Month: April 2025

FG Communities Completes Manufactured Housing Acquisition in Asheville Region

Written by Customer Service on April 29, 2025. Posted in Mergers And Acquisitions.

Acquisition further strengthens footprint in fast growing area MOORESVILLE, N.C., April 29, 2025 (GLOBE NEWSWIRE) — FG Communities, whose mission is to preserve and improve affordable housing by acquiring and operating manufactured housing communities, is excited to announce its most recent acquisition in Flat Rock, North Carolina. Flat Rock, part of the Asheville Metropolitan Statistical Area, is located within the picturesque Blue Ridge Mountain range, near many popular hiking and sightseeing destinations. Residents of the park can also reach downtown Asheville and the Biltmore Estate in just over a half hour. Growth in the Asheville market has led to a significant increase in housing prices. The Flat Rock manufactured housing community, along with our other communities in the nearby area, offers an affordable housing option...

Silicon Motion Announces Results for the Period Ended March 31, 2025

Written by Customer Service on April 29, 2025. Posted in Earnings Releases And Operating Results.

Business HighlightsFirst quarter of 2025 sales decreased 13% Q/Q and decreased 12% Y/YSSD controller sales: 1Q of 2025 decreased 10% to 15% Q/Q and decreased 20% to 25% Y/Y eMMC+UFS controller sales: 1Q of 2025 decreased 15% to 20% Q/Q and decreased 0% to 5% Y/Y SSD solutions sales: 1Q of 2025 decreased 20% to 25% Q/Q and decreased 35% to 40% Y/YAnnounced new $50 million share repurchase programFinancial Highlights 1Q 2025 GAAP 1Q 2025 Non-GAAP* • Net sales $166.5 million (-13% Q/Q, -12% Y/Y) $166.5 million (-13% Q/Q, -12% Y/Y) • Gross margin 47.1% 47.1% • Operating margin 5.9% 8.9% • Earnings per diluted ADS $0.58 $0.60* Please see supplemental reconciliations of U.S. Generally Accepted Accounting Principles (“GAAP”) to all non-GAAP financial measures mentioned herein towards the end of this news release. TAIPEI,...

Badger Infrastructure Solutions Ltd. Delivers Solid Growth in 2025 First Quarter Revenue, Adjusted EBITDA and Adjusted Net Earnings

Written by Customer Service on April 29, 2025. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, April 29, 2025 (GLOBE NEWSWIRE) — Badger Infrastructure Solutions Ltd. (“Badger”, the “Company”, “we”, “our” or “us”) (TSX:BDGI) reported first quarter results today. All results are presented in U.S. dollars unless otherwise stated. 2025 FIRST QUARTER OPERATIONAL HIGHLIGHTSRevenue was $172.6 million, up 7% from 2024. Gross profit margin was 25.5%, up from 24.8% in 2024. Adjusted EBITDA(1) improved to $33.8 million, up 16% from 2024. Adjusted EBITDA margin(1) rose to 19.6%, up from 18.1% in 2024. Revenue per truck per month (“RPT”)(1) was U.S.$35,034, compared to U.S.$35,138 in 2024 (Note: RPT will be reported in U.S. dollars going forward). Adjusted earnings per share(1) was $0.19, up 36% from 2024. The Company’s board of directors...

GBank Financial Holdings Inc. Announces First Quarter 2025 Financial Results

Written by Customer Service on April 29, 2025. Posted in Earnings Releases And Operating Results.

LAS VEGAS, April 29, 2025 (GLOBE NEWSWIRE) — GBank Financial Holdings Inc. (the “Company”) (OTCQX: GBFH), the parent company of GBank (the “Bank”), today reported net income for the quarter ended March 31, 2025 of $4.5 million, or $0.31 per diluted share, compared to $5.2 million, or $0.37 per diluted share during the fourth quarter of 2024, and $3.7 million, or $0.29 per diluted share, for the first quarter of 2024. First Quarter 2025 Financial Highlights (Unaudited)Net income of $4.5 million and diluted earnings per share of $0.31Net revenue(1) of $17.4 million, an increase of 31.4% compared to the first quarter of 2024SBA Lending and Commercial Banking loan originations of $133.0 million, compared to $136.6 million for the first quarter of 2024Gain on sale of loans of $2.5 million on loans...

Algoma Steel Group Reports Financial Results for the First Quarter 2025

Written by Customer Service on April 29, 2025. Posted in Earnings Releases And Operating Results.

Consolidated Revenue of $517.1 Million Shipments of 470K Tons, with an 11% Quarter over Quarter increase in Plate Product Shipments, at 91K Tons Net Loss of $24.5 Million and Adjusted EBITDA Loss of $46.7 Million, Including a $50 Million Insurance Proceeds Receivable First Steel Production from Transformative Electric Arc Furnace (“EAF”) Expected During Q2 2025 With no Material Change in Both Total Project Cost and 2025 EAF Production Expectations SAULT STE. MARIE, Ontario, April 29, 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, today announced results for its first quarter ended March 31, 2025. Unless otherwise specified, all amounts are in Canadian dollars. Business Highlights and First...

FAT Brands Announces Appointment of Taylor Wiederhorn as Co-CEO

Written by Customer Service on April 29, 2025. Posted in Public Companies.

Rob Rosen Transitions to Consulting Role at Global Restaurant Franchising Company LOS ANGELES, April 29, 2025 (GLOBE NEWSWIRE) — FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Round Table Pizza, Fatburger, Johnny Rockets and 15 other restaurant concepts, announces the appointment of Taylor Wiederhorn as Co-Chief Executive Officer. Effective today, April 29, Rob Rosen will transition from his role as Co-CEO to a consulting position focused on debt/capital markets for the company. Ken Kuick will continue to serve as Co-Chief Executive Officer and Chief Financial Officer. “For the last eight years, I have served as Chief Development Officer, overseeing the sale of thousands of new franchise locations across our portfolio of brands. Most recently, in 2023, I assumed the role of brand CEO for 15 of our concepts,” said...

Sound Financial Bancorp, Inc. Q1 2025 Results

Written by Customer Service on April 29, 2025. Posted in Earnings Releases And Operating Results.

SEATTLE, April 29, 2025 (GLOBE NEWSWIRE) — Sound Financial Bancorp, Inc. (the “Company”) (Nasdaq: SFBC), the holding company for Sound Community Bank (the “Bank”), today reported net income of $1.2 million for the quarter ended March 31, 2025, or $0.45 diluted earnings per share, as compared to net income of $1.9 million, or $0.74 diluted earnings per share, for the quarter ended December 31, 2024, and $770 thousand, or $0.30 diluted earnings per share, for the quarter ended March 31, 2024. The Company also announced today that its Board of Directors declared a cash dividend on the Company’s common stock of $0.19 per share, payable on May 23, 2025 to stockholders of record as of the close of business on May 9, 2025. Comments from the President / Chief Executive Officer and Chief Financial Officer “Despite...

Lake Shore Bancorp, Inc. Announces First Quarter 2025 Financial Results

Written by Customer Service on April 29, 2025. Posted in Earnings Releases And Operating Results.

DUNKIRK, N.Y., April 29, 2025 (GLOBE NEWSWIRE) — Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), reported unaudited net income of $1.1 million, or $0.19 per diluted share, for the first quarter of 2025 compared to net income of $1.0 million, or $0.17 per diluted share, for the first quarter of 2024. The Company’s financial performance for the first quarter of 2025 was positively impacted by an increase in net interest income along with a decrease in non-interest expenses because of efforts to optimize operating expenses while continuing to reduce its reliance on wholesale Federal Home Loan Bank of New York (“FHLBNY”) funding by $6.3 million. “Given the ongoing economic uncertainty, I am pleased with our first quarter 2025 performance,”...

CLIMATEROCK ANNOUNCES REVISED MONTHLY SPONSOR CONTRIBUTION OF $0.04 PER SHARE TO TRUST ACCOUNT FOR PROPOSED EXTENSION

Written by Customer Service on April 29, 2025. Posted in Public Companies.

London, April 29, 2025 (GLOBE NEWSWIRE) — ClimateRock (“ClimateRock” or the “Company”) (OTC: “CLRCF”, “CLRCUF”, “CLRWF”) announced today that, in connection with the Company’s upcoming extraordinary general meeting of shareholders (the “Special Meeting”) to consider and approve an extension of time for the Company to consummate an initial business combination from May 2, 2025 to November 2, 2025 (the “Extension”), U.N. SDG Support LLC (the “Sponsor”) or its designees have agreed to revise their intended contribution to support the Extension, such that they will contribute to the Company as a loan an aggregate of $0.04 for each Class A ordinary share that was sold in the Company’s initial public offering (the “Public Share”) that is not redeemed, for each calendar month (commencing on May 2, 2025 and on the 1st day of each subsequent...

Great Lakes Dredge & Dock Corporation Schedules Announcement of 2025 First Quarter Results

Written by Customer Service on April 29, 2025. Posted in Public Companies.

HOUSTON, April 29, 2025 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) today announced that it will release the financial results for its three months ended March 31, 2025, on Tuesday, May 6, 2025, at 7:00 a.m. C.D.T. A conference call with the Company will be held the same day at 9:00 a.m. C.D.T. Investors and analysts are encouraged to pre-register for the conference call by using the link below. Participants who pre-register will be given a unique PIN to gain immediate access to the call. Pre-registration may be completed at any time up to the call start time. To pre-register, go to https://register-conf.media-server.com/register/BI0a4a525f53334397beb24e7cfaae5758 The live call and replay can also be heard https://edge.media-server.com/mmc/p/c7ruzbn3 or on the Company’s website, www.gldd.com, under...

Month: April 2025

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