Day: October 29, 2024

PERRYSBURG, Ohio, Oct. 29, 2024 (GLOBE NEWSWIRE) — FOR IMMEDIATE RELEASE                               Rapidly Implementing Fit To Win Priorities to Drive Improved Performance in 2025 and Beyond Business Returned to Modest Sales Volume Growth, Despite Sluggish Market Conditions Updating 2024 Business Outlook Amid Continued Muted Demand and Consumer UncertaintyO-I Glass, Inc. (“O-I”) (NYSE: OI) today reported financial results for the third quarter ended September 30, 2024.  Net Earnings (Loss) Attributable to the Company Per Share (Diluted) Earnings (Loss) Before Income Taxes$M3Q24 3Q23 3Q24 3Q23Reported ($0.52) $0.32 ($57) $82  Adjusted Earnings (Loss)Earnings Per Share (Diluted) Segment Operating Profit$M3Q24 3Q23 3Q24 3Q23Non – GAAP ($0.04) $0.80 $144  $301“Our third-quarter results declined when...

MILWAUKEE, Oct. 29, 2024 (GLOBE NEWSWIRE) — Artisan Partners Asset Management Inc. (NYSE: APAM) (the “Company” or “Artisan Partners”) today reported its results for the three and nine months ended September 30, 2024, and declared a quarterly dividend. The full September 2024 quarter earnings release and investor presentation can be viewed at www.apam.com. Conference Call The Company will host a conference call on October 30, 2024, at 1:00 p.m. (Eastern Time) to discuss its results for the three and nine months ended September 30, 2024. Hosting the call will be Eric Colson, Chief Executive Officer, Jason Gottlieb, President, and C.J. Daley, Chief Financial Officer. Supplemental materials that will be reviewed during the call are available on the Company’s website at www.apam.com. The call will be webcast and can be accessed via...

TYSONS, Va., Oct. 29, 2024 (GLOBE NEWSWIRE) — Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the third quarter ended September 30, 2024 and provided an operational update. Selected Statistical and Financial Information (unaudited, amounts in millions, except RevPAR, ADR, Total RevPAR and per share data)  Three Months Ended September 30,   Nine Months Ended September 30,    2024       2023     Change(1)     2024       2023     Change(1)Comparable RevPAR $ 189.73     $ 183.64     3.3 %   $ 188.08     $ 180.33     4.3 %Comparable Occupancy   78.1 %     75.6 %   2.5% pts     75.7 %     73.5 %   2.2% ptsComparable ADR $ 242.88     $ 242.89     — %   $ 248.57     $ 245.34     1.3 %                       Comparable Total RevPAR $ 294.65     $ 283.82     3.8 %   $ 300.83     $ 287.74     4.5 %                       Net...

SANTA CLARA, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD) today announced revenue for the third quarter of 2024 of $6.8 billion, gross margin of 50%, operating income of $724 million, net income of $771 million and diluted earnings per share of $0.47. On a non-GAAP(*) basis, gross margin was 54%, operating income was $1.7 billion, net income was $1.5 billion and diluted earnings per share was $0.92. “We delivered strong third quarter financial results with record revenue led by higher sales of EPYC and Instinct data center products and robust demand for our Ryzen PC processors,” said AMD Chair and CEO Dr. Lisa Su. “Looking forward, we see significant growth opportunities across our data center, client and embedded businesses driven by the insatiable demand for more compute.” “We are pleased with our execution in the...

Net income available to common stockholders of $16.7 million and $47.8 million for the three and nine months ended September 30, 2024, respectively, or $0.28 and $0.79 per diluted share, respectively. Funds from Operations (“FFO”) per diluted share increased 20% and 10% year-over-year for the three and nine months ended September 30, 2024, respectively, to $0.71 and $2.03 per diluted share, respectively. Increased 2024 FFO per diluted share guidance to a range of $2.51 to $2.55 with a midpoint of $2.53, a 1% increase over prior guidance. SAN DIEGO, Oct. 29, 2024 (GLOBE NEWSWIRE) — American Assets Trust, Inc. (NYSE: AAT) (the “company”) today reported financial results for its third quarter ended September 30, 2024. Third Quarter HighlightsNet income available to common stockholders of $16.7 million and $47.8 million...

Third Quarter HighlightsQuarterly net income available to common stockholders of $62.1 million or $1.44 per common share Adjusted earnings available to common stockholders of $50.6 million or $1.17 adjusted diluted earnings per common share (non-GAAP), which excludes:Gain on sale, net, of $29.7 million due to the sale of Rocky Mountain Bank branches in Montana. Loss on security sales of $9.5 million. Loss on fixed assets of $2.9 million due to branch closures and write-downs on properties listed for sale.Common equity to total assets increased to 11.11%; while the tangible common equity ratio (non-GAAP) improved 86 basis points to 8.14%. Net interest margin, full tax-equivalent (non-GAAP) increased to 3.78% for the quarter ended September 30, 2024 up from 3.73% for the quarter ended June 30, 2024. Nonperforming loans were $69.9...

SALT LAKE CITY, Oct. 29, 2024 (GLOBE NEWSWIRE) — LifeVantage Corporation (Nasdaq: LFVN), a leading health and wellness company with products designed to activate optimal health processes at the cellular level, today reported financial results for its first fiscal quarter ended September 30, 2024. First Quarter Fiscal 2025 Summary*:Revenue of $47.2 million, a decrease of 8.1% from the prior year period. Excluding the negative impact of foreign currency fluctuations, first quarter revenue was down approximately 7.7%; Revenue in the Americas decreased 4.2%, and revenue in Asia/Pacific & Europe decreased 19.7%. Excluding the negative impact of foreign currency fluctuations, first quarter revenue in Asia/Pacific & Europe decreased approximately 18.7%; Net income per diluted share was $0.14, versus $0.05 per diluted share...

JACKSONVILLE, Fla., Oct. 29, 2024 (GLOBE NEWSWIRE) — Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) today reported basic and diluted earnings per share (“EPS”) of $1.41 in the 2024 third quarter on revenue of $1.214 billion. “Consistent with the first half of 2024, the freight environment during the third quarter remained challenging. The Landstar team of independent business owners and employees continued to perform admirably given this backdrop,” said Landstar President and Chief Executive Officer Frank Lonegro. “I was encouraged that Landstar achieved a 3.2% sequential increase in truck revenue per load compared to the 2024 second quarter, outperforming typical seasonality. This result was driven by a strong month-over-month truck revenue per load increase in July, but tapered off as we moved through August...

Net Revenues increased +1.9%Organic Net Revenue1 grew +5.4% Volume/Mix grew +0.3% Diluted EPS declined -12.5% to $0.63Adjusted EPS1 on a constant currency basis up +28.6% to $0.99 YTD cash from operating activities $3.5 billionYTD Free Cash Flow1 $2.5 billion Agreed to acquire a majority stake in Evirth CHICAGO, Oct. 29, 2024 (GLOBE NEWSWIRE) — Mondelēz International, Inc. (Nasdaq: MDLZ) today reported its third quarter 2024 results. “We posted robust results for Q3, with accelerated top-line growth, strong earnings and attractive cash flow generation. These results were driven by our commitment to executing with excellence across our categories, markets and brands,” said Dirk Van de Put, Chair and Chief Executive Officer. “We remain focused on reinvesting behind our brands, driving distribution, expanding our capabilities and...

NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) — Medallion Financial Corp. (NASDAQ: MFIN, “Medallion” or the “Company”), a specialty finance company that originates and services loans in various consumer and commercial industries, as well as offers loan products and services through fintech strategic partners, announced today its results for the quarter ended September 30, 2024. 2024 Third Quarter HighlightsNet income was $8.6 million, or $0.37 per share, compared to $11.2 million, or $0.48 per share, in the prior year quarter. Net interest income grew 8% to $52.7 million from $48.8 million in the prior year quarter. Net interest margin on gross loans was 8.11%, compared to 8.35% in the prior year quarter, and on net loans it was 8.42%, compared to 8.64% in the prior year quarter. Loan originations were $275.6 million, compared to...