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Day: February 28, 2024

Climb Global Solutions Reports Fourth Quarter and Full Year 2023 Results

Q4 2023 Net Sales, Net Income, Adjusted EBITDA and EPS Increase to Record Levels FY 2023 Net Sales Increased 16% to a Record $352.0 Million with Net Income of $12.3 Million or $2.72 per Share; FY Adjusted EBITDA up 16% to $24.6 Million EATONTOWN, N.J., Feb. 28, 2024 (GLOBE NEWSWIRE) — Climb Global Solutions, Inc. (NASDAQ:CLMB) (“Climb”, the “Company”, “we”, or “our”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, is reporting results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Summary vs. Same Year-Ago QuarterNet sales increased 20% to $106.8 million. Adjusted gross billings (a non-GAAP financial measure defined below) increased 24% to $397.0 million. Net income increased 10% to $5.2 million or $1.15 per diluted...

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Codexis Reports Fourth Quarter and Fiscal Year 2023 Financial Results

Anticipate 2024 Product Revenue Growth of at Least 10% vs. 2023 Excluding Enzyme Sales Related to PAXLOVID™ Recently Announced Debt Financing Reinforces Strong Financial Position with Projected Runway Through Expected Positive Cash-flow Around End of 2026 2024 to Focus on Securing Early Access Customers for ECO Synthesis™ Manufacturing Platform, Launch of Double-stranded RNA Ligase and Return to Growth for Pharmaceutical Manufacturing REDWOOD CITY, Calif., Feb. 28, 2024 (GLOBE NEWSWIRE) — Codexis, Inc. (NASDAQ: CDXS), a leading enzyme engineering company, today announced financial results for the fourth quarter and fiscal year ended December 31, 2023, and provided a business update. “We are thrilled with how we closed out 2023, and it’s quite clear that the strategic decisions we made last year are translating into...

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RxSight, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

ALISO VIEJO, Calif., Feb. 28, 2024 (GLOBE NEWSWIRE) — RxSight, Inc., an ophthalmic medical device company dedicated to providing high-quality customized vision to patients following cataract surgery, today reported financial results for the three months and full year ended December 31, 2023. Key Quarterly and Full Year HighlightsRecognized fourth quarter 2023 revenue of $28.6 million, an increase of 78% compared to the fourth quarter of 2022, reflecting:The sale of 77 Light Delivery Devices (LDD™s), representing a 35% unit increase from the fourth quarter of 2022, expanding the installed base to 666 LDDs at the end of the quarter, a 67% increase compared to the 400-unit LDD installed base at the end of the fourth quarter of 2022; and The sale of 18,071 Light Adjustable Lenses (LAL®s), representing a 98% increase in...

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Sovos Brands Reports Fourth Quarter and Fiscal Year 2023 Financial Results

FY 2023 Net Sales Surpassed $1 Billion; Accelerated Volume Growth DroveDouble-Digit Top and Bottom-Line GrowthQ4 Net Sales Grew 11.4% YoY (Organic 25.3%), Led by Rao’s Net Sales Up 24.9% (Organic 34.7%)1 LOUISVILLE, Colo., Feb. 28, 2024 (GLOBE NEWSWIRE) — Sovos Brands, Inc. (“Sovos Brands” or the “Company”) (Nasdaq: SOVO), one of the fastest-growing food companies of scale in the United States, today reported financial results for its fourth quarter and fiscal year ended December 30, 2023. Fourth Quarter Highlights:Net sales of $292.1 million increased 11.4% year-over-year, representing the 10th consecutive quarter of double-digit net sales growth since IPO Organic net sales growth of 25.3%1 was driven by 21.7% volume and 3.6% pricing growthNote: Organic net sales excludes the contribution from the Birch Benders brand and the...

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Crinetics Pharmaceuticals Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Corporate Update

Phase 3 PATHFNDR-2 Study Topline Results Expected in March 2024; Pending Results, NDA Submission in Acromegaly Anticipated 2H 2024 Phase 2 Study of Paltusotine in Carcinoid Syndrome Full Topline Results Expected 1H 2024 Announced a $350 Million Private Placement Equity Financing Management Hosting Conference Call and Webcast at 4:30 p.m. ET Today SAN DIEGO, Feb. 28, 2024 (GLOBE NEWSWIRE) — Crinetics Pharmaceuticals, Inc. (Nasdaq: CRNX) today reported financial results for the fourth quarter and full year ended December 31, 2023. “As we reflect on our achievements in 2023, this was a truly significant year for Crinetics, laying the foundation for our next phase of growth,” said Scott Struthers, Ph.D., founder and chief executive officer of Crinetics. “Our lead investigational compound, paltusotine, continues to demonstrate highly...

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Energem Corp. Announces Shareholder Approval of Business Combination with Graphjet Technology Sdn. Bhd.

~ Shareholders of Energem Corp. Approve Business Combination on February 28, 2024 ~ ~ Upon Closing, the Combined Company is Expected to Trade on Nasdaq Under the Ticker “GTI” ~  Kuala Lumpur, Feb. 28, 2024 (GLOBE NEWSWIRE) — Energem Corp. (“Energem”) (Nasdaq: ENCP, ENCPW), a publicly-traded special purpose acquisition company, today announced that its shareholders voted to approve the previously announced business combination with Graphjet Technology Sdn. Bhd., a Malaysian private limited company (“Graphjet”), owner of the world’s first and the only patented technology to recycle palm kernel shells, generated in the production of palm seed oil, to produce single layer graphene and artificial graphite for electric vehicle batteries, medical devices, and home appliance, and all other proposals presented at Energem’s extraordinary...

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LKQ Corporation Announces Pricing of €750,000,000 Senior Notes

CHICAGO, Feb. 28, 2024 (GLOBE NEWSWIRE) — LKQ Corporation (Nasdaq: LKQ), together with its indirect, wholly-owned subsidiary, LKQ Dutch Bond B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of The Netherlands (“LKQ Finance”) announced today that it has priced an offering by LKQ Finance of €750,000,000 aggregate principal amount of 4.125% senior notes due 2031 (the “notes”). The offering is expected to close on or about March 13, 2024, subject to the satisfaction of customary closing conditions. The joint book-running managers for the offering are BofA, HSBC, Wells Fargo, BNP Paribas, MUFG and UniCredit. The notes will be fully and unconditionally guaranteed on a senior unsecured basis by the Company and certain of the Company’s U.S. subsidiaries (the...

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Copperhaven by Toll Brothers, a New Luxury Home Community, is Coming Soon to West Jordan, Utah

Luxury community will offer 21 single-family homes located in a vibrant neighborhood with mountain views, convenient amenities, and recreation opportunitiesCopperhaven by Toll BrothersWith spacious floor plans catering to comfort and functionality, Copperhaven by Toll Brothers provides an ideal retreat.Copperhaven by Toll BrothersCopperhaven by Toll Brothers is a new luxury home community coming soon to West Jordan, Utah.Copperhaven by Toll Brothers“Copperhaven by Toll Brothers will represent luxury living at its finest in West Jordan,” said Bob Flaherty, Group President of Toll Brothers in Utah.WEST JORDAN, Utah, Feb. 28, 2024 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community, Copperhaven by Toll Brothers, is...

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ArcelorMittal S.A.: ArcelorMittal announces the publication of its 2023 annual report

28 February 2024, 21:40 CET   ArcelorMittal has published its annual report for the year ended 31 December 2023. The report has been filed with the electronic database of the Luxembourg Stock Exchange (www.bourse.lu) and is available at http://corporate.arcelormittal.com > Financial reports ENDS About ArcelorMittal ArcelorMittal is the world’s leading steel company, with a presence in 60 countries and primary steelmaking facilities in 16 countries. In 2022, ArcelorMittal had revenues of $79.8 billion and crude steel production of 59 million metric tonnes, while iron ore production reached 50.9 million metric tonnes. Our purpose is to produce ever smarter steels that have a positive benefit for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels...

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For the Second Consecutive Year, Grupo Bimbo Receives Recognition for Its Actions to Mitigate the Effects of Climate Change at A Global Level

The Carbon Disclosure Project (CDP) included the bakery in The A List 2023, which highlights companies with the best environmental strategies in the world. Approximately 21,000 global companies from different industries applied for The A List and only 346, including Grupo Bimbo received this rating.HORSHAM, Pa., Feb. 28, 2024 (GLOBE NEWSWIRE) — For the second consecutive year, the non-governmental organization CDP recognized Grupo Bimbo, the world’s largest bakery, for its global efforts to combat climate change. The Mexican company has achieved the prestigious “A” rating in The A List 2023 ranking, which recognizes the highest quality in this area. Among the 21,000 global companies representing diverse industries, Grupo Bimbo is among the Climate Change category winners, distinguishing itself as the sole...

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