Day: August 1, 2024

CALGARY, Alberta, Aug. 01, 2024 (GLOBE NEWSWIRE) — Source Energy Services Ltd. (“Source” or the “Company”) is pleased to announce its financial results for the three and six months ended June 30, 2024. Q2 2024 PERFORMANCE HIGHLIGHTS Key achievements for the quarter ended June 30, 2024 include the following: realized sand sales volumes of 921,148 metric tonnes (“MT”) and sand revenue of $140.1 million, the highest quarterly sand volumes and revenue achieved by Source to date, reflecting an increase of $38.1 million in sand revenue from the second quarter of 2023; generated total revenue of $176.4 million, a $49.4 million increase from the same period last year; realized gross margin of $32.6 million and Adjusted Gross Margin(1) of $42.1 million, increases of 31% and 40%, respectively, when compared to the second quarter of 2023; reported...

Improving Factory-built housing Results; High Claims in Insurance Operation PHOENIX, Aug. 01, 2024 (GLOBE NEWSWIRE) — Cavco Industries, Inc. (Nasdaq: CVCO) (“we,” “our,” the “Company” or “Cavco”) today announced financial results for the first fiscal quarter ended June 29, 2024. Quarterly Highlights Net revenue was $478 million, up $2 million or 0.4% compared to $476 million in the first quarter of the prior year, primarily on home sales volume growth. Sequentially, home sales volume is up 20% and capacity utilization is up to approximately 65% from approximately 60%. Factory-built housing Gross profit as a percentage of Net revenue was 22.6%, compared to 24.8% in the prior year. Financial services Gross loss as a percentage of Net revenue was (0.6)%, compared to Gross profit of...

Business Highlights Second quarter of 2024 sales increased 11% Q/Q and increased 50% Y/Y SSD controller sales:  2Q of 2024 increased 0% to 5% Q/Q and increased 25% to 30% Y/Y eMMC+UFS controller sales:  2Q of 2024 increased 25% to 30% Q/Q and increased 190% to 195% Y/Y SSD solutions sales:  2Q of 2024 increased 20% to 25% Q/Q and decreased 5% to 10% Y/Y Financial Highlights   2Q 2024 GAAP 2Q 2024 Non-GAAP • Net sales $210.7 million (+11% Q/Q, +50% Y/Y) $210.7 million (+11% Q/Q, +50% Y/Y) • Gross margin 45.9% 46.0% • Operating margin 14.6% 16.5% • Earnings per diluted ADS $0.91  $0.96 TAIPEI, Taiwan and MILPITAS, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) — Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion,” the “Company” or “we”) today announced its financial results for the quarter ended June...

CALGARY, Alberta, Aug. 01, 2024 (GLOBE NEWSWIRE) — Black Diamond Group Limited (“Black Diamond”, the “Company” or “we”), (TSX:BDI), a leading provider of space rental and workforce accommodation solutions, today announced its operating and financial results for the three and six months ended June 30, 2024 (the “Quarter”) compared with the three and six months ended June 30, 2023 (the “Comparative Quarter”). All financial figures are expressed in Canadian dollars. Key Highlights from the Second Quarter of 2024 Consolidated rental revenue of $35.3 million was essentially flat as compared to the Comparative Quarter. Adjusted EBITDA1 of $27.9 million was up 24% from the Comparative Quarter, driven primarily by higher total revenues and gross profit.  Quarterly profit of $7.5...

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES (Note: All dollar amounts in this press release are expressed in U.S. dollars except as otherwise noted. The financial results are derived from financial statements prepared using the recognition and measurement requirements of International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS® Accounting Standards”), except as otherwise noted, and are unaudited. This press release contains certain non-GAAP and other financial measures, including book value per share, cash and marketable securities and compounded annualized return, that do not have a prescribed meaning under IFRS Accounting Standards and may not be comparable to similar financial measures presented by other issuers. See “Glossary...

VANCOUVER, British Columbia, Aug. 01, 2024 (GLOBE NEWSWIRE) — Tree Island Steel (”Tree Island” or the ”Company”) (TSX: TSL) announced today its financial results for the three months ended June 30, 2024. For the three-month period ended June 30, 2024, revenues, net of freight and distribution costs, decreased by $9.6 million to $54.0 million, compared to $63.6 million in 2023. Gross profit for the quarter decreased to $4.6 million, from $9.1 million in the same period in 2023. Adjusted EBITDA amounted to $2.9 million, compared to $6.8 million during the same period in 2023. The largest drivers for the decreased earnings are the lower average selling prices and reduced spread over raw material costs. To a lesser extent, the shutdown of Etiwanda facility last year also impacted the volumes and revenue. For...

Southampton, PA , Aug. 01, 2024 (GLOBE NEWSWIRE) — Quaint Oak Bancorp, Inc. (the “Company”) (OTCQB: QNTO), the holding company for Quaint Oak Bank (the “Bank”), announced today net income for the quarter ended June 30, 2024 of $100,000, or $0.04 per basic and diluted share, compared to net income of $570,000, or $0.25 per basic and diluted share, net, for the same period in 2023. Net income for the six months ended June 30, 2024 of $973,000, or $0.39 per basic and diluted share, net, compared to net income of $1.1 million, or $0.51 per basic diluted share, net, for the same period in 2023. Robert T. Strong, President and Chief Executive Officer stated, “Our earnings for this quarter ended June 30, 2024, are essentially flat. The primary reason for this result in net income was the relatively large reduction in our loans held for...