Algoma Steel Group Reports Fiscal Third Quarter 2024 Financial Results

Written by Customer Service on February 6, 2024. Posted in Earnings Releases And Operating Results.

Steel Shipments and Adjusted EBITDA In-line with Previously Announced Expectations Delivered Year-over-year Improvement Across Nearly All Metrics Provides Further Update on Coke-Making Utilities Structure Collapse Reiterated Outlook on Transformative EAF Project with $509.9 Million Invested to Date and 86% of Anticipated Costs Under Contract SAULT STE. MARIE, Ontario, Feb. 06, 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, today announced results for its fiscal third quarter ended December 31, 2023. Unless otherwise specified, all amounts are in Canadian dollars. Business Highlights and Fiscal 2024 to Fiscal 2023 Third Quarter Comparisons Consolidated revenue of $615.4 million, compared to...

Silicon Motion Announces Results for the Period Ended December 31, 2023

Written by Customer Service on February 6, 2024. Posted in Public Companies.

Business Highlights Fourth quarter sales increased 17% Q/Q and increased 1% Y/Y SSD controller sales: 4Q increased 15% to 20% Q/Q and increased 0% to 5% Y/Y eMMC+UFS controller sales: 4Q increased 25% to 30% Q/Q and increased 20% to 25% Y/Y SSD solutions sales: 4Q decreased 5% to 10% Q/Q and decreased 45% to 50% Y/Y Announced annual cash dividend of $2.00 per ADS Financial Highlights 4Q 2023 GAAP 4Q 2023 Non-GAAP • Net sales $202.4 million (+17% Q/Q, +1% Y/Y) $202.4 million (+17% Q/Q, +1% Y/Y) • Gross margin 43.7% 44.1% • Operating margin 8.7% 13.8% • Earnings per diluted ADS $0.63 $0.93 Full Year 2023 GAAP Full Year 2023 Non-GAAP • Net sales $639.1 million (-32% Y/Y) $639.1 million (-32% Y/Y) • Gross margin 42.3% 43.0% • Operating margin 6.2% 11.9% • Earnings per diluted ADS $1.58 $2.27 TAIPEI,...

Stingray Reports Third Quarter Results for Fiscal 2024

Written by Customer Service on February 6, 2024. Posted in Public Companies.

Revenues reach $100M fueled by organic growth of 23.9% in Broadcast and Recurring Commercial Music Organic growth of 23.9% year-over-year in Broadcast and Recurring Commercial Music Revenues mainly due to strength in retail media advertising; Revenues increased 12.4% to $100.3 million from $89.2 million; Adjusted EBITDA(1) increased 12.2% to $38.6 million from $34.5 million. Adjusted EBITDA by segment was $27.9 million or 42.5% of revenues for Broadcasting and Commercial Music, $12.3 million or 35.6% of revenues for Radio and $(1.6) million for Corporate; Net income was $9.1 million ($0.13 per share(1)) compared with $12.9 million ($0.19 per share(1)); Adjusted Net income(1) increased to $18.5 million ($0.27 per share(1)) compared with $16.5 million ($0.24 per share(1)); Cash flow from operating activities increased 25.6% to $30.9 million...

Banco Itaú Chile Schedules Fourth Quarter 2023 Financial Results, Conference Call and Webcast

Written by Customer Service on February 6, 2024. Posted in Public Companies.

SANTIAGO, Chile, Feb. 06, 2024 (GLOBE NEWSWIRE) — BANCO ITAÚ CHILE (SSE: ITAUCL) announced today that it will release its results for the fourth quarter ended December 31, 2023, before the market opens in Santiago on Thursday, February 29, 2024. On Friday, March 1, 2024, at 11:00 A.M. Santiago time (9:00 A.M. ET), the Company’s management team will host a conference call to discuss the financial results. The call will be hosted by Gabriel Moura, Itaú Chile’s Chief Executive Officer; Rodrigo Couto, Itaú Chile’s Chief Financial Officer, and Claudia Labbé Montevecchi, Head of IR and Chief Sustainability Officer. Conference Call Details: Online registration: https://registrations.events/direct/Q4I61362 All participants must pre-register using this link to join the conference call. Upon registering, each participant will be provided...

Teck to Present at the BMO Global Metals, Mining & Critical Minerals Conference February 26, 2024

Written by Customer Service on February 6, 2024. Posted in Public Companies.

VANCOUVER, British Columbia, Feb. 06, 2024 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) President and Chief Executive Officer Jonathan Price will be presenting at the BMO Global Metals, Mining & Critical Minerals conference on Monday, February 26, 2024 at 2:30 p.m. Eastern/11:30 a.m. Pacific time. The investor presentation will include information on company strategy, financial performance, and outlook for the company’s business units. The presentation will be webcast through the following link at: https://app.webinar.net/87zPOJ6Owl9. Alternatively, the webcast with supporting slides will be available on Teck’s website at: www.teck.com. About TeckAs one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused...

Athabasca Oil Announces Closing of “Duvernay Energy Corporation” with Cenovus Energy and Provides Updated 2024 Guidance

Written by Customer Service on February 6, 2024. Posted in Public Companies.

CALGARY, Alberta, Feb. 06, 2024 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or “the Company”) is pleased to announce it has closed its previously announced transaction agreements (“Transaction”) to create Duvernay Energy Corporation (“Duvernay Energy”) with Cenovus Energy Inc. (“Cenovus”). Transaction Overview Duvernay Energy is a privately held subsidiary of Athabasca. Athabasca and Cenovus have contributed assets into Duvernay Energy combining Athabasca’s existing Duvernay assets, Athabasca’s new 100% working interest Duvernay assets and Cenovus’ 100% working interest Kaybob Duvernay assets. Athabasca owns a 70% equity interest in Duvernay Energy with Cenovus owning the remaining 30% equity interest. The Transaction closed on February 6, 2024 with an effective date of January 1, 2024. The...

Gaming and Leisure Properties Acquires Real Estate Assets of Tioga Downs Casino Resort for $175 Million

Written by Customer Service on February 6, 2024. Posted in Mergers And Acquisitions.

Enters into Initial 30-Year Master Lease Agreement WYOMISSING, Pa., Feb. 06, 2024 (GLOBE NEWSWIRE) — Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI”) announced today that it acquired the real estate assets of Tioga Downs Casino Resort (“Tioga Downs”) in Nichols, NY from American Racing & Entertainment, LLC (“American Racing”) for $175.0 million. Simultaneous with the acquisition, GLPI and American Racing entered into a triple-net master lease agreement for an initial 30-year term. The initial annual rent for the new master lease is $14.5 million and represents an 8.3% capitalization rate. The initial annualized rent coverage ratio for the lease is expected to be over 2.3x. Rent associated with the lease is subject to a fixed 1.75% annual escalation beginning with the first anniversary and a fixed annual escalation...

atai Life Sciences Appoints Anne Johnson as Chief Financial Officer

Written by Customer Service on February 6, 2024. Posted in Public Companies.

NEW YORK and BERLIN, Feb. 06, 2024 (GLOBE NEWSWIRE) — atai Life Sciences (NASDAQ: ATAI) (“atai” or “Company”) today announced that Anne Johnson, the Company’s interim Chief Financial Officer since October 2023 and Chief Accounting Officer since August 2022, has been named Chief Financial Officer (CFO). Anne succeeds Stephen Bardin as the Company’s CFO while Stephen will continue in an advisory role until March 31, 2024 to support the transition. “Anne has been an integral member of our team for over three years and has demonstrated the executive leadership, financial acumen, and track record to lead our financial organization with excellence,” said atai Co-founder and Chief Executive Officer, Florian Brand. “With her deep technical expertise and detailed knowledge of both the biopharmaceutical industry and atai’s operating model,...

Finning reports Q4 and Annual 2023 results

Written by Customer Service on February 6, 2024. Posted in Public Companies.

VANCOUVER, British Columbia, Feb. 06, 2024 (GLOBE NEWSWIRE) — Finning International Inc. (TSX: FTT) (“Finning”, the “Company”, “we”, “our” or “us”) reported fourth quarter and annual 2023 results today. All monetary amounts are in Canadian dollars unless otherwise stated. HIGHLIGHTSAll comparisons are to Q4 2022 and full year 2022 results unless indicated otherwise. Q4 2023 EPS (1) of $0.59 included a $0.37 per share foreign exchange loss in Argentina due to prolonged government currency restrictions and the significant subsequent devaluation of the Argentine peso. Excluding this and other significant items described on page 8, Adjusted EPS (2)(4) of $0.96 was up 7% compared to Q4 2022. Q4 2023 revenue of $2.7 billion was flat and net revenue (2) of $2.4 billion was up 1%. This included used equipment sales growth of 48%. Q4 2023...

Gran Tierra Energy Inc. Announces Closing of an Additional $100 Million Aggregate Principal Amount of its 9.500% Senior Secured Amortizing Notes due 2029

Written by Customer Service on February 6, 2024. Posted in Public Companies.

CALGARY, Alberta, Feb. 06, 2024 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced that it has completed its previously announced offering of an additional $100 million aggregate principal amount of its previously issued 9.500% Senior Secured Amortizing Notes due 2029 (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act, and pursuant to certain prospectus exemptions in Canada. Gran Tierra previously had US$487,590,000 aggregate principal amount outstanding of its 9.500% Senior Secured...

Day: February 6, 2024

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