Month: May 2024

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 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,...

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 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...

Coca-Cola Consolidated Reports First Quarter 2024 Results and Announces the Intention to Repurchase Up to $3.1 Billion of its Common Stock

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

Income from operations for the first quarter of 2024 was $215 million, up $9 million, or 5%, versus the first quarter of 2023. Operating margin for the first quarter of 2024 was 13.5% as compared to 13.1% for the first quarter of 2023, an increase of 40 basis points. The Company intends to purchase up to $3.1 billion of its Common Stock through both a modified “Dutch auction” tender offer for up to $2.0 billion of its Common Stock and a separate share purchase agreement with The Coca‑Cola Company.Key Results First Quarter (in millions) 2024 2023 ChangeStandard physical case volume 82.1 82.5 (0.4)%Comparable standard physical case volume(1) 82.1 81.5 0.7%Net sales $ 1,591.6 $ 1,571.6 1.3%Gross profit $ 640.6 $ 624.1 2.6%Gross margin 40.2 % 39.7 % Income...

SI-BONE, Inc. Reports Financial Results for the First Quarter 2024

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

Annual guidance increased to $164 million – $166 million, implying annual growth of ~18% – 20% SANTA CLARA, Calif., May 06, 2024 (GLOBE NEWSWIRE) — SI-BONE, Inc. (Nasdaq:SIBN), a medical device company dedicated to solving musculoskeletal disorders of the sacropelvic anatomy, today reported financial results for the quarter ended March 31, 2024. First Quarter 2024 Financial Highlights (all comparisons are to the prior year period)Worldwide revenue of $37.9 million, representing growth of ~16% U.S. revenue of $35.4 million, representing growth of ~16% Gross margin of ~79% Over 1,100 U.S. active physicians, representing an increase of ~16% Strong liquidity with $157.8 million in cash and equivalentsRecent Operational HighlightsCompleted the first pelvic fixation procedure with smaller diameter iFuse Bedrock Granite...

New Providence Acquisition Corp. II Announces Entry into Non-Binding Letter of Intent For a Potential Business Combination

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

AUSTIN, Texas, , May 06, 2024 (GLOBE NEWSWIRE) — New Providence Acquisition Corp. II (Nasdaq: NPABU) announced today that on May 5, 2024 New Providence Acquisition Corp. II (“NPA”) entered into a non‑binding letter of intent for a potential business combination with a company in the consumer sector. No assurance can be made that NPA will successfully negotiate and enter into a definitive agreement for a business combination or that NPA will be successful in completing a business combination. About New Providence Acquisition Corp. II NPA is a blank check company incorporated in Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Contact Please send inquiries to info@npa-corp.com. Forward-Looking Statements This...

Adeia Announces First Quarter 2024 Financial Results

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

Paid down $40 million of debt in the first quarter and nearly $200 million since separation Generated over $67 million in cash from operations in the first quarter SAN JOSE, Calif., May 06, 2024 (GLOBE NEWSWIRE) — Adeia Inc. (Nasdaq: ADEA) (the “Company” or “Adeia”) today announced financial results for the first quarter ended March 31, 2024. “The results of our first quarter demonstrate the strength of our business model and continued execution as we generated over $67 million in cash from operations,” said Paul E. Davis, chief executive officer of Adeia. “Our first quarter was very active as we closed deals with ten customers across a diverse mix of end markets and geographies. We further expanded our patent portfolios both through strategic acquisitions and R&D investments focused on emerging trends such as generative...

ThredUp Announces First Quarter 2024 Results

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

First quarter revenue of $79.6 million, representing an increase of 5% year-over-year. First quarter gross margin of 69.5% and an increase in gross profit of 8% year-over-year. Active Buyers of 1.7 million and Orders of 1.7 million in Q1 2024, representing an increase of 4% and an increase of 9%, respectively, year-over-year. Issued an updated 2024 financial outlook, including positive adjusted EBITDA margin in the range of 2.0% to 4.0% and positive free cash flow on an annual basis.OAKLAND, Calif., May 06, 2024 (GLOBE NEWSWIRE) — ThredUp Inc. (Nasdaq: TDUP, LTSE: TDUP), one of the largest online resale platforms for apparel, shoes, and accessories, announced today its financial results for the first quarter ended March 31, 2024 and updated full year 2024 financial outlook. “We delivered another quarter of strong financial performance,...

Alto Ingredients, Inc. Reports First Quarter 2024 Results

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

– Improved Q1 2024 Gross Profit by $0.8 Million, Net Loss by $1.4 Million and Adjusted EBITDA by $3.4 Million over Q1 2023 – PEKIN, Ill., May 06, 2024 (GLOBE NEWSWIRE) — Alto Ingredients, Inc. (NASDAQ: ALTO), a producer and distributor of renewable fuel and essential ingredients and the largest producer of specialty alcohols in the U.S., reported its financial results for the quarter ended March 31, 2024. For the first quarter of 2024, gross loss improved by $0.8 million, net loss improved by $1.4 million and Adjusted EBITDA improved by $3.4 million over the first quarter of 2023. Bryon McGregor, President and CEO of Alto Ingredients, said, “Our strategies to diversify revenue, improve capacity utilization rates, reduce costs and expand operating margins are coming to fruition. Our first quarter 2024 financial results benefited...

Saratoga Investment Corp. Announces Fiscal Year-End and Fourth 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) — Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company (“BDC”), today announced financial results for its 2024 fiscal year and fourth quarter, with Net Investment Income (“NII”) per share up 53% from last year and up 16% over last year’s fourth quarter, and adjusted NII per share up 44% from last year and down 4% from last year’s fourth quarter. The substantial year-over-year increase in NII reflects growth in Assets under Management (“AUM”), strong overall portfolio performance and margin improvement from year-over-year increased rates and spreads on Saratoga Investment’s largely floating rate assets, with costs of financing liabilities remaining largely fixed. Saratoga Investment’s annualized fourth quarter dividend of $0.73 per share...

Month: May 2024

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