Day: November 7, 2024

Dallas, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) — Valhi, Inc. (NYSE: VHI) reported net income attributable to Valhi stockholders of $57.5 million, or $2.01 per share, in the third quarter of 2024 compared to a net loss of $5.8 million, or $.21 per share, in the third quarter of 2023. For the first nine months of 2024, Valhi reported net income attributable to Valhi stockholders of $85.2 million, or $2.99 per share, compared to a net loss of $14.8 million, or $.52 per share, in the first nine months of 2023. Net income attributable to Valhi stockholders increased in the third quarter and first nine months of 2024 as compared to the same periods in 2023 primarily due to higher operating results from the Chemicals Segment and a non-cash gain discussed below. As previously reported, effective July 16, 2024, the Chemicals Segment acquired...

BOSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) — DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced results for the third quarter of 2024. The Company also posted a third quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com. Third Quarter 2024 Highlights For the three months ended September 30, 2024, DraftKings reported revenue of $1,095 million, an increase of $306 million, or 39%, compared to $790 million during the same period in 2023. The increase in the Company’s third quarter 2024 revenue was driven primarily by continued healthy customer engagement, efficient acquisition of new customers, the expansion of the Company’s Sportsbook product offering into new jurisdictions, higher structural sportsbook hold percentage, improved...

Strong Year-Over-Year Revenue Growth of 9.5%; Robust Year-Over-Year Revenue Growth on a Constant Currency Basis of 13.5% Net Income of $20 Million; Solid Adjusted EBITDA of $28.9 Million Represented a Significant Increase Year-Over-Year LOS ANGELES, Nov. 07, 2024 (GLOBE NEWSWIRE) — WEBTOON Entertainment Inc. (Nasdaq: WBTN) (“WEBTOON” or “the Company”), a leading global entertainment company and home to some of the world’s largest storytelling platforms, today announced results for its third quarter ending September 30, 2024. More information about this quarter’s results can be found in the Company’s shareholder letter on the investor relations section of its website. Third Quarter 2024 Highlights (vs. 3Q 2023)Total revenue of $347.9 million grew 9.5% driven by strong growth in Paid Content and Advertising, partially offset by...

Quarterly revenue of $688 million; GAAP EPS of $0.18 and adjusted EPS of $0.61 DALLAS, Nov. 07, 2024 (GLOBE NEWSWIRE) — AMN Healthcare Services, Inc. (NYSE: AMN), the leader and innovator in total talent solutions for healthcare organizations across the United States, today announced its third quarter 2024 financial results. Financial highlights are as follows: Dollars in millions, except per share amounts.  Q3 2024 % Change Q3 2023 YTD September 30, 2024 % Change YTD September 30, 2023Revenue $687.5 (19%) $2,249.1 (24%)Gross profit $213.1 (26%) $700.4 (29%)Net income $7.0 (87%) $40.6 (80%)GAAP diluted EPS $0.18 (87%) $1.06 (79%)Adjusted diluted EPS* $0.61 (69%) $2.56 (63%)Adjusted EBITDA* $73.9 (45%) $265.6 (44%)* See “Non-GAAP Measures” below for a discussion of our use of non-GAAP items and the table...

First quarter fiscal 2025 net sales of $85.1 million, up 4% on a year-over-year basisFirst quarter fiscal 2025 gross margin increase of 630 basis points year-over-year to 43.9%Reported net loss of $5 million and improved adjusted EBITDA1 of $1.4 million FORT WORTH, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) — Farmer Bros. Co. (NASDAQ: FARM) today reported its first quarter fiscal 2025 financial results for the period ended Sept. 30, 2024. The company filed its Form 10-Q, which can be found on the Investor Relations section of the company’s website. “We are encouraged by the improvements we saw during the first quarter, particularly in terms of gross margins and adjusted EBITDA on a year-over-year basis, as well as positive trends related to sales and customer growth and retention,” said Farmer Brothers President and Chief Executive...

– Delivered Continued Revenue and Profitability Growth While Executing on Strategic Initiatives – – Third Quarter 2024 Total Revenue Grows 33% Year-over-Year to $28.1 Million – – Due to Non-Cash Increase in Warrant Liability of $8.7M; GAAP Net Loss of $5.1M – – Adjusted Net Income Grows 65% Year-over-Year to $14.9 Million – – Adjusted EBITDA Grows 54% Year-over-Year to $16.7 Million – ORLANDO, Fla., Nov. 07, 2024 (GLOBE NEWSWIRE) — Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a pioneering global alternative asset manager specializing in leveraging longevity data and actuarial technology to offer uncorrelated investment opportunities, today reported results for the third quarter ended September 30, 2024. “It was another great quarter for Abacus as we continued...

FARGO, N.D., Nov. 07, 2024 (GLOBE NEWSWIRE) — NI Holdings, Inc. (NASDAQ: NODK) announced today results for the quarter ended September 30, 2024. Summary of Third Quarter 2024 Results – Continuing Operations(All comparisons vs. continuing operations for the third quarter of 2023, unless noted otherwise)Direct written premiums of $67.7 million compared to $67.9 million. This slight reduction was driven by Non-Standard Auto (-35.8%) due to lower new business and retention, partially offset by Home and Farm (11.6%) driven by higher rate and insured values along with new business growth in North Dakota. Net earned premiums of $83.3 million, up 9.0%. Combined ratio of 111.0% versus 100.8%, driven by increased non-catastrophe weather-related losses in Home and Farm, partially offset by improved performance in Private Passenger Auto....

– Third Quarter Net Revenue of $94.4 million, up 60% Year-over-Year –– Net Income was $3.4 million compared to a Net Loss of ($3.6) in prior year –– Adjusted EBITDA was $16.3 million compared to $1.0 in prior year –– Raising Full Year 2024 EBITDA Guidance Again on Continued Execution Strength –– Repurchased $10.1 Million of Common Shares in the Third Quarter – WHITE PLAINS, N.Y., Nov. 07, 2024 (GLOBE NEWSWIRE) — Turtle Beach Corporation (Nasdaq: HEAR), a leading gaming accessories brand, today reported financial results for the third quarter ended September 30, 2024. Third Quarter HighlightsNet revenue was $94.4 million, an increase of 60% compared to the prior year period. Net income was $3.4 million or $0.16 per diluted share compared to a net loss of $(3.6) million or $(0.21) net loss per diluted share in the prior year period. Adjusted...

First Quarter Net Revenue of $34.4 Million, up 4 Percent Year-Over-Year First Quarter GAAP EPS of ($0.07) vs. ($0.05) in the Prior Year First Quarter Non-GAAP EPS of $0.06 vs. $0.07 in the Prior YearIRVINE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity IoT solutions, today reported results for its first quarter of fiscal 2025. Net revenue totaled $34.4 million, up 4 percent year-over-year and down sequentially as expected. GAAP EPS of ($0.07), compared to ($0.05) in the prior year and $0.01 in the prior quarter. Non-GAAP EPS of $0.06, compared to $0.07 in the prior year and $0.15 in the prior quarter. Business Outlook For the second fiscal quarter of 2025, the company expects revenue in a range of $29.0 million to $33.0 million and non-GAAP EPS of $0.01 to...

Pre-Tax Income of $14.1 millionDiluted EPS of $0.52 TAMPA, Fla., Nov. 07, 2024 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, reported pre-tax income of $14.1 million and net income of $9.4 million in the third quarter of 2024. Net income after noncontrolling interests was $5.7 million compared with $13.2 million in the third quarter of 2023. Diluted earnings per share were $0.52 in the third quarter of 2024, compared with $1.34 diluted earnings per share, in the third quarter of 2023. Adjusted net income (a non-GAAP measure which excludes net unrealized gains or losses on equity securities) for the third quarter of 2024 was $8.9 million, or $0.47 diluted earnings per share compared with adjusted net income...