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Month: January 2025

Gentex Reports Fourth Quarter and Year End 2024 Financial Results

ZEELAND, Mich., Jan. 31, 2025 (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 fourth quarter and calendar year ended December 31, 2024. Fourth Quarter and Calendar Year 2024 Highlights:Fourth Quarter 2024Net sales of $541.6 million Gross profit margin of 32.5% Income from operations of $89.8 million Net income of $87.7 million Earnings per diluted share of $0.39Calendar Year 2024Net sales of $2.31 billion, a new annual sales record Gross profit margin of 33.3% Net income of $404.5 million Earnings per diluted share of $1.76 Full Display Mirror® (“FDM”) unit shipments of 2.96 million, a 21% increase compared to calendar year 2023 Cash returned to shareholders of...

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First Hawaiian, Inc. Reports Fourth Quarter 2024 Financial Results and Declares Dividend

HONOLULU, Jan. 31, 2025 (GLOBE NEWSWIRE) — First Hawaiian, Inc. (NASDAQ:FHB), (“First Hawaiian” or the “Company”) today reported financial results for its quarter ended December 31, 2024. “I’m pleased to report that we finished 2024 with a very strong quarter that was highlighted by good performance across our key earnings drivers. Our loan and deposit balances grew, net interest margin expanded, expenses were well controlled and credit quality remained excellent. We also maintained our commitment to supporting our communities with a $1 million contribution to the First Hawaiian Foundation,” said Bob Harrison, Chairman, President, and CEO. “During the fourth quarter we took action to strengthen our balance sheet and increase our future earnings power by restructuring a portion of our investment portfolio. This action, along with...

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AmpliTech Group To Feature Latest ORAN 5G High Speed Products At The MWC Show in Barcelona

Also Participating At INDUSTRY DAY 25: TOWARD OPEN 6G NETWORKS – An Annual Forum to Connect Industry, Government, and Academia Being Held at Northeastern University In Boston, Massachusetts HAUPPAUGE, N.Y., Jan. 31, 2025 (GLOBE NEWSWIRE) — AmpliTech Group, Inc (Nasdaq: AMPG, AMPGW), a designer, developer, and manufacturer of state-of-the-art signal-processing components for satellite, 5G, and other communications networks, including the design of complete 5G/6G systems, and a global distributor of packages and lids for integrated circuit assembly, today announced its participation in the upcoming Mobile World Congress (MWC) Show in Barcelona, Booth 2C78, where it will exhibit its latest technological ORAN 5G products, participating with key players in the 5G industry to promote its flagship product the high speed MIMO 64T64R...

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Patria Investments Announces Sale of Aguas Pacifico

GRAND CAYMAN, Cayman Islands, Jan. 31, 2025 (GLOBE NEWSWIRE) — Patria Investments Limited (“Patria”) (NASDAQ: PAX), a global alternative asset manager, announced that Patria Infrastructure Fund III (“IS Fund III”) has substantially met the conditions precedent necessary for the sale of Aguas Pacifico, a multi-client water desalination project under construction in Chile, to Patria Infrastructure Fund V (“IS Fund V”) and other investors. The agreement for the transaction was signed in December 2024. The sale of this asset is expected to be completed in 1Q25 and will be supported by a number of global investors, including sovereign wealth funds and institutional investors, in addition to IS Fund V, highlighting the long-term attractiveness of this platform. The transaction reflects Patria’s long-term commitment to investing across...

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Interpace Biosciences Announces Preliminary Full-year and Fourth Quarter 2024 Financial and Business Results

  ● Q4 and FY Test volume increase 21% and 17% year-over-year  ● Q4 and FY Volume, Revenue, and Profitability at all-time record levels     PARSIPPANY, NJ, Jan. 31, 2025 (GLOBE NEWSWIRE) — Interpace Biosciences, Inc. (“Interpace” or the “Company”) (OTCQX: IDXG) today announced preliminary financial and business results for the fiscal year and fourth quarter ended December 31, 2024. Fourth quarter Molecular Volume increased 21% year-over-year compared to Q4 2023, and 17% for the Full Year resulting in double-digit Q4 and YTD revenue growth. “The Company achieved record test volume, test revenue, income, and cash collections in Q4 and full year 2024,” said Chris McCarthy, Chief Financial Officer. “The Company’s strategic focus on operational and efficiency improvements also delivered record gross and net income margins.”...

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Pacific Financial Corp Earns $2.2 Million, or $0.21 per Diluted Share for Fourth Quarter 2024; Reports Fiscal 2024 Earnings of $9.5 Million, or $0.92 per Diluted Share; Declares Quarterly Cash Dividend of $0.14 per Share

ABERDEEN, Wash., Jan. 31, 2025 (GLOBE NEWSWIRE) — Pacific Financial Corporation (OTCQX: PFLC), (“Pacific Financial”) or the (“Company”), the holding company for Bank of the Pacific (the “Bank”), reported net income of $2.2 million, or $0.21 per diluted share for the fourth quarter of 2024, compared to $2.6 million, or $0.25 per diluted share for the third quarter of 2024, and $2.9 million, or $0.28 per diluted share for the fourth quarter of 2023. For the year ended December 31, 2024, the Company reported net income of $9.5 million, or $0.92 per share compared to $14.6 million, or $1.40 for the year ended December 31, 2023. Except for year-end December 31, 2023, all results are unaudited. The board of directors of Pacific Financial declared a quarterly cash dividend of $0.14 per share on January 22, 2025. The dividend will be payable...

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Topicus.com Inc. acquires 9.99% Stake in Asseco Poland S.A. in Poland

TORONTO, Jan. 31, 2025 (GLOBE NEWSWIRE) — Topicus.com Inc. (TOI.V) today announced that Topicus’ subsidiary Yukon Niebieski Kapital B.V. has purchased 8,300,029 shares in Asseco Poland S.A. (“Company”) from Cyfrowy Polsat S.A., representing approximately 9.99% of the issued shares in the Company. The shares were acquired at a price of 85 PLN per share. About Asseco Poland S.A. Asseco Group is a federation of companies engaged in information technology and operates in 62 countries worldwide. Asseco Group companies are listed on the Warsaw Stock Exchange, Tel-Aviv Stock Exchange as well as on the American NASDAQ Global Markets. Asseco Group offers comprehensive, proprietary IT solutions for all sectors of the economy. About Topicus.com Topicus.com Inc. is a leading pan-European provider of vertical market software and vertical market...

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Correction: On the resignation of Ignitis Renewables’ CEO

Aligned translation between versions. AB “Ignitis grupė” (hereinafter – the Group) announces that Thierry Aelens, the Chief Executive Officer (CEO) of the Group’s subsidiary UAB “Ignitis renewables” (hereinafter – Ignitis Renewables) has decided to resign from his position effective from 30 March 2025. T. Aelens is stepping down due to personal reasons and to pursue new career opportunities closer to his home. The selection of a new CEO will commence immediately.  To ensure a seamless transition and maintain business continuity, Gary Bills has been appointed as the Interim CEO, effective from 31 March 2025. He has been with Ignitis Renewables since 2022, serving as the Chief Operations Officer (COO), and has a proven track record in renewable energy, with over 20 years of experience, spanning entire project lifecycles, including the development...

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Correction: On the resignation of Ignitis Renewables’ CEO

Aligned translation between versions. AB “Ignitis grupė” (hereinafter – the Group) announces that Thierry Aelens, the Chief Executive Officer (CEO) of the Group’s subsidiary UAB “Ignitis renewables” (hereinafter – Ignitis Renewables) has decided to resign from his position effective from 30 March 2025. T. Aelens is stepping down due to personal reasons and to pursue new career opportunities closer to his home. The selection of a new CEO will commence immediately.  To ensure a seamless transition and maintain business continuity, Gary Bills has been appointed as the Interim CEO, effective from 31 March 2025. He has been with Ignitis Renewables since 2022, serving as the Chief Operations Officer (COO), and has a proven track record in renewable energy, with over 20 years of experience, spanning entire project lifecycles, including the development...

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Orrstown Financial Services, Inc. Reports Fourth Quarter 2024 Results

Net income of $13.7 million, or $0.71 per diluted share, for the three months ended December 31, 2024 compared to net loss of $7.9 million, or $0.41 per diluted share, for the three months ended September 30, 2024; the fourth quarter of 2024 included $3.9 million in expenses related to the merger and $0.5 million for a legal settlement compared to $17.0 million in expenses related to the merger, $15.5 million of provision for credit losses on non-purchase credit deteriorated loans and $4.8 million for an executive retirement, net of taxes, for the third quarter of 2024; Excluding the impact of the non-recurring charges referenced above, net income and diluted earnings per share, respectively, were $16.7 million(1) and $0.87(1) for the fourth quarter of 2024 compared to adjusted net income and diluted earnings per share of $21.4 million(1)...

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