Day: January 29, 2024

Hampton Financial Corporation Announces 1st Quarter Results

Written by Customer Service on January 29, 2024. Posted in Earnings Releases And Operating Results.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Jan. 29, 2024 (GLOBE NEWSWIRE) — Hampton Financial Corporation (“Hampton” or the “Company”, TSXV:HFC) today announced its financial results for the 1st quarter ended November 30th, 2023. First Quarter fiscal highlights: First Quarter ended November 30th, 2023.Q1 Revenues of $1,744,000; a decrease of 17% year-over-year Q1 Net Losses of $(563,000) or $(0.02) per share; Q1 EBITDA of $(249,000) vs $(243,000) in the comparative quarter last yearSummary of Corporate Developments: Our 1st quarter results reflect the challenging environment across the Capital markets industry. Rising interest rates and global uncertainty delayed many financings and broader financial decisions on the part of issuers. While 2024 is showing some signs of...

Northrop Grumman Prices $2.5 Billion Debt Offering

Written by Customer Service on January 29, 2024. Posted in Public Companies.

FALLS CHURCH, Va., Jan. 29, 2024 (GLOBE NEWSWIRE) — Northrop Grumman Corporation (NYSE: NOC) (“Northrop Grumman”) announced today that it has priced a $2.5 billion underwritten public offering of senior unsecured notes. The notes include: $500 million of 4.600% senior notes due 2029 $850 million of 4.900% senior notes due 2034 $1.15 billion of 5.200% senior notes due 2054 Northrop Grumman expects to use the net proceeds from the offering for general corporate purposes, which may include debt repayment (including its 2.93% senior notes due 2025), share repurchases and working capital. The offering is expected to close on January 31, 2024, subject to the satisfaction of customary closing conditions. When available, copies of the prospectus supplement and the accompanying base prospectus related to the offering may be obtained by...

Northrop Grumman Announces $1 Billion Accelerated Share Repurchase Agreement

Written by Customer Service on January 29, 2024. Posted in Public Companies.

FALLS CHURCH, Va., Jan. 29, 2024 (GLOBE NEWSWIRE) — Northrop Grumman Corporation (NYSE: NOC) today announced that it has entered into an accelerated share repurchase (ASR) agreement with Morgan Stanley & Co. LLC to repurchase $1 billion of Northrop Grumman’s common stock. The company continues to target returning well over 100% of its free cash flow to shareholders through dividends and share repurchases in 2024. Under the ASR agreement, Northrop Grumman expects to receive an initial delivery of approximately 1.8 million shares on Jan. 31, representing approximately 80 percent of the expected share repurchases under the ASR agreement, based on the company’s closing price of $438.31 on January 29, 2024. The final number of shares to be repurchased through the ASR will be based on Northrop Grumman’s volume-weighted average price...

Cerro Grande Mining Corporation Announces Filing of Annual Financial Information for the Year Ended September 30, 2023

Written by Customer Service on January 29, 2024. Posted in Public Companies.

TORONTO, Jan. 29, 2024 (GLOBE NEWSWIRE) — Cerro Grande Mining Corporation (the “Company” or “CEG”) (CSE:CEG) (OTCQB:CEGMF) announces that its audited Consolidated Financial Statements for the years ended September 30, 2023 and 2022 and related Management’s Discussion and Analysis, together with the required certifications, have been filed on SEDAR under the Company’s profile. The Company refers the reader to those materials for additional information. Cerro Grande Mining Corporation is a minerals exploration and development company with properties and activities currently focused in Chile. Cautionary Statement on Forward-looking Information This news release contains “forward-looking information”, which may include, but is not limited to, statements with respect to the future financial or operating performance of CEG....

Five Star Bancorp Announces Quarterly and Annual Results

Written by Customer Service on January 29, 2024. Posted in Public Companies.

RANCHO CORDOVA, Calif., Jan. 29, 2024 (GLOBE NEWSWIRE) — Five Star Bancorp (Nasdaq: FSBC) (the “Company” or “Five Star”), the holding company for Five Star Bank, today reported net income of $10.8 million for the three months ended December 31, 2023, as compared to $11.0 million for the three months ended September 30, 2023 and $13.3 million for the three months ended December 31, 2022. Net income for the year ended December 31, 2023 was $47.7 million, as compared to $44.8 million for the year ended December 31, 2022. Financial Highlights Performance highlights and other developments for the Company for the periods noted below included the following: Three months ended(in thousands, except per share and share data) December 31,2023 September 30,2023 December 31,2022Return on average assets (“ROAA”) 1.26 % 1.30 % 1.70 %Return...

SOUTHERN MISSOURI BANCORP REPORTS PRELIMINARY RESULTS FOR SECOND QUARTER OF FISCAL 2024; DECLARES QUARTERLY DIVIDEND OF $0.21 PER COMMON SHARE; CONFERENCE CALL SCHEDULED FOR TUESDAY, JANUARY 30, AT 9:30AM CENTRAL TIME

Written by Customer Service on January 29, 2024. Posted in Earnings Releases And Operating Results.

Poplar Bluff, Jan. 29, 2024 (GLOBE NEWSWIRE) — Southern Missouri Bancorp, Inc. (“Company”) (NASDAQ: SMBC), the parent corporation of Southern Bank (“Bank”), today announced preliminary net income for the second quarter of fiscal 2024 of $12.2 million, an increase of $529,000, or 4.5%, as compared to the same period of the prior fiscal year. The increase was attributable to increases in net interest income and noninterest income, and lower provision for credit losses and income taxes, partially offset by an increase in noninterest expense. Preliminary net income was $1.07 per fully diluted common share for the second quarter of fiscal 2024, a decrease of $0.19 as compared to the $1.26 per fully diluted common share reported for the same period of the prior fiscal year. Highlights for the second quarter of fiscal 2024:Earnings...

Algoma Steel to Announce Fiscal 2024 Third Quarter Results February 6, 2024

Written by Customer Service on January 29, 2024. Posted in Public Companies.

SAULT STE. MARIE, Ontario, Jan. 29, 2024 (GLOBE NEWSWIRE) — Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2024 third quarter financial results after the market closes on Tuesday, February 6, 2024. A webcast and conference call will be held on Wednesday, February 7, 2024 at 11:00 a.m. Eastern Time to review the Company’s results, discuss recent events, and conduct a question-and-answer session. The live webcast and archived replay of the conference call can be accessed on the Investors section of the Company’s website at ir.algoma.com. For those unable to access the webcast, the conference call will be accessible domestically or internationally by dialing 877-425-9470...

FinWise Bancorp Reports Fourth Quarter and Full Year 2023 Results

Written by Customer Service on January 29, 2024. Posted in Earnings Releases And Operating Results.

– Net Income of $4.2 Million for Fourth Quarter of 2023 – – Diluted Earnings Per Share of $0.32 for Fourth Quarter of 2023 – MURRAY, Utah, Jan. 29, 2024 (GLOBE NEWSWIRE) — FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced results for the quarter ended December 31, 2023. Fourth Quarter 2023 HighlightsLoan originations were $1.2 billion, compared to $1.1 billion for the quarter ended September 30, 2023, and $1.2 billion for the fourth quarter of the prior year Net interest income was $14.4 million, compared to $14.4 million for the quarter ended September 30, 2023, and $12.6 million for the fourth quarter of the prior year Net Income was $4.2 million, compared to $4.8 million for the quarter ended September 30, 2023, and $6.5 million...

NEO Battery Materials Increases Share Ownership of South Korean Subsidiary – NBM Korea Co.

Written by Customer Service on January 29, 2024. Posted in Mergers And Acquisitions.

TORONTO, Jan. 29, 2024 (GLOBE NEWSWIRE) — (TSXV: NBM) (OTCQB: NBMFF) NEO Battery Materials Ltd. (“NEO” or the “Company”), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, announces that the Company has increased its ownership of the South Korean subsidiary, NEO Battery Materials Korea Co., Ltd. (“NBM Korea”), through a Share Purchase Agreement (the “Agreement”) with Automobile & PCB Inc (“A&P”). NEO acquired 258,829 Common Shares of NBM Korea from A&P for an aggregate purchase price of $1,708,707 CAD (the “Transaction”). Preceding the Transaction, the Company directly held 776,487 Common Shares of NBM Korea, representing 60% of the issued and outstanding shares of NBM Korea, and following the closing, NEO now directly holds 1,035,316 Common Shares, representing...

Celestica Announces Fourth Quarter 2023 Financial Results

Written by Customer Service on January 29, 2024. Posted in Earnings Releases And Operating Results.

Q4 2023 non-IFRS adjusted EPS* above high end of guidance rangeQ4 2023 non-IFRS operating margin* reaches 6.0% (All amounts in U.S. dollars. Per share information based on dilutedshares outstanding unless otherwise noted.)TORONTO, Jan. 29, 2024 (GLOBE NEWSWIRE) — Celestica Inc. (TSX: CLS) (NYSE: CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world’s most innovative companies, today announced financial results for the quarter ended December 31, 2023 (Q4 2023)†. “We are pleased with our solid fourth quarter results, delivering non-IFRS operating margin* of 6.0%, and non-IFRS adjusted EPS* of $0.76. We had a strong finish to 2023 and achieved 10% revenue growth for the full year compared to 2022, while our non-IFRS adjusted EPS* of $2.43 and non-IFRS operating margin* of 5.6%...

Day: January 29, 2024

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