Month: May 2024

KRONOS WORLDWIDE, INC. REPORTS FIRST QUARTER 2024 RESULTS

Written by Customer Service on May 8, 2024. Posted in Earnings Releases And Operating Results.

Dallas, Texas, May 08, 2024 (GLOBE NEWSWIRE) — Kronos Worldwide, Inc. (NYSE:KRO) today reported net income of $8.1 million, or $.07 per share, in the first quarter of 2024 compared to a net loss of $15.2 million, or $.13 per share, in the first quarter of 2023. Net income increased in the first quarter of 2024 as compared to the first quarter of 2023 primarily due to higher income from operations as a result of the net effect of higher sales and production volumes, lower average TiO2 selling prices and lower production costs (primarily energy and raw material costs). Comparability of our results was also impacted by the effects of changes in currency exchange rates. Net sales of $478.8 million in the first quarter of 2024 were $52.5 million, or 12%, higher than in the first quarter of 2023. Net sales increased in the first quarter...

The Honest Company Reports First Quarter 2024 Results

Written by Customer Service on May 8, 2024. Posted in Earnings Releases And Operating Results.

Transformation Pillars Continue to Drive Revenue Growth and Profitability ImprovementAchieved 37% Gross Margin, Significant Expansion of 1,275 Basis Points Year-Over-YearReaffirms Full Year 2024 Financial Outlook LOS ANGELES, May 08, 2024 (GLOBE NEWSWIRE) — The Honest Company (NASDAQ: HNST), a personal care company dedicated to creating clean- and sustainably-designed products, today reported financial results for the three months ended March 31, 2024. “Our first quarter results demonstrate our strong start to 2024. Our clear focus on profitability, delivering sales growth and achieving record gross margin of 37% as a public company is attributable to continued execution of our Transformation Pillars of Brand Maximization, Margin Enhancement and Operating Discipline,” said Chief Executive Officer, Carla Vernón. “These Pillars are...

FreightCar America, Inc. Reports First Quarter 2024 Results

Written by Customer Service on May 8, 2024. Posted in Earnings Releases And Operating Results.

Company delivers 99% year-over-year revenue growth and record quarterly deliveries for new plant Reaffirms revenue, Adjusted EBITDA, and delivery outlook for 2024 CHICAGO, May 08, 2024 (GLOBE NEWSWIRE) — FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a diversified manufacturer of railroad freight cars, today reported results for the first quarter ended March 31, 2024. First Quarter 2024 HighlightsRevenues of $161.1 million on 1,223 railcar deliveries, an increase of 99% compared to revenues of $81.0 million on 738 railcar deliveries in the first quarter of 2023 Gross margin of 7.1% with gross profit of $11.4 million, compared to gross margin of 9.2% with gross profit of $7.5 million in the first quarter of 2023 Net loss of ($11.6) million, or ($0.54) per share and Adjusted net income of $4.9...

HCI Group Reports First Quarter 2024 Results

Written by Customer Service on May 8, 2024. Posted in Earnings Releases And Operating Results.

First Quarter Pre-Tax Income of $77.4 millionFirst Quarter Diluted EPS of $3.81First Quarter Gross Loss Ratio of 31.1% TAMPA, Fla., May 08, 2024 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, reported pre-tax income of $77.4 million and net income of $57.0 million, or $3.81 diluted earnings per share, in the first quarter of 2024, compared with net income of $17.8 million, or $1.54 diluted earnings per share, in the first quarter of 2023. Adjusted net income (a non-GAAP measure which excludes net unrealized gains or losses on equity securities) for the first quarter of 2024 was $55.0 million, or $3.65 diluted earnings per share compared with adjusted net income of $17.4 million, or $1.50 diluted earnings per...

Greenlight Re Announces First Quarter 2024 Financial Results

Written by Customer Service on May 8, 2024. Posted in Earnings Releases And Operating Results.

Strong Premium Growth of 16.5%, Leading to Net income of $27.0 million GRAND CAYMAN, Cayman Islands, May 08, 2024 (GLOBE NEWSWIRE) — Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today reported its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights (all comparisons are to first quarter 2023 unless noted otherwise):Gross premiums written increased 16.5% to $217.3 million; Net premiums earned increased 13.2% to $161.5 million; Underwriting income of $3.4 million, compared to $0.4 million; Net income of $27.0 million, or $0.78 per diluted ordinary share, compared to $5.9 million, or $0.17 per diluted ordinary share; Combined ratio of 98.0%, compared to 99.8%; Total investment income of $26.4 million, compared to $5.2 million; and Fully diluted book value per...

SiTime Reports First Quarter 2024 Financial Results

Written by Customer Service on May 8, 2024. Posted in Earnings Releases And Operating Results.

SANTA CLARA, Calif., May 08, 2024 (GLOBE NEWSWIRE) — SiTime Corporation, (Nasdaq: SITM), the Precision Timing company, today announced financial results for the first quarter ended March 31, 2024. Net revenue in the first quarter of 2024 was $33.0 million, a 22% decrease from $42.4 million in the prior quarter. “SiTime is a leading provider of precision timing chips in electronics markets such as datacenter, AI and industrial,” said Rajesh Vashist, CEO and chairman of SiTime. “Our investments to expand our product portfolio, including our latest Chorus clock generators, have positioned us well for sustained growth in Q2 and beyond.” In the first quarter of 2024, GAAP gross margins were $17.7 million, or 53.5% of revenue, GAAP operating expenses were $52.7 million, GAAP loss from operations was $35.0 million, and GAAP net loss was...

Hovnanian Enterprises Announces Second Quarter Fiscal 2024 Earnings Release and Conference Call

Written by Customer Service on May 8, 2024. Posted in Public Companies.

MATAWAN, N.J., May 08, 2024 (GLOBE NEWSWIRE) — Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the second quarter ended April 30, 2024, the morning of Wednesday, May 22, 2024. The Company will webcast its second quarter earnings conference call at 11:00 a.m. (ET) on Wednesday, May 22, 2024. The conference call and accompanying slide presentation will be webcast live through the “Investor Relations” section of Hovnanian Enterprises’ website at http://www.khov.com. It is suggested that participants access the webcast event page at least five minutes before the live event. For those who are not available to listen to the live webcast, an archive of the broadcast will be available under the “Past Events” section of the “Investor Relations” page on the Hovnanian website at...

Cumulus Media Welcomes The Candy Valentino Show to the Cumulus Podcast Network

Written by Customer Service on May 8, 2024. Posted in Public Companies.

NEW YORK, May 08, 2024 (GLOBE NEWSWIRE) — Cumulus Media (NASDAQ: CMLS) today announced The Candy Valentino Show has joined the Cumulus Podcast Network. Entrepreneur and bestselling author Candy Valentino talks with some of the world’s most successful minds, including Tony Robbins, Daymond John, Ed Mylett, and Heidi Zak, while offering valuable insights drawn directly from her 26 years of expertise launching and selling her own businesses. She discusses wealth habits, business models, profit plans, real estate investing, and much more to help listeners achieve security and wealth. A new episode of The Candy Valentino Show drops each Monday and Thursday. The podcast is available on Apple Podcasts, Spotify, YouTube, Stitcher, TuneIn, Pocket Casts, and Google Podcasts, among other platforms. The Cumulus Podcast Network will distribute,...

Innovative Food Holdings, Inc. Announces Q1 2024 Earnings Call, 2024 Annual Meeting, and CEO Letter to Shareholders

Written by Customer Service on May 8, 2024. Posted in Public Companies.

BONITA SPRINGS, Fla., May 08, 2024 (GLOBE NEWSWIRE) — Innovative Food Holdings, Inc. (OTCQB: IVFH) (“IVFH” or the “Company”), a national seller of gourmet specialty foods to professional chefs, today: 1) announced the timing for a call with investors to discuss Q1 2024 financial results, 2) announced the timing for the Company’s 2024 annual meeting of shareholders, and 3) shared a letter from the Chief Executive Officer to the Company’s shareholders. Earnings Call The Company’s management will be holding an investor call on May 14, 2024 at 4:30 pm Eastern Time to discuss the Company’s first fiscal quarter results for the quarter ended March 31, 2024. At the end of the meeting, the Company will host a question-and-answer session with investors. All interested participants may attend the call on the web or by phone. The Company...

SalMar – Invitation to presentation of the first quarter 2024 results

Written by Customer Service on May 8, 2024. Posted in Public Companies.

SalMar presents results for the first quarter 2024 on Tuesday 14 May 2024 at 08:00 CEST. The presentation will be held at Hotel Continental in Stortingsgaten 24/26 in Oslo. CEO Frode Arntsen and CFO Ulrik Steinvik will be representing the company. The presentation will in addition be available on Norwegian webcast at 08:00 CEST on www.salmar.no. There will be opportunity to send in questions during the Norwegian presentation. An English webcast (recording) will be available from 10:00 CEST on www.salmar.no. After the presentation two group conferences will be arranged, one physical presentation in Norwegian at 12:00 CEST and one digital presentation in English at 15:30 CEST. For registration please register to Arctic Securities, https://forms.office.com/e/TaJu8MbQkN. The results will be available from 06:30 CEST at the company’s...

Month: May 2024

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