Day: August 6, 2024

— Increased AFFO Per Share by 2% While Reducing Outstanding Debt By $251 Million, Improving Net Debt to Adjusted EBITDA from 8.4x to 8.1x — Closed Plus Disposition Pipeline of $728 Million at a Cash Cap Rate of 7.3% — $356 Million Disposition Pipeline Will Further Reduce Outstanding Debt — Addressed All 2024 Debt Maturities, No Debt Maturities Through July 2025 — Raised 2024 Closed Disposition Guidance to $650 Million to $800 Million From $400 Million to $600 Million NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) — Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”), an internally managed real estate investment trust that focuses on acquiring and managing a globally diversified portfolio of strategically located commercial real estate properties, announced today its financial and operating results for the quarter ended June 30,...

– Quarterly Revenue of $99.2 million – – Gross Margin of 40.3% – – Net Income of $11.8 million – – Adjusted EBITDA of $27.7 million – – Backlog and Awarded Orders Increased 18% Year-Over-Year to $642.3 million – – Provides Third Quarter and Full Year 2024 Outlook – PORTLAND, Tenn., Aug. 06, 2024 (GLOBE NEWSWIRE) — Shoals Technologies Group, Inc. (“Shoals” or the “Company”) (Nasdaq: SHLS), a leading provider of electrical balance of system (“EBOS”) solutions for the energy transition market, today announced results for its second quarter ended June 30, 2024. “The second quarter was a busy one for Shoals, which included new commercial agreements, new product introductions, and the initiation of our first share repurchase program. The team executed well in the period, enabling Shoals to exceed our second quarter outlook. While we...

Quarter End AUM of $30.7 billion; Average AUM of $31.1 billion for the Second Quarter Operating Margin of 27.1% for the Second Quarter Second Quarter Fully Diluted EPS of $0.61 versus $0.58 in the Second Quarter of 2023 $232.3 million in Cash, Cash Equivalents, Investments and no DebtGREENWICH, Conn., Aug. 06, 2024 (GLOBE NEWSWIRE) — GAMCO Investors, Inc. (“GAMI”) (OTCQX: GAMI) today reported its operating results for the quarter ended June 30, 2024. Financial Highlights(In thousands, except percentages and per share data)          Three Months Ended      June 30, 2024   March 31, 2024   June 30, 2023  U.S. GAAP              Revenue   $ 57,644     $ 56,945     $ 59,171    Expenses     41,994       41,597       42,679    Operating income     15,650       15,348       16,492    Non-operating income     2,535       4,372       3,281    Net...

Dallas, Texas, Aug. 06, 2024 (GLOBE NEWSWIRE) — CompX International Inc. (NYSE American: CIX) announced today sales of $35.9 million for the second quarter of 2024 compared to $36.6 million in the same period of 2023. Operating income was $5.1 million in the second quarter of 2024 compared to $4.4 million in the same period of 2023. Net income was $4.9 million, or $.39 per basic and diluted common share, for the second quarter of 2024 compared to $4.0 million, or $.33 per basic and diluted common share, in the same period of 2023. For the six months ended June 30, 2024, sales were $73.9 million compared to $77.8 million in the previous year. Operating income was $8.8 million for the first six months of 2024 compared to $11.4 million for the same period in 2023. Net income for the six months ended June 30, 2024, was $8.6 million...

Consistent Improvement Across All Operating Segments Highlights Committement Toward Continued Profitable Growth HIGHLIGHTSTOTAL REVENUES FOR THE SECOND QUARTER INCREASED BY 9.3% YEAR-OVER-YEAR, WITH GROWTH REALIZED ACROSS ALL THREE OPERATING SEGMENTS INCREASED PROFITABILITY IN ALL SEGMENTS DROVE A 45% INCREASE IN OPERATING INCOME AND A 25% INCREASE IN ADJUSTED EBITDA INCREASE IN FULL YEAR EBITDA GUIDANCE RANGE, DEMONSTRATING STRONG EXECUTION AND CONFIDENCE IN THE COMPANY’S FORWARD OUTLOOKRENO, Nev., Aug. 06, 2024 (GLOBE NEWSWIRE) — Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, today announced financial results for the second quarter ended June 30, 2024. KEY FINANCIAL RESULTS  Q2 2024 Q2 2023 Change (%) H1 2024 H1 2023 Change (%)GAAP Measures            Revenues ($ millions)            Electricity 166.2 155.3 7.0% 357.5 325.6 9.8%Product 37.8 33.5 13.1% 62.7 43.5 44.0%Energy...

Earnings Per Share Increased 58% YoY RESTON, Va., Aug. 06, 2024 (GLOBE NEWSWIRE) — Stride, Inc. (NYSE: LRN), one of the nation’s most successful technology-based education companies, today announced its results for the fourth quarter and full fiscal year ended June 30, 2024. Fiscal 2024 Highlights Compared to 2023Revenue of $2,040.1 million, compared with $1,837.4 million. Income from operations of $249.6 million, compared with $165.5 million. Net income of $204.2 million, compared with $126.9 million. Diluted net income per share of $4.69, compared with $2.97. Adjusted operating income of $293.9 million, compared with $201.0 million. (1) Adjusted EBITDA of $390.7 million, compared with $296.2 million. (1)Fiscal 2024 Summary Financial Metrics  Year Ended June 30,   Change 2024/2023    2024   2023     $   %    (In thousands,...

AUDUBON, Pa., Aug. 06, 2024 (GLOBE NEWSWIRE) — Globus Medical, Inc. (NYSE: GMED), a leading musculoskeletal solutions company, today announced its financial results for the quarter ended June 30, 2024.Worldwide net sales were $629.7 million, an increase of 115.9% or 117.3% on a constant currency basis GAAP net income for the quarter was $31.8 million GAAP diluted earnings per share (“EPS”) was $0.23 and non-GAAP diluted EPS was $0.75 Non-GAAP adjusted EBITDA was $190.4 million, or 30.2% of net sales“I’m pleased with the quarterly results, demonstrating our team’s strong performance as we continue to execute our long-term growth strategy, deliver on NuVasive integration plans, launch meaningful new products into the market and drive strong financial performance,” said Dan Scavilla, President and Chief Executive Officer. “I believe...

Premium Growth of 9.1%; 2024 Investor Day to be Held on Tuesday November 19, 2024 GRAND CAYMAN, Cayman Islands, Aug. 06, 2024 (GLOBE NEWSWIRE) — Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today reported its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights (all comparisons are to second quarter 2023 unless noted otherwise):Gross premiums written increased 9.1% to $169.0 million; Net premiums earned increased 13.2% to $158.4 million; Underwriting income of $0.3 million, compared to $5.4 million; Total investment income of $12.6 million, compared to $42.2 million; Net income of $8.0 million, or $0.23 per diluted ordinary share, compared to $49.9 million, or $1.32 per diluted ordinary share; Combined ratio of 99.8%, compared to 96.2%; and Fully diluted...

NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) — Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI) today reported results for the quarter ended June 30, 2024. Net income attributed to common stockholders per diluted share of common stock was $0.23 for the quarter ended June 30, 2024. Distributable Earnings (a non-GAAP financial measure defined below) and Distributable Earnings prior to net realized loss on investments per share of common stock were $0.35 for the quarter ended June 30, 2024. Subsequent Events – Healthcare LoanIn March 2022, ARI and other Apollo-managed entities co-originated a 55% loan-to-cost first mortgage loan secured by eight hospitals in Massachusetts. At origination, ARI’s portion of the loan totaled $378.7 million. The loan was made in connection with the capitalization of a joint...

HOUSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) — Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today reported its financial results for the quarter ended June 30, 2024.Net Income of $18.6 million, or $0.32 per diluted share Adjusted Net Income of $28.5 million, or $0.49 per diluted share Adjusted EBITDA of $81.6 million Executed Billings turnaround on time and on budget Completed comprehensive working capital refinancing as of May 31, 2024 Repurchased $66 million of common stock in the second quarterPar Pacific reported net income of $18.6 million, or $0.32 per diluted share, for the quarter ended June 30, 2024, compared to net income of $30.0 million, or $0.49 per diluted share, for the same quarter in 2023. Second quarter 2024 Adjusted Net Income was $28.5 million, compared to $105.0 million in the second...