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Month: February 2024

CSW Industrials Reports Fiscal 2024 Third Quarter and Year-to-Date Results with Record Revenue, Adjusted EPS, and Adjusted EBITDA in Each Reporting Period

DALLAS, Feb. 01, 2024 (GLOBE NEWSWIRE) — CSW Industrials, Inc. (Nasdaq: CSWI or the “Company”) today reported record results for the fiscal 2024 third quarter and nine-month fiscal year-to-date periods ended December 31, 2023. Fiscal 2024 Third Quarter Highlights (comparisons to fiscal 2023 third quarter)Total revenue increased 2% to $175.0 million due to organic growth Net income attributable to CSWI of $9.2 million, or $16.7 million adjusted to exclude the release of tax indemnification asset related to the TRUaire acquisition, compared to $15.6 million Earnings per diluted share (EPS) of $0.59, or $1.07 adjusted, compared to $1.01; adjusted EPS increased 6% Adjusted EBITDA increased 18% to $36.8 million, with margin expansion of 270 bps to 21% Cash flow from operations of $47.0 million, compared to $36.8 million,...

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Aircraft Line Maintenance Market Size Worth USD 33.38 Billion in 2032 | Emergen Research

Rising number of aviation accidents and aircraft engine malfunctions, increasing flight travels and air traffic, and introduction of newer, advanced, and modern aircraft fleet are major factors driving aircraft line maintenance market revenue growth. Vancouver, Feb. 01, 2024 (GLOBE NEWSWIRE) — The global aircraft line maintenance market size was USD 19.38 Billion in 2022 and is expected to register a rapid revenue CAGR of 5.5% during the forecast period. Rising number of aviation accidents and aircraft engine malfunctions, increasing flight travels and air traffic, and introduction of newer, advanced, and modern aircraft fleet are major factors driving market revenue growth. The rising trend for replacement of outdated aircraft with newer, more technologically advanced, and modern fleets as new aircraft bring with them the requirement...

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Brookfield Infrastructure Reports Strong 2023 Year-End Results & Announces 15th Consecutive Distribution Increase

BROOKFIELD, NEWS, Feb. 01, 2024 (GLOBE NEWSWIRE) — Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure, BIP, or the Partnership) (NYSE: BIP; TSX: BIP.UN) today announced its results for the year ended December 31, 2023. “We successfully executed our business strategy and achieved all our capital allocation and performance targets during 2023,” said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure. “We believe 2024 will be an even better year, and we are already off to a strong start on our capital recycling and deployment initiatives.”  For the twelve monthsended December 31US$ millions (except per unit amounts), unaudited1 2023   2022Net income attributable to the partnership2 $ 432   $ 407– per unit3   0.14     0.14FFO4   2,288     2,087– per unit5   2.95     2.71For the year...

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Mobile Market Size Worth USD 972.20 Billion in 2032 | Emergen Research

Continuous technological advancements, increasing deployment and expansion of Fifth Generation (5G) networks, and rising demand for Internet of Things (IoT) are major factors driving mobile market revenue growth. Vancouver, Feb. 01, 2024 (GLOBE NEWSWIRE) — The global mobile market size was USD 469 Billion in 2022 and is expected to register a rapid revenue CAGR of 7.50% during the forecast period. Continuous technological advancements, increasing deployment and expansion of Fifth Generation (5G) networks, and rising demand for Internet of Things (IoT) are major factors driving market revenue growth. Mobiles are portable electronic devices that provides advanced functionality and connects to a cellular network and the Internet. These comprise a Central Processing Unit (CPU), Graphics Processing Unit (GPU), Long-Term Evolution (LTE)...

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Building Automation System Market Size Worth USD 217.52 Billion in 2032 | Emergen Research

Rising adoption of automated security systems in buildings is a key factor driving Building Automation System (BAS) market revenue growth Vancouver, Feb. 01, 2024 (GLOBE NEWSWIRE) — The global Building Automation System (BAS) market size was USD 83.20 Billion in 2022 and is expected to register a rapid revenue CAGR of 10.1% during the forecast period. Increasing adoption of automated security systems in buildings and rising demand for integrated security and monitoring solutions are key factors driving market revenue growth. BAS provides improved control over a building’s numerous systems, such as Heating, Ventilation, and Air Conditioning (HVAC), electrical, and security. HVAC and electrical systems are run more efficiently with the help of a Building Automation System, decreasing energy consumption and utility expenses....

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Electronic Toll Collection Market Size Worth USD 15.79 Billion in 2032 | Emergen Research

Increasing usage of ETC to reduce traffic congestion, accidents, and environmental pollution is a key factor driving Electronic Toll Collection (ETC) market revenue growth Vancouver, Feb. 01, 2024 (GLOBE NEWSWIRE) — The global Electronic Toll Collection (ETC) market size was USD 8.37 Billion in 2022 and is expected to register a rapid revenue CAGR of 6.6% during the forecast period. Increasing usage of electronic tolls to reduce traffic congestion, accidents, and environmental pollution is a key factor driving market revenue growth. Electronic Toll Collection allows for easy toll collecting and traffic monitoring and enables toll fee payments to be made directly from the associated prepaid or savings account. Electronic Toll Collection systems help to enhance traffic flow through toll areas. Manual toll collection lanes handle...

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MRO Software Market Size Worth USD 11.36 Billion in 2032 | Emergen Research

Rising adoption of predictive and proactive maintenance services is a major factor driving Maintenance, Repair, and Operations (MRO) market revenue growth Vancouver, Feb. 01, 2024 (GLOBE NEWSWIRE) — The global Maintenance, Repair, and Operations (MRO) software market size was USD 7.03 Billion in 2022 and is expected to register a revenue CAGR of 5.0% during the forecast period. The steady market revenue growth can be attributed to increase in flight travels and air traffic, rising demand for advanced MROs and reduced turnaround time, growing adoption of software as service, increase in maintenance, repair and overhaul services of aircraft, and increase in technological advancements in software used in aviation industry. MRO software tracks and streamlines the tasks involved in maintaining, repairing, or rebuilding machinery. Moreover,...

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Standard Uranium Announces Acquisition of Three Additional Uranium Exploration Properties in the Athabasca Basin Region, Saskatchewan

Figure 1.Overview map of Standard Uranium’s ten AthabascaFigure 2.Plan map highlighting the Cable Bay shear zone and EM conductor trends on the Cable Bay SW project along strike from anomalous uranium samples, with first vertical derivative magnetics in the background.Figure 3.Plan map highlighting the magnetic low/EM corridor at Ox Lake crosscut by an interpreted N-S trending regional fault, in addition to spatial relationships to uranium occurrences. First vertical derivative magnetics in the background.Figure 4.Plan map highlighting the magnetic low/fault trend on the Brown Lake project along strike from the high-grade Shift Lake Uranium Zone, with background first vertical derivative magnetics.VANCOUVER, British Columbia, Feb. 01, 2024 (GLOBE NEWSWIRE) — Standard Uranium Ltd. (“Standard...

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FirstCash Reports Fourth Quarter and Full-Year Operating Results; Record Pawn Receivables Drive Strong Revenue and Earnings Growth; Company Adds 157 Pawn Stores in 2023; Declares Quarterly Cash Dividend

FORT WORTH, Texas, Feb. 01, 2024 (GLOBE NEWSWIRE) — FirstCash Holdings, Inc. (“FirstCash” or the “Company”) (Nasdaq: FCFS), the leading international operator of almost 3,000 retail pawn stores and a leading provider of retail point-of-sale (“POS”) payment solutions through American First Finance (“AFF”), today announced operating results for the fourth quarter and full-year ended December 31, 2023. The Company also announced that the Board of Directors declared a quarterly cash dividend of $0.35 per share, which will be paid in February 2024. Mr. Rick Wessel, chief executive officer, stated, “FirstCash posted impressive fourth quarter and full year results for 2023 with continued momentum from record pawn receivables and new store growth resulting in strong year-over-year increases in revenues and earnings. U.S. pawn receivables...

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Nxu Provides Business Update Following 2023 Fiscal Year End

Nxu generates revenue for second consecutive quarter, debuts production charging unit, regains Nasdaq compliance and pursues critical highway charging locations within NEVI corridors MESA, Ariz., Feb. 01, 2024 (GLOBE NEWSWIRE) — Nxu Inc. (NASDAQ: NXU) (“Nxu”, “the Company”), a domestic technology company developing and manufacturing innovative EV charging and energy storage solutions for the infrastructure we need to power our electrified future, achieved several important milestones in Q4 2023, continuing the innovation that advances its vision of making electric mobility viable:Revenue and Product Production: The Company generated quarter-over-quarter revenue growth in Q4 2023, the second consecutive quarter of revenue. Revenue growth was primarily comprised from the delivery of electric vehicle battery components, though Nxu...

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