Month: May 2022

Interfor Reports Q1’22 Results

Written by Customer Service on May 11, 2022. Posted in Earnings Releases And Operating Results.

Adjusted EBITDA of $570 million and Net Earnings of $397 millionWith Record Production BURNABY, British Columbia, May 11, 2022 (GLOBE NEWSWIRE) — INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) recorded Net earnings in Q1’22 of $397.0 million, or $6.69 per share, compared to $69.7 million, or $1.15 per share in Q4’21 and $264.5 million, or $4.01 per share in Q1’21. Adjusted net earnings in Q1’22 were $392.5 million compared to $78.2 million in Q4’21 and $270.6 million in Q1’21. Adjusted EBITDA was $570.1 million on sales of $1.3 billion in Q1’22 versus $149.5 million on sales of $675.9 million in Q4’21. Notable items in the quarter:Acquisition of EACOM Timber CorporationOn February 22, 2022, the Company completed the transaction to acquire 100% of the equity interests of EACOM Timber Corporation (“EACOM”) from...

Savaria Presents Q1 2022 Results: Revenue of $184 million and 12% Organic Growth

Written by Customer Service on May 11, 2022. Posted in Earnings Releases And Operating Results.

LAVAL, Québec, May 11, 2022 (GLOBE NEWSWIRE) — Savaria Corporation (“Savaria”) (TSX: SIS), a global leader in the accessibility industry, is pleased to announce its results for the first quarter of fiscal 2022. Highlights – Q1 2022 compared to Q1 2021Revenue for the quarter was $183.5M, up $71.5M or 63.8%, mainly due to the acquisition of Handicare in March 2021 and organic growth in the Accessibility and Patient Care segments.Gross profit was $58.5M, up $21.1M or 56.5%, representing 31.9% of revenue compared to 33.4% in Q1 2021. Operating income was $8.8M, up $2.4M or 38.4%, representing 4.8% of revenue compared to 5.7% in Q1 2021. Adjusted EBITDA was $24.4M, up $7.1M or 41.2%. Adjusted EBITDA margin stood at 13.3%, down 2.1% compared to 15.4% in Q1 2021. Net earnings for the quarter were $5.3M, or $0.08, per share on a diluted...

AirBoss Announces Record First Quarter 2022 Results

Written by Customer Service on May 11, 2022. Posted in Earnings Releases And Operating Results.

NEWMARKET, Ontario, May 11, 2022 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX: BOS) (the “Company” or “AirBoss”) today announced strong first quarter performance as it has entered 2022 with continued momentum. The Company’s annual general meeting will be held on Thursday, May 12th, 2022, at 9:00 a.m. (EDT). Following the formal portion of the meeting, management will provide a presentation including a discussion of Q1 2022 results. In an effort to safeguard the health of its shareholders, directors, management and employees, the meeting will be accessible via live webcast or by dialing in to the numbers provided later in this release. All dollar amounts are shown in thousands of United States dollars (“U.S. $” or “$”), except per share amounts, unless otherwise noted. Recent HighlightsDiluted EPS growth...

Black Diamond Therapeutics Reports First Quarter 2022 Financial Results and Provides Corporate Update

Written by Customer Service on May 11, 2022. Posted in Earnings Releases And Operating Results.

Dosed first patient in Phase 1 Study of BDTX-1535 for the treatment of glioblastoma multiforme (GBM) and non-small cell lung cancer (NSCLC) including those with central nervous system (CNS) tumors; clinical update expected in 2023 Continued strategic focus on development of BDTX-1535, BDTX-4933 and MAP drug discovery engine enabled small molecule drug discovery efforts Financial position strengthened and cash runway extended into third quarter of 2024; cash, cash equivalents, and investments of approximately $179.7 million as of March 31, 2022CAMBRIDGE, Mass. and NEW YORK, May 11, 2022 (GLOBE NEWSWIRE) — Black Diamond Therapeutics, Inc. (Nasdaq: BDTX), a precision oncology medicine company pioneering the discovery and development of MasterKey therapies, today reported financial results for the first quarter ended March 31,...

STERIS Announces Financial Results for Fiscal 2022 Fourth Quarter and Full Year

Written by Customer Service on May 11, 2022. Posted in Earnings Releases And Operating Results.

Fourth quarter revenue increases 39% as reported; 11% constant currency organic As reported EPS of $0.52; adjusted EPS of $2.04 Company provides FY23 outlookDUBLIN, IRELAND, May 11, 2022 (GLOBE NEWSWIRE) — STERIS plc (NYSE: STE) (“STERIS” or the “Company”) today announced financial results for its fiscal 2022 fourth quarter ended March 31, 2022. Revenue as reported for the quarter increased 39% to $1.2 billion compared with $873.5 million in the fourth quarter of fiscal 2021. Constant currency organic revenue (see Non-GAAP Financial Measures) increased 11% for the fourth quarter of fiscal 2022 as compared to the fourth quarter of fiscal 2021. “We are pleased to end the year with strong performance in the fourth quarter, as our balanced revenue stream continues to deliver solid growth in the current environment,” said Dan...

Summit Therapeutics Inc Reports Financial Results and Operational Progress for the First Quarter Ended March 31, 2022

Written by Customer Service on May 11, 2022. Posted in Earnings Releases And Operating Results.

Cambridge, MA, May 11, 2022 (GLOBE NEWSWIRE) — Summit Therapeutics Inc. (NASDAQ: SMMT) (“Summit,” “we,” or the “Company”) today reports its financial results and provides an update on operational progress for the first quarter ended March 31, 2022. Note: A glossary of terms is included at the end of this document to allow for the ease of understanding of terms or concepts used throughout this release. Financial HighlightsAggregate cash, accounts receivable, and tax credits receivable on March 31, 2022 totaled $95.3 million as compared to $89.0 million on December 31, 2021. Our cash balance on March 31, 2022 was $77.5 million as compared to $71.8 million on December 31, 2021. Accounts receivable and research and development tax credits receivable on March 31, 2022 were $17.8 million as compared...

Freshii Inc. Announces First Quarter 2022 Results and Executive Changes

Written by Customer Service on May 11, 2022. Posted in Earnings Releases And Operating Results.

Daniel Haroun promoted to CEO of Freshii Inc.; Founder Matthew Corrin becomes Executive ChairmanVictor Diab to join the Company as CFOQ1 2021 Company-wide revenue up 162% vs. prior year, driven by growth across all business lines and Natura Market acquisitionNorth American franchised restaurant development pipeline of committed locations reaches over 100 units with more than 90% from existing franchiseesNorth American Franchised Restaurant Segment records Q1 2022 System sales growth1 of 11% and Franchise Revenue growth of 10% vs Q1 2021Natura Market records 6% revenue growth vs. the corresponding period in 20212CPG business records CPG system sales growth of 85% in Q1 2022 vs. Q1 2021 TORONTO, May 11, 2022 (GLOBE NEWSWIRE) — Omnichannel health and wellness brand, Freshii Inc. (TSX: FRII) (“Freshii”, the “Company”, “us”,...

Wesdome Announces 2022 First Quarter Results and Appointment of Chief Operating Officer

Written by Customer Service on May 11, 2022. Posted in Earnings Releases And Operating Results.

TORONTO, May 11, 2022 (GLOBE NEWSWIRE) — Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces first quarter (“Q1 2022”) financial results. All figures are stated in Canadian dollars unless otherwise noted. Duncan Middlemiss, President and CEO commented, “In Q1, with combined production of 25,611 ounces we increased cash flow from operations by 36%, and cash margins by 39% over the same period last year, ending the quarter with $52.5 million in cash. This is sufficient to fund our final year of elevated growth capex as we finish projects related to the ramp up at Kiena, such as the fleet purchase, tailings dam, and paste fill plant construction. It was a challenging quarter due to the unpredictable supply chain, inflationary pressures seen across the industry, as well as the Omicron variant surge which...

Kite Realty Group Trust Declares Quarterly Common Dividend of $0.21 per Common Share, a 5% Increase Over Previous Quarter

Written by Customer Service on May 11, 2022. Posted in Dividend Reports And Estimates.

INDIANAPOLIS, Ind., May 11, 2022 (GLOBE NEWSWIRE) — Kite Realty Group Trust (NYSE: KRG) announced today that its Board of Trustees declared a quarterly cash distribution of $0.21 per common share for the quarter ending June 30, 2022. This distribution will be paid on or about July 15, 2022, to shareholders of record as of July 8, 2022. About Kite Realty Group TrustKite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The company’s primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets. The combination of necessity-based grocery-anchored neighborhood and community centers, along with vibrant mixed-use assets...

Lam Research Corporation Announces $5 Billion Share Repurchase Authorization and Declares Quarterly Dividend

Written by Customer Service on May 11, 2022. Posted in Public Companies.

FREMONT, Calif., May 11, 2022 (GLOBE NEWSWIRE) — Lam Research Corporation (Nasdaq: LRCX) today announced that its Board of Directors approved a $5 billion share repurchase authorization and a quarterly dividend of $1.50 per share of common stock. The company is authorized to repurchase up to $5 billion of common stock; this authorization supplements the remaining balances from any prior authorizations. Repurchases may be made through both public market and private transactions and may include the use of derivative contracts and structured share repurchase agreements. This repurchase program has no termination date and may be suspended or discontinued at any time. The dividend payment will be made July 6, 2022, to holders of record on June 15, 2022. Future dividend payments are subject to review and approval by the Board of Directors. About...

Month: May 2022

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