Day: February 1, 2024

Glacier Bancorp Completes Acquisition of Community Financial Group, Inc. in Spokane, Washington

Written by Customer Service on February 1, 2024. Posted in Mergers And Acquisitions.

KALISPELL, Mont., Feb. 01, 2024 (GLOBE NEWSWIRE) — Glacier Bancorp, Inc. (“Glacier”) (NYSE: GBCI), today announced the completion of its acquisition of Community Financial Group, Inc. (“CFGW”) (OTC: CFGW), the bank holding company for Wheatland Bank headquartered in Spokane, Washington. A new division, “Wheatland Bank, a Division of Glacier Bank” will be formed and the existing North Cascades division will be combined into Wheatland Bank. The Wheatland Bank division will operate through 23 branches in Central and Eastern Washington and will be a Top 5 community bank by deposit market share. As of September 30, 2023, Wheatland had total assets of $763 million, total loans of $491 million, and total deposits of $609 million. Wheatland Bank, a Division of Glacier Bank, will operate under the leadership of Susan M. Horton, who served...

TopBuild to Acquire Pest Control Insulation

Written by Customer Service on February 1, 2024. Posted in Mergers And Acquisitions.

National Specialty Distributor of Customized Insulation Products$24 Million Annual RevenueBlue Chip Client Base DAYTONA BEACH, Fla., Feb. 01, 2024 (GLOBE NEWSWIRE) — TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada, has entered into an agreement to acquire the assets of Pest Control Insulation, a specialty distribution company focused on blended, customized insulation products, accessories, and equipment for sale exclusively to the pest control industry. Pest Control Insulation’s national customer base includes some of the largest pest control services companies in the country. In 2023, Pest Control Insulation generated approximately $24 million of revenue. The transaction is expected to close within...

Matthews International Reports Results for Fiscal 2024 First Quarter

Written by Customer Service on February 1, 2024. Posted in Earnings Releases And Operating Results.

Fiscal 2024 First Quarter Financial Highlights:Consolidated sales of $450.0 million, compared to $449.2 million a year ago Industrial Technologies and Memorialization report another quarter of sales growth Adjusted EBITDA for SGK Brand Solutions higher than a year ago Company renews $750 million revolving credit facility in January 2024 Fiscal 2024 outlook remains unchangedPITTSBURGH, Feb. 01, 2024 (GLOBE NEWSWIRE) — Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for its first quarter of fiscal 2024. In discussing the results for the Company’s fiscal 2024 first quarter, Joseph C. Bartolacci, President and Chief Executive Officer, stated: “Our operating performance for the fiscal 2024 first quarter was generally in line with our expectations across our businesses, except energy solutions....

ARMOUR Residential REIT, Inc. Announces February 2024 Dividend Rate Per Common Share and Tax Allocation for 2023 Dividends

Written by Customer Service on February 1, 2024. Posted in Dividend Reports And Estimates.

VERO BEACH, Florida, Feb. 01, 2024 (GLOBE NEWSWIRE) — ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR-PRC) (“ARMOUR” or the “Company”) today announced the February 2024 cash dividend for the Company’s Common Stock and the tax allocation for dividends paid to stockholders in 2023. February 2024 Common Stock Dividend InformationMonth Dividend Holder of Record Date Payment DateFebruary 2024 $0.24 February 15, 2024 February 28, 2024 2023 Dividend Tax Allocations ARMOUR’s Series C Preferred Stock (ARR-PRC) dividends for 2023 are 100.00% fully taxable ordinary income. ARMOUR’s common stock (ARR) dividends for 2023 are 52.54% taxable ordinary income and 47.46% non-taxable return of capital. The tax reporting forms are available on the Company website at https://www.armourreit.com/stock-information/dividends/. ARMOUR...

Microchip Technology Announces Financial Results for Third Quarter of Fiscal Year 2024

Written by Customer Service on February 1, 2024. Posted in Earnings Releases And Operating Results.

Net sales of $1.766 billion, down 21.7% sequentially and down 18.6% from the year ago quarter. Our preliminary net sales results provided on January 8, 2024 was for net sales to be down 22% sequentially. On a GAAP basis: gross profit of 63.4%; operating income of $529.4 million and 30.0% of net sales; net income of $419.2 million; and EPS of $0.77 per diluted share. Our guidance provided on November 2, 2023 was for GAAP EPS of $0.68 to $0.76 per diluted share. On a Non-GAAP basis: gross profit of 63.8%; operating income of $728.1 million and 41.2% of net sales; net income of $592.7 million and EPS of $1.08 per diluted share. Our guidance provided on November 2, 2023 was for Non-GAAP EPS of $1.09 to $1.17 per diluted share. Returned approximately $352.0 million to shareholders in the December quarter through dividends of $237.4 million...

Microchip Technology Increases Quarterly Cash Dividend 25.7% Year-Over-Year to 45.0 Cents Per Share

Written by Customer Service on February 1, 2024. Posted in Dividend Reports And Estimates.

CHANDLER, Ariz., Feb. 01, 2024 (GLOBE NEWSWIRE) — (NASDAQ: MCHP) — Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that its Board of Directors declared a quarterly cash dividend on its common stock of 45.0 cents per share. The dividend is payable on March 8, 2024, to stockholders of record on February 23, 2024. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 80 times since its inception. “Microchip’s financial performance in the December 2023 quarter fell short of our guidance, however, cash generation remained strong and we continued to make progress towards our capital return strategy,” said Steve Sanghi, Executive Chair. “Today, our Board of Directors approved a...

The Ensign Group Reports Fiscal Year and Fourth Quarter 2023 Results; Issues 2024 Earnings Guidance

Written by Customer Service on February 1, 2024. Posted in Earnings Releases And Operating Results.

Conference Call and Webcast scheduled for tomorrow, February 2, 2024 at 10:00 am PT SAN JUAN CAPISTRANO, Calif., Feb. 01, 2024 (GLOBE NEWSWIRE) — The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign(TM) group of companies, which provide post-acute healthcare services and invest in the long-term healthcare industry, primarily in skilled nursing and senior living facilities, announced operating results for the fiscal and fourth quarter of 2023, reporting GAAP diluted earnings per share of $3.65 and adjusted earnings per share(1) of $4.77 for the year. Ensign also reported GAAP diluted earnings per share of $0.38 and adjusted earnings per share(1) of $1.28 for the quarter ended December 31, 2023. Highlights Include:Consolidated GAAP and adjusted revenues for the year were $3.73 billion, an increase of 23.3% over...

Exponent Reports Fourth Quarter and Fiscal Year 2023 Financial Results

Written by Customer Service on February 1, 2024. Posted in Earnings Releases And Operating Results.

MENLO PARK, Calif., Feb. 01, 2024 (GLOBE NEWSWIRE) — Exponent, Inc. (Nasdaq: EXPO) today reported financial results for the fourth quarter and fiscal year 2023 ended December 29, 2023. “Exponent’s world class team of experts delivered a 7% increase in net revenues in 2023, advising clients across industries with a highly diversified portfolio of services. Notably, our reactive business grew in the high-teens year over year, driven by robust failure investigations and dispute-related work. Exponent’s leadership in high-profile failure analysis, from wildfire events to advanced transportation and more, has continued to expand as we further differentiate our experience in this portion of the business,” commented Dr. Catherine Corrigan, President and Chief Executive Officer. “As reactive work expanded, our team also continued to address...

Leslie’s, Inc. Announces First Quarter Fiscal 2024 Financial Results

Written by Customer Service on February 1, 2024. Posted in Earnings Releases And Operating Results.

Sales of $174.0 million Net Loss of $39.6 million Adjusted EBITDA of $(24.4) million Diluted earnings per share of $(0.21); Adjusted diluted earnings per share of $(0.20) Company reaffirms fiscal 2024 outlookPHOENIX, Feb. 01, 2024 (GLOBE NEWSWIRE) — Leslie’s, Inc. (“Leslie’s”, “we”, “our”, “its”, or “Company”; NASDAQ: LESL), the largest and most trusted direct-to-consumer brand in the U.S. pool and spa care industry, today announced its financial results for the first quarter of fiscal 2024. Mike Egeck, Chief Executive Officer, said, “Our first quarter results were in line with or ahead of our expectations and topline performance showed sequential improvement each month throughout the quarter, supported by more normalized weather. While we continue to work through the impact of the pricing actions we took in June 2023, we...

Pathfinder Bancorp, Inc. Announces Fourth Quarter 2023 Net Income of $2.5 Million and Full Year Net Income of $9.3 Million

Written by Customer Service on February 1, 2024. Posted in Earnings Releases And Operating Results.

Highlights Include Effective Expense Management and Resilient Operational Performance OSWEGO, N.Y., Feb. 01, 2024 (GLOBE NEWSWIRE) — Pathfinder Bancorp, Inc. (“Company”) (NASDAQ: PBHC), the holding company for Pathfinder Bank (“Bank”), announced fourth quarter 2023 net income available to common shareholders of $2.5 million, or $0.41 per basic and diluted share, compared to $3.5 million, or $0.58 per basic and diluted share, for the fourth quarter of 2022. For the full year 2023, total net income attributable to Pathfinder Bancorp, Inc. was $9.3 million, or $1.51 per basic and diluted share, compared to $12.9 million, or $2.13 per basic and diluted share, in 2022. Performance Highlights for Three Months Ended December 31, 2023: Pathfinder Bancorp, Inc. reported net income for the quarter of $2.5 million, a decrease from the $3.5...

Day: February 1, 2024

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