Month: April 2024

Genco Shipping & Trading Limited Outlines Economou’s Track Record in Letter to Shareholders

Written by Customer Service on April 30, 2024. Posted in Public Companies.

The Genco Board of Directors Strongly Recommends Genco Shareholders Vote WITHHOLD on Economou’s Nominee, Robert Pons Urges Shareholders to Vote “FOR” the Re-Election of Genco’s Nominees on the WHITE Proxy Card Encourages Shareholders to Submit Questions for Shareholder Webcast on Wednesday, May 8, 2024 at 8:30AM ET NEW YORK, April 30, 2024 (GLOBE NEWSWIRE) — Genco Shipping & Trading Limited (NYSE: GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today mailed a letter to shareholders in connection with the Company’s 2024 Annual Meeting of Shareholders (the “Annual Meeting”), scheduled to be held on May 23, 2024. Shareholders of record as of March 28, 2024 will be entitled to vote at the meeting. Highlights from the letter, the full text of...

Gevo’s Sustainable Aviation Fuel Well-Positioned in Light of New Guidance from Treasury Department

Written by Customer Service on April 30, 2024. Posted in Public Companies.

Updated Argonne GREET method and model recognizes carbon abatement from climate-smart agriculture, carbon capture and storage, which Gevo plans to leverage to deliver net-zero or carbon-negative SAF ENGLEWOOD, Colo., April 30, 2024 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) has issued a response to the recently unveiled version of the Argonne National Laboratory Greenhouse Gases, Regulated Emissions, and Energy use in Technologies (GREET) method and model for carbon accounting. This model will be utilized for lifecycle greenhouse gas emissions calculations under the Inflation Reduction Act’s (IRA) Section 40B sustainable aviation fuel (SAF) tax credits. “Today’s guidance reinforces the importance of climate-smart agriculture and other decarbonization methods like carbon capture and storage (CCS) – core tenets of Gevo’s...

TG Therapeutics to Host Conference Call on First Quarter 2024 Financial Results and Business Update

Written by Customer Service on April 30, 2024. Posted in Public Companies.

Conference call to be held tomorrow, Wednesday, May 1, 2024, at 8:30 AM ET NEW YORK, April 30, 2024 (GLOBE NEWSWIRE) — TG Therapeutics, Inc. (NASDAQ: TGTX), today announced that a conference call will be held tomorrow, Wednesday, May 1, 2024, at 8:30 AM ET to discuss results for the first quarter of 2024 and provide a business outlook for 2024. Michael S. Weiss, Chairman and Chief Executive Officer, will host the call. In order to participate in the conference call, please call 1-877-407-8029 (U.S.), 1-201-689-8029 (outside the U.S.), Conference Title: TG Therapeutics First Quarter Update Call. A live webcast of this presentation will be available on the Events page, located within the Investors & Media section, of the Company’s website at www.tgtherapeutics.com. An audio recording of the conference call will also be...

Silvano Fashion Group AS Consolidated Annual Report 2023

Written by Customer Service on April 30, 2024. Posted in Public Companies.

At its meeting held on 22 April 2024, the Supervisory Board of Silvano Fashion Group AS approved the annual report of Silvano Fashion Group AS for the financial year 2023 and for submission to the general meeting of shareholders. The consolidated audited Annual Report for 2023 of Silvano Fashion Group AS is available on the websites of Nasdaq Baltic www.nasdaqbaltic.com and SFG www.silvanofashion.com. Silvano Fashion Group AS Phone +372 6845 000 Email: info@silvanofashion.comAttachment529900JNG41RRJKJYB65-2023-12-31-en

CORRECTION — PINTEC ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FIRST HALF 2023

Written by Customer Service on April 30, 2024. Posted in Earnings Releases And Operating Results.

BEIJING, April 30, 2024 (GLOBE NEWSWIRE) — Pintec Technology Holdings Limited (Nasdaq: PT) (“Pintec” or the “Company”), a Nasdaq-listed company providing technology enabled financial and digital services to micro, small and medium enterprises ecosystem, announced on December 28, 2023 its unaudited financial results for the six months ended June 30, 2023 (the “Interim Report”). In the Interim Report, the Company disclosed the gain from disposal of its wholly owned subsidiary Sky City Holding Limited and its subsidiaries (collectively “SCHL Group”) for RMB6.71 million. However, when preparing the financial statements for the year ended December 31, 2023, the Company noted the following errors were made inadvertently: 1) the cumulative foreign currency translation loss (recorded as accumulated other comprehensive loss) related to...

Archrock Reports First Quarter 2024 Results

Written by Customer Service on April 30, 2024. Posted in Earnings Releases And Operating Results.

HOUSTON, April 30, 2024 (GLOBE NEWSWIRE) — Archrock, Inc. (NYSE: AROC) (“Archrock”,” the “Company,” “we,” “us,” “our”) today reported results for the first quarter 2024. First Quarter 2024 HighlightsRevenue for the first quarter of 2024 was $268.5 million compared to $229.8 million in the first quarter of 2023. Net income for the first quarter of 2024 was $40.5 million compared to $16.5 million in the first quarter of 2023. Adjusted EBITDA (a non-GAAP measure defined below) for the first quarter of 2024 was $131.0 million compared to $97.2 million in the first quarter of 2023. Leverage ratio at the end of the first quarter of 2024 was 3.2x compared to 4.1x at the end of the first quarter of 2023. Declared a quarterly dividend of $0.165 per common share for the first quarter of 2024, 10% higher compared to the first quarter of...

Powell Industries Declares Quarterly Cash Dividend

Written by Customer Service on April 30, 2024. Posted in Dividend Reports And Estimates.

HOUSTON, April 30, 2024 (GLOBE NEWSWIRE) — Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that its Board of Directors has declared a quarterly cash dividend on the Company’s common stock of $0.2650 per share. The dividend is payable on June 12, 2024 to stockholders of record at the close of business on May 15, 2024. Powell Industries, Inc., headquartered in Houston, designs, manufactures and services custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy. Powell markets include large industrial customers such as utilities, data centers, oil and gas producers, refineries, petrochemical plants, pulp and paper producers, mining operations and commuter railways....

SiriusPoint Reports Sixth Consecutive Quarter of Underwriting Profits and Strong Net Income at $90.8m

Written by Customer Service on April 30, 2024. Posted in Earnings Releases And Operating Results.

HAMILTON, Bermuda, April 30, 2024 (GLOBE NEWSWIRE) — SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT) today announced results for its first quarter ended March 31, 2024.Strong start to 2024. Core combined ratio of 91.4%, 5% improvement versus prior year excluding the loss portfolio transfer, and 2.2% growth in book value per diluted share to $13.64 Debt restructuring completed. Financial leverage will further reduce by approximately 2.5 points Improved Q4’23 BSCR estimate of 255%. Approximately 20% improvement to come in the second quarter as a consequence of the debt restructuring ROE guidance of 12-15% during the medium-term. Q1 performance on trackScott Egan, Chief Executive Officer, said: “Building on the momentum from 2023, we report our sixth consecutive quarter of positive underwriting result. Combined ratio...

Kadant Reports First Quarter 2024 Results

Written by Customer Service on April 30, 2024. Posted in Earnings Releases And Operating Results.

WESTFORD, Mass., April 30, 2024 (GLOBE NEWSWIRE) — Kadant Inc. (NYSE: KAI) reported its financial results for the first quarter ended March 30, 2024. First Quarter Financial HighlightsRevenue increased 8% to a record $249 million Gross margin was 44.6% Adjusted gross margin was 45.5% excluding acquisition-related costs Operating cash flow decreased 38% to $23 million Net income decreased 12% to $25 million GAAP EPS decreased 13% to $2.10 Adjusted EPS decreased 1% to $2.38 Adjusted EBITDA increased 8% to $52 million and represented 21.0% of revenue Bookings decreased 10% to $248 million from an unprecedented record $275 millionNote: Percent changes above are based on comparison to the prior year period. All references to earnings per share (EPS) are to our EPS as calculated on a diluted basis. Adjusted gross margin, adjusted...

O-I GLASS REPORTS FIRST QUARTER 2024 RESULTS

Written by Customer Service on April 30, 2024. Posted in Earnings Releases And Operating Results.

Executing Well as Markets Begin to Recover; First MAGMA Greenfield to Start Up Summer 2024; Revising Guidance to Account for Softer Consumer Consumption PERRYSBURG, Ohio, April 30, 2024 (GLOBE NEWSWIRE) — FOR IMMEDIATE RELEASE O-I Glass, Inc. (“O-I”) (NYSE: OI) today reported financial results for the first quarter ended March 31, 2024. Net Earnings Attributable to the Company Per Share (Diluted) Earnings Before Income Taxes$M1Q24 1Q23 1Q24 1Q23Reported $0.45 $1.29 $117 $270 Adjusted EarningsEarnings Per Share (Diluted) Segment Operating Profit$M1Q24 1Q23 1Q24 1Q23Non – GAAP N/A (no adjustments reported) N/A (no adjustments reported) $235 $398“As expected, our first quarter net earnings per share (diluted) were down from historically high performance in the prior year quarter....

Month: April 2024

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