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Day: March 5, 2025

Global Water Resources Reports Full Year 2024 Results

PHOENIX, March 05, 2025 (GLOBE NEWSWIRE) — Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, reported results for the full year ended December 31, 2024. All comparisons are to the same year-ago period unless otherwise noted. The company will hold a conference call at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below). Financial HighlightsRegulated revenue increased 4.9% to $52.7 million, primarily due to organic connection growth. Total revenue decreased 0.6% to $52.7 million, with the decline due to $2.8 million in unregulated revenue related to infrastructure coordination and financing agreements (ICFAs) in 2023 that did not recur in 2024. Net income decreased 27.5% to $5.8 million or $0.24 per share, compared to $0.33 per share in 2023. The primary...

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ArrowMark Financial Corp. Announces Special Distribution of $0.10 and Regular Cash Distribution of $0.45 per Share for the First Quarter 2025

DENVER, March 05, 2025 (GLOBE NEWSWIRE) — ArrowMark Financial Corp. (Nasdaq: BANX) (“ArrowMark Financial” or the “Company”), an SEC registered closed-end management investment company, today announced that its Board of Directors has declared a special cash distribution of $0.10 per share generated from excess income, and a regular cash distribution of $0.45 per share for the first quarter 2025. The total distribution of $0.55 per share will be payable on March 27, 2025 to shareholders of record on March 20, 2025. “We are very pleased to announce a special distribution for Q1 2025 along with the regular quarterly distribution of $0.45. We believe this distribution reflects the Fund’s ability to consistently over-earn its declared quarterly distribution rate. ArrowMark Financial is committed to providing consistent...

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Badger Infrastructure Solutions Ltd. Delivers Solid Growth in 2024 Full Year Revenue, Adjusted EBITDA, Adjusted Net Earnings and a 4.2% Dividend Increase

CALGARY, Alberta, March 05, 2025 (GLOBE NEWSWIRE) — Badger Infrastructure Solutions Ltd. (“Badger”, the “Company”, “we”, “our” or “us”) (TSX:BDGI) reported fourth quarter and 2024 annual results today. All results are presented in U.S. dollars unless otherwise stated. 2024 FOURTH QUARTER AND ANNUAL FINANCIAL AND OPERATIONAL HIGHLIGHTSThe Company achieved revenue of $187.2 million for the quarter and $745.0 for the year, up 8% and 9%, respectively, from 2023. Gross profit margin improved to 29.5% for the quarter and 29.3% for the year, up from 26.2% and 27.9%, respectively, from 2023. Adjusted EBITDA(1) improved to $44.0 million for the quarter and $176.1 for the year, up 28% and 17%, respectively, from 2023. Adjusted EBITDA margin(1) rose to 23.5% for the quarter and 23.6% for the year, up from 19.9% and 22.0%, respectively,...

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Dada Announces Unaudited Fourth Quarter and Fiscal Year 2024 Financial Results

SHANGHAI, China, March 05, 2025 (GLOBE NEWSWIRE) — Dada Nexus Limited (NASDAQ: DADA, “Dada”, the “Company”, or “we”), China’s leading local on-demand retail and delivery platform, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024. Fourth Quarter 2024 Financial Results Total net revenues were RMB2,432.7 million in the fourth quarter of 2024, compared with RMB2,752.2 million in the same quarter of 2023. Beginning with the second quarter of 2024, the Company changed the presentation of disaggregated revenues to better reflect its lines of business. The table below sets forth the disaggregation of revenues for the three months ended December 31, 2024, with prior period financial results retrospectively recast to conform to current period presentation.    For the three...

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Descartes Announces Fiscal 2025 Fourth Quarter and Annual Financial Results

Record Income from Operations WATERLOO, Ontario and ATLANTA, March 05, 2025 (GLOBE NEWSWIRE) — The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX) announced its financial results for its fiscal 2025 fourth quarter (Q4FY25) and year (FY25) ended January 31, 2025. All financial results referenced are in United States (US) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles (GAAP). “Fiscal 2025 was another year of growth for Descartes, highlighted by the addition of numerous complementary services to the Global Logistics Network,” said Edward J. Ryan, Descartes’ CEO. “We believe these investments can help shippers, carriers, and logistics services providers manage the increased uncertainty and complexity that’s recently been introduced...

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AirBoss Reports 4th Quarter and Full Year 2024 Results

NEWMARKET, Ontario, March 05, 2025 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX: BOS) (OTCQX: ABSSF) (the “Company” or “AirBoss”) today announced its unaudited fourth quarter and annual 2024 results. The Company will host a conference call and webcast to discuss the results on March 6, 2025 at 9:00 a.m. (ET), the details of which are outlined below. This earnings press release should be read in conjunction with our Management Discussion & Analysis and Audited Consolidated Financial Statements for the year ended December 31, 2024, which will be filed with the securities regulators in Canada on or about March 10, 2025. These documents will be made available at https://airboss.com/investor-center/ and www.sedarplus.ca. All dollar amounts are shown in thousands of United States dollars (“US $” or “$”),...

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Arq Reports Fourth Quarter and Full Year 2024 Results

Delivered 10% YoY growth in FY 2024 revenue driven by PAC business turnaround and 7th straight quarter of double-digit YoY ASP growth Grew FY 2024 gross margins by approximately 410 bps YoY to 36.2% and achieved 3rd consecutive quarter of positive Adjusted EBITDA, highlighting sustained foundational PAC business improvement Exited 2024 with a stronger financial position, successfully completing a $30 million ABL facility which lowers financing costs, increases capacity, and enhances liquidity Development of transformational GAC facility continues; first production anticipated prior to quarter end in line with ramp up to 25 million pounds nameplate capacity in H2 2025 GREENWOOD VILLAGE, Colo., March 05, 2025 (GLOBE NEWSWIRE) — Arq, Inc. (NASDAQ: ARQ) (the “Company” or “Arq”), a producer of activated carbon...

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Melcor REIT and Melcor Developments Announce Support of Arrangement by Telsec and Firm Capital

EDMONTON, Alberta, March 05, 2025 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (“Melcor REIT” or the “REIT”) (TSX: MR.UN) and Melcor Developments Ltd. (“Melcor” or the “Company”) (TSX: MRD) today announced that Melcor REIT and Melcor have entered into voting support agreements (the “Voting Support Agreements”) with each of Telsec Property Corporation, Richard Van Grieken, Bonnie Van Grieken and Kris Van Grieken (collectively, the “Telsec Group”) and FC Private Equity Realty Management Corp. and its affiliates (collectively, the “FC Group”) in connection with Melcor’s proposed acquisition of Melcor REIT. As previously announced, Melcor REIT and Melcor entered into an amended and restated arrangement agreement (the “Amended Agreement”) dated November 24, 2024 with Melcor REIT GP Inc. Pursuant to the terms of the Amended...

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NewLake Capital Partners Reports Fourth Quarter and Full-Year 2024 Financial Results; Declared First Quarter 2025 Common Stock Dividend of $0.43 per Share

Fourth Quarter 2024 Revenue totaled $12.5 MillionFull Year 2024 Revenue totaled $50.1 Million, an increase of 6.0% Year-Over-Year Fourth Quarter 2024 Net Income Attributable to Common Stockholders totaled $6.0 Million, Funds From Operations totaled $9.9 Million, and Adjusted Funds From Operations totaled $10.9 MillionFull Year 2024 Net Income Attributable to Common Stockholders totaled $26.1 Million, Funds From Operations totaled $41.3 Million, and Adjusted Funds From Operations totaled $43.7 Million Conference Call and Webcast Scheduled for March 6, 2025 at 11 a.m. Eastern Time NEW CANAAN, Conn., March 05, 2025 (GLOBE NEWSWIRE) — NewLake Capital Partners, Inc. (OCTQX: NLCP) (the “Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, today announced its financial results for the...

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Ring Energy Announces Fourth Quarter and Full Year 2024 Results, Year-End 2024 Proved Reserves, and 2025 Guidance

THE WOODLANDS, Texas, March 05, 2025 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for the fourth quarter and full year 2024, year-end 2024 proved reserves and provided 2025 operational and financial guidance. Fourth Quarter 2024 HighlightsRecorded net income of $5.7 million, or $0.03 per diluted share; Reported Adjusted Net Income1 of $12.3 million, or $0.06 per diluted share; Sold 19,658 barrels of oil equivalent per day (“Boe/d”), exceeding midpoint of guidance and 12,916 barrels of oil per day (“Bo/d”); Held all-in cash operating costs1 (on a Boe basis) substantially flat with Q3 2024; Reduced total capital expenditures by 12% to $37.6 million as compared to Q3 2024; Recorded Adjusted Cash Flow from Operations1 of $42.2 million and delivered...

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