Day: May 3, 2024

Uniti to Merge with Windstream Creating Premier Insurgent Fiber Provider

Written by Customer Service on May 3, 2024. Posted in Mergers And Acquisitions.

Scaled Platform and Differentiated Focus on Tier II and III Markets De-levered Balance Sheet and Cash Flow Generation to Support Growth Additional Value Creation Opportunities Include up to $125 Million of Targeted Annual Opex and Capex Synergies and Enhanced Strategic Optionality LITTLE ROCK, Ark., May 03, 2024 (GLOBE NEWSWIRE) — Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that it has entered into a definitive agreement to merge with Windstream Holdings II, LLC (“Windstream”). Under the terms of the agreement, which have been unanimously approved by both companies’ Board of Directors, upon closing, Uniti shareholders will hold approximately 62% of the outstanding common equity of the combined company and Windstream shareholders will hold approximately 38% of the outstanding common equity. The merger combines Uniti’s...

Shenandoah Telecommunications Company Reports First Quarter 2024 Results

Written by Customer Service on May 3, 2024. Posted in Earnings Releases And Operating Results.

EDINBURG, Va., May 03, 2024 (GLOBE NEWSWIRE) — Shenandoah Telecommunications Company (“Shentel” or the “Company”) (Nasdaq: SHEN) announced first quarter 2024 financial and operating results. Tower segment’s financial results will be presented as discontinued operations in the Company’s Consolidated Financial Statements. Under the new organizational and reporting structure, the Company has one reportable segment in continuing operations. First Quarter 2024 HighlightsGlo Fiber Markets added approximately 5,000 subscribers and ended the quarter with approximately 47,000 subscribers. Glo Fiber passings grew 25,700 to a total of approximately 260,000. As previously reported, Shentel completed the initial closing of the sale of substantially all of Shentel’s tower portfolio and operations (“Tower Portfolio”) to Vertical Bridge Holdco,...

GH Research Reports First Quarter 2024 Financial Results and Provides Business Updates

Written by Customer Service on May 3, 2024. Posted in Earnings Releases And Operating Results.

Phase 2b clinical trial of GH001 in patients with treatment-resistant depression on track for expected completion of double-blind phase in Q3 2024 and of 6-month open-label extension phase in Q1 2025 Phase 2a clinical trial of GH001 in postpartum depression on track for expected completion in Q3 2024 Cash, cash equivalents, other financial assets and marketable securities of $214.0 million expected to provide cash runway into 2026DUBLIN, Ireland, May 03, 2024 (GLOBE NEWSWIRE) — GH Research PLC (Nasdaq: GHRS), a clinical-stage biopharmaceutical company dedicated to transforming the treatment of psychiatric and neurological disorders, today reported financial results for the first quarter ended March 31, 2024, and provided updates on its business. Business Updates GH001 in Patients with TRD GH001, our proprietary inhaled mebufotenin...

Rapid Micro Biosystems Reports First Quarter 2024 Financial Results

Written by Customer Service on May 3, 2024. Posted in Earnings Releases And Operating Results.

Reports first quarter 2024 total revenue of $5.6 million, representing growth of 11% compared to first quarter 2023 Reaffirms full year 2024 total revenue guidance of at least $27.0 million, representing growth of at least 20% compared to full year 2023 LOWELL, Mass., May 03, 2024 (GLOBE NEWSWIRE) — Rapid Micro Biosystems, Inc. (Nasdaq: RPID) (the “Company”), an innovative life sciences technology company providing mission critical automation solutions to facilitate the efficient manufacturing and fast, safe release of healthcare products, today announced its financial results for the first quarter ended March 31, 2024. Recent HighlightsFirst quarter total revenue (combined product and service revenue) increased 11% to $5.6 million First quarter recurring revenue increased 15% to $3.7 million, including record consumable revenue Placed...

Plains All American Reports First-Quarter 2024 Results

Written by Customer Service on May 3, 2024. Posted in Public Companies.

Provides Update on Permian Long-Haul Contracting & Announces Bolt-on Acquisitions HOUSTON, May 03, 2024 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported first-quarter 2024 results and reaffirmed full-year 2024 Adjusted EBITDA guidance. Plains also provided updates on Permian long-haul contracting and announced two bolt-on acquisitions. First-Quarter ResultsReported Net income attributable to PAA of $266 million and Net cash provided by operating activities of $419 million Delivered Adjusted EBITDA attributable to PAA of $718 million; on-track to meet full-year guidance of $2.625 – $2.725 billion Generated Adjusted Free Cash Flow of $262 million (excluding changes in Assets & Liabilities; including bolt-on acquisition capital) Increased annualized...

Ocular Therapeutix™ To Present at Two Ophthalmology Meetings, May 4-9, 2024

Written by Customer Service on May 3, 2024. Posted in Public Companies.

2024 OIS Retina and ARVO meetings are being held in Seattle, Washington BEDFORD, Mass., May 03, 2024 (GLOBE NEWSWIRE) — Ocular Therapeutix, Inc. (NASDAQ:OCUL, “Ocular”, the “Company”), a biopharmaceutical company committed to enhancing people’s vision and quality of life through the development and commercialization of innovative therapies for wet age-related macular degeneration (wet AMD), diabetic retinopathy, and other diseases and conditions of the eye, announced multiple presentations at the Ophthalmology Innovation Source (OIS) Retina 2024 (May 4th) and the Association for Research in Vision and Ophthalmology (ARVO) 2024 meetings (May 5-9th) being held in Seattle, Washington. Presentations at OIS Retina 2024:Session Title: “Spotlight on Drug Delivery”Session Date/Time: Saturday, May 4th, 11:15 AM – 12:00 PM PDTOcular Presentation:...

Kelly Enters Agreement to Acquire Specialty Talent Solutions Company, Motion Recruitment Partners, LLC

Written by Customer Service on May 3, 2024. Posted in Mergers And Acquisitions.

Transformational acquisition strengthens scale and capabilities of Kelly’s staffing and consulting solutions across technology, telecommunications, and government specialties in North America, and recruitment process outsourcing (RPO) solutions globally Provides Motion Recruitment Partners and its leading brands with a highly invested partner to enable continued growth Demonstrates Kelly’s commitment to rapidly redeploying capital and leveraging its strong balance sheet in pursuit of inorganic investments in higher-margin, higher-growth specialtiesTROY, Mich., May 03, 2024 (GLOBE NEWSWIRE) — Kelly (Nasdaq: KELYA, KELYB) (“the Company”), a leading global specialty talent solutions provider, has entered into a definitive agreement to acquire Motion Recruitment Partners, LLC (“MRP”), from Littlejohn & Co., LLC (“Littlejohn”),...

Uniti Group Inc. Reports First Quarter 2024 Results

Written by Customer Service on May 3, 2024. Posted in Earnings Releases And Operating Results.

Announced Merger with Windstream Creates Premier Insurgent Fiber Provider Updates 2024 OutlookNet Income of $41.3 Million for the First Quarter Net Income of $0.16 Per Diluted Common Share for the First Quarter AFFO Per Diluted Common Share of $0.32 for the First QuarterLITTLE ROCK, Ark., May 03, 2024 (GLOBE NEWSWIRE) — Uniti Group Inc. (“Uniti” or the “Company”) (Nasdaq: UNIT) today announced its results for the first quarter 2024. “Uniti is off to a solid start in 2024. Our core recurring strategic fiber business grew 4% in the first quarter of 2024 when compared to the first quarter of 2023. Also, our net success-based capital intensity at Uniti Fiber during the quarter declined to 34% from 46% in the first quarter of 2023. These metrics further reiterate that our lease-up strategy continues to be successful. We also continue...

TransAlta Reports First Quarter 2024 Results

Written by Customer Service on May 3, 2024. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, May 03, 2024 (GLOBE NEWSWIRE) — TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) today reported its financial results for the first quarter ended March 31, 2024, demonstrating strong operational and financial performance and reaffirming its 2024 outlook. First Quarter 2024 Financial Highlights TransAlta’s first quarter results exceeded our expectations given the anticipated decline in Alberta spot power prices to $99 per MWh in 2024, as compared to elevated spot power prices of $142 per MWh in 2023. The 30 per cent decline in spot prices year over year was primarily due to milder weather, lower natural gas prices and incremental generation from the addition of new wind and solar supply in the market. Highlights for the quarter include:Adjusted EBITDA(1) of $328 million, compared to...

TC Energy reports strong first quarter 2024 operating and financial results

Written by Customer Service on May 3, 2024. Posted in Earnings Releases And Operating Results.

Advancing clear set of strategic priorities to maximize shareholder returns CALGARY, Alberta, May 03, 2024 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its first quarter results today. François Poirier, TC Energy’s President and Chief Executive Officer commented, “During the first three months of 2024, we delivered 11 per cent year-over-year growth in comparable EBITDA1 and approximately four per cent growth in segmented earnings, which was underpinned by the continued reliability, availability, and exceptional performance of our assets.” Poirier continued, “Our clearly defined 2024 strategic priorities focused on maximizing the value of our assets, project execution and enhancing balance sheet strength remain unchanged as we progress throughout the year.” Highlights (All...

Day: May 3, 2024

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