Day: July 10, 2023
NEW YORK, July 10, 2023 (GLOBE NEWSWIRE) — Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company (“BDC”), today announced financial results for its 2024 fiscal first quarter, with Net Investment Income (“NII”) per share up 67% and 105% over last quarter and last year’s first quarter, respectively, and adjusted NII per share up 10% and 104%, respectively, over those same periods. These substantial increases in earnings reflect growth in Assets under Management (“AUM”) and margin improvement from rising rates on Saratoga Investment’s largely floating rate assets, which comprise approximately 99% of the Company’s AUM, while costs of financing liabilities remain largely fixed.
Summary Financial Information
The Company’s summarized financial information is as follows:
For...
CalAmp Reports First Quarter Fiscal Year 2024 Financial Results
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
Gross Margin increases 280 basis points and Adjusted EBITDA remained strong in the quarter at $6.0 million
The Company’s Board of Directors has decided to explore strategic alternatives
IRVINE, Calif., July 10, 2023 (GLOBE NEWSWIRE) — CalAmp (Nasdaq: CAMP), a connected intelligence company that helps organizations monitor, track and protect their vital assets, today reported financial results for its first quarter of fiscal year 2024 ended May 31, 2023.
First Quarter Fiscal Year 2024 Financial OverviewTotal revenue was $70.9 million in the quarter, a $7.6 million decline sequentially and $6.2 million increase year over year.
Software and Subscription Services (S&SS) revenue was $45.0 million in the quarter, down $6.4 million sequentially and up $5.4 million year over year.
Telematics Products revenue was $25.9 million,...
TFI International to Release 2023 Second Quarter Results
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
MONTREAL, July 10, 2023 (GLOBE NEWSWIRE) — TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced that it will release its financial results for the second quarter ended June 30, 2023 via news release on Monday, July 31, 2023 after market close. The company will host a conference call for the investment community with Alain Bédard, Chairman, President and Chief Executive Officer, on Tuesday, August 1, 2023 at 8:30 a.m. Eastern Time, to discuss results. Business media are also invited to listen to the call. Please dial in 10 minutes prior to the start of the call.
Details of conference call:Date: Tuesday, August 1, 2023
Time: 8:30 a.m. Eastern Time
Call-in number: 1-877-704-4453 or 1-201-389-0920A recording of the call will be available until Tuesday,...
TSS, INC. APPOINTS JANET MORRISON, SPHR, GPHR, AS ITS NEW CHIEF PEOPLE OFFICER
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Janet Morrison
TSS, INC. APPOINTS JANET MORRISON, SPHR, GPHR, AS ITS NEW CHIEF PEOPLE OFFICERROUND ROCK, Texas, July 10, 2023 (GLOBE NEWSWIRE) — TSS Inc., a top-tier provider of data center facilities and technology solutions, has appointed Janet Morrison as its new Chief People Officer (CPO), effective July 10, 2023. With this appointment, TSS reaffirms its commitment to a thriving organizational culture and a positive employee experience. Morrison’s impressive credentials as an SPHR and GPHR-certified global HR leader and people developer make her an ideal candidate to support TSS’s growth and success. In her new role, Morrison will oversee the company’s human resources strategy, talent acquisition, employee engagement, corporate communication, and overall organizational development initiatives.
“We...
Aerojet Rocketdyne Develops and Successfully Tests New Solid Rocket Motor for Kratos’ Zeus Program
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Zeus 1 Motor Test
Successful test of the Zeus 1 solid rocket motor for Kratos at Aerojet Rocketdyne’s Camden, Arkansas facilityHUNTSVILLE, Ala., July 10, 2023 (GLOBE NEWSWIRE) — Aerojet Rocketdyne has successfully developed and static-fire tested the Zeus 1, an advanced stage 1 Large Solid Rocket Motor (LSRM) for Kratos. The motor met or exceeded performance expectations.
“Congratulations to the Aerojet Rocketdyne and Kratos teams for this outstanding achievement,” said Eileen P. Drake, Aerojet Rocketdyne CEO and president. “This test validated the robustness of our innovative motor design for an affordable hypersonic application, and further demonstrated our large solid rocket motor capabilities at Camden, where we support multiple industry customers to power various defense programs.”
The motor was developed by Aerojet Rocketdyne...
TC Energy’s Pumped Storage Project moving to final evaluation
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Made-in-Ontario: a solution to accelerate the province’s ambitious plans for clean economic growth
TORONTO, July 10, 2023 (GLOBE NEWSWIRE) — News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) welcomes today’s announcement from the Government of Ontario, which outlines a sustainable road map towards achieving an emission-free electricity sector. As part of the announcement, the Ministry of Energy will now commence a final evaluation on the proposed Ontario Pumped Storage Project (the Project) and render a decision by the end of the year.
Ontario Pumped Storage is a made-in-Ontario solution that would keep jobs at home and rely on safe domestic supply chains. Proposed for development by TC Energy and its prospective partner Saugeen Ojibway Nation, Ontario Pumped Storage would be Ontario’s largest energy...
Univest Financial Corporation to Hold Second Quarter 2023 Earnings Call
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SOUDERTON, Pa., July 10, 2023 (GLOBE NEWSWIRE) — Univest Financial Corporation (Nasdaq: UVSP), parent company of Univest Bank and Trust Co. and its insurance, investment and equipment finance subsidiaries, announced it will host a conference call to discuss its second quarter 2023 earnings on Thursday, July 27, 2023 at 9:00 a.m. Earnings are scheduled to be released after the close of the market on Wednesday, July 26, 2023.
Pre-registrationTelephone participants may avoid any delays by pre-registering for the call using the following link.
Conference Call registration link: https://conferencingportals.com/event/QPDnglhR
AudioDial in number: 1-888-330-2398Conference ID: 38917Note: Participants who are unable to pre-register should dial in a few minutes prior to the start time.
ReplayDial in number: 1-800-770-2030Conference ID: 38917Available...
Total Energy Services Inc. Announces 2023 Second Quarter Conference Call and Webcast
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CALGARY, Alberta, July 10, 2023 (GLOBE NEWSWIRE) — Total Energy Services Inc. (“Total Energy”) (TSX:TOT) will conduct a conference call and webcast following the release of its financial results for the three months ended June 30, 2023. The financial results will be released prior to the conference call. Daniel Halyk, President and CEO will host the call.Open to:Date:Time:Call:
Shareholders and other interested personsAugust 11, 20239:00 a.m. (Mountain Time)(800) 319-4610 or (416) 915-3239
A live webcast of the conference call will be accessible on Total Energy’s website at www.totalenergy.ca by selecting “Webcasts”.
Shortly after the live webcast, an archived version will be available on Total Energy’s website. A recording of the conference call will also be available until September 11, 2023, by dialing (855)...
Long Term Share-based incentive programme for 2023/24
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Pursuant to Bang & Olufsen A/S’ Remuneration Policy, the Board of Directors has approved the long-term restricted share program for 2023/24. The program consists of restricted share-based remuneration to the Executive Management Board, key employees and certain other employees.
Two thirds of the restricted shares are Performance Shares that are eligible for vesting in equal tranches over the three financial years 2023/24, 2024/25 and 2025/26 depending on the level of achievement of certain KPIs defined by the Board of Directors for each performance year. The KPI metrics for 2023/24 relates to Bang & Olufsen A/S’ revenue and EBIT (before special items) in 2023/24.
The remaining shares are Retention Shares, which are subject to the participants’ continued employment with the Bang & Olufsen group and satisfactory people review...
AMBU UPGRADES FULL-YEAR 2022/23 EARNINGS EXPECTATIONS ON THE BACK OF PRELIMINARY Q3 2022/23 RESULTS
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Ambu raises its expectations for EBIT margin before special items to 5 – 6% (previously 3 – 5%) for the full-year 2022/23, based on its preliminary Q3 results. For Q3 2022/23, EBIT before special items totalled DKK 91m (DKK 42m), with an EBIT-margin before special items of 7.6% (3.7%), mainly driven by a better-than-expected gross margin, based on product mix and lower distribution costs.
PRELIMINARY FINANCIAL HIGHLIGHTS FOR Q3 2022/23Last year’s comparative figures are stated in brackets.Revenue was DKK 1,195m (DKK 1,128m), with organic growth of 8% (8%), driven by strong growth in Endoscopy Solutions. Reported growth for the quarter was 6% (16%). Year-to-date, organic growth was 5% (5%), with reported growth of 7% (10%).
Gross margin was 56.2% (55.8%) and 56.8% (58.2%) year-to-date. The gross margin is mainly impacted by...