RevoluGROUP Announces CEO and Director Stepping Down

Written by Customer Service on May 2, 2024. Posted in Public Companies.

VANCOUVER, British Columbia and BARCELONA, Spain., May 02, 2024 (GLOBE NEWSWIRE) — RevoluGROUP Canada Inc. (TSX- V: REVO), (Frankfurt: IJA2), (Munich: A2PU92) (“RevoluGROUP”) today announced CEO and Director, Gavin McMillan, will be stepping down from his positions, effective immediately. Gavin joined the Company in August 2023 and served as CEO for over six months. During his leadership, McMillan has been instrumental in focusing on the continued development of the API-driven Payment-as-a-Service (PaaS) model, which has continued to expand through key white-label partnerships and joint venture agreements and enhancing revenue streams. In a statement, Bernard Lonis, the Chairman of the Board, acknowledged McMillan’s vital contributions and leadership, stating, “We owe a great deal of gratitude to Gavin for...

RevoluGROUP Announces CEO and Director Stepping Down

Written by Customer Service on May 2, 2024. Posted in Public Companies.

Vancouver (Canada) and Barcelona (Spain), May 02, 2024 (GLOBE NEWSWIRE) — RevoluGROUP Canada Inc. (TSX- V: REVO), (Frankfurt: IJA2), (Munich: A2PU92) (“RevoluGROUP”) today announced CEO and Director, Gavin McMillan, will be stepping down from his positions, effective immediately. Gavin joined the Company in August 2023 and served as CEO for over six months. During his leadership, McMillan has been instrumental in focusing on the continued development of the API-driven Payment-as-a-Service (PaaS) model, which has continued to expand through key white-label partnerships and joint venture agreements and enhancing revenue streams. In a statement, Bernard Lonis, the Chairman of the Board, acknowledged McMillan’s vital contributions and leadership, stating, “We owe a great deal of gratitude to Gavin for his dedication...

Silicon Motion Announces Results for the Period Ended March 31, 2024

Written by Customer Service on May 2, 2024. Posted in Earnings Releases And Operating Results.

Business Highlights First quarter of 2024 sales decreased 6% Q/Q and increased 53% Y/Y SSD controller sales: 1Q of 2024 increased 0% to 5% Q/Q and increased 35% to 40% Y/Y eMMC+UFS controller sales: 1Q of 2024 decreased 10% to 15% Q/Q and increased 235% to 240% Y/Y SSD solutions sales: 1Q of 2024 decreased 5% to 10% Q/Q and decreased 30% to 35% Y/Y Financial Highlights 1Q 2024 GAAP 1Q 2024 Non-GAAP • Net sales $189.3 million (-6% Q/Q, +53% Y/Y) $189.3 million (-6% Q/Q, +53% Y/Y) • Gross margin 45.0% 45.0% • Operating margin 9.5% 12.0% • Earnings per diluted ADS $0.48 $0.64 TAIPEI, Taiwan and MILPITAS, Calif., May 03, 2024 (GLOBE NEWSWIRE) — Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion”, the “Company” or “we”) today announced its financial results for the quarter ended March 31,...

Invivyd to Host Conference Call Discussing First Quarter 2024 Financial Results and Business Highlights

Written by Customer Service on May 2, 2024. Posted in Public Companies.

WALTHAM, Mass., May 02, 2024 (GLOBE NEWSWIRE) — Invivyd, Inc. (Nasdaq: IVVD), a biopharmaceutical company devoted to delivering protection from serious viral infectious diseases, today announced that it will host a conference call on Thursday, May 9, 2024, at 4:30 p.m. ET to discuss its financial results for the first quarter ended March 31, 2024, and recent business highlights. Listeners can register for the webcast via this link. Analysts wishing to participate in the question and answer session should use this link. A replay of the webcast will be available via the company’s investor website approximately two hours after the call’s conclusion. Those who plan on participating are advised to join 15 minutes prior to the start time. About Invivyd Invivyd, Inc. (Nasdaq: IVVD) is a biopharmaceutical company devoted to delivering...

Colabor Group Reports Results for the First Quarter 2024

Written by Customer Service on May 2, 2024. Posted in Earnings Releases And Operating Results.

SAINT-BRUNO-DE-MONTARVILLE, Quebec, May 02, 2024 (GLOBE NEWSWIRE) — Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Company”) reports its results for the first quarter ended March 23, 2024. First Quarter 2024 Financial Highlights: Sales decreased by 2.0% to $131.2 million, compared to $133.9 million for the corresponding period of 2023; Net loss from continuing operations was $1.8 million compared to $0.2 million for the corresponding period of 2023; Adjusted EBITDA(1) decreased by 12.4% to $4.9 million from $5.6 million for the corresponding period of 2023 with an adjusted EBITDA(1) margin to 3.7% of sales compared to 4.2% of sales during the corresponding period of 2023; Cash flow from operating activities increased to $11.7 million compared to $0.8 million for the first quarter of 2023; Net debt(2) decreased to $56.8 million,...

Diversified Royalty Corp. Announces May 2024 Cash Dividend and Q1 2024 Earnings Release Date

Written by Customer Service on May 2, 2024. Posted in Dividend Reports And Estimates.

VANCOUVER, British Columbia, May 02, 2024 (GLOBE NEWSWIRE) — Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce that its board of directors has approved a cash dividend of $0.02083 per common share for the period of May 1, 2024 to May 31, 2024, which is equal to $0.25 per common share on an annualized basis. The dividend will be paid on May 31, 2024 to shareholders of record as of the close of business on May 15, 2024. Q1 2024 Earnings Release Date DIV will release earnings results for the three months ended March 31, 2024 following the closing of regular trading on the Toronto Stock Exchange on May 9, 2024. About Diversified Royalty Corp. DIV is a multi-royalty corporation, engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and...

Martinrea International Inc. Reports Strong First Quarter Results and Declares Dividend

Written by Customer Service on May 2, 2024. Posted in Public Companies.

TORONTO, May 02, 2024 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the first quarter ended March 31, 2024, and declared a quarterly cash dividend of $0.05 per share. FIRST-QUARTER HIGHLIGHTS Total sales of $1,323.9 million, up 1.5% year-over-year. Diluted net earnings per share of $0.56 and Adjusted Net Earnings per Share(1) of $0.62. Adjusted Operating Income Margin(1) of 6.0%. Adjusted EBITDA(1) of $162.8 million. First-quarter results improved significantly quarter over quarter. Free Cash Flow(1) (excluding principal payments of IFRS-16 lease liabilities) was ($1.4) million, inclusive...

Post Holdings Reports Results for the Second Quarter of Fiscal Year 2024; Raises Fiscal Year 2024 Outlook

Written by Customer Service on May 2, 2024. Posted in Earnings Releases And Operating Results.

ST. LOUIS, May 02, 2024 (GLOBE NEWSWIRE) — Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today reported results for the second fiscal quarter ended March 31, 2024. Highlights: Second quarter net sales of $2.0 billion Operating profit of $190.1 million; net earnings of $97.2 million and Adjusted EBITDA (non-GAAP)* of $345.2 million Raised fiscal year 2024 Adjusted EBITDA (non-GAAP)* outlook to $1,335-$1,375 million *For additional information regarding non-GAAP measures, such as Adjusted EBITDA, Adjusted net earnings, Adjusted diluted earnings per common share and segment Adjusted EBITDA, see the related explanations presented under “Use of Non-GAAP Measures” later in this release. Post provides Adjusted EBITDA guidance only on a non-GAAP basis and does not provide a reconciliation of its forward-looking...

European Residential REIT Reports First Quarter 2024 Results

Written by Customer Service on May 2, 2024. Posted in Earnings Releases And Operating Results.

TORONTO, May 02, 2024 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (“ERES” or the “REIT”) (TSX: ERE.UN) announced today its results for the three months ended March 31, 2024. ERES’s unaudited condensed consolidated interim financial statements and management’s discussion and analysis (“MD&A”) for the three months ended March 31, 2024 can be found at www.eresreit.com or under ERES’s profile at SEDAR+ at www.sedarplus.ca. SIGNIFICANT EVENTS AND HIGHLIGHTS Operating Metrics Strong operating results continued into 2024, fuelled by strong rental growth. Same property portfolio Occupied Average Monthly Rents (“Occupied AMR”) increased by 6.7%, from €1,001 as at March 31, 2023, to €1,068 as at March 31, 2024, demonstrating the REIT’s continued...

FLINT Announces First Quarter 2024 Financial Results

Written by Customer Service on May 2, 2024. Posted in Earnings Releases And Operating Results.

Books $201.5 million in New Contract Awards and Renewals in First Quarter CALGARY, Alberta, May 02, 2024 (GLOBE NEWSWIRE) — FLINT Corp. (“FLINT” or the “Company”) (TSX: FLNT) today announced its results for the three months ended March 31, 2024. All amounts are in Canadian dollars and expressed in thousands of dollars unless otherwise noted. “EBITDAS” and “Adjusted EBITDAS” are not standard measures under IFRS. Please refer to the Advisory regarding Non-GAAP Financial Measures at the end of this press release for a description of these items and limitations of their use. “We continue to execute our organic growth strategy that targets both industrial end market and geographic diversification. During the quarter, we made additional investments in our business development team to support our organic growth strategy. We...

Day: May 2, 2024

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