Day: March 4, 2025

Silvaco Expands Product Offering with Acquisition of Cadence’s Process Proximity Compensation Product Line

Written by Customer Service on March 4, 2025. Posted in Mergers And Acquisitions.

SANTA CLARA, Calif., March 04, 2025 (GLOBE NEWSWIRE) — Silvaco Group, Inc. (Nasdaq: SVCO) (“Silvaco” or the “Company”), a provider of TCAD, EDA software and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, today announced the strategic acquisition of the Process Proximity Compensation (“PPC”) product line of Cadence (Nasdaq: CDNS). The addition of the PPC product line – an optical proximity correction (“OPC”) suite of tools highly complementary to Silvaco’s EDA and TCAD suite, along with its cutting-edge technology and talented team, will strengthen Silvaco’s market position and accelerate its mission to empower customers in designing next-generation semiconductor processes and devices with greater accuracy and efficiency. The Company expects this acquisition to...

CMB.TECH buys Hemen stake in Golden Ocean

Written by Customer Service on March 4, 2025. Posted in Public Companies.

Press release Belgium, March 04, 2025 (GLOBE NEWSWIRE) — CMB.TECH NV (NYSE: CMBT & Euronext: CMBT) (“CMB.TECH” or the “Company”) is pleased to announce that it has entered into a share purchase agreement with Hemen Holding Limited (“Hemen”), for the acquisition of 81,363,730 shares in Golden Ocean Group Limited (“Golden Ocean”) (NASDAQ: GOGL & Euronext: GOGL) (representing ca. 40.8%[1] of Golden Ocean’s outstanding shares and votes which includes all Golden Ocean shares controlled by Hemen), at a price of 14.49 USD per share (the “Transaction”). The Transaction will not trigger a mandatory takeover bid or similar offer in Bermuda, Norway, the United States, or any other jurisdiction. This acquisition is in line with CMB.TECH’s strategic objective of diversification, with the Company intending to become a long-term shareholder...

Fuel Tech Reports 2024 Fourth Quarter and Full Year Financial Results

Written by Customer Service on March 4, 2025. Posted in Earnings Releases And Operating Results.

WARRENVILLE, Ill., March 04, 2025 (GLOBE NEWSWIRE) — Fuel Tech, Inc. (NASDAQ: FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today reported financial results for the fourth quarter (Q4) and full year ended December 31, 2024. “Revenues for full year 2024 came in at the lower end of our guidance range of $25 million to $26 million, due primarily to the impact of delayed project execution and to the timing of Air Pollution Control (APC) awards offset by a stronger performance at our FUEL CHEM® business segment,” said Vincent J. Arnone, President and CEO. “We continued our stewardship of selling, general and administrative expenses and ended the year in a strong financial position, with approximately $30 million...

Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares First Quarter Common Stock Distribution of $0.1305 Per Share

Written by Customer Service on March 4, 2025. Posted in Dividend Reports And Estimates.

TORONTO, March 04, 2025 (GLOBE NEWSWIRE) — Sprott Focus Trust, Inc. (Nasdaq-FUND) (the “Fund” or “FUND”) has declared a quarterly distribution of $0.1305 per share on its Common Stock. The distribution, optionally payable in additional shares of Common Stock or in cash by specific stockholder election, is to be paid on March 28, 2025 to stockholders of record at the close of business on March 14, 2025 (ex-dividend on March 14, 2025). The price of shares issued for reinvestment will be determined on March 21, 2025. The Fund currently has adopted a Distribution Policy of paying quarterly distributions on its Common Stock. Distributions are being made at the annual rate of 6% of the rolling average of the prior four calendar quarter-end net asset values (“NAVs”), with the fourth quarter distribution being the greater of 1.50% of the...

Enstar Completes Previously Announced Transaction with Atrium Syndicate 609

Written by Customer Service on March 4, 2025. Posted in Mergers And Acquisitions.

HAMILTON, Bermuda, March 04, 2025 (GLOBE NEWSWIRE) — Enstar Group Limited (“Enstar”) (Nasdaq: ESGR) announced today its Lloyd’s syndicate (“Syndicate 2008”), managed by Enstar Managing Agency Limited, has completed the previously announced transaction with Atrium Syndicate 609, managed by Atrium Underwriters Limited. Under the terms of the loss portfolio transfer agreement, Atrium Syndicate 609 ceded net loss reserves of approximately $196 million, based on Atrium’s carried reserves as at Q3 2024, to Enstar’s Syndicate 2008. The reinsurance relates to business underwritten in the 2023 and prior years of account, with all claims handling transferring to Syndicate 2008. Completion of the transaction followed receipt of regulatory approvals and satisfaction of various other closing conditions. About Enstar Enstar is a NASDAQ-listed...

Teknova Reports Fourth Quarter and Full Year 2024 Financial Results

Written by Customer Service on March 4, 2025. Posted in Earnings Releases And Operating Results.

Full year 2024 total revenue was $37.7 million, up 3% year-over-year and in line with guidanceFourth quarter 2024 total revenue was $9.3 million, up 18% over the same quarter prior yearCompany provides 2025 revenue guidance of $39-42 million HOLLISTER, Calif., March 04, 2025 (GLOBE NEWSWIRE) — Alpha Teknova, Inc. (“Teknova” or the “Company”) (Nasdaq: TKNO), a leading producer of critical reagents for the discovery, development, and commercialization of novel therapies, vaccines, and molecular diagnostics, today announced financial results for the fourth quarter and full year ended December 31, 2024. “I am very proud of our execution in 2024, across-the-board,” said Stephen Gunstream, President and Chief Executive Officer at Teknova. “We brought in new clinical customers, improved operational efficiency, and managed expenses while,...

Gulf Island Reports Fourth Quarter and Full Year 2024 Results

Written by Customer Service on March 4, 2025. Posted in Earnings Releases And Operating Results.

THE WOODLANDS, Texas, March 04, 2025 (GLOBE NEWSWIRE) — Gulf Island Fabrication, Inc. (NASDAQ: GIFI) (“Gulf Island” or the “Company”), a leading steel fabricator and service provider to the industrial and energy sectors, today announced its results for the fourth quarter and full year 2024. FOURTH QUARTER 2024 SUMMARYConsolidated revenue of $37.4 million; Adjusted consolidated revenue of $37.3 million Consolidated net income of $4.3 million; Adjusted consolidated EBITDA of $3.7 million Services division operating income of $0.9 million; EBITDA of $1.4 million Fabrication division operating income of $4.0 million; EBITDA of $4.6 million Cash and short-term investments balance of $67.3 million at December 31, 2024FULL YEAR 2024 SUMMARYConsolidated revenue of $159.2 million; Adjusted consolidated revenue of $158.1 million Consolidated...

Orion Group Holdings Reports Fourth Quarter and Full Year 2024 Results

Written by Customer Service on March 4, 2025. Posted in Earnings Releases And Operating Results.

HOUSTON, March 04, 2025 (GLOBE NEWSWIRE) — Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the fourth quarter and full year ended December 31, 2024. Highlights for the quarter ended December 31, 2024:Contract revenues increased 7.6% to $216.9 million versus the prior year period GAAP net income of $6.8 million or $0.17 per diluted share compared to a GAAP net loss of $4.4 million or a loss of $0.13 per diluted share year-over-year Adjusted net income of $6.4 million or $0.16 per diluted share versus Adjusted net income of $2.3 million or $0.07 per diluted share in the fourth quarter last year Adjusted EBITDA increased 15.3% to $17.1 million compared to the prior year period Cash flow from operations of $13.4 million Contracted backlog,...

Cricut, Inc. Reports Fourth Quarter and Full Year 2024 Financial Results

Written by Customer Service on March 4, 2025. Posted in Earnings Releases And Operating Results.

Delivered 8th consecutive year of profitability with net income of $62.8 million, or 8.8% marginNet Income increased 17% or $9.2 million, compared to 2023Generated $265.0 million in Cash from Operations in 2024Paid subscribers increased to 2.96 million, up 7% over FY 2023FY 2024 revenue of $712.5 million, a 7% decline compared to FY 2023 SOUTH JORDAN, Utah, March 04, 2025 (GLOBE NEWSWIRE) — Cricut, Inc. (“Cricut”) (NASDAQ: CRCT), the creative technology company that has brought a connected platform for making to millions of users worldwide, today announced financial results for its fourth quarter and full year ended December 31, 2024. “We have a strong conviction in our category and the overall market potential. While our opportunity is sizeable, even in the shorter term, we are disappointed with our inability to execute...

Weyco Reports Fourth Quarter and Full Year 2024 Results

Written by Customer Service on March 4, 2025. Posted in Earnings Releases And Operating Results.

MILWAUKEE, March 04, 2025 (GLOBE NEWSWIRE) — Weyco Group, Inc. (NASDAQ: WEYS) (“we,” “our,” “us” and the “Company”) today announced financial results for the quarter and year ended December 31, 2024. Fourth Quarter 2024 OverviewNet sales: $80.5 million (flat with Q4 2023) Gross earnings: 47.9% of net sales (down compared to 50.3% of net sales in Q4 2023) Earnings from operations: $11.5 million (flat with Q4 2023) Net earnings: $10.0 million (up 17% compared to $8.5 million in Q4 2023) Diluted earnings per share: $1.04 (up from $0.90 in Q4 2023)North American Wholesale Segment Net sales in our wholesale segment totaled $60.4 million in the fourth quarter of 2024, up 1% compared to $59.6 million in the fourth quarter of 2023. Higher sales of our Florsheim and Nunn Bush brands were mostly offset by lower sales of BOGS and Stacy...

Day: March 4, 2025

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