Skyward Specialty Announces Pricing of Its Secondary Offering of Its Common Stock

Written by Customer Service on May 6, 2024. Posted in Public Companies.

HOUSTON, May 06, 2024 (GLOBE NEWSWIRE) — Skyward Specialty Insurance Group, Inc. (NASDAQ: SKWD) (“Skyward Specialty” or the “Company”) a leader in the specialty property and casualty (“P&C”) market, announced the pricing of its secondary offering of 4,400,000 shares being offered by The Westaim Corporation, through its wholly-owned subsidiary, Westaim HIIG GP Inc. (the “Selling Stockholder”) at $36.50. In connection with the offering, the Selling Stockholder has also granted the underwriters a 30-day option to purchase up to an additional 660,000 shares of Skyward Specialty’s common stock. The Selling Stockholder will hold 4.80% and 6.45% in Skyward Specialty, assuming full and no exercise of the underwriters’ option to purchase the additional shares, respectively. Skyward Specialty will not receive any of the proceeds...

Methode Electronics Announces CEO Transition

Written by Customer Service on May 6, 2024. Posted in Public Companies.

Kevin Nystrom Appointed Interim Chief Executive Officer Mark Schwabero Appointed Vice Chairman of the Board CHICAGO, May 06, 2024 (GLOBE NEWSWIRE) — Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, announced today that Kevin Nystrom, a partner and managing director at AlixPartners LLP, has been appointed interim CEO, effective immediately. The company has previously disclosed its ongoing engagement with AlixPartners for various consulting services, including cost reduction and financial advisory. Mr. Nystrom succeeds Avi Avula, who resigned from his position as President and Chief Executive Officer. Methode’s Board of Directors, with the assistance of executive search firm Spencer Stuart, has initiated...

Ascot Announces Update to Its Board of Directors

Written by Customer Service on May 6, 2024. Posted in Public Companies.

VANCOUVER, British Columbia, May 06, 2024 (GLOBE NEWSWIRE) — Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) today announces that effective May 9, 2024, Don Njegovan is stepping down as a Director of the Company to focus on his duties at Osisko Mining Inc. Ascot’s remaining six Directors have appointed Derek White, current President and CEO of the Company, to replace Mr. Njegovan as Director, also effective May 9, 2024. Mr. Njegovan stated: “I would like to congratulate the Board of Directors and the entire team at Ascot for all of their achievements and wish them the greatest success in the future.” The Directors and Management of Ascot wish to thank Don for his valuable insights and guidance for the past six and a half years of his service on the Board. On behalf of the Board of Directors of Ascot Resources...

Timbercreek Financial Announces 2024 First Quarter Results

Written by Customer Service on May 6, 2024. Posted in Earnings Releases And Operating Results.

TORONTO, May 06, 2024 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) announced today its financial results for the three months ended March 31, 2024 (“Q1 2024”). Q1 2024 Highlights1 The net mortgage investment portfolio increased by $31.3 million to $977.5 million at the end of Q1 2024 from $946.2 million at the end of Q4 2023 (Q1 2023 – $1,149.1 million). Strong quarter of originations made possible by anticipated repayments: $198.5 million in net mortgage investments in the quarter. The repayments in the quarter are welcomed as delinquent loans repaid, positioning the Company for growth through the origination of loans based on re-set market fundamentals through 2024 and 2025. Distributed a total of $19.1 million in dividends to shareholders, comprising of a one-time special dividend of $4.8 million, or $0.0575...

Beyond, Inc. Reports First Quarter 2024 Financial Results

Written by Customer Service on May 6, 2024. Posted in Earnings Releases And Operating Results.

– Reported Revenue Growth on a Year-over-Year Basis – – Delivered 2.2 Million Orders, Representing a 27% YoY Increase in Transaction Volume – – Acquired Zulily, Doubling Down on Off-Priced Home and Lifestyle Business – – Soft Launched Iconic Overstock Site 6 Months Ahead of Schedule; Early Growth is Promising – MIDVALE, Utah, May 06, 2024 (GLOBE NEWSWIRE) — Beyond, Inc. (NYSE:BYON), parent company of Overstock, Bed Bath & Beyond, Zulily, and other online retail brands designed to unlock your home’s potential, today reported financial results for the first quarter ended March 31, 2024. “2024 has begun with a strong strategic focus on building a portfolio of profitable brands designed to drive high customer affinity and lifetime value,” said Marcus Lemonis, Executive Chairman of the Board. “We are now 120 days into this new...

Hamilton Thorne to Announce Q1 2024 Financial Results and Hold Conference Call on May 14, 2024

Written by Customer Service on May 6, 2024. Posted in Public Companies.

BEVERLY, Mass. and TORONTO, May 06, 2024 (GLOBE NEWSWIRE) — Hamilton Thorne Ltd. (TSX: HTL), a leading provider of precision instruments, laboratory equipment, consumables, software and services to the Assisted Reproductive Technologies (ART), research, and cell biology markets, today announced that it will release its financial results for the three months ended March 31, 2024 before market open on Tuesday, May 14, 2024. The press release, with accompanying financial information, will be posted on the Company’s website at www.hamiltonthorne.ltd and on www.sedar.com. The Company will follow with a conference call on the same day at 9:00 a.m. EDT to review highlights of the results. All interested parties are welcome to join the conference call by dialing toll free 1-833-366-1126 in North America, or 1-412-317-0703 from other locations,...

Wilmington Announces 2024 First Quarter Results

Written by Customer Service on May 6, 2024. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, May 06, 2024 (GLOBE NEWSWIRE) — Wilmington Capital Management Inc. (“Wilmington” or the “Corporation”) reported net income for the three months ended March 31, 2024, of $1.3 million or $0.10 per share compared to net loss of $0.5 million or ($0.05) per share for the same period in 2023. A summary of the Corporation’s activities and the operations of its investees is set out below: OverviewAs previously reported the Corporation has set its sights on simplifying its business and monetizing those investments where the embedded value has been substantially realized. In the preceding 9 months, the Corporation monetized its investment in the Bow City Partnerships, Northbridge and certain underlying energy funds and more recently its investment in the marina business. InvesteesSunchaser PartnershipThe success of the...

CVG Reports First Quarter 2024 Results

Written by Customer Service on May 6, 2024. Posted in Earnings Releases And Operating Results.

EPS of $0.09, Adjusted EBITDA of $12.7 millionElectrical Systems revenues up 1.9% year-over-year despite a softening in end marketsReaffirming full-year Revenue and Adjusted EBITDA guidance ranges NEW ALBANY, Ohio, May 06, 2024 (GLOBE NEWSWIRE) — CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its first quarter ended March 31, 2024. First Quarter 2024 Highlights (Compared with prior year, where comparisons are noted) Revenues of $232.1 million, down 11.6% due primarily to a softening in customer demand, partially offset by an increase in Electrical Systems sales. Operating income of $6.6 million, down 55.1%; adjusted operating income of $8.5 million, down 44.8%. The reduction in operating income was driven primarily by lower sales volumes, somewhat offset by reduced...

Finning reports Q1 2024 results, 10% dividend increase, and significant copper deals awarded in Q2 2024

Written by Customer Service on May 6, 2024. Posted in Earnings Releases And Operating Results.

VANCOUVER, British Columbia, May 06, 2024 (GLOBE NEWSWIRE) — Finning International Inc. (TSX: FTT) (“Finning”, the “Company”, “we”, “our” or “us”) reported first quarter 2024 results today. All monetary amounts are in Canadian dollars unless otherwise stated. “I would like to thank our team for their dedication to serving our customers and diligently building execution momentum through our strategic plan. We are pleased with our new equipment deliveries in the quarter. Combined with the strong execution of our used equipment strategy, we continue to build equipment population, while also demonstrating resilience and helping offset the impact of lower product support revenue in the quarter. We are pleased with our recent strategically important wins in each region, including contracts with multiple copper mines in Chile, the oil...

Coherent Corp. Releases Third-Quarter Fiscal Year 2024 Financial Results

Written by Customer Service on May 6, 2024. Posted in Earnings Releases And Operating Results.

PITTSBURGH, May 06, 2024 (GLOBE NEWSWIRE) — Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, announced today the financial results for its third quarter of fiscal year 2024. These results have been posted as a letter to shareholders on the Investor Relations section of its website at coherent.com/company/investor-relations. A conference call to discuss these results with Chair and CEO Dr. Vincent D. (Chuck) Mattera, Jr., and members of the management team will be held on Tuesday, May 7, 2024, at 8:00 a.m. ET. Individuals wishing to listen to the live webcast of the call can access the event at the company’s website by visiting coherent.com/company/investor-relations. The call will be recorded, and a replay will be available for a limited time. The shareholder letter sets forth detailed financial...

Day: May 6, 2024

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Cookie Notice