Month: May 2022

STAMFORD, Conn., May 05, 2022 (GLOBE NEWSWIRE) — Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk,” “Eagle” or the “Company”), one of the world’s largest owner-operators within the midsize drybulk vessel segment, today reported financial results for the quarter ended March 31, 2022. Quarter highlights:Generated Revenues, net of $184.4 millionAchieved TCE(1) of $27,407/day basis TCE Revenue(1) of $121.6 millionRealized net income of $53.1 million, or $4.09 per basic shareAdjusted net income(1) of $64.5 million, or $4.97 per adjusted basic share(1)Generated EBITDA(1) of $72.1 millionAdjusted EBITDA(1) of $85.0 millionDeclared a quarterly dividend of $2.00 per share for the first quarter of 2022. Payable on May 25, 2022 to shareholders of record at the close of business on May 16, 2022Recent Developments:Looking...

CALGARY, Alberta, May 05, 2022 (GLOBE NEWSWIRE) — Crew Energy Inc. (TSX: CR, OTCQB: CWEGF) (“Crew” or the “Company”) is a growth-oriented natural gas weighted producer operating exclusively in the world-class Montney play in northeast British Columbia (“NEBC”). The Company is pleased to announce our operating and financial results for the three-month period ended March 31, 2022. Crew’s Financial Statements and Notes, as well as Management’s Discussion and Analysis (“MD&A”) are available on Crew’s website and filed on SEDAR at www.sedar.com. “Our results for the first quarter of 2022 are indicative of the significant progress achieved to date on our two-year asset development plan (the “Two-Year Plan”). We have continued to responsibly develop our world-class Montney asset base, while striving to further reduce per unit costs...

LOS ANGELES, May 05, 2022 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), a leading manufacturer of 100% battery-electric Class 5 to Class 8 commercial vehicles, today reported financial results for the quarter ended March 31, 2022. Key Financial and Business Highlights:Revenue for the three months ended March 31, 2022 was $7.0 million. Net loss was $21.2 million and loss from operations was $23.5 million for the three months ended March 31, 2022; Non-GAAP operating loss for the quarter was $20.8 million. Deliveries to name brand customers, including UniFirst, FedEx Ground Operators, and Loomis during first quarter 2022. Cash, cash equivalents and available-for-sale debt securities of $129.7 million as of March 31, 2022. Delivered 56 units to customers in the quarter.“At Xos, we are focused on delivering for our customers. Our...

First Quarter ResultsTotal revenues of $39.1 million, a 37% year-over-year increase and an 8% increase compared to the fourth quarter of 2021 Net loss of $(1.5) million, as compared to $(3.4) million in the first quarter of 2021, a $1.9 improvement; loss per diluted share of $(0.64) Adjusted EBITDA of $2.3 million, as compared to $0.1 million in the first quarter of 2021, a $2.2 million improvement $15.5 million in cash and $8.0 million of total debt as of March 31, 2022HOUSTON, May 05, 2022 (GLOBE NEWSWIRE) — NCS Multistage Holdings, Inc. (Nasdaq: NCSM) (the “Company,” “NCS,” “we” or “us”), a leading provider of highly engineered products and support services that facilitate the optimization of oil and natural gas well construction, well completions and field development strategies, today announced its results for the quarter...

CINCINNATI, May 05, 2022 (GLOBE NEWSWIRE) — Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of grocery-anchored omni-channel neighborhood shopping centers, reported net income attributable to stockholders of $10.1 million, or $0.09 per diluted share, for the three months ended March 31, 2022. Highlights for the First Quarter Ended March 31, 2022Nareit FFO totaled $67.1 million, or $0.52 per diluted share Core FFO totaled $72.6 million, or $0.56 per diluted share Same-center NOI increased 6.8% versus the first quarter ended March 31, 2021 Leased portfolio occupancy as of March 31, 2022 was 96.2% Comparable new and renewal rent spreads were 34.0% and 14.7%, respectively Acquired three grocery-anchored shopping centers for $100.4 million during the...

– Acquires Additional Industrial Property – – Property Sales Generate Gains of $4.6 Million and $6.9 Million in the First Quarter and Second Quarter, Respectively – GREAT NECK, N.Y., May 05, 2022 (GLOBE NEWSWIRE) — One Liberty Properties, Inc. (NYSE: OLP), a real estate investment trust focused on net leased properties, today announced operating results for the quarter ended March 31, 2022. “We continue to evolve our portfolio to maximize long-term cash flow to support our dividend,” commented Patrick J. Callan, Jr., President and Chief Executive Officer of One Liberty. “While we continue to pursue acquisitions of additional industrial properties and other select assets, during this time of low-cap rates and rising interest rates, we will remain disciplined as we adhere to our stringent underwriting standards in our ongoing efforts...

Dallas, Texas, May 05, 2022 (GLOBE NEWSWIRE) — Valhi, Inc. (NYSE: VHI) reported net income attributable to Valhi stockholders of $45.4 million, or $1.59 per share, in the first quarter of 2022 compared to $14.8 million, or $.52 per share, in the first quarter of 2021. Net income attributable to Valhi stockholders increased in the first quarter of 2022 as compared to the first quarter of 2021 primarily due to higher operating results from our Chemicals Segment. The Chemicals Segment’s net sales were $562.9 million in the first quarter of 2022 compared to $465.0 million in the first quarter of 2021. The Chemicals Segment’s net sales increased in the first quarter of 2022 compared to the same period in 2021 primarily due to higher average TiO2 selling prices and higher sales volumes. The Chemicals Segment’s TiO2 sales volumes were...

Conference call and webcast on May 5, 2022 at 5 p.m. ET RADNOR, Pa., May 05, 2022 (GLOBE NEWSWIRE) — Safeguard Scientifics, Inc. (NYSE:SFE) (“Safeguard” or the “Company”) today announced financial results for the three months ended March 31, 2022. FIRST QUARTER 2022 HIGHLIGHTSCapital Return     Safeguard repurchased 147,795 shares on the open market at an average price of $5.27 per share, totaling $0.8 million. Safeguard has repurchased $0.4 million of additional shares subsequent to the quarter-end on the open market at an average price of approximately $4.71 per share.Exits & DeploymentsSafeguard funded $2.0 million and $1.4 million of convertible loans to Prognos Health and Clutch Holdings, respectively, as part of financings in which other existing investors also participated.     Safeguard Company PerformanceThe...

Company continues to optimize cell-targeted lipid nanoparticle (ctLNP) delivery system for nonviral genetic medicine applications in liver, retina and vaccines Cash balance of $337.0M expected to fund operations into 2024 CAMBRIDGE, Mass., May 05, 2022 (GLOBE NEWSWIRE) — Generation Bio Co. (Nasdaq: GBIO), a biotechnology company innovating genetic medicines for people living with rare and prevalent diseases, reported business highlights and first quarter 2022 financial results. “We are making steady advances in optimizing our cell-targeted lipid nanoparticles, or ctLNPs, for use in our liver and retina programs as well as in developing our platform technologies for novel vaccine applications,” said Geoff McDonough, M.D., president and chief executive officer of Generation Bio. “We believe our approach to genetic medicine has the...