October 24, 2023 – Page 2

Weatherford Announces Third Quarter 2023 Results and Raises Full-Year Outlook

Written by Customer Service on October 24, 2023. Posted in Public Companies.

Revenues of $1,313 million increased 3% sequentially and 17% year-over-year, driven by international revenue growth of 3% sequentially and 27% year-over-year Operating income of $218 million increased 8% sequentially and 80% year-over-year Net income of $123 million increased 50% sequentially and 339% year-over-year; net income margin of 9.4% Adjusted EBITDA* of $305 million increased 5% sequentially and 43% year-over-year; adjusted EBITDA margin* of 23.2%, highest in over 14 years Cash provided by operating activities of $172 million and adjusted free cash flow* of $137 million Debt repayments of $147 million on 6.50% Senior Secured Notes comprised of $72 million in the third quarter of 2023, and an additional $75 million in October 2023 Announced $550 million credit facility with $300 million borrowing capacity and five-year maturity Launched...

First Quantum Minerals Reports Third Quarter 2023 Results

Written by Customer Service on October 24, 2023. Posted in Public Companies.

(In United States dollars, except where noted otherwise) TORONTO, Oct. 24, 2023 (GLOBE NEWSWIRE) — First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) today reports results for the three months ended September 30, 2023 (“Q3 2023” or the “third quarter”) of net earnings attributable to shareholders of the Company of $325 million ($0.47 earnings per share) and adjusted earnings1 of $359 million ($0.52 adjusted earnings per share2). “It was pleasing that production continued to improve during the third quarter at each of our three main copper operations. The ramp-up of the CP100 Expansion project is progressing well, allowing the Cobre Panamá mine to achieve another record in quarterly production. This continued strong performance, together with the recent finalization of the legal framework for the...

Appreciate Receives Notice From Nasdaq Regarding Delisting

Written by Customer Service on October 24, 2023. Posted in Public Companies.

MINNETONKA, Minn., Oct. 24, 2023 (GLOBE NEWSWIRE) — Appreciate Holdings, Inc. (“Appreciate” or the “Company”) (NASDAQ: SFR), the parent holding company of Renters Warehouse (“Renters Warehouse”), a leading end-to-end Single-Family Rental (“SFR”) marketplace and management platform, today announced that it received a written notice (the “Notice”) on October 18, 2023, from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”), stating that, upon further review by Nasdaq’s staff the Company did not meet the terms of the exception granted to Appreciate to regain compliance with Nasdaq’s filing requirements set forth in Listing Rule 5250(c)(1) (the “Rule”). In that regard, the Company was not able to file the delinquent reports on Form 10-K for the year ended December 31, 2022, Form 10-Q for the quarter ended March...

Northview Residential REIT Announces October Distribution

Written by Customer Service on October 24, 2023. Posted in Public Companies.

Not for distribution to U.S. newswire services or for dissemination in the United States. CALGARY, Alberta, Oct. 24, 2023 (GLOBE NEWSWIRE) — Northview Residential REIT (the “REIT”) today announced its October 2023 cash distribution amounts on its outstanding Class A Units, Class C Units and Class F Units (collectively, the “Units”) in the amount of C$0.091146 per Unit (C$1.09 per Unit on an annualized basis). The distribution will be payable on November 15, 2023 to holders of Units of record at October 31, 2023. About Northview Residential REIT The REIT is a publicly traded real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario for the primary purpose of indirectly acquiring, owning and operating a portfolio of income producing rental properties in secondary markets...

P10 Schedules Third Quarter 2023 Earnings Release for Thursday, November 9, 2023

Written by Customer Service on October 24, 2023. Posted in Public Companies.

DALLAS, Oct. 24, 2023 (GLOBE NEWSWIRE) — P10, Inc. (NYSE: PX), a leading private markets solutions provider, today announced it will release its third quarter 2023 results on Thursday, November 9, 2023, after U.S. markets close. The company will also host a conference call at 5:00 p.m. Eastern Time on Thursday, November 9, 2023. The webcast may be accessed here. All participants joining by telephone should register here for personal dial-in and PIN numbers. For those unable to participate in the live call, a replay will be made available on P10’s investor relations page at ir.p10alts.com. About P10P10 is a leading multi-asset class private markets solutions provider in the alternative asset management industry. P10’s mission is to provide its investors differentiated access to a broad set of investment solutions that address their...

Weatherford Announces $550 Million Credit Facility with $300 Million Borrowing Capacity

Written by Customer Service on October 24, 2023. Posted in Public Companies.

HOUSTON, Oct. 24, 2023 (GLOBE NEWSWIRE) — Weatherford International plc (NASDAQ: WFRD) (“Weatherford,” and, the “Company,” “we,” “us” and “our”) announced a five-year credit facility that is effective today with aggregate commitments of $550 million. The facility is comprised of a $250 million tranche available for performance letters of credit and a $300 million tranche available as a cash revolver. There is also the optionality of a $200 million accordion based on satisfaction of certain conditions. Girish Saligram, President and Chief Executive Officer of Weatherford, commented, “We are pleased to announce this significant milestone, which meaningfully enhances our liquidity and balance sheet flexibility. We appreciate the support of our bank partners in supporting this noteworthy step and it signifies continued strengthening...

GCC Reports Third Quarter 2023 Results

Written by Customer Service on October 24, 2023. Posted in Earnings Releases And Operating Results.

CHIHUAHUA, Mexico, Oct. 24, 2023 (GLOBE NEWSWIRE) — GCC, S.A.B. de C.V. (BMV: GCC*), a leading supplier and producer of cement and concrete in the United States and Mexico, today announced its results for the third quarter of 2023. Q3 2023 HIGHLIGHTS Consolidated net sales increased 17.9% year-on-year, to US$416.1 million U.S. sales grew 11.3% as cement and concrete prices rose 12.4% and 17.1%, respectively U.S. concrete volumes increased 1.1% Mexico sales increased 39.3% reflecting a 2.9% and 6% increase in cement and concrete volumes, respectively. Mexico sales excluding the appreciation of the Mexican peso increased by 19.7% Mexico cement and concrete prices increased by 8.2% and 16.5%, respectively EBITDA increased 35% to US$158.5 million with a 38.1% EBITDA margin Free cash flow totaled US$123.6 million with a 77.9% free...

Rush Enterprises, Inc. Reports Third Quarter 2023 Results, Announces $0.17 Per Share Dividend

Written by Customer Service on October 24, 2023. Posted in Earnings Releases And Operating Results.

Revenues of $1.981 billion, net income of $80.3 million Earnings per diluted share of $0.96 Absorption ratio 132.8% Board declares cash dividend of $0.17 per share of Class A and Class B common stock Strong revenues primarily driven by continued pent-up demand for new commercial vehicles, ongoing focus on national accounts and expanding technician workforce SAN ANTONIO, Oct. 24, 2023 (GLOBE NEWSWIRE) — Rush Enterprises, Inc. (NASDAQ: RUSHA & RUSHB), which operates the largest network of commercial vehicle dealerships in North America, today announced that for the third quarter ended September 30, 2023, the Company achieved revenues of $1.981 billion and net income of $80.3 million, or $0.96 per diluted share, compared with revenues of $1.86 billion and net income of $90.4 million, or $1.06 per diluted share, in the quarter...

Brandywine Realty Trust Announces Third Quarter 2023 Results And Narrows 2023 Guidance

Written by Customer Service on October 24, 2023. Posted in Earnings Releases And Operating Results.

PHILADELPHIA, Oct. 24, 2023 (GLOBE NEWSWIRE) — Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three and nine-month periods ended September 30, 2023. Management Comments “During the third quarter, we made strong progress on our 2023 business plan,” stated Gerard H. Sweeney, President and Chief Executive Officer for Brandywine Realty Trust. “We continued to experience positive mark-to-market rent increases on an accrual and cash basis while controlling leasing capital costs. Our same store portfolio has performed well and we have increased our same store NOI ranges on both an accrual and cash basis. We also made great progress on our development projects highlighted by 3025 JFK Boulevard in Schuylkill Yards with the opening of Avira, the multi-family portion of the project, and the...

Range Announces Third Quarter 2023 Results

Written by Customer Service on October 24, 2023. Posted in Earnings Releases And Operating Results.

FORT WORTH, Texas, Oct. 24, 2023 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its third quarter 2023 financial results. Third Quarter 2023 Highlights – Cash flow from operating activities of $150 million Cash flow from operations, before working capital changes, of $240 million Capital spending was $151 million, approximately 25% of the 2023 budget Production averaged 2.12 Bcfe per day, approximately 68% natural gas Price realizations including hedges of $3.09 per mcfe – premium of $0.54 over NYMEX natural gas NGL realizations of $24.44 per barrel – premium of $0.63 over Mont Belvieu equivalent Natural gas differentials, including basis hedging, averaged ($0.56) per mcf to NYMEX Commenting on the quarter, Dennis Degner, the Company’s CEO said, “Third quarter results continued to showcase the resilience...

Day: October 24, 2023

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