Day: May 1, 2024

International Clean Power Dividend Fund Approves Conversion Into Infrastructure Dividend Split Corp.

Written by Customer Service on May 1, 2024. Posted in Mergers And Acquisitions.

TORONTO, May 01, 2024 (GLOBE NEWSWIRE) — International Clean Power Dividend Fund (“CLP”) (TSX: CLP.UN) is pleased to announce that a special meeting of unitholders of CLP was held today at which unitholders voted in favour of a resolution approving the previously announced merger (the “Merger”) of CLP into Infrastructure Dividend Split Corp. (“Infrastructure Split”), a newly formed split share corporation. The Merger is expected to be completed on May 4, 2024. CLP unitholders will receive Class A shares in the capital of Infrastructure Split (TSX:IS) in exchange for their units held immediately prior to the effective time of the Merger, based on an exchange ratio that is equal to the net asset value of CLP per Unit determined as at the close of business on May 3, 2024, divided by $15.00. CLP Units will be delisted from the TSX...

Constellation Software Inc. and Topicus.com Inc. Announce Results for Topicus.com Inc. for the First Quarter Ended March 31, 2024

Written by Customer Service on May 1, 2024. Posted in Earnings Releases And Operating Results.

TORONTO, May 01, 2024 (GLOBE NEWSWIRE) — Topicus.com Inc. (TSXV:TOI) in a joint release with Constellation Software Inc. (TSX:CSU) today announced financial results for Topicus.com Inc. (“Topicus” or the “Company”) for the first quarter ended March 31, 2024. Please note that all amounts referred to in this press release are in Euros unless otherwise stated. The following press release should be read in conjunction with the Company’s Unaudited Condensed Consolidated Interim Financial Statements for the three months ended March 31, 2024 and the accompanying notes, our Management’s Discussion and Analysis for the three months ended March 31, 2024 and the Annual Consolidated Financial Statements of Topicus.com Inc. for the year ended December 31, 2023, which we prepared in accordance with International Financial Reporting Standards...

Lumine Group Inc. Announces Results for the Three Months Ended March 31, 2024

Written by Customer Service on May 1, 2024. Posted in Earnings Releases And Operating Results.

TORONTO, May 01, 2024 (GLOBE NEWSWIRE) — Lumine Group Inc. (“Lumine Group” or “the Company”) (TSXV: LMN) announces financial results for the three months ended March 31, 2024. All amounts referred to in this press release are in US dollars unless otherwise stated. The following press release should be read in conjunction with the Company’s unaudited condensed consolidated interim financial statements for the three months ended March 31, 2024, management’s discussion and analysis (“MD&A”) for the three months ended March 31, 2024, which can be found on SEDAR+ at www.sedarplus.ca. Additional information about Lumine Group is also available on SEDAR+ and on Lumine Group’s website www.luminegroup.com. Q1 2024 Headlines: Revenue grew 48% to $141.1 million compared to $95.4 million in the same quarter prior year (including -3%...

Exco Results for Second Quarter Ended March 31, 2024

Written by Customer Service on May 1, 2024. Posted in Earnings Releases And Operating Results.

Consolidated Sales of $163.8 million compared to $155.7 million the prior year quarter; Net Income of $8.1 million represents a 29% increase over prior year quarter; EPS of $0.21 compared to $0.16 prior year quarter: EBITDA of $21.2 million compared to $17.8 million the prior year quarter Quarterly dividend of $0.105 per common share to be paid June 28, 2024 TORONTO, May 01, 2024 (GLOBE NEWSWIRE) — Exco Technologies Limited (TSX-XTC) today announced results for its second quarter of fiscal 2024 ended March 31, 2024. In addition, Exco announced a quarterly dividend of $0.105 per common share which will be paid on June 28, 2024 to shareholders of record on June 14, 2024. The dividend is an “eligible dividend” in accordance with the Income Tax Act of Canada. Three Months Ended March 31 Six Months Ended March 31 (in $ thousands...

NVIDIA Sets Conference Call for First-Quarter Financial Results

Written by Customer Service on May 1, 2024. Posted in Public Companies.

CFO Commentary to Be Provided in Writing Ahead of Call SANTA CLARA, Calif., May 01, 2024 (GLOBE NEWSWIRE) — NVIDIA will host a conference call on Wednesday, May 22, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the first quarter of fiscal year 2025, which ended April 28, 2024. The call will be webcast live (in listen-only mode) on investor.nvidia.com. The company’s prepared remarks will be followed by a question-and-answer session, which will be limited to questions from financial analysts and institutional investors. Ahead of the call, NVIDIA will provide written commentary on its first-quarter results from its CFO, Colette Kress. This material will be posted to investor.nvidia.com immediately after the company’s results are publicly announced at approximately 1:20 p.m. PT. The webcast will be recorded and available...

WSP Acquires AKF, Expanding Its Property & Buildings Practice Across the U.S. Northeast

Written by Customer Service on May 1, 2024. Posted in Mergers And Acquisitions.

MONTREAL, May 01, 2024 (GLOBE NEWSWIRE) — WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”) is pleased to announce the acquisition of AKF Group LLC (“AKF”). Headquartered in New York City, AKF is a specialized mechanical, electrical, and plumbing firm that designs complex healthcare, science and technology, and mission-critical facilities. Its 365 professionals operate throughout the eastern U.S., with an additional complementary presence in Mexico. By adding AKF’s complementary expertise to its Property and Buildings team, WSP enhances its technical practice and boosts its capabilities and presence in several essential high-demand markets. “I am pleased to welcome AKF’s experts to WSP. Our combined practices are poised to accelerate our growth in various complex building sectors, not only locally in the Northeast but also...

Emergent BioSolutions Reports First Quarter 2024 Financial Results

Written by Customer Service on May 1, 2024. Posted in Earnings Releases And Operating Results.

First Quarter 2024 Total Revenues of $300.4 million, above the prior guidance range First Quarter 2024 Net Income of $9.0 million and Adjusted EBITDA of $66.9 million Updates FY 2024 guidance GAITHERSBURG, Md., May 01, 2024 (GLOBE NEWSWIRE) — Emergent BioSolutions Inc. (NYSE: EBS) today reported financial results for the first quarter ended March 31, 2024. “We delivered a strong quarter with growth across all our key products,” said Joe Papa, President and CEO at Emergent. “We also took significant actions to improve our debt position, reduce operating expenses and strengthen our financial flexibility. Emergent’s transformation will not happen overnight. The actions we are implementing today, combined with the assets Emergent possesses, will enable us to move faster, reach farther and be more nimble. The public health...

Badger Infrastructure Solutions Ltd. Announces Record 2024 First Quarter Revenue and Adjusted EBITDA

Written by Customer Service on May 1, 2024. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, May 01, 2024 (GLOBE NEWSWIRE) — Badger Infrastructure Solutions Ltd. (“Badger”, the “Company”, “we”, “our” or “us”) (TSX:BDGI) reported first quarter results today. All results are presented in U.S. dollars unless otherwise stated. 2024 FIRST QUARTER OPERATIONAL HIGHLIGHTS The Company achieved revenue of $161.6 million, up 13% from 2023. Gross profit margin improved to 24.8%, up from 22.9% in 2023. Adjusted EBITDA(1) improved to $29.2 million, up 22% from 2023. Adjusted EBITDA margin(1) rose to 18.1%, up from 16.7% in 2023. Consolidated revenue per truck per month (“RPT”) for the quarter was $36,904, down from $38,231 in 2023. Adjusted earnings per share was $0.14 per share, up 27% from 2023. The Board of Directors has approved the quarterly cash dividend of CAD$0.18 per common share for the second fiscal quarter...

CNH is changing its NYSE ticker symbol to “CNH” on May 20

Written by Customer Service on May 1, 2024. Posted in Public Companies.

Basildon, May 1, 2024 CNH Industrial (NYSE: CNHI) announces that the Company’s common shares listed on the New York Stock Exchange (NYSE) will begin trading under the symbol “CNH” effective Monday, May 20, 2024. This will replace the Company’s current ticker symbol, “CNHI”, marking a return to both our original ticker symbol “CNH” – used until 2013 – and our identity as a leading pureplay provider of equipment, technology and services for agriculture and construction. CNH Industrial N.V. will remain the name of the legal entity. The ticker symbol for the Company’s 3.850% Notes due 2027 will also change from “CNHI 27” to “CNH 27” at the same time. No action is required by the Company’s shareholders or bondholders with respect to the ticker symbol changes, as the Company’s common stock and notes will continue to be listed on the...

Host Hotels & Resorts Acquires 1 Hotel Nashville and Embassy Suites by Hilton Nashville Downtown

Written by Customer Service on May 1, 2024. Posted in Mergers And Acquisitions.

BETHESDA, Md., May 01, 2024 (GLOBE NEWSWIRE) — Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust, today announced that it has acquired the fee simple interest in a two-hotel complex comprising the 215-room 1 Hotel Nashville and the 506-room Embassy Suites by Hilton Nashville Downtown (together, the “Property”) for approximately $530 million in cash. The acquisition price represents a 12.6x EBITDA multiple or a cap rate of approximately 7.4% on the Property’s 2024 estimated results1. The Property is expected to be among Host’s top-25 assets based on estimated full year 2024 results, with expected combined RevPAR of $275, Total RevPAR of $435, and EBITDA per key of $58,5502, further improving the quality of the Company’s portfolio. James F. Risoleo, President...

Day: May 1, 2024

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