Day: August 1, 2024

HAMILTON, Bermuda, Aug. 01, 2024 (GLOBE NEWSWIRE) — SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT) today announced results for its second quarter ended June 30, 2024 Half year core combined ratio of 92.5%, or 92.8% ex. LPT, representing a 1.0 point improvement versus prior year Strong growth in the quarter of 22% on gross written premiums for continuing lines business (excluding 2023 exited programs), contributing to 6% growth for the half year Half year core underwriting income of $81 million, or $78 million ex. LPT, up 11% on prior year Balance sheet further strengthened with Q2’24 BSCR estimate at 284% Headline annualized ROE of 16.7% at half year, with underlying ROE adjusted for MGA actions of 13.0%, tracking within 12-15% medium-term guidance range $125 million share repurchase (9.1 million shares) from CMIG...

ASHBURN, Va., Aug. 01, 2024 (GLOBE NEWSWIRE) — Quoin Pharmaceuticals Ltd. (NASDAQ: QNRX) (the “Company” or “Quoin”), a clinical stage specialty pharmaceutical company focused on rare and orphan diseases, announced today that the Company plans to release its second quarter 2024 financial results before the market opens on Thursday, August 8, 2024. The announcement will provide an operational update regarding the company’s achievements during the quarter and will detail financial highlights. About Quoin Pharmaceuticals Ltd. Quoin Pharmaceuticals Ltd. is a clinical stage specialty pharmaceutical company focused on developing and commercializing therapeutic products that treat rare and orphan diseases. We are committed to addressing unmet medical needs for patients, their families, communities and care teams. Quoin’s innovative pipeline...

RUTLAND, Vt., Aug. 01, 2024 (GLOBE NEWSWIRE) — Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, today reported its financial results for the three and six-month periods ended June 30, 2024. Key Highlights: Revenues were $377.2 million for the quarter, up $87.5 million, or up 30.2%, from the same period in 2023. Solid waste pricing for the quarter was up 5.7% from the same period in 2023, driven by 6.2% collection price growth and 4.8% disposal price growth. Net income was $7.0 million for the quarter, up $1.5 million, or up 27.6%, from the same period in 2023. Adjusted EBITDA, a non-GAAP measure, was $91.6 million for the quarter, up $19.4 million, or up 26.9%, from the same period in 2023. Acquired five businesses through August 1, 2024 with over $100 million...

Second Quarter 2024 Highlights† Reported revenue of $338.0 million, up 5.6% Constant currency revenue* up 6.6% Constant currency revenue, organic,* up 5.0% GAAP operating margin of 13.6%, compared to 9.0% in prior year period Non-GAAP operating margin* of 20.1%, compared to 19.1% in prior year period GAAP EPS $0.61, up 75.7% Non-GAAP EPS* $0.92, up 16.8% † Comparisons noted in the bullet points are calculated for the current quarter compared with the same prior year period unless otherwise specified. * The constant currency revenue; constant currency revenue, organic; non-GAAP gross profit and margin; non-GAAP operating income and margin; non-GAAP net income; non-GAAP EPS; and free cash flow figures (used here and below) are non-GAAP financial measures. A reconciliation of these financial measures to their most directly comparable GAAP...

Net sales of $1.241 billion, down 6.4% sequentially and down 45.8% from the year ago quarter. The midpoint of our guidance provided on May 6, 2024 was net sales of $1,240 billion. On a GAAP basis: gross profit of 59.4%; operating income of $219.1 million and 17.7% of net sales; net income of $129.3 million; and EPS of $0.24 per diluted share. Our guidance provided on May 6, 2024 was for GAAP EPS of $0.19 to $0.24 per diluted share. On a Non-GAAP basis: gross profit of 59.9%; operating income of $390.5 million and 31.5% of net sales; net income of $289.9 million; and EPS of $0.53 per diluted share. Our guidance provided on May 6, 2024 was for Non-GAAP EPS of $0.48 to $0.56 per diluted share. Returned approximately $315.3 million to stockholders in the June quarter through dividends of $242.6 million and the repurchase of $72.7 million,...

CALGARY, Alberta, Aug. 01, 2024 (GLOBE NEWSWIRE) — Badger Infrastructure Solutions Ltd. (“Badger”, the “Company”, “we”, “our” or “us”) (TSX:BDGI) reported second quarter results today. All results are presented in U.S. dollars unless otherwise stated. 2024 SECOND QUARTER OPERATIONAL HIGHLIGHTS The Company achieved revenue of $186.8 million, up 9% from 2023. U.S. revenue was $165.6 million (89% of total revenue), up 14% from 2023. Canada revenue was $21.2 million (11% of total revenue), down 19% from 2023. Gross profit margin of 29.2%, was consistent with 29.1% in 2023. Adjusted EBITDA(1) improved to $44.6 million, up 14% from 2023. Adjusted EBITDA margin(1) rose to 23.9%, up from 22.8% in 2023. Revenue per truck per month (“RPT”)(1) for the quarter was $43,161, compared to $44,502 in 2023. Adjusted earnings per share(1) was...