Day: May 1, 2024

Savage Acquires Texon – Strengthens its Position in the Midstream Energy Space

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

Savage and Texon logosSavage acquires Texon – strengthens its position in the midstream energy spaceSALT LAKE CITY, May 01, 2024 (GLOBE NEWSWIRE) — Savage, a global provider of supply chain infrastructure and solutions, has acquired Texon, a Houston, Texas-based midstream service provider of butane blending and energy marketing. The addition of Texon and its team, which will continue to operate under its legacy brand, significantly bolsters Savage’s existing energy business. “With the acquisition of Texon we’re adding an excellent team with deep expertise and an outstanding reputation in the energy space. We see tons of opportunities to drive value for our Customers through our combined teams, assets and services,” said Kirk Aubry, President and CEO of Savage. “We’re excited to welcome the Texon team to Savage and...

Emergent BioSolutions Releases New Survey Findings Underscoring the Need to Continue Expanding Access & Increasing Awareness to Naloxone

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

Nearly 9 in 10 Americans surveyed agree opioid overdoses are a concern for teenagers and college students; parents in the survey want life-saving treatment to be easily accessible in case of an emergencyGAITHERSBURG, Md., May 01, 2024 (GLOBE NEWSWIRE) — Emergent BioSolutions Inc. (NYSE: EBS) today announced the results of a new national public opinion survey showing that more than 90 percent of Americans surveyed recognize opioid overdoses are a pressing concern for teenagers and college students, and more than 9 in 10 parents in the survey agree schools should do more to educate on the risks of opioids and how to respond to an overdose. Conducted by Bryter Global on behalf of Emergent, the survey revealed significant support among Americans – and specifically among parents – for measures aimed at enhancing opioid education...

Servus and connectFirst credit unions announce historic merger will proceed

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

CALGARY, Alberta, May 01, 2024 (GLOBE NEWSWIRE) — In a landmark move for cooperative banking in Alberta, Servus and connectFirst Credit Unions proudly announce that their merger closed on May 1. This announcement follows approval from the Credit Union Deposit Guarantee Corporation and more than 84 per cent of each credit union’s membership. “The merger marks the union of two industry leaders, each bringing unique strengths and capabilities that, together, will create one of the largest and strongest credit unions in the country,” says Andrew Eberl, Chair of the former connectFirst Board of Directors. “The resounding approvals we received from voting members of both credit unions show how truly promising the benefits of this merger are.” Together, connectFirst and Servus now unite more than 3,000 employees and serve approximately...

UFP Technologies Announces Record Q1 Results

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

NEWBURYPORT, Mass., May 01, 2024 (GLOBE NEWSWIRE) — UFP Technologies, Inc. (Nasdaq: UFPT), a designer and custom manufacturer of comprehensive solutions primarily for the medical market, today reported net income of $12.7 million or $1.64 per diluted common share outstanding for its first quarter ended March 31, 2024, compared to net income of $9.7 million or $1.27 per diluted common share outstanding for the first quarter of 2023. Net Sales for the first quarter were $105.0 million compared to 2023 first quarter sales of $97.8 million. “I am very pleased with our financial results and continued progress on a number of key strategic fronts,” said R. Jeffrey Bailly, Chairman & CEO. “In Q1 we generated 7.4% organic sales growth in both our MedTech and Advanced Components businesses. Operating income and net income grew 24% and...

Natural Health Trends Reports First Quarter 2024 Financial Results

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

For the first time in six years, first quarter orders exceeded the preceding fourth quarter’s, up 11%. Compared to a year ago, orders were up 1%. Reported positive cash flows from operations during the quarter, first time in five quarters Declared a quarterly cash dividend of $0.20 per shareHONG KONG, May 01, 2024 (GLOBE NEWSWIRE) — Natural Health Trends Corp. (NASDAQ: NHTC), a leading direct-selling and e-commerce company that markets premium quality personal care, wellness and “quality of life” products under the NHT Global brand, today announced its financial results for the quarter ended March 31, 2024. First Quarter 2024 Financial HighlightsRevenue of $11.0 million decreased 8% compared to $11.9 million in the first quarter of 2023. The decrease was entirely due to changes in the differences in deferred revenue...

Savi Financial Corporation Reports Results for the First Quarter of 2024

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

MOUNT VERNON, Wash., May 01, 2024 (GLOBE NEWSWIRE) — Savi Financial Corporation, Inc. (OTC Pink: SVVB), the bank holding company for SaviBank, today announced a net loss of $416,000, or a loss of $0.09 per diluted share, for the first quarter of 2024. This compared to a net loss of $1.54 million, or a loss of $0.35 per diluted share in the preceding quarter, and net income of $468,000, or $0.11 per diluted share, in the first quarter of 2023. Net income for the current quarter was impacted by higher interest expense on deposits, lower noninterest income due to the slowing SBA market and merger related expenses. All results are unaudited. “Our operating results for the first quarter of 2024 produced solid growth in loans and deposits, reflecting our successful outreach in our Western Washington markets,” said Michal D. Cann, Chairman...

Bay Community Bancorp Earns $1.66 Million in First Quarter 2024; Increases Quarterly Cash Dividend by 10% to $0.055 Per Share

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

OAKLAND, Calif., May 01, 2024 (GLOBE NEWSWIRE) — Bay Community Bancorp, (OTCPink: CBOBA) (the “Company”), parent company of Community Bank of the Bay, (the “Bank”) a San Francisco Bay Area commercial bank and California’s first certified FDIC-insured Community Development Financial Institution (“CDFI”) with full-service offices in Oakland, Danville, San Jose and San Mateo, and a production office in San Francisco, today reported net income of $1.66 million for the first quarter of 2024, compared to $1.31 million for the fourth quarter and $1.94 million for the first quarter of 2023. All financial results are unaudited. The Company’s Board of Directors increased its quarterly cash dividend by 10% to $0.055 per share. The dividend is payable June 4, 2024, to shareholders of record on May 23, 2024. This marks the thirteenth consecutive...

Earlyworks Co., Ltd. Reports Financial and Operational Performance for the Six Months Ended October 31, 2023

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

TOKYO, May 01, 2024 (GLOBE NEWSWIRE) — Earlyworks Co., Ltd. (NASDAQ: ELWS) (the “Company”), a Japanese provider of blockchain technology solutions, yesterday announced its financial results for the six months ended October 31, 2023. For the six months ended October 31, 2023, the Company’s revenue increased by approximately JPY 22,738 thousand, gross profit increased by approximately JPY 39,631 thousand and net loss decreased by approximately JPY 28,393 thousand, as compared to the same period in 2022. Management Commentary The six-month period ended October 31, 2023 marks several milestones for the Company. First, the Company achieved its initial public offering and listing on the NASDAQ in the six months ended October 31, 2023. Second, the Company has been able to leverage its research and development achievements for business...

Runway Growth Finance Corp. Announces Second Quarter Regular Dividend of $0.40 and $0.07 Supplemental Distribution

Written by Customer Service on May 1, 2024. Posted in Dividend Reports And Estimates.

MENLO PARK, Calif., May 01, 2024 (GLOBE NEWSWIRE) — Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced that its Board of Directors has declared a second quarter 2024 regular dividend of $0.40 per share. In addition, the Board of Directors declared a supplemental dividend of $0.07 per share, for the second quarter of 2024. The following shows the key dates of the second quarter 2024 dividend, including the supplemental dividend: Declaration Date: April 30, 2024Record Date: May 10, 2024 Payment Date: May 24, 2024 Runway Growth generally intends to distribute, out of assets legally available for distribution, substantially all of its available earnings, on a quarterly...

Cemtrex, Inc. Announces Pricing of $10 Million Upsized Underwritten Public Offering

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

Hauppauge, NY, May 01, 2024 (GLOBE NEWSWIRE) — – Cemtrex, Inc. (Nasdaq: CETX) (the “Company”), an advanced security technology and industrial services company, today announced the pricing of a firm commitment underwritten public offering with gross proceeds to the Company expected to be approximately $10 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering was upsized from $9 million. The base offering consists of 11,764,705 Common Units or Pre-Funded Units, each consisting of one share of common stock (“Common Share”) or one Pre-Funded Warrant, one Series A Warrant to purchase one Common Share at an exercise price of $0.85 per share or pursuant to an alternative cashless exercise option, which warrant will expire two-and-a-half years from the closing date of this offering...

Day: May 1, 2024

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