlights Water Filtration Business Segment Highlights*Net revenue of $2.2 million, a decrease of 21% Net loss of $1.4 million, compared to $0.2 million Adjusted EBITDA of ($1.0 million), compared with ($0.3) millionConsolidated Highlights*Net revenue of $2.2 million, a decrease of 20% Net loss of $2 million, compared to $0.5 million Adjusted EBITDA of ($1.5 million), compared to ($0.7 million)*Stated performance...

RAPID CITY, S.D., May 04, 2022 (GLOBE NEWSWIRE) — Black Hills Corp. (NYSE: BKH) today announced financial results for the first quarter of 2022. Net income for the first quarter of 2022 compared to the first quarter of 2021 was:  Three Months Ended March 31,  2022   2021(in millions, except per share amounts) Income EPS   Income EPSNet income $ 117.5 $ 1.82   $ 96.3 $ 1.54                   Earnings per share increased 18% in the first quarter of 2022 compared to the first quarter of 2021. Excluding $0.15 of negative impacts from Winter Storm Uri last year, earnings per share increased 8%. Earnings benefited from new rates and rider recovery, customer growth, increased off-system energy sales and mark-to-market benefits on energy contracts. “I’m pleased with our strong first quarter financial and operational performance,”...

Top-line data from the ongoing imsidolimab (anti-IL-36R Ab) HARP Phase 2 trial in moderate-to-severe hidradenitis suppurativa is anticipated in Q3 2022 Top-line data from the ongoing imsidolimab GEMINI-1 Phase 3 trial in GPP is anticipated in Q4 2023 Top-line data from the ongoing rosnilimab (anti-PD-1 agonist Ab) AZURE Phase 2 trial in moderate-to-severe alopecia areata is anticipated in H1 2023 Ended Q1 2022 with approximately $596.8 million in cash with anticipated 2022 net cash burn of $90 to $100 millionSAN DIEGO, May 04, 2022 (GLOBE NEWSWIRE) — AnaptysBio, Inc. (Nasdaq: ANAB), a clinical-stage biotechnology company developing first-in-class antibodies focused on emerging immune control mechanisms applicable to inflammation and immuno-oncology indications, today reported operating results for the first quarter ended March...