Month: February 2024

MALVERN, Pa., Feb. 07, 2024 (GLOBE NEWSWIRE) — Vishay Intertechnology, Inc., (NYSE: VSH), one of the world’s largest manufacturers of discrete semiconductors and passive electronic components, today announced results for the fiscal fourth quarter and year ended December 31, 2023. Highlights4Q 2023 revenues of $785.2 million 4Q 2023 EPS of $0.37 4Q 2023 book-to-bill of 0.75 Backlog at quarter end was 5.3 months Returned a total of $34.8 million to stockholders FY 2023 capex of $329.4 million FY 2023 free cash flow of $37.4 million FY 2023 total stockholder return of $134.3 million“For the fourth quarter, the trends in inventory adjustments, contracting lead times and softened demand in industrial end markets became more apparent. While customers continue to digest higher inventory levels, we proceeded to implement our...

GREENWICH, Conn., Feb. 07, 2024 (GLOBE NEWSWIRE) — XPO (NYSE: XPO) today announced its financial results for the fourth quarter 2023, reflecting a strong performance in a soft industry environment for freight transportation. The company reported diluted earnings from continuing operations per share of $0.49 and adjusted diluted earnings from continuing operations per share of $0.77.                                 Fourth Quarter 2023 Summary Results                                 Three months ended December 31,    Revenue   Operating Income (Loss)(in millions)     2023     2022     Change %   2023       2022     Change %North American Less-Than-Truckload Segment   $ 1,187   $ 1,093     8.6 %   $ 149     $ 152     -2.0 %European Transportation Segment     753     738     2.0 %     (2 )     (60 )   -96.7 %Corporate     –     –     0.0 %     (28 )     (88 )   -68.2 %Total   $ 1,940   $ 1,831     6.0 %   $ 119     $ 4     NMMemo:...

$93 Billion of Capital Inflows, Prior to AEL Transaction $107 Billion of Dry Powder Available to Deploy BROOKFIELD, NEWS, Feb. 07, 2024 (GLOBE NEWSWIRE) — Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) today announced financial results for the quarter ended December 31, 2023. Connor Teskey, President of Brookfield Asset Management stated, “We had strong performance in our first year following our listing. We raised $93 billion of capital which, combined with the approximately $50 billion anticipated upon the closing of the American Equity Investment Life (AEL) insurance account, brings the total to $143 billion. With interest rates stabilizing and significant dry powder available, we expect a very active period of transaction activity in the coming year, with valuations for real assets responding accordingly.” He continued,...

FLORHAM PARK, N.J., Feb. 07, 2024 (GLOBE NEWSWIRE) — Cellectar Biosciences, Inc. (NASDAQ: CLRB), a late-stage clinical biopharmaceutical company focused on the discovery, development, and commercialization of drugs for the treatment of cancer, today announced that James Caruso, president and chief executive officer of Cellectar, will present an overview of the company at the upcoming Oppenheimer 34th Annual Healthcare Life Sciences Conference being held virtually. Details of the presentation are as follows:Date:   Wednesday, February 14, 2024Time:     2:00 – 2:30 pm Eastern TimeWebcast:    Click HEREA replay of the presentation will be available on Events section of the company’s investor relations website. About Cellectar Biosciences, Inc.Cellectar Biosciences is a late-stage clinical biopharmaceutical company focused...

MONACO, Feb. 07, 2024 (GLOBE NEWSWIRE) — Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the fourth quarter (“Q4 2023”) and year ended December 31, 2023. I. PROFITABILITY AND LIQUIDITYFY 2023 Net Income available to common stockholders of $354.7 million ($2.95 per share).FY 2023 Adjusted Net Income available to common stockholders1 of $249.0 million ($2.07 per share). Q4 2023 Net Income available to common stockholders of $96.6 million ($0.82 per share). Q4 2023 Adjusted Net Income available to common stockholders1 of $80.0 million ($0.68 per share). 2023 Year-end liquidity2 of $989.0 million.II. DRY BULK OPERATING PLATFORMCostamare Bulkers Inc. (“CBI”) has currently fixed a fleet of 51 dry bulk vessels on period charters, consisting of:32 Newcastlemax/ Capesize...