Day: February 28, 2024

THORNTON, Colo., Feb. 28, 2024 (GLOBE NEWSWIRE) — MYR Group Inc. (“MYR”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced today its fourth-quarter and full year 2023 financial results. Fourth Quarter 2023 HighlightsRecord quarterly revenues of $1.00 billion Strong quarterly net income of $24.0 million, or $1.43 per diluted share Record quarterly EBITDA of $52.8 millionFull Year 2023 HighlightsRecord full-year revenues of $3.64 billion Record full-year net income of $91.0 million, or $5.40 per diluted share Record full-year EBITDA of $188.2 million Strong backlog of $2.51 billion  Management CommentsRick Swartz, MYR’s President and CEO, said, “We finished 2023 with solid...

DELAWARE, Ohio, Feb. 28, 2024 (GLOBE NEWSWIRE) — Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced first quarter 2024 results. First Quarter Financial Highlights include (all results compared to the first quarter of 2023 unless otherwise noted):Net income of $67.2 million or $1.17 per diluted Class A share decreased compared to net income of $89.9 million or $1.54 per diluted Class A share. Net income, excluding the impact of adjustments(1), of $72.8 million or $1.27 per diluted Class A share increased compared to net income, excluding the impact of adjustments, of $61.9 million or $1.06 per diluted Class A share. Adjusted EBITDA(2) of $128.0 million decreased by $36.5 million compared to Adjusted EBITDA of $164.5 million. Net cash provided by operating activities decreased...

— Record Fourth Quarter Net Sales Rise 14.4 Percent to $1.73 Billion —— Net Sales, Adjusted for Adverse Changes in Foreign Currency of $27.1 Million, Rise 16.1 Percent —— Gross Profit as a Percentage of Net Sales Improves to 54.2 Percent on a Reported Basis and to 54.5 Percent Excluding the Bang Inventory Step-Up —— Fourth Quarter Net Income Increases 21.6 Percent to $367.0 Million —— Fourth Quarter Net Income, Excluding Alcohol Brands Segment Impairment Charges and the Bang Inventory Step-Up, Increases 33.1 Percent to $401.5 Million — CORONA, Calif., Feb. 28, 2024 (GLOBE NEWSWIRE) — Monster Beverage Corporation (NASDAQ: MNST) today reported financial results for the three- and twelve-months ended December 31, 2023. Fourth Quarter ResultsNet sales for the 2023 fourth quarter...

HOUSTON, Feb. 28, 2024 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the fourth quarter and full year ended December 31, 2023. Highlights for the quarter ended December 31, 2023:Contract revenues of $201.6 million GAAP net loss was $4.4 million or $0.13 per diluted share Adjusted net income was $2.6 million or $0.08 per diluted share Adjusted EBITDA was $14.8 million Backlog and contracts awarded subsequent to quarter end totaled $883 millionHighlights for the year ended December 31, 2023:Contract revenues of $711.8 million GAAP net loss was $17.9 million or $0.55 per diluted share Adjusted net loss was $11.4 million or $0.35 per diluted share Adjusted EBITDA was $23.8 millionSee definitions and reconciliation...

– Quarterly Revenue of $130.4 million, up 38% Year-Over-Year – – Gross Margin of 42.5% – – Net Income of $16.6 million – – Adjusted EBITDA of $39.1 million – – Backlog and Awarded Orders Increased 47% Year-Over-Year to $631.3 million – – Provides First Quarter and Full Year 2024 Outlook – PORTLAND, Tenn., Feb. 28, 2024 (GLOBE NEWSWIRE) — Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a leading provider of electrical balance of system (“EBOS”) solutions for solar, battery storage, and electric vehicle charging infrastructure, today announced results for its fourth quarter ended December 31, 2023. “Shoals continued its strong growth trajectory in the fourth quarter, with revenue growing 38% year-over-year, reflecting the exceptional dedication and execution of the management team and associates,” said...

PLANO, Texas, Feb. 28, 2024 (GLOBE NEWSWIRE) — Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., today announced results for its fourth quarter and full year ending December 31, 2023. Fourth Quarter 2023 Financial HighlightsGAAP total revenue of $71.4 million, an increase of 29% compared to the year-ago quarter; GAAP gross margin of 56%, compared to 52% in the year-ago quarter; Non-GAAP gross margin of 60%, compared to 56% in the year-ago quarter; GAAP net loss of $(12.7) million, compared to $(4.9) million in the year-ago quarter; and Adjusted EBITDA of $3.1 million, compared to a loss of $(4.0) million in the year-ago quarter.Full Year 2023 Financial HighlightsGAAP total revenue of $264.8 million, an increase of 30% compared...

IRVINE, Calif., Feb. 28, 2024 (GLOBE NEWSWIRE) — Inari Medical, Inc. (NASDAQ: NARI) (“Inari”), a medical device company with a mission to treat and transform the lives of patients suffering from venous and other diseases, today reported financial results for its fourth quarter and full year ended December 31, 2023. Fourth Quarter Financial and Recent Business HighlightsGenerated revenue of $132.1 million in Q4 of 2023, up 22.6% over the same quarter last year. GAAP operating loss was $9.3 million in Q4 of 2023, compared to a $5.9 million operating loss in the same quarter of last year. Non-GAAP operating loss was $0.3 million in Q4 of 2023, compared to a $5.9 million non-GAAP operating loss in the same quarter of last year. Closed LimFlow acquisition on November 15, 2023. Completed enrollment in the PEERLESS randomized controlled...

– Q4 2023 Net Income of $14.6 Million, or $2.16 per Diluted Share – – Full Year 2023 Net Income of $50.6 Million, or $7.39 per Diluted Share – VANCOUVER, Wash. , Feb. 28, 2024 (GLOBE NEWSWIRE) — Barrett Business Services, Inc. (“BBSI” or the “Company”) (NASDAQ: BBSI), a leading provider of business management solutions, reported financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Summary vs. Prior Year QuarterRevenues up 2% to $276.7 million. Gross billings up 5% to $2.05 billion. Average worksite employees (“WSEs”) up 2%. Increase in net income to $14.6 million, or $2.16 per diluted share, compared to $11.5 million, or $1.64 per diluted share.Full Year 2023 Financial Summary vs. 2022Revenues up 1% to $1.07 billion. Gross billings up 4% to...

Final Results Confirm 98% Sustained Virologic Response Rate at Week 4 Post-Treatment (SVR4) from Lead-in Cohort in Phase 2 HCV Study Enrollment in Phase 3 SUNRISE-3 Study Has Surpassed 1,400 COVID-19 Patients in Monotherapy Population; Two Interim Analyses by Independent Data Safety Monitoring Board (DSMB) Planned for 1H’24 with Topline Results Expected 2H’24 Conference Call at 4:30 pm ET Today BOSTON, Feb. 28, 2024 (GLOBE NEWSWIRE) — Atea Pharmaceuticals, Inc. (Nasdaq: AVIR) (Atea or Company), a clinical-stage biopharmaceutical company engaged in the discovery and development of oral antiviral therapeutics for serious viral diseases, today reported financial results for the fourth quarter and full year ended December 31, 2023 and provided a business update. “2023 was marked by strong operational execution, as evidenced by the...

Conference Call on Thursday, February 29 at 10 a.m. ET RESTON, Va,, Feb. 28, 2024 (GLOBE NEWSWIRE) — Lightbridge Corporation (“Lightbridge”) (Nasdaq: LTBR), an advanced nuclear fuel technology company, announced its financial results for the fiscal year ended December 31, 2023, and provided an update on the Company’s continued progress. Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, “We are pleased with the progress made in our fuel development efforts in 2023, including: (1) strengthening our leadership team, (2) entering into a contract with Centrus Energy to perform a front-end engineering and design (FEED) study for a Lightbridge Pilot Fuel Fabrication Facility, (3) entering into a contract with RATEN ICN in Romania to perform an engineering study to evaluate the use of Lightbridge...