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Day: April 20, 2023

Virtu Announces First Quarter 2023 Results

NEW YORK, April 20, 2023 (GLOBE NEWSWIRE) — Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of financial services and products that leverages cutting edge technology to deliver innovative, transparent trading solutions to its clients and liquidity to the global markets, today reported results for the first quarter ended March 31, 2023. First Quarter 2023:Net income of $110.1 million; Net income margin of 29.5%; Normalized Adjusted Net Income1 of $127.6 million Basic and diluted earnings per share of $0.56; Normalized Adjusted EPS1 of $0.74 Total revenues of $610.5 million; Trading income, net, of $411.5 millionAdjusted Net Trading Income1 of $373.1 millionAdjusted EBITDA1 of $207.5 million; Adjusted EBITDA Margin1 of 55.6% Share buybacks of $75.6 million, or 3.9 million shares, under the Share Repurchase Program2Highlights...

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Sandy Spring Bancorp Reports First Quarter Earnings of $51.3 Million

OLNEY, Md., April 20, 2023 (GLOBE NEWSWIRE) — Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported net income of $51.3 million ($1.14 per diluted common share) for the quarter ended March 31, 2023, compared to net income of $43.9 million ($0.96 per diluted common share) for the first quarter of 2022 and $34.0 million ($0.76 per diluted common share) for the fourth quarter of 2022. Current quarter core earnings were $52.3 million ($1.16 per diluted common share), compared to $45.1 million ($0.99 per diluted common share) for the quarter ended March 31, 2022 and $35.3 million ($0.79 per diluted common share) for the quarter ended December 31, 2022. Core earnings exclude the after-tax impact of amortization of intangibles, investment securities gains or losses and non-recurring or extraordinary...

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Pool Corporation Reports First Quarter Results and Updates 2023 Earnings Guidance

HighlightsNet sales of $1.2 billion exceeded $1.0 billion in the first quarter for the third consecutive year Operating income of $145.8 million with a seasonally strong operating margin of 12.1% Q1 2023 diluted EPS of $2.58 or $2.46 without tax benefits Updates annual earnings guidance range to $14.62 – $16.12 per diluted shareCOVINGTON, La., April 20, 2023 (GLOBE NEWSWIRE) — Pool Corporation (Nasdaq/GSM:POOL) today reported results for the first quarter of 2023 and updated its 2023 earnings guidance. “The outdoor-living industry is larger than ever as the trend over the past three years to enhance outdoor-living spaces added more than 300,000 units to the installed base of in-ground pools. We are privileged to be the leader in a durable industry that grows intrinsically; as new pools are built, demand for products...

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GBT’s intelligent, human vitals qTerm device patent received an issue notification

The patent will be granted on May 2, 2023, and protecting AI based sophisticated, electronic health device SAN DIEGO, April 20, 2023 (GLOBE NEWSWIRE) — GBT Technologies Inc. (OTC PINK: GTCH) (“GBT”, or the “Company”) announced that it received a noticed issue and will be granted on May 2, 2023, U.S. patent number 11,638,523, covering its machine learning-driven, human vitals device, non-provisional patent application, qTerm non-provisional patent was filed on August 3, 2020, describing an intelligent, electronic health device to measure human vitals with a touch of a finger, which was assigned qTerm as an internal project name. GBT successfully completed the development of a fully working prototype in 2022 including robust testing, debugging and a participant study. qTerm’s first release measures body temperature, blood oxygen...

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Verde Bio Holdings Announces Engagement of Investment Bank and Corporate Update

FRISCO, TX, April 20, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – Verde Bio Holdings, Inc. (OTCQB: VBHI) (www.verdebh.com) today announced today that it has engaged a New York based investment banking firm to act as advisor, lead underwriter, and deal manager for any future public offering and simultaneous up-listing as well as highlighting and exposing VBHI to the broader based investment community. Scott Cox, VBHI CEO, declared, “We are very pleased with this opportunity and look forward to a long-term successful investment banking relationship. With VBHI currently trading at approximately 1/5 of its asset value, we believe this relationship will provide us with more exposure to the investment community as well as allowing the Company to scale and grow aggressively due to the long-term expected demand of oil and natural...

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Magna Celebrates a Production Milestone: 500,000 Mercedes G-Class Vehicles

Magna’s Graz Production Facility Magna milestone reached: 500,000 Mercedes G-Class vehicles producedA half a million G-Class vehicles have rolled out of Graz Significant milestone in the long-term partnership with Mercedes-Benz Milestone reflects Magna´s long history as leading contract manufacturerGRAZ, Austria, April 20, 2023 (GLOBE NEWSWIRE) — The Mercedes G-Class is one of the most iconic luxury SUVs globally and has been built by Magna since 1979. The legendary off-road vehicle entered its 44th year of production in Graz, Austria and has reached the historic mark of 500,000 produced vehicles. “A half a million of this iconic vehicle is a significant milestone which underscores Magna’s competencies as a highly flexible and experienced contract manufacturing partner. Our partnership with Mercedes-Benz has been one...

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Tornado Global Hydrovacs Reports 2022 Results Including Record Revenue, EBITDAS, Gross Profit and Net Income

Revenue Increased by 80% Compared to 2021 CALGARY, Alberta, April 20, 2023 (GLOBE NEWSWIRE) — Tornado Global Hydrovacs Ltd. (“Tornado” or the “Company”) (TSX-V: TGH; OTCQX: TGHLF) today reported its audited consolidated financial results for the quarter and year ended December 31, 2022. The audited consolidated financial statements and related management discussion and analysis are available on the Company’s issuer profile in Canada on SEDAR at www.sedar.com, the United States at www.otcmarkets.com and on the Company’s website www.tornadotrucks.com. All amounts reported in this news release are in thousands ($000’s CAD) except per share amounts. Financial and Operating Highlights (in CAD $000’s except per share data)  Three months ended December 31   Year ended December 31    2022     2021       2022     2021             Revenue $ ...

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Sensei Biotherapeutics Announces IND Clearance by U.S. FDA Enabling Phase 1 Initiation for SNS-101, a Conditionally Active VISTA-Blocking Antibody

First patient dose in the Phase 1/2 clinical trial expected in mid-2023 BOSTON, April 20, 2023 (GLOBE NEWSWIRE) — Sensei Biotherapeutics, Inc. (Nasdaq: SNSE), an immuno-oncology company focused on the discovery and development of next-generation therapeutics for cancer patients, today announced that the U.S. Food and Drug Administration (FDA) has cleared its Investigational New Drug (IND) application for SNS-101, a conditionally active VISTA-blocking antibody, paving the way for the Company to conduct a Phase 1/2 clinical trial in patients with solid tumors. “Receiving IND clearance to advance our first conditionally active antibody into a Phase 1/2 clinical trial represents an important milestone for Sensei. We believe that SNS-101 has the potential to make a significant impact in the field and to improve the lives of cancer patients...

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Watsco Reports First Quarter EPS of $2.83 on Record Sales

Entrepreneurial Culture, Industry Scale, Technology Adoption and Regulatory Changes Contribute to Strong Margins and Support Long-Term Growth MIAMI, April 20, 2023 (GLOBE NEWSWIRE) — Watsco, Inc. (NYSE: WSO) announced its operating results for the first quarter ended March 31, 2023 and provided commentary on business trends, growth opportunities, technology innovation and its financial position. Through its entrepreneurial and technology-driven culture, Watsco has established itself as the largest participant in the highly fragmented $50+ billion North American HVAC/R distribution market. Since entering distribution in 1989, sales and operating income have grown at compounded annual growth rates (CAGRs) of 15% and 19%, respectively, reflecting strong and consistent performance across various macroeconomic and industry cycles. Over...

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Blue Water Announces Acquisition of ENTADFI®, an FDA-Approved Benign Prostatic Hyperplasia Asset

Acquisition Transforms the Company into a Broader Pharmaceutical Company Spanning Multiple Sectors Company Announces Corporate Name Change to Underscore Broader Focus Company to Host a Conference call Today, April 20th, at 8:30am EDT to Discuss Asset Purchase and Company Transformation CINCINNATI, April 20, 2023 (GLOBE NEWSWIRE) —  Blue Water Vaccines Inc. (“BWV” or “Blue Water” or the “Company”), today announced the signing of an Asset Purchase Agreement (the “Agreement”) with Veru Inc. (“Veru”) for the purchase of ENTADFI®, an FDA-approved treatment for benign prostatic hyperplasia (“BPH”) that counteracts negative sexual side effects seen in men on alternative BPH therapies. Under this Agreement, Blue Water will purchase ENTADFI® for a total consideration of $100 million, with $20 million upfront, paid in defined tranches...

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