Year: 2024

Third Quarter Highlights and Recent DevelopmentsThird quarter revenue of $10.1 million, in-line with prior target Industry veteran Yann Brandt joined as CEO Announced 1GW tracker supply agreement with Dunlieh Energy Announced multi-year agreement with Strata Clean Energy for 500mw, expandable to 1GW+ Provided incremental project detail on 1GW of projects with Sandhills Energy Post quarter-end, received $4.7 million earn-out on prior investment Entered into binding term sheet for $15 million promissory note to strengthen balance sheetAUSTIN, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) — FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, today announced financial results for the third quarter ending September 30, 2024, which were in line with the company’s prior targets. “I’m excited to have begun my tenure...

Completed Acquisition of Sterling on October 31; Maintains Standalone Full-Year 2024 Guidance and Issues Combined Company Guidance including Sterling Third Quarter 2024 Highlights1Revenues of $199.1 million Net Loss of $(8.9) million, a net loss margin of (4.4)%, includes $13.2 million of expenses incurred related to the acquisition of Sterling Check Corp. (“Sterling”) Adjusted Net Income of $38.0 million Adjusted EBITDA of $64.0 million; Adjusted EBITDA Margin of 32.2% GAAP Diluted Net Loss Per Share of $(0.06), includes $0.07 per share of expenses incurred related to the Sterling acquisition Adjusted Diluted Earnings Per Share of $0.26 Cash Flows from Operations of $43.5 million; Cash Flows from Operations would have been $45.3 million after adjusting for $1.8 million of cash costs directly associated with the Sterling acquisition Announced...

LOS ANGELES, Nov. 12, 2024 (GLOBE NEWSWIRE) — Crescent Capital BDC, Inc. (“Crescent BDC” or “Company”) (NASDAQ: CCAP) today reported net investment income of $0.64 per share and net income of $0.41 per share for the quarter ended September 30, 2024. Reported net asset value per share was $20.20 as of September 30, 2024. Dividend Declarations   The Company’s Board of Directors (the “Board”) declared a fourth quarter 2024 regular cash dividend of $0.42 per share to stockholders of record as of December 31, 2024, payable on January 15, 2025. The Board also announced a third quarter 2024 supplemental cash dividend of $0.07 per share to stockholders of record as of November 29, 2024, payable on December 16, 2024.   Selected Financial Highlights($ in millions, except per share amounts)    As of and for the three months ended    September...

Solid execution and cost disciplinePoised for next phase of Transformational Journey Third Quarter 2024 Financial Highlights:Net Revenues of $1,333 million for the third quarter of 2024 were down 3% compared to $1,379 million in the third quarter of 2023 and were approximately flat compared to $1,338 million in the second quarter of 2024. Net Loss from continuing operations of $213 million for the third quarter of 2024 compared to net income of $28 million in the third quarter of 2023 and net income of $20 million in the second quarter of 2024. Adjusted EBITDA1 of $214 million for the third quarter of 2024 compared to $227 million in the third quarter of 2023 and $183 million in the second quarter of 2024. Diluted loss per share from continuing operations of $1.18 for the third quarter of 2024 compared to diluted earnings per share of...