Month: March 2023

STRACON Group Expands into Chile with the Acquisition of AMECO’s Asset Management and Equipment Rental Service

Written by Customer Service on March 14, 2023. Posted in Mergers And Acquisitions.

TORONTO, March 14, 2023 (GLOBE NEWSWIRE) — STRACON Group (“STRACON” or “the Group”), a leading mining services group focused on North and South America, majority owned by global asset manager Ashmore Group plc (LSE: ASHM), today expanded its geographic reach and service offerings into Chile, the world’s top copper producer, through the acquisition of AMECO South America (“AMECO”) from Fluor Corporation (the “Acquisition”). Terms of the transaction were not disclosed. AMECO is an equipment rental business that manages a fleet of approximately 1,000 specialty assets that are used by mining sector clients. AMECO’s business is concentrated in Chile where it serves a portfolio of clients that include significant copper producers such as Antofagasta Minerals, BHP, Capstone Copper, Codelco and Lumina Copper. In addition to being the world’s...

CIIG Capital Partners II, Inc. Announces Intention of Sponsor to Deposit Funds to Extend Period to Consummate Initial Business Combination

Written by Customer Service on March 14, 2023. Posted in Mergers And Acquisitions.

NEW YORK, March 14, 2023 (GLOBE NEWSWIRE) — CIIG Capital Partners II, Inc. (Nasdaq: CIIG) (“CIIG II” or the “Company”) today announced that CIIG Management II LLC (the “Sponsor”) has notified the Company of its intention to deposit an aggregate of $2,875,000 into the Company’s trust account, representing $0.10 per public share, on or prior to March 17, 2023 (the “Deposit”). The Deposit is required to extend the period of time the Company has to consummate an initial business combination by a period of six months from March 17, 2023, the current deadline, to September 17, 2023 (the “Extension”). The Extension is permitted under the Company’s governing documents. Proposed Business Combination On November 22, 2022, Zapp Electric Vehicles Limited (“Zapp”) and CIIG II, announced that they have entered into a definitive merger agreement...

Dewmar International Announces the Public Availability of Its Disclosure Document and Its Financial Statement for the Year Ended December 31, 2022

Written by Customer Service on March 14, 2023. Posted in Earnings Releases And Operating Results.

NEW YORK, NY, March 14, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – Dewmar International BMC, Inc. announced today that its complete disclosure statements and financial reports for the year ended December 31, 2022 is available for download on its website. The file is not password protected and anyone can view the disclosure statements and financial statements by simply clicking on the download button. To view the complete reports, simply visit https://dewmarinternational.com and click on Financials on the top navigation row or click on the following link. https://dewmarinternational.com/financials This press release is not an offer to sell or a solicitation of an offer to buy securities. Donald Hunter, Chairman and Chief Executive Officer of Dewmar, commented, “We are announcing this required information to be deemed to be providing...

FutureFuel Releases 2022 Results

Written by Customer Service on March 14, 2023. Posted in Earnings Releases And Operating Results.

Reports Net Income of $15.2 Million or $0.35 per Diluted Share, and Adjusted EBITDA of $52.5 Million CLAYTON, Mo., March 14, 2023 (GLOBE NEWSWIRE) — FutureFuel Corp. (NYSE: FF) (“FutureFuel”), a manufacturer of custom and performance chemicals and biofuels, today announced financial results for the fourth quarter and year ended December 31, 2022. Fourth Quarter 2022 Financial Highlights (all comparisons are with the fourth quarter of 2021)Revenues were $117.8 million, up 10% from $107.1 million. Net income decreased to $14.9 million, or $0.34 per diluted share, from $22.3 million, or $0.51 per diluted share. Adjusted EBITDA* was $16.9 million, down 35% from $25.9 million.2022 Financial Highlights (all comparisons are with the year ended December 31, 2021)Revenues were $396.0 million, up 23% from $321.4 million. Net income...

Porch Group Reports Fourth Quarter 2022 Results

Written by Customer Service on March 14, 2023. Posted in Earnings Releases And Operating Results.

– Reports $64.1 Million of Revenue, Growth of 24% Year-Over-Year – Insurance Segment continues strong growth, with atypical fourth-quarter weather impacting Adjusted EBITDA SEATTLE, March 14, 2023 (GLOBE NEWSWIRE) — Porch Group, Inc. (“Porch Group” or “the Company”) (NASDAQ: PRCH), a leading vertical software company reinventing the home services and insurance industries, today reported fourth-quarter results for the Company as of December 31, 2022, with revenues of $64.1 million, compared to fourth-quarter 2021 revenues of $51.6 million. For the year ended December 31, 2022, Porch Group reported revenues of $275.9 million, compared to $192.4 million in 2021. CEO Summary “I am proud of the work and contributions from the entire Porch team in 2022 as we dealt with impacts of inflation, challenging capital markets, unusual...

Orion Group Holdings Reports Fourth Quarter And Full Year 2022 Results

Written by Customer Service on March 14, 2023. Posted in Earnings Releases And Operating Results.

Awarded $448 million contract with the United States Navy as part of joint venture; Year-to-date contract wins total over $582 million Announces three point strategic plan to continuously improve financial performance HOUSTON, March 14, 2023 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the fourth quarter and full year ended December 31, 2022. Highlights for the quarter ended December 31, 2022:Contract revenues increased 20.9% to $196.2 million from $162.3 million in the fourth quarter last year Operating loss was $3.5 million, a substantial improvement from the $8.2 million loss in the prior year period Net loss was $4.9 million or $0.15 per diluted share, compared to a net loss of $8.8 million or $0.29 per diluted...

GeneDx Reports Fourth Quarter and Full Year 2022 Financial Results and Business Highlights

Written by Customer Service on March 14, 2023. Posted in Earnings Releases And Operating Results.

Financial results are in line with previously announced preliminary 2022 results; Reiterating 2023 guidance, including total revenue of $205-220 million Completed financing in January 2023 with $150 million in expected proceeds; fully funded to expected profitability in 2025 GeneDx to host conference call today at 4:30 p.m. ET STAMFORD, Conn., March 14, 2023 (GLOBE NEWSWIRE) — GeneDx Holdings Corp. (Nasdaq: WGS) (“GeneDx” or the “Company”), a leader in delivering improved health outcomes through genomic and clinical insights, today reported its financial results for the fourth quarter and full year ended December 31, 2022. “Entering 2023 with a new corporate strategy and a focus on delivering profitable growth, our team is uniquely positioned to enable precision medicine by combining the power of scalable genomic sequence analysis...

Washington Water Service Finalizes Acquisition of Bethel Greenacres Water Association

Written by Customer Service on March 14, 2023. Posted in Mergers And Acquisitions.

GIG HARBOR, Wash., March 14, 2023 (GLOBE NEWSWIRE) — Following approval by the Washington Utilities and Transportation Commission (WUTC) in February 2023, Washington Water Service (Washington Water)—a subsidiary of California Water Service Group (Group)—has closed the acquisition of Bethel Greenacres Water Association’s water system assets. The Bethel Greenacres system includes 200 residential customer connections in Graham, Wash., adjacent to Washington Water’s East Pierce system. Washington Water has been serving Bethel Greenacres customers through an operation and maintenance agreement since September 2022. The utility plans to continue investing in the Bethel Greenacres system to support the provision of safe, reliable water service to its customers for their everyday and emergency needs, both now and in the future. “We appreciate...

Sigilon Therapeutics Reports Fourth Quarter and Full Year 2022 Financial Results and Business Highlights

Written by Customer Service on March 14, 2023. Posted in Earnings Releases And Operating Results.

Advancing IND-enabling activities for lead program in diabetes, SIG-002, with plans to conduct non-human primate studies in second half of 2023 SIG-002 demonstrated efficacy and durability in in vivo mouse models for up to 17 weeks Extended anticipated cash runway into 2025 CAMBRIDGE, Mass., March 14, 2023 (GLOBE NEWSWIRE) — Sigilon Therapeutics, Inc. (NASDAQ: SGTX), a biotechnology company that seeks to develop functional cures for chronic diseases through its Shielded Living Therapeutics™ platform, today reported financial results for the fourth quarter and year ended December 31, 2022 as well as certain other business highlights. “Reflecting on 2022, we made many important strategic decisions that will help shape the future of our Company, including conducting research that informed the optimization of our SLTx platform,...

Nanobiotix to Provide Operational Update and Report Full Year 2022 Financial Results on March 28, 2023

Written by Customer Service on March 14, 2023. Posted in Earnings Releases And Operating Results.

Conference Call and Webcast to be Held at 2:00 P.M CET/8:00 A.M. EDT on March 29, 2023 PARIS and CAMBRIDGE, Mass., March 14, 2023 (GLOBE NEWSWIRE) — NANOBIOTIX (Euronext: NANO –– NASDAQ: NBTX – the ‘‘Company’’), a late-stage clinical biotechnology company pioneering physics-based approaches to expand treatment possibilities for patients with cancer, today announces that it will provide an operational update and report its financial results for full-year ending December 31, 2022, on Tuesday, March 28, 2023, after the close of the US market. This release will be followed by a conference call and live audio webcast on Wednesday, March 29, 2023, at 2:00 PM CET/8:00 AM EDT, prior to the open of the US market. During the call, Laurent Levy, chief executive officer, and Bart Van Rhijn, chief financial officer, will briefly review the...

Month: March 2023

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