Methanex Reports Higher First Quarter 2024 Earnings as Methanol Prices Increase

Written by Customer Service on April 24, 2024. Posted in Earnings Releases And Operating Results.

Except where otherwise noted, all currency amounts are stated in United States dollars. Net income attributable to Methanex shareholders of $53 million and Adjusted EBITDA of $160 million in the first quarter. Our average realized price in the first quarter was $343 per tonne compared to $322 per tonne in the fourth quarter of 2023. Work is progressing to safely repair the Geismar 3 (“G3”) plant and we believe that the plant is on track to start up in the third quarter of 2024. Repair costs are expected to be $15 million and the total capital cost for the project is expected to remain at approximately $1.30 billion. The remaining capital cost of $70 million is fully funded with cash on hand. The operating cost impact of the delay is approximately $5 million per month and in the first quarter delay costs were approximately...

O’Reilly Automotive, Inc. Reports First Quarter 2024 Results

Written by Customer Service on April 24, 2024. Posted in Earnings Releases And Operating Results.

First quarter comparable store sales growth of 3.4% 11% increase in first quarter diluted earnings per share to $9.20 Completed the acquisition of Groupe Del Vasto in January SPRINGFIELD, Mo., April 24, 2024 (GLOBE NEWSWIRE) — O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenue and earnings for its first quarter ended March 31, 2024. 1st Quarter Financial ResultsBrad Beckham, O’Reilly’s CEO, commented, “We are pleased to report a solid start to 2024, highlighted by a 3.4% comparable store sales increase, which was on top of the very strong 10.8% comparable store sales increase from the first quarter last year. Our comparable store sales increase was comprised of solid growth in both professional and DIY, which grew mid-single...

Meritage Homes reports first quarter 2024 results

Written by Customer Service on April 24, 2024. Posted in Earnings Releases And Operating Results.

Record-high quarterly sales orders, home closing gross margin of 25.8% and a 43% increase in diluted EPS SCOTTSDALE, Ariz., April 24, 2024 (GLOBE NEWSWIRE) — Meritage Homes Corporation (NYSE: MTH), the fifth-largest U.S. homebuilder, reported first quarter results for the period ended March 31, 2024. Summary Operating Results (unaudited)(Dollars in thousands, except per share amounts) Three Months Ended March 31, 2024 2023 % Chg Homes closed (units) 3,507 2,897 21 % Home closing revenue $ 1,466,096 $ 1,261,923 16 % Average sales price — closings $ 418 $ 436 (4 )% Home orders (units) 3,991 3,487 14 % Home order value $ 1,631,195 $ 1,506,893 8 % Average sales price — orders $ 409 $ 432 (5 )% Ending backlog (units) 3,033 3,922 (23 )% Ending backlog value $ 1,244,257 $ 1,763,832 (29 )% Average...

ATN Reports First Quarter 2024 Results; Revises Full Year 2024 Outlook

Written by Customer Service on April 24, 2024. Posted in Earnings Releases And Operating Results.

“First-to-Fiber” and “Glass & Steel™” Strategies Drive Continued Year-Over-Year Growth in High-Speed Data Subscribers and Network Reach First quarter revenues increased 1% to $186.8 million Total high-speed broadband subscribers increased by 12% Broadband homes passed by high-speed data services expanded by 28% Capital expenditures were $36.0 million (net of $13.5 million reimbursements) First Quarter Results Impacted by Delays in Certain US Segment Carrier Services Projects and Lower Domestic Business Revenues First quarter net loss increased to $(6.3) million, or a $(0.50) loss per share, including restructuring expenses of $1.2 million Operating income increased to $4.6 million Adjusted EBITDA1 decreased 3% to $43.5 million Revises 2024 Outlook Revenue for the full year 2024 is now expected to be in the range of $730...

Live Oak Bancshares, Inc. Reports First Quarter 2024 Results

Written by Customer Service on April 24, 2024. Posted in Earnings Releases And Operating Results.

WILMINGTON, N.C., April 24, 2024 (GLOBE NEWSWIRE) — Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or “the Company”) today reported first quarter of 2024 net income of $16.5 million, or $0.36 per diluted share. “The Live Oak model continued to prove its fortitude in the first quarter as our teams marched ahead to steadily grow both sides of the balance sheet and delivered exceptional service to our customers,” said Live Oak Chairman and CEO James S. (Chip) Mahan III. “In a challenging environment for our industry, I remain bullish on our dedication to America’s small business owners and believe that our passion around innovation, efficiency and expertise will continue to shine a light on how Live Oak differs from the crowd.” First Quarter 2024 Key Measures (Dollars in thousands, except per share data) Increase (Decrease) 1Q...

First Mid Bancshares, Inc. Announces First Quarter 2024 Results

Written by Customer Service on April 24, 2024. Posted in Earnings Releases And Operating Results.

MATTOON, Ill., April 24, 2024 (GLOBE NEWSWIRE) — First Mid Bancshares, Inc. (NASDAQ: FMBH) (the “Company”) today announced its financial results for the quarter ended March 31, 2024. Highlights Net income of $20.5 million, or $0.86 diluted EPS Adjusted net income (non-GAAP) of $22.3 million, or $0.93 diluted EPS Strong asset quality performance with minimal net charge offs and lower classifieds Insurance revenues drive record high quarter of noninterest income Named Top Workplace by USA Today Board of Directors declares regular quarterly dividend of $0.23 per share “Coming off an eventful year for our industry, I am pleased with the way we started 2024,” said Joe Dively, Chairman and Chief Executive Officer. “The benefits of adding Blackhawk are shining through with a stable core margin, significant liquidity, and continued asset...

Kaiser Aluminum Corporation Reports First Quarter 2024 Financial Results

Written by Customer Service on April 24, 2024. Posted in Earnings Releases And Operating Results.

First Quarter 2024 Highlights: Net Sales $738 Million; Conversion Revenue $367 Million Net Income $25 Million; Net Income per Diluted Share $1.51 Adjusted Net Income $17 Million; Adjusted Net Income per Diluted Share $1.02 Adjusted EBITDA $62 Million; Adjusted EBITDA Margin 17.0% Improved Cost Controls and Operating Efficiencies Across the Platform Maintaining Full Year 2024 Outlook FRANKLIN, Tenn., April 24, 2024 (GLOBE NEWSWIRE) — Kaiser Aluminum Corporation (NASDAQ:KALU), a leading producer of semi-fabricated specialty aluminum products serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering, automotive extrusions, and other industrial applications, today announced first quarter 2024 results. Management Commentary “The year is off to a good start with our...

FS Bancorp, Inc. Reports First Quarter Net Income of $8.4 Million or $1.06 Per Diluted Share and Its Board of Directors Declares Forty-Fifth Consecutive Quarterly Dividend

Written by Customer Service on April 24, 2024. Posted in Earnings Releases And Operating Results.

MOUNTLAKE TERRACE, Wash., April 24, 2024 (GLOBE NEWSWIRE) — FS Bancorp, Inc. (NASDAQ: FSBW) (the “Company”), the holding company for 1st Security Bank of Washington (the “Bank” or “1st Security Bank”) today reported 2024 first quarter net income of $8.4 million, or $1.06 per diluted share, compared to $8.2 million, or $1.04 per diluted share, for the comparable quarter one year ago. “We are proud to report a $1.83 increase in our tangible book value per share, a stabilization of our net interest margin, and our continued focus on growing our award-winning culture during the first quarter,” stated Joe Adams, CEO. “We are also pleased that our Board of Directors approved our forty-fifth consecutive quarterly cash dividend of $0.26 per share, demonstrating our continued commitment to enhancing shareholder value. The cash dividend will...

TowneBank Reports First Quarter 2024 Earnings

Written by Customer Service on April 24, 2024. Posted in Earnings Releases And Operating Results.

SUFFOLK, Va., April 24, 2024 (GLOBE NEWSWIRE) — TowneBank (the “Company” or “Towne”) (NASDAQ: TOWN) today reported earnings for the quarter ended March 31, 2024 of $34.69 million, or $0.46 per diluted share, compared to $38.33 million, or $0.52 per diluted share, for the quarter ended March 31, 2023. Excluding acquisition-related items and the incremental FDIC special assessment, adjusted earnings (non-GAAP) for first quarter 2024 were $36.27 million, or $0.48 per diluted share, compared to $46.30 million, or $0.62 per diluted share, for first quarter 2023. “TowneBank had a solid start to the year with our continued focus on maintaining healthy levels of capital and liquidity. While we continue to see migration to interest-bearing accounts, it was encouraging to generate overall annualized deposit...

Methanex Renews and Adds New Tranche to Revolving Credit Facility

Written by Customer Service on April 24, 2024. Posted in Public Companies.

VANCOUVER, British Columbia, April 24, 2024 (GLOBE NEWSWIRE) — Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it has renewed its US$300 million revolving credit facility, which replaces the Company’s existing revolving facility, and added an additional US$200 million tranche. The facility has been arranged with a syndicate of banks and will expire April 24, 2028 with the US$200 million tranche expiring April 24, 2026. RBC Capital Markets was the Arranger for the facility. Rich Sumner, President and CEO, commented “Our credit facility renewal underscores our dedication to a prudent and robust financial strategy. This additional financial capacity provides us with increased flexibility to manage our business and is an example of our commitment to maintain ample liquidity and financial flexibility across the...

Day: April 24, 2024

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