Month: May 2024

MONTREAL, May 08, 2024 (GLOBE NEWSWIRE) — Supremex Inc. (“Supremex” or the “Company”) (TSX: SXP), a leading North American manufacturer and marketer of envelopes and a growing provider of paper-based packaging solutions, today announced its results for the first quarter ended March 31, 2024. The Company will hold a conference call to discuss these results tomorrow at 8:30 a.m. (Eastern Time). First Quarter Financial Highlights and Recent EventsTotal revenue of $73.3 million, down from $88.4 million in the first quarter of 2023, but up sequentially from $72.3 million in the fourth quarter of 2023. Envelope segment revenue of $53.4 million, versus $64.5 million a year ago and $50.6 million three months ago. Packaging and Specialty Products segment revenue of $19.8 million, versus $24.0 million last year and $21.7 million in the...

VANCOUVER, British Columbia, May 08, 2024 (GLOBE NEWSWIRE) — Swiss Water Decaffeinated Coffee Inc. (TSX: SWP) (“Swiss Water” or “the Company”), a leading specialty coffee company and premium green coffee decaffeinator, today reported financial results for the three months ended March 31, 2024. First Quarter Financial and Operational HighlightsSince completing the commissioning process during the third quarter of last year, the Company has been decaffeinating commercial grade coffee on its new second production line in Delta. During the first quarter of this year, processing volumes and quality metrics on the new line continued to increase, enabling the delivery of forecasted volumes. Inventory levels fell during the first quarter of 2024 primarily due to the consumption of the last remaining coffee inventories Swiss Water had...

CALGARY, Alberta, May 08, 2024 (GLOBE NEWSWIRE) — DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”, “we”, “our”, “us” or “ours”) (TSX: DRT; OTC: DRTTF), a leader in industrialized construction, today announced its financial results for the three months ended March 31, 2024. All financial information in this news release is presented in U.S. dollars, unless otherwise stated. First Quarter 2024 HighlightsRevenue of $40.8 million in the first quarter of 2024, up 11% compared to the first quarter of 2023. Gross profit increased to $14.6 million or 35.9% of revenue in the first quarter of 2024 from $8.7 million or 23.7% of revenue in the first quarter of 2023. Net income after tax and net income margin for the first quarter of 2024 of $3.0 million and 7.5%, respectively, compared to a net loss after tax of $11.4 million...

Significant Expansion of Profitability and Earnings, Supported by All Three Operating Segments HIGHLIGHTSTOTAL REVENUES FOR THE FIRST QUARTER INCREASED BY 21.0% YEAR-OVER-YEAR, WITH GROWTH ACROSS ALL THREE OPERATING SEGMENTS RECORD QUARTERLY ELECTRICITY SEGMENT REVENUES OF $191.3 MILLION, LED BY STRATEGIC PORTFOLIO EXPANSIONS AND IMPROVED OPERATIONAL PERFORMANCE COMPANY REITERATES ITS FULL YEAR REVENUE AND EBITDA GUIDANCE, DEMONSTRATING STRONG EXECUTION AND CONFIDENCE IN THE BUSINESS’S OUTLOOKRENO, Nev., May 08, 2024 (GLOBE NEWSWIRE) — Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, today announced financial results for the first quarter ended March 31, 2024. KEY FINANCIAL RESULTS(Dollars in millions, except per share) Q1 2024 Q1 2023 Change (%)GAAP Measures      Revenues ($...

LAVAL, Québec, May 08, 2024 (GLOBE NEWSWIRE) — Savaria Corporation (“Savaria”) (TSX: SIS), one of the global leaders in the accessibility industry, is pleased to announce its results for the first quarter of 2024. Highlights – Q1 2024 compared to Q1 2023Revenue was $209.4M, compared to $211.6M in 2023, a decrease of 1.0% due to the divestitures of Van-Action, Freedom Motors and the Norway operations, partially offset by organic growth of 2.6% and a positive foreign exchange impact of 0.7%.Accessibility organic growth stood at 3.3%, including growth of 11.0% coming from North America. Patient Care organic growth stood at 0.5%.Gross profit was $75.4M, up $3.4M or 4.7%, representing 36.0% of revenue, an increase of 200 bps compared to 34.0% in Q1 2023. Operating income was $17.7M, up $2.3M or 14.6%, representing 8.5% of revenue...

EL SEGUNDO, Calif., May 08, 2024 (GLOBE NEWSWIRE) — Beyond Meat, Inc. (NASDAQ: BYND) (“Beyond Meat” or “the Company”), a leader in plant-based meat, today reported financial results for its first quarter ended March 30, 2024. First Quarter 2024 Financial Highlights1Net revenues were $75.6 million, a decrease of 18.0% year-over-year. Gross profit was $3.7 million, or gross margin of 4.9%, compared to gross profit of $6.2 million, or gross margin of 6.7%, in the year-ago period. Loss from operations was $53.5 million, or operating margin of -70.7%, compared to loss from operations of $57.7 million, or operating margin of -62.6%, in the year-ago period.Adjusted loss from operations was $46.0 million, or adjusted operating margin of -60.8%, reflecting the exclusion of a $7.5 million accrual related to a consumer class action settlement.Net...

Company sets quarterly total and oil production records with capital investments below expectations TULSA, OK, May 08, 2024 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) today reported first-quarter 2024 financial and operating results. Supplemental slides have been posted to the Company’s website and can be found at www.vitalenergy.com. A conference call and webcast is planned for 7:30 a.m. CT, Thursday, May 9, 2024. Participation details can be found within this release. First-Quarter 2024 HighlightsExecution of business plan and successful integration of acquired properties drove record production and higher-than-expected cash flows Reported 1Q-24 net loss of $66.1 million, Adjusted Net Income1 of $68.1 million and cash flows from operating activities of...

TORONTO, May 08, 2024 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today strong operating and financial results for the three months ended March 31, 2024. Management will host a conference call to discuss the financial results on Thursday, May 9, 2024 at 9:00 a.m. ET. HIGHLIGHTSAs at March 31, 2024   December 31, 2023   March 31, 2023  Total Portfolio Performance and Other Measures      Number of suites and sites(1)   64,151     64,260     65,527  Investment properties fair value(2) (000s) $ 16,695,616   $ 16,532,096   $ 17,121,228  Occupied AMR(1)(3)      Canadian Residential Portfolio(4) $ 1,552   $ 1,516   $ 1,428  The Netherlands Portfolio € 1,068   €         1,063   €         1,002  Occupancy(1)      Canadian Residential...

TORONTO, May 08, 2024 (GLOBE NEWSWIRE) — Firm Capital Mortgage Investment Corporation (the “Corporation”) (TSX FC, FC.DB,H, FC.DB.I, FC.DB.J ,FC.DB. K and FC.DB.L) released its financial statements for the three months ended March 31, 2024. NET INCOMEFor the three months ended March 31, 2024, net income decreased by 1.6% to $8,569,784 as compared to $8,711,896 reported for the same period in 2023. The decrease is primarily a result of a lower average interest rate on the Corporation’s Investment Portfolio (March 31, 2024 – 10.89% vs March 31, 2023 – 11.15%). EARNINGS PER SHAREBasic weighted average profit per share for the three months ended March 31, 2024, was $0.248, as compared to the $0.253 per share reported for the three months ended March 31, 2023. PORTFOLIOThe Corporation’s Investment Portfolio increased by $15.1 million...