October 24, 2023 – Page 3

CNL Strategic Capital Acquires Majority Stake in Sill Public Adjusters

Written by Customer Service on October 24, 2023. Posted in Mergers And Acquisitions.

Orlando, Fla., Oct. 24, 2023 (GLOBE NEWSWIRE) — CNL Strategic Capital, LLC acquired a majority equity stake and made a concurrent debt investment in Sill Public Adjusters (Sill) in partnership with Sill’s management. This is the 13th company in CNL Strategic Capital’s portfolio. Founded in 1928 and headquartered in Cleveland, Ohio, Sill is among the leading specialty insurance consulting firms exclusively representing business and property owners in connection with their property insurance claims. The company focuses on providing expert claim preparation, management and resolution services across North America and the Caribbean. Through its wide range of services (including end-to-end property loss adjusting, forensic accounting, and business interruption analysis), the company seeks to deliver expert representation and support...

Retail Opportunity Investments Corp. Reports 2023 Third Quarter Results

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

SAN DIEGO, Oct. 24, 2023 (GLOBE NEWSWIRE) — Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the three and nine months ended September 30, 2023. HIGHLIGHTS $8.4 million of net income attributable to common stockholders ($0.07 per diluted share) $36.0 million in Funds From Operations (FFO)(1) ($0.27 per diluted share) FFO per diluted share guidance for 2023 narrowed ($1.05 – $1.07 per diluted share) 8.2% increase in same-center cash net operating income (3Q‘23 vs. 3Q‘22) 98.2% portfolio lease rate at 9/30/23 (vs. 97.8% at 9/30/22) 465,187 square feet of leases executed during 3Q‘23 (new and renewed) 36.0% increase in same-space cash base rents on new leases (7.2% increase on renewals) 1.5 million square feet of leases executed during first nine months of ‘23 (record activity) $350.0...

Peapack-Gladstone Financial Corporation Reports Third Quarter Results

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

BEDMINSTER, NJ, Oct. 24, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) (the “Company”) announces its third quarter 2023 financial results. This earnings release should be read in conjunction with the Company’s Q3 2023 Investor Update, a copy of which is available on our website at www.pgbank.com and via a current report on Form 8-K on the website of the Securities and Exchange Commission at www.sec.gov. The Company recorded total revenue of $55.9 million, net income of $8.8 million and diluted earnings per share (“EPS”) of $0.49 for the quarter ended September 30, 2023, compared to revenue of $61.9 million, net income of $20.1 million and diluted EPS of $1.09 for the quarter ended September 30, 2022. The net interest margin declined to 2.28% for the quarter...

ChampionX Reports Third Quarter 2023 Results

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

Revenue of $939.8 million, decreased 8% year-over-year and increased 1% sequentially Net income attributable to ChampionX of $77.7 million, increased 237% year-over-year Adjusted net income of $80.9 million, increased 19% year-over-year Adjusted EBITDA of $189.5 million, increased 14% year-over-year Income before income taxes margin of 11.7%, increased 802 basis points year-over-year Adjusted EBITDA margin of 20.2%, increased 391 basis points year-over-year Cash from operating activities of $163.0 million and free cash flow of $114.6 million Repurchased $68.1 million of common stock Returned 52% of cash from operating activities and 74% of free cash flow to shareholders THE WOODLANDS, Texas, Oct. 24, 2023 (GLOBE NEWSWIRE) — ChampionX Corporation (NASDAQ: CHX) (“ChampionX” or the “Company”) today announced third quarter of 2023...

American Assets Trust, Inc. Reports Third Quarter 2023 Financial Results

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

Net income available to common stockholders of $11.8 million and $39.9 million for the three and nine months ended September 30, 2023, respectively, or $0.20 and $0.66 per diluted share, respectively. Funds from Operations (“FFO”) per diluted share decreased 6% and increased 3% year-over-year for the three and nine months ended September 30, 2023, respectively, or $0.59 and $1.84 per diluted share, respectively. Increased 2023 FFO per diluted share guidance to a range of $2.36 to $2.40 with a midpoint of $2.38, a 2.6% increase over prior guidance. SAN DIEGO, Oct. 24, 2023 (GLOBE NEWSWIRE) — American Assets Trust, Inc. (NYSE: AAT) (the “company”) today reported financial results for its third quarter ended September 30, 2023. Third Quarter Highlights Net income available to common stockholders of $11.8 million and $39.9...

First Community Bankshares, Inc. Announces Third Quarter 2023 Results and Quarterly Cash Dividend

Written by Customer Service on October 24, 2023. Posted in Dividend Reports And Estimates.

BLUEFIELD, Va., Oct. 24, 2023 (GLOBE NEWSWIRE) — First Community Bankshares, Inc. (NASDAQ: FCBC) (www.firstcommunitybank.com) (the “Company”) today reported its unaudited results of operations and other financial information for the quarter ended September 30, 2023. The Company reported net income of $14.64 million, or $0.79 per diluted common share, for the quarter ended September 30, 2023. Net income for the nine months ended September 30, 2023, was $36.24 million or $2.06 per diluted common share. The Company also declared a quarterly cash dividend to common shareholders of twenty-nine cents $0.29 per common share. The quarterly dividend is payable to common shareholders of record on November 10, 2023, and is expected to be paid on or about November 24, 2023. This marks the 38th consecutive year of regular dividends to common...

GFG Exercises its Option and Earns 100% in the Montclerg Gold Project in the Prolific Timmins Gold District

Written by Customer Service on October 24, 2023. Posted in Mergers And Acquisitions.

SASKATOON, Saskatchewan, Oct. 24, 2023 (GLOBE NEWSWIRE) — GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces that it has completed its earn-in requirements to earn 100% of the Montclerg Gold Project (“Montclerg” or the “Project”) pursuant to the previously announced option agreement (the “Agreement”) with International Explorers and Prospectors Inc. (“IEP”)(see news release: “GFG Expands Presence in Timmins – Acquires the Montclerg Gold Project East of the Prolific Timmins Gold District”). Pursuant to the Agreement, GFG issued its final share payment of 3,535,168 common shares of the Company to IEP, exceeded the C$1.0 million in exploration expenditures and transferred C$1.0 million in assessment credits to IEP. IEP will retain a net smelter royalty of up to 2% on certain claims. “We are pleased...

CN Declares Fourth-Quarter 2023 Dividend

Written by Customer Service on October 24, 2023. Posted in Dividend Reports And Estimates.

MONTREAL, Oct. 24, 2023 (GLOBE NEWSWIRE) — CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a fourth-quarter 2023 dividend on the Company’s common shares outstanding. A quarterly dividend of seventy-nine cents (C$0.7900) per common share will be paid on December 28, 2023, to shareholders of record at the close of business on December 7, 2023. About CNCN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. CN’s network connects Canada’s Eastern and Western coasts with the U.S. South through a 18,600-mile rail network. CN and its affiliates have been contributing to community...

Shenandoah Telecommunications Company Announces 2023 Annual Dividend

Written by Customer Service on October 24, 2023. Posted in Dividend Reports And Estimates.

EDINBURG, Va., Oct. 24, 2023 (GLOBE NEWSWIRE) — The Board of Directors of Shenandoah Telecommunications Company (Shentel) (NASDAQ: SHEN) declared a cash dividend of $0.09 per share. The dividend will be payable December 1, 2023, to shareholders of record as of the close of business on November 7, 2023. This dividend is an increase of $0.01 per share or 12.5% over the December 2022 dividend and will be Shentel’s sixty-fourth consecutive year of annual dividends. “We are pleased to announce an increase in the annual dividend, reflecting our confidence in the long-term growth prospects of our Fiber First strategy and continued growth in Glo Fiber,” said President and CEO Christopher E. French. About Shenandoah Telecommunications Shenandoah Telecommunications Company (Shentel) provides broadband services through its high speed, state-of-the-art...

Western New England Bancorp, Inc. Reports Results for Three and Nine Months Ended September 30, 2023 and Declares Quarterly Cash Dividend

Written by Customer Service on October 24, 2023. Posted in Dividend Reports And Estimates.

WESTFIELD, Mass., Oct. 24, 2023 (GLOBE NEWSWIRE) — Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced today the unaudited results of operations for the three and nine months ended September 30, 2023. For the three months ended September 30, 2023, the Company reported net income of $4.5 million, or $0.21 per diluted share, compared to net income of $6.0 million, or $0.28 per diluted share, for the three months ended September 30, 2022. On a linked quarter basis, net income was $4.5 million, or $0.21 per diluted share, as compared to net income of $2.8 million, or $0.13 per diluted share, for the three months ended June 30, 2023. For the nine months ended September 30, 2023, net income was $12.6 million, or $0.58 per diluted share, compared...

Day: October 24, 2023

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