Day: July 20, 2022

America First Multifamily Investors, L.P. Announces Sale of Vantage at O’Connor

Written by Customer Service on July 20, 2022. Posted in Mergers And Acquisitions.

OMAHA, Neb., July 20, 2022 (GLOBE NEWSWIRE) — America First Multifamily Investors, L.P. (NASDAQ: ATAX) (the “Partnership”) announced today that on July 18, 2022, Vantage at Westover Hills, a 288-unit market rate multifamily property located in San Antonio, TX, was sold at the direction of the managing member of Vantage at O’Connor LLC (the “Property Owner”). The Partnership’s investment in the property was originated in October 2019 and the Partnership contributed equity totaling $7.4 million during construction. As a result of the sale, the Partnership’s equity investment in the Property Owner was redeemed. At closing of the sale, the Partnership received net cash of approximately $19.4 million, inclusive of the return of its contributed equity. The Partnership will recognize the following in the third quarter of 2022:Gain on...

Emclaire Financial Corp. Receives Shareholder Approval For Merger with Farmers National Banc Corp.

Written by Customer Service on July 20, 2022. Posted in Mergers And Acquisitions.

CANFIELD, Ohio and EMLENTON, Pa., July 20, 2022 (GLOBE NEWSWIRE) — Farmers National Banc Corp. (“Farmers”) (NASDAQ: FMNB), the holding company for The Farmers National Bank of Canfield (“Farmers Bank”), and Emclaire Financial Corp. (“Emclaire”) (NASDAQ: EMCF), the holding company for The Farmers National Bank of Emlenton (“Emlenton Bank”), announced today that the shareholders of Emclaire have voted to approve the Agreement and Plan of Merger, dated March 23, 2022 (the “Merger Agreement”), providing for the merger (the “Merger”) of Emclaire with and into FMNB Merger Subsidiary V, LLC, a newly-formed, wholly-owned subsidiary of Farmers, with more than 98% of the votes being cast in favor of approving the Merger Agreement. “I would like to thank the Emclaire shareholders for their approval of this merger. We believe this demonstrates...

Concentrix Closes Acquisition of ServiceSource, a Global B2B Digital Sales Company

Written by Customer Service on July 20, 2022. Posted in Mergers And Acquisitions.

NEWARK, Calif., July 20, 2022 (GLOBE NEWSWIRE) — Concentrix Corporation (Nasdaq: CNXC), a leading global provider of customer experience (CX) solutions and technologies, has closed its recently announced acquisition of ServiceSource International, Inc., a global market leader in B2B digital sales. This transaction positions Concentrix for greater expertise in B2B sales capabilities on a global scale, further enhancing its portfolio of offerings and ability to deliver stronger returns for some of the most innovative technology and new economy brands in the world. “We’re excited to welcome the ServiceSource staff to the Concentrix team,” said Chris Caldwell, President and CEO, Concentrix. “We believe that by adding these highly complementary solutions and capabilities we are able to broaden our service offerings and address new and...

Richardson Electronics Reports Fourth Quarter Fiscal 2022 Net Income of $8.3 Million and Fiscal Year 2022 Net Income of $17.9 Million; Declares Quarterly Cash Dividend

Written by Customer Service on July 20, 2022. Posted in Dividend Reports And Estimates.

Eighth Consecutive Quarter of Sequential Revenue Growth; Fiscal Year 2022 revenue growth of 26.9% over Fiscal Year 2021 Fourth Quarter HighlightsNet sales of $61.6 million were up 22.1% from last year’s fourth quarter with increases in all three business units. Backlog increased to $206.2 million in the fourth quarter versus $175.6 million at the end of the third quarter and $110.0 million at the end of the fourth quarter of last fiscal year. Gross margin was 32.7% of net sales for the fourth quarter of fiscal 2022 versus 32.4% of net sales in the prior year’s fourth quarter. Operating income was $5.0 million for the fourth quarter of fiscal 2022 compared to an operating income of $2.3 million in the fourth quarter of fiscal 2021. A non-cash income tax benefit of $3.5 million for the fourth quarter of fiscal 2022 resulted from the $4.0...

Denny’s Corporation Completes Acquisition of Keke’s Breakfast Café

Written by Customer Service on July 20, 2022. Posted in Mergers And Acquisitions.

SPARTANBURG, S.C., July 20, 2022 (GLOBE NEWSWIRE) — Denny’s Corporation (NASDAQ: DENN), franchisor and operator of one of America’s largest franchised full-service restaurant chains, today announced the completion of its acquisition of Keke’s Breakfast Café from K2 Restaurants, Inc. together with other sellers and principals party thereto. Denny’s acquired certain assets and assumed certain liabilities of the franchise business, Keke’s Breakfast Café, along with eight restaurants owned and operated by the sellers. The purchase price of $82.5 million was settled by utilizing cash on hand as well as funds from the company’s revolving credit facility. “We are excited to officially welcome the Keke’s Breakfast Café team and franchisees to the Denny’s family,” said Kelli Valade, Chief Executive Officer and President. “The A.M....

Kinetik Announces Second Quarter Dividend, Financial Results Timing, and the Full Redemption of its Series A Preferred

Written by Customer Service on July 20, 2022. Posted in Dividend Reports And Estimates.

HOUSTON and MIDLAND, Texas, July 20, 2022 (GLOBE NEWSWIRE) — Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) today declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the second quarter ended June 30, 2022. The announced quarterly dividend is consistent with prior communications and will be paid on Wednesday, August 17, 2022 to shareholders of record as of close on Friday, August 5, 2022. Kinetik will host its second quarter 2022 results conference call Wednesday, August 10, 2022 at 8:00 am Central Daylight Time (9:00 am Eastern Daylight Time) to discuss second quarter results. The Company will issue its earnings release and updated 2022 Guidance after market on Tuesday, August 9, 2022. The text of the earnings release, the accompanying presentation and link to the live webcast will...

NVE Corporation Reports First Quarter Results and Announces Quarterly Dividend

Written by Customer Service on July 20, 2022. Posted in Dividend Reports And Estimates.

EDEN PRAIRIE, Minn., July 20, 2022 (GLOBE NEWSWIRE) — NVE Corporation (Nasdaq: NVEC) announced today financial results for the quarter ended June 30, 2022. Total revenue for the first quarter of fiscal 2023 increased 3% to $7.34 million from $7.15 million for the prior-year quarter. Net income for the first quarter of fiscal 2023 increased 16% to $4.14 million, or $0.86 per diluted share, compared to $3.58 million, or $0.74 per share, for the prior-year quarter. The company also announced a quarterly cash dividend to shareholders of $1.00 per share of common stock, payable August 31, 2022 to shareholders of record as of August 1, 2022. “We are pleased to report strong earnings growth for the quarter,” said NVE President and Chief Executive Officer Daniel A. Baker, Ph.D. NVE is a leader in the practical commercialization of spintronics,...

Freddie Mac: Market Slowdown will Continue as High Rates and Prices Exacerbate Affordability Challenges

Written by Customer Service on July 20, 2022. Posted in Public Companies.

Company Releases Quarterly Forecast MCLEAN, Va., July 20, 2022 (GLOBE NEWSWIRE) — According to Freddie Mac (OTCQB: FMCC), rising mortgage rates and house price appreciation will continue driving a slowdown in the single-family purchase market. A new Quarterly Forecast released by the company’s Chief Economist predicts that homebuyer demand will moderate, rebalancing from the hot housing market of the last two years to a more normal pace of activity. “The Federal Reserve’s action to help manage inflation has created significant volatility in mortgage rates and, by extension, the housing market,” said Sam Khater, Freddie Mac’s Chief Economist. “Although house price appreciation will grow at a more moderate rate, home prices remain high relative to homebuyer incomes. Taken together, these factors are exacerbating affordability challenges...

Synthetic Leather Market Size is projected to reach USD 67.23 billion by 2030, growing at a CAGR of 7.91%: Straits Research

Written by Customer Service on July 20, 2022. Posted in Earnings Releases And Operating Results.

The global synthetic leather market size was valued at USD 31.89 billion in 2021. It is expected to reach a valuation of USD 67.23 billion by 2030, growing at a CAGR of 7.91% during the forecast period (2022–2030). Asia-Pacific and Europe are the two most important markets for synthetic leather, accounting for an estimated CAGR of 8.95% and 6.75%, respectively, during the forecast period. New York, United States, July 20, 2022 (GLOBE NEWSWIRE) — Synthetic leather also called artificial leather, substitutes leather in applications such as upholstery, clothing, footwear, and other areas where a leather-like finish is sought. Still, the actual material is too expensive or unsuitable. Leatherette, faux leather, imitation leather, vegan leather, PU leather, and pleather are used to describe artificial leather. Clothing textiles, furniture...

Proactive news headlines including Elon Musk, Twitter, Nova Royalty, Progressive Planet Solutions, Royal Fox Gold, Kenorland Minerals and Avicanna

Written by Customer Service on July 20, 2022. Posted in Mergers And Acquisitions.

New York , July 20, 2022 (GLOBE NEWSWIRE) — Proactive, provider of real-time news and video interviews on growth companies listed in the US and Canada, has covered the following companies:Elon Musk loses first round in legal battle with Twitter click here Altamira Gold says soil sampling revealed a second copper-in-soil anomaly at its Santa Helena project in Brazil click here AIM ImmunoTech hails positive data from program evaluating Ampligen as maintenance therapy for pancreatic cancer click here Kenorland Minerals options Tanacross copper-gold project to Antofagasta click here Progressive Planet Solutions files patent application for under development PozGlass 100G product click here DGTL Holdings signs up three high-profile brands for its flagship data analytics platform, TotalSocial click here SoLVBL Solutions says former...

Day: July 20, 2022

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