Day: May 23, 2022

Navigator Holdings Ltd. Preliminary First Quarter 2022 Results (Unaudited)

Written by Customer Service on May 23, 2022. Posted in Earnings Releases And Operating Results.

HighlightsNavigator Holdings Ltd. (the “Company”, “we”, “our” and “us”) (NYSE: NVGS) reported operating revenue of $119.8 million for the three months ended March 31, 2022, compared to $85.7 million for the three months ended March 31, 2021.Net income was $27.0 million for the three months ended March 31, 2022, compared to $2.8 million for the three months ended March 31, 2021. Earnings per share was $0.35 for the three months ended March 31, 2022, compared to $0.05 for the three months ended March 31, 2021. Earnings per share, adjusted to exclude unrealized gain on non-designated derivative instruments of $15.2 million and the foreign currency exchange loss on the senior secured bonds of $0.8 million was $0.16 for the three months ended March 31, 2022, compared to $0.04 for the three months ended March 31, 2021. Adjusted EBITDA(1)...

Pineapple Energy Reports First Quarter 2022 Financial Results

Written by Customer Service on May 23, 2022. Posted in Earnings Releases And Operating Results.

Closes Merger with Communications Systems, Inc. Trading Under Symbol PEGY GAAP Revenue of $319,000 Reflects 3 Days of Post-Merger Operations Pro Forma Revenue of $5.5 Million up 24% MINNETONKA, Minn., May 23, 2022 (GLOBE NEWSWIRE) — Pineapple Energy Inc. (“Pineapple” or the “Company”), a leading provider of sustainable solar energy and back-up power to households and small businesses, today reported financial results for the quarter ended March 31, 2022. Dollar amounts in this release have been rounded to the nearest thousands. “We are thrilled to report to shareholders for the first time as a publicly traded company,” said Kyle Udseth, Pineapple Energy’s Chief Executive Officer. “We completed the merger with Communications Systems, Inc. (“CSI”) near the end of Q1, launching as an operating public company poised to execute our...

Xcel Brands, Inc. Announces First Quarter 2022 Results

Written by Customer Service on May 23, 2022. Posted in Earnings Releases And Operating Results.

First quarter revenues of $8.7 million, up 12% from the first quarter of 2021, and up 8% from the fourth quarter of 2021 First quarter net loss of $3.5 million, or ($0.18) per share, on a GAAP basis Net loss of $1.9 million, or ($0.10) per share, on a non-GAAP basis Management expects continued growth across all business segments and a return to profitability in 2022NEW YORK, May 23, 2022 (GLOBE NEWSWIRE) — Xcel Brands, Inc. (NASDAQ: XELB) (“Xcel” or the “Company”), a media and consumer products company with significant expertise in livestream shopping, today announced its financial results for the first quarter ended March 31, 2022. Robert W. D’Loren, Chairman and CEO of Xcel stated, “We are pleased with our first quarter top-line growth across our brands and operating divisions. Despite current economic and retail trends,...

Whitestone REIT Declares Third Quarter 2022 Dividend

Written by Customer Service on May 23, 2022. Posted in Dividend Reports And Estimates.

HOUSTON, May 23, 2022 (GLOBE NEWSWIRE) — Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced that its Board of Trustees has declared a monthly cash dividend on the Company’s common shares of $0.04 per share. The dividend represents a quarterly amount of $0.12 per share, and an annualized amount of $0.48 per share. “At Whitestone, we are continuing to advance our growth objectives, simultaneously growing earnings while strengthening our balance sheet,” said Dave Holeman, Whitestone’s CEO. “This dividend reflects the Board’s confidence in the underlying strength of Whitestone and its assets, its talented employees and the management team, and bright prospects for sustainable growth and value creation. We are proud of our improving results and cash flow generation and look forward to building and reporting...

Capital Southwest Announces Financial Results for Fourth Quarter and Fiscal Year Ended March 31, 2022

Written by Customer Service on May 23, 2022. Posted in Dividend Reports And Estimates.

CSWC Reports Pre-Tax Net Investment Income of $0.50 Per Share for the Quarter Ended March 31, 2022 DALLAS, May 23, 2022 (GLOBE NEWSWIRE) — Capital Southwest Corporation (“Capital Southwest,” “CSWC” or the “Company”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced its financial results for the fourth fiscal quarter and fiscal year ended March 31, 2022. Fourth Quarter Fiscal Year 2022 Financial HighlightsTotal Investment Portfolio: $936.6 millionCredit Portfolio of $793.8 million:93% 1st Lien Senior Secured Debt $99.6 million in new committed credit investments Weighted Average Yield on Debt Investments: 9.3% Three debt investments currently on non-accrual with a fair value...

HII’s Newport News Shipbuilding Hiring Thousands

Written by Customer Service on May 23, 2022. Posted in Public Companies.

NEWPORT NEWS, Va., May 23, 2022 (GLOBE NEWSWIRE) — Global defense and technologies partner HII (NYSE:HII) announced today that the company’s Newport News Shipbuilding division plans to hire approximately 5,000 people this year to meet the shipbuilding needs of the Navy. The shipyard anticipates hiring nearly 21,000 people within the next decade as HII fulfills orders for U.S. aircraft carriers and submarines. “We at NNS are driven to support the men and women in uniform, to serve the nation, by delivering great ships,” said Xavier Beale, vice president of Human Resources and Trades for Newport News Shipbuilding. “This is not just a job. It is a mission to serve national security, and we are committed to investing in our people so those who choose this mission can create a long and rewarding career.” Newport News Shipbuilding intends...

Correction: Sensus Healthcare to Participate in the H.C. Wainwright Global Investment Conference

Written by Customer Service on May 23, 2022. Posted in Public Companies.

BOCA RATON, Fla, May 23, 2022 (GLOBE NEWSWIRE) — Sensus Healthcare, Inc. (Nasdaq: SRTS), a medical device company specializing in highly effective, non-invasive, minimally invasive and cost-effective treatments for oncological and non-oncological conditions, announces that management will be participating in the H.C. Wainwright Global Investment Conference taking place virtually and in-person at the Fontainebleau Miami Beach May 23-26, 2022. Sensus management will deliver a corporate presentation on May 24 at 9:30 a.m. Eastern time, and the live and archived presentation will be available on the Company’s website here. In addition, Michael Sardano, president and general counsel, and Javier Rampolla, chief financial officer, will be holding one-on-one meetings with the investment community both virtually and in-person at the...

HII’s Ingalls Shipbuilding Awards $100,000 in STEM Grants

Written by Customer Service on May 23, 2022. Posted in Public Companies.

Ingalls Shipbuilding STEM Grant Pictured are Gulfport School District representatives accepting their STEM Grant from Ingalls Shipbuilding. The grant money will support STEM-related initiatives at their schools, providing students with the resources needed to access high-quality learning opportunities.PASCAGOULA, Miss., May 23, 2022 (GLOBE NEWSWIRE) — All-domain defense and technologies partner HII (NYSE:HII) announced today that the company’s Ingalls Shipbuilding division awarded $100,000 in grants to 25 STEM-related initiatives from schools and educational organizations in Mississippi and Alabama. Ingalls has awarded more than $1.1 million for science, technology, engineering and mathematics projects in the past decade. “Establishing a strong awareness and interest in STEM is vital to developing our next generation of shipbuilders,”...

Freddie Mac Prices Approximately $385 Million SLST Securitization

Written by Customer Service on May 23, 2022. Posted in Public Companies.

MCLEAN, Va., May 23, 2022 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) announced today the pricing of the first Seasoned Loans Structured Transaction Trust (SLST) offering of 2022 — a securitization of approximately $385 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned residential mortgage loans. The SLST program is a fundamental part of Freddie Mac’s seasoned loan offerings which reduce less-liquid assets in its mortgage-related investments portfolio and shed credit and market risk via economically reasonable transactions. Freddie Mac SLST Series 2022-1 includes approximately $345 million in guaranteed senior certificates and approximately $40 million in non-guaranteed subordinate certificates. The right to purchase the subordinate certificates was awarded...

Azerion Holding B.V. and Azerion Group N.V. – Joint Press Release Publication of Azerion Holding B.V. Annual Report and Audited Financial Statements 2021

Written by Customer Service on May 23, 2022. Posted in Earnings Releases And Operating Results.

Amsterdam, 23 May 2022 – Azerion has published the annual report and audited financial results for the full year 2021 of Azerion Holding B.V. (Annual Report). The Annual Report can be found at azerion.com/investorsCo-CEO Atilla Aytekin said: “Publishing our Annual Report is an important milestone for Azerion, following our listing at Euronext Amsterdam earlier in 2022. We look forward to continuing the engagements with the capital markets on the back of our Annual Report and our first quarter 2022 results announcement, planned for the end of May.” The Annual Report includes updated financial statements as compared to the preliminary unaudited financial results full year 2021 published on 28 February 2022. The updates to the figures are mainly associated with acquisition accounting, following the completion of the acquisition audits,...

Day: May 23, 2022

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