Day: July 30, 2024

NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) — Ponce Financial Group, Inc., (the “Company”) (NASDAQ: PDLB), the holding company for Ponce Bank (the “Bank”), today announced results for the second quarter of 2024. Second Quarter 2024 Highlights (Compared to Prior Periods):Net income available to common stockholders was $3.1 million, or $0.14 per diluted share for the three months ended June 30, 2024, as compared to net income available to common stockholders of $2.4 million, or $0.11 per diluted share for the three months ended March 31, 2024 and net loss to common stockholders of ($0.1) million, or $0.00 per diluted share for the three months ended June 30, 2023. Net income for the three months ended June 30, 2024, which excludes $0.1 million in dividends on preferred shares, was $3.2 million. The Company began paying dividends on...

SAN MATEO, Calif., July 30, 2024 (GLOBE NEWSWIRE) — Freshworks Inc. (NASDAQ: FRSH), a leading software company empowering businesses to delight their customers and employees, today announced financial results for its second quarter ended June 30, 2024. “Freshworks delivered a solid Q2, growing revenue to $174.1 million with a free cash flow margin of 19%,” said Dennis Woodside, CEO & President of Freshworks. “Our results reflect our increasing financial discipline and our ability to meet the needs of customers with our AI-powered solutions. With clear strategic priorities in place, we are well positioned to seize the massive opportunity in front of us.” Second Quarter 2024 Financial Summary ResultsRevenue: Total revenue was $174.1 million, representing growth of 20% compared to the second quarter of 2023, and 20% adjusting...

Second Quarter HighlightsNet revenues decreased -1.9%; Organic Net Revenue1 grew +2.5% with underlying Volume/Mix of -2.2% Diluted EPS was $0.45, down -34.8%; Adjusted EPS1 was $0.86, up +25.0% on a constant currency basis Year-to-date cash provided by operating activities was $2.1 billion, up $0.2 billion versus prior year; Free Cash Flow1 was $1.5 billion, flat versus prior year Return of capital to shareholders was $2.2 billion in the first half of the year Announcing +11% increase to quarterly dividend Launching transformative ERP program to drive enterprise efficienciesCHICAGO, July 30, 2024 (GLOBE NEWSWIRE) — Mondelēz International, Inc. (Nasdaq: MDLZ) today reported its second quarter 2024 results. “We continued to execute against our strategic growth agenda in the second quarter with strong profitability and attractive...

IRVINE, Calif., July 30, 2024 (GLOBE NEWSWIRE) — Inari Medical, Inc. (NASDAQ: NARI) (“Inari”), a medical device company with a mission to treat and transform the lives of patients suffering from venous and other diseases, today reported financial results for its second quarter ended June 30, 2024. Second Quarter Financial and Recent Business HighlightsGenerated revenue of $146 million in Q2 of 2024, up 23% over the same quarter last year. Commenced full commercial launch of VenaCore, Inari’s latest purpose-built device for the treatment of acute and chronic DVT. Cash, cash equivalents and short-term investments were $110 million as of Q2 of 2024.“Our second quarter performance was driven by strong adoption of our market leading solutions across our VTE, Emerging Therapies and international businesses,” said Drew Hykes, CEO...

MOUNTAIN VIEW, Calif., July 30, 2024 (GLOBE NEWSWIRE) — Iridex Corporation (NASDAQ: IRIX), a worldwide leader providing innovative and versatile laser-based medical systems, delivery devices, and procedure probes for the treatment of glaucoma and retinal diseases, today announced the Company will release financial results for the second quarter 2024 and provide a business update after the close of trading on Thursday, August 8, 2024. The Company’s management team will host a conference call today beginning at 2:00 p.m. PT / 5:00 p.m. ET. Investors interested in listening to the conference call may do so by dialing (646) 307-1963 for domestic callers or (800) 715-9871 for international callers, using conference ID: 9156340. A live and recorded webcast on the “Event Calendar” page of the “Investors” section of the Company’s website...

SPARTANBURG, S.C., July 30, 2024 (GLOBE NEWSWIRE) — Denny’s Corporation (the “Company”) (NASDAQ: DENN), owner and operator of Denny’s Inc. (“Denny’s”) and Keke’s Inc. (“Keke’s”) today reported results for its second quarter ended June 26, 2024 and provided a business update on the Company’s operations. Kelli Valade, Chief Executive Officer, stated, “I am very pleased that for the second quarter in a row Denny’s outperformed BBI Family Dining same-restaurant sales, and Keke’s continued to close the gap in Florida all while navigating a very competitive environment. We are also encouraged to see these trends continuing into July, which is being bolstered by our incremental advertising investments and the expansion of our third virtual brand. Additionally,...

Portage, Michigan, July 30, 2024 (GLOBE NEWSWIRE) — Stryker (NYSE:SYK) reported operating results for the second quarter of 2024: Second Quarter ResultsReported net sales increased 8.5% to $5.4 billion Organic net sales increased 9.0% Reported operating income margin of 19.4% Adjusted operating income margin(1) increased 30 bps to 24.6% Reported EPS increased 10.9% to $2.14 Adjusted EPS(1) increased 10.6% to $2.81  Second Quarter Net Sales Growth Overview  Reported   Foreign Currency Exchange   Constant Currency   Acquisitions / Divestitures   OrganicMedSurg and Neurotechnology         9.0         %           (0.8)        %           9.8         %           0.1         %           9.7         %Orthopaedics and Spine         7.9                     (1.0)                      8.9                     0.9                     8.0          Total         8.5         %           (0.9)        %           9.4         %           0.4         %           9.0         %“We...

Second Quarter HighlightsQuarterly net income available to common stockholders of $37.7 million or $0.88 per common share. Adjusted earnings available to common stockholders of $49.6 million or $1.15 adjusted diluted earnings per common share (non-GAAP). $6.0 million of acquisition, integration and restructuring expenses in the quarter. Sold $108.4 million of securities with CRE exposure at a pre-tax loss of $10.6 million to improve the risk and liquidity profile of the Company. Common equity ratio increased to 10.19%; Tangible common equity ratio (non-GAAP) improved 40 basis points to 7.28%. Net interest margin, full tax-equivalent (non-GAAP) increased to 3.73% for the quarter ended June 30, 2024 from 3.57% for the quarter ended March 31, 2024.Annualized loan yield increased 13 basis points to 6.76%. Annualized cost of deposits decreased...

NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) — Medallion Financial Corp. (NASDAQ: MFIN, “Medallion” or the “Company”), a specialty finance company that originates and services loans in various consumer and commercial industries, along with offering loan origination services to fintech strategic partners, announced today its results for the quarter ended June 30, 2024. 2024 Second Quarter HighlightsNet income was $7.1 million, or $0.30 per share, compared to $14.2 million, or $0.62 per share, in the prior year quarter. $2.3 million of cash was collected on taxi medallion-related assets, compared to $10.6 million of cash collected, in the prior year quarter. Net interest income grew 7% to $49.9 million from $46.7 million in the prior year quarter. Net interest margin on net loans was 8.42%, compared to 8.77% in the prior year quarter,...