Day: March 7, 2024

Ad hoc announcement pursuant to Art. 53 of the Listing Rules of SIX Exchange  Annual results 2023 Operating profits up despite fall in salesSales down by -11% to CHF 1070 million or -7% after currency adjustments Improvement in result with EBITDA of CHF 90 million (+5%) and EBIT of CHF 50 million (+18%) Significant increase in operating cash flow of 62% to CHF 78 million “Accelerate” performance program launched to increase efficiency and innovation Solid balance sheet with equity ratio of 68%Steinhausen, 7 March 2024 – In a challenging business environment, Schweiter Technologies systematically applied measures to improve profitability and cash flow in 2023 and improved its operating margins. Net sales fell by -11% to CHF 1 069.6 million (previous year: CHF 1 197.7 million), or -7% after currency adjustments. EBITDA rose by 5%...

Matt Duncan Award2023 Transport Topics Recruiting Professional of the YearCHATTANOOGA, Tenn., March 07, 2024 (GLOBE NEWSWIRE) — Matthew Duncan, Vice President of Enterprise Driver Recruiting and Talent Acquisition for Covenant Logistics, has been named the 2023 Transport Topics Recruiting Professional of the Year. The prestigious accolade was presented to Duncan on February 22 at the Recruitment and Retention Conference, a testament to his industry leadership and remarkable contributions to the field of talent acquisition. Duncan, an industry veteran with over 15 years of experience, is known for his innovative strategies that prioritize driver retention. Under his leadership, Matt has led the charge with Covenant’s driver recruiting team to meet (and exceed) hiring goals, partnering with operations to improve driver retention,...

TUSTIN, Calif., March 06, 2024 (GLOBE NEWSWIRE) — Avid Bioservices, Inc. (NASDAQ:CDMO), a dedicated biologics contract development and manufacturing organization (CDMO), announced today the pricing of $160 million aggregate principal amount of 7.00% Convertible Senior Notes due 2029 (the “2029 Notes”). In connection with the offering, the company entered into private placement purchase agreements with the several purchasers, each of whom is a “qualified institutional buyer” within the meaning of Rule 144A promulgated under the Securities Act of 1933, as amended (the “Securities Act”). The closing of the offering is subject to customary closing conditions and is expected to take place on March 12, 2024. The 2029 Notes will represent senior unsecured obligations of the company and will accrue interest payable semiannually in arrears...

BOCA RATON, Fla., March 06, 2024 (GLOBE NEWSWIRE) — ADT Inc. (NYSE: ADT) (“ADT” or the “Company”) today announced the pricing of a secondary public offering of 65,000,000 shares of the Company’s common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. (the “Selling Stockholders”) at a price to the public of $6.50 per share. The offering is expected to close on March 11, 2024, subject to satisfaction of customary conditions. The underwriters will have a 30-day option to purchase up to an additional 9,750,000 shares of common stock from the Selling Stockholders. The Company is not selling any shares and will not receive any proceeds from the offering. In addition, ADT has authorized the concurrent purchase from the underwriters of 15,000,000 shares of common stock as part of the secondary public...

NEW YORK, March 06, 2024 (GLOBE NEWSWIRE) —  Edify Acquisition Corp. (NASDAQ: EAC) (the “Company”) announced that the Company and Unique Logistics International, Inc. (“UNQL”) have mutually agreed to terminate the previously announced business combination agreement between the Company and UNQL, and pursuant to its Amended and Restated Certificate of Incorporation, the Company intends to dissolve and liquidate promptly after March 12, 2024. The Company will redeem all of the outstanding public shares of common stock (the “Public Shares”) at an expected per-share redemption price of approximately $10.61. As of the close of business on March 12, 2024, the Public Shares will be deemed cancelled and will represent only the right to receive the expected per-share redemption price. In order to provide for the disbursement of funds from...

BEDFORD, Texas, March 06, 2024 (GLOBE NEWSWIRE) — Legacy Housing Corporation (“Legacy” or the “Company”, NASDAQ: LEGH) will release its financial results for the full year ended December 31, 2023 on Friday, March 15, 2024. The Company will then host a conference call at 10:00 a.m. Central Time on Monday, March 18, 2024. To access the conference call, please pre-register using this link. Registrants will receive confirmation with dial-in details. A live webcast of the call can be accessed using this link. A replay of the webcast will be available on https://investors.legacyhousingcorp.com/ starting approximately two hours after the call and will be archived on the site for one year. To access the company’s previous press releases, please visit https://investors.legacyhousingcorp.com/news-releases. About Legacy Housing Corporation Legacy...