Day: December 5, 2023
$121 million of Quarterly Pretax Income Best in More Than 16 YearsNet Contracts per Community Increased 66% Year-Over-YearBook Value Rose 80% Year-Over-Year to $73 per ShareRefinanced Over $600 Million of Secured Debt, Extending Maturities Until the Fourth Quarters of 2028 and 2029, Including $114 Million of Bond Redemptions that Occurred after the Quarter EndTotal Liquidity Climbed to $564 Million, the Highest in More Than 14 YearsProvided Guidance for a Significant Year-Over-Year Profit Increase in the First Quarter
MATAWAN, N.J., Dec. 05, 2023 (GLOBE NEWSWIRE) — Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, reported results for its fiscal fourth quarter and year ended October 31, 2023.
RESULTS FOR THE THREE-MONTHS AND FULL YEAR ENDED OCTOBER 31, 2023:Total revenues were $887.0 million (including...
Butyl Rubber Market Size Worth USD 5.30 Billion in 2032 | Emergen Research
Written by Customer Service on . Posted in Mergers And Acquisitions.
Rising demand for butyl rubber market for manufacturing automotive tires and tubes is a key factor driving Butyl Rubber market revenue growth
Vancouver, Dec. 05, 2023 (GLOBE NEWSWIRE) — The global butyl rubber market size was USD 3.21 Billion in 2022 and is expected to register a rapid revenue CAGR of 5.1 % during the forecast period.
The global butyl rubber market is experiencing robust growth, fueled by its widespread application in the automotive and construction sectors. According to a recent market research report, the market is thriving on the back of the automotive industry’s increasing reliance on butyl rubber for tire manufacturing, especially in the burgeoning Electric Vehicle (EV) market.
The International Energy Agency (IEA) reports a remarkable milestone, with EV sales surpassing 10 million units in 2022, constituting...
Blackford Capital Acquires LTD Online Stores, Inc., Expands Platform to Include High-End Furniture and Diversified Distribution Network
Written by Customer Service on . Posted in Mergers And Acquisitions.
LTD’s Patio Productions brandLTD’s Patio Productions brand offers luxury outdoor furniture for every lifestyleLTD’s Harmonia Living brandLTD’s Harmonia Living brand delivers outstanding service and exceptional indoor and outdoor furnishingsLTD represents Blackford Capital’s third addition to its Patio Portfolio in 12 months
The addition of LTD accelerates Portfolio diversification in both product mix and distributionGRAND RAPIDS, Mich., Dec. 05, 2023 (GLOBE NEWSWIRE) — Blackford Capital (“Blackford”), a leading lower middle market private equity firm, announced today the acquisition of LTD Online Stores, Inc. (“LTD”), a leading patio furniture e-commerce business and wholesale distributor that markets and sells middle-to-high-end furniture through wholesale/drop-shipping, a direct-to-consumer website and...
America’s Car-Mart Reports Second Quarter 2024 Results
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
Key Operating MetricsDollars in thousands, except per share data. Dollar and percentage changes may not recalculate due to rounding. Charts may not be to scale.ROGERS, Ark., Dec. 05, 2023 (GLOBE NEWSWIRE) — America’s Car-Mart, Inc. (NASDAQ: CRMT) (“we,” “Car-Mart” or the “Company”), one of the largest publicly held automotive retailers in the United States, today reported financial results for the second quarter ended October 31, 2023.
Second Quarter Key Highlights (Q2 FY24 vs. Q2 FY23)Revenues increased 2.8% to $361.6 million
Retail unit sales were down 4.6%
Gross margin increased to 34.3% from 32.1%
Customer count increased 6.0% to 104,596
Net charge-offs as a % of average finance receivables were 7.2% vs. 5.8%
Allowance for credit loss adjusted to 26.04% (EPS reduction of $3.40 after tax)
Loss per share $4.30 vs....
Village Super Market, Inc. Reports Results for the First Quarter Ended October 28, 2023
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
SPRINGFIELD, N.J., Dec. 05, 2023 (GLOBE NEWSWIRE) — Village Super Market, Inc. (NASDAQ:VLGEA) (the “Company” or “Village”) today reported its results of operations for the first quarter ended October 28, 2023.
First Quarter HighlightsNet income of $11.6 million, an increase of 5% compared to $11.1 million in the first quarter of the prior year
Sales increased 3.2% and same store sales increased 2.0%
Same store digital sales increased 13%First Quarter of Fiscal 2024 Results
Sales were $536.4 million in the 13 weeks ended October 28, 2023 compared to $519.7 million in the 13 weeks ended October 29, 2022. Sales increased due to an increase in same store sales of 2.0% and increased sales due to the remodel and conversion of the Pelham, NY Fairway to the ShopRite banner on August 15, 2022. Same store sales...
Verizon wins $15 million Navy MWR data services contract
Written by Customer Service on . Posted in Public Companies.
WASHINGTON, Dec. 05, 2023 (GLOBE NEWSWIRE) — Verizon Public Sector has been competitively awarded a $15 million task order with Navy Morale, Welfare, and Recreation (MWR) through the federal government’s Enterprise Infrastructure Solutions (EIS) contract vehicle. Verizon Public Sector, an incumbent Navy service provider, will deliver voice and data services at domestic and international locations.
The Navy issued the EIS award to Verizon in two components, voice and data. On voice, Verizon will incorporate new technologies and services to help meet the Navy’s next-generation voice requirements.
Verizon will also modernize data services, which includes a transition from the Navy’s Time Division Multiplexing (TDM) voice platform to ethernet.
“The MWR contract award represents the latest example of Verizon’s dedication to the digital...
GEMXX Updates on Progress to Acquire 50% Interest in Yukon Gold Project with Proven 2.2 Million Gold Resources
Written by Customer Service on . Posted in Public Companies.
The proven Yukon Gold Project hosts an estimated 4 million ounces of gold.
The historic ‘Yukon Gold Project’ boasts extensive exploration, proving the site’s potential to host an economic gold deposit of significant proportions.LAS VEGAS, Dec. 05, 2023 (GLOBE NEWSWIRE) — via IBN – GEMXX Corporation ( OTC: GEMZ ) (“GEMXX” or the “Company”), announces today that it has made progress in its review and verification of the considerable exploration work already completed on the Yukon Gold Project property and the assessments quantifying the proven and potential gold resources. The Company has also begun discussions with the current owner/partner to conduct a pilot plant on the property in 2024.
Jay Maull, GEMXX CEO, commented: “A pilot plant will test the parameters of new technologies, production...
Leading Pan-European Ferry and Logistics Company, P&O Ferries, Adopts Fingerprint Drug Screening Solution for On-Board, Random Testing of Seafaring Staff
Written by Customer Service on . Posted in Public Companies.
Intelligent Fingerprinting Drug Screening System is expected to reduce P&O Ferries’ overall drug testing costs by 90%
Easy-to-use, hygienic fingerprint sweat test improves the testing experience for P&O Ferries employees from previous urine method
NEW YORK, Dec. 05, 2023 (GLOBE NEWSWIRE) — Intelligent Bio Solutions Inc. (Nasdaq: INBS) (“INBS” or the “Company”), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced that leading pan-European ferry and logistics company, P&O Ferries, is now using the revolutionary portable Intelligent Fingerprinting Drug Screening System to support its drug and alcohol testing policy.
P&O previously used an external drug testing service provider to conduct random urine testing of seafaring staff on board its ferries. The testing...
Tarkett- Information on the total number of voting rights and shares in Tarkett’s share capital as of November, 30, 2023
Written by Customer Service on . Posted in Public Companies.
PARIS, FRANCE, December, 5th, 2023 – Information on the total number of voting rights and shares in Tarkett’s share capital as of November, 30, 2023
(Article L233-8-II of the French Commercial Code andArticle 223-16 of the General Regulation of the Autorité des marchés financiers)Date
Total number of shares in the share capital
Total number of voting rightsAs of November, 30, 2023
65,550,281
Number of theoretical voting rights:
123 644 811
Number of exercisable voting rights: 123 626 252*
* After deduction of the treasury shares without voting rights.
***
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Credit Acceptance Announces $500.0 Million Senior Notes Offering
Written by Customer Service on . Posted in Public Companies.
Southfield, Michigan, Dec. 05, 2023 (GLOBE NEWSWIRE) — Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that it plans to offer $500.0 million aggregate principal amount of senior notes due 2028 (the “notes”). We intend to use the net proceeds from the offering of the notes (1) to fund (a) our concurrent cash tender offer for any and all of our $400.0 million outstanding 5.125% senior notes due 2024 (the “2024 notes”), (b) the redemption, in accordance with the terms of the indenture governing the 2024 notes, of any of the 2024 notes that remain outstanding after completion of the tender offer, and (c) the payment of fees and expenses in connection with the foregoing and (2) for general corporate purposes. Pending this application of the net proceeds...