Month: May 2022

1Q Reported Net Income of $81.5 Million 1Q Adjusted Net Income of $88.8 Million 1Q Adjusted EBITDA of $202.8 Million $100.0 Million of Share RepurchasesPURCHASE, N.Y., May 05, 2022 (GLOBE NEWSWIRE) —  Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced first-quarter 2022 net income of $81.5 million, or $2.38 per diluted share, compared with  $89.9 million, or $3.05 per diluted share, in 2021 (which included $40.9 million, $31.9 million after tax, of CARES Act grant income). On an adjusted basis, EBITDA totaled $202.8 million in the first quarter of 2022 compared with $181.3 million in the prior-year period. For the three months ended March 31, 2022, adjusted net income totaled $88.8 million, or $2.99 per diluted share, compared with $72.2 million, or $2.45 per diluted share, in 2021. “We are off to an excellent...

Consolidated sales increased 80.2% from prior year period Operating income increased 144.3% ATCHISON, Kan., May 05, 2022 (GLOBE NEWSWIRE) — MGP Ingredients, Inc. (Nasdaq:MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today reported results for the first quarter ended March 31, 2022.2022 first quarter consolidated results compared to 2021 first quarterSales increased 80.2% to $195.2 million, as a result of sales growth in each of the reporting segments. Gross profit increased 122.4% to $71.8 million, representing 36.8% of sales. Operating income increased 144.3% to $50.1 million; adjusted operating income increased 123.7% to $50.1 million. Net income increased 142.2% to $37.4 million; adjusted net income increased 117.3% to $37.4 million. Adjusted EBITDA increased 115.2% to...

Company Increases Full-Year 2022 Guidance MIAMI, May 05, 2022 (GLOBE NEWSWIRE) — Laureate Education, Inc. (NASDAQ: LAUR), which operates five universities across Mexico and Peru, today announced financial results for the first quarter of 2022. First Quarter 2022 Highlights (compared to first quarter 2021):New enrollments increased 9%. Total enrollments increased 11%. On a reported basis, revenue increased 8% to $209.6 million. On an organic constant currency basis1, revenue increased 9%. Operating income for the three months ended March 31, 2022 was $9.0 million, compared to operating loss of $(86.4) million for the three months ended March 31, 2021, which was mainly driven by impairment charges of $56.7 million that were largely attributable to impairment of the Laureate tradename. Net loss for the three months ended March 31,...

MACAU, May 05, 2022 (GLOBE NEWSWIRE) — Studio City International Holdings Limited (NYSE: MSC) (“Studio City” or the “Company”), a world-class integrated resort located in Cotai, Macau, today reported its unaudited financial results for the first quarter of 2022. Total operating revenues for the first quarter of 2022 were US$12.0 million, compared to total operating revenues of US$28.6 million in the first quarter of 2021. The change was primarily attributable to heightened border restrictions in Macau related to COVID-19 which led to a decrease in revenues from the provision of gaming related services and lower non-gaming revenues. Revenues from the provision of gaming related services are derived from the provision of facilities for the operations of the Studio City Casino by Melco Resorts (Macau) Limited (the “Gaming Operator”),...

Total Digital Revenue(1) was $58M in the quarter (+33% YOY)Digital-only subscribers total 492,000 (+59% YOY)Digital Advertising Revenue totaled $43M in the quarter (+36% YOY)Amplified Digital® revenue grew 108% and totaled $57M over the last twelve months   DAVENPORT, Iowa , May 05, 2022 (GLOBE NEWSWIRE) — Lee Enterprises, Incorporated (NASDAQ: LEE), a leading provider of high quality, trusted, local news, information and a major platform for advertising in 77 markets, today reported second quarter fiscal 2022 financial results(2) for the period ended March 27, 2022. “Our second quarter results demonstrate the investments in our Three Pillar Digital Growth strategy are paying off with tremendous digital revenue growth. Execution of our strategy has put Lee in position to achieve our digital revenue targets for the fiscal year;...

Consolidated sales increased 80.2% from prior year period Operating income increased 144.3% ATCHISON, Kan., May 05, 2022 (GLOBE NEWSWIRE) — MGP Ingredients, Inc. (Nasdaq:MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today reported results for the first quarter ended March 31, 2022.2022 first quarter consolidated results compared to 2021 first quarterSales increased 80.2% to $195.2 million, as a result of sales growth in each of the reporting segments. Gross profit increased 122.4% to $71.8 million, representing 36.8% of sales. Operating income increased 144.3% to $50.1 million; adjusted operating income increased 123.7% to $50.1 million. Net income increased 142.2% to $37.4 million; adjusted net income increased 117.3% to $37.4 million. Adjusted EBITDA increased 115.2% to...