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Year: 2024

Mueller Water Products Announces Update on Board Refreshment Plan

Nominates Bentina Chisolm Terry and Leland Weaver to Join Board of Directors Two Long-Tenured Directors to Retire at Upcoming 2025 Annual Meeting of Stockholders ATLANTA, Dec. 18, 2024 (GLOBE NEWSWIRE) — Mueller Water Products, Inc. (NYSE: MWA) announced that its Board of Directors has nominated Bentina Chisolm Terry and Leland Weaver to join the Board for election at the Company’s Annual Meeting of Stockholders on February 6, 2025. As part of the previously announced Board refreshment plan, Dr. Lydia Thomas and Ms. Shirley Franklin will retire from the Board at the Annual Meeting. “On behalf of the entire Board, I extend my gratitude to Lydia and Shirley for their contributions to Mueller and many years of service on the Board. Lydia’s and Shirley’s leadership, wisdom and expertise during their service have been enormously...

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First Commonwealth Financial Corporation Expands Presence in Cincinnati with Acquisition of CenterGroup Financial, Inc.

INDIANA, Pa. and CINCINNATI, Oh., Dec. 18, 2024 (GLOBE NEWSWIRE) — First Commonwealth Financial Corporation (“First Commonwealth”) (NYSE: FCF), the holding company for First Commonwealth Bank, and CenterGroup Financial, Inc.  (“CenterGroup”), the holding company for CenterBank, today jointly announced the signing of an Agreement and Plan of Merger (“Agreement”) providing for the merger of CenterGroup with and into First Commonwealth in an all-stock transaction valued at approximately $54.6 million in the aggregate, based upon the closing stock price of First Commonwealth as of December 17, 2024. Following the merger of CenterGroup with and into First Commonwealth, CenterBank will merge with and into First Commonwealth Bank. The business combination will significantly increase First Commonwealth’s presence in the Cincinnati market,...

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Canoo Announces Furloughs and Factory Idle as it Focuses on Finalizing Securing Capital

JUSTIN, Texas, Dec. 18, 2024 (GLOBE NEWSWIRE) — Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company today announced the company has furloughed 82 employees, both salaried and hourly, and idling its factories in Oklahoma while it works to finalize securing the capital necessary to move forward with its operations. The company is in advanced discussions with various capital sources. Canoo said, “We regret having to furlough our employees, especially during the holidays, but we have no choice at this point. We are hopeful that we will be able to bring them back to work soon.” About CanooFounded in 2017, Canoo Inc. (NASDAQ: GOEV) is an automotive tech company that manufactures electric cargo vehicles, built to deliver, for large commercial, government and fleet customers globally. The company has developed design-forward...

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Ocean Power Technologies to Participate in a Fireside Chat on Thursday, December 19, 2024

MONROE TOWNSHIP, N.J., Dec. 18, 2024 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that as part of the Company’s ongoing commitment to connecting with the investor community, it will participate in a fireside chat on Thursday, December 19, 2024, at 11:00 a.m. ET. Dr. Philipp Stratmann, President and Chief Executive Officer for OPT, will discuss the Company’s recent performance and revenue growth, cost savings and expenditure reductions implemented over the past several quarters, and ongoing innovation in integrating payloads and systems that enable the Company to offer an AI-capable solution. The discussion will also cover OPT’s overseas expansion...

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National Bank Holdings Corporation Announces Balance Sheet Repositioning

DENVER, Dec. 18, 2024 (GLOBE NEWSWIRE) — National Bank Holdings Corporation (NYSE: NBHC, or the “Company”) announced today that it sold approximately $130 million of available-for-sale (“AFS”) investment securities on the open market. The securities sale is part of the Company’s strategy to proactively maximize the balance sheet with the goal of driving future earnings. The securities sold represented approximately 20% of the Company’s AFS portfolio and resulted in an after-tax loss of approximately $5 million that will be recorded in the fourth quarter of 2024. Proceeds from the sale will be redeployed over time into higher yielding securities. “Through our solid capital position, we are able to effectively manage our balance sheet while enhancing future earnings growth for our shareholders,” said Chairman and CEO, Tim Laney. About...

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AVITA Medical to Present at the 43rd Annual J.P. Morgan Healthcare Conference

VALENCIA, Calif., Dec. 18, 2024 (GLOBE NEWSWIRE) — AVITA Medical, Inc. (NASDAQ: RCEL, ASX: AVH), a commercial-stage regenerative medicine company focused on first-in-class devices for wound care management and skin restoration, today announced that Jim Corbett, Chief Executive Officer, will present at the 43rd Annual J.P. Morgan Healthcare Conference on Thursday, January 16, 2025, at 9:00 a.m. Pacific Time. A live audio webcast of the presentation will be accessible under the Events & Presentations section of the Company’s website at https://ir.avitamedical.com. A replay of the webcast will be available following the conclusion of the event. About AVITA Medical, Inc.AVITA Medical® is a commercial-stage regenerative medicine company transforming the standard of care in wound care management and skin restoration with innovative...

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KOIL Energy Secures Significant Contract to Deliver Subsea Distribution Manifolds for West Africa Project

HOUSTON, Dec. 18, 2024 (GLOBE NEWSWIRE) — KOIL Energy Solutions, Inc. (OTCQB: KLNG) has been awarded a significant contract to supply Electrical and Hydraulic Distribution Manifolds for a project in West Africa. This award, from a prominent international oil and gas company, highlights KOIL’s core technological expertise and solidifies its position as a trusted partner in the subsea sector.The manifolds will play a critical role in distributing electrical and hydraulic power to regulate the flow of oil and gas through existing subsea infrastructure. The scope of work for this project includes engineering, procurement, fabrication, assembly, and testing of the manifolds and related equipment. KOIL is renowned for delivering competitive, high-performance subsea distribution systems worldwide. By leveraging years of industry...

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Steelcase Reports Third Quarter Fiscal 2025 Results

Strong results compared to prior year including:Revenue growth of 2% driven by 5% growth in the Americas Gross margin improvement of 100 basis points Total liquidity strengthened by $152 millionAmericas posted order growth of 2% compared to prior year Outlook for fiscal 2025 adjusted earnings per share exceeds company targetsGRAND RAPIDS, Mich., Dec. 18, 2024 (GLOBE NEWSWIRE) — Steelcase Inc. (NYSE: SCS) today reported third quarter revenue of $794.9 million, net income of $19.1 million, or $0.16 per share, and adjusted earnings per share of $0.30. In the prior year, Steelcase reported revenue of $777.9 million and net income of $30.8 million, or $0.26 per share, and had adjusted earnings per share of $0.29. Revenue and order growth (decline) compared to the prior year were as follows:  Q3 2025 vs. Q3 2024  Revenue...

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Micron Technology, Inc. Reports Results for the First Quarter of Fiscal 2025

Micron delivers record fiscal Q1 revenue, driven by strong AI demandData center revenue grew over 40% sequentially and over 400% year over year BOISE, Idaho, Dec. 18, 2024 (GLOBE NEWSWIRE) — Micron Technology, Inc. (Nasdaq: MU) today announced results for its first quarter of fiscal 2025, which ended November 28, 2024. Fiscal Q1 2025 highlightsRevenue of $8.71 billion versus $7.75 billion for the prior quarter and $4.73 billion for the same period last year GAAP net income of $1.87 billion, or $1.67 per diluted share Non-GAAP net income of $2.04 billion, or $1.79 per diluted share Operating cash flow of $3.24 billion versus $3.41 billion for the prior quarter and $1.40 billion for the same period last year“Micron delivered a record quarter, and our data center revenue surpassed 50% of our total revenue for the first time,”...

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Nokia Corporation: Repurchase of own shares on 18.12.2024

Nokia CorporationStock Exchange Release18 December 2024 at 22:30 EET Nokia Corporation: Repurchase of own shares on 18.12.2024 Espoo, Finland – On 18 December 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*XHEL 872,093 4.29CEUX – –BATE – –AQEU – –TQEX – –Total 872,093 4.29* Rounded to two decimals On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases in compliance with the Market Abuse Regulation (EU) 596/2014...

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