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Year: 2024

Berry Corporation Reports Third Quarter 2024 Results

Refinances Debt, Announces Uinta Basin Opportunities, and Declares Quarterly Dividend DALLAS, Nov. 07, 2024 (GLOBE NEWSWIRE) — Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) today reported third quarter 2024 results and quarterly fixed dividends totaling $0.03 per share. The Company also announced entry into a new $545 million term loan facility that will enable the successful completion of a transformative debt refinancing. The details for today’s earnings call, also accessible by webcast, are listed below. Quarterly HighlightsThird quarter production averaged 24,800 BOE per day, with production increasing at the end of the quarter as additional wells were brought online Annual 2024 production expected to reach the mid-point of guidance of 24,600 to 25,800 BOE per day Increased Free Cash Flow(1) 55% quarter...

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Steve Madden Announces Third Quarter 2024 Results

LONG ISLAND CITY, N.Y., Nov. 07, 2024 (GLOBE NEWSWIRE) — Steven Madden, Ltd. (Nasdaq: SHOO), a leading designer and marketer of fashion-forward footwear, accessories and apparel, today announced financial results for the third quarter ended September 30, 2024. Amounts referred to as “Adjusted” are non-GAAP measures that exclude the items defined as “Non-GAAP Adjustments” in the “Non-GAAP Reconciliation” section. Third Quarter 2024 ResultsRevenue increased 13.0% to $624.7 million, compared to $552.7 million in the same period of 2023. Gross profit as a percentage of revenue was 41.5%, compared to 42.1% in the same period of 2023. Adjusted gross profit as a percentage of revenue was 41.6% in the third quarter of 2024. Operating expenses as a percentage of revenue were 28.6%, compared to 27.1% in the same period of 2023. Adjusted...

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OLAPLEX Reports Third Quarter 2024 Results

Revises Fiscal Year 2024 Guidance NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) — Olaplex Holdings, Inc. (NASDAQ: OLPX) (“OLAPLEX” or the “Company”) today announced financial results for the third quarter and nine months ended September 30, 2024. Amanda Baldwin, OLAPLEX’s Chief Executive Officer, commented: “This year has been dedicated to transformation and we continue to make strides on our plan to prioritize product innovation and the Professional community. While we have seen meaningful progress against our strategic goals, we have revised our outlook for fiscal year 2024 as the trajectory of our transformation has shifted, with a particular focus on the realignment of our international business. We continue to focus on initiatives aimed at building a healthier business, including new sales and marketing...

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Playtika Holding Corp. Reports Q3 2024 Financial Results

Revenue of $620.8 million and Direct-to-Consumer (“DTC”) Revenue of $174.4 millionDTC Platforms Revenue Increased 0.4% Sequentially and 8.3% Year Over YearGAAP Net Income of $39.3 million and Credit Adj. EBITDA of $197.2 millionPreviously Announced Acquisition of SuperPlay Expected to Close in Q4 HERZLIYA, Israel, Nov. 07, 2024 (GLOBE NEWSWIRE) — Playtika Holding Corp. (NASDAQ: PLTK) today released financial results for its third quarter for the period ending September 30, 2024. Financial HighlightsRevenue of $620.8 million decreased (1.0)% sequentially and (1.5)% year over year. DTC platforms revenue of $174.4 million increased 0.4% sequentially and 8.3% year over year. Net income of $39.3 million decreased (54.6)% sequentially and increased 3.7% year over year. Credit Adjusted EBITDA of $197.2 million increased 3.2% sequentially...

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Outbrain Announces Third Quarter 2024 Results

Reports strong quarter, achieving Q3 guidance on Ex TAC gross profit, exceeding Adjusted EBITDA expectations; improved margins and profitability, and generating positive cash flow for 5th consecutive quarter Increases outlook for Adjusted EBITDA for FY 2024 NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) — Outbrain Inc. (Nasdaq: OB), a leading technology platform that drives business results by engaging people across the Open Internet, announced today financial results for the quarter ended September 30, 2024. Third Quarter 2024 Key Financial Metrics:  Three Months Ended September 30,   Nine Months Ended September 30,(in millions USD)   2024     2023   % Change     2024       2023     % ChangeRevenue $ 224.2   $ 230.0   (3 )%   $ 655.3     $ 687.6     (5 )%Gross profit   48.9     46.4   5 %     136.0       131.6     3 %Net...

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Ocugen Secures $30 Million in Debt Funding

MALVERN, Pa., Nov. 07, 2024 (GLOBE NEWSWIRE) — Ocugen, Inc. (Ocugen or the Company) (NASDAQ: OCGN), a biotechnology company focused on discovering, developing, and commercializing novel gene and cell therapies, biologics, and vaccines, today announced that on November 6, 2024, the Company entered into a new $30 million credit facility with Avenue Venture Opportunities Fund, L.P., a fund of Avenue Capital Group. Proceeds from the facility are intended for general corporate purposes, capital expenditures, working capital, and general and administrative expenses. The credit facility, which has a term of 4 years, provided $30 million fully funded on the closing date. “We are pleased to enter into this relationship with Avenue Capital Group that provides what we believe is a shareholder-friendly financing for the Company,” said Dr....

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Aveanna Healthcare Holdings Announces Third Quarter 2024 Financial Results and Revised 2024 Outlook

Third Quarter Revenue was $509.0 million, a 6.5% increase over the prior year periodGross margin increased 8.4% to $159.7 million, compared to Q3 2023Third Quarter Net loss was $42.8 million, compared to net loss of $102.4 million in the comparable prior year periodAdjusted Net income was $4.6 million, an increase of $9.3 million over the comparable prior year periodAdjusted EBITDA was $47.8 million, a 32.2% increase as compared to the prior year period Full Year 2024 Revenue guidance raised to approximately $2.0 billionFull Year 2024 Adjusted EBITDA guidance raised to greater than $168 millionATLANTA, Nov. 07, 2024 (GLOBE NEWSWIRE) — Aveanna Healthcare Holdings Inc. (NASDAQ: AVAH), a leading, diversified home care platform focused on providing care to medically complex, high-cost patient populations, today announced...

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TC Energy reports solid third quarter 2024 operating and financial results

Southeast Gateway makes significant progress toward completion with estimated capital expenditures11 per cent lower to US$3.9 to US$4.1 billionOverall net capital expenditure outlook for 2024 revised eight per cent lower to $7.4 to $7.7 billion reflecting project execution and optimization CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) released its third quarter results today. François Poirier, TC Energy’s President and Chief Executive Officer commented, “Following strong asset performance driven by our focus on safety and operational excellence and reflecting the increase in segmented earnings during the first nine months of 2024, we now expect comparable EBITDA1 to be at the upper end of our 2024 outlook.” Poirier continued, “Our Southeast Gateway pipeline...

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MidCap Financial Investment Corporation Reports Financial Results for the Quarter Ended September 30, 2024

Results for the Quarter Ended September 30, 2024 and Other Recent Highlights:Net investment income per share for the quarter was $0.44, compared to $0.45 for the quarter ended June 30, 2024 Net asset value per share as of the end of the quarter was $15.10, a decrease of 0.5% compared to June 30, 2024, excluding the impact of the $0.20 per share special distribution paid to stockholders in connection with the Mergers(1) New investment commitments made during the quarter totaled $371 million(1)(2)(3) Gross fundings for the quarter, excluding revolver fundings(3)(4), totaled $288 million Net fundings, including revolvers(3)(4), totaled $222 million for the quarter Closed the Mergers with Apollo Senior Floating Rate Fund Inc. (“AFT”) and Apollo Tactical Income Fund Inc. (“AIF”) (1) , acquiring investments totaling $596 million, of which...

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Chairman Change at Utenos Trikotažas

    vember 7th, 2024 The Board of Utenos Trikotažas AB has appointed Vytautas Vaškys, a current board member, as the new Chairman. He succeeds Dovilė Tamoševičienė, who led the board for over three years and will now focus on new expansion projects within SBA Group, including strategic projects in the United States, while continuing to lead SBA Group’s Business Control Division. Vaškys, stepping into the role of Chairman, has been a board member of Utenos Trikotažas for nearly two years. In 2022, he temporarily served as the company’s CEO. Before that, he held board positions within Utenos Trikotažas and other SBA Group companies. Currently, he also heads SBA Group’s Business Risk Division. “The immediate priority is to implement the restructuring plan approved by the court in early October, which has already received...

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