Day: January 25, 2024

Enovis Introduces the DonJoy ROAM™ OA Knee Brace

Written by Customer Service on January 25, 2024. Posted in Public Companies.

The newest innovation in unloader braces is comfortable, easy to use and effective.Enovis DonJoy ROAM™ OA Knee BraceThe Enovis DonJoy ROAM™ OA Knee Brace.WILMINGTON, DE, Jan. 25, 2024 (GLOBE NEWSWIRE) — Enovis™ Corporation (“Enovis” or the “Company”) (NYSE: ENOV), an innovation-driven medical technology growth company, announced today that its DJO, LLC subsidiary has launched its new DonJoy® ROAM™ OA knee brace for patients with osteoarthritis or other knee pain and instability. ROAM OA is the latest innovation in unloader technology, unloading the pressure of unicompartmental osteoarthritis and shifting weight away from the affected knee to dynamically relieve pain, improve stability and help improve mobility. Designed for conservative care, preparation for surgery, or for postoperative knee...

Windtree Eliminates $15 Million Contingent Liability to Deerfield Management Company

Written by Customer Service on January 25, 2024. Posted in Public Companies.

WARRINGTON, Pa., Jan. 25, 2024 (GLOBE NEWSWIRE) — Windtree Therapeutics, Inc. (“Windtree” or the “Company”) (NasdaqCM: WINT), a biotechnology company focused on advancing late-stage interventions for critical cardiovascular disorders, today announced that the Company entered an Exchange and Termination Agreement with affiliates of Deerfield Management Company (collectively, “Deerfield”) pursuant to which Deerfield has agreed to terminate its rights under the Company’s 2017 Exchange and Termination Agreement to receive up to $15,000,000 in development and commercial milestone payments associated with AEROSURF®, an acute pulmonary drug/device combination intended to treat premature infants with respiratory distress syndrome. Windtree out-licensed global rights to AEROSURF® in 2022. “We appreciate the support of Deerfield in our efforts...

Roper Technologies to acquire Procare Solutions

Written by Customer Service on January 25, 2024. Posted in Mergers And Acquisitions.

Leading provider of software for early childhood education centers SARASOTA, Fla., Jan. 25, 2024 (GLOBE NEWSWIRE) — Roper Technologies, Inc. (Nasdaq: ROP) today announced that it has reached a definitive agreement to acquire Procare Solutions for a net purchase price of approximately $1.75 billion, including a $110 million tax benefit resulting from the transaction. The net purchase price represents approximately 18 times Procare’s estimated EBITDA for the twelve months ending March 31, 2025. Procare is a leading provider of cloud-based software for the management of early childhood education centers. Procare’s purpose-built solutions serve as the system-of-record and workflow software for childcare centers, managing all aspects of day-to-day operations, including parent engagement, staff and teacher scheduling, classroom management,...

Aerospace Parts Manufacturing Market Set to Soar Past USD 1190.45 Billion by 2030

Written by Customer Service on January 25, 2024. Posted in Mergers And Acquisitions.

The global Aerospace Parts Manufacturing market size is expected to reach USD 1190.45 billion by 2030 and exhibit a CAGR of 4.1% in the forecast period (2023−2030), according to Skyquest’s latest research report. The increasing demand for commercial aircraft, growth of the defense and military aviation sector, ongoing technological advancements, global expansion of the space industry, a focus on lightweight materials and fuel efficiency, and the need for replacement parts and maintenance are fueling the market’s growth. Westford, USA, Jan. 25, 2024 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Aerospace Parts Manufacturing market, increasing adoption of additive manufacturing for aerospace components, a growing focus on sustainability and environmental concerns in aerospace manufacturing,...

Lakeland Financial Reports Annual Net Income of $93.8 Million and 9% Annualized Average Loan Growth

Written by Customer Service on January 25, 2024. Posted in Public Companies.

WARSAW, Ind., Jan. 25, 2024 (GLOBE NEWSWIRE) — Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported net income of $93.8 million for the twelve months ended December 31, 2023, versus $103.8 million for the prior year, a decrease of 10%, or $10.1 million. Diluted earnings per share also decreased 10% to $3.65 for the twelve months ended December 31, 2023, versus $4.04 for the comparable period of 2022. Core operational profitability, a non-GAAP financial measure, for the twelve months ended December 31, 2023 was $101.6 million, a decrease of $2.2 million, or 2%, from the prior year. Core operational diluted earnings per common share for the twelve months ended December 31, 2023 was $3.95, also a decrease of 2%, from the prior year. Core operational profitability excludes $7.8...

NV5 Acquires CHW Professional Consultants, Strengthening Florida Infrastructure Design and Survey Services

Written by Customer Service on January 25, 2024. Posted in Mergers And Acquisitions.

HOLLYWOOD, Fla., Jan. 25, 2024 (GLOBE NEWSWIRE) — NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a provider of technology, conformity assessment, and consulting solutions, announced today that it has acquired CHW Professional Consultants (CHW), a leading provider of engineering and infrastructure consulting services in Florida. Founded in 1988, CHW operates out of four offices in Gainesville, Ocala, Jacksonville, and Fort Myers, complementing NV5’s existing Florida offices by bringing full-service engineering capabilities and densifying NV5’s platform throughout the state. CHW’s 130 employees specialize in surveying and mapping, civil and transportation engineering, landscape architecture, program management, planning, and environmental services. The company’s target sectors include transportation authorities, utilities,...

Independent Bank Corporation Reports 2023 Fourth Quarter Results

Written by Customer Service on January 25, 2024. Posted in Earnings Releases And Operating Results.

Fourth Quarter Highlights Highlights for the fourth quarter of 2023 include:An increase in net interest income of $0.7 million (1.7%) over the third quarter of 2023; An increase in book value and tangible book value per share of $1.42 and $1.43 respectively; Net growth in loans of $49.4 million (or 5.2% annualized) from September 30, 2023; and The payment of a 23 cent per share dividend on common stock on November 13, 2023.GRAND RAPIDS, Mich., Jan. 25, 2024 (GLOBE NEWSWIRE) — Independent Bank Corporation (NASDAQ: IBCP) reported fourth quarter 2023 net income of $13.7 million, or $0.65 per diluted share, versus net income of $15.1 million, or $0.71 per diluted share, in the prior-year period. For the year ended December 31, 2023, the Company reported net income of $59.1 million, or $2.79 per diluted share, compared to net income...

Form 8.3 – [YOUNG & CO.’S BREWERY PLC 24 01 2024] – (CGWL)

Written by Customer Service on January 25, 2024. Posted in Mergers And Acquisitions.

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION(a) Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. N/A(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree YOUNG & CO.’S BREWERY PLC(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A(e) Date...

Q1 shows a challenging start of the year, as expected. However, RTX reached a significant milestone with the signing of a strategic agreement in the Healthcare Segment.

Written by Customer Service on January 25, 2024. Posted in Earnings Releases And Operating Results.

Nørresundby, Denmark, 25 January 2024Announcement no. 06/2024 Interim report for Q1 2023/24(the period 01.10.2023 – 31.12.2023)“In Q1, RTX reached a significant milestone with the signing of a strategic collaboration agreement, which can enable significant growth in the Healthcare segment of 100-200% by 2025-26. During Q1, RTX also experienced the consequences of high product inventory levels at our customers leading to low order intake and revenue. This is as expected and in line with what we communicated in our annual report in November 2023. We gradually see improvement in product demand, and we maintain strong relations with our large global customers, who have a long-term commitment and show continued interest in developing new business with RTX. As already communicated, 2023/24 will be a challenging year, but we believe business...

Valley National Bancorp Reports Fourth Quarter 2023 Results

Written by Customer Service on January 25, 2024. Posted in Earnings Releases And Operating Results.

NEW YORK, Jan. 25, 2024 (GLOBE NEWSWIRE) — Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the fourth quarter 2023 of $71.6 million, or $0.13 per diluted common share, as compared to the fourth quarter 2022 net income of $177.6 million, or $0.34 per diluted common share, and net income of $141.3 million, or $0.27 per diluted common share, for the third quarter 2023. Excluding all non-core items, our adjusted net income (a non-GAAP measure) was $116.3 million, or $0.22 per diluted common share, for the fourth quarter 2023, $182.9 million, or $0.35 per diluted common share, for the fourth quarter 2022, and $136.4 million, or $0.26 per diluted common share, for the third quarter 2023. See further details below, including a reconciliation of our adjusted net income...

Day: January 25, 2024

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