Year: 2023

Glatfelter Reports Third Quarter 2023 Results

Written by Customer Service on November 2, 2023. Posted in Earnings Releases And Operating Results.

Improved Profitability Despite Continued Difficult Market Conditions 2023 Third Quarter Overview:Generated net sales of ~$330 million and a GAAP net loss from continuing operations of $19.7 million Delivered strong sequential recovery of Adjusted EBITDA of $25.5 million following one-time Q2 adverse events Improved earnings from Turnaround Strategy, delivering highest EBITDA margin of last eight quarters Divested Ober-Schmitten site, eliminating future losses Lowered full-year EBITDA guidance by $10 million due to ongoing industry-wide market weakness, lower volumes and continued customer destockingCHARLOTTE, N.C., Nov. 02, 2023 (GLOBE NEWSWIRE) — Glatfelter Corporation (NYSE: GLT), a leading global supplier of engineered materials, today reported financial results for the third quarter of 2023 and provided an update on the...

Targa Resources Corp. Reports Third Quarter 2023 Financial Results and Announces Expectations for a 50% Year-Over-Year Increase to 2024 Common Dividend

Written by Customer Service on November 2, 2023. Posted in Earnings Releases And Operating Results.

HOUSTON, Nov. 02, 2023 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“TRGP,” the “Company” or “Targa”) today reported third quarter 2023 results. Third quarter 2023 net income attributable to Targa Resources Corp. was $220.0 million compared to $193.1 million for the third quarter of 2022. HighlightsReported adjusted EBITDA(1) for the third quarter of $840 million, a 6% sequential increase Reported record NGL transportation volumes during the third quarter Completed its 1 million barrel per month LPG export expansion at Galena Park Completed its new 275 million cubic feet per day (“MMcf/d”) Greenwood plant in Permian Midland Repurchased $132 million of common stock during the third quarter and $333 million for the nine months ended September 30, 2023 at a weighted average price of $75.77 Maintains 2023 adjusted EBITDA...

Crawford United Corporation Announces Third Quarter 2023 Results

Written by Customer Service on November 2, 2023. Posted in Earnings Releases And Operating Results.

Sales of $110.1 million year-to-date, an increase of 15.7% Net income of $10.1 million year-to-date, an increase of 188.0% EBITDA As Defined1 of $20.5 million year-to-date, an increase of 84.4%CLEVELAND, Nov. 02, 2023 (GLOBE NEWSWIRE) — Crawford United Corporation (OTC: CRAWA), a growth-oriented holding company serving diverse markets, today reported results for the quarterly and year-to-date periods ended September 30, 2023. For the quarter ended September 30, 2023, sales were $33.6 million compared with $32.2 million in the same period in 2022, an increase of 4.5%. In the quarter, the Company recorded operating income of $4.3 million compared with operating income of $2.0 million in the same period of the prior year, an increase of 114.9%. Net income was $2.8 million, or $0.80 per fully diluted share, compared to $1.3 million,...

Armada Hoffler Reports Third Quarter 2023 Results

Written by Customer Service on November 2, 2023. Posted in Earnings Releases And Operating Results.

Net Income of $0.06 Per Diluted Share Normalized FFO of $0.31 Per Diluted Share Same Store NOI Growth of 4.4% (GAAP) and 5.9% (Cash) Positive Renewal Spreads on Commercial Leases of 14.5% (GAAP) and 4.9% (Cash) Maintained 2023 Full-Year Normalized FFO Guidance Range of $1.23 to $1.27 Per Diluted Share VIRGINIA BEACH, Va., Nov. 02, 2023 (GLOBE NEWSWIRE) — Armada Hoffler Properties, Inc. (NYSE: AHH) today announced its results for the quarter ended September 30, 2023 and provided an update on current events. Third Quarter and Recent Highlights:Net income attributable to common stockholders and OP Unit holders of $5.3 million, or $0.06 per diluted share, compared to $33.9 million, or $0.38 per diluted share, for the three months ended September 30, 2022.Funds from operations attributable to common stockholders and OP Unit holders...

Arhaus Announces Third Quarter 2023 Financial Results

Written by Customer Service on November 2, 2023. Posted in Public Companies.

Robust Demand Comparable Growth Continues in the Third QuarterRaises Midpoint of Full Year 2023 Outlook BOSTON HEIGHTS, Ohio, Nov. 02, 2023 (GLOBE NEWSWIRE) — Arhaus, Inc. (NASDAQ: ARHS; “Arhaus” or the “Company”), a rapidly growing lifestyle brand and omni-channel retailer of premium artisan-crafted home furnishings, reported financial results for the third quarter ended September 30, 2023. Third Quarter 2023 HighlightsNet revenue of $326 million Comparable Growth(1) of (2.1)% Net and Comprehensive Income of $20 million Adjusted Net Income of $20 million Adjusted EBITDA of $34 millionYear-to-Date 2023 Highlights, through September 30Net revenue of $944 million Comparable Growth(1) of 4.8% Net and Comprehensive Income of $94 million Adjusted Net Income of $95 million Adjusted EBITDA of $152 million2023 Outlook UpdatedNet...

Teleflex Reports Third Quarter Financial Results and Full Year 2023 Outlook

Written by Customer Service on November 2, 2023. Posted in Public Companies.

WAYNE, Pa., Nov. 02, 2023 (GLOBE NEWSWIRE) — Teleflex Incorporated (NYSE: TFX) (the “Company”) today announced financial results for the third quarter ended October 1, 2023. Third quarter financial summaryRevenues of $746.4 million, up 8.7% compared to the prior year period; up 7.4% on a constant currency basisGAAP diluted EPS from continuing operations of $2.91, compared to $2.16 in the prior year periodAdjusted diluted EPS from continuing operations of $3.64, compared to $3.27 in the prior year period2023 guidance summaryNarrowing GAAP revenue growth guidance to 6.25% to 6.45% Raising constant currency revenue growth guidance range to 6.4% to 6.6% Raising GAAP EPS from continuing operations guidance to $7.95 to $8.15Narrowing adjusted diluted EPS from continuing operations guidance to $13.30 to $13.50“Following...

KANZHUN LIMITED to Report Third Quarter 2023 Results on November 14, 2023

Written by Customer Service on November 2, 2023. Posted in Public Companies.

BEIJING, Nov. 02, 2023 (GLOBE NEWSWIRE) — KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced that it will report its unaudited consolidated results for the third quarter ended Septermber 30, 2023, before the U.S. market opens on Tuesday, November 14, 2023. The Company will host a conference call on Tuesday, November 14, 2023 at 8:00PM Beijing Time (7:00AM U.S. Eastern Time) to discuss the results. Participants are required to pre-register for the conference call at:https://s1.c-conf.com/diamondpass/10034873-xhke2s.html Upon registration, participants will receive an email containing participant dial-in numbers, a passcode, and a unique personal PIN. This information will allow you to gain immediate access to the call. Participants may pre-register...

Kraken Receives Synthetic Aperture Sonar Order from HII

Written by Customer Service on November 2, 2023. Posted in Public Companies.

Figure 1HII REMUS 620 with Kraken MINSAS 60 PayloadFigure 2Image of a submerged boulder field and mesophotic reef environment from a REMUS AUV and Kraken MINSAS 120. Image Source: NOAAFigure 3Image of a submerged boulder field and mesophotic reef environment from a REMUS AUV and Kraken MINSAS 120. Image Source: NOAAFigure 4Image of 7-meter Dory and Anchor Scar taken from HII REMUS with MINSAS 60ST. JOHN’S, Newfoundland and Labrador, Nov. 02, 2023 (GLOBE NEWSWIRE) — Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) is pleased to announce an initial order of its AquaPix® Miniature Synthetic Aperture Sonar (MINSAS) System for HII’s new REMUS 620 Medium Class UUV. Synthetic Aperture Sonar is quickly becoming the tool of choice for mine countermeasure (MCM) operations...

SpringWorks Therapeutics Reports Third Quarter 2023 Financial Results and Recent Business Highlights

Written by Customer Service on November 2, 2023. Posted in Earnings Releases And Operating Results.

– PDUFA target action date for nirogacestat NDA in adults with desmoid tumors remains set for November 27, 2023 – – On track to report topline data from the Phase 2b ReNeu trial of mirdametinib in patients with NF1-PN in the fourth quarter of 2023 – – Presented additional Phase 3 DeFi data at CTOS demonstrating statistically significant and clinically meaningful improvements in functional status in desmoid tumor patients treated with nirogacestat – – First patient dosed in Regeneron-sponsored Phase 1b study arm evaluating nirogacestat in combination with linvoseltamab in patients with multiple myeloma – STAMFORD, Conn., Nov. 02, 2023 (GLOBE NEWSWIRE) — SpringWorks Therapeutics, Inc. (Nasdaq: SWTX), a clinical-stage biopharmaceutical company focused on developing life-changing medicines for patients with severe rare diseases and...

Bombardier Reports Impressive Growth in Revenues and Operating Profitability in Third Quarter 2023, on Top of Solid Cash Generation and Book-to-Bill

Written by Customer Service on November 2, 2023. Posted in Earnings Releases And Operating Results.

The company remains on track toward full-year guidance(1). Third quarter 2023 revenues grew to $1.9 billion, an impressive 28% year-over-year increase, driven by higher deliveries and continued momentum in aftermarket business that generated $414 million in revenue for the quarter, an 11% year-over-year increase. Year-over-year operating profitability for the quarter rose on favorable margin performance and higher aftermarket contributions, with adjusted EBITDA(2) increasing by 36% to $285 million and an adjusted EBITDA margin(3) of 15.4%. Third quarter 2023 reported EBIT reached $197 million. Increased adjusted EBITDA(2) drove positive free cash flow(2) generation of $80 million. Available liquidity(2) stood strong at $1.2 billion. Reported cash flows from operating activities for the quarter were $179 million and net additions to PP&E...

Year: 2023

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