Year: 2024

Gentex Reports Third Quarter 2024 Financial Results

Written by Customer Service on October 25, 2024. Posted in Public Companies.

ZEELAND, Mich., Oct. 25, 2024 (GLOBE NEWSWIRE) — Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass and fire protection technologies, today reported financial results for the three and nine months ended September 30, 2024. 3rd Quarter 2024 SummaryNet sales of $608.5 million, a new quarterly sales record, and a 6% increase compared to the third quarter of 2023, versus light vehicle production that was down 6% quarter over quarter in the Company’s primary markets Gross profit margin of 33.5%, an increase of 60 basis points from the second quarter of 2024 Income from operations of $125.7 million Net income of $122.5 million, an increase of 17% from the third quarter of 2023 Earnings per diluted share of $0.53, an increase of 18% from the third quarter of 2023 3.2 million...

Offshore Drilling Market to Expand at 8.2% CAGR through 2031 | SkyQuest Technology

Written by Customer Service on October 25, 2024. Posted in Mergers And Acquisitions.

The Offshore Drilling Market is set to soar as demand for natural gas and petroleum rises, fueled by depleting onshore resources. The Offshore Drilling Market is projected to grow from USD 105.37 billion in 2023 to USD 197.93 billion by 2031. Westford, USA, Oct. 25, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the Offshore Drilling market size will attain a value of USD 197.93 billion by 2031, with a CAGR of 8.2% over the forecast period (2024-2031). Growing demand for natural gas and petroleum and depletion of onshore resources are projected to bolster offshore drilling market growth in the future. The discovery of new offshore energy reserves across multiple regions of the world also creates new opportunities for offshore drilling providers going forward. Browse in-depth TOC on “Offshore Drilling Market” Pages...

Lakeland Financial Reports Third Quarter Net Income of $23.3 Million, Organic Loan Growth of 5% and Organic Deposit Growth of 4%

Written by Customer Service on October 25, 2024. Posted in Earnings Releases And Operating Results.

WARSAW, Ind., Oct. 25, 2024 (GLOBE NEWSWIRE) — Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, today reported net income of $23.3 million for the three months ended September 30, 2024, which represents a decrease of $1.9 million, or 8%, compared with net income of $25.3 million for the three months ended September 30, 2023. Diluted earnings per share were $0.91 for the third quarter of 2024 and decreased $0.07, or 7%, compared to $0.98 for the third quarter of 2023. On a linked quarter basis, net income increased $789,000, or 3%, from second quarter 2024 net income of $22.5 million. Diluted earnings per share increased $0.04, or 5%, from $0.87 on a linked quarter basis. Pretax pre-provision earnings, which is a non-GAAP measure, were $30.8 million for the three months ended September 30,...

Balchem Corporation Reports Third Quarter 2024 Financial Results

Written by Customer Service on October 25, 2024. Posted in Earnings Releases And Operating Results.

MONTVALE, N.J., Oct. 25, 2024 (GLOBE NEWSWIRE) — Balchem Corporation (NASDAQ: BCPC) reported today financial results for its 2024 fiscal third quarter ended September 30, 2024. For the quarter, the Company reported net sales of $239.9 million, net earnings of $33.8 million, adjusted EBITDA(a) of $64.4 million, and free cash flow(a) of $42.2 million. Ted Harris, Chairman, President and CEO of Balchem said, “We delivered strong third quarter financials with solid revenue growth and record earnings from operations and adjusted EBITDA. We continue to see excellent performance in our Human Nutrition and Health and Specialty Products segments, both delivering strong sales and earnings growth.” Third Quarter 2024 Financial Highlights:Net sales were $239.9 million, an increase of 4.3% compared to the prior year quarter. Adjusted EBITDA...

Leading Independent Proxy Advisory Firm Glass Lewis Joins ISS in Recommending that Territorial Shareholders Vote “FOR” Merger with Hope Bancorp

Written by Customer Service on October 25, 2024. Posted in Public Companies.

Glass Lewis Recognizes the Value Creation and Additional Upside that the Hope Bancorp Merger Provides to Territorial Shareholders Glass Lewis Acknowledges the Substantial Concerns and Risks Posed by Blue Hill’s Secrecy, Lack of Transparency and the Absence of Crucial, Material Information Glass Lewis Agrees with Board’s Decision Not to Consider the Blue Hill Preliminary Indication of Interest a Superior Proposal Territorial Board Urges Shareholders to Follow the Recommendations from Glass Lewis and ISS and Vote “FOR” the Hope Bancorp Merger TODAY HONOLULU, Oct. 25, 2024 (GLOBE NEWSWIRE) — Territorial Bancorp Inc. (NASDAQ: TBNK) (“Territorial” or the “Company”) today announced that leading independent proxy advisory firm Glass, Lewis & Co., LLC (“Glass Lewis”) has joined Institutional Shareholder Services (“ISS”) in recommending...

Electra Announces US$5 Million Financing

Written by Customer Service on October 25, 2024. Posted in Public Companies.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES TORONTO, Oct. 25, 2024 (GLOBE NEWSWIRE) — Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce that it has received a non-binding term sheet from the holders of the existing secured notes issued by the Company on February 13, 2023 (the “Existing Notes”) for a financing transaction (the “Financing”) which would result in gross proceeds to the Company of US$5 million. These funds will enable the Company to initiate certain early works and winter preparations at the Ontario Refinery project site in Temiskaming Shores, Ontario, as well as being used for general corporate purposes. “Given our objective of resuming construction shortly upon completing the project financing package,...

Base Carbon Announces Receipt of Article 6 Authorized Labeled Carbon Credits

Written by Customer Service on October 25, 2024. Posted in Public Companies.

TORONTO, Oct. 25, 2024 (GLOBE NEWSWIRE) — Base Carbon Inc. (Cboe CA: BCBN) (OTCQX: BCBNF) with operations through its wholly-owned subsidiary, Base Carbon Capital Partners Corp. (together, with affiliates, “Base Carbon”, or the “Company”), is pleased to announce that it has received a second transfer of 1,014,635 carbon credits from its Rwanda project, each designated with Verra’s Article 6 Authorized label. HighlightsReceived second transfer of 1,014,635 Article 6 Authorized labeled carbon credits from the Rwanda project. The Company now holds a current inventory of 1,712,193 Article 6 Authorized labeled carbon credits generated from the Rwanda project.Pursuant to the terms of the project agreement with the DelAgua Group, the project developer, and the letter of authorization issued by the Government of Rwanda (“LOA”) with...

Rakovina Therapeutics to Present Research Highlighting Small-Molecule Bifunctional Inhibitors of PARP1/2 and HDAC Enzymes at the 36th EORTC-NCI-AACR Symposium in Barcelona Spain

Written by Customer Service on October 25, 2024. Posted in Public Companies.

VANCOUVER, British Columbia, Oct. 25, 2024 (GLOBE NEWSWIRE) — Rakovina Therapeutics Inc. (TSX-V: RKV) (“Rakovina” or the “Company”), a biopharmaceutical company committed to advancing new cancer therapies based on novel DNA-damage response targeting technologies, is pleased to announce the presentation of its research on novel small-molecule bifunctional inhibitors of PARP1/2 and HDAC enzymes at the 36th EORTC-NCI-AARC Symposium in Barcelona, Spain, on October 25, 2024. Rakovina’s novel class of bifunctional small molecule compounds, known as kt-3000 series, has demonstrated potent dual inhibition of PARP1/2 and HDAC enzymes in preclinical studies. Compared to single-function inhibitors such as olaparib (PARP) and vorinostat (HDAC), dual-function kt-3000 compounds demonstrate greater potency against both HR-deficient and proficient...

Destination XL Group, Inc. to Announce Third Quarter 2024 Financial Results on Friday, November 22, 2024

Written by Customer Service on October 25, 2024. Posted in Public Companies.

Company to Webcast Conference Call Live at 9:00 a.m. ET CANTON, Mass., Oct. 25, 2024 (GLOBE NEWSWIRE) — Destination XL Group, Inc. (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men’s clothing and shoes, announced today it will release its third quarter of fiscal 2024 financial results before the market opens on Friday, November 22, 2024. President and Chief Executive Officer Harvey Kanter and Executive Vice President, Chief Financial Officer, and Treasurer Peter Stratton will host a conference call the same morning at 9:00 a.m. ET to discuss the results. Participants can join by conference call or webcast: Conference Call To participate in the conference call, please pre-register at:https://register.vevent.com/register/BI086e2ca09b4247779965833973a12671Upon registering, you will receive a dial-in number...

Edible Garden Receives USDA Grants to Support Organic Certification Research & Development at Belvidere, New Jersey, and Grand Rapids Michigan Facilities

Written by Customer Service on October 25, 2024. Posted in Public Companies.

Company’s Zero-Waste Inspired® mission aligns with USDA organic certification goals BELVIDERE, NJ, Oct. 25, 2024 (GLOBE NEWSWIRE) — Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, today announced that the Company has received grants from the United States Department of Agriculture Organic Certification Program administered by the Farm Service Agency. These funds are designated to reimburse organic producers and handlers with financial assistance to reduce the costs associated with organic certification, as well as processing/handling certifications. Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, “We are pleased to have been awarded these grants from...

Year: 2024

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