Day: February 18, 2025

Twin Disc, Inc. Announces Acquisition of Kobelt

Written by Customer Service on February 18, 2025. Posted in Mergers And Acquisitions.

MILWAUKEE, Feb. 18, 2025 (GLOBE NEWSWIRE) — Twin Disc, Inc. (NASDAQ: TWIN), a global leader in power transmission technology for marine and land-based applications, announced today the successful completion of its $16.5 million acquisition of Kobelt Manufacturing Co. Ltd. (“Kobelt”), a Canadian company based in British Columbia that specializes in brake, control and steering systems for industrial and marine end markets. Twin Disc’s global presence will expand Kobelt’s international reach, while Kobelt will contribute complementary products that diversify and enhance Twin Disc’s portfolio in the industrial and marine sectors. Kobelt’s extensive after-sales services, combined with its in-house foundry and bronze die casting capabilities featuring precision machining, assembly and testing, ensures complete...

Infinera Announces Anticipated Closing Date of Acquisition by Nokia and Deadline for Infinera Stockholders to Revoke Election of Merger Consideration

Written by Customer Service on February 18, 2025. Posted in Mergers And Acquisitions.

SAN JOSE, Calif., Feb. 18, 2025 (GLOBE NEWSWIRE) — Infinera Corporation (NASDAQ: INFN) (“Infinera”) today announced that its pending acquisition (the “Transaction”) by Nokia Corporation (“Nokia”) is anticipated to be completed on or about February 28, 2025, which date remains subject to receipt of remaining outstanding regulatory approvals and the satisfaction of other remaining customary closing conditions. Based on the anticipated February 28, 2025 completion date, Infinera today also announced that the deadline to revoke a previously made election with respect to the form of merger consideration to be received in the Transaction is 5:00 p.m., New York City time, on February 21, 2025 (the “Election Revocation Deadline”). In the event that the anticipated completion date is delayed, Infinera will communicate an updated Election...

Great Lakes Reports Fourth Quarter and Full Year 2024 Results

Written by Customer Service on February 18, 2025. Posted in Earnings Releases And Operating Results.

Fourth quarter net income of $19.7 millionFourth quarter Adjusted EBITDA of $40.2 millionFull year net income of $57.3 millionFull year Adjusted EBITDA of $136.0 millionDredging backlog of $1.2 billion at December 31, 2024 HOUSTON, Feb. 18, 2025 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (Nasdaq: GLDD), the largest provider of dredging services in the United States, today reported financial results for the fourth quarter and year ended December 31, 2024. Fourth Quarter 2024 HighlightsRevenue was $202.8 million Total operating income was $30.0 million Net income was $19.7 million Adjusted EBITDA was $40.2 millionFull Year 2024 HighlightsRevenue was $762.7 million Total operating income was $92.8 million Net income was $57.3 million Adjusted EBITDA was $136.0 millionManagement...

Franklin Electric Reports Fourth Quarter 2024 and Full Year 2024 Results

Written by Customer Service on February 18, 2025. Posted in Earnings Releases And Operating Results.

Fourth Quarter 2024 HighlightsConsolidated net sales of $485.7 million, an increase of 3% to the prior year Energy Systems and Distribution net sales increased 5% and 6%, respectively, while Water Systems net sales were flat Operating income was $43.0 million with operating margin of 8.9% GAAP fully diluted earnings per share (EPS) was $0.72Full Year 2024 HighlightsConsolidated net sales of $2.0 billion, a decrease of 2% to the prior year Distribution net sales increased 2%, while Water Systems and Energy Systems net sales decreased 2% and 8%, respectively Operating income was $243.6 million with operating margin of 12.1% GAAP fully diluted earnings per share (EPS) was $3.86 Cash flows from operating activities were $261.4 millionFORT WAYNE, Ind., Feb. 18, 2025 (GLOBE NEWSWIRE) — Franklin Electric Co., Inc. today announced...

WillScot Broadens Capital Allocation by Initiating Cash Dividend Program

Written by Customer Service on February 18, 2025. Posted in Dividend Reports And Estimates.

PHOENIX, Feb. 18, 2025 (GLOBE NEWSWIRE) — WillScot Holdings Corporation (“WillScot” or the “Company”) (Nasdaq: WSC), a leader in innovative temporary flexible space solutions, today announced that its Board of Directors (“Board”) has declared the initiation of a quarterly cash dividend program consistent with the Company’s commitment to returning capital to shareholders, while continuing to invest in growth. The first dividend of $0.07 per share will be payable on March 19, 2025, to shareholders of record as of the close of business on March 5, 2025. “The initiation of our quarterly dividend program provides an additional avenue to return surplus capital to shareholders and reflects the resiliency of our cash flows across the cycle, the strength of our balance sheet, and our confidence in the Company’s long-term growth prospects,”...

Nexxen Completes Stock Exchange and Trading Structure Changes

Written by Customer Service on February 18, 2025. Posted in Public Companies.

NEW YORK, Feb. 18, 2025 (GLOBE NEWSWIRE) — Nexxen International Ltd. (NASDAQ: NEXN) (“Nexxen” or the “Company”), a global, flexible advertising technology platform with deep expertise in data and advanced TV, today announces it has completed its previously announced stock exchange and trading structure changes, streamlining to a full and sole U.S. Ordinary Share listing on The Nasdaq Stock Market effective today. On Friday, February 14, 2025, the Company successfully executed a reverse split of its Ordinary Shares such that every two Ordinary Shares held at the time of the reverse split consolidated into one New Ordinary Share to facilitate a one-to-one ADR exchange. Thereafter, the Company exchanged its Nasdaq-listed ADRs for Nasdaq-listed New Ordinary Shares and terminated its ADR facility. On Monday, February 17, 2025, the Company’s...

Duke Robotics Announces the Formation of Greek Subsidiary to Serve as a Platform for Civilian Market Growth in Greece

Written by Customer Service on February 18, 2025. Posted in Public Companies.

Duke Robotics Hellas, Duke Robotics’ new Greek subsidiary and its first branch in Europe, aims to provide a platform for Duke Robotics to expand the market penetration of its IC Drone technology; Greece is investing significantly in infrastructure, with over $32 billion in EU funding allocated for energy-related projects FT. LAUDERDALE, FL, Feb. 18, 2025 (GLOBE NEWSWIRE) — Duke Robotics Corp. (OTCQB:DUKR) (“Duke Robotics” or the “Company”), a leader in advanced robotics technology and autonomous drone solutions, today announced that, further to its prior announcement from January 14, 2024, the Company has established “Duke Robotics Hellas I.K.E.” (“Duke Robotics Greece”), a wholly owned subsidiary in Greece. This initiative represents a strategic step forward in the Company’s commitment to expanding its operations within the civilian...

3D Systems Transforming Dental Lab Efficiency with Integrated Digital Dentistry Solutions

Written by Customer Service on February 18, 2025. Posted in Public Companies.

3D Systems’ NextDent 300The NextDent 300 is part of 3D Systems’ FDA-cleared complete workflow solution that enables high-volume dental laboratories to rapidly produce dentures with improved performance and aesthetics, resulting in a superior patient experience.3D Systems’ Multi-material, Monolithic Jetted Dentures3D Systems’ unique multi-material, single-piece dentures offer an unparalleled combination of distinctive break resistance and outstanding aesthetics.Company to showcase market-leading solutions portfolio at LMT Lab Day 2025 Will preview NextDent® 300 MultiJet 3D printer designed to rapidly produce multi-material, monolithic dentures Plans include solutions for nightguards and direct-printed aligners in near future, bolstering portfolio to address straightening, protection, repair, replacement...

First Bank Welcomes Joe Shearin, President, Greater Richmond Market

Written by Customer Service on February 18, 2025. Posted in Public Companies.

STRASBURG, Va., Feb. 18, 2025 (GLOBE NEWSWIRE) — First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”) is pleased to announce the addition of Joe Shearin as President, Greater Richmond Market. Joe will lead First Bank’s strategic efforts across Richmond, Southside Virginia, and northern North Carolina. He will be responsible for community impact and all lines of business banking and business development in the expanded footprint, following the 2024 merger with Touchstone Bank.Joe brings over 40 years of banking experience and is retired President and CEO of Sonabank/Southern National Bancorp (formerly EVB/Eastern Virginia Bankshares). During Joe’s tenure as President and CEO of Sonabank, he successfully led the company through major economic conditions,...

Karolinska Developments portfolio company Promimic publishes positive results on reduction of bacteria growth on HAnano Surface

Written by Customer Service on February 18, 2025. Posted in Public Companies.

STOCKHOLM, SWEDEN, February 18 2025. Karolinska Development AB (Nasdaq Stockholm: KDEV) today announces that its portfolio company Promimic has published positive results showing a reduction of bacterial growth on the company’s implant surface HAnano Surface. The results are published in the Journal of Functional Biomaterials. Promimic has previously seen an effect on reduced adhesion of bacteria on HAnano Surface, but the recent results also show a reduction of bacterial growth. The results indicate that the effect is bacteriostatic (hinders growth) and not bactericide (germicidal), which can decrease the risk of bacterial resistance. The results are based on in vitro tests on gram-positive and gram-negative bacteria on HAnano Surface, showing a reduction between 33-46 percent on the bacterial strains S. epidermidis and P. aeruginosa,...

Day: February 18, 2025

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