Vision Sensing Acquisition Corp. Announces Intention to Extend Period to Consummate Initial Business Combination to March 3, 2024

Written by Customer Service on January 31, 2024. Posted in Mergers And Acquisitions.

MIAMI, Jan. 31, 2024 (GLOBE NEWSWIRE) — Vision Sensing Acquisition Corp. (NASDAQ: VSACU, VSAC, VSACW) (the “Company”) a special purpose acquisition company, announced today that it has notified Continental Stock Transfer & Trust Company that it intends to extend the date by which the Company must consummate its initial business combination from February 3, 2023, to March 3, 2024, and that its sponsor, Vision Sensing, LLC, intends to deposit into the Company’s trust account an aggregate of $60,000 by February 3, 2023 (the “Extension”). In connection with the Extension, the Company intends to issue to its sponsor a non-interest bearing, unsecured promissory note in the principal amount of $60,000 as consideration for the funding. This will be the fourth of up to six one-month extensions that the Company is authorized to obtain...

Qorvo® Announces Fiscal 2024 Third Quarter Financial Results

Written by Customer Service on January 31, 2024. Posted in Earnings Releases And Operating Results.

GREENSBORO, N.C., Jan. 31, 2024 (GLOBE NEWSWIRE) — Qorvo® (Nasdaq:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company’s fiscal 2024 third quarter ended December 30, 2023. Strategic Highlights Grew quarterly revenue 44% year-over-year and exceeded high-point of revenue guidance by $49 million Recognized by top four China-based Android 5G OEMs with 2023 awards for innovation, quality, supply, technology and strategic partnership Signed definitive agreement to acquire Anokiwave, a leading supplier of high-performance silicon integrated circuits for intelligent active array antennas for D&A, SATCOM and 5G applications On a GAAP basis, revenue for Qorvo’s fiscal 2024 third quarter was $1.074 billion, gross margin was 36.1%, operating loss was $42 million, and...

DLH Reports Fiscal 2024 First Quarter Results

Written by Customer Service on January 31, 2024. Posted in Earnings Releases And Operating Results.

Further Debt Reduction and Strong Start to Fiscal Year ATLANTA, Jan. 31, 2024 (GLOBE NEWSWIRE) — DLH Holdings Corp. (NASDAQ: DLHC) (“DLH” or the “Company”), a leading provider of science research and development, systems engineering and integration, and digital transformation and cyber security solutions to federal agencies, today announced financial results for its fiscal first quarter ended December 31, 2023. First Quarter Highlights First quarter revenue was $97.9 million in fiscal 2024 versus $72.7 million in fiscal 2023, reflecting the impact from the Company’s December 2022 acquisition. Earnings were $2.2 million, or $0.15 per diluted share, for the fiscal 2024 first quarter versus $1.5 million, or $0.11 per diluted share, for the first quarter of fiscal 2023, reflecting higher income from operations offset by increased...

Landstar System Reports Fourth Quarter Revenue of $1.204B and Earnings Per Share of $1.62

Written by Customer Service on January 31, 2024. Posted in Earnings Releases And Operating Results.

JACKSONVILLE, Fla., Jan. 31, 2024 (GLOBE NEWSWIRE) — Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) reported basic and diluted earnings per share (“EPS”) of $1.62 in the 2023 thirteen-week fourth quarter on revenue of $1.204 billion. Landstar reported EPS of $2.60 on revenue of $1.675 billion in the 2022 fourteen-week fourth quarter. The Company’s fiscal year ends each year on the last Saturday in December. As such, the Company’s 2022 fourth quarter ended on December 31st and included fourteen weeks of operations, whereas the 2023 fourth quarter ended on December 30th and included thirteen weeks of operations. We estimate the extra week in 2022 contributed revenue of approximately $65 million. Gross profit in the 2023 fourth quarter was $124.6 million and variable contribution (defined as revenue less the cost...

Ascendis Pharma to Report Full Year 2023 Financial Results and Provide Business Update on February 7, 2024

Written by Customer Service on January 31, 2024. Posted in Earnings Releases And Operating Results.

COPENHAGEN, Denmark, Jan. 31, 2024 (GLOBE NEWSWIRE) — Ascendis Pharma A/S (Nasdaq: ASND) today announced it will report full year 2023 financial results and provide a business update on Wednesday, February 7, 2024, after the close of the U.S. financial markets. Ascendis Pharma will also host a conference call and webcast on February 7, 2024, at 4:30 p.m. Eastern Time (ET) to discuss 2023 financial results. Those who would like to participate may access the live webcast here, or register in advance for the teleconference here. The link to the live webcast will also be available on the Investors & News section of the Ascendis Pharma website at https://investors.ascendispharma.com. A replay of the webcast will be available on this section of the Ascendis Pharma website shortly after conclusion of the event for 30 days. About...

Hawkins, Inc. Reports Third Quarter Fiscal 2024 Results

Written by Customer Service on January 31, 2024. Posted in Earnings Releases And Operating Results.

ROSEVILLE, Minn., Jan. 31, 2024 (GLOBE NEWSWIRE) — Hawkins, Inc. (Nasdaq: HWKN) today announced results for the three and nine months ended December 31, 2023, its third quarter of fiscal 2024. Third Quarter Fiscal Year 2024 Highlights: Third quarter sales of $208.5 million, with Water Treatment segment sales growth of 20% over the same quarter in the prior year. Record third quarter gross profit of $42.2 million, a 16% increase over the same period of the prior year, contributing to record third quarter operating income of $18.5 million, a 21% increase over the same period of the prior year. Third quarter diluted earnings per share (“EPS”) of $0.71, an increase of 39% over the same period of the prior year. Record third quarter Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (“Adjusted...

Calavo Growers, Inc. Announces Fourth Quarter and Fiscal 2023 Financial Results

Written by Customer Service on January 31, 2024. Posted in Earnings Releases And Operating Results.

SANTA PAULA, Calif., Jan. 31, 2024 (GLOBE NEWSWIRE) — Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado-industry leader and provider of convenient, ready-to-eat fresh food, today reported its financial results for the fiscal fourth quarter and fiscal year ended October 31, 2023. Fourth Quarter Financial Overview Total net sales of $241.2 million, a 1.0% decrease from the prior year quarter Grown segment net sales increased 5.6% to $125.7 million Prepared segment net sales decreased 7.9% to $116.1 million Gross profit of $15.5 million, compared to $20.4 million for the prior year quarter Grown segment gross profit increased $0.2 million to $8.7 million Prepared segment gross profit decreased $5.1 million to $6.7 million Net loss of $7.9 million, or $0.45 per diluted share, compared to a net loss of $3.3 million, or...

Sun Country Airlines Reports Fourth Quarter and Full Year 2023 Results

Written by Customer Service on January 31, 2024. Posted in Earnings Releases And Operating Results.

Q4 2023 total revenue of $245.5 million, highest fourth quarter on record(1)Q4 2023 GAAP diluted EPS of $0.10 and operating income margin of 7.0%Q4 2023 Adjusted diluted EPS of $0.12(2) and adjusted operating income margin of 7.4%(2)FY 2023 total revenue of $1.05 billion, highest full year on record(1)FY 2023 GAAP diluted EPS of $1.23 and operating income margin of 12.1%FY 2023 Adjusted diluted EPS of $1.37(2) and adjusted operating income margin of 13.0%(2), highest full year on record(1) MINNEAPOLIS, Jan. 31, 2024 (GLOBE NEWSWIRE) — Sun Country Airlines Holdings, Inc. (“Sun Country Airlines,” “Sun Country,” the “Company”) (NASDAQ: SNCY) today reported financial results for its fourth quarter and full year ended December 31, 2023. “We are excited that Sun Country’s uniquely diversified business model, and the efforts of our outstanding...

Qorvo® to Acquire Anokiwave

Written by Customer Service on January 31, 2024. Posted in Mergers And Acquisitions.

Anokiwave’s Solutions Expand Qorvo’s Addressable Opportunities in D&A, SATCOM and 5G Markets GREENSBORO, N.C., Jan. 31, 2024 (GLOBE NEWSWIRE) — Qorvo® (Nasdaq:QRVO), a leading global provider of connectivity and power solutions, today announced it has reached a definitive agreement to acquire Anokiwave, a leading supplier of high performance silicon integrated circuits (ICs) for intelligent active array antennas for D&A, SATCOM and 5G applications. The transaction is expected to close during the March quarter. Anokiwave is based in Boston, MA, and operates design centers and sales offices in Boston, MA and San Diego, CA. The Anokiwave team will join Qorvo’s High Performance Analog (HPA) segment and will continue to develop beamformers and IF-RF solutions for defense phased array and AESA radar, electronic warfare, satellite...

Credit Acceptance Announces Fourth Quarter and Full Year 2023 Results

Written by Customer Service on January 31, 2024. Posted in Earnings Releases And Operating Results.

Southfield, Michigan, Jan. 31, 2024 (GLOBE NEWSWIRE) — Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) today announced consolidated net income of $93.6 million, or $7.29 per diluted share, for the three months ended December 31, 2023 compared to consolidated net income of $127.3 million, or $9.58 per diluted share, for the same period in 2022. Adjusted net income, a non-GAAP financial measure, for the three months ended December 31, 2023 was $129.1 million, or $10.06 per diluted share, compared to $156.1 million, or $11.74 per diluted share, for the same period in 2022. The following table summarizes our financial results: (In millions, except per share data) For the Three Months Ended For the Years Ended December 31, December 31, 2023 September...

Month: January 2024

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