Month: July 2024

THORNTON, Colo., July 31, 2024 (GLOBE NEWSWIRE) — MYR Group Inc. (“MYR”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced today its second-quarter and first-half 2024 financial results. Highlights for Second Quarter 2024Quarterly revenues of $828.9 million Quarterly net loss of $15.3 million, or ($0.91) per diluted share Quarterly EBITDA of ($4.7) million Backlog of $2.54 billionManagement CommentsRick Swartz, MYR’s President and CEO, said, “Our second quarter 2024 financials reflected decreased revenues and consolidated gross profit, compared to the same period of 2023, which were primarily related to unfavorable clean energy projects within our T&D segment and one project...

HOUSTON, July 31, 2024 (GLOBE NEWSWIRE) — Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today announced its operating and financial results for the second quarter of 2024. Whitestone creates neighborhood center communities in its high-quality open-air shopping centers that it acquires, owns, manages, develops, and redevelops primarily in some of the largest, fastest-growing, high-household-income markets in the Sunbelt. “Whitestone delivered a very strong quarter driven by restaurants and fitness offerings that saw 6.6% Same Store Net Operating Income, GAAP leasing spreads of 33% on new leases and 14% on renewal leases, portfolio annualized base rent per square foot increasing 5% from a year ago and occupancy of 93.5%. With the majority of our debt maturities locked until 2027, we have clear visibility to achieve...

TYSONS, Va., July 31, 2024 (GLOBE NEWSWIRE) — Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the second quarter ended June 30, 2024 and provided an operational update. Selected Statistical and Financial Information (unaudited, amounts in millions, except RevPAR, ADR, Total RevPAR and per share data)  Three Months Ended June 30,   Six Months Ended June 30,    2024       2023     Change(1)     2024       2023     Change(1)Comparable RevPAR $ 194.90     $ 191.03     2.0 %   $ 185.28     $ 177.05     4.6 %Comparable Occupancy   77.1 %     77.0 %   0.1% pts     74.0 %     72.2 %   1.8% ptsComparable ADR $ 252.90     $ 248.33     1.8 %   $ 250.51     $ 245.38     2.1 %                       Comparable Total RevPAR $ 311.32     $ 301.74     3.2 %   $ 300.50     $ 286.81     4.8 %                       Net...

                               Three months ended         Three months ended        June 30,    March 31,   sequential   June 30,    year-over-year  2024   2024   change   2023   change(In millions, except per share amounts, percentages and backlog)                            Contract drilling revenues $ 861     $ 763     $ 98     $ 729     $ 132  Adjusted contract drilling revenues $ 861     $ 767     $ 94     $ 748     $ 113  Revenue efficiency (1) 96.9 %   92.9 %   4.0 %   97.2 %   (0.3 )%Operating and maintenance expense $ 534     $ 523     $ 11     $ 484     $ 50  Net income (loss) attributable to controlling interest $ (123 )   $ 98     $ (221 )   $ (165 )   $ 42  Diluted earnings (loss) per share $ (0.15 )   $ 0.11     $ (0.26 )   $ (0.22 )   $ 0.07                               Adjusted EBITDA $ 284     $ 199     $ 85     $ 237     $ 47  Adjusted...

RAPID CITY, S.D., July 31, 2024 (GLOBE NEWSWIRE) — Black Hills Corp. (NYSE: BKH) today announced financial results for the second quarter of 2024. Net income available for common stock and earnings per share for the three and six months ended June 30, 2024, compared to the three and six months ended June 30, 2023, were:  Three Months Ended June 30,     Six Months Ended June 30,    2024   2023     2024   2023    (in millions, except per share amounts)  Net income available for common stock $ 22.8   $ 23.1     $ 150.6   $ 137.1  Earnings per share, Diluted $ 0.33   $ 0.35     $ 2.19   $ 2.06  Second quarter earnings were $0.33 per share compared to $0.35 per share in the second quarter of 2023. Financial results were driven by new rates and rider recovery and lower operating expenses, which offset the unfavorable...

Second Quarter ResultsTotal revenues of $29.7 million, a 17% year-over-year improvement, driven in part by increased international revenues  Net loss of $(3.1) million and loss per share of $(1.21)  Adjusted EBITDA of $0.9 million, a $3.2 million year-over-year improvement  Cash flows from operating activities of $4.1 million for the first half of 2024; free cash flow less distributions to non-controlling interest improved to $3.2 million compared to $(2.0) million for the first half of 2023 $18.6 million in cash and $8.9 million of total debt as of June 30, 2024HOUSTON, July 31, 2024 (GLOBE NEWSWIRE) — NCS Multistage Holdings, Inc. (Nasdaq: NCSM) (the “Company,” “NCS,” “we” or “us”), a leading provider of highly engineered products and support services that facilitate the optimization of oil and natural gas well construction,...

– Completes over one million square feet of leasing during the quarter – Atlanta, July 31, 2024 (GLOBE NEWSWIRE) — Piedmont Office Realty Trust, Inc. (“Piedmont” or the “Company”) (NYSE:PDM), an owner of Class A office properties located primarily in major U.S. Sunbelt markets, today announced its results for the quarter ended June 30, 2024, including the completion of over one million square feet of leasing, the largest amount of leasing the Company has completed in a single quarter in over a decade. Highlights for the Three Months Ended June 30, 2024: Financial Results:  Three Months Ended(in 000s other than per share amounts ) June 30, 2024 June 30, 2023Net loss applicable to Piedmont $ (9,809 ) $ (1,988 )Net loss per share applicable to common stockholders – diluted $ (0.08 ) $ (0.02 )Interest...

Company to Host Conference Call on Thursday, August 1, 2024, at 11:00 a.m. Eastern Daylight Time HENDERSON, Nev., July 31, 2024 (GLOBE NEWSWIRE) — Employers Holdings, Inc. (the “Company”) (NYSE:EIG), a holding company with subsidiaries that are specialty providers of workers’ compensation insurance and services focused on small and select businesses engaged in low-to-medium hazard industries, today reported financial results for its second quarter ended June 30, 2024. Financial Highlights:(All comparisons vs. the second quarter of 2023).Net income per diluted share of $1.25, versus $1.30; Adjusted net income per diluted share of $1.10, versus $1.17; Gross premiums written of $207.9 million, an increase of 5%; Net premiums earned of $187.8 million, an increase of 6%; Net favorable prior year loss reserve development of $9.1...

WESTPORT, Conn., July 31, 2024 (GLOBE NEWSWIRE) — Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced today its consolidated operating results for the three months ended June 30, 2024. “I’m pleased to announce another strong quarter with results that exceeded our expectations, driven by continued strength in our consumer businesses,” said Elias Sabo, CEO of Compass Diversified. “While Q2 saw deteriorating economic conditions that negatively impacted our industrial vertical, our branded consumer businesses performed exceptionally well with net sales up close to 20%, or 11% on a pro forma basis, offsetting any weaknesses in our industrial businesses. As expected, destocking headwinds subsided this past quarter, which meant both BOA and PrimaLoft performed exceptionally...

TRAVERSE CITY, Mich., July 31, 2024 (GLOBE NEWSWIRE) — MachTen, Inc. (“MACT”) (OTC: MACT) today reported audited financial results for the year ended December 31, 2023, along with an interim operational and financial update for the first half of 2024. 2023 Financial HighlightsFinancial Highlights (Audited) Year Ended(In thousands, except per share data) December 31, 2023   December 31, 2022       Operating revenue $ 15,939     $ 15,815  Operating income $ 6,072     $ 5,409  Net income $ 4,317     $ 4,017  Earnings per share $ 1.36     $ 1.27         “Since emerging as a standalone business in September 2023, we have invested significant resources into building a foundation for future growth,” commented Dan Miller, Chief Executive Officer. “I’m grateful to the Michigan Broadband staff in Carney and Traverse...