Month: July 2022

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...

Sinch initiates search for new CEO

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

Stockholm, Sweden – July 20, 2022 – Sinch AB (publ), a global leader in cloud communications and mobile customer engagement, today announced that Sinch CEO Oscar Werner steps down from his position, effective as of today’s date. The board of directors has appointed Johan Hedberg as interim CEO and will now initiate the search for a new CEO. Johan Hedberg is one of the company’s founders and was CEO from 2010 to 2018. Over the past few years, Sinch has combined organic growth and strategic acquisitions to establish a leading position in the global market for cloud communications and customer engagement. The company has broadened its product offering and increased revenues by 7x since 2018. In light of a changing market environment with weaker macroeconomic sentiment, and with an increased focus on integration, consolidation and cost efficiency,...

First Lady of Ukraine Accepts Computer Donation from HP Inc. for Ukrainian Children and Healthcare Workers

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

First Lady of Ukraine Accepts Computer Donation from HP Inc. First Lady of Ukraine, Olena Zelenska, met with representatives from HP Inc. and the Global Business Coalition for Education, at the Ukraine House cultural center in Washington, D.C. this week, to accept a donation of technology and learning material headed to Ukraine to support thousands of students, teachers, and healthcare practitioners.Left to right: HP’s Meredith Singer, Ukraine Ambassador Extraordinary and Plenipotentiary of Ukraine to the United States Oksana Markarova, First Lady of Ukraine Olena Zelenska, HP’s Amy Burke, GBC Executive Director of the Global Business Coalition for Education Justin Van Fleet.WASHINGTON, D.C., July 20, 2022 (GLOBE NEWSWIRE) — First Lady of Ukraine, Olena Zelenska, met with representatives from HP Inc. and the Global Business...

Salisbury Bancorp, Inc. Reports Results for Second Quarter 2022; Declares 16 Cent Dividend

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

Second Quarter 2022 Net Income of $0.67 per Basic Common Share Adjusted to Reflect Two-For-One Forward Stock Split Effective on June 30, 2022 Record Loan Growth of $81 million, or 7.6%, in Second Quarter 2022 1 Non-performing Assets were 0.28% of Total Assets at June 30, 2022 Common Equity Tier 1 and Total Capital Ratios of 12.1% and 13.3%, RespectivelyLAKEVILLE, Conn., July 20, 2022 (GLOBE NEWSWIRE) — Salisbury Bancorp, Inc. (“Salisbury”), (NASDAQ Capital Market: “SAL”), the holding company for Salisbury Bank and Trust Company (the “Bank”), announced results for its second quarter ended June 30, 2022. Net income available to common shareholders was $3.8 million, or $0.67 per basic common share, for the second quarter ended June 30, 2022 (second quarter 2022), compared with $3.5 million, or $0.62 per basic common share, for...

Month: July 2022

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