Day: December 5, 2024

SAIC Announces Third Quarter of Fiscal Year 2025 Results

Written by Customer Service on December 5, 2024. Posted in Earnings Releases And Operating Results.

Revenues of $1.98 billion; 4.3% revenue growth Net income of $106 million; Adjusted EBITDA(1) of $197 million or 10.0% of revenues Diluted earnings per share of $2.13; Adjusted diluted earnings per share(1) of $2.61 Cash flows provided by operating activities of $143 million; free cash flow(1) of $9 million Net bookings of $1.5 billion; book-to-bill ratio of 0.7; trailing twelve months book-to-bill ratio of 0.9 Company increases Fiscal Year 2025 guidance for Revenue and Adjusted Diluted EPS(1) and reaffirms midpoint of all other Fiscal Year 2025 financial guidance Board authorizes $1.2 billion share repurchase program, representing 20% of market valueRESTON, Va., Dec. 05, 2024 (GLOBE NEWSWIRE) — Science Applications International Corporation (NASDAQ: SAIC), a premier Fortune 500® technology integrator driving our nation’s...

Methode Electronics, Inc. Reports Fiscal 2025 Second Quarter Financial Results

Written by Customer Service on December 5, 2024. Posted in Earnings Releases And Operating Results.

Solid Net Sales Positive Pre-tax Income Over $50 Million in Program Awards Guidance Raised for Fiscal 2025 Adjusted Pre-tax Income Guidance Reaffirmed for Fiscal 2026CHICAGO, Dec. 05, 2024 (GLOBE NEWSWIRE) — Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, lighting and power distribution applications, today announced financial results for the second quarter of fiscal 2025 ended November 2, 2024. Fiscal Second Quarter 2025 HighlightsNet sales were $292.6 million Electric and hybrid vehicle applications were 20% of net sales Pre-tax income was $1.6 million; Adjusted pre-tax income was $6.2 million Tax expense of $3.2 million primarily due to an increase in valuation allowance for U.S deferred tax assets Net loss was $1.6 million, or $0.05 per diluted share Adjusted...

Virtune announces a change of the underlying crypto asset for Virtune Polygon ETP from Polygon (MATIC) to Polygon Ecosystem Token (POL)

Written by Customer Service on December 5, 2024. Posted in Public Companies.

Stockholm, December 5, 2024 – Virtune announces that following Polygon’s upgrade to enhance its native token’s utility and support a growing network of blockchains, Polygon (MATIC) will be replaced by Polygon Ecosystem Token (POL) as the underlying crypto asset for Virtune Polygon ETP (ISIN code: SE0021630217, ticker name: VIRPOLY) today on the 5th of December 2024. Notice of changed terms and conditionsEffective as of today 5th of December 2024, the underlying crypto asset for VIRPOLY will be converted from Polygon (MATIC) to Polygon Ecosystem Token (POL). Please note that the change of the underlying crypto asset of this ETP will not impact investors, other than the switch of the underlying asset to POL, which correlates with the value development of MATIC. No action is required from the investors. The ETP will continue...

Food Waste Management Market Size to Reach USD 106 Billion By 2031 | SkyQuest Technology

Written by Customer Service on December 5, 2024. Posted in Mergers And Acquisitions.

Westford, USA, Dec. 05, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the global food waste management market share will reach a value of USD 106 Billion by 2031, with a CAGR of 5.4% during the forecast period (2024-2031). The food waste management market growth is driven by the growing population and increasing levels of production and consumption. Further, the market growth has increased due to shifts in consumer preferences and tastes. Thus, in many countries such as South Africa, United Arab Emirates, and Saudi Arabia, the COVID-19 pandemic poses a serious threat to food security and nutrition. Supply chain disruptions due to roadblocks, transit restrictions, and quarantining processes helped promote the market. Delays due to such factors, especially witnessed skyrocketing food wastage cases, particularly for perishable agricultural...

Kimco Realty® Announces Waiver of Condition for the Receipt of the Requisite Preferred Shareholder Consents and Extension of Cash Tender Offer to Purchase All of Its Outstanding Depositary Shares Representing 1/1,000 of a Share of 7.25% Class N Cumulative Convertible Perpetual Preferred Stock and Consent Solicitation

Written by Customer Service on December 5, 2024. Posted in Public Companies.

JERICHO, N.Y., Dec. 05, 2024 (GLOBE NEWSWIRE) — Kimco Realty Corporation (NYSE: KIM) (the “Company”) today announced that it has waived the condition for the receipt of the Requisite Preferred Shareholder Consents (as defined below), relating to its tender offer to purchase for cash any and all of its outstanding depositary shares (each, a “Security”, and collectively, the “Securities”) representing 1/1,000 of a share of the Company’s 7.25% Class N Cumulative Convertible Perpetual Preferred Stock, par value $1.00 per share (the “Class N Preferred Stock”), at a price per Security of $62.00, plus any accrued and unpaid dividends (the “Offer”) and concurrent consent solicitation (the “Consent Solicitation”). Previously, acceptance for payment of any Securities in the Offer was conditioned upon the valid tender (without proper withdrawal)...

Stantec appointed to Thames Water’s £400 million Asset, Capital, and Engineering Framework

Written by Customer Service on December 5, 2024. Posted in Public Companies.

The firm will support Thames Water on five lots providing interdisciplinary services throughout the AMP8 period LONDON, Dec. 05, 2024 (GLOBE NEWSWIRE) — TSX, NYSE:STN Stantec, a global leader in sustainable design and engineering, has been selected by Thames Water to provide services for its Asset, Capital, and Engineering Professional Services Framework. The firm has been named as a supplier on five lots on the £400 million framework and will now provide the water company with a range of interdisciplinary engineering, environmental, and program management services throughout asset management period eight (AMP8), spanning 2025-2030. Thames Water manages water and wastewater for more than 16 million customers across London and the Thames Valley. Stantec will support Thames Water through this framework, which runs for an initial...

BioRestorative Therapies Announces Notice of Allowance of Key New Patent Protecting ThermoStem® Metabolic Disease Program

Written by Customer Service on December 5, 2024. Posted in Public Companies.

– Covers cGMP manufacturing processes – – Expected to provide protection until April 29, 2040 – MELVILLE, N.Y., Dec. 05, 2024 (GLOBE NEWSWIRE) — BioRestorative Therapies, Inc. (“BioRestorative”, “BRTX” or the “Company”) (NASDAQ:BRTX), a clinical stage regenerative medicine innovator focused on stem cell-based therapies and products, is pleased to announce that the European Patent Office has issued a Notice of Allowance for a new patent application (European Patent Appl. No. 20798130.9) covering key aspects of the Company’s allogeneic, off-the-shelf ThermoStem® metabolic disease platform. Claims granted under the new patent cover a method of making a non-naturally occurring three-dimensional brown adipose derived stem cell aggregate. “This patent allowance further validates the novel advancements we have made in our metabolic disease...

Lands’ End Announces Third Quarter 2024 Results

Written by Customer Service on December 5, 2024. Posted in Earnings Releases And Operating Results.

Gross margin increased approximately 360 basis points compared to the third quarter last yearAll profitability measures improved when compared to third quarter last yearReduced inventory for the seventh consecutive quarter DODGEVILLE, Wis., Dec. 05, 2024 (GLOBE NEWSWIRE) — Lands’ End, Inc. (NASDAQ: LE) today announced financial results for the third quarter ended November 1, 2024. Andrew McLean, Chief Executive Officer, stated, “Throughout the third quarter, we sustained momentum from our deliberate efforts to drive higher quality sales, resulting in growth in both gross margin and gross profit dollars. Our sharp focus on innovation and creating solutions for life’s every journey is supporting the continued evolution of our strategy and brand. In addition to serving our loyal existing customers, our new customer acquisition increased...

Hooker Furnishings Reports Third Quarter Results Impacted By Multiple Charges

Written by Customer Service on December 5, 2024. Posted in Earnings Releases And Operating Results.

MARTINSVILLE, Va., Dec. 05, 2024 (GLOBE NEWSWIRE) — Hooker Furnishings Corporation (NASDAQ-GS: HOFT) (the “Company” or “HFC”), a global leader in the design, production, and marketing of home furnishings for 100 years, today reported its fiscal 2025 third quarter operating results for the period beginning July 29 and ending October 27, 2024. Fiscal 2025 Third Quarter OverviewResults for the third quarter were driven by continued macro-economic and industry-wide headwinds which resulted in low demand and $7.5 million in charges ($4.4 million net of tax based on the effective tax rate in the third quarter), including restructuring costs related to the Company’s previously announced cost savings plan ($3.1 million of mostly severance), the bankruptcy of a significant customer ($2.4 million of bad debt expense) and non-cash trade-name...

Santech Holdings Limited Announces 180-Day Extension to Regain Compliance with Nasdaq Minimum Bid Requirement

Written by Customer Service on December 5, 2024. Posted in Public Companies.

HONG KONG, Dec. 05, 2024 (GLOBE NEWSWIRE) — Santech Holdings Limited (NASDAQ: STEC) (“Santech” or the “Company”) announced today that it has received an extension of the period to regain compliance with The Nasdaq Stock Market Inc.’s (the “Nasdaq”) the minimum bid price requirement (the “Minimum Bid Price Requirement”). On December 4, 2024, the Company received a letter from the staff of the Listing Qualifications Department of Nasdaq notifying the Company that, while the Company has not regained compliance with the Minimum Bid Price Requirement, Nasdaq has determined that the Company is eligible for an additional 180 calendar day period, or until May 26, 2025, (the “Second Compliance Period”) to regain compliance. Nasdaq’s determination was in part based on (i) the Company meeting the applicable market...

Day: December 5, 2024

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