Month: May 2024

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 One Reports First Quarter 2024 Financial Results and Corporate Progress

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

OJEMDA™ (tovorafenib) launch underway following U.S. FDA accelerated approval for relapsed or refractory BRAF-altered Pediatric Low-Grade Glioma (pLGG) First prescriptions received in the U.S. BRISBANE, Calif., May 06, 2024 (GLOBE NEWSWIRE) — Day One Biopharmaceuticals (Nasdaq: DAWN) (“Day One” or the “Company”), a commercial-stage biopharmaceutical company dedicated to developing and commercializing targeted therapies for people of all ages with life-threatening diseases, today announced its first quarter 2024 financial results and highlighted recent corporate achievements. “We are excited that OJEMDA is now approved and available here in the U.S., and we are grateful to the members of the pediatric brain tumor community whose support of the program has been invaluable,” said Jeremy Bender, Ph.D., chief executive officer...

Bomboré Hard Rock Expansion Update and Three-Year Production Forecast

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

VANCOUVER, British Columbia, May 06, 2024 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to provide an update on its Phase II hard rock expansion and a three-year production forecast for its Bomboré Gold Mine located in central Burkina Faso. The Company originally contemplated constructing an independent 4.4 million tonnes per annum (“Mtpa”) hard rock plant in a single stage as outlined in its 2023 feasibility study. Following a recent review of available financing sources, the Company has decided to complete this brownfield expansion in two stages to better manage its capital requirements. Stage 1 will consist of an initial 2.5Mtpa hard rock plant, with a subsequent Stage 2 expansion increasing the hard rock throughput to 5.0-7.0Mtpa. The existing Phase I oxide plant...

EUDA Health Expands into Direct Selling Holistic Wellness Products with Acquisition of CK Health

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

SINGAPORE, May 06, 2024 (GLOBE NEWSWIRE) — EUDA Health Holdings Limited (“EUDA” or the “Company”) (NASDAQ: EUDA), a Singapore-based health technology company that operates a first-of-its-kind Southeast Asian digital healthcare ecosystem, today announced that it will acquire CK Health Plus Sdn Bhd (“CK Health”), a direct seller of holistic wellness consumer products in Malaysia. Under the terms of the acquisition agreement, EUDA has agreed to acquire the entire issued capital of CK Health for an aggregate share consideration of 10 million newly issued ordinary shares of the Company, valued at US$15 million. The acquisition is expected to close on 8th May 2024, subject to customary closing conditions. Established in Malaysia in 2023, CK Health is a direct seller of holistic wellness consumer products through its online platform...

BellRing Brands Reports Results for the Second Quarter of Fiscal Year 2024; Raises Fiscal Year 2024 Outlook

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

ST. LOUIS, May 06, 2024 (GLOBE NEWSWIRE) — BellRing Brands, Inc. (NYSE:BRBR) (“BellRing”), a holding company operating in the global convenient nutrition category, today reported results for the second fiscal quarter ended March 31, 2024. Highlights:Second quarter net sales of $494.6 million Operating profit of $91.0 million, net earnings of $57.2 million and Adjusted EBITDA* of $103.7 million Raised fiscal year 2024 net sales outlook to $1.93-$1.99 billion and Adjusted EBITDA* outlook to $400-$420 million*Adjusted EBITDA is a non-GAAP measure. For additional information regarding non-GAAP measures, see the related explanations presented under “Use of Non-GAAP Measures” later in this release. BellRing provides Adjusted EBITDA guidance only on a non-GAAP basis and does not provide a reconciliation of its forward-looking Adjusted...

Viemed Healthcare Announces First Quarter 2024 Financial Results

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

LAFAYETTE, La., May 06, 2024 (GLOBE NEWSWIRE) — Viemed Healthcare, Inc. (the “Company” or “Viemed”) (NASDAQ:VMD), a national leader in respiratory care and technology-enabled home medical equipment services, announced today that it has reported its financial results for the three months ended March 31, 2024. Operational highlights (all dollar amounts are USD):Net revenues for the quarter ended March 31, 2024 were $50.6 million, representing an increase of $11.0 million, or 28%, over net revenues reported for the comparable quarter ended March 31, 2023.Net income for the quarter ended March 31, 2024 totaled $1.6 million. Adjusted EBITDA for the quarter ended March 31, 2024 totaled $10.1 million, a 21% increase as compared to the quarter ended March 31, 2023. A reconciliation of reported non-GAAP financial measures to their...

Alico, Inc. Announces Financial Results for the Second Quarter and Six Months Ended March 31, 2024

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

FORT MYERS, Fla., May 06, 2024 (GLOBE NEWSWIRE) — Alico, Inc. (“Alico”, the “Company”, “we”, or “our”) (Nasdaq: ALCO) today announces financial results for the second quarter of fiscal year 2024 and the six months ended March 31, 2024, the highlights of which are as follows:Revenues of $32.1 million for the six months ended March 31, 2024 were relatively flat as compared to $31.9 million in the six months ended March 31, 2023. Net income attributable to Alico, Inc. common stockholders of $27.1 million and EBITDA of $47.3 million for the six months ended March 31, 2024. After adjusting for certain items, the Company reports Adjusted EBITDA of $(1.0) million for the six months ended March 31, 2024. Lower than anticipated box production for the Valencia Harvest, as the Company continues to recover from the effects of Hurricane Ian,...

NN, Inc. Reports First Quarter 2024 Results

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

Business transformation continues to drive improved profitability and new business wins CHARLOTTE, N.C., May 06, 2024 (GLOBE NEWSWIRE) — NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today reported its financial results for the first quarter ended March 31, 2024. HighlightsStrategic transformation program drove another quarter of improved results, 3rd quarter in a row; First quarter net sales of $121.2 million, down 4.6% versus prior year, driven largely by rationalized volume; First quarter operating loss of $4.8 million, an improvement of $2.3 million versus prior year; First quarter adjusted EBITDA of $11.3 million, an improvement of 38.9% versus prior year; First quarter free cash flow of $0.3 million, an improvement of $4.0 million...

Month: May 2024

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