Day: August 7, 2024

–    GAAP LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS OF $(0.21)   ––    DISTRIBUTABLE EARNINGS PER COMMON SHARE OF $0.07   ––    DISTRIBUTABLE EARNINGS PER COMMON SHARE BEFORE REALIZED LOSSES OF $0.19 ––    DISTRIBUTABLE RETURN ON AVERAGE STOCKHOLDERS’ EQUITY OF 2.6%   – NEW YORK, Aug. 07, 2024 (GLOBE NEWSWIRE) — Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market (“LMM”) investor and owner occupied commercial real estate loans, today reported financial results for the quarter ended June 30, 2024. “The second quarter results are reflective of our cumulative efforts to cycle out of underperforming assets and into market yielding investments,”...

CALGARY, Alberta, Aug. 07, 2024 (GLOBE NEWSWIRE) — Computer Modelling Group Ltd. (“CMG Group” or the “Company”) announces its financial results for the three months ended June 30, 2024, and the approval by its Board of Directors (the “Board”) of the payment of a cash dividend of $0.05 per Common Share for the first quarter ended June 30, 2024. FIRST QUARTER 2025 CONSOLIDATED HIGHLIGHTS Select financial highlights Generated total revenue of $30.5 million in the first quarter of fiscal 2025, compared to $20.7 million in the prior year’s quarter, reflecting a 12% increase in CMG’s revenue and a 35% contribution from BHV; Operating profit decreased to $5.7 million, a decrease of 42% from the same period of the previous fiscal year, primarily due to an increase in stock-based compensation in the quarter as a result of the increase...

CALGARY, Alberta, Aug. 07, 2024 (GLOBE NEWSWIRE) — DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”, “we”, “our”, “us” or “ours”) (TSX: DRT; OTC: DRTTF), a leader in industrialized construction, today announced its financial results for the three and six months ended June 30, 2024. All financial information in this news release is presented in U.S. dollars, unless otherwise stated. Second Quarter 2024 Highlights Revenue of $41.2 million in the second quarter of 2024, a decrease of 8% from the prior year period. Gross profit increased to $15.4 million or 37.3% of revenue in the second quarter of 2024 from $14.6 million or 32.5% of revenue in the second quarter of 2023. Net income after tax and net income margin for the second quarter of 2024 of $0.6 million and 1.4%, respectively, compared to net income after tax of...

Not for distribution to U.S. News wire services or dissemination in the U.S. VANCOUVER, British Columbia, Aug. 07, 2024 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) is pleased to announce its financial results for the three months ended June 30, 2024 (the “quarter”) and the six months ended June 30, 2024 (“YTD”). HIGHLIGHTS Royalty Pool Sales(1) up 2.3% to $175.2M for the quarter and down 1.8% to $356.4M YTD Keg Restaurants Ltd. (“KRL”) Average Sales per Operating Week(1) up 2.3% to $128,000 for the quarter and down 1.2% to $131,000 YTD Same Store Sales(1) up 1.7% for the quarter and down 1.9% YTD Distributable Cash(1) down 4.3% to $0.282/Fund unit for the quarter and up 8.9% to $0.691/Fund unit YTD Special cash distribution of $0.08/Fund unit paid on January 31, 2024 Payout Ratio(2) was 100.8%...

HOUSTON, Aug. 07, 2024 (GLOBE NEWSWIRE) — Itafos Inc. (TSX-V: IFOS) (the “Company”) today reported its Q2 2024 financial results and provided a corporate update. The Company’s financial statements and management’s discussion and analysis for the three and six months ended June 30, 2024, are available under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.itafos.com. All figures are in thousands of US Dollars except as otherwise noted. CEO Commentary “We are extremely pleased to report on the significant progress we have made on the execution of our strategic priorities in Q2, 2024. On the back of positive market fundamentals, the Company continues to report strong operational and financial performance,” said David Delaney. “Execution of the H1/NDR project continues, on time and on budget, as we derisk...

LAVAL, Québec, Aug. 07, 2024 (GLOBE NEWSWIRE) — Savaria Corporation (“Savaria”) (TSX: SIS), one of the global leaders in the accessibility industry, is pleased to announce its results for the second quarter of 2024. Highlights – Q2 2024 compared to Q2 2023 Revenue was $221.3M, compared to $198.4M in 2023, an increase of 11.6% mainly due to organic growth of 11.5% and a positive foreign exchange impact of 1.1%, partially offset by the divestitures of Van-Action and Freedom Motors. Accessibility organic growth stood at 15.4%, including growth of 15.4% coming from North America and 15.3% from Europe. Patient Care organic revenue contracted by 0.9%. Gross profit was $83.0M, up $15.9M or 23.6%, representing 37.5% of revenue, an increase of 370 bps compared to 33.8% in Q2 2023. Operating income was $22.6M, up $6.4M or 39.3%, representing...

NORWOOD, Mass., Aug. 07, 2024 (GLOBE NEWSWIRE) — MariMed Inc. (“MariMed” or the “Company”) (CSE: MRMD) (OTCQX: MRMD), a leading multi-state cannabis operator focused on improving lives every day, today announced its financial results for the second quarter ended June 30, 2024. “With the first half of the year in the books, I’m pleased to say we remain on track to deliver our 2024 financial targets,” said Jon Levine, Chief Executive Officer. “Revenue growth in the second quarter of 2024 was very strong both year-over-year and sequentially, led by another tremendous quarter for our wholesale business. Our retail business also turned the corner, with a 24% increase in transactions year-over-year. While we continue to navigate the growth phase of our life cycle, and our results reflect a corresponding drag on margins and cash flow,...

Raises full-year 2024 total and oil production forecast Increases estimated sub-$50 WTI breakeven locations by ~45% TULSA, OK, Aug. 07, 2024 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) today reported second-quarter 2024 financial and operating results. Supplemental slides have been posted to the Company’s website and can be found at www.vitalenergy.com. A conference call and webcast is planned for 7:30 a.m. CT, Thursday, August 8, 2024. Participation details can be found within this release. Second-Quarter 2024 Highlights Delivered Company-record quarterly total and oil production, producing 129.4 thousand barrels of oil equivalent per day (“MBOE/d”) and 59.2 thousand barrels of oil per day (“MBO/d”), respectively Reported capital investments...

Quarterly revenue of $887 million, at the high end of guidance Quarterly GAAP net income of $23 million and net income per share of $0.33 Quarterly Adjusted EBITDA of $228 million and Non-GAAP net earnings per diluted share of $1.53, exceeding the high-end of guidance ANDOVER, Mass., Aug. 07, 2024 (GLOBE NEWSWIRE) — MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, today reported second quarter 2024 financial results. “Our continued execution, especially in our Semiconductor and Electronics & Packaging markets, drove strong financial results in the second quarter. Revenues of $887 million were at the high end of our guidance while Adjusted EBITDA exceeded the upper end of that same guidance,” said John T.C. Lee, President and Chief Executive Officer. “As a critical...