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Day: February 9, 2023

Mohawk Industries Reports Q4 2022 Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

CALHOUN, Ga., Feb. 09, 2023 (GLOBE NEWSWIRE) — Mohawk Industries, Inc. (NYSE: MHK) today announced fourth quarter 2022 net earnings of $33 million and diluted earnings per share (EPS) of $0.52. Adjusted net earnings were $84 million and adjusted EPS was $1.32, excluding restructuring, acquisition and other charges. Net sales for the fourth quarter of 2022 were $2.7 billion, a decrease of 4.0% as reported and 1.3% on a constant currency and days basis. For the fourth quarter of 2021, net sales were $2.8 billion, net earnings were $189 million and EPS was $2.80. Adjusted net earnings were $199 million, and adjusted EPS was $2.95, excluding restructuring, acquisition and other charges. For the twelve months ending December 31, 2022, net earnings and EPS were $25 million and $0.39, respectively. Adjusted net earnings excluding restructuring,...

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Brookmount Gold Corp. (Brookmount Explorations, Inc.) Enters Into a Binding Agreement to Acquire a Producing Gold Mine in Brazil

Written by Customer Service on . Posted in Mergers And Acquisitions.

NEW YORK, Feb. 09, 2023 (GLOBE NEWSWIRE) — The Board of Directors of OTC-listed Company Brookmount Gold (Brookmount Explorations, Inc.) (OTC: BMXI) (BMXI.US) (“Brookmount”) today announced that it has signed a binding Memorandum of Understanding (MoU) to acquire a 75% interest in a producing gold mine located in the state of Tocantins, central Brazil. The acquisition transaction can be summarised as follows: Please find the Tocantins Gold Mine Brazil Presentation https://s3.amazonaws.com/content.otcmarkets.com/media/1882297210/ObucNlUzANZfYBt/doc.pdf Structure:Brookmount will acquire a 75% interest in the Tocantins project from Geoblocks Exploration Ltd (“Geoblocks”), a company incorporated in the UK, which has entered into an irrevocable undertaking to acquire the 75% interest in Tocantins from its Brazilian owners. Acquisition...

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Westland Insurance acquires Niche Assurance Inc. and Heritage Insurance

Written by Customer Service on . Posted in Mergers And Acquisitions.

Westland continues to grow across Canada with acquisitions in QC and SK SURREY, British Columbia/Territories of the Coast Salish (Kwantlen, Katzie, Semiahmoo, Tsawwassen First Nations), Feb. 09, 2023 (GLOBE NEWSWIRE) — Westland Insurance today announced that it acquired Niche Assurance Inc. and Heritage Insurance on February 1. The addition of these brokerages to the Westland family furthers its expansion across Canada. With three locations in Quebec, Niche Assurance is specialist brokerage that focuses on serving the more complex needs of the non-standard condo, residential, and commercial market – including seasonal and unique residential properties – as well as the construction, hospitality and food service sectors. They specialize in less conventional risk, an area Westland continues to expand its capabilities in. It is Westland’s...

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Interpublic Increases Common Stock Dividend for Eleventh Consecutive Year and Announces New Share Repurchase Program

Written by Customer Service on . Posted in Dividend Reports And Estimates.

New York, NY, Feb. 09, 2023 (GLOBE NEWSWIRE) — Interpublic Group (NYSE: IPG) today announced that the company’s Board of Directors has declared a quarterly dividend on IPG common stock of $0.31 per share, payable on March 15, 2023, to holders of record at the close of business on March 1, 2023. The increase in the dividend from $0.29 to $0.31 per share represents a seven percent increase to the Company’s quarterly dividend. Additionally, the company’s Board of Directors authorized a new program to repurchase, from time to time, up to $350 million of IPG common stock. The authorization under the new program is in addition to any amounts remaining for repurchase under the program announced in 2022. Repurchases under the new program may be effected through open market purchases, trading plans established in accordance with SEC...

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