Month: July 2024

Universal Security Instruments Announces its Fourth-Quarter and Year-End Results

Written by Customer Service on July 12, 2024. Posted in Earnings Releases And Operating Results.

OWINGS MILLS, Md., July 12, 2024 (GLOBE NEWSWIRE) — Universal Security Instruments, Inc. (NYSE Amex: UUU) today announced its financial results for the fourth quarter and its fiscal year ended March 31, 2024. The Company reported:For the fourth quarter ended March 31, 2024, sales decreased $1,096,298 (18.5%) to $4,831,469 from $5,927,767 from the comparable period last year. The Company reported a net loss of $476,671, or $0.21 per basic and diluted share compared to net income of $284,635, or $0.12 per basic and diluted share for the comparable period of the previous year. For the twelve months ended March 31, 2024, sales decreased $2,276,200 (10.3%) to $19,902,673 versus $22,178,873 for the fiscal year ended March 31, 2023. The Company reported a net loss of $395,790, or $0.17 per basic and diluted share, versus net income...

First Commonwealth to Host Second Quarter 2024 Earnings Conference Call on Wednesday, July 24, 2024

Written by Customer Service on July 12, 2024. Posted in Public Companies.

INDIANA, Pa., July 12, 2024 (GLOBE NEWSWIRE) — First Commonwealth Financial Corporation (NYSE: FCF) announced today that it will host a conference call on Wednesday, July 24, 2024 at 2:00 p.m. Eastern Time to discuss financial results for the quarter ended June 30, 2024. The call will be hosted by T. Michael Price, President and Chief Executive Officer. He will be joined by James R. Reske, Executive Vice President and Chief Financial Officer, Jane Grebenc, Executive Vice President and Chief Revenue Officer and Brian G. Karrip, Executive Vice President and Chief Credit Officer. First Commonwealth will issue a press release reporting its Second Quarter 2024 financial results after the market closes on Tuesday, July 23, 2024. Conference Call InformationWhat: First Commonwealth Financial Corporation Second Quarter 2024...

CHAR Tech Announces Appointment of Chief Development Officer Anton Szpitalak, Senior Leadership Changes, and Loan Agreement

Written by Customer Service on July 12, 2024. Posted in Public Companies.

TORONTO, July 12, 2024 (GLOBE NEWSWIRE) — CHAR Technologies Ltd. (“CHAR Tech” or the “Company”) (TSXV:YES), a recognized leader in sustainable bioenergy solutions, announces the following corporate developments: Anton Szpitalak, co-founder of Pan Asia Solar and Board of Director member of CHAR Tech, has been appointed CHAR Tech’s new Chief Development Officer. Anton is co-founder and president at Pan Asia Solar, a cleantech investment platform focused on disruptive decarbonisation technologies. Pan Asia and its investors have invested more than $100M in VC-stage companies globally. Sectors include photovoltaic manufacturing, energy generation, software development and sustainability construction. Mr. Szpitalak is a member of the Board of Directors of Silfab Solar Inc. (www.silfabsolar.com), a North American leader in photo-voltaic...

Pactiv Evergreen Inc. Announces Definitive Agreement to Sell Pine Bluff Paper Mill and Waynesville Extrusion Facility to Suzano SA

Written by Customer Service on July 12, 2024. Posted in Public Companies.

Concludes Strategic Alternatives Review LAKE FOREST, Ill., July 12, 2024 (GLOBE NEWSWIRE) — Pactiv Evergreen Inc. (NASDAQ: PTVE) (“Pactiv Evergreen” or the “Company”) today announced that it has signed a definitive agreement (the “Agreement”) to sell its Pine Bluff, Arkansas, paper mill (“Pine Bluff”) and Waynesville, North Carolina, extrusion facility (“Waynesville”), to global paper and pulp producer Suzano S.A. (“Suzano”) for $110 million in cash (the “Transaction”), subject to customary adjustments for closing amounts such as working capital. Suzano has agreed to offer employment to current employees at Pine Bluff and Waynesville. Pine Bluff produces liquid packaging board and cupstock used to make fresh beverage cartons, paper cups and other fiber-based food and beverage packaging. Waynesville provides incremental extrusion...

Meritage Reports Second Quarter 2024 Results; Continued Earnings Growth Ahead

Written by Customer Service on July 12, 2024. Posted in Earnings Releases And Operating Results.

GRAND RAPIDS, Mich., July 12, 2024 (GLOBE NEWSWIRE) — Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation’s premier franchise operator, today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 HighlightsSales were $172.4 million compared to $176.6 million for the same period last year. Earnings from Operations were $7.1 million compared to $8.9 million for the same period last year. Net Earnings were $3.4 million compared to $5.9 million for the same period last year. Consolidated EBITDA (a non-GAAP measure) was $12.9 million compared to $15.6 million for the same period last year.“Sales improved in the latter half of the quarter as our Wendy’s value offerings and new product offerings helped offset a promotional retail environment. During the first six months of the year our...

Dorman Products, Inc. Announces Date to Report Second Quarter 2024 Financial Results

Written by Customer Service on July 12, 2024. Posted in Public Companies.

COLMAR, Pa., July 12, 2024 (GLOBE NEWSWIRE) — Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ: DORM) today announced the Company will report its financial results for the second quarter ended June 29, 2024 after the closing of the Nasdaq Stock Market on August 1, 2024. The Company also announced that it is scheduled to conduct a conference call and webcast of its second quarter 2024 financial results on August 2, 2024 at 8 a.m. ET. The conference call can be accessed by dialing (888) 440-4182 within the U.S. or +1 (646) 960-0653 outside the U.S. When prompted, enter the conference ID number 1698878. A live audio webcast along with the accompanying presentation materials can be accessed on the Company’s website at investors.dormanproducts.com under the subheading “Events.” A replay of the webcast will be available on the...

Teknova Announces Closing of $15.4 Million Private Placement

Written by Customer Service on July 12, 2024. Posted in Public Companies.

HOLLISTER, Calif., July 12, 2024 (GLOBE NEWSWIRE) — Alpha Teknova, Inc. (“Teknova”) (Nasdaq: TKNO), a leading producer of critical reagents for the discovery, development, and commercialization of novel therapies, vaccines, and molecular diagnostics, today announced the closing of its previously announced private placement for the issuance and sale of an aggregate of 12,385,883 shares of its common stock at a purchase price of $1.24 per share. The private placement was priced based on the Nasdaq Official Closing Price of Teknova’s common stock on July 11, 2024. The gross proceeds to Teknova from the private placement are approximately $15.4 million, before deducting offering expenses payable by Teknova. Teknova currently intends to use the net proceeds from the private placement for general corporate purposes. The offer and sale...

Ocean Power Technologies to Report fiscal 2024 Fourth Quarter Results on July 25th, 2024

Written by Customer Service on July 12, 2024. Posted in Public Companies.

MONROE TOWNSHIP, N.J., July 12, 2024 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it will report its fiscal 2024 fourth quarter results for the period ended April 30, 2024 after the market closes on Thursday July 25, 2024. CONFERENCE CALL AND WEBCAST INFORMATION A conference call to discuss OPT’s financial results will be Friday July 26, 2024 9:00am EDT. Philipp Stratmann, CEO, and Bob Powers, CFO will host the call.The dial-in numbers for the conference call are 877-407-8291 or 201-689-8345. Live webcast: Webcast | Ocean Power Technologies FY2024 Q4 Earnings Conference Call (choruscall.com) Call Replay: Will be available by telephone...

MidWestOne Financial Group, Inc. Announces Second Quarter 2024 Earnings Conference Call

Written by Customer Service on July 12, 2024. Posted in Public Companies.

IOWA CITY, Iowa, July 12, 2024 (GLOBE NEWSWIRE) — MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne” or the “Company”), parent company of MidWestOne Bank, today announced that its second quarter 2024 financial results will be released after market closes on Thursday, July 25, 2024. The Company will host a conference call to discuss its financial results at 11:00 a.m. Central Time on Friday, July 26, 2024. Investors and analysts interested in participating in the call may pre-register utilizing the following link: https://www.netroadshow.com/events/login?show=25afc13e&confId=68332. After pre-registering for this event, you will receive your access details via email. On the day of the call, you are also able to dial 1-833-470-1428 (callers located in Canada please dial 1-833-950-0062) approximately 15 minutes prior...

Hingham Savings Reports Second Quarter 2024 Results

Written by Customer Service on July 12, 2024. Posted in Earnings Releases And Operating Results.

HINGHAM, Mass., July 12, 2024 (GLOBE NEWSWIRE) — HINGHAM INSTITUTION FOR SAVINGS (NASDAQ: HIFS), Hingham, Massachusetts, announced results for the quarter ended June 30, 2024. Earnings Net income for the quarter ended June 30, 2024 was $4,102,000 or $1.88 per share basic and diluted, as compared to $8,248,000 or $3.84 per share basic and $3.76 per share diluted for the same period last year. The Bank’s annualized return on average equity for the second quarter of 2024 was 3.92%, and the annualized return on average assets was 0.38%, as compared to 8.27% and 0.80% for the same period last year. Net income per share (diluted) for the second quarter of 2024 decreased by 50% compared to the same period in 2023. Core net income for the quarter ended June 30, 2024, which represents net income excluding the after-tax gains on equity securities,...

Month: July 2024

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