Day: July 30, 2024

Clariant delivers strong underlying margin improvement in the second quarter and increases 2024 profitability outlook to ~ 16 % EBITDA margin

Written by Customer Service on . Posted in Public Companies.

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR SECOND QUARTER / FIRST HALF YEAR | 2024 Q2 2024 sales decreased by 3 % organically in local currencies1 to CHF 1.056 billion as growth in Care Chemicals and Adsorbents & Additives was offset by an expected decline in Catalysts Q2 2024 reported EBITDA margin decreased to 15.7 % compared to 16.1 % in Q2 2023, underlying improvement excluding prior year’s disposal gain of more than 500 basis points driven by positive operating leverage and reduced sunliquid® impact H1 2024 sales decreased by 5 % organically in local currencies1 to CHF 2.070 billion H1 2024 reported EBITDA margin improved to 16.4 % compared to 15.0 % in prior year H1 2024 Operating Cash Flow at CHF 112 million, compared to CHF 78 million in H1 2023; strong Free Cash Flow Conversion (LTM) of...

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FURTHER EXPANSION OF MARKET SHARE – SIKA POSTS RECORD RESULTS IN FIRST HALF OF THE YEAR

Written by Customer Service on . Posted in Public Companies.

Ad Hoc Announcement Pursuant to Article 53 of the SIX Exchange Regulation Listing Rules FURTHER EXPANSION OF MARKET SHARE – SIKA POSTS RECORD RESULTS IN FIRST HALF OF THE YEAR Sales of CHF 5,834.8 million (+9.2% in CHF) in first half of the year Sales increase by 12.8% in local currencies, negative foreign currency impact of –3.6% Material margin expands to 55.1% (first half of 2023: 52.7%) EBITDA margin jumps to 18.7% (first half of 2023: 16.5%) Operating profit before depreciation and amortization (EBITDA) of CHF 1,092.9 million (previous year: CHF 881.1 million) Successful integration of MBCC with raised synergy guidance for the year (CHF 100 – 120 million) Acquisition of Kwik Bond, USA New plants opened in Peru and China Global employee survey confirms high engagement rate of 86% SBTi validation for Sika’s net-zero targets Outlook...

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UPDATED – Sacks Parente Announces 1-For-10 Reverse Stock Split

Written by Customer Service on . Posted in Public Companies.

CAMARILLO, CA, July 29, 2024 (GLOBE NEWSWIRE) — Sacks Parente Golf Company, Inc. (Nasdaq: SPGC) (“SPG” or the “Company”), a technology forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other related accessories, announces that its board of directors has approved a 1-for-10 reverse stock split of the Company’s common stock. The reverse stock split will become effective on July 30, 2024 at 12:01 am, Eastern Time, (“Effective Time”) and the Company’s common stock is expected to begin trading on a reverse stock split-adjusted basis on The Nasdaq Capital Market (“Nasdaq”) on July 30, 2024 at market open under the existing ticker symbol, “SPGC.” The reverse stock split is intended to increase the price per share of the Company’s common stock to allow the Company to demonstrate...

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BHP and Lundin Mining to acquire Filo Corp. and form a 50/50 joint venture to progress the Filo del Sol and Josemaria projects

Written by Customer Service on . Posted in Mergers And Acquisitions.

TORONTO, July 29, 2024 (GLOBE NEWSWIRE) — BHP and Lundin Mining Corporation (Lundin Mining) have agreed to jointly acquire 100% of Filo Corp., a Toronto Stock Exchange (TSX) listed company, through a Canadian plan of arrangement (Filo Acquisition). Filo Corp. owns 100% of the Filo del Sol (FDS) copper project. BHP and Lundin Mining have also agreed to form a 50/50 joint venture to hold the FDS and Josemaria projects (Joint Venture) located in the Vicuña district of Argentina and Chile (together with the Filo Acquisition, the Proposed Transaction). Lundin Mining owns 100% of the Josemaria project. The Joint Venture will create a long-term partnership between BHP and Lundin Mining to jointly develop an emerging copper district with world-class potential. BHP’s total cash payment for the Proposed Transaction is expected to be approximately...

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Ero Copper Confirms Fatality in Non-Operational Area on Surface at the Caraíba Operations

Written by Customer Service on . Posted in Public Companies.

VANCOUVER, British Columbia, July 29, 2024 (GLOBE NEWSWIRE) — Ero Copper Corp. (TSX: ERO, NYSE: ERO) (“Ero” or the “Company”) is deeply saddened to confirm the tragic loss of a member of its team, who succumbed to injuries sustained in a light-duty truck accident at the Caraíba Operations. A second team member is in critical condition. Details surrounding the incident, which occurred in a non-operational area on surface, are still under investigation. In response to this tragedy, the Company immediately activated its emergency response and safety protocols which included suspending operations, notifying the relevant government authorities, and undertaking a full investigation. Operations at Caraíba are expected to resume tomorrow. “We are profoundly saddened by this tragic incident, and our sincerest thoughts are with...

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Better Choice Company Inc. Announces Pricing of Public Offering

Written by Customer Service on . Posted in Public Companies.

Tampa, Florida, July 29, 2024 (GLOBE NEWSWIRE) — Better Choice Company Inc. (NYSE American: BTTR) (the “Company” or (“Better Choice”), a pet health and wellness company, today announced the pricing of its underwritten public offering of an aggregate of 1,667,000 shares of its common stock (or pre-funded warrants (“Pre-Funded Warrants”) in lieu thereof). Each share of common stock (or Pre-Funded Warrant) is being sold at a public offering price of $3.00 per share (inclusive of the Pre-Funded Warrant exercise price). Total gross proceeds from the offering, before deducting underwriting discounts and offering expenses, are expected to be approximately $5 million. In addition, Better Choice has granted the underwriters a 45-day option to purchase up to an additional 100,000 shares of common stock and/or Pre-Funded Warrants at the public...

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