Day: October 29, 2024

Heartland Express, Inc. Reports Operating Results for the Third Quarter of 2024

Written by Customer Service on . Posted in Public Companies.

NORTH LIBERTY, Iowa, Oct. 29, 2024 (GLOBE NEWSWIRE) — Heartland Express, Inc. (Nasdaq: HTLD) announced today financial results for the three and nine months ended September 30, 2024. Three months ended September 30, 2024: Operating Revenue of $259.9 million, Net Loss of $9.3 million, Basic Loss per Share of $0.12, Operating Ratio of 102.7% and 102.6% Non-GAAP Adjusted Operating Ratio(1), Total Assets of $1.4 billion, Stockholders’ Equity of $825.7 million. Nine months ended September 30, 2024: Operating Revenue of $804.9 million, Net Loss of $27.9 million, Basic Loss per Share of $0.35, Operating Ratio of 102.6% and 102.5% Non-GAAP Adjusted Operating Ratio(1). Heartland Express Chief Executive Officer Mike Gerdin commented on the quarterly operating results and ongoing initiatives of the Company, “Our consolidated...

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Pathos AI Closes $62M Oversubscribed Series C Round of Financing to Accelerate its Platform Approach to Drug Development

Written by Customer Service on . Posted in Mergers And Acquisitions.

CHICAGO, Oct. 29, 2024 (GLOBE NEWSWIRE) — Pathos AI, a clinical-stage biotechnology company focused on re-engineering drug development through artificial intelligence, today announced the closing of an oversubscribed $62M Series C funding round. The Series C financing round was led by New Enterprise Associates (NEA) with participation from Revolution Growth and other existing insiders. This new capital infusion will enable Pathos to expand its team of world-class scientists and engineers, accelerate the development of its AI-powered drug development platform, and advance its clinical-stage pipeline of precision oncology therapeutics. This latest round, which also included its existing investors, Lightbank and Builders VC, was completed at a $600 million post money valuation, bringing the three-year-old company’s total funding to...

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Nova Leap Health Corp. Announces Expansion in Nova Scotia With Execution of Definitive Agreement and Provides Update on Florida Acquisition

Written by Customer Service on . Posted in Mergers And Acquisitions.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES HALIFAX, Nova Scotia, Oct. 29, 2024 (GLOBE NEWSWIRE) — NOVA LEAP HEALTH CORP. (TSXV: NLH) (“Nova Leap” or “the Company”), a growing home health care organization, is pleased to announce that it has executed a definitive agreement (the “Agreement”) to acquire all of the shares of two affiliated home care services companies (“the Targets”) with operations in Nova Scotia (the “Transaction”). The Targets reported aggregate unaudited revenue of approximately $2.56 million, unaudited net income of approximately $235,000 and Adjusted EBITDA of approximately $276,000 for the 2023 fiscal year. All amounts are in Canadian Dollars (“CAD”) unless otherwise specified. Under the terms of the Agreement, the Transaction is to be made for total consideration...

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Franklin Electric Reports Third Quarter 2024 Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Third Quarter 2024 Highlights Consolidated net sales of $531.4 million, a decrease of 1% to the prior year Water Systems and Distribution net sales increased 2% and 1%, respectively, while Fueling Systems net sales decreased 10% Operating income was $73.5 million with operating margin of 13.8% GAAP fully diluted earnings per share (EPS) was $1.17 FORT WAYNE, Ind., Oct. 29, 2024 (GLOBE NEWSWIRE) — Franklin Electric Co., Inc. today announced its third quarter financial results for fiscal year 2024. Third quarter 2024 net sales were $531.4 million, compared to third quarter 2023 net sales of $538.4 million. Third quarter 2024 operating income was $73.5 million, compared to third quarter 2023 operating income of $78.1 million. Third quarter 2024 EPS was $1.17, versus EPS in the third quarter 2023 of $1.23. “Our third quarter results...

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IPG Photonics Announces Third Quarter 2024 Financial Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

 Focusing on Execution and Future Growth Opportunities Delivered Results At the High End of Guidance MARLBOROUGH, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) — IPG Photonics Corporation (NASDAQ: IPGP) today reported financial results for the third quarter ended September 30, 2024.           Three Months Ended September 30,         Nine Months Ended September 30,       (In millions, except per share data and percentages)     2024       2023     Change       2024       2023     Change   Revenue   $ 233.1     $ 301.4     (23 )%   $ 742.8     $ 988.5     (25 )% Gross margin     23.2 %     44.1 %           33.4 %     43.2 %       Operating (loss) income   $ (253.3 )   $ 55.7     NM     $ (222.2 )   $ 203.2     NM   Operating margin   (108.7 )%     18.5 %         (29.9 )%     20.6 %       Net (loss) income attributable to IPG...

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CTS Announces Third Quarter 2024 Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Solid Operational Performance in a Challenging Environment LISLE, Ill., Oct. 29, 2024 (GLOBE NEWSWIRE) — CTS Corporation (NYSE: CTS), a leading global designer and manufacturer of custom engineered solutions that “Sense, Connect and Move,” today announced third quarter 2024 results. “We delivered improved earnings and generated stronger cash flow in the third quarter. Margins expanded as we made progress on operational improvements,” said Kieran O’Sullivan, CEO of CTS Corporation. “Near term market conditions remain challenging. We continue to advance our diversification strategy through the expansion of our customer base and end markets. We remain committed to a disciplined capital structure to drive organic growth, strategic acquisitions and returning cash to shareholders.” Third Quarter 2024 Results Sales were $132 million,...

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Sysco Reports First Quarter Fiscal Year 2025 Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

HOUSTON, Oct. 29, 2024 (GLOBE NEWSWIRE) — Sysco Corporation (NYSE: SYY) (“Sysco” or the “company”) today announced financial results for its 13-week first fiscal quarter ended September 28, 2024. Key financial results for the first quarter of fiscal year 2025 include the following (comparisons are to the same period in fiscal year 2024): Sales increased 4.4%; U.S. Foodservice volume increased 2.7%; Gross profit increased 2.9% to $3.8 billion; Operating income increased 0.5% to $808 million, and adjusted operating income increased 2.2% to $873 million1; EBITDA increased 3.4% to $1.0 billion, and adjusted EBITDA increased 4.4% to $1.1 billion1,2; and EPS3 remained flat at $0.99, compared to the same period last year, and adjusted EPS1 increased 1.9% to $1.09. Reiterating FY25 guidance, with sales growth of 4-5% and adjusted EPS...

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Nautilus Biotechnology Reports Third Quarter 2024 Financial Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

SEATTLE, Oct. 29, 2024 (GLOBE NEWSWIRE) — Nautilus Biotechnology, Inc. (NASDAQ: NAUT; or “Nautilus”), a company pioneering a single-molecule proteome analysis platform, today reported financial results for the third quarter ended September 30, 2024. “I’m excited about the expanding opportunity I see for proteomics and am pleased with the progress we’re making as a business,” said Sujal Patel, CEO of Nautilus. “We consistently receive positive feedback from researchers around the world as they tell us of their desire to explore the proteome more deeply and more broadly, and of the significant limitations of what’s currently available. It is becoming ever more apparent that they understand how important the single-molecule, intact protein analysis to be enabled by the Nautilus platform will be to their explorations of the proteome.” Third...

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Talkspace Announces Third Quarter 2024 Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

3Q 2024 Total revenue grew 23% year-over-year, driven by 45% year-over-year growth in Payor revenue Increased 3Q 2024 GAAP Net income to $1.9 million from $4.4 million net loss year-over-year 3Q 2024 Adjusted EBITDA1 of $2.4 million NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) — Talkspace, Inc. (“Talkspace” or the “Company”) (NASDAQ: TALK), today reported third quarter 2024 financial results.         Three Months   Nine Months           September 30, 2024 (Unaudited)   Results   % Variance from Prior Year   Results   % Variance from Prior Year (In thousands unless otherwise noted)                 Number of eligible lives at period end (in millions)   158.1   40%   158.1   40% Number of completed Payor sessions   316.4   38%   899.2   50% Number of Consumer active members at period end   8.6   (35)%   8.6   (35)%                       Total...

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Global Crossing Airlines Sets Third Quarter 2024 Conference Call for November 7, 2024 at 8:30 a.m. ET

Written by Customer Service on . Posted in Public Companies.

MIAMI, Oct. 29, 2024 (GLOBE NEWSWIRE) — Global Crossing Airlines Group, Inc. (Cboe CA: JET, Cboe CA: JET.B, OTCQB: JETMF) (the “Company” or “GlobalX”), the Nation’s fastest growing charter airline, will host a conference call on Thursday, November 7, 2024 at 8:30 a.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2024. The Company’s results will be reported in a press release prior to the call. GlobalX’s management will host the conference call, followed by a question-and-answer period. Interested parties may submit questions to the Company prior to the call by emailing JET@elevate-ir.com. Date: Thursday, November 7, 2024Time: 8:30 a.m. Eastern timeToll-free dial-in number: (800) 717-1738International dial-in number: (646) 307-1865Conference ID: 86454Webcast: GlobalX’s Q3 2024...

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