Month: May 2022

CVG Reports First Quarter 2022 Results

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

Quarterly Sales of $244.4 million, EPS $0.12, Adjusted EPS $0.16 NEW ALBANY, Ohio, May 04, 2022 (GLOBE NEWSWIRE) — CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its first quarter ended March 31, 2022. First Quarter 2022 Highlights (Compared with prior-year period, where comparisons are noted)Sales of $244.4 million. Net income of $4.0 million, or $0.12 per diluted share. Adjusted net income of $5.3 million, or $0.16 per diluted share. Operating Income of $8.4 million, adjusted operating income of $9.5 million. Adjusted EBITDA of $13.5 million, and adjusted EBITDA margin of 5.5%. 14 new business wins worth an estimated $89 million of net new annualized business.CVG continues to execute its Leadership Strategy, and is making substantial progress. Win New Business....

GXO Logistics Reports First Quarter 2022 Results

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

HighlightsFirst quarter revenue of $2.1 billion, up 14% year-over-year; including organic revenue growth¹ of 19%; net income attributable to GXO of $37 million; and adjusted EBITDA¹ of $155 million; 167% growth in diluted EPS and 59% growth in adjusted diluted EPS¹ GXO raises full-year 2022 guidance and introduces adjusted diluted EPS¹ guidance: 2022 organic revenue growth¹ raised to 11-15% year-over-year; full-year adjusted diluted EPS¹ guidance of $2.70-$2.90 implying growth of 29-39%Business HighlightsRecord first quarter new business wins; over $1 billion of incremental revenue contracted for 2022, equivalent to 13% of 2021 revenue Incremental revenue of approximately $217 million already contracted for 2023 Robust sales pipeline of $2.5 billion, 20% increase year-over-year Revenue retention rate in the mid-to-high 90s since...

Lamar Advertising Company Announces Acquisition of Burkhart Advertising

Written by Customer Service on May 4, 2022. Posted in Mergers And Acquisitions.

BATON ROUGE, La., May 04, 2022 (GLOBE NEWSWIRE) — Lamar Advertising Company (Nasdaq: LAMR), an owner and operator of outdoor advertising and logo sign displays, announced today that it has acquired Burkhart Advertising Inc. in Indiana. The purchase, which closed today, includes more than 1,500 billboard structures and 3,200 billboard faces, including 23 digital displays, in 38 counties across northern Indiana. Burkhart is the leading out-of-home advertising provider in communities such as South Bend, Fort Wayne, Elkhart, Muncie and Lafayette. Lamar purchased Burkhart Advertising from members of the Burkhart/Miller family, third-generation descendants of company founders Charles and Elinor Burkhart. The Burkharts established the company in South Bend in 1964 after posting signs around the community reading “I believe in South Bend”...

Tree Island Steel Announces First Quarter 2022 Results

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

VANCOUVER, British Columbia, May 04, 2022 (GLOBE NEWSWIRE) — Tree Island Steel (”Tree Island” or the ”Company”) (TSX: TSL) announced today its financial results for the three months ended March 31, 2022. For the three‐month period ended March 31, 2022, revenues increased by $25.9 million to $92.7 million as pricing increases across all market segments allowed us to recover escalating costs. Gross profit for the first quarter increased to $20.8 million, from $12.6 million in the same period in 2021. Adjusted EBITDA amounted to $18.8 million, compared to $10.7 million during the same period in 2021. Inflationary cost increases continued in the quarter, led by key raw materials, namely steel wire rod and zinc, as well as freight, labour and utilities. Increased selling prices recovered these costs in the period....

SJI Reports First Quarter 2022 Results

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

Acquisition Proceeding on Track FOLSOM, NJ , May 04, 2022 (GLOBE NEWSWIRE) —Investor Contact:Daniel Fidell609-561-9000 x7027dfidell@sjindustries.com Media Contact:Dominick DiRocco609-561-9000 x4262ddirocco@sjindustries.comSJI Reports First Quarter 2022 ResultsAcquisition Proceeding on Track FOLSOM, NJ (May 4, 2022) – SJI (NYSE: SJI) today reported operating results for the first quarter ended March 31, 2022. Highlights include:Q1 2022 GAAP earnings $1.08 per diluted share compared to $1.26 per diluted share in 2021 Economic Earnings* $1.25 per diluted share compared to $1.26 per diluted share in 2021 First quarter EPS reflect increased profitability from both Utility and Non-Utility operations offset by the impact of financing activities Acquisition by Infrastructure Investment Fund (IIF)...

Gildan Activewear Reports Record Results for the First Quarter of 2022

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

(all amounts are in U.S. dollars except where otherwise indicated)(1) Please refer to “Definition and reconciliation of non-GAAP financial measures” in this press releaseRecord first quarter sales of $775 million, up 31% over prior year driven by strong demand Operating margin of 20.9%, adjusted operating margin1 of 20.4% up from 18.7% last year Record GAAP diluted EPS of $0.77, adjusted diluted EPS1 of $0.76 up 58% over Q1 2021 Continued execution on capital allocation priorities, including more than 5 million shares repurchased in the quarter Sustainability-Linked Loan launched during the first quarter reinforcing strong commitment to ESG targetsMONTREAL, May 04, 2022 (GLOBE NEWSWIRE) — Gildan Activewear Inc. (GIL: TSX and NYSE) today announced results for the first quarter ended April 3, 2022. “Record results...

NL REPORTS FIRST QUARTER 2022 RESULTS

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

Dallas, Texas, May 04, 2022 (GLOBE NEWSWIRE) — NL Industries, Inc. (NYSE: NL) today reported net income attributable to NL stockholders of $18.6 million, or $.38 per share, in the first quarter of 2022 compared to net income attributable to NL stockholders of $13.3 million, or $.27 per share, in the first quarter of 2021. NL results include an unrealized gain of $.7 million in the first quarter of 2022 related to the change in value of marketable equity securities compared to an unrealized gain of $6.4 million in the first quarter of 2021. CompX net sales were $42.1 million in the first quarter of 2022 compared to $35.9 million in the first quarter of 2021. CompX net sales increased primarily due to higher Security Product sales across a variety of markets and to a lesser extent higher Marine Components sales primarily to the...

Plains All American Reports First-Quarter 2022 Results

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

HOUSTON, May 04, 2022 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported first-quarter 2022 results and provided the following updates:Reported first-quarter Net income attributable to PAA of $187 million and Net cash provided by operating activities of $340 millionReported strong first-quarter Adjusted EBITDA attributable to PAA of $614 million and increased full-year 2022 Adjusted EBITDA attributable to PAA guidance by $75 million to +/- $2.275 billionForecast Permian gathering volume growth of +/- 280 thousand barrels per day in 2022 (YE-21 to YE-22)Increased annualized common distribution by $0.15 to $0.87 per unit and repurchased $25 million of common units in the first quarter“Our business is off to a positive start in 2022, supported by constructive,...

PDC Energy, Inc. Announces 2022 First Quarter Financial and Operating Results

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

DENVER, May 04, 2022 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq: PDCE) today announced its 2022 first quarter financial and operating results. 2022 First Quarter Highlights:Net cash from operating activities of approximately $489 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined below, of approximately $539 million and oil and gas capital investments of approximately $220 million.Approximately $319 million of adjusted free cash flow (“FCF”), a non-U.S. GAAP metric defined below.Returned $110 million of capital to shareholders through the repurchase of approximately 1.3 million shares of common stock outstanding and its base dividend.Total production of 17.9 million barrels of oil equivalent (“MMBoe”) or approximately 199,000 Boe per day and oil production of 5.9 million...

Nephros Announces Results for Quarter Ended March 31, 2022

Written by Customer Service on May 4, 2022. Posted in Earnings Releases And Operating Results.

First Quarter Net Revenue of $2.2 Million;Active Customer Sites Climb 17% to New Record SOUTH ORANGE, NJ, May 04, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Nephros, Inc. (Nasdaq: NEPH), a leading water technology company providing filtration and pathogen detection solutions to the medical and commercial markets, today announced financial results for the first quarter ended March 31, 2022. Financial Highlights Water Filtration Business Segment Highlights*Net revenue of $2.2 million, a decrease of 21% Net loss of $1.4 million, compared to $0.2 million Adjusted EBITDA of ($1.0 million), compared with ($0.3) millionConsolidated Highlights*Net revenue of $2.2 million, a decrease of 20% Net loss of $2 million, compared to $0.5 million Adjusted EBITDA of ($1.5 million), compared to ($0.7 million)*Stated performance...

Month: May 2022

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