Day: August 1, 2024

SiriusPoint reports seventh consecutive quarter of underwriting profits and strong net income at $109.9m

Written by Customer Service on August 1, 2024. Posted in Earnings Releases And Operating Results.

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, 2024Half 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...

Quoin Pharmaceuticals to Announce Second Quarter 2024 Financial Results on Thursday, August 8, 2024

Written by Customer Service on August 1, 2024. Posted in Earnings Releases And Operating Results.

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...

Casella Waste Systems, Inc. Announces Second Quarter 2024 Results and Recent Acquisitions; Updates Fiscal Year 2024 Guidance

Written by Customer Service on August 1, 2024. Posted in Earnings Releases And Operating Results.

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...

Merit Medical Reports Second Quarter 2024 Results and Raises Full-Year Guidance

Written by Customer Service on August 1, 2024. Posted in Earnings Releases And Operating Results.

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...

Microchip Technology Announces Financial Results for First Quarter of Fiscal Year 2025

Written by Customer Service on August 1, 2024. Posted in Earnings Releases And Operating Results.

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,...

Badger Infrastructure Solutions Ltd. Delivers Solid Growth in 2024 Second Quarter Revenue, Adjusted EBITDA and Adjusted Net Earnings

Written by Customer Service on August 1, 2024. Posted in Earnings Releases And Operating Results.

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 HIGHLIGHTSThe 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...

Casella Waste Systems, Inc. Expands its Footprint in the Mid-Atlantic with Two Acquisitions

Written by Customer Service on August 1, 2024. Posted in Mergers And Acquisitions.

RUTLAND, Vt., Aug. 01, 2024 (GLOBE NEWSWIRE) — Casella Waste Systems, Inc. (Nasdaq: CWST), a regional solid waste, recycling, and resource management services company (the “Company”), announced that it has acquired two solid waste businesses with operations in the Mid-Atlantic, LMR Disposal LLC (“LMR”), which closed on July 1, 2024, and Whitetail Disposal, Inc. (“Whitetail”), which closed on August 1, 2024. The acquisitions include collection operations across eastern Pennsylvania and western New Jersey, complementing the Company’s existing operations in the Mid-Atlantic. The Company expects to generate over $100 million of total annualized revenues from the two acquisitions. “We are very excited about the acquisitions of Whitetail and LMR as they represent continued execution against our disciplined growth strategy, further expanding...

Nokia Corporation: Repurchase of own shares on 01.08.2024

Written by Customer Service on August 1, 2024. Posted in Public Companies.

Nokia CorporationStock Exchange Release01 August 2024 at 22:30 EET Nokia Corporation: Repurchase of own shares on 01.08.2024 Espoo, Finland – On 01 August 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*XHEL 1,977,113 3.69CEUX 640,994 3.70BATE – –AQEU – –TQEX – –Total 2,618,107 3.70* Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program started on 20 March 2024. On 19 July 2024, Nokia decided to accelerate the share buybacks by increasing...

Australian Oilseeds Announces Appointment of New Independent Auditor

Written by Customer Service on August 1, 2024. Posted in Public Companies.

Cootamundra New South Wales, Aug. 01, 2024 (GLOBE NEWSWIRE) — Australian Oilseeds Holdings Limited, a Cayman Islands exempted company (“Australian Oilseeds” or “Pubco”) (NASDAQ: COOT) today announced the appointment of BDO Global as its independent auditor. BDO is a leading provider of global audit, advisory, and tax services firm headquartered in Brussels. Their appointment is effective July 24th, 2024. “I am pleased to welcome BDO as our new independent auditor. BDO’s reputation for excellence and integrity makes them an outstanding addition to Australia Oilseeds, and we believe that the values they reflect resonate strongly with those of AOI,” said Gary Seaton, Chief Executive Officer of AOI. About Australian Oilseeds Investments Pty Ltd. Australian Oilseeds Investments Pty Ltd. (the “Company”) is an Australian proprietary company...

Bird Completes Acquisition of Jacob Bros Construction

Written by Customer Service on August 1, 2024. Posted in Mergers And Acquisitions.

MISSISSAUGA, Ontario, Aug. 01, 2024 (GLOBE NEWSWIRE) — Bird Construction Inc. (TSX: BDT) is pleased to communicate that the previously announced transaction to acquire Jacob Bros Construction (“Jacob Bros”) has been successfully completed. “We are very excited to welcome Jacob Bros into the Bird family, bringing a highly complementary team with shared values and strong leadership that will support our long-term growth strategy,” said Teri McKibbon, President and CEO of Bird. “Not only does our combined company immediately add scale and diversification in BC’s high-demand infrastructure market, but will also enable us to offer more comprehensive solutions as we pursue projects of various size, complexity, and scope. We look forward to continuing our strong track record of operational excellence and pursuing the robust opportunities...

Day: August 1, 2024

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