Day: November 6, 2024

FAIRPORT, N.Y., Nov. 06, 2024 (GLOBE NEWSWIRE) —  Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the second quarter and six months ended September 28, 2024. Executive Summary (vs. year-ago, year-to-date results):Net sales for the six months ended September 28, 2024 totaled $730.2 million compared to $706.1 million for the six months ended September 30, 2023. The year-over-year increase of $24.1 million was due primarily to higher sales volumes. Gross margin as a percentage of net sales is 11.7% for the six months ended September 28, 2024, as compared to 16.1% for the six months ended September 30, 2023.“Second quarter results reflect continued positive volume momentum in our core business, as case volumes were up 9.9% in the first six months year-over-year when excluding co-pack business,...

–  Closed Plus Disposition Pipeline Totaled $950 Million at a Cash Cap Rate of 7.1%–  Achieved $85 Million in Cost Synergies, Significantly Exceeding Initial Projection of $75 Million–  Reduced Net Debt by $445 Million Year-to-Date; Net Debt to Adjusted EBITDA Improves to 8.0x–  $371 Million Disposition Pipeline Will Further Reduce Outstanding Debt–  Increased Portfolio Occupancy from 94% to 96% Quarter-Over-Quarter–  GNL Reaffirms its Full-Year 2024 Guidance NEW YORK, Nov. 06, 2024 (GLOBE NEWSWIRE) — Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”), an internally managed real estate investment trust that focuses on acquiring and managing a globally diversified portfolio of strategically located commercial real estate properties, announced today its financial and operating results...

Updates Full Year 2024 Financial Guidance RADNOR, Pa., Nov. 06, 2024 (GLOBE NEWSWIRE) — Certara, Inc. (Nasdaq: CERT), a global leader in model-informed drug development, today reported its financial results for the third quarter of fiscal year 2024. Third Quarter Highlights:Revenue was $94.8 million, compared to $85.6 million in the third quarter of 2023, representing growth of 11%.Software revenue was $35.9 million, compared to $31.3 million in the third quarter of 2023, representing growth of 15%. Services revenue was $58.9 million, compared to $54.2 million in the third quarter of 2023, representing growth of 9%.Net loss was $1.4 million, compared to a net loss of $49.0 million in the third quarter of 2023.The $47.6 million increase was primarily due to a $47.0 million decrease in goodwill impairment expense.Adjusted...

Allentown, PA, Nov. 06, 2024 (GLOBE NEWSWIRE) — CrossAmerica Partners LP Reports Third Quarter 2024 ResultsReported Third Quarter 2024 Net Income of $10.7 million, Adjusted EBITDA of $43.9 million and Distributable Cash Flow of $27.1 million compared to Net Income of $12.3 million, Adjusted EBITDA of $44.2 million and Distributable Cash Flow of $31.4 million for the Third Quarter 2023 Reported Third Quarter 2024 Gross Profit for the Retail Segment of $83.6 million compared to $67.6 million of Gross Profit for the Third Quarter 2023 and Third Quarter 2024 Gross Profit for the Wholesale Segment of $27.6 million compared to $32.9 million of Gross Profit for the Third Quarter 2023 Leverage, as defined in the CAPL Credit Facility, was 4.21 times as of September 30, 2024, compared to 4.39 times as of June 30, 2024 The Distribution...

Strong Operating Cash Flows of $47.2 Million MONTRÉAL, Nov. 06, 2024 (GLOBE NEWSWIRE) — Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE) today announced its consolidated financial results for the third quarter of 2024. Amounts presented are in Canadian dollars, except where otherwise noted. Highlights18,408 gold equivalent ounces (“GEOs1”) earned (23,292 GEOs in Q3 20232); Revenues from royalties and streams of $57.3 million ($62.1 million in Q3 2023), exclusive of 1,595 GEOs earned but not sold due to quarter-end timing; Cash flows generated by operating activities of $47.2 million ($43.5 million in Q3 2023); Quarterly cash margin3 of 55.1 million or 96.3%; Net earnings of $18.3 million, $0.10 per basic share (net loss of $20.0 million, $0.11 per basic share in Q3 2023); Adjusted earnings4 of $28.8...

Dallas, Texas, Nov. 06, 2024 (GLOBE NEWSWIRE) — Kronos Worldwide, Inc. (NYSE:KRO) today reported net income of $71.8 million, or $.62 per share, in the third quarter of 2024 compared to a net loss of $20.4 million, or $.18 per share, in the third quarter of 2023. For the first nine months of 2024, Kronos Worldwide reported net income of $99.4 million, or $.86 per share, compared to a net loss of $43.8 million, or $.38 per share, in the first nine months of 2023. Net income increased in the third quarter and first nine months of 2024 compared to the same periods in 2023 due to higher income from operations as a result of the effects of higher sales and production volumes, lower production costs (primarily energy and raw materials), partially offset by lower average TiO2 selling prices. Comparability of our results was also impacted...

Cost Management and Higher Occupancy Continue To Drive Positive Financial PerformanceRaises Full Year Financial Guidance BRENTWOOD, Tenn., Nov. 06, 2024 (GLOBE NEWSWIRE) — CoreCivic, Inc. (NYSE: CXW) (CoreCivic or the Company) announced today its third quarter 2024 financial results.   Financial Highlights – Third Quarter 2024Total revenue of $491.6 million, an increase of 2% Net income of $21.1 million, an increase of 52% Adjusted net income of $22.4 million, an increase of 44% Diluted earnings per share of $0.19; Adjusted Diluted EPS of $0.20 Normalized FFO per diluted share of $0.43, an increase of 23% Adjusted EBITDA of $83.3 million, an increase of 11%Damon T. Hininger, CoreCivic’s President and Chief Executive Officer, commented, “CoreCivic’s financial results for the third quarter of 2024 demonstrate...

Multiple clinical trial milestones were achieved, including encouraging topline data for a Phase 2 trial in CCM, the first patient dosed for a Phase 2 trial in recurrent C. difficile infection, and IND clearance for a Phase 1/2 trial in biomarker-enriched solid tumors and lymphoma (Target RBM39), which highlight a growing number of potential clinical program catalysts Our first neuroscience phenomap was optioned by Roche-Genentech for $30 million as part of a fee structure that could exceed a total of $500 million across multiple maps before program-specific milestones or royalties Entered into an expanded collaboration with Google Cloud to leverage technologies to support our drug discovery platform, which continues to highlight Recursion’s close partnership with leading technology companies like Google, NVIDIA, Tempus, and others The...

REVENUE AND ADJUSTED EBITDA GROWTH HIGHLIGHT CONTINUED PROGRESS TOWARDS ACHIEVING GROWTH TARGETS HIGHLIGHTSELECTRICITY SEGMENT REVENUES AND ADJUSTED EBITDA INCREASE DRIVEN BY SOLID OPERATIONAL EXECUTION AND A STRATEGICALLY EXPANDED GENERATION PORTFOLIO COMPANY NARROWS ITS FULL YEAR REVENUE GUIDANCE AND INCREASES ITS FULL YEAR ADJUSTED EBITDA GUIDANCE, FOLLOWING STRONG THIRD QUARTER RESULTS COMPANY ANNOUNCED IN OCTOBER THE COMMERCIAL OPERATION OF ITS LARGEST STORAGE PROJECT TO DATE AND PLANS TO COMPLETE THE PROJECT’S INVESTMENT TAX CREDIT TRANSFER BY END OF YEARRENO, Nev., Nov. 06, 2024 (GLOBE NEWSWIRE) — Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, today announced financial results for the third quarter ended September 30, 2024. KEY FINANCIAL RESULTS TBU  Q3 2024 Q3 2023 Change (%) 9 months...

SAN MATEO, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) — Freshworks Inc. (NASDAQ: FRSH), the provider of people-first AI service software, today announced financial results for its third quarter ended September 30, 2024. “Freshworks delivered a strong third quarter, with revenue growing 22% year over year to $186.6 million, net cash provided by operating activities margin improving to 23%, and free cash flow margin improving to 21%,” said Dennis Woodside, CEO & President of Freshworks. “We continue to see mid-market and enterprise companies choose Freshworks as the AI-powered service platform that enables them to scale with exceptional customer and employee experiences.” Third Quarter 2024 Financial Summary ResultsRevenue: Total revenue was $186.6 million, representing growth of 22% compared to total revenue of $153.6 million...