Maxim Power Corp. Reports Successful Operations of the CCGT Expansion of M2 with Revenue of $41 million and Net Income of $28 million in 2023

Written by Customer Service on March 14, 2024. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, March 14, 2024 (GLOBE NEWSWIRE) — Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the release of financial and operating results for the fourth quarter and year ended December 31, 2023. The audited consolidated financial statements, accompanying notes and Management’s Discussion and Analysis (“MD&A”) will be available on SEDAR+ and on MAXIM’s website on March 14, 2024. All figures reported herein are Canadian dollars unless otherwise stated. FINANCIAL HIGHLIGHTS Three Months EndedDecember 31, Twelve Months EndedDecember 31, ($ in thousands except per share amounts) 2023 2022 2023 2022 Revenue 38,990 – 41,458 141,263 Net income (loss) 19,477 (7,156 ) 28,295 42,277 Earnings (loss) per share – basic 0.39 (0.14 ) 0.56 0.84 Earnings...

Alaris Equity Partners Income Trust Releases 2023 Fourth Quarter and Annual Financial Results

Written by Customer Service on March 14, 2024. Posted in Earnings Releases And Operating Results.

NOT FOR DISTRIBUTION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW. CALGARY, Alberta, March 14, 2024 (GLOBE NEWSWIRE) — Alaris Equity Partners Income Trust (together, as applicable, with its subsidiaries, “Alaris” or the “Trust“) is pleased to announce its results for the three months and year ended December 31, 2023. The results are prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. All amounts below are in Canadian dollars unless otherwise noted. Highlights: For the year ended December 31, 2023, the Trust had a net unrealized gain on investments at fair value of $65.2 million, of which $58.2 million relates to Alaris’ common equity investments. During the year, Alaris’ common equity...

Mount Logan Capital Inc. Announces Fourth Quarter and Fiscal 2023 Financial Results

Written by Customer Service on March 14, 2024. Posted in Earnings Releases And Operating Results.

Achieved significant milestones in 2023 including a record year for asset management revenue, completion of Ability’s $250 million reinsurance agreement resulting in total investments in excess of $1 billion, and the closing of the Ovation transaction during July 2023 Increased Ability’s total assets managed by Mount Logan to $537 million, up 59% versus 2022 while achieving a 9.2% yield on the insurance investment portfolio for fiscal 2023 Declared quarterly distribution of C$0.02 per common share in the first quarter of 2024, the eighteenth consecutive quarter of a shareholder distribution TORONTO, March 14, 2024 (GLOBE NEWSWIRE) — Mount Logan Capital Inc. (NEO: MLC) (the “Company” or “Mount Logan”) announced today its financial results for the fourth quarter and fiscal year ended December 31, 2023. All amounts are stated in United...

Ultra Lithium Provides Bi-Weekly Default Status Report

Written by Customer Service on March 14, 2024. Posted in Public Companies.

VANCOUVER, British Columbia, March 14, 2024 (GLOBE NEWSWIRE) — Ultra Lithium Inc. (TSXV: ULT OTCQB: ULTXF Frankfurt: QFB) (“Ultra Lithium” or the “Company”) is providing this bi-weekly default status report in accordance with National Policy 12-203 Management Cease Trade Orders (“NP 12-203”). On March 4, 2024, the Company announced that effective February 29, 2024 it has been granted a voluntary management cease trade order in accordance with NP 12-203 due to it not being able to file its annual financial statements and management’s discussion and analysis (“MD&A”) for the year ended October 31, 2023, and the related CEO and CFO certifications (collectively, the “Annual Filings”) on SEDAR within 120 days of its financial year-end. The management cease trade order has been granted by the Company’s principal regulator, the British...

Xos, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Release Date and Conference Call

Written by Customer Service on March 14, 2024. Posted in Public Companies.

LOS ANGELES, March 14, 2024 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), a leading electric truck manufacturer and fleet services provider, announced it will release its fourth quarter and full year 2023 operating results on Thursday, March 21, 2024 after the close of the U.S. financial markets. Management will host a conference call to discuss these financial results at 4:30 p.m. Eastern Daylight Time / 1:30 p.m. Pacific Daylight Time that same day. Conference Call and Webcast Details Date / Time: Thursday, March 21, 2024, at 4:30 p.m. EDT / 1:30 p.m. PDT Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1655220&tp_key=d4e9555402 U.S. Toll-Free Dial In: 1-833-816-1411 International Dial In: 1-412-317-0507 Conference ID: 10186286 To access the call, please dial in approximately ten minutes before the start...

Daily Journal Corporation Announces Receipt of Expected Non-Compliance Letter from Nasdaq

Written by Customer Service on March 14, 2024. Posted in Public Companies.

LOS ANGELES, March 14, 2024 (GLOBE NEWSWIRE) — As previously announced on December 1, 2023, due to the death of director Charles T. Munger, Daily Journal Corporation (NASDAQ:DJCO) notified the Nasdaq Stock Market (“Nasdaq”) that the company’s audit committee has only two members, which is contrary to Nasdaq Listing Rule 5605(c)(2)(A)’s requirement that listed companies have an audit committee of at least three members. On March 13, 2024, the company received a letter from Nasdaq indicating that the company has a cure period in order to regain compliance as follows: until the earlier of the company’s next annual shareholders’ meeting or November 28, 2024; or if the next annual shareholders’ meeting is held before May 27, 2024, then the company must evidence compliance no later than May 27, 2024. The company intends to fill the...

Teck Reports 2023 Sustainability Performance

Written by Customer Service on March 14, 2024. Posted in Public Companies.

VANCOUVER, British Columbia, March 14, 2024 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today the release of our 23rd annual Sustainability Report, highlighting our performance in 2023 and progress in key areas including climate and nature. “At Teck, we are committed to responsibly producing the critical minerals the world needs to create a low-carbon future,” said Jonathan Price, President and CEO. “Teck is working to further strengthen our sustainability performance, including setting a goal of net zero Scope 1 and Scope 2 emissions across our operations by 2050, and being one of the first mining companies to commit to supporting a nature positive future by 2030.” Teck’s approach to responsible mining is underpinned by a long-term sustainability strategy, which sets out...

Tree Island Steel Announces Full Year 2023 Results

Written by Customer Service on March 14, 2024. Posted in Earnings Releases And Operating Results.

VANCOUVER, British Columbia, March 14, 2024 (GLOBE NEWSWIRE) — Tree Island Steel (”Tree Island” or the ”Company”) (TSX: TSL) announced today its financial results for the year ended December 31, 2023. For the three-month period ended December 31, 2023, revenues, net of freight and distribution, decreased by $19.8 million to $47.3 million, from $67.1 million in the same period in 2022. The reduction was the result of declines in steel prices in the year influencing market prices for our products, current market headwinds and lower shipped volume from the previously announced closure of our Etiwanda facility. Gross profit for the fourth quarter decreased to $3.4 million, from $8.3 million in the same period in 2022, for the same reasons. Adjusted EBITDA amounted to $0.9 million, compared to $5.7 million during...

Acadian Timber Corp. Announces Timberland Acquisition

Written by Customer Service on March 14, 2024. Posted in Mergers And Acquisitions.

EDMUNDSTON, New Brunswick, March 14, 2024 (GLOBE NEWSWIRE) — Acadian Timber Corp. (“Acadian”) (TSX:ADN) has closed on the acquisition of approximately 16,000 acres of commercial-quality timberlands in New Brunswick. “This acquisition demonstrates our ongoing efforts to further build our asset base in a way that will deliver long-term value to our shareholders,” commented Adam Sheparski, President and Chief Executive Officer. “The property is well stocked, benefiting from historical silviculture investments, and presents significant potential for revenue diversification through other land use opportunities.” On March 14, 2024, Acadian completed the acquisition of approximately 16,000 acres of timberland in New Brunswick at a price of $9.0 million, financed through its existing revolving credit facility. The timberlands are close...

Power Solutions International Announces Fourth Quarter and Full Year 2023 Financial Results

Written by Customer Service on March 14, 2024. Posted in Earnings Releases And Operating Results.

Net Income $8.4 million, EPS $0.36 for the Quarter Full Year Net Income $26.3 million, an increase of 133%, EPS $1.15 Full Year Operating Cash Flows $70.5 million, an increase of $79.4 million Debt decreased $65.8 million year-to-date, $15.1 million for the Quarter WOOD DALE, Ill., March 14, 2024 (GLOBE NEWSWIRE) — Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced fourth quarter and full year 2023 financial results. Fourth Quarter 2023 Results Sales for the fourth quarter of 2023 were $104.8 million, a decrease of $32.3 million, or 24%, compared to the fourth quarter of 2022, as a result of lower sales of $29.5 million and $16.8 million within the industrial and transportation end markets,...

Day: March 14, 2024

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