Day: March 9, 2023

NOT FOR RELEASE OR DISSEMINATION INTO THE UNITED STATES Full Year 2022 Financial Highlights(1):Revenues increased by 19.5% to $3.0 billion Gross Margin at 13.5% EBITDA(2) and Adjusted EBITDA(3) amounted to $203.2 million Net Earnings(4) amounted to $78.7 million Total dividends of $0.56 per share declared(4)Q4 2022 Financial Highlights(1):Revenues of $572.9 million Gross Margin at 14.3% EBITDA(2) and Adjusted EBITDA(3) amounted to $32.9 million Net Earnings(4) amounted to $4.3 million Quarterly dividend of $0.14 per share declared(4)VANCOUVER, British Columbia, March 09, 2023 (GLOBE NEWSWIRE) — Doman Building Materials Group Ltd. (“Doman” or “the Company”) (TSX:DBM; DBM.NT.A) announced today its fourth quarter and full year 2022 financial results(1) for the period ended December 31, 2022. For the year ended December 31,...

CALGARY, Alberta, March 09, 2023 (GLOBE NEWSWIRE) — Total Energy Services Inc. (“Total Energy” or the “Company”) (TSX:TOT) announces its consolidated financial results for the three months and year ended December 31, 2022. Financial Highlights ($000’s except per share data)  Three months ended December 31   Year ended December 31    2022   2021   Change     2022   2021   ChangeRevenue $ 211,479 $ 134,629   57%   $ 759,813 $ 431,576   76%Operating income (loss)   15,605   1,680   829%     49,343   (1,413)   nmEBITDA (1)   35,872   22,567   59%     131,320   86,015   53%Cashflow   38,590   22,144   74%     130,795   80,191   63%Net income (loss)   12,264   1,036   1084%     37,999   (428)   nmAttributable to shareholders   12,244   1,049   1067%     38,008   (360)   nm                         Per...

~ Transformational Acquisition Helped Drive Record Production, Reserves, Revenue, Net Income and Adjusted EBITDA for Full Year 2022 ~ ~ Expects 2023 Annual Sales Volumes to Increase More Than 40% Over 2022 ~ THE WOODLANDS, Texas, March 09, 2023 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for the fourth quarter and full year 2022, including Ring’s year-end 2022 proved reserves. In addition, the Company provided first quarter and full year 2023 operational and capital spending guidance. 2022 Highlights and Recent Key ItemsSignificantly benefited from the Company’s acquisition of the Stronghold Energy assets that closed on August 31, 2022 (the “Stronghold Transaction”); Grew fourth quarter 2022 sales volumes 34% to a record 17,856 barrels of...

CERRITOS, Calif., March 09, 2023 (GLOBE NEWSWIRE) — The Oncology Institute, Inc. (NASDAQ: TOI) (“TOI” or the “Company”), one of the largest value-based community oncology groups in the United States, today reported financial results for its fourth quarter and year ended December 31, 2022. Recent Operational HighlightsCompleted a $110 million strategic investment from Deerfield Management Company, L.P. through secured senior convertible notes on August 9, 2022 Ended the fiscal year 2022 with $132 million in cash, cash equivalents, and investments Increased market count to 15 at year-end from 10 in the prior year, including new markets in California, Florida and Texas Remediated two of the previously disclosed material weaknesses surrounding controls over review of revenue and segregation of duties within the financial close and...

Fourth Quarter Financial Highlights: (comparisons are year over year)Total revenues increased 20.3% year over year to $428.6 million Construction and Material Handling revenue of $269.0 million and $154.3 million, respectively Product Support revenue increased 25.4% year over year with Parts Sales increasing by $13.1 million and Service Revenue increasing by $9.9 million Net loss of $(1.5) million available to common stockholders compared to $(1.3) million in 2021 Basic and diluted net loss per share of $(0.05) compared to $(0.04) in 2021 Adjusted basic and diluted net income per share* of $0.04 for both 2022 and 2021 Adjusted EBITDA* grew 15.7% to $42.7 million compared to $36.9 million in 2021 In December 2022, the Company entered into an agreement to purchase the assets of M&G Materials Handling Co. (“M&G”),...

Conference call and webcast on March 9, 2023 at 5 p.m. ET RADNOR, Pa., March 09, 2023 (GLOBE NEWSWIRE) — Safeguard Scientifics, Inc. (NASDAQ: SFE) (“Safeguard” or the “Company”) today announced financial results for the three months and year ended December 31, 2022. 2022 HIGHLIGHTSExits & DeploymentsDuring the fourth quarter, Safeguard funded convertible loans of $0.5 million to meQuilibrium and $0.1 million from its subordinated line of credit to Trice Medical. Safeguard also funded an additional $0.25 million to Trice subsequent to the year-end pursuant to the same arrangement. Safeguard’s annual deployments totaled $5.7 million, as compared to the full year 2022 estimated deployments of $5 million to $9 million.Safeguard Company PerformanceThe aggregate trailing twelve-month revenues ending September 30, 2022...

Balance Sheet and Liquidity Remain Strong Significant Improvement in Cash Provided by Operating Activities Revenue Growth in NA and EU Fenestration Segments, Excluding FX Impact Integration of LMI Custom Mixing Assets on Track Cautiously Optimistic on Second Half of 2023 Positive Long-Term View on Residential Housing Market Remains Intact HOUSTON, March 09, 2023 (GLOBE NEWSWIRE) — Quanex Building Products Corporation (NYSE:NX) (“Quanex” or the “Company”) today announced its results for the three months ended January 31, 2023.   The Company reported the following selected financial results:      Three Months Ended January 31,($ in millions, except per share data)     2023   2022Net Sales     $261.9   $267.0Gross Margin     $51.8   $55.2Gross Margin %     19.8%   20.7%Net Income     $1.9   $11.2Diluted EPS     $0.06   $0.34           Adjusted...

Dallas, Texas, March 09, 2023 (GLOBE NEWSWIRE) — Valhi, Inc. (NYSE: VHI) reported a net loss attributable to Valhi stockholders of $9.4 million, or $.33 per share, in the fourth quarter of 2022 compared to net income of $52.0 million, or $1.83 per share, in the fourth quarter of 2021. For the full year of 2022, Valhi reported net income attributable to Valhi stockholders of $90.2 million, or $3.16 per share compared to net income of $127.2 million, or $4.46 per share for the full year of 2021. Net income attributable to Valhi stockholders decreased in the fourth quarter of 2022 and the full year of 2022 compared to the same periods in 2021 primarily due to the effects of lower operating results from our Chemicals Segment and our Real Estate Management and Development Segment further discussed below. The Chemicals Segment’s net...

Florida Passes Historic Tort ReformsFourth Quarter Gross Loss Ratio Declined to 39.4% TAMPA, Fla., March 09, 2023 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, reported net income of $2.7 million, or $0.18 diluted earnings per share in the fourth quarter of 2022, compared with net income of $1.4 million, or $0.01 diluted earnings per share, in the fourth quarter of 2021. Adjusted net income (a non-GAAP measure which excludes net unrealized gains or losses on equity securities) for the fourth quarter of 2022 was $1.6 million, or $0.06 diluted earnings per share, compared with adjusted net loss of $0.1 million, or $0.14 loss per share, in the fourth quarter of 2021. This press release includes an explanation...

WAYZATA, Minn., March 09, 2023 (GLOBE NEWSWIRE) — Trean Insurance Group, Inc. (Nasdaq: TIG) (“Trean” or the “Company”), a leading provider of products and services to the specialty insurance market, today reported results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter and Full Year 2022 HighlightsAnnounced definitive merger agreement with affiliates of Altaris, LLC (collectively with its affiliates, “Altaris”), which currently owns approximately 47% of Trean’s outstanding common stock. The transaction is expected to close during the first half of 2023, subject to certain closing conditions, including obtaining approval of a majority of the outstanding shares of Trean common stock held by stockholders that are not affiliated with Altaris and receiving certain regulatory approvals. Gross written premiums...