CVR Energy Reports Fourth Quarter and Full-Year 2023 Results and Announces a Cash Dividend of 50 Cents Per Share

Written by Customer Service on February 20, 2024. Posted in Earnings Releases And Operating Results.

Reported full-year 2023 net income attributable to CVR Energy stockholders of $769 million and EBITDA of $1.4 billion. Declared quarterly cash dividend of 50 cents for the fourth quarter 2023, bringing the cumulative cash dividends declared for 2023 to $4.50 per share. CVR Partners (NYSE: UAN) declared a fourth quarter 2023 cash distribution of $1.68 per common unit, bringing the cumulative cash distributions declared for 2023 to $17.80 per common unit. SUGAR LAND, Texas, Feb. 20, 2024 (GLOBE NEWSWIRE) — CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced fourth quarter 2023 net income attributable to CVR Energy stockholders of $91 million, or 91 cents per diluted share, on net sales of $2.2 billion, compared to fourth quarter 2022 net income attributable to CVR Energy stockholders of $112 million, or...

CVR Partners Reports Fourth Quarter and Full-Year 2023 Results and Announces a Cash Distribution of $1.68

Written by Customer Service on February 20, 2024. Posted in Earnings Releases And Operating Results.

Declared a fourth quarter 2023 cash distribution of $1.68 per common unit, bringing the cumulative cash distributions declared for 2023 to $17.80 per common unit. Achieved a combined ammonia utilization rate of 100 percent for the full-year 2023. SUGAR LAND, Texas, Feb. 20, 2024 (GLOBE NEWSWIRE) — CVR Partners, LP (“CVR Partners” or the “Partnership”) (NYSE: UAN), a manufacturer of ammonia and urea ammonium nitrate (“UAN”) solution fertilizer products, today announced net income of $10 million, or 94 cents per common unit, on net sales of $142 million for the fourth quarter of 2023, compared to net income of $95 million, or $9.02 per common unit, on net sales of $212 million for the fourth quarter of 2022. EBITDA was $38 million for the fourth quarter of 2023, compared to EBITDA of $122 million for the fourth quarter of 2022. CVR...

Toll Brothers Reports FY 2024 1st Quarter Results

Written by Customer Service on February 20, 2024. Posted in Earnings Releases And Operating Results.

Estates at Bamm Hollow Lincroft, NJ FORT WASHINGTON, Pa., Feb. 20, 2024 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL) (TollBrothers.com), the nation’s leading builder of luxury homes, today announced results for its first quarter ended January 31, 2024. FY 2024’s First Quarter Financial Highlights (Compared to FY 2023‘s First Quarter): Net income and earnings per share were $239.6 million and $2.25 per diluted share, compared to net income of $191.5 million and $1.70 per diluted share in FY 2023’s first quarter. Pre-tax income was $311.2 million, compared to $253.8 million in FY 2023’s first quarter. Home sales revenues were $1.93 billion, up 10% compared to FY 2023’s first quarter; delivered homes were 1,927, up 6%. Net signed contract value was $2.06 billion, up 42% compared to FY 2023’s first quarter; contracted...

First Quantum Minerals Reports Fourth Quarter and Year-End 2023 Results

Written by Customer Service on February 20, 2024. Posted in Earnings Releases And Operating Results.

(In United States dollars, except where noted otherwise) TORONTO, Feb. 20, 2024 (GLOBE NEWSWIRE) — First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) today reports results for the three months ended December 31, 2023 (“Q4 2023” or the “fourth quarter”) of a net loss attributable to shareholders of the Company of $1,447 million ($2.09 loss per share) and an adjusted loss1 of $259 million ($0.37 adjusted loss per share2). For the year ended December 31, 2023, the Company reported a net loss attributable to shareholders of the Company of $954 million ($1.38 basic loss per share) and adjusted earnings1 of $261 million ($0.38 adjusted earnings per share2). “2023 closed with the Company facing one of its biggest challenges in recent history. However, I am confident in the resilience of First Quantum...

Archrock Reports Fourth Quarter and Full Year 2023 Results and Provides 2024 Guidance

Written by Customer Service on February 20, 2024. Posted in Earnings Releases And Operating Results.

HOUSTON, Feb. 20, 2024 (GLOBE NEWSWIRE) — Archrock, Inc. (NYSE: AROC) (“Archrock”) today reported results for the fourth quarter and full year 2023 and provided 2024 guidance. Fourth Quarter and Full Year 2023 Highlights Revenue for the fourth quarter of 2023 was $259.6 million compared to $218.9 million in the fourth quarter of 2022. Revenue for 2023 was $990.3 million compared to $845.6 million in 2022. Net income for the fourth quarter of 2023 was $33.0 million compared to $10.5 million in the fourth quarter of 2022. Net income for 2023 was $105.0 million compared to $44.3 million in 2022. Adjusted EBITDA (a non-GAAP measure defined below) for the fourth quarter of 2023 was $120.3 million compared to $89.0 million in the fourth quarter of 2022. Adjusted EBITDA for 2023 was $450.4 million compared to $363.3 million in 2022. Leverage...

GeneDx Reports Fourth Quarter and Full Year 2023 Financial Results and Issues Guidance for Full Year 2024

Written by Customer Service on February 20, 2024. Posted in Earnings Releases And Operating Results.

Reported fourth quarter 2023 revenue from continuing operations1 of $58.1M with more than 68% year-over-year growth of exome and genome test revenue Expanded fourth quarter 2023 adjusted gross margins2 from continuing operations to 56% Narrowed fourth quarter 2023 adjusted net loss2 to $17.8M and delivered 51% year-over-year cash burn reduction Issued guidance to deliver between $220M and $230M in FY 2024 revenue and reiterate path to profitability in 2025 GeneDx to host conference call today at 4:30 p.m. ET STAMFORD, Conn., Feb. 20, 2024 (GLOBE NEWSWIRE) — GeneDx Holdings Corp. (Nasdaq: WGS), a leader in delivering improved health outcomes through genomic and clinical insights, today reported its financial results for the fourth quarter and full year of 2023. “Our strong fourth quarter results were a product of our relentless...

Universal Security Instruments Reports Third-Quarter Results

Written by Customer Service on February 20, 2024. Posted in Earnings Releases And Operating Results.

OWINGS MILLS, Md., Feb. 20, 2024 (GLOBE NEWSWIRE) — Universal Security Instruments, Inc. (NYSE AMEX: UUU) today announced results for its fiscal third quarter and nine months ended December 31, 2023. For the three months ended December 31, 2023, sales decreased 19.2% to $4,654,978 compared to sales of $5,758,661 for the same period last year. The Company reported net income of $102,176, or $0.04 per basic and diluted share, compared to net income of $341,312 or $0.15 per basic and diluted share for the same period last year. For the nine months ended December 31, 2023, sales decreased 7.3% to $15,071,204 versus $16,251,106 for the same period last year. The Company reported net income of $80,881, or $0.03 per basic and diluted share, compared to net income of $435,776 or $0.19, per basic and diluted share for the corresponding...

Globus Medical Reports Fourth Quarter and Full Year 2023 Results

Written by Customer Service on February 20, 2024. Posted in Earnings Releases And Operating Results.

AUDUBON, Pa., Feb. 20, 2024 (GLOBE NEWSWIRE) — Globus Medical, Inc. (NYSE: GMED), a leading musculoskeletal technology company, today announced its financial results for the fourth quarter and year ended December 31, 2023. Fourth Quarter 2023: Worldwide net sales were $616.5 million, an increase of 124.6%, or 123.8% on a constant currency basis GAAP net income for the quarter was $15.0 million GAAP diluted earnings per share (“EPS”) was $0.11 and non-GAAP diluted EPS was $0.60 Non-GAAP adjusted EBITDA was $170.0 million, or 27.6% of net sales Full Year 2023: Worldwide net sales were $1,568.5 million, an increase of 53.3% on an actual and constant currency basis GAAP net income for the year was $122.9 million GAAP diluted EPS was $1.07 and non-GAAP diluted EPS was $2.32 Non-GAAP adjusted EBITDA was $464.1 million, or 29.6% of...

La-Z-Boy Incorporated Reports Third Quarter Results

Written by Customer Service on February 20, 2024. Posted in Earnings Releases And Operating Results.

La-Z-Boy Reports Fiscal 2024 Third Quarter Results Consolidated delivered sales of $500 million Up 5% versus our most recent pre-pandemic third quarter Down 13% versus year ago period Results impacted by winter weather events in January Gross margin expansion on GAAP and Non-GAAP basis, across all segments GAAP diluted EPS of $0.66 Non-GAAP diluted EPS of $0.67 Generated $48 million in operating cash flow for the quarter; $105 million year to date Acquired six independent La-Z-Boy Furniture Galleries® stores Additional two-store acquisition planned for fourth quarter MONROE, Mich., Feb. 20, 2024 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE: LZB), a global leader in the manufacture and retail of residential furniture, today reported third quarter results for the period ended January 27, 2024. For the quarter, sales...

SiriusPoint reports 89.1% Combined ratio for its Core operations with Net Income up $742m from FY 22

Written by Customer Service on February 20, 2024. Posted in Earnings Releases And Operating Results.

HAMILTON, Bermuda, Feb. 20, 2024 (GLOBE NEWSWIRE) — SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT) today announced results for its fourth quarter ended December 31, 2023. Strong progress in 2023 as we deliver record underwriting profits, net services fee income and net income, while growing book value per share by 18%. Cost program completed a year in advance and we have over-delivered on our 2023 guidance on net investment income. Record ROE at 16.2% for 2023, ahead of our guidance of achieving double-digit ROE in 2024, even after excluding one-off adjustments. We now aim to deliver 12-15% ROE during the medium term. Balance sheet is stronger and of higher quality. Capital surplus increased given organic capital generation and strategic actions, debt and asset leverage reduced while reserve position remains conservative...

Day: February 20, 2024

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