Year: 2023

Transcontinental Inc. Announces Results for the Fourth Quarter and Fiscal Year 2023

Written by Customer Service on December 12, 2023. Posted in Earnings Releases And Operating Results.

HighlightsGrowth in adjusted operating earnings before depreciation and amortization(1) of 3.1% for the quarter. Revenues of $779.7 million for the quarter ended October 29, 2023; operating earnings of $66.7 million; and net earnings attributable to shareholders of the Corporation of $41.7 million ($0.48 per share). Adjusted operating earnings before depreciation and amortization(1) of $145.5 million for the quarter ended October 29, 2023; adjusted operating earnings(1) of $107.3 million; and adjusted net earnings attributable to shareholders of the Corporation(1) of $71.8 million ($0.83 per share). Improved net indebtedness ratio(1) from 2.47x as at October 30, 2022 to 2.06x as at October 29, 2023. Announced, on November 3, 2023, the end of Publisac and its gradual replacement by raddarTM across Quebec, as well as the roll-out of raddarTM...

BigBear.ai Awarded $17.9M Extension on Phase 2 of U.S. Army GFIM OTA, Enhancing the Data Layer and Critical Functionality

Written by Customer Service on December 12, 2023. Posted in Public Companies.

COLUMBIA, Md., Dec. 12, 2023 (GLOBE NEWSWIRE) — BigBear.ai (NYSE: BBAI), a leading provider of AI-powered decision intelligence and cyber-engineering solutions, today announced a significant extension from the U.S. Army to continue as the prime contractor for the Global Force Information Management (GFIM) system. Valued at $17.9 million, this extension capitalizes on the successful delivery and acceptance of BigBear.ai’s work during Phase 1 and Phase 2. This extension underscores the progress made in transforming 15 legacy U.S. Army systems into an enterprise intelligent automation platform that aligns with the Secretary of the Army’s vision for a data-centric force. The extended work will focus on enhancing the data layer, further developing the MVP in line with Army priorities, and ensuring all systems operate within...

Bird Increases Monthly Dividend 30.2% On Outlook For 2024 Revenue And Earnings Growth And Margin Expansion

Written by Customer Service on December 12, 2023. Posted in Dividend Reports And Estimates.

MISSISSAUGA, Ontario, Dec. 12, 2023 (GLOBE NEWSWIRE) — Bird Construction Inc. (TSX: BDT) announced today that its Board of Directors has approved a $0.13 cent or 30.2% increase in its dividend effective for the March 29, 2024 dividend, payable on April 19, 2024. The dividend increase follows the Board’s approval of the 2024 annual business plan, which anticipates continued accretion in earnings per share and EBITDA through 2024. The increased monthly dividend will be $0.0467 per share, corresponding to an annual dividend rate of $0.56 per share. “The dividend increase approved by the Board reflects the Company’s outlook for significant further improvements in earnings and cash flow in 2024 over 2023. Based on the margins embedded in the Company’s current record combined backlog, and the significant volume of attractive...

Fairfax India Completes Acquisition of an Additional 7% Interest in Bangalore International Airport Limited

Written by Customer Service on December 12, 2023. Posted in Mergers And Acquisitions.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES (Note: All dollar amounts in this news release are expressed in U.S. dollars, except as otherwise noted). TORONTO, Dec. 12, 2023 (GLOBE NEWSWIRE) — Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX: FIH.U) announces that it has completed the second closing of its acquisition of an additional equity interest in Bangalore International Airport Limited (“BIAL”) from Siemens Project Ventures GmbH, part of Siemens Financial Services (“SFS”). In connection with the second closing, Fairfax India, through its wholly-owned subsidiary, acquired an additional 7% equity interest in BIAL for consideration of $175 million. As previously announced, in the initial transaction, Fairfax India, through its wholly-owned subsidiary, acquired...

Red Cat Holdings to Report Fiscal Second Quarter 2024 Financial Results and Provide Corporate Update on Friday, December 15, 2023

Written by Customer Service on December 12, 2023. Posted in Public Companies.

Conference Call to be held Friday, December 15, 2023 at 4:30 p.m. Eastern Time SAN JUAN, Puerto Rico, Dec. 12, 2023 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announces that financial results for the second quarter of fiscal 2024 (three months ended October 31, 2023) will be reported on Friday, December 15, 2023 after the market close. CEO Jeff Thompson and CFO Joseph Hernon will host an earnings conference call at 4:30 p.m. ET on Friday, December 15, 2023 to review financial results and provide an update on corporate developments. Following management’s formal remarks, there will be a question-and-answer session. Interested parties can listen...

Eos Energy and Pine Gate Renewables Announce Partnership Expansion

Written by Customer Service on December 12, 2023. Posted in Public Companies.

Companies executed an MOU for 500 MWh in energy storage installations, building from their existing relationship established in 2021 TURTLE CREEK, Pa., Dec. 12, 2023 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), a leading provider of safe, scalable, efficient, and sustainable zinc-based long duration energy storage systems, today announced that Eos and Pine Gate Renewables, a leading renewable energy company focused on development and strategic financing of solar and storage projects throughout the United States, have entered into a memorandum of understanding (MOU) to expand their existing partnership with a minimum additional volume of 500MWh. The partnership between the two companies launched in 2021 with projects in South Carolina and Utah. “Working with Pine Gate has made...

FRO – 2023 Annual General Meeting

Written by Customer Service on December 12, 2023. Posted in Public Companies.

Frontline plc (the “Company”) advises that the 2023 Annual General Meeting of the Shareholders of the Company was held on 12 December 2023 at 09:00 a.m. at Soteriou Tofini Street 4, Ayios Athanasios, 4102 Limassol, Cyprus. The audited consolidated financial statements for the Company for the year ended 31 December 2022 were presented to the Meeting. In addition, the following resolutions were passed:To re-elect John Fredriksen as a Director of the Company.To re-elect James O’Shaughnessy as a Director of the Company.To re-elect Ola Lorentzon as a Director of the Company.To re-elect Ole B. Hjertaker as a Director of the Company.To re-elect Steen Jakobsen as a Director of the Company.To re-elect Marios Demetriades as a Director of the Company.To elect Cato Stonex as a Director of the Company.To re-appoint PricewaterhouseCoopers...

Intrepid Engages Pickering Energy Partners as Lithium Advisor

Written by Customer Service on December 12, 2023. Posted in Public Companies.

Denver, CO, Dec. 12, 2023 (GLOBE NEWSWIRE) — Intrepid Potash, Inc. (“Intrepid,” “we,” or “our”) (NYSE:IPI) today announced it engaged Pickering Energy Partners LP (“Pickering” or “PEP”) to advise on maximizing the value of the lithium resource at its mine in Wendover, Utah. Management Commentary Bob Jornayvaz, Intrepid’s Executive Chairman and CEO commented: “I am excited to announce our engagement with Pickering to help us evaluate our options to capitalize on the value of the lithium that we have long known to be present in the brine at our Wendover mine. Pickering has established itself as a leader and trusted advisor in the energy space and we are excited to partner together and evaluate promising new direct lithium extraction (“DLE”) technologies to recover lithium from our brine and...

Parks! America, Inc. Reports Q4 and Fiscal 2023 Results

Written by Customer Service on December 12, 2023. Posted in Public Companies.

Adjusted fiscal 2023 park revenues down slightly from fiscal 2022, which remain well above fiscal 2019 pre-pandemic levels Positive EBITDA of $1.2 million for fiscal 2023 despite $1.0 million in lost revenue resulting from the March tornado event at our Georgia Park Management remains focused on near term growth with a compelling 2024 plan while continuing to position the Company for inorganic expansion over the long termPINE MOUNTAIN, Georgia, Dec. 12, 2023 (GLOBE NEWSWIRE) — Parks! America, Inc. (OTCPink: PRKA), today announced the results for its fourth fiscal quarter and year ended October 1, 2023. Fourth Quarter Fiscal 2023 Highlights Total revenues for the fiscal quarter ended October 1, 2023 were $2.85 million, a decrease of $212,488, compared to the fiscal quarter ended October 2, 2022. Our park revenues decreased by...

Ivanhoe Mines Announces C$500 Million Private Placement

Written by Customer Service on December 12, 2023. Posted in Public Companies.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES TORONTO, Dec. 12, 2023 (GLOBE NEWSWIRE) — Ivanhoe Mines Ltd. (TSX: IVN; OTCQX: IVPAF) (“Ivanhoe Mines” or the “Company”) is pleased to announce that it has engaged BMO Capital Markets as sole agent in connection with a proposed offering of 41,667,000 Class A common shares (the “Common Shares”), on a private placement basis (the “Offering”) at a price of C$12.00 per Common Share (the “Offering Price”) for aggregate gross proceeds of C$500 million (approximately US$370 million). The Company expects to grant BMO Capital Markets an option, exercisable at the Offering Price up until 48 hours prior to the closing of the Offering, to place up to an additional 15% of the number of Common Shares purchased pursuant to the Offering. The Offering is expected to close on or about December 18, 2023...

Year: 2023

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