Day: October 29, 2024

Third Quarter 2024 HighlightsConsolidated 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 $1.17FORT 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...

 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...

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 ResultsSales were $132 million,...

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...

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...

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...