Year: 2024

Third Quarter HighlightsQuarterly net income available to common stockholders of $62.1 million or $1.44 per common share Adjusted earnings available to common stockholders of $50.6 million or $1.17 adjusted diluted earnings per common share (non-GAAP), which excludes:Gain on sale, net, of $29.7 million due to the sale of Rocky Mountain Bank branches in Montana. Loss on security sales of $9.5 million. Loss on fixed assets of $2.9 million due to branch closures and write-downs on properties listed for sale.Common equity to total assets increased to 11.11%; while the tangible common equity ratio (non-GAAP) improved 86 basis points to 8.14%. Net interest margin, full tax-equivalent (non-GAAP) increased to 3.78% for the quarter ended September 30, 2024 up from 3.73% for the quarter ended June 30, 2024. Nonperforming loans were $69.9...

SALT LAKE CITY, Oct. 29, 2024 (GLOBE NEWSWIRE) — LifeVantage Corporation (Nasdaq: LFVN), a leading health and wellness company with products designed to activate optimal health processes at the cellular level, today reported financial results for its first fiscal quarter ended September 30, 2024. First Quarter Fiscal 2025 Summary*:Revenue of $47.2 million, a decrease of 8.1% from the prior year period. Excluding the negative impact of foreign currency fluctuations, first quarter revenue was down approximately 7.7%; Revenue in the Americas decreased 4.2%, and revenue in Asia/Pacific & Europe decreased 19.7%. Excluding the negative impact of foreign currency fluctuations, first quarter revenue in Asia/Pacific & Europe decreased approximately 18.7%; Net income per diluted share was $0.14, versus $0.05 per diluted share...

JACKSONVILLE, Fla., Oct. 29, 2024 (GLOBE NEWSWIRE) — Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) today reported basic and diluted earnings per share (“EPS”) of $1.41 in the 2024 third quarter on revenue of $1.214 billion. “Consistent with the first half of 2024, the freight environment during the third quarter remained challenging. The Landstar team of independent business owners and employees continued to perform admirably given this backdrop,” said Landstar President and Chief Executive Officer Frank Lonegro. “I was encouraged that Landstar achieved a 3.2% sequential increase in truck revenue per load compared to the 2024 second quarter, outperforming typical seasonality. This result was driven by a strong month-over-month truck revenue per load increase in July, but tapered off as we moved through August...

Net Revenues increased +1.9%Organic Net Revenue1 grew +5.4% Volume/Mix grew +0.3% Diluted EPS declined -12.5% to $0.63Adjusted EPS1 on a constant currency basis up +28.6% to $0.99 YTD cash from operating activities $3.5 billionYTD Free Cash Flow1 $2.5 billion Agreed to acquire a majority stake in Evirth CHICAGO, Oct. 29, 2024 (GLOBE NEWSWIRE) — Mondelēz International, Inc. (Nasdaq: MDLZ) today reported its third quarter 2024 results. “We posted robust results for Q3, with accelerated top-line growth, strong earnings and attractive cash flow generation. These results were driven by our commitment to executing with excellence across our categories, markets and brands,” said Dirk Van de Put, Chair and Chief Executive Officer. “We remain focused on reinvesting behind our brands, driving distribution, expanding our capabilities and...

NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) — Medallion Financial Corp. (NASDAQ: MFIN, “Medallion” or the “Company”), a specialty finance company that originates and services loans in various consumer and commercial industries, as well as offers loan products and services through fintech strategic partners, announced today its results for the quarter ended September 30, 2024. 2024 Third Quarter HighlightsNet income was $8.6 million, or $0.37 per share, compared to $11.2 million, or $0.48 per share, in the prior year quarter. Net interest income grew 8% to $52.7 million from $48.8 million in the prior year quarter. Net interest margin on gross loans was 8.11%, compared to 8.35% in the prior year quarter, and on net loans it was 8.42%, compared to 8.64% in the prior year quarter. Loan originations were $275.6 million, compared to...

Delivered stronger-than-expected profitability driven by disciplined approach to operational efficiency Surpassed $500 million in Udemy Business Annual Recurring Revenue Raises Full Year 2024 Outlook SAN FRANCISCO, Oct. 29, 2024 (GLOBE NEWSWIRE) — Udemy (Nasdaq: UDMY), a leading online skills marketplace and learning platform, today reported results for the three-month period ended September 30, 2024. Udemy has provided a supplemental deck with earnings highlights, which is available for download on the “Quarterly Results” section of the Investor Relations website. Third Quarter 2024 Financial Results and Key Operating Data Summary(in millions, except customers, percentages, and basis points)  Three Months Ended September 30,   % Change   Nine Months Ended September 30,   % Change  2024   2023   YoY   2024   2023   YoYRevenue $ 195.4       $ 184.7       6   %   $ 586.6       $ 539.4       9   %Gross...

MINNEAPOLIS, Oct. 29, 2024 (GLOBE NEWSWIRE) — CVRx, Inc. (NASDAQ: CVRX) (“CVRx”), a commercial-stage medical device company focused on developing, manufacturing and commercializing innovative neuromodulation solutions for patients with cardiovascular diseases, today announced its financial and operating results for the third quarter of 2024. Recent HighlightsTotal revenue for the third quarter 2024 was $13.4 million, an increase of 27% over the prior year quarter U.S. Heart Failure (HF) revenue for the third quarter of 2024 was $12.2 million, an increase of 30% over the prior year quarter Active implanting centers in the U.S. were 208, an increase of 31% over the prior year quarter Final Inpatient Prospective Payment System rule confirmed the reassignment of Barostim to MS-DRG 276, increasing payment to hospitals from approximately...

Annual recurring revenues grew 18% year-over-yearSaaS ARR as a percentage of total ARR was approximately 43%Year-to-date cash from operations generated $90.9 million vs. $49.0 million last yearYear-to-date free cash flow generated $88.6 million vs. $46.0 million last year NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, today announced financial results for the third quarter ended September 30, 2024. Yaki Faitelson, Varonis CEO, said, “We are encouraged by the many tailwinds that are contributing to the strong growth in our business, and our third quarter results reflect the continued strong adoption of our SaaS platform and positive momentum from our Managed Data Detection and Response offering.” Guy Melamed, Varonis CFO & COO, added, “The robust demand for...

HOUSTON, Oct. 29, 2024 (GLOBE NEWSWIRE) — Skyward Specialty Insurance Group, Inc. (Nasdaq: SKWD) (“Skyward Specialty” or the “Company”) today reported third quarter 2024 net income of $36.7 million, or $0.89 per diluted share, compared to $21.7 million, or $0.57 per diluted share, for the same 2023 period. Net income for the first nine months of 2024 was $104.4 million, or $2.53 per diluted share, compared to $56.7 million, or $1.50 per diluted share, for the same 2023 period. Adjusted operating income(1) for the third quarter of 2024 was $29.4 million, or $0.71 per diluted share, compared to $25.0 million, or $0.65 per diluted share, for the same 2023 period. Adjusted operating income(1) for the first nine months of 2024 was $93.4 million, or $2.26 per diluted share, compared to $56.5 million, or $1.49 per diluted share, for the...

Portage, Michigan, Oct. 29, 2024 (GLOBE NEWSWIRE) — reported operating results for the third quarter of 2024: Third Quarter ResultsReported net sales increased 11.9% to $5.5 billion Organic net sales increased 11.5% Reported operating income margin of 19.7% Adjusted operating income margin(1) increased 130 bps to 24.7% Reported EPS increased 20.0% to $2.16 Adjusted EPS(1) increased 16.7% to $2.87  Third Quarter Net Sales Growth Overview  Reported   Foreign Currency Exchange   Constant Currency   Acquisitions / Divestitures   OrganicMedSurg and Neurotechnology         12.8         %           (0.1)        %           12.9         %           0.2         %           12.7         %Orthopaedics and Spine         10.7                     (0.1)                      10.8                     1.1                     9.7          Total         11.9         %           (0.1)        %           12.0         %           0.5         %           11.5         %“We...