Month: July 2024

AvidXchange Announces Second Quarter 2024 Financial Results

Written by Customer Service on July 31, 2024. Posted in Earnings Releases And Operating Results.

Q2’24 financial results mark a milestone in achieving GAAP net income profitability on disciplined execution around year-over-year revenue growth, unit cost efficiencies and operating expense leverageSustaining a strong balance sheet with cash and marketable securities of $465.0 million to re-invest in the core business organically and inorganicallyUpdated 2024 business outlook reflects strong execution amid macro choppinessCHARLOTTE, N.C., July 31, 2024 (GLOBE NEWSWIRE) — AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced financial results for the second quarter ended June 30, 2024. “We are extremely proud of the many milestones we have achieved in short order since our IPO with...

CSW Industrials Reports Record Fiscal 2025 First Quarter Results Delivering All-Time Highs for Quarterly Revenue, Net Income, Earnings per Diluted Share, EBITDA, and Operating Cash Flow

Written by Customer Service on July 31, 2024. Posted in Earnings Releases And Operating Results.

DALLAS, July 31, 2024 (GLOBE NEWSWIRE) — CSW Industrials, Inc. (Nasdaq: CSWI or the “Company”) today reported record results for the fiscal 2025 first quarter period ended June 30, 2024. Fiscal 2025 First Quarter Highlights (comparisons to fiscal 2024 first quarter)Total revenue increased 11.2% to $226.2 million, driven by organic growth of 7.7% and inorganic growth of 3.5% from the recent acquisition of Dust Free Net income attributable to CSWI increased 26.1% to $38.6 million, compared to $30.6 million Earnings per diluted share (EPS) increased 25.4% to $2.47, compared to $1.97 EBITDA grew 19.9% to $65.3 million, including margin expansion of 210 bps to 28.9% Cash flow from operations increased 24.7% to $62.7 million, compared to $50.3 million Paid down $51.0 million of debt, further improving the strength of the...

Fortis Inc. Releases Second Quarter 2024 Results and 2024 Sustainability Report

Written by Customer Service on July 31, 2024. Posted in Earnings Releases And Operating Results.

This news release constitutes a “Designated News Release” incorporated by reference in the prospectus supplement dated September 19, 2023 to Fortis’ short form base shelf prospectus dated November 21, 2022. ST. JOHN’S, Newfoundland and Labrador, July 31, 2024 (GLOBE NEWSWIRE) — Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its second quarter results1 and 2024 Sustainability Report. HighlightsSecond quarter net earnings of $331 million or $0.67 per common share, up from $294 million or $0.61 per common share in 2023 Adjusted net earnings per common share2 of $0.67, up from $0.62 in the second quarter of 2023 Capital expenditures2 of $2.3 billion in the first half...

Crawford United Corporation Announces Second Quarter 2024 Results

Written by Customer Service on July 31, 2024. Posted in Earnings Releases And Operating Results.

Earnings per share of $0.92 for the quarter and $1.77 year-to-date Sales of $37.6 million for the quarter, an increase of 1.9% Net income of $3.3 million for the quarter and $6.3 million year-to-date EBITDA As Defined1 of $6.7 million for the quarter and $13.4 million year-to-dateCLEVELAND, July 31, 2024 (GLOBE NEWSWIRE) — Crawford United Corporation (OTC: CRAWA), a growth-oriented holding company serving diverse markets, today reported results for the quarter ended June 30, 2024. For the quarter ended June 30, 2024, sales were $37.6 million compared with $36.9 million in the same period in 2023, an increase of 1.9%. In the quarter, the Company recorded operating income of $5.1 million compared with operating income of $5.2 million in the same period of the prior year, a decrease of 0.7%. Net income was $3.3 million or $0.92...

CNH Industrial N.V. Reports Second Quarter 2024 Results

Written by Customer Service on July 31, 2024. Posted in Public Companies.

Second quarter consolidated revenue declined 16% on lower industry demand Second quarter diluted EPS at $0.34; adjusted diluted EPS at $0.38 ($0.52 in the second quarter of 2023) Results reflect continued execution of cost savings initiatives mitigating the impact of market headwinds Returned $1.2 billion to shareholders through dividends and share repurchases in the first half of 2024 Full-year guidance updated to reflect weaker market conditions Basildon, UK – July 31, 2024 – CNH Industrial N.V. (NYSE: CNH) today reported results for the three months ended June 30, 2024, with net income of $438 million and diluted earnings per share of $0.34 compared with net income of $710 million and diluted earnings per share of $0.52 for the three months ended June 30, 2023. Consolidated revenues were $5.49 billion (down approximately...

LXP Industrial Trust Reports Second Quarter 2024 Results

Written by Customer Service on July 31, 2024. Posted in Earnings Releases And Operating Results.

WEST PALM BEACH, Fla., July 31, 2024 (GLOBE NEWSWIRE) — LXP Industrial Trust (“LXP”) (NYSE:LXP), a real estate investment trust focused on Class A warehouse and distribution real estate investments, today announced results for the quarter ended June 30, 2024. Second Quarter 2024 HighlightsRecorded Net Income attributable to common shareholders of $3.8 million, or $0.01 per diluted common share. Generated Adjusted Company Funds From Operations available to all equityholders and unitholders – diluted (“Adjusted Company FFO”) of $46.9 million, or $0.16 per diluted common share. Increased Same-Store NOI 5.0% in the second quarter compared to the same period in 2023. Completed new leases and lease extensions totaling 2.7 million square feet, raising Base and Cash Base Rents by 44.5% and 44.0%, respectively, excluding tenant...

Radware Reports Second Quarter 2024 Financial Results

Written by Customer Service on July 31, 2024. Posted in Public Companies.

Second Quarter 2024 Financial Results and HighlightsRevenue of $67 million, an increase of 3% year–over–year Cloud ARR of $70 million, an increase of 19% year-over-year Non-GAAP operating expenses of $49 million, a decrease of 6% year-over-year Non-GAAP diluted EPS of $0.20; GAAP diluted EPS of $0.04 Cash flow from operations of $23 millionTEL AVIV, Israel, July 31, 2024 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced its consolidated financial results for the second quarter ended June 30, 2024. “We are pleased with our second quarter 2024 results, which exceeded the high-end of our revenue and non-GAAP EPS guidance,” said Roy Zisapel, Radware’s president and CEO. “We are excited about the launch of Radware EPIC-AI™ and the...

Grayscale Bitcoin Mini Trust (Ticker: BTC) Begins Trading on NYSE Arca as Grayscale Investments’® Newest Bitcoin ETP

Written by Customer Service on July 31, 2024. Posted in Public Companies.

BTC Launches on NYSE Arca Following Spin-off and Distribution from Grayscale Bitcoin Trust (Ticker: GBTC) STAMFORD, Conn., July 31, 2024 (GLOBE NEWSWIRE) — Grayscale Investments®, the world’s largest crypto asset manager*, offering more than 20 crypto investment products, today announced that Grayscale Bitcoin Mini Trust (Ticker: BTC) has begun trading on NYSE Arca as of 4:00 AM ET today as a spot Bitcoin ETP. Grayscale Bitcoin Mini Trust (“BTC”) is not a fund registered under the Investment Company Act of 1940 and is not subject to regulation under the Investment Company Act of 1940, unlike most mutual funds or ETFs. Investing involves significant risk, including possible loss of principal. The Trust may not be suitable for all investors. BTC launched today as the lowest fee** spot Bitcoin ETP through the innovative mechanics...

Dentsply Sirona Reports Second Quarter 2024 Results and Announces Second Phase of Transformation

Written by Customer Service on July 31, 2024. Posted in Public Companies.

Net sales of $984 million decreased (4.2%), organic sales decreased (2.3%) GAAP gross margin of 51.9%, GAAP net loss of ($4) million or loss per share of ($0.02) Adjusted EBITDA margin of 17.5%, adjusted EPS of $0.49 Revised FY24 outlook: organic sales down (1%) to flat (previously flat to up 1.5%); adjusted EPS of $1.96 to $2.02 (previously $2.00 to $2.10) Company repurchased $150 million of its common stock in Q2 2024; expects to repurchase $100 million of its common stock in Q3 2024 Second phase of transformation includes an expected reduction in annualized operating expenses of $80 to $100 million over approximately 12 to 18 monthsCHARLOTTE, N.C., July 31, 2024 (GLOBE NEWSWIRE) — DENTSPLY SIRONA Inc. (“Dentsply Sirona” or the “Company”) (Nasdaq: XRAY) today announced its financial results for the second quarter...

Lotus Technology Nominated for Reuters Sustainability Awards 2024

Written by Customer Service on July 31, 2024. Posted in Public Companies.

The Company is a finalist in Reuters Sustainability Awards 2024 in the Business Transformation category and the Net Zero: Operations Transformation category NEW YORK, July 31, 2024 (GLOBE NEWSWIRE) — Lotus Technology Inc. (“Lotus Tech” or “the Company”) (Nasdaq: LOT), a leading global luxury electric vehicle maker, has today announced it becomes a finalist in two categories in Reuters Sustainability Awards 2024. Reuters Sustainability Awards, now in their 14th year, are the world’s leading awards celebrating leadership in sustainable business. These awards recognize strategies that deliver tangible impacts on business, society, and the environment. The nomination of Lotus Tech as a finalist in the two categories of both business and operations transformation demonstrates the global recognition of the Company’s holistic approach...

Month: July 2024

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