Month: July 2024

Brown & Brown, Inc. announces second quarter 2024 results, including total revenues of $1.2 billion, an increase of 12.5%; Organic Revenue growth of 10.0%; diluted net income per share of $0.90; and Diluted Net Income Per Share – Adjusted of $0.93

Written by Customer Service on July 22, 2024. Posted in Earnings Releases And Operating Results.

DAYTONA BEACH, Fla., July 22, 2024 (GLOBE NEWSWIRE) — Brown & Brown, Inc. (NYSE:BRO) (the “Company”) announced its unaudited financial results for the second quarter of 2024. Revenues for the second quarter of 2024 under U.S. generally accepted accounting principles (“GAAP”) were $1.2 billion, increasing $131 million, or 12.5%, compared to the second quarter of the prior year, with commissions and fees increasing by 11.4% and Organic Revenue increasing by 10.0%. Income before income taxes was $346 million, increasing 36.2% from the second quarter of the prior year with Income Before Income Taxes Margin increasing to 29.4% from 24.3%. EBITDAC – Adjusted was $420 million, increasing 17.3% from the second quarter of the prior year with EBITDAC Margin – Adjusted increasing to 35.7% from 34.2%....

Flow Capital Announces Cash Dividend on Series A Preferred Shares

Written by Customer Service on July 22, 2024. Posted in Public Companies.

TORONTO, July 22, 2024 (GLOBE NEWSWIRE) — Flow Capital Corp. (TSXV: FW) (“Flow Capital” or the “Company”), a leading provider of venture debt, announces a cash dividend of $0.069 per Series A Preferred Share (“Preferred Shares”), paid on July 16, 2024, to shareholders recorded as of June 30, 2024. This dividend corresponds to the period from March 31, 2024 to June 30, 2024.This dividend as an eligible dividend for the purposes of the Income Tax Act (Canada) and relevant provincial or territorial legislation. Consequently, Canadian residents who receive this dividend may benefit from an enhanced dividend tax credit.The declaration and payment of dividends on the Preferred Shares are subject to the discretion of the Company’s board of directors. Future dividend declarations will depend on the...

Sotera Health Announces Second-Quarter 2024 Earnings Release Date

Written by Customer Service on July 22, 2024. Posted in Public Companies.

CLEVELAND, July 22, 2024 (GLOBE NEWSWIRE) — Sotera Health Company (Nasdaq: SHC), a leading global provider of mission-critical end-to-end sterilization solutions and lab testing and advisory services for the healthcare industry, today announced its plans to release its financial results for the second-quarter ended June 30, 2024 before the market opens on Monday, August 5, 2024. Following the release, management will hold a conference call at 9:00 a.m. Eastern Time to discuss the Company’s operating highlights and financial results. To participate in the live call, please dial 1-844-481-2916 if dialing-in from the United States, or 1-412-317-0709 if dialing-in from other locations. A live webcast of the conference call can be accessed at this link or via the Investor Relations section of the Company’s website at Presentation &...

Kornit Digital Sets Second Quarter 2024 Earnings Release Date and Webcast

Written by Customer Service on July 22, 2024. Posted in Public Companies.

ROSH-HA`AYIN, Israel, July 22, 2024 (GLOBE NEWSWIRE) — Kornit Digital Ltd. (“Kornit” or the “Company”) (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies, announced today that it will release its financial results for the second quarter ended June 30, 2024 on Wednesday, August 7, prior to the market open. The Company will host an earnings conference call and webcast reviewing these results and its operations on Wednesday, August 7th at 8:30 am ET. This conference call will be broadcast live and can be accessed by all interested parties through Kornit’s website, www.kornit.com, in the “Investors” section. The dial-in information for the live call is:Live Call: 1-800-717-1738 (US/Canada Toll-Free)International: 1-646-307-1865 or 972 3 384 8161...

SmartFinancial Announces Results for the Second Quarter 2024

Written by Customer Service on July 22, 2024. Posted in Public Companies.

KNOXVILLE, Tenn., July 22, 2024 (GLOBE NEWSWIRE) — SmartFinancial, Inc. (“SmartFinancial” or the “Company”; NYSE: SMBK), today announced net income of $8.0 million, or $0.48 per diluted common share, for the second quarter of 2024, compared to net income of $8.8 million, or $0.52 per diluted common share, for the second quarter of 2023, and compared to prior quarter net income of $9.4 million, or $0.55 per diluted common share. Operating earnings1, which excludes non-recurring income, net of tax adjustments, totaled $7.8 million, or $0.46 per diluted common share, in the second quarter of 2024, compared to $8.8 million, or $0.52 per diluted common share, in the second quarter of 2023, and compared to $8.4 million, or $0.49 per diluted common share, in the first quarter of 2024. Highlights for the Second...

Archrock to Acquire Total Operations and Production Services, LLC

Written by Customer Service on July 22, 2024. Posted in Mergers And Acquisitions.

$983 million cash and stock transaction expected to be immediately accretive to Archrock’s earnings per share and cash available for dividend per share Complements and deepens existing compression operations in the Permian Basin with addition of 580,000 horsepower of young assets, including approximately 500,000 operating horsepower and a substantial and contracted backlog of new equipment Expands Archrock’s capabilities in electric motor drive compression, in-line with emissions reduction strategy Archrock to host a conference call on Tuesday, July 23 at 10:00 a.m. ETHOUSTON and MIDLAND, Texas, July 22, 2024 (GLOBE NEWSWIRE) — Archrock, Inc. (NYSE: AROC) (“Archrock”) and Total Operations and Production Services, LLC (“TOPS”), a leading provider of contract gas compression services for the Permian Basin and portfolio company...

Frequency Electronics, Inc. Announces Fourth Quarter and Full Fiscal Year 2024 Financial Results

Written by Customer Service on July 22, 2024. Posted in Earnings Releases And Operating Results.

MITCHEL FIELD, N.Y., July 22, 2024 (GLOBE NEWSWIRE) — Mitchel Field, NY, July 22, 2024 – Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) is reporting revenues for the three and twelve-month periods of fiscal year 2024, ended April 30, 2024, of approximately $15.6 million and $55.3 million, respectively, compared to revenues of $13.0 million and $40.8 million, respectively, for the same periods of fiscal year 2023, ended April 30, 2023. Operating income for the fourth quarter of fiscal year 2024 was $2.5 million compared to an operating income of $0.4 million for the same period of fiscal year 2023. Operating income for the twelve months ended April 30, 2024 was $5.0 million compared to an operating loss of $4.7 million for the twelve months ended April 30, 2023. Net income for the three months ended April 30,...

Frequency Electronics, Inc. Declares Special Cash Dividend of $1.00 Per Share

Written by Customer Service on July 22, 2024. Posted in Dividend Reports And Estimates.

MITCHEL FIELD, N.Y., July 22, 2024 (GLOBE NEWSWIRE) — Today the Board of Directors of Frequency Electronics, Inc. (“FEI” or the “Company”) (NASDAQ-FEIM) declared a special cash dividend of $1.00 per share of common stock. The special dividend is payable on August 29, 2024, to stockholders of record as of the close of business on August 8, 2024. Based on the current number of shares outstanding, the total amount of the special dividend payment will be approximately $9.4 million. FEI President and CEO, Tom McClelland commented, “Today our Board of Directors declared a $1.00 per share special cash dividend. Since we paid our previous special dividend 18 months ago, we have continued to improve the profitability and cash generation of the Company, allowing us to once again return cash to stockholders. Our strong balance sheet allows...

NBT Bancorp Inc. Announces Second Quarter 2024 Results and Approves a 6.3% Cash Dividend Increase

Written by Customer Service on July 22, 2024. Posted in Dividend Reports And Estimates.

NORWICH, N.Y., July 22, 2024 (GLOBE NEWSWIRE) — NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) reported net income and diluted earnings per share for the three and six months ended June 30, 2024. Net income for the three months ended June 30, 2024 was $32.7 million, or $0.69 per diluted common share, compared to $30.1 million, or $0.70 per diluted common share, for the three months ended June 30, 2023, and $33.8 million, or $0.71 per diluted common share, for the first quarter of 2024. Operating diluted earnings per share1, a non-GAAP measure, which excludes acquisition expenses and securities gains (losses), net of tax, was $0.69 for the second quarter of 2024, compared to $0.80 for the second quarter of 2023 and $0.68 for the first quarter of 2024. CEO Comments “Our operating performance for the second quarter and first...

HUB Receives Nasdaq Notification Regarding Minimum Bid Price Requirement

Written by Customer Service on July 22, 2024. Posted in Public Companies.

TEL AVIV, Israel, July 22, 2024 (GLOBE NEWSWIRE) — via IBN – HUB Security Ltd (Nasdaq: HUBC), a developer of cybersecurity solutions and services (“HUB” or the “Company”), received a notification from The Nasdaq Stock Market (“Nasdaq”) notifying the Company that it is no longer in compliance with Nasdaq Listing Rule 5450(a)(1), because for the past 30 consecutive business days preceding the date of the notification (“Notice”), the bid price per share of the Company’s ordinary shares, no par value (“Ordinary Shares”) had closed below the $1.00 per share minimum bid price required for continued listing on Nasdaq (the “Minimum Bid Price Requirement”). The Notice has no immediate effect on the listing of the Company’s Ordinary Shares, and the Company’s Ordinary Shares continue to trade on Nasdaq under the symbol “HUBC”. Pursuant to...

Month: July 2024

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