Month: February 2024

Net sales of $1.766 billion, down 21.7% sequentially and down 18.6% from the year ago quarter. Our preliminary net sales results provided on January 8, 2024 was for net sales to be down 22% sequentially. On a GAAP basis: gross profit of 63.4%; operating income of $529.4 million and 30.0% of net sales; net income of $419.2 million; and EPS of $0.77 per diluted share. Our guidance provided on November 2, 2023 was for GAAP EPS of $0.68 to $0.76 per diluted share. On a Non-GAAP basis: gross profit of 63.8%; operating income of $728.1 million and 41.2% of net sales; net income of $592.7 million and EPS of $1.08 per diluted share. Our guidance provided on November 2, 2023 was for Non-GAAP EPS of $1.09 to $1.17 per diluted share. Returned approximately $352.0 million to shareholders in the December quarter through dividends of $237.4 million...

Conference Call and Webcast scheduled for tomorrow, February 2, 2024 at 10:00 am PT SAN JUAN CAPISTRANO, Calif., Feb. 01, 2024 (GLOBE NEWSWIRE) — The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign(TM) group of companies, which provide post-acute healthcare services and invest in the long-term healthcare industry, primarily in skilled nursing and senior living facilities, announced operating results for the fiscal and fourth quarter of 2023, reporting GAAP diluted earnings per share of $3.65 and adjusted earnings per share(1) of $4.77 for the year. Ensign also reported GAAP diluted earnings per share of $0.38 and adjusted earnings per share(1) of $1.28 for the quarter ended December 31, 2023. Highlights Include:Consolidated GAAP and adjusted revenues for the year were $3.73 billion, an increase of 23.3% over...

MENLO PARK, Calif., Feb. 01, 2024 (GLOBE NEWSWIRE) — Exponent, Inc. (Nasdaq: EXPO) today reported financial results for the fourth quarter and fiscal year 2023 ended December 29, 2023. “Exponent’s world class team of experts delivered a 7% increase in net revenues in 2023, advising clients across industries with a highly diversified portfolio of services. Notably, our reactive business grew in the high-teens year over year, driven by robust failure investigations and dispute-related work. Exponent’s leadership in high-profile failure analysis, from wildfire events to advanced transportation and more, has continued to expand as we further differentiate our experience in this portion of the business,” commented Dr. Catherine Corrigan, President and Chief Executive Officer. “As reactive work expanded, our team also continued to address...

Sales of $174.0 million Net Loss of $39.6 million Adjusted EBITDA of $(24.4) million Diluted earnings per share of $(0.21); Adjusted diluted earnings per share of $(0.20) Company reaffirms fiscal 2024 outlookPHOENIX, Feb. 01, 2024 (GLOBE NEWSWIRE) — Leslie’s, Inc. (“Leslie’s”, “we”, “our”, “its”, or “Company”; NASDAQ: LESL), the largest and most trusted direct-to-consumer brand in the U.S. pool and spa care industry, today announced its financial results for the first quarter of fiscal 2024. Mike Egeck, Chief Executive Officer, said, “Our first quarter results were in line with or ahead of our expectations and topline performance showed sequential improvement each month throughout the quarter, supported by more normalized weather. While we continue to work through the impact of the pricing actions we took in June 2023, we...

Highlights Include Effective Expense Management and Resilient Operational Performance OSWEGO, N.Y., Feb. 01, 2024 (GLOBE NEWSWIRE) — Pathfinder Bancorp, Inc. (“Company”) (NASDAQ: PBHC), the holding company for Pathfinder Bank (“Bank”), announced fourth quarter 2023 net income available to common shareholders of $2.5 million, or $0.41 per basic and diluted share, compared to $3.5 million, or $0.58 per basic and diluted share, for the fourth quarter of 2022. For the full year 2023, total net income attributable to Pathfinder Bancorp, Inc. was $9.3 million, or $1.51 per basic and diluted share, compared to $12.9 million, or $2.13 per basic and diluted share, in 2022. Performance Highlights for Three Months Ended December 31, 2023: Pathfinder Bancorp, Inc. reported net income for the quarter of $2.5 million, a decrease from the $3.5...

PHOENIX, Feb. 01, 2024 (GLOBE NEWSWIRE) — Cavco Industries, Inc. (Nasdaq: CVCO) (“we,” “our,” the “Company” or “Cavco”) today announced financial results for the third fiscal quarter ended December 30, 2023. Third Quarter SummaryNet revenue was $447 million, down $54 million or 10.8% compared to $501 million in the third quarter of the prior year. Factory-built housing Gross profit as a percentage of Net revenue was 22.4%, compared to 25.5% in the prior year. Financial services Gross profit as a percentage of Net revenue was 36.8%, compared to 46.6% in the prior year. Income before income taxes was $44 million, down $32 million or 42.1% compared to $76 million in the prior year period. Net income per diluted share attributable to Cavco common stockholders was $4.27 compared to...

 Fourth Quarter 2023 Key Financial ResultsNet Income was $218 million, translating to diluted earnings per share (“EPS”) of $2.85, down 28% from a year ago Adjusted EPS* decreased 17% year-over-year to $3.51Gross profit* increased 4% year-over-year to $1,007 million Core G&A* increased 11% year-over-year to $364 million EBITDA* decreased 17% year-over-year to $445 millionFourth Quarter 2023 Key Business ResultsTotal advisory and brokerage assets increased 22% year-over-year to $1.35 trillionAdvisory assets increased 26% year-over-year to $736 billion Advisory assets as a percentage of total assets increased to 54.3%, up from 52.5% a year agoTotal organic net new assets were $25 billion, representing 8% annualized growthOrganic net new advisory assets were $21 billion, representing 12% annualized growth Organic...

Highlights:        Completed 2:1 stock split; Q4 Diluted earnings per share (EPS) presented post-split of $0.46 and $2.62 for the full year Adjusting for acquisition related expenses of $5.1 million, Q4 adjusted EPS (non-GAAP) of $0.54 and $2.68 for full year Full year revenue of $4.2 billion; Fourth quarter revenue of $1.0 billion GAAP Quarterly operating income of $29 million (3.0% of revenue) Significantly increased our Final Mile business heading into 2024 through the acquisition of Forward Air Final Mile (“FAFM”) Executing on Capital Allocation Plan including $26 million of shares purchased during the quarter Introduced 2024 outlook with expected revenue of $4.6 billion to $5.0 billion and diluted EPS of $2.00 to $2.50OAK BROOK, Ill., Feb. 01, 2024 (GLOBE NEWSWIRE) —  Hub Group, Inc. (NASDAQ:HUBG) announced fourth quarter...