May 6, 2024 – Page 3 – Goldea Capital

Mueller Water Products Reports 2024 Second Quarter Results

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

Increased Net Sales 6.2 percent to $353.4 Million Reported Net Income per Diluted Share of $0.28 Achieved Record Adjusted Net Income per Diluted Share of $0.30 Raises Annual Guidance for Net Sales and Adjusted EBITDA Company Also Today Announced Update on Leadership Team and Board Refreshment ATLANTA, May 06, 2024 (GLOBE NEWSWIRE) — Mueller Water Products, Inc. (NYSE: MWA) announced financial results for its 2024 second quarter ended March 31, 2024. In the second quarter of 2024, the Company: Delivered net sales of $353.4 million, a 6.2 percent increase as compared with $332.9 million in the prior year quarter Reported operating income of $63.5 million as compared with $32.9 million in the prior year quarter and increased adjusted operating income 98.5 percent to $66.7 million as compared with $33.6 million in the prior year quarter Reported...

DZS to Acquire Subscriber Access Technology Leader NetComm

Written by Customer Service on May 6, 2024. Posted in Mergers And Acquisitions.

NetComm’s Subscriber Access portfolio to enhance and accelerate DZS broadband networking and cloud software portfolio, and adds marquee customers across North America, Europe, Australia and New Zealand DALLAS, May 06, 2024 (GLOBE NEWSWIRE) — DZS (Nasdaq: DZSI), a global leader of broadband networking and software-defined cloud solutions, today announced a binding agreement to acquire NetComm Wireless Pty Ltd. (NetComm). The acquisition of NetComm’s Fiber Extension, Fixed Wireless Access (FWA), Home Broadband and Industrial Internet of Things (IoT) products and patents combined with DZS’ category defining broadband networking and cloud software solutions will create one of the world’s most comprehensive and technologically advanced last mile broadband access portfolios. NetComm has approximately 50 active communications service...

Gatos Silver Reports First Quarter 2024 Results and Announces Investor Call

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

VANCOUVER, British Columbia, May 06, 2024 (GLOBE NEWSWIRE) — Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) today announced its first quarter 2024 financial and operating results. The Company will host an investor and analyst call on May 7, 2024, details of which are provided below. The Company has a 70% interest in the Los Gatos Joint Venture (“LGJV”), which in turn owns the Cerro Los Gatos (“CLG”) mine in Mexico. Production for the first quarter of 2024 was previously disclosed on April 9, 2024. The Company’s reporting currency is US dollars. Dale Andres, CEO said: “During the first quarter we continued to add cash to the balance sheet mainly because of the previously disclosed strong operational performance at the LGJV. All-in sustaining cost (“AISC”) per silver ounce was at the lower end of 2024 guidance...

Artesian Resources Corporation Reports First Quarter 2024 Results

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

NEWARK, Del., May 06, 2024 (GLOBE NEWSWIRE) — Artesian Resources Corporation (Nasdaq: ARTNA), a leading provider on the Delmarva Peninsula of water and wastewater services, and a number of other related business services, today announced earnings results for the first quarter of 2024. First Quarter Results Net income was $4.4 million, a $0.7 million, or 19.1%, increase compared to net income recorded during the three months ended March 31, 2023. Diluted net income per share increased 10.3% to $0.43, compared to $0.39 for the same period in 2023. Revenues totaled $24.5 million for the three months ended March 31, 2024, $2.0 million, or 9.1%, more than revenues for the three months ended March 31, 2023. Water sales revenue increased $1.8 million, or 10.0%, primarily as a result of a net 7.5% temporary water rate increase placed...

Vornado Announces First Quarter 2024 Financial Results

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

NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) — Vornado Realty Trust (NYSE: VNO) reported today: Quarter Ended March 31, 2024 Financial Results NET LOSS attributable to common shareholders for the quarter ended March 31, 2024 was $9,034,000, or $0.05 per diluted share, compared to net income attributable to common shareholders of $5,168,000, or $0.03 per diluted share, for the prior year’s quarter. FUNDS FROM OPERATIONS (“FFO”) attributable to common shareholders plus assumed conversions (non-GAAP) for the quarter ended March 31, 2024 was $104,129,000, or $0.53 per diluted share, compared to $119,083,000, or $0.61 per diluted share, for the prior year’s quarter. Adjusting for the items that impact period-to-period comparability listed in the table below, FFO attributable to common shareholders plus assumed conversions,...

TopBuild to Acquire Insulation Works

Written by Customer Service on May 6, 2024. Posted in Mergers And Acquisitions.

Residential, Commercial and Agricultural Installer With Approximately $28 Million in Annual Revenue; Extends TopBuild’s Expertise to Agricultural Market DAYTONA BEACH, Fla., May 06, 2024 (GLOBE NEWSWIRE) — TopBuild Corp. (NYSE:BLD) a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada, has entered into an agreement to acquire Insulation Works, based in Wickes, Ark. Insulation Works services the residential and light commercial end markets in Arkansas and the surrounding states, and agricultural buildings nationally. Insulation Works has three locations across Arkansas and generates approximately $28 million in annual revenue. The transaction is expected to close in May. Robert Buck, President and CEO of TopBuild, said, “The addition...

Microchip Technology Announces Financial Results For Fourth Quarter and Fiscal Year 2024

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

For the quarter ended March 31, 2024 Net sales of $1.326 billion, down 24.9% sequentially and down 40.6% from the year ago quarter. Our guidance provided on February 1, 2024 was for net sales to be down 25% sequentially. On a GAAP basis: gross profit of 59.6%; operating income of $253.5 million and 19.1% of net sales; net income of $154.7 million; and EPS of $0.28 per diluted share. Our guidance provided on February 1, 2024 was for GAAP EPS of $0.13 to $0.32 per diluted share. On a Non-GAAP basis: gross profit of 60.3%; operating income of $436.0 million and 32.9% of net sales; net income of $310.3 million and EPS of $0.57 per diluted share. Our guidance provided on February 1, 2024 was for Non-GAAP EPS of $0.46 to $0.68 per diluted share. Returned a record $629.9 million to shareholders in the March quarter through dividends of $242.5...

Microchip Technology Increases Quarterly Cash Dividend 18.0% Year-Over-Year to 45.2 Cents Per Share

Written by Customer Service on May 6, 2024. Posted in Dividend Reports And Estimates.

CHANDLER, Ariz., May 06, 2024 (GLOBE NEWSWIRE) — (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that its Board of Directors declared a quarterly cash dividend on its common stock of 45.2 cents per share. The dividend is payable on June 5, 2024, to stockholders of record on May 22, 2024. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 81 times since its inception. “Microchip’s financial performance in the March 2024 quarter met our expectations as customers continued to carefully manage their inventory levels in response to evolving demand dynamics,” said Steve Sanghi, Executive Chair. “Today, our Board of Directors approved a year-over-year increase in our...

J&J Snack Foods Reports Record Fiscal Second Quarter Revenue of $359.7 Million

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

Net Earnings of $13.3 Million, EPS of $0.69 and Adjusted EPS of $0.84Increased Over 90% Versus Prior Year MOUNT LAUREL, N.J., May 06, 2024 (GLOBE NEWSWIRE) — J&J Snack Foods Corp. (NASDAQ: JJSF) (the “Company”) today reported financial results for the second quarter ended March 30, 2024. Second Quarter Actuals $ vs. LY % vs. LY Net Sales $359.7M $21.9M 6.5% Operating Income $17.9M $7.7M 75.6% Net Earnings $13.3M $6.5M 94.0% Earnings per Diluted Share $0.69 $0.33 91.7% Adjusted Operating Income $21.8M $9.8M 81.0% Adjusted EBITDA $39.3M $11.9M 43.1% Adjusted Earnings per Diluted Share $0.84 $0.41 95.3% This press release contains non-GAAP financial measures. Please refer to the Non-GAAP Financial Measures section below for reconciliations to the most comparable GAAP measures. Dan Fachner,...

Koil Energy Solutions, Inc. Announces First Quarter 2024 Results

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

Revenues of $5.8 million increased 56% year-over-year Gross profit of $2.0 million increased 24% year-over-year Net income of $0.6 million increased $0.7 million year-over-year Adjusted EBITDA of $0.7 million increased $0.6 million year-over-year First delivery of our new 20,000 psi multi-quick-connect plate for application in deepwater Gulf of Mexico HOUSTON, May 06, 2024 (GLOBE NEWSWIRE) — Koil Energy Solutions, Inc. (OTCQB: KLNG) (“KOIL”, or the “Company”), a specialist in deepwater production and distribution equipment and services, today reported results for the quarter ended March 31, 2024. KOIL at a Glance: Share Price†: $0.49 Cash*: $2.0M 52-Week Range†: $0.42 – $0.69 Book Value*: $6.2M Shares Out.†: 12.0M Price / Book Value: 0.9x Market Cap†: $5.9M TTM Revenue: $17.4M *As of 03/31/24; †As of 05/03/24 “The...

Day: May 6, 2024

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