Month: May 2022

Wilmington, DE, May 10, 2022 (GLOBE NEWSWIRE) — Enovis Corporation (NYSE: ENOV), an innovation-driven medical technology growth company formerly known as Colfax Corporation, today announced its adjusted stand-alone financial results for the first quarter of 2022.   At the beginning of its second quarter on April 4, 2022, Colfax Corporation spun-off its industrial manufacturing business, ESAB Corporation, in a tax-free distribution to shareholders and renamed itself Enovis. First Quarter Financial Results Enovis reported strong first quarter stand-alone sales of $375 million, an increase of 21%, or 7% on an organic basis versus the comparable prior year period. Reconstructive (Recon) sales of $131 million increased 72% from the prior year, or 12% on an organic basis. Prevention and Recovery (P&R) sales of $245 million increased...

Net sales decreased (6.1%) to $965 million, organic sales decreased (1.4%) Operating income of $93 million, adjusted operating income of $153 million EPS of $0.30, adjusted EPS decreased to $0.52 vs $0.72 in Q1 2021 Operating cash flow increased to $93 million vs $49 million in Q1 2021 Updated FY22 outlook: organic sales growth of 2% to 3%; adj. EPS range of $2.35 to $2.55 Delays filing of Form 10-Q as previously communicated in the Company’s filing of a Form 12b-25CHARLOTTE, N.C., May 10, 2022 (GLOBE NEWSWIRE) — DENTSPLY SIRONA Inc. (“Dentsply Sirona” or the “Company”) (Nasdaq: XRAY) today announced its preliminary financial results for the first quarter of 2022. First quarter net sales of $965 million decreased (6.1%), compared to $1,027 million in the first quarter of 2021. Net income for the first quarter...

Revenue:$236.6 million for Q1 2022Net Income:$85.7 million for Q1 2022Net cash from operating activities:$5.2 million for Q1 2022EBITDA:$126.1 million for Q1 2022Fleet Update~ $1.3 billion investment in 22 newbuilding vessels through Q1 2025~$2.8 billion in contracted revenue through 2031MONACO, May 10, 2022 (GLOBE NEWSWIRE) — Navios Maritime Partners L.P. (“Navios Partners”) (NYSE: NMM), an international owner and operator of dry cargo and tanker vessels, today reported its financial results for the first quarter ended March 31, 2022. Angeliki Frangou, Chairwoman and Chief Executive Officer of Navios Partners stated, “I am pleased with the results for the first quarter of 2022. During the first quarter of 2022, Navios Partners recorded revenue of $236.6 million, EBITDA of $126.1 million and net income...

Fiscal year 2021 total revenue of $231.0 million, including net product revenues of $94.3 million; fourth fiscal quarter 2021 total revenues of $57.6 million, including net product revenue of $32.4 million European Commission approval of ORGOVYX® as the first and only oral androgen deprivation therapy for advanced hormone-sensitive prostate cancer in Europe in April 2022 Announced exclusive license agreement with Accord Healthcare, Ltd. (Accord) to commercialize ORGOVYX in Europe; total deal value up to $140.5 million, inclusive of upfront payment of $50.0 million, plus tiered royalties Net product revenue from U.S. sales of ORGOVYX of $83.0 million in fiscal year 2021; fourth fiscal quarter 2021 net product revenues of $29.4 million with sequential quarterly demand volume growth of 18% Net product revenue from U.S. sales of MYFEMBREE®...

Record Revenue of $828 million Record Bookings of $1.2 billion, grew 48% year-over-year Record Backlog of $2.1 billion, grew 88% year-over-year GAAP EPS of $0.28 Non-GAAP EPS of $0.95PITTSBURGH, May 10, 2022 (GLOBE NEWSWIRE) — II-VI Incorporated (Nasdaq:IIVI) (“II-VI,” “We” or the “Company”) today reported results for its fiscal 2022 third quarter ended March 31, 2022. “We experienced a tremendous surge in demand, booking $1.2 billion of new orders, an increase of 48% compared to a year ago. Our backlog grew 88% year-over-year to $2.1 billion. Clearly, we continue to benefit from a broad and diverse portfolio of differentiated products that serve a rapidly growing list of industry-leading customers. Our substantial investments in innovation and scale, our ability to integrate our offerings in large...

North America IT Solutions and Services grew 10.7%, helping to offset $6.2 million revenue decline from intentional reduction in Non-Strategic Technology Services and $3.1 million impact from foreign currency exchange headwinds Gross margin expanded 160 basis points in the first quarter to 23.0%, driven by successful execution of strategy to improve business mix; two-year gross margin improvement of 340 basis points GAAP operating income for the quarter increased 52.5%; operating margin was 3.6%, an increase of 142 basis points First quarter GAAP diluted EPS of $0.15 increased $0.05, or 50% Pipeline of opportunities in digital solutions continued to expand; awarded largest multi-year solutions development contract in North AmericaBUFFALO, N.Y., May 10, 2022 (GLOBE NEWSWIRE) — CTG (Nasdaq: CTG) (“Company”), a leader in helping...

REDWOOD CITY, Calif., May 10, 2022 (GLOBE NEWSWIRE) — Sumo Logic (NASDAQ: SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced that it will report financial results for the first quarter ended April 30, 2022 after market close on Thursday, May 26, 2022. The company will host a conference call on the same day beginning at 1:30 PM Pacific Time (4:30PM Eastern Time) to discuss financial results and business highlights. To access the conference call, dial (877) 407-0784 from the United States or (201) 689-8561 internationally and reference the company name and conference title. Following the completion of the call, a replay will be available for approximately two weeks. The replay can be accessed by dialing (844) 512-2921 from the United States or (412) 317-6671 internationally...

EDISON, N.J., May 10, 2022 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos”), a leading provider of safe, scalable, efficient, and sustainable zinc-based energy storage systems, today announced financial results for the first quarter ended March 31, 2022. First Quarter HighlightsContinued commercial pipeline growth; booked orders of $67 million year-to-date resulting in orders backlog of $212 million with a current opportunity pipeline of over $6 billion. Achieved 65 MWh of a 550 MWh annualized battery manufacturing capacity expansion plan in two months. $3.3 million in revenue from four customer projects, including first Energy Block deliveries for the 80 MWh Pine Gate Renewables’ Eastover Project. 69% sequential increase in Energy Block volume, on a revenue recognition basis. Q1 ‘22 ending Energy...