Day: May 2, 2024

SPX Technologies Reports First Quarter 2024 Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Q1 GAAP EPS of $1.05; Adjusted EPS* of $1.25    Strong Demand and Execution in HVAC Raising 2024 Full-Year Adjusted EPS* Guidance to a Range of $5.15 to $5.40 CHARLOTTE, N.C., May 02, 2024 (GLOBE NEWSWIRE) — SPX Technologies, Inc. (NYSE:SPXC) (“SPX”, the “Company”, “we” or “our”) today reported results for the first quarter ended March 30, 2024. Gene Lowe, President and CEO, remarked, “I’m very pleased with our strong Q1 performance, which included substantial growth in all of our key profit measures and significant margin expansion in both segments. During the quarter we continued to see solid demand across several key markets and our businesses executed well operationally.” Mr. Lowe continued, “During Q1, we made significant progress on several key value creation initiatives, including driving greater efficiencies in our production...

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Jaguar Growth Partners Enters U.S. Market With $24 Million Acquisition of Multi Property Residential Platform in New York City

Written by Customer Service on . Posted in Mergers And Acquisitions.

NEW YORK, May 02, 2024 (GLOBE NEWSWIRE) — Jaguar Growth Partners (“Jaguar”), a privately-held investment management firm specializing in real estate private equity globally, today announced the acquisition of four distinct multi-family buildings in New York City with a combined purchase price and re-development cost of $24 million. For the acquisition, Jaguar partnered with Vinci Partners (NASDAQ: VINP), a leading Brazilian asset manager, and PEAK Capital Advisors, a vertically integrated real estate company focused on acquiring and redeveloping value-add multifamily, office, and mixed-use assets in prime New York City neighborhoods. The transaction marks the launch of Jaguar’s investment activity in the United States and is expected to be the first of a series programmatic investment ventures comprised of Real Estate equity and...

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Altus Group Reports Q1 2024 Financial Results and Quarterly Dividend

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Delivers Steady Revenue, Adjusted EBITDA and Profit Growth in Q1 2024 TORONTO, May 02, 2024 (GLOBE NEWSWIRE) — Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today its financial and operating results for the first quarter ended March 31, 2024 and the approval by its Board of Directors (“Board”) of the payment of a cash dividend of $0.15 per common share for the second quarter ending June 30, 2024.   Unless otherwise indicated, all amounts are in Canadian dollars and percentages are on an as reported basis in comparison to Q1 2023. Q1 2024 Summary Consolidated revenues were $199.5 million, up 4.6% (4.3% on a Constant Currency* basis). Profit (loss) was $(0.2) million, compared to $(2.4) million.   Earnings per share (“EPS”)...

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Relay Therapeutics Reports First Quarter 2024 Financial Results and Corporate Highlights

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Approximately $750 million in cash, cash equivalents and investments at end of Q1 2024, expected to fund operations into second half of 2026 CAMBRIDGE, Mass., May 02, 2024 (GLOBE NEWSWIRE) — Relay Therapeutics, Inc. (Nasdaq: RLAY), a clinical-stage precision medicine company transforming the drug discovery process by combining leading-edge computational and experimental technologies, today reported first quarter 2024 financial results and corporate highlights. “We have started 2024 with a focus on maintaining strong execution across our portfolio,” said Sanjiv Patel, M.D., President and Chief Executive Officer of Relay Therapeutics. “We continue to progress a robust RLY-2608 development program and expect to share additional data in the second half of the year. In parallel, we have continued to advance our pre-clinical pipeline...

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Fortinet Reports First Quarter 2024 Financial Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

First Quarter 2024 Highlights Total revenue of $1.35 billion, up 7% year over year Service revenue of $944 million, up 24% year over year GAAP operating margin of 23.7% Non-GAAP operating margin of 28.5%1 Cash flow from operations of $830 million Free cash flow of $609 million1 SUNNYVALE, Calif., May 02, 2024 (GLOBE NEWSWIRE) — Fortinet® (Nasdaq: FTNT), a global cybersecurity leader driving the convergence of networking and security, today announced financial results for the first quarter ended March 31, 2024. “We are diligently executing on our strategy announced six months ago to leverage our scale, go-to-market capabilities, customer-first focus, and engineering expertise to capitalize on the fast-growing Unified SASE and Security Operations markets while continuing to gain market share in Secure Networking,” said Ken Xie,...

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AdTheorent Holding Company, Inc. Reports First Quarter 2024 Financial Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

NEW YORK, May 02, 2024 (GLOBE NEWSWIRE) — AdTheorent Holding Company, Inc. (Nasdaq: ADTH) (“AdTheorent” or “the Company”), a machine learning pioneer and industry leader using privacy-forward solutions to deliver measurable value for programmatic advertisers, today announced its first quarter 2024 financial results. First Quarter 2024 Financial Overview: Revenue was $34.9 million, a 6.7% increase compared to $32.7 million in the first quarter of 2023. Gross profit was $14.3 million, down 0.2%, from the first quarter of 2023. Gross Profit Margin was 40.9%, compared to 43.7% in the first quarter of 2023. Adjusted Gross Profit* increased $1.5 million, or 7.1%, to $22.4 million compared to the first quarter of 2023. Adjusted Gross Profit Margin was 64.2% compared to 64.0% in the first quarter of 2023. Net loss was $9.9 million compared...

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LeMaitre Q1 2024 Financial Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

BURLINGTON, Mass., May 02, 2024 (GLOBE NEWSWIRE) — LeMaitre (Nasdaq:LMAT), a provider of vascular devices, implants and services, today reported Q1 2024 results, announced a $0.16/share quarterly dividend and provided guidance. Q1 2024 Financial Results Sales $53.5mm, +14% (+11% organic) vs. Q1 2023   Gross margin 68.6%, +300 bps Op. income $11.9mm, +51% Op. margin 22% Net income $9.9mm, +64% Earnings per diluted share $0.44, +62% Cash up $3.2mm sequentially to $108.3mm Allografts (+31%), bovine patches (+13%), carotid shunts (+27%) and distributed porcine patches drove Q1 sales. APAC sales increased 44%, EMEA 17% and the Americas 10%. The gross margin increased to 68.6% in Q1 (vs. 65.6% in Q1 2023) driven by average selling price increases and manufacturing efficiencies offset by product mix. Operating income of $11.9mm was...

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Opendoor Announces First Quarter of 2024 Financial Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

SAN FRANCISCO, May 02, 2024 (GLOBE NEWSWIRE) — Opendoor Technologies Inc. (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today reported financial results for its first quarter ended March 31, 2024. Opendoor’s first quarter 2024 financial results and management commentary can be accessed through the Company’s shareholder letter on the “Quarterly Reports” page of Opendoor’s investor relations website at https://investor.opendoor.com. “Our first quarter results exceeded the high end of our guidance across revenue, Contribution Margin, and Adjusted EBITDA. Our product continues to resonate with customers, as we more than doubled our market share year-over-year and continued to deliver industry-leading seller NPS. We entered the second quarter with strong momentum, and we are meaningfully ramping...

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Trupanion Reports First Quarter 2024 Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

SEATTLE, May 02, 2024 (GLOBE NEWSWIRE) — Trupanion, Inc. (Nasdaq: TRUP), the leading provider of medical insurance for cats and dogs, today announced financial results for the first quarter ended March 31, 2024. “It was a solid start to the year, with performance across our key financial metrics as expected,” said Margi Tooth, President of Trupanion. “Subscription revenue increased by 22% year-over-year. Moreover, discretionary profit from our core subscription business increased 55% while acquisition spend decreased 23% year-over-year. We continue to prioritize cash flow generation with the intention of gradually increasing our spending on growth as our margins expand.” First Quarter 2024 Financial and Business Highlights Total revenue was $306.1 million, an increase of 19% compared to the first quarter of 2023. Total enrolled...

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EMCORE Announces Sale of Chips Business and Wafer Fabrication Operations for $2.92M and Certain Assumed Liabilities

Written by Customer Service on . Posted in Mergers And Acquisitions.

BUDD LAKE, NJ, May 02, 2024 (GLOBE NEWSWIRE) — EMCORE Corporation (Nasdaq: EMKR), the world’s largest independent provider of inertial navigation solutions to the aerospace and defense industry, announced today the consummation effective April 30, 2024 of a transaction for the sale of its Chips business and indium phosphide (InP) wafer fabrication operations for a total purchase price of $2.92 million, together with the assumption by the buyer, HieFo Corporation, of certain assumed liabilities, of which $1 million was previously received from HieFo, and $1.92 million was paid by HieFo to EMCORE at the closing of the transaction. The transaction was consummated pursuant to the terms of an Asset Purchase Agreement entered into between EMCORE and HieFo on April 30, 2024, and included the transfer of substantially all assets related...

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