Month: July 2024

Conference call on Thursday, August 1, 2024 at 9:30 a.m. central time HOUSTON, July 31, 2024 (GLOBE NEWSWIRE) — Carriage Services, Inc. (NYSE: CSV) today announced its financial results for the second quarter ended June 30, 2024. Company Highlights:A 31.1% increase in consolidated cemetery preneed sales, and an increase of 4.0% in consolidated funeral average, helped drive revenue of $102.3 million, representing growth of 4.8% over the prior-year quarter; GAAP diluted EPS of $0.40 and adjusted diluted EPS of $0.63, compared to $0.53 and $0.53 in the prior-year quarter, respectively; Leverage ratio of 4.58x and executed an amendment to the Company’s Credit Agreement, highlighted by a more favorable fee schedule, resulting in near-term interest expense reduction; and The Company increased its guidance for 2024 to $390-$400...

WILLIAMSVILLE, N.Y., July 31, 2024 (GLOBE NEWSWIRE) — National Fuel Gas Company (“National Fuel” or the “Company”) (NYSE:NFG) today announced consolidated results for the third quarter of its 2024 fiscal year and for the nine months ended June 30, 2024. FISCAL 2024 THIRD QUARTER SUMMARYGAAP net loss of $54.2 million, or $0.59 per share, which includes a $145.0 million non-cash, after-tax impairment charge related to the carrying value of exploration and production properties, compared to GAAP net income of $92.6 million, or $1.00 per share, in the prior year. Adjusted operating results of $91.7 million, or $0.99 per share, compared to $93.4 million, or $1.01 per share, in the prior year (see non-GAAP reconciliation on page 2). Pipeline and Storage segment net income increased $6.9 million, or 29%, from the prior year, primarily...

Raises Guidance for Total Company Revenue, Adjusted EBITDA, and Adjusted EPS Second Quarter 2024 Highlights (All comparisons against the second quarter of 2023 unless otherwise noted.) Strong performance driven by its competitive differentiator – Ingersoll Rand Execution Excellence (IRX):Second quarter orders of $1,799 million, up 4%, or down 1% organicOn a two-year stack, up 12%, or up 3% organicReported second quarter revenues of $1,805 million, up 7%, or up 1% organic1On a two-year stack, up 24%, or up 13% organic1Reported net income attributable to Ingersoll Rand Inc. of $185 million, or earnings of $0.45 per shareAdjusted net income1 of $341 million, or $0.83 per shareAdjusted EBITDA1 of $495 million, up 16%, with a margin of 27.4%, up 220 basis points year over yearGross Margin improvement of 250 basis pointsReported...

HARTSVILLE, S.C., July 31, 2024 (GLOBE NEWSWIRE) — Sonoco Products Company (“Sonoco” or the “Company”) (NYSE: SON), one of the largest sustainable global packaging companies, today reported financial results for its second quarter ended June 30, 2024. Summary:Achieved GAAP net income attributable to Sonoco of $91 million, Adjusted EBITDA of $262 million, diluted earnings per share of $0.92 and diluted Adjusted earnings per share of $1.28 Generated strong productivity of $51 million during the second quarter and $102 million during the first half of 2024 Generated $275 million of operating cash flow and $96 million of Free Cash Flow during the first half of 2024 Entered into an agreement on June 24, 2024, to acquire Eviosys for approximately $3.9 billion; expected to be completed in the fourth quarter of 2024 Reaffirms full year...

VANCOUVER, British Columbia, July 31, 2024 (GLOBE NEWSWIRE) — Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) reported a net loss of $5.7 million in the second quarter of 2024, as compared to a net loss of $20.7 million in the second quarter of 2023, and a net loss of $8.0 million in the first quarter of 2024. Adjusted EBITDA was $9.4 million in the second quarter of 2024, as compared to negative $12.0 million in the second quarter of 2023, and negative $4.2 million in the first quarter of 2024.(millions of Canadian dollars except per share amounts and where otherwise noted) (1) Q22024   Q22023   Q12024   YTD2024   YTD2023Revenue $ 309.5     $ 276.0     $ 239.5     $ 549.0     $ 539.8  Adjusted EBITDA (2)   9.4       (12.0 )     (4.2 )     5.2       (17.1 )Adjusted EBITDA margin (2)   3 %     (4 %)     (2 %)     1 %     (3 %)Operating...

The financial and operational information contained in this press release is based on unaudited consolidated condensed interim financial statements presented in U.S. dollars and prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Free Cash Flow, Net cash / debt and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, July 31, 2024 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) today announced its results for the quarter ended June 30, 2024 in comparison with its results for the quarter ended June 30, 2023. Summary...