Day: February 27, 2025
NEW YORK, Feb. 27, 2025 (GLOBE NEWSWIRE) — FTAI Infrastructure Inc. (NASDAQ:FIP) (the “Company” or “FTAI Infrastructure”) today reported financial results for the fourth quarter and full year 2024. The Company’s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.
Financial Overview(in thousands, except per share data)
Selected Financial Results
Three Months Ended December 31, 2024
Year Ended December 31, 2024Net Loss Attributable to Stockholders
$
(137,236
)
$
(298,139
)Basic Loss per Share of Common Stock
$
(1.24
)
$
(2.75
)Diluted Loss per Share of Common Stock
$
(1.24
)
$
(2.75
)Adjusted...
Algoma Steel to Announce Results for the Three and Nine Months Ended December 31, 2024 on March 12, 2025
Written by Customer Service on . Posted in Public Companies.
SAULT STE. MARIE, Ontario, Feb. 27, 2025 (GLOBE NEWSWIRE) — Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its financial results for the three and nine months ended December 31, 2024 after the market closes on Wednesday, March 12, 2025. As previously reported, the Company has changed its fiscal year end from March 31 to December 31, resulting in a nine month fiscal reporting period ending December 31, 2024. A webcast and conference call will be held on Thursday, March 13, 2025 at 11:00 a.m. Eastern Time to review the Company’s results, discuss recent events, and conduct a question-and-answer session.
The live webcast and archived replay of the conference call can be accessed...
Brookfield Corporation Announces Pricing of $500 Million Notes Due 2055
Written by Customer Service on . Posted in Public Companies.
BROOKFIELD, NEWS, Feb. 27, 2025 (GLOBE NEWSWIRE) — Brookfield Corporation (“Brookfield”) (NYSE: BN, TSX: BN) today announced the pricing of a public offering of $500 million principal amount of senior notes due 2055 (the “notes”), which will bear interest at a rate of 5.813% per annum.
The notes will be issued by Brookfield Finance Inc., an indirect 100% owned subsidiary of Brookfield, and will be fully and unconditionally guaranteed by Brookfield. The net proceeds from the sale of the notes will be used for general corporate purposes. The offering is expected to close on March 3, 2025, subject to the satisfaction of customary closing conditions.
The notes are being offered under Brookfield and the issuer’s existing base shelf prospectus filed in the United States and Canada. In the United States, the notes are being offered pursuant...
Stellantis Publishes 2024 Annual Report and Files Form 20-F
Written by Customer Service on . Posted in Public Companies.
Stellantis Publishes 2024 Annual Report and Files Form 20-F
AMSTERDAM, February 27, 2025 – Stellantis N.V. announced today that it published its 2024 Annual Report and filed its 2024 Form 20-F with the United States Securities and Exchange Commission.
Stellantis’ Annual Report and Form 20-F are available under the Investors section of the Stellantis corporate website at www.stellantis.com, where they can be viewed and downloaded1. Shareholders may request a hard copy of these materials, free of charge, through the contact below.
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About Stellantis
Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automakers aiming to provide clean, safe and affordable freedom of mobility to all. It’s best known for its unique portfolio of iconic and innovative brands including Abarth, Alfa Romeo,...
Meritage Homes Announces Pricing of $500 Million of 5.650% Senior Notes Due 2035
Written by Customer Service on . Posted in Public Companies.
SCOTTSDALE, Ariz., Feb. 27, 2025 (GLOBE NEWSWIRE) — Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”) announced today that it has priced a registered underwritten public offering of $500 million aggregate principal amount of 5.650% Senior Notes due 2035 (the “senior notes”). The senior notes will pay interest semi-annually at a rate of 5.650% per year and will mature on March 15, 2035. The closing of the offering is expected to occur on March 6, 2025, subject to the satisfaction of customary closing conditions. Meritage intends to use the net proceeds of the offering for general corporate purposes.
J.P. Morgan Securities LLC, BofA Securities, Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, Fifth Third Securities, Inc., PNC Capital Markets LLC, Regions Securities LLC, Truist Securities, Inc. and...
Extendicare Announces 2024 Fourth Quarter and Full Year Results and Dividend Increase
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
MARKHAM, Ontario, Feb. 27, 2025 (GLOBE NEWSWIRE) — Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) today reported results for the three and twelve months ended December 31, 2024.
Fourth Quarter 2024 HighlightsAdjusted EBITDA(1) excluding out-of-period items increased by $10.1 million or 43.5% to $33.4 million driven by improvements in all three business segments.
Home health care average daily volume (“ADV”) increased to 30,993, an increase of 10.1% from Q4 2023.
SGP third-party and joint venture serviced beds increased 7.4% from Q4 2023 to 146,300 beds, driven by continued organic growth.
As previously announced, the Company entered into an agreement with Revera Inc. and certain of its affiliates (“Revera”) to acquire nine Class C LTC homes located in Ontario and Manitoba and a parcel of land for approximately $60.3...
Live Oak Acquisition Corp. V Announces the Pricing of $200,000,000 Initial Public Offering
Written by Customer Service on . Posted in Public Companies.
New York, NY, Feb. 27, 2025 (GLOBE NEWSWIRE) — Live Oak Acquisition Corp. V (the “Company”) announced today the pricing of its initial public offering of 20,000,000 units. The units are expected to be listed on the Nasdaq Global Market (“Nasdaq”) and begin trading tomorrow, February 28, 2025 under the ticker symbol “LOKVU.” Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The warrants will become exercisable 30 days after the completion of the Company’s initial business combination, and will expire five years after...
Supremex Announces Departure of Chief Financial Officer
Written by Customer Service on . Posted in Public Companies.
MONTRÉAL, Feb. 27, 2025 (GLOBE NEWSWIRE) — Supremex Inc. (“Supremex” or the “Company”) (TSX: SXP), a leading North American manufacturer and marketer of envelopes and a growing provider of paper-based packaging solutions, today announces the departure of its Chief Financial Officer and Corporate Secretary, François Bolduc. Mr. Bolduc is leaving to pursue new professional challenges and will officially conclude his duties on March 20, 2025.
“During his tenure, François led many important strategic and operational initiatives, while mobilizing a strong and capable team of professionals. We would like to thank François for his services to Supremex and we wish him the best of luck with all his future endeavors,” said Stewart Emerson, President & CEO of Supremex.
Supremex has established a transition plan. Stewart Emerson will...
Lithium Ionic Files NI 43-101 Technical Report for the Baixa Grande Mineral Resource Estimate, Minas Gerais, Brazil, Marking a 32% Growth in Updated Mineral Resources
Written by Customer Service on . Posted in Public Companies.
TORONTO, Feb. 27, 2025 (GLOBE NEWSWIRE) — Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (the “Company” or “Lithium Ionic”) reports that it has filed the independent NI 43-101 compliant technical report for its Baixa Grande Lithium Project (“Baixa Grande” or the “Project”) in Minas Gerais State, Brazil, related to the updated Mineral Resource Estimate (“MRE”) for the Project announced on January 14, 2025.
The technical report, titled “Independent Technical Report on the Mineral Resource Estimate for the Baixa Grande Salinas Lithium Project, Minas Gerais, Brazil” was prepared by GE21 Consultoria Mineral Ltda. (“GE21”) in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and has an effective date of December 2, 2024.
The report details the MRE comprising Measured and Indicated...
ECN Capital Reports US$0.02 in Adjusted Net Income per Common Share in Q4-2024
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
Solid Q4 2024 Results
TORONTO, Feb. 27, 2025 (GLOBE NEWSWIRE) — ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today reported financial results for the fourth quarter and the year ended December 31, 2024.
For the three-month period ended December 31, 2024, ECN Capital reported Adjusted net income (loss) applicable to common shareholders of $4.4 million or $0.02 per share (basic) versus $13.1 million or $0.05 per share (basic) for the previous three-month period and ($13.5) million or ($.05) per share (basic) for the prior year comparable period.
“Our Q4 results, while impacted by severe weather disruptions, further underline that 2024 marked the completion of our turnaround and we are well positioned and confident in our businesses going ahead,” said Steven Hudson, CEO of ECN Capital Corp. “Adjusted net income per...