Day: May 6, 2024

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...

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...

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...

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,...

For the quarter ended March 31, 2024Net 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...

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 QuarterActuals $ vs. LY % vs. LYNet 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,...

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 MexicoHOUSTON, 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*: $2.0M52-Week Range†: $0.42 – $0.69 Book Value*: $6.2MShares Out.†: 12.0M Price / Book Value: 0.9xMarket Cap†: $5.9M TTM Revenue: $17.4M*As of 03/31/24; †As of 05/03/24      “The...