Month: September 2024

Paylocity Announces Definitive Agreement to Acquire Airbase Inc., a Leading Spend Management Software Solution Provider

Written by Customer Service on September 4, 2024. Posted in Mergers And Acquisitions.

Acquisition to expand Paylocity’s total addressable market to the Office of the CFO and provide capabilities for clients to holistically manage all business-related spend on a consolidated platformPaylocity Announces Intent to Acquire AirbasePaylocity Announces Definitive Agreement to Acquire Airbase Inc., a Leading Spend Management Software Solution ProviderAcquisition to expand Paylocity’s total addressable market to the Office of the CFO and provide capabilities for clients to holistically manage all business-related spend on a consolidated platformSCHAUMBURG, Ill., Sept. 04, 2024 (GLOBE NEWSWIRE) — Paylocity (NASDAQ: PCTY), a leader in cloud-based HR and payroll software solutions, today announced it has signed a definitive agreement to acquire Airbase Inc., a modern finance and spend management software solution...

Credo Technology Group Holding Ltd Reports First Quarter of Fiscal Year 2025 Financial Results

Written by Customer Service on September 4, 2024. Posted in Earnings Releases And Operating Results.

SAN JOSE, Calif., Sept. 04, 2024 (GLOBE NEWSWIRE) — Credo Technology Group Holding Ltd (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase through the data infrastructure market, today reported financial results for the first quarter of fiscal year 2025, ended August 3, 2024. First Quarter of Fiscal Year 2025 Financial HighlightsRevenue of $59.7 million, grew by 70% year over year GAAP gross margin of 62.4% and non-GAAP gross margin of 62.9% GAAP operating expenses of $51.7 million and non-GAAP operating expenses of $35.4 million GAAP net loss of $(9.5) million and non-GAAP net income of $7.0 million GAAP diluted net loss per share of $(0.06) and non-GAAP diluted net income per share of $0.04 Ending...

Concrete Pumping Holdings Reports Third Quarter Fiscal Year 2024 Results

Written by Customer Service on September 4, 2024. Posted in Earnings Releases And Operating Results.

DENVER, Sept. 04, 2024 (GLOBE NEWSWIRE) — Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (the “Company” or “CPH”), a leading provider of concrete pumping and waste management services in the U.S. and U.K., reported financial results for the third quarter ended July 31, 2024. Third Quarter Fiscal Year 2024 Summary vs. Third Quarter of Fiscal Year 2023 (unless otherwise noted) ● Revenue of $109.6 million compared to $120.7 million. ● Gross profit of $44.5 million compared to $49.5 million. ● Income from operations of $16.6 million compared to $19.5 million. ● Net income of $7.6 million compared to $10.3 million. ● Net income attributable to common shareholders of $7.1 million or $0.13 per diluted share and net income margin of 6.9%, compared to $9.9 million or $0.18 per diluted share and...

XPO Provides North American LTL Operating Data for August 2024

Written by Customer Service on September 4, 2024. Posted in Earnings Releases And Operating Results.

GREENWICH, Conn., Sept. 04, 2024 (GLOBE NEWSWIRE) — XPO (NYSE: XPO), a leading provider of freight transportation in North America, today reported certain preliminary LTL segment operating metrics for August 2024. LTL tonnage per day decreased 4.6%, as compared with August 2023, attributable to a year-over-year decrease of 4.5% in shipments per day and a decrease of 0.1% in weight per shipment. Actual results for August 2024 may vary from the preliminary results reported above. Mario Harik, chief executive officer of XPO, said, “In August, we managed our variable costs effectively in a soft demand environment, supporting our outlook for margin expansion. The industry pricing backdrop remains constructive, and we’re executing our company-specific initiatives to deliver strong above-market yield growth. Our ongoing service improvements...

Union Bankshares Announces Balance Sheet Repositioning

Written by Customer Service on September 4, 2024. Posted in Public Companies.

MORRISVILLE, Vt., Sept. 04, 2024 (GLOBE NEWSWIRE) — Union Bankshares, Inc. (NASDAQ – UNB) today announced the completion of a balance sheet repositioning related to its investment securities portfolio. The Company’s wholly-owned subsidiary, Union Bank, executed the sale of $38.8 million in book value of its lower-yielding available-for-sale debt securities for an estimated after-tax realized loss of approximately $1.0 million, which will be recorded in the third quarter of 2024. Proceeds from the sale of the securities were redeployed into higher yielding bonds and funding loans that on a combined basis are expected to yield approximately 341 basis points more than the securities that were sold. The Company estimates the loss will be recouped within approximately one year. The loss on the sale of securities has a neutral...

FuelCell Energy Participates in Panel Discussion on Scaling Technologies in Hydrogen Production at Investing in Green Hydrogen 2024

Written by Customer Service on September 4, 2024. Posted in Public Companies.

DANBURY, Conn., Sept. 04, 2024 (GLOBE NEWSWIRE) — FuelCell Energy, Inc. (Nasdaq: FCEL) announced its participation in a discussion on “Scaling Critical Technologies in Hydrogen Production” at Investing in Green Hydrogen 2024 (IGH2024). IGH2024 on Sept. 2-3, 2024, at the Queen Elizabeth II Centre in London. Andrea Miserocchi, vice president of business development in Europe and the Middle East at FuelCell Energy, spoke on the topic of “Scaling Critical Technologies in Hydrogen Production.” The panel he joined analyzed the crucial aspects of developing robust and efficient hydrogen projects. Miserocchi highlighted FuelCell Energy’s hydrogen solutions, including FuelCell Energy’s Solid Oxide Electrolyzer platform, which produces hydrogen at nearly 90 percent electrical efficiency without excess heat and can reach 100 percent efficiency...

Toll Brothers Announces New Luxury Home Community Coming Soon to Murfreesboro, Tennessee

Written by Customer Service on September 4, 2024. Posted in Public Companies.

MURFREESBORO, Tenn., Sept. 04, 2024 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community, Meadowlark, is coming soon to Murfreesboro, Tennessee. Nestled near Clari Park and within walking distance to premium shopping and dining at The Avenue, Meadowlark by Toll Brothers will feature both single-family homes and townhomes, each thoughtfully crafted with elegant architecture and versatile spaces for modern living. The homes in Meadowlark will range in size from 1,869 to 2,268+ square feet of luxury living space, with 3 to 4 bedrooms, 2 to 3 bathrooms, and two-car garages. Toll Brothers homebuyers can choose from a variety of floor plans and exterior designs and can personalize the interior of their new home with a selection of curated designer-appointed...

C&R Software Acquires SpringFour, Expanding Reach of Financial Health Solutions

Written by Customer Service on September 4, 2024. Posted in Mergers And Acquisitions.

WARMINSTER, Pa., Sept. 04, 2024 (GLOBE NEWSWIRE) — C&R Software (“C&R”),the world’s leading Cloud-native end-to-end software and solutions provider for the complete credit risk lifecycle and a CORA Group company, today announced the acquisition of SpringFour, the first-of-its-kind, leading financial health fintech. This acquisition further expands C&R Software’s offerings in the financial health sector and supports the company’s mission to deliver comprehensive collections and recovery solutions to customers worldwide. SpringFour will operate as a standalone brand, with Rochelle Nawrocki Gorey remaining as the CEO. This strategic acquisition will expand SpringFour’s reach, and position C&R Software to further support its clients in providing critical financial health resources and services that benefit both...

Verizon Chairman & CEO to speak at Goldman Sachs conference September 9

Written by Customer Service on September 4, 2024. Posted in Public Companies.

NEW YORK, Sept. 04, 2024 (GLOBE NEWSWIRE) — Hans Vestberg, Chairman and CEO of Verizon (NYSE, Nasdaq: VZ), is scheduled to speak at the Goldman Sachs Communacopia + Technology Conference on Monday, September 9, at 11:50 a.m. ET. His remarks will be webcast, with access instructions available on Verizon’s Investor Relations website, www.verizon.com/about/investors. Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.0 billion in 2023. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of...

Safety Shot President Jordan Schur Invests an Additional $3.4 Million in the Company Through His Family Fund, Core 4 Capital Corp.

Written by Customer Service on September 4, 2024. Posted in Public Companies.

JUPITER, FL, Sept. 04, 2024 (GLOBE NEWSWIRE) — Safety Shot, Inc. (Nasdaq: SHOT) (the “Company” or “Safety Shot”) is pleased to announce that Safety Shot President Jordan Schur has invested in a $3.4 million private placement in the Company through his family investment group, Core 4 Capital Corp. (“Core 4”). In addition to gross proceeds of $5 million that were raised in April and $1 million in June from Core 4, Safety Shot just raised an additional $3.4 million from the issuance of 3,370,787 Shares at a price of $0.89 and 3,370,767 warrants at $0.125 per warrant, With this investment, Core 4 has made a combined investment of $9.4 million from Core 4. “I have seen amazing progress in this Company since I joined approximately six months ago,” said Schur. “The recent release of our clinical trial conducted by the Center for Applied...

Month: September 2024

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