Month: May 2022

Trisura Group Reports First Quarter 2022 Results

Written by Customer Service on May 5, 2022. Posted in Earnings Releases And Operating Results.

TORONTO, May 05, 2022 (GLOBE NEWSWIRE) — Trisura Group Ltd. (“Trisura” or “Trisura Group”) (TSX: TSU), a leading specialty insurance provider, today announced financial results for the first quarter of 2022. David Clare, President and CEO of Trisura, stated, “Our business performed well in the quarter, recording our highest quarterly net income to date of $21.1 million. Sustained growth and strong underwriting, supported by investment income, generated an 18.7% return on equity(1), despite continued investment in infrastructure. Expansion of market share, and maturation of our platform drove premium growth of 55.2% in the quarter. In Canada, focused underwriting resulted in a 79.5% combined ratio(1) for the quarter. Our US business bound a quarterly record $341.7 million of gross premiums, supporting $8.4 million of net underwriting...

Martinrea International Inc. Reports First-Quarter Results and Declares Dividend

Written by Customer Service on May 5, 2022. Posted in Earnings Releases And Operating Results.

TORONTO, May 05, 2022 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the first quarter ended March 31, 2022 and that it has declared a quarterly cash dividend of $0.05 per share. HIGHLIGHTSTotal sales of $1,155.0 million, up 15.8% year-over-year; production sales of $1,102.4 million, up 19.3% year-over-year First quarter diluted net earnings per share and Adjusted Net Earnings per Share(1) of $0.31 First quarter Adjusted EBITDA(1) of $112.4 million, up 2.3% year-over-year, and up 77.8% sequentially over Q4 2021 First quarter results continued to be impacted by cost inflation, new...

Post Holdings Reports Results for the Second Quarter of Fiscal Year 2022

Written by Customer Service on May 5, 2022. Posted in Earnings Releases And Operating Results.

ST. LOUIS, May 05, 2022 (GLOBE NEWSWIRE) — Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today reported results for the second fiscal quarter ended March 31, 2022. Highlights:Second quarter net sales of $1.4 billion Operating profit of $100.0 million; net earnings from continuing operations of $525.6 million and Adjusted EBITDA of $229.7 million Reaffirmed fiscal year 2022 Adjusted EBITDA (non-GAAP) guidance range of $910-$940 millionBasis of Presentation On March 10, 2022, Post’s distribution to its shareholders of 80.1% of its interest in BellRing Brands, Inc. (“BellRing”) was completed. Please see “BellRing Distribution” later in this release for more information. Accordingly, the historical results of the BellRing business have been presented as discontinued operations in Post’s financial...

BellRing Brands Reports Results for the Second Quarter of Fiscal Year 2022; Raises Fiscal Year 2022 Outlook

Written by Customer Service on May 5, 2022. Posted in Earnings Releases And Operating Results.

ST. LOUIS, May 05, 2022 (GLOBE NEWSWIRE) — BellRing Brands, Inc. (NYSE:BRBR) (“BellRing”), a holding company operating in the global convenient nutrition category, today reported results for the second fiscal quarter ended March 31, 2022. Highlights:Second quarter net sales of $315.2 million Operating profit of $33.2 million; net earnings available to common stockholders of $1.3 million and Adjusted EBITDA of $50.9 million Raised fiscal year 2022 net sales guidance to $1.39-$1.43 billion and Adjusted EBITDA (non-GAAP) guidance to $258-$268 millionBasis of Presentation On March 10, 2022, Post Holdings, Inc.’s (“Post”) distribution to its shareholders of 80.1% of its interest in BellRing was completed (the “Distribution” and, together with the other transactions described in “Spin-off from Post,” the “Spin-off”). As a result...

Ottawa Bancorp, Inc. Announces First Quarter 2022 Results

Written by Customer Service on May 5, 2022. Posted in Earnings Releases And Operating Results.

OTTAWA, Ill., May 05, 2022 (GLOBE NEWSWIRE) — Ottawa Bancorp, Inc. (the “Company”) (OTCQX: OTTW), the holding company for OSB Community Bank (the “Bank”), announced net income of $0.9 million, or $0.33 per basic and diluted common share for the three months ended March 31, 2022, compared to net income of $0.6 million, or $0.20 per basic and diluted common share for the three months ended March 31, 2021. The loan portfolio, net of allowance, decreased to $281.6 million as of March 31, 2022 from $283.9 million as of December 31, 2021 as payoffs and payments exceeded originations. Non-performing loans decreased from $1.8 million at December 31, 2021 to $1.1 million at March 31, 2022, which caused the ratio of non-performing loans to gross loans to decrease from 0.57% at December 31, 2021 to 0.37% at March 31, 2022. Additionally, through...

Koss Third Quarter Net Income Nearly Doubles on 16% Sales Increase

Written by Customer Service on May 5, 2022. Posted in Earnings Releases And Operating Results.

MILWAUKEE, May 05, 2022 (GLOBE NEWSWIRE) — Koss Corporation (NASDAQ: KOSS) (the “Company”), the U.S. based high-fidelity headphone company, has reported its results for the third quarter ended March 31, 2022. Sales for the third fiscal quarter were $4,634,552, which is a 16.2% increase from sales of $3,987,452 for the same three-month period one year ago. The three-month net income was $403,204, compared to a net loss of $474,168 for the third fiscal quarter in the prior year. Diluted income per common share for the quarter was $0.04 compared to a diluted loss per common share of $0.06 for the three-month period one year ago. Sales for the nine months ended March 31, 2022 decreased 5% from $14,125,537 in the same period in the prior year to $13,415,506 in the current year. The nine-month net income was $882,814 compared to net...

AGF Reports April 2022 Assets Under Management and Fee-Earning Assets

Written by Customer Service on May 5, 2022. Posted in Dividend Reports And Estimates.

TORONTO, May 05, 2022 (GLOBE NEWSWIRE) — AGF Management Limited reported total assets under management (AUM) and fee-earning assets1 of $40.3 billion as at April 30, 2022. AUM ($ billions)April 30, 2022 March 31, 2022 % ChangeMonth-Over-Month April 30, 2021 % Change Year-Over-Year Total Mutual Fund (including retail pooled funds) $ 22.8 $ 23.8 $ 22.1 Institutional and Sub-advisory + High-net-worth + Exchange-traded funds $ 15.4 $ 16.3 $ 16.2 Subtotal (before Private Alternative AUM and fee-earning assets1) $ 38.2 $ 40.1 $ 38.3 Private Alternative AUM2 $ 0.1 $ 0.1 $ 0.1 Total AUM2 $ 38.3 $ 40.2 (4.7%) $ 38.4 (0.3%) Private Alternative fee-earning assets1,2 $ 2.0 $ 2.0 $ 2.0 Total AUM and fee-earning assets1 $ 40.3 $ 42.2 (4.5%) $ 40.4 (0.2%) Average...

ClearStream Announces First Quarter 2022 Financial Results

Written by Customer Service on May 5, 2022. Posted in Earnings Releases And Operating Results.

Records $110 million in revenue, the highest level for quarterly revenue since Q1 2020 CALGARY, Alberta, May 05, 2022 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream” or the “Company”) (TSX: CSM) today announced its results for the three months ended March 31, 2022. All amounts are in Canadian dollars and expressed in thousands of dollars unless otherwise noted. “EBITDAS” and “Adjusted EBITDAS” are not standard measures under IFRS. Please refer to the Advisory regarding Non-Standard Measures at the end of this press release for a description of these items and limitations of their use. “Activity levels in the first quarter were strong as revenues grew by 8% from the fourth quarter of 2021 and represented the highest level for quarterly revenue since the first quarter of 2020, which was largely unaffected...

IBI Group Inc. Announces Strong Q1 2022 Results, Supporting 3.5% Increase to 2022 Net Revenue Guidance

Written by Customer Service on May 5, 2022. Posted in Earnings Releases And Operating Results.

9.3% Organic growth 11% Net revenue increase 15.6% Adjusted EBITDA1 margin 2022 net revenue guidance increased to $473 millionTORONTO, May 05, 2022 (GLOBE NEWSWIRE) — IBI Group Inc. (“IBI” or the “Company”), a globally integrated design and technology firm, today announced its financial and operating results for the three months ended March 31, 2022. Select financial and operational information is outlined below and should be read with IBI’s consolidated financial statements (“Financial Statements”) and management’s discussion and analysis (“MD&A”) as of March 31, 2022, which are available on SEDAR at www.sedar.com and on IBI’s website at www.ibigroup.com. Unless otherwise indicated, all references to Adjusted EBITDA in this release means Adjusted EBITDA net of IFRS 16 impacts. Select First Quarter 2022 Highlights:Net...

Optinose Announces Reporting Date for First Quarter 2022 Financial Results

Written by Customer Service on May 5, 2022. Posted in Earnings Releases And Operating Results.

Conference Call and Webcast to be held May 12, 2022, at 8:00 a.m. Eastern Time YARDLEY, Pa., May 05, 2022 (GLOBE NEWSWIRE) — Optinose (NASDAQ:OPTN), a pharmaceutical company focused on patients treated by ear, nose and throat (ENT) and allergy specialists, today announced the Company will report financial results for the first quarter 2022 and corporate updates, before market open on Thursday, May 12, 2022. Company to Host Conference CallMembers of the Company’s leadership team will host a conference call to discuss financial results and corporate updates. The call is scheduled to start at 8:00 a.m. Eastern Time on Thursday, May 12, 2022. To participate on the conference call, please dial (866) 916-4761 from the U.S. or +1 (409) 216-6496 from outside the U.S. In addition, following the completion of the call, a telephone replay...

Month: May 2022

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