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Month: February 2024

Haynes International, Inc. Reports First Quarter Fiscal 2024 Financial Results

First quarter net revenues of $147.4 million representing a first quarter revenue Company record, despite being unfavorably impacted by a three week unplanned outage at the 4-high hot rolling mill in the Kokomo plant, which delayed production and shipments. This compares to $132.7 million in last year’s first quarter. Gross margin for the first quarter of 16.8% of revenue compared to last year’s 17.4%.  Excluding the raw material headwind of $5.7 million, adjusted gross margin was an outage impacted 20.6% of revenue compared to last year’s $5.6 million headwind and 21.6% adjusted gross margin.  First quarter net income of $7.7 million, or $0.60 per diluted earnings per share, compared to last year’s first quarter of $7.7 million, or $0.61 per diluted earnings per share with both periods having similar raw material headwind amounts. Backlog...

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Reminder: Program for the publication of Yara International ASA fourth quarter results 2023

Oslo, 5 February 2024: Yara International ASA fourth quarter 2023 results will be published on Friday, 9 February 2024 at 08:00 CET. An online presentation will be held at 12:00 CET. The presentation will be held in English. The report, presentation and webcast will be available at the above mentioned times at:https://yara.com/investor-relations/latest-quarterly-report/ There will also be a conference call at 13:00 CET the same day with an opportunity to ask questions to Yara’s management. Please use the link to register for this session:https://registrations.events/direct/Q4I96716 Registered conference call participants will receive a confirmation with a full list of available international dial-in numbers and a unique passcode. If you do not see the email in a few minutes after completed registration, please check the “junk mail” folder...

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HighPeak Energy, Inc. Announces Quarterly Dividend Increase and $75 Million Share Repurchase Authorization

FORT WORTH, Texas, Feb. 05, 2024 (GLOBE NEWSWIRE) — HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced a 60 percent increase to its quarterly dividend to $0.04 per share and a $75 million share repurchase authorization.   Quarterly Dividend The Company’s Board of Directors declared a quarterly dividend of $0.04 per share to be paid on March 25, 2024 to stockholders of record on March 1, 2024.   Stock Repurchase Program HighPeak’s Board of Directors approved a repurchase program of up to $75 million of the Company’s common shares. The approval grants HighPeak’s management the authority to repurchase shares opportunistically in the open market from time to time, through block trades, in privately negotiated transactions or by such other means which comply with applicable state and federal laws. This...

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Novo Nordisk to acquire three fill-finish sites from Novo Holdings A/S in connection with the Catalent, Inc. transaction

Bagsværd, Denmark, 5 February 2024 – Novo Nordisk today announced that the company has agreed to acquire three fill-finish sites from Novo Holdings A/S (Novo Holdings) in connection with a transaction where Novo Holdings has agreed to acquire Catalent, Inc. (Catalent), a global contract development and manufacturing organisation headquartered in Somerset, New Jersey (US). Novo Nordisk and Catalent have a long-standing collaboration. The acquisition of the filling sites is aligned with Novo Nordisk’s strategy of reaching more people living with diabetes and obesity with current and future treatments. It enables an expansion of the manufacturing capacity at scale and speed while providing future optionality and flexibility for Novo Nordisk’s existing supply network. The acquisition is expected to gradually increase Novo Nordisk’s filling...

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David B. Carter Joins Ducommun Incorporated’s Board of Directors

SANTA ANA, Calif., Feb. 05, 2024 (GLOBE NEWSWIRE) — Ducommun Incorporated (NYSE:DCO) announced today that its Board of Directors elected David B. Carter as an independent director of the company, effective February 1, 2024. Mr. Carter’s appointment expands the number of directors on Ducommun’s board to nine, eight of whom are independent. Mr. Carter will be a member of the company’s Innovation Committee. “We are thrilled that Dave will be joining our board of directors and look forward to his many contributions as we strengthen our team to support DCO’s 2027 strategy of building more engineered products and aftermarket in our revenue mix,” said Stephen G. Oswald, chairman, president and chief executive officer. “Dave has extensive engineering product leadership experience, especially leading multiple large scale engineering organizations...

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WT Blockchain Technology Company is about to launch WTAI, and the expected launch time is February 19, 2024

Dubai, United Arab Emirates, Feb. 05, 2024 (GLOBE NEWSWIRE) — After nearly five months of hard work, the R&D Department of WT Blockchain Technology Company, a subsidiary of Trans Global Group Inc. (stock code: TGGI) is about to launch WTAI (Wing Tiger AI), which is expected to be launched on February 19, 2024. The system client is a financial management platform. Global cryptocurrency investors can obtain relatively stable investment returns by placing orders on the WTAI client to purchase financial management. At the same time, the act of purchasing financial management will generate computing power for mining, thereby obtaining the cryptocurrency WTB. This allows customers to enjoy stable investment and financial management while also obtaining the cryptocurrency WTB, which has huge room for appreciation in the future. The...

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Virtune discloses its public Bitcoin wallet address as an additional step towards increased transparency with its Virtune Bitcoin ETP

Stockholm, February 5th, 2024 – Virtune has announced its commitment to market transparency by disclosing its Bitcoin holdings and wallet address. This initiative is a significant step in Virtune’s ongoing effort to provide complete oversight and earn widespread trust from investors. Virtune offers 100% collateralized and physically-backed Exchange-Traded Products (ETPs) that give investors exposure to cryptocurrencies like Bitcoin, Ethereum, Chainlink, Polkadot, Arbitrum, and a Top 10 index. The physically backed structure of these products ensures a regulated environment prioritizing maximum investor protection and maintains a 1:1 correlation with the underlying assets. With the disclosure of its Bitcoin holdings, alongside the coin entitlement (amount of Bitcoin) per ETP, Virtune allows investors to independently verify on the...

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Golar LNG Limited – Q4 2023 results presentation

Golar LNG’s 4th Quarter 2023 results will be released before the NASDAQ opens on Thursday, February 29, 2024. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Thursday February 29, 2024. The presentation will be available to download from the Investor Relations section at www.golarlng.com We recommend that participants join the conference call via the listen-only live webcast link provided. Sell-side analysts interested in raising a question during the Q&A session that will immediately follow the presentation should access the event via the conference call by clicking on this link. We recommend connecting 10 minutes prior to the call start. Information on how to ask questions will be given at the beginning of the Q&A session. There will be a limit of two questions per participant. a....

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ALK’s 2030 CO2 reduction targets have been approved by SBTi

ALK’s near-term carbon reduction targets for scope 1, 2 and 3 have been validated and approved by the Science Based Targets initiative. Today, ALK announces that its near-term carbon reduction targets have been confirmed by the Science Based Targets initiative (SBTi) to be in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement – limiting global warming to 1.5°C above pre-industrial levels. ALK commits to reduce absolute scope 1 and 2 greenhouse gas emissions 42% by 2030 from a 2022 base year. In addition, ALK commits that 80% of scope 3 emissions will come from suppliers with science-based targets by 2028, covering the scope 3 categories of purchased goods & services, capital goods, upstream and downstream transportation & distribution, and business travel. The setting and validation...

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Haynes International Announces Agreement to be Acquired by North American Stainless, a Wholly Owned Subsidiary of Acerinox

Haynes Stockholders to Receive $61.00 Per Share in Cash, Delivering Significant and Immediate Value In Connection with Transaction, Acerinox will Invest an Additional $200 million in U.S. Operations, Including $170 Million in Haynes’ Operations KOKOMO, Ind., Feb. 05, 2024 (GLOBE NEWSWIRE) — Haynes International, Inc. (NASDAQ GM:HAYN) (“Haynes” or the “Company”) a leading developer, manufacturer and marketer of technologically advanced high-performance alloys, today announced it has entered into a definitive agreement to be acquired by North American Stainless, a wholly owned subsidiary of Acerinox, in an all-cash transaction valuing the Company at an enterprise value of approximately $970 million and representing a multiple of 12.3x fiscal 2023 EBITDA. Under the terms of the agreement, North American Stainless will acquire all...

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