Month: February 2025

Net income available to common stockholders of $9.0 million and $56.8 million for the three months and year ended December 31, 2024, respectively, or $0.15 and $0.94 per diluted share, respectively. Funds from Operations (“FFO”) per diluted share decreased 4% and increased 8% year-over-year for the three months and year ended December 31, 2024, respectively, to $0.55 and $2.58 per diluted share, respectively. Introducing 2025 annual guidance midpoint of $1.94 with a range of $1.87 to $2.01 of FFO per diluted share. SAN DIEGO, Feb. 04, 2025 (GLOBE NEWSWIRE) — American Assets Trust, Inc. (NYSE: AAT) (the “company”) today reported financial results for its fourth quarter and year ended December 31, 2024. Fourth Quarter HighlightsNet income available to common stockholders of $9.0 million and $56.8 million for the three...

GAAP Net Income of $163 million, or $1.05 per diluted shareAdjusted Operating Income of $169 million, or $1.09 per diluted shareReturn on Equity of 13.0% and Adjusted Operating Return on Equity of 13.5%Record Primary insurance in-force of $269 billion, a 2% increase from fourth quarter 2023PMIERs Sufficiency of 167% or $2,052 millionBook Value Per Share of $32.80 and Book Value Per Share excluding AOCI of $34.16Returned over $350 million of capital to shareholders in 2024Announces quarterly cash dividend of $0.185 per common share RALEIGH, N.C., Feb. 04, 2025 (GLOBE NEWSWIRE) — Enact Holdings, Inc. (Nasdaq: ACT) today announced its fourth quarter and full-year 2024 results. “Our very strong performance in 2024 underscores the effectiveness of our strategy and the continued successful execution of our priorities,” stated...

FY’24 Net Revenues +1.2%, Organic Net Revenues1 +4.3%, Volume/Mix -1.0% FY’24 Diluted EPS declined -5.5% to $3.42FY’24 Adjusted EPS1 on a constant currency basis up +13.0% to $3.36 FY’24 Cash provided by operating activities was $4.9 billionFY’24 Free Cash Flow1 was $3.5 billionFY’24 Return of capital to shareholders was $4.7 billion Company provides FY’25 outlook CHICAGO, Feb. 04, 2025 (GLOBE NEWSWIRE) — Mondelēz International, Inc. (Nasdaq: MDLZ) today reported its fourth quarter and full year 2024 results. “Fiscal 2024 was another strong year of performance for our company. We delivered balanced top-line growth, strong earnings, and robust free cash flow generation, while returning significant capital back to shareholders,” said Dirk Van de Put, Chair and Chief Executive Officer....

Increased Net Sales 18.7 percent to $304.3 Million Reported Net Income per Diluted Share of $0.22 Achieved Adjusted Net Income per Diluted Share of $0.25 Raises Annual Guidance for Fiscal 2025 Net Sales and Adjusted EBITDA ATLANTA, Feb. 04, 2025 (GLOBE NEWSWIRE) — Mueller Water Products, Inc. (NYSE: MWA), a leading manufacturer and marketer of products and solutions used in the transmission, distribution and measurement of water in North America, announced financial results for its fiscal 2025 first quarter ended December 31, 2024. In the first quarter of 2025, the Company:Increased net sales 18.7 percent to $304.3 million as compared with $256.4 million in the prior year quarter Reported operating income of $47.4 million as compared with $22.8 million in the prior year quarter and increased adjusted operating income 78.2 percent...

New Program Wins; Cost Reduction Initiatives; Expansion Plans in US and Vietnam SPOKANE VALLEY, Wash., Feb. 04, 2025 (GLOBE NEWSWIRE) — Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced its results for the quarter ended December 28, 2024. These results are in line with the updated guidance provided on January 24, 2025. For the second quarter of fiscal year 2025, Key Tronic reported total revenue of $113.9 million, compared to $147.8 million in the same period of fiscal year 2024. The lower than anticipated revenue and earnings for the second quarter of fiscal year 2025 are primarily due to unexpected shortages for specific components managed by a large customer, lower-than-expected production during the holiday season, and reduced demand from certain customers which together...

Annual recurring revenues grew 18% year-over-yearSaaS ARR as a percentage of total ARR was approximately 53%Year-to-date cash from operations generated $115.2 million vs. $59.4 million last yearYear-to-date free cash flow generated $108.5 million vs. $54.3 million last year NEW YORK, Feb. 04, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, today announced financial results for the fourth quarter and full-year ended December 31, 2024. Yaki Faitelson, Varonis CEO, said, “We are excited by the approximately 50% increase in ARR from new customers, which was driven by the simplicity of SaaS and MDDR as well as customer interest in utilizing Generative AI raising awareness for our solution. We look forward to continuing our momentum and completing our SaaS transition in 2025, which will...

MINNEAPOLIS, Feb. 04, 2025 (GLOBE NEWSWIRE) — CVRx, Inc. (“CVRx”), a commercial-stage medical device company focused on developing, manufacturing and commercializing innovative neuromodulation solutions for patients with cardiovascular diseases, today announced its financial and operating results for the fourth quarter and full year of 2024. Recent HighlightsTotal revenue for the fourth quarter of 2024 was $15.3 million, an increase of 36% over the prior year quarter U.S. Heart Failure (HF) revenue for the fourth quarter of 2024 was $14.3 million, an increase of 41% over the prior year quarter Total revenue for 2024 was $51.3 million, an increase of 31% over the prior year Active implanting centers for 2024 increased to 223, a 25% increase since December 31, 2023“We capped off a very strong 2024 with a solid...

DENVER, Feb. 04, 2025 (GLOBE NEWSWIRE) — InnovAge Holding Corp. (“InnovAge” or the “Company”) (Nasdaq: INNV), an industry leader in providing comprehensive healthcare programs to frail, predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), today announced financial results for its fiscal second quarter ended December 31, 2024. “Our second quarter results reflect the meaningful progress we are making to strengthen the business, drive top-line growth and margin improvement,” said CEO Patrick Blair. “We are entering calendar year 2025 with positive momentum while remaining unwavering in our commitment to delivering exceptional high quality care and creating meaningful value for participants, caregivers, regulatory partners, and our investors.” Financial Results  Three Months Ended...

Second quarter SaaS revenue of $80.0 million, up 27% year-over-year Cloud annual recurring revenue (ARR) of $331.1 million, up 29% year-over-year Trailing twelve months’ cloud net revenue retention rate as of December 31, 2024 was 119%PALO ALTO, Calif., Feb. 04, 2025 (GLOBE NEWSWIRE) — Intapp, Inc. (NASDAQ: INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, announced financial results for its fiscal second quarter ended December 31, 2024. Intapp also provided its outlook for the third quarter and the full fiscal year 2025. “I’m pleased to share that once again we’ve achieved strong quarterly results which are supported by the addition of new clients and expanded client relationships,” said John Hall, CEO of Intapp. “Our second quarter results are indicative...

FREMONT, Calif., Feb. 04, 2025 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, announced today financial results for the fourth quarter of 2024, which included the summary below from its President and CEO, Badri Kothandaraman. We reported quarterly revenue of $382.7 million in the fourth quarter of 2024, along with 53.2% for non-GAAP gross margin. We shipped approximately 2.01 million microinverters, or 878.0 megawatts DC, and 152.4 megawatt hours of IQ® Batteries. Financial highlights for the fourth quarter of 2024 are listed below:Strong U.S. manufacturing: shipped 1.69 million microinverters and 6.7 megawatt hours of IQ Batteries Quarterly revenue of $382.7 million GAAP gross margin of 51.8%; non-GAAP...