Day: July 25, 2024

Phillips Edison & Company Reports Second Quarter 2024 Results and Reaffirms Full Year Earnings Guidance

Written by Customer Service on July 25, 2024. Posted in Earnings Releases And Operating Results.

CINCINNATI, July 25, 2024 (GLOBE NEWSWIRE) — Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of grocery-anchored neighborhood shopping centers, today reported financial and operating results for the period ended June 30, 2024 and reaffirmed full year 2024 earnings guidance. For the three and six months ended June 30, 2024, net income attributable to stockholders was $15.3 million, or $0.12 per diluted share, and $32.9 million, or $0.27 per diluted share, respectively. Highlights for the Second Quarter Ended June 30, 2024Reported Nareit FFO of $78.4 million, or $0.57 per diluted share Reported Core FFO of $80.0 million, or $0.59 per diluted share Reaffirmed 2024 Nareit FFO and Core FFO guidance ranges of $2.34 to $2.41 per diluted share and $2.37 to...

MidWestOne Financial Group, Inc. Reports Financial Results for the Second Quarter of 2024

Written by Customer Service on July 25, 2024. Posted in Earnings Releases And Operating Results.

IOWA CITY, Iowa, July 25, 2024 (GLOBE NEWSWIRE) — MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“we”, “our”, or the “Company”) today reported results for the second quarter of 2024. Second Quarter 2024 Summary1Completed sale of our Florida banking operations for a 7.5% deposit premium.Included in the sale were $133.3 million of deposits and $163.6 million of loans.Net income of $15.8 million, or $1.00 per diluted common share.Revenue of $57.9 million, which included gain on sale of $11.1 million and a positive MSR valuation adjustment of $129 thousand. Noninterest expense of $35.8 million, which included merger-related costs of $854 thousand.Net interest margin (tax equivalent) expanded 8 bps to 2.41%2. Classified loans declined 9%; net charge-off ratio was 0.05%. Tangible book value per share of $28.272,...

Ocean Power Technologies, Inc. Announces Fourth Quarter and Full Year Fiscal 2024 Results

Written by Customer Service on July 25, 2024. Posted in Earnings Releases And Operating Results.

Significant Improvement in Revenue and Gross Margin MONROE TOWNSHIP, N.J., July 25, 2024 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NYSE American: OPTT), today announced financial results for its fiscal fourth quarter (“4Q24”) and full-year ended April 30, 2024 (“FY24”). Highlights include: 4Q24 and RECENT HIGHLIGHTSBacklog at April 30, 2024 is $4.9 million, a 25% increase over the prior year. Pipeline at April 30, 2024 stood at $71.6 million In July 2024 we announced a contract for immediate delivery of a PowerBuoy equipped with Merrows, our Artificial Intelligence capable Maritime Domain Awareness Solution, in the Midde East. This order follows our previous announcement of the customer’s selection of OPT as a preferred supplier for Merrows equipped buoys in the region....

FinWise Bancorp Reports Second Quarter 2024 Results

Written by Customer Service on July 25, 2024. Posted in Earnings Releases And Operating Results.

– Net Income of $3.2 Million for Second Quarter of 2024 – – Diluted Earnings Per Share of $0.24 for Second Quarter of 2024 – MURRAY, Utah, July 25, 2024 (GLOBE NEWSWIRE) — FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced results for the quarter ended June 30, 2024. Second Quarter 2024 HighlightsLoan originations were $1.2 billion, compared to $1.1 billion for the quarter ended March 31, 2024, and $1.2 billion for the second quarter of the prior year Net interest income was $14.6 million, compared to $14.0 million for the quarter ended March 31, 2024, and $13.7 million for the second quarter of the prior year Net Income was $3.2 million, compared to $3.3 million for the quarter ended March 31, 2024, and $4.6 million for the second...

Boston Beer Reports Second Quarter Financial Results

Written by Customer Service on July 25, 2024. Posted in Earnings Releases And Operating Results.

BOSTON, July 25, 2024 (GLOBE NEWSWIRE) — The Boston Beer Company, Inc. (NYSE: SAM), today reported financial results for the second quarter ended June 29, 2024. Key results were: Second Quarter 2024 Summary:Depletions decreased 4% and shipments decreased 6.4% Net revenue of $579.1 million decreased 4.0% Gross margin of 46.0% up 60 basis points year over year Net income of $52.3 million, a decrease of $5.7 million or 9.8% Diluted income per share of $4.39Year-to-date 2024 Summary:Depletions decreased 2% and shipments decreased 3.4% Net revenue of $1.005 billion decreased 0.8% Gross margin of 45.0% up 260 basis points year over year Net income of $64.9 million, an increase of $15.9 million or 32.3% Diluted income per share of $5.41Capital StructureEnded the first quarter with $219.3 million in cash and no debt Repurchased...

The Ensign Group Reports Second Quarter 2024 Results; Raises Annual Earnings and Revenue Guidance

Written by Customer Service on July 25, 2024. Posted in Earnings Releases And Operating Results.

Conference Call and Webcast scheduled for tomorrow, July 26, 2024 at 10:00 am PT SAN JUAN CAPISTRANO, Calif., July 25, 2024 (GLOBE NEWSWIRE) — The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign(TM) group of companies, which provide post-acute healthcare services and invest in the long-term healthcare industry, primarily in skilled nursing and senior living facilities, announced operating results for the second quarter of 2024, reporting GAAP diluted earnings per share of $1.22 and adjusted earnings per share(1) of $1.32, both for the quarter ended June 30, 2024. Highlights Include:GAAP net income was $71.0 million, an increase of 11.0% over the prior year quarter. Adjusted net income(1) was $76.4 million for the quarter, an increase of 15.3%, over the prior year quarter.GAAP diluted earnings per share...

Osino Provides Update on Shanjin (Formerly Yintai) Transaction

Written by Customer Service on July 25, 2024. Posted in Mergers And Acquisitions.

VANCOUVER, British Columbia, July 25, 2024 (GLOBE NEWSWIRE) — Osino Resources Corp. (TSX:OSI.V) (NSX:OSN) (FSE:RSR1) (OTCQX:OSIIF) (“Osino” or the “Company“) is pleased to provide an update on the expected conclusion of the regulatory process for the previously announced plan of arrangement. Communications between Osino and the Namibian Competition Commission (“NCC“) continue to progress positively as the NCC considers the application of the previously announced statutory plan of arrangement under the Business Corporations Act (British Columbia), pursuant to which Shanjin International Gold Co., Ltd. (formerly known as Yintai Gold Co., Ltd.) (“Shanjin“) will acquire all of the outstanding common shares of Osino for cash consideration of C$1.90 for each Osino Share (the “Arrangement“). After...

Inventiva secures a new patent in Japan, expanding the IP protection of its lead product candidate lanifibranor

Written by Customer Service on July 25, 2024. Posted in Public Companies.

Japanese Patent Office approved Inventiva’s patent application relating to the use of lanifibranor for the treatment of cirrhosis.1 This patent strengthens Inventiva’s intellectual property with respect to lanifibranor in Japan for the indication cirrhosis, including cirrhosis due to MASH/NASH.Daix (France), Long Island City (New York, United States), July 25, 2024 – Inventiva (Euronext Paris and Nasdaq: IVA) (“Inventiva” or the “Company”), a clinical-stage biopharmaceutical company focused on the development of oral small molecule therapies for the treatment of patients with metabolic dysfunction-associated steatohepatitis (“MASH”), also known as non-alcoholic steatohepatitis (“NASH”), and other diseases with significant unmet medical needs, today announced that the Japan Patent Office (“JPO”) has approved Inventiva’s patent application...

The Honest Company to Report Second Quarter Financial Results on August 8, 2024

Written by Customer Service on July 25, 2024. Posted in Public Companies.

LOS ANGELES, July 25, 2024 (GLOBE NEWSWIRE) — The Honest Company (NASDAQ: HNST), a personal care company dedicated to creating clean- and sustainably-designed products, today announced that it will report second quarter 2024 financial results after the market closes on Thursday, August 8, 2024. The Company will host an investor conference call and webcast to review second quarter 2024 financial results at 1:30pm PT/4:30pm ET on the same day. The live webcast can be accessed at https://investors.honest.com or https://edge.media-server.com/mmc/p/z8bqvihd. For those interested in participating in the conference call by phone, please go to this link: https://register.vevent.com/register/BIc70caf9a8613457c891252c4e4a84653 and you will be provided with dial-in details directly to your registered email. To avoid delays, we encourage...

Nokia Corporation: Repurchase of own shares on 25.07.2024

Written by Customer Service on July 25, 2024. Posted in Public Companies.

Nokia CorporationStock Exchange Release25 July 2024 at 22:30 EET Nokia Corporation: Repurchase of own shares on 25.07.2024 Espoo, Finland – On 25 July 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*XHEL 1,856,631 3.47CEUX 800,000 3.45BATE – –AQEU 82,962 3.42TQEX 150,000 3.43Total 2,889,593 3.46* Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program started on 20 March 2024. On 19 July 2024, Nokia decided to accelerate the share buybacks by increasing the...

Day: July 25, 2024

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