Month: July 2024

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,...

EL SEGUNDO, Calif., July 30, 2024 (GLOBE NEWSWIRE) — Big 5 Sporting Goods Corporation (Nasdaq: BGFV) (the “Company,” “we,” “our,” “us,” “Big 5”), a leading sporting goods retailer, today reported financial results for the fiscal 2024 second quarter ended June 30, 2024. “Our second quarter results were consistent with our guidance range, as our customers continue to feel the ongoing and cumulative impact of inflationary pressures on their discretionary spending,” stated Steven G. Miller, the Company’s Chairman, President and Chief Executive Office. “As we battle these sales headwinds, our team remains focused on aspects of the business within our control, including optimization of merchandise margins and managing our expenses and inventory levels. We believe these efforts on the operational front will best position us to generate...

SALT LAKE CITY, July 30, 2024 (GLOBE NEWSWIRE) — Medallion Bank (Nasdaq: MBNKP, the “Bank”), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter ended June 30, 2024. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN). 2024 Second Quarter HighlightsNet income of $15.0 million, compared to $19.3 million in the prior year quarter. Net interest income of $50.2 million, compared to $47.0 million in the prior year quarter. Net interest margin of 8.55%, compared to 8.91% in the prior year quarter. Total provision for credit losses was $18.2 million, compared to $8.9 million in the prior year quarter. Total provision for credit...

JEFFERSON CITY, Mo., July 30, 2024 (GLOBE NEWSWIRE) — Hawthorn Bancshares, Inc. (NASDAQ: HWBK), (the “Company”), the bank holding company for Hawthorn Bank, reported second quarter 2024 net income of $4.6 million and earnings per diluted share (“EPS”) of $0.66. Second Quarter 2024 ResultsNet income improved $0.2 million and EPS improved $0.03 per share from the first quarter 2024 (the “prior quarter”) Net interest margin, fully taxable equivalent (“FTE”) of 3.33% Return on average assets and equity of 1.02% and 13.75%, respectively Loans decreased $20.3 million, or 1.3%, compared to the prior quarter Investments increased $1.4 million, or 0.7%, compared to the prior quarter Deposits increased $22.4 million, or 1.5%, compared to the prior quarter, while other borrowings decreased $9.9 million, or 6.2%, compared...