Day: November 1, 2023

SEACOR Marine Announces Third Quarter 2023 Results

Written by Customer Service on November 1, 2023. Posted in Earnings Releases And Operating Results.

HOUSTON, Nov. 01, 2023 (GLOBE NEWSWIRE) — SEACOR Marine Holdings Inc. (NYSE: SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore energy facilities worldwide, today announced results for its third quarter ended September 30, 2023. SEACOR Marine’s consolidated operating revenues for the third quarter of 2023 were $75.6 million, operating income was $9.8 million, and direct vessel profit (“DVP”)(1) was $36.8 million. This compares to consolidated operating revenues of $59.8 million, operating loss of $10.9 million, and DVP of $15.8 million in the third quarter of 2022, and consolidated operating revenues of $66.9 million, operating income of $2.9 million, and DVP of $30.6 million in the second quarter of 2023. Notable third quarter items include:26.4% improvement...

Enact Reports Third Quarter 2023 Results

Written by Customer Service on November 1, 2023. Posted in Earnings Releases And Operating Results.

_______________________________________GAAP Net Income of $164 million, or $1.02 per diluted shareAdjusted Operating Income of $164 million, or $1.02 per diluted shareReturn on Equity of 14.9% and Adjusted Operating Return on Equity of 14.9%Record Primary Insurance-in-Force of $262 billion, an 8% increase from third quarter 2022PMIERs Sufficiency of 162% or $2,017 millionBook Value Per Share of $27.86 and Book Value Per Share excluding AOCI of $30.36Announces quarterly cash dividend of $0.16 per common share and special cash dividend of $0.71 per common share RALEIGH, N.C., Nov. 01, 2023 (GLOBE NEWSWIRE) — Enact Holdings, Inc. (Nasdaq: ACT) today announced financial results for the third quarter of 2023. “Our team again delivered record insurance in force, higher investment income, and expense discipline which drove another strong...

CooperCompanies Expands CooperSurgical’s Medical Device Portfolio with Acquisition of Select Cook Medical® Assets

Written by Customer Service on November 1, 2023. Posted in Mergers And Acquisitions.

SAN RAMON, Calif., Nov. 01, 2023 (GLOBE NEWSWIRE) — CooperCompanies (Nasdaq: COO), today announced it has closed the acquisition of select Cook Medical assets focused primarily on the obstetrics, doppler monitoring, and gynecology surgery markets. The purchase price was $300 million with $200 million paid at closing and the remaining $100 million to be paid in two $50 million annual installments. “This acquisition is a fantastic strategic fit for CooperSurgical,” said Al White, President and CEO of CooperCompanies. “The acquired products are highly synergistic with CooperSurgical’s existing portfolio of medical devices and strengthen CooperSurgical’s position as a leading global fertility and women’s health company.” The assets being acquired are primarily minimally invasive medical devices including the Bakri® Postpartum Balloon,...

Black Hills Corp. Reports 2023 Third-Quarter Results and Reaffirms 2023 Earnings Guidance

Written by Customer Service on November 1, 2023. Posted in Earnings Releases And Operating Results.

RAPID CITY, S.D., Nov. 01, 2023 (GLOBE NEWSWIRE) — Black Hills Corp. (NYSE: BKH) today announced financial results for the third quarter of 2023. Net income available for common stock and earnings per share for the three and nine months ended Sept. 30, 2023, compared to the three and nine months ended Sept. 30, 2022, were: Three Months Ended Sept. 30, Nine Months Ended Sept. 30, 2023 2022 2023 2022 (in millions, except per share amounts) Net income available for common stock $ 45.4 $ 35.0 $ 182.5 $ 185.9 Earnings per share, Diluted $ 0.67 $ 0.54 $ 2.74 $ 2.86 Earnings of $0.67 per share for the third quarter were driven by new rates and rider recovery, recapture of lost revenue from a 2021 generation outage, expense management and a gain on a strategic sale of land in Wyoming...

Park Hotels & Resorts Inc. Reports Third Quarter 2023 Results and Announces Special Dividend of $0.77 Per Share

Written by Customer Service on November 1, 2023. Posted in Earnings Releases And Operating Results.

TYSONS, Va., Nov. 01, 2023 (GLOBE NEWSWIRE) — Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the third quarter ended September 30, 2023, a special dividend and provided an operational update. Selected Statistical and Financial Information References to Park’s “Current” hotels and “Current” financial metrics include all 41 consolidated hotels owned as of September 30, 2023, including the 1,921-room Hilton San Francisco Union Square and 1,024-room Parc 55 San Francisco – a Hilton Hotel (collectively, the “Hilton San Francisco Hotels”). References to Park’s “Comparable” hotels and “Comparable” financial metrics exclude the Hilton San Francisco Hotels. (unaudited, amounts in millions, except RevPAR, ADR, Total RevPAR...

Palomar Holdings, Inc. Reports Third Quarter 2023 Results

Written by Customer Service on November 1, 2023. Posted in Earnings Releases And Operating Results.

LA JOLLA, Calif., Nov. 01, 2023 (GLOBE NEWSWIRE) — Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) reported net income of $18.4 million, or $0.73 per diluted share, for the third quarter of 2023 compared to net income of $4.3 million, or $0.17 per diluted share, for the third quarter of 2022. Adjusted net income(1) was $23.3 million, or $0.92 per diluted share, for the third quarter of 2023 as compared to $9.2 million, or $0.36 per diluted share, for the third quarter of 2022. Effective December 31, 2022, the Company adjusts for net realized and unrealized gains and losses when calculating and presenting adjusted net income, diluted adjusted earnings per share, and adjusted return on equity. All prior period amounts have been adjusted accordingly. Third Quarter 2023 HighlightsGross written premiums increased by 24.0%...

Root, Inc. Announces 2023 Third Quarter Results

Written by Customer Service on November 1, 2023. Posted in Earnings Releases And Operating Results.

COLUMBUS, Ohio, Nov. 01, 2023 (GLOBE NEWSWIRE) — Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, announced financial results for the quarter today. Root’s third quarter financial results and management commentary can be found by accessing the shareholder letter posted to the company’s investor relations website at ir.joinroot.com. Root will host a conference call and earnings webcast to discuss the results and provide an update on company operations tomorrow, Thursday, November 2, at 8:00 a.m. Eastern Time. To listen to the live audio webcast, please visit the News & Events section of Root’s Investor Relations website at ir.joinroot.com. Webcast and Conference Call Details: Date: November 2, 2023Time: 8:00 a.m. Eastern TimeParticipant Toll-Free Dial-In Number: 1 (888) 660-6392Participant Toll Dial-In...

Rush Street Interactive Announces Third Quarter 2023 Results

Written by Customer Service on November 1, 2023. Posted in Earnings Releases And Operating Results.

– Third Quarter Revenue of $170 Million, up 15% Year-over-Year –– Increased Adjusted EBITDA Profitability for the Second Consecutive Quarter –– Strong Performance Leads to Expectations to be Adjusted EBITDA Positive for Full Year 2023 –– Raising Full Year 2023 Revenue Guidance Midpoint with a Revised Range of Between $665 and $685 Million – CHICAGO, Nov. 01, 2023 (GLOBE NEWSWIRE) — Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States and the rest of the Americas, today announced financial results for the third quarter ended September 30, 2023. Third Quarter 2023 HighlightsRevenue was $169.9 million during the third quarter of 2023, an increase of 15%, compared to $148.0 million during the third quarter of 2022. Net...

CVG Reports Third Quarter 2023 Results

Written by Customer Service on November 1, 2023. Posted in Earnings Releases And Operating Results.

EPS of $0.22, up 100% year-over-yearAdjusted EBITDA of $16.6 million, up 16.1% year-over-yearOur strategy continues to favorably impact our results as Electrical Systems revenues were up 16.8% year-over-year NEW ALBANY, Ohio, Nov. 01, 2023 (GLOBE NEWSWIRE) — CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its third quarter ended September 30, 2023. Third Quarter 2023 Highlights (Compared with prior year, where comparisons are noted)Revenues of $246.7 million, down 1.9% due primarily to higher revenue in the prior year as a result of a COVID backlog in Asia-Pacific which offset an increase in revenue in Electrical Systems in 2023. Operating income of $12.4 million, up 30.5%; adjusted operating income of $12.5 million, up 17.9%. Improved operating income was driven...

INmune Bio Inc. Announces Third Quarter 2023 Results and Provides Business Update

Written by Customer Service on November 1, 2023. Posted in Earnings Releases And Operating Results.

Company to Host Conference Call Today, November 1, at 4:30pm ET BOCA RATON, Fla., Nov. 01, 2023 (GLOBE NEWSWIRE) — INmune Bio Inc. (NASDAQ: INMB) (the “Company”), a clinical-stage immunology company focused on developing treatments that harness the patient’s innate immune system to fight disease, today announces its financial results for the quarter ended September 30, 2023 and provides a business update. Q3 2023 Corporate Highlights: DN-TNF Platform Highlights (XPro™):AD02 blinded randomized program in patients with Early Alzheimer’s Disease (AD) received authorization of its Clinical Trial Application (CTA) by the Medicines and Healthcare products Regulatory Agency (MHRA) to initiate a Phase II trial in Early Alzheimer’s disease (AD) with XPro™. The U.K. CTA is part of the Company’s international clinical development...

Day: November 1, 2023

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