Day: February 21, 2024

Tenaris Announces 2023 Fourth Quarter and Annual Results

Written by Customer Service on February 21, 2024. Posted in Earnings Releases And Operating Results.

The financial and operational information contained in this press release is based on audited consolidated financial statements presented in U.S. dollars and prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS Accounting Standards. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Free Cash Flow, Net cash / debt and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, Feb. 21, 2024 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) today announced its results for the fourth quarter and year ended December 31, 2023 with comparison to its results for the fourth quarter...

Ormat Technologies Reports Fourth Quarter and Year-End 2023 Financial Results

Written by Customer Service on February 21, 2024. Posted in Earnings Releases And Operating Results.

DELIVERED A 77.8% INCREASE IN ANNUAL DILUTED EPS AND A 25.0% INCREASE IN ANNUAL ADJUSTED DILUTED EPS COMPARED TO PRIOR YEAR COMPANY ON TRACK TO MEET 2026 GENERATING CAPACITY GOALS OF 2.1 TO 2.3 GW HIGHLIGHTSTOTAL REVENUES FOR THE FOURTH QUARTER INCREASED BY 17.4% YEAR–OVER–YEAR DRIVEN BY GROWTH IN BOTH THE ELECTRICITY AND PRODUCT SEGMENTS OPERATING INCOME INCREASED BY 70.8% FOR THE FOURTH QUARTER AND 9.0% FOR THE FULL YEAR COMPARED TO 2022 ORMAT ANNOUNCES FULL YEAR 2024 ADJUSTED EBITDA OUTLOOK OF $515 TO $545 MILLION, WITH ADDITIONAL $40 MILLION EXPECTED THROUGH REDUCED TAX EXPENSE AS A RESULT OF ITC BENEFITSRENO, Nev., Feb. 21, 2024 (GLOBE NEWSWIRE) — Ormat Technologies, Inc. (NYSE: ORA) (the “Company,” “Ormat,” “we” or “us”), a leading renewable energy company, today announced financial results for the fourth...

Genco Shipping & Trading Limited Announces Q4 2023 Financial Results

Written by Customer Service on February 21, 2024. Posted in Dividend Reports And Estimates.

Executes on All Three Pillars of Value Strategy Related to Dividends, Deleveraging and Growth Declares Dividend of $0.41 per share for Q4 2023; Represents Genco’s 18th Consecutive Quarterly Dividend Totaling $5.155 Per Share NEW YORK, Feb. 21, 2024 (GLOBE NEWSWIRE) — Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today reported its financial results for the three months and twelve months ended December 31, 2023. Fourth Quarter 2023 and Year-to-Date HighlightsDividend: Declared a $0.41 per share dividend for Q4 202318th consecutive quarterly payout Cumulative dividends of $5.155 per share or 29% of our share price1 Q4 2023 dividend is payable on or about March 13, 2024 to all shareholders of record...

HII Begins Topside EMALS Testing on John F. Kennedy (CVN 79) at Newport News Shipbuilding

Written by Customer Service on February 21, 2024. Posted in Public Companies.

Kennedy (CVN 79) Dead Load TestingHII’s Newport News Shipbuilding division recently began topside testing of the electromagnetic aircraft launch system (EMALS) on aircraft carrier John F. Kennedy (CVN 79) (Photo by Ashley Cowan/HII).NEWPORT NEWS, Va., Feb. 21, 2024 (GLOBE NEWSWIRE) — HII (NYSE: HII) announced today that its Newport News Shipbuilding division (NNS) recently began topside testing of the electromagnetic aircraft launch system (EMALS) on aircraft carrier John F. Kennedy (CVN 79). EMALS, first integrated into USS Gerald R. Ford (CVN 78), replaces the existing steam catapults currently in use on the U.S. Navy’s Nimitz-class aircraft carriers. Following successful “no-load” testing on catapults one and two, known as the ‘bow cats,’ the NNS team, alongside the John F. Kennedy crew, has now started “dead-load”...

THE MOST ADVANCED HYDROGEN (H2) (HHO) REACTOR IN GREEN ENERGY TECHNOLOGY

Written by Customer Service on February 21, 2024. Posted in Public Companies.

Wall Township, NJ, Feb. 21, 2024 (GLOBE NEWSWIRE) — Coates International, Ltd. is now preparing for tests on its latest natural gas and hydrogen (H2) (HHO) CSRV 250 KW Electric Power Generator and Hydrogen (H2) (HHO) reactor. Company President and CEO, Mr. George J. Coates EE ME, commented “People involved in the testing are so excited that they are not paying attention to the press releases.” On one of the hydrogen + diesel 250KW tests the following results were produced: a one-hour test under a load of 225 KW, 319 Amps, 1800 RPM, fuel consumption of diesel 43.1%, hydrogen (H2) (HHO) 54.9%. The Coates Hydrogen (H2) (HHO) Reactor energy used 2.5% = 2.5 KW, reactor temperature 120°F, engine temperature 152°F, exhaust temperature 700°F. Emissions: CO 0.00 CO2 6.3 O2 13.2 NOX .03850 HC .0009 One-hour...

Veteran Real Estate Professional to Head Tejon Ranch’s First Residential Multi-Family Community, Terra Vista at Tejon

Written by Customer Service on February 21, 2024. Posted in Public Companies.

TEJON RANCH, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) — Tejon Ranch Co. (TRC: NYSE) announced today the hiring of Chris Wilson as Vice President of Real Estate. Wilson will oversee the construction, lease-up and operations of the Terra Vista at Tejon apartment community. He brings over 23 years of experience in construction management and senior project management including the successful delivery of several quality multifamily projects in California. Wilson also brings strong experience in commercial, medical, and concrete tilt development projects as well. Terra Vista at Tejon is the Company’s first residential development and will complete the well-rounded progression of the Company to a fully integrated real estate development organization. This development will also begin Tejon Ranch Commerce Center’s (TRCC’s) transition to...

Avis Budget Group Announces Pricing of €600 Million of Senior Notes

Written by Customer Service on February 21, 2024. Posted in Public Companies.

PARSIPPANY, N.J., Feb. 21, 2024 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) (the “Company”) announced today that its wholly-owned subsidiary, Avis Budget Finance plc (the “Issuer”), priced a private offering of €600 million aggregate principal amount of 7.00% senior notes due 2029 (the “Notes”), which represents a €200 million increase from the previously announced size of the offering. The Notes will have a maturity date of February 28, 2029. The closing of the offering of the Notes is expected to occur on February 28, 2024, subject to customary closing conditions. The Notes will be issued at par and guaranteed on a senior unsecured basis by the Company and certain of its U.S. subsidiaries. The Company intends to use the net proceeds from the Notes offering to redeem all of the Issuer’s outstanding 4.750% senior notes...

Confirmation of solid fundamentals for the Group, in a very de-pressed price environment in 2023

Written by Customer Service on February 21, 2024. Posted in Earnings Releases And Operating Results.

Paris, 21 February 2024, 6:30 p.m. PRESS RELEASE Confirmation of solid fundamentals for the Group, in a very depressed price environment in 2023Excellent intrinsic performance in second half (+€230m, for a total of +€153m over the year) leading to adjusted EBITDA1 at €772m in 2023, in a depressed price environment on a full-year basis (-€1,373m):New record for nickel ore volumes in Indonesia (+72% at 36.3 Mwmt)Rebound in manganese ore production in Gabon in H2 2023 (+22% vs. H2 2022) reaching stable production over the year (at 7.4 Mt)Very strong decline in selling prices for all of the Group’s markets, notably manganese, and class II nickel Limited decline in input costs, compared to the decline in pricesNet income, Group share positive at €109m, including the asset impairment related to SLN(*)Solid performance...

Five Star Bancorp invests in San Francisco Bay Area expansion strategy by hiring five commercial banking professionals and planning full-service office in San Francisco

Written by Customer Service on February 21, 2024. Posted in Public Companies.

Five Star Bancorp seeks to fill a San Francisco Bay Area gap in high-tech, personalized concierge banking left by Silicon Valley Bank and First Republic Bank failures RANCHO CORDOVA, Calif., Feb. 21, 2024 (GLOBE NEWSWIRE) — Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”) announced the hiring of a team of five seasoned commercial banking professionals in San Francisco to advance the Company’s expansion strategy in the San Francisco Bay Area. The Company also announced it expects to open a full-service office at 345 California Street, San Francisco, in the third quarter of 2024. The Company is adding five members to an existing team of proven Bay Area commercial banking professionals led by Five Star Bank’s San Francisco Bay Area Region President DJ Kurtze. The team will champion clients and advocate for the community...

Euro Manganese Inc. Engages North American and Australian Communications Advisors

Written by Customer Service on February 21, 2024. Posted in Public Companies.

VANCOUVER, British Columbia, Feb. 21, 2024 (GLOBE NEWSWIRE) — Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (the “Company” or “EMN”) is pleased to announce the appointment of North American and Australian investor relations advisors to assist the Company in raising greater awareness within the investment community. The Company has engaged LodeRock Advisors Inc. (“LodeRock”) effective February 8, 2024 as its investor relations advisor in North America. Concurrently, effective February 14, 2024, the Company has appointed Jane Morgan Management Pty Ltd. (“JMM”) as its investor relations advisor in Australia. Both firms provide numerous investor relations services for publicly traded companies, including assisting in disseminating press releases, assisting in...

Day: February 21, 2024

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