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Year: 2025

Diversified Royalty Corp. Announces Fourth Quarter and Year End 2024 Results

VANCOUVER, British Columbia, March 24, 2025 (GLOBE NEWSWIRE) — Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce its financial results for the three months (“Q4 2024”) and year ended December 31, 2024. HighlightsThe weighted average organic royalty growth1 of DIV’s diversified royalty portfolio was 5.9% in Q4 2024 and 5.0% for the year ended December 31, 2024, compared to 6.8% for the three months ended December 31, 2023 (“Q4 2023”) and 8.4% for the year ended December 31, 2023. The weighted average organic royalty growth1 on a constant currency basis was 5.4% in Q4 2024 and 4.8% for the year ended December 31, 2024. Revenue was $17.0 million in Q4 2024 and $65.0 million for the year ended December 31, 2024, up 3.9% and 15.0%, respectively, compared to the same periods in 2023. Adjusted...

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Enerpac Tool Group Reports Second Quarter Fiscal 2025 Results

Second Quarter of Fiscal 2025 Continuing Operations Highlights*Net sales were $146 million, a 5.1% increase compared to the prior year, with a 5.0% increase in organic sales.1 Operating profit margin was 21.2% and adjusted operating profit margin was 21.4% Net earnings were $20.9 million, or $0.38 per diluted share. Adjusted net earnings were $21.2 million, or $0.39 per diluted share. GAAP EPS and adjusted EPS increased 15% and 8% year-over-year, respectively. Adjusted EBITDA was $33.8 million and adjusted EBITDA margin was 23.2%. Returned $10 million to shareholders through share repurchases.*This press release contains financial measures in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) in addition to non-GAAP financial measures. Reconciliations of the non-GAAP financial measures to the comparable GAAP measures...

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UMH PROPERTIES, INC. COMPLETES ACQUISITION OF TWO NEW JERSEY MANUFACTURED HOME COMMUNITIES

FREEHOLD, NJ, March 24, 2025 (GLOBE NEWSWIRE) — UMH Properties, Inc. (NYSE: UMH; TASE: UMH) closed on the acquisition of two age-restricted manufactured home communities, located in Mantua, New Jersey, for a total purchase price of $24.6 million. These communities contain 266 developed homesites, of which 100% are occupied. They are situated on approximately 38 acres. Samuel A. Landy, President and Chief Executive Officer, commented, “We are pleased to complete the acquisition of Cedar Grove Park and Maplewood Village. These are two high-quality stabilized communities that contain all modern, homeowner occupied, manufactured homes. These communities are well-located near Philadelphia and experience strong demand for sales. This deal is expected to be accretive to earnings with additional upside through the brokerage of home sales....

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Power Solutions International Announces Record Fourth Quarter and Record Full Year 2024 Financial Results

Quarter Sales of $144.3 million, up 38% from a year earlier, Full Year Sales of $476.0 million, up 4% from a year earlier, Quarter Net Income of $23.3 million, up 178% from a year earlier, EPS $1.01 for the Quarter, Full Year Net Income of $69.3 million, up 163% from a year earlier, EPS $3.01 for the Full Year, Cash Flow Provided by Operating Activities $62.4 million in 2024 WOOD DALE, Ill., March 24, 2025 (GLOBE NEWSWIRE) — Power Solutions International, Inc. (the “Company” or “PSI”) (Nasdaq: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced record fourth quarter and full year 2024 financial results. Financial Highlights($ in millions, except per share amounts) Quarter Ended    December 31, 2024 December 31, 2023 ChangeNet sales $144.3 $104.8 38%Gross...

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iAnthus Reports Fiscal Fourth Quarter and Full Year 2024 Financial Results

NEW YORK and TORONTO, March 24, 2025 (GLOBE NEWSWIRE) — iAnthus Capital Holdings, Inc. (“iAnthus” or the “Company”) (CSE: IAN, OTCQB: ITHUF), which owns, operates, and partners with regulated cannabis operations across the United States, today reported its financial results for the fourth quarter and year ended December 31, 2024. The Company’s Annual Report on Form 10-K (the “Annual Report”), which includes its audited consolidated financial statements for the year ended December 31, 2024 and the related management’s discussion and analysis of financial condition and results of operations, can be accessed on the Securities and Exchange Commission’s (“SEC’s”) website at www.sec.gov, on the System for Electronic Document Analysis and Retrieval’s (SEDAR+) website at www.sedarplus.com, and on the Company’s website at www.iAnthus.com....

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Satellogic Reports 2024 Financial Results and Business Update

Revenue up 28% to $12.9 million in 2024 Redomicile to U.S. Nears Completion; Set to Accelerate Market Opportunities Completed $10 Million Private Placement Entered into $50 Million At-The-Market (ATM) Program NEW YORK, March 24, 2025 (GLOBE NEWSWIRE) — Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, today provided a business update and financial results for the year ended December 31, 2024. “The second half of 2024 was highlighted by commercial milestones, including a pivotal agreement with Maxar Intelligence granting them exclusive rights to task Satellogic’s high-revisit constellation and use our cost-effective satellite imagery to support national security missions for the U.S. Government and select U.S. partners internationally.” said Satellogic CEO, Emiliano Kargieman. “Additionally,...

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Baiya International Group Announces Closing of Initial Public Offering

Shenzhen, P.R. China, March 24, 2025 (GLOBE NEWSWIRE) — Baiya International Group Inc. (“BIYA” or the “Company”) (Nasdaq: BIYA) today announced the closing of its initial public offering of an aggregate of 2,500,000 ordinary shares, par value $0.0001 per share (“Ordinary Shares”), at an offering price of $4.00 per share to the public, for a total of $10,000,000 in gross proceeds to the Company, before deducting underwriting discounts and estimated offering expenses (the “Offering”). The Ordinary Shares began trading on the Nasdaq Capital Market under the ticker symbol “BIYA” on March 21, 2025. In addition, the Company has granted the underwriters a 45-day option, exercisable following the closing of the Offering, to purchase up to an additional 375,000 Ordinary Shares at the price of $4.00 per share (the “Overallotment”). Assuming...

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Coherent Introduces Pluggable High Dynamic Range QSFP OTDR

SAXONBURG, PA, March 24, 2025 (GLOBE NEWSWIRE) — Coherent Corp. (NYSE: COHR), a global leader in photonics, announces its latest advancement in fiber network diagnostics: a high-performance embedded Optical Time Domain Reflectometer (eOTDR) in a QSFP package. With an industry-leading 30 dB dynamic range, it enables precise, repeatable OTDR traces for spans up to 150 km—all in a compact, pluggable form factor.    With rising bandwidth demands, real-time fiber-plant health monitoring is critical for data center interconnects and telecom networks. The eOTDR provides precise fiber span measurements, including absolute loss, reflection values, and industry-standard SOR span traces. Combined with optical channel monitors, it delivers unmatched visibility into channel and system performance, enabling real-time optimization and predictive...

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Bassett Announces First Quarter Conference Call

BASSETT, Va., March 24, 2025 (GLOBE NEWSWIRE) — Bassett Furniture Industries, Inc. (Nasdaq: BSET) today announced it will host a conference call with management on Thursday, April 3, 2025, at 9:00 a.m. ET to discuss its fourth quarter 2024 financial results. The Company will issue its earnings release after the market closes on Wednesday, April 2, 2025. Chairman and CEO Rob Spilman will host the call, along with CFO Mike Daniel. The public is invited to listen to the conference call by webcast, accessible through the Company’s investor relations website, https://investors.bassettfurniture.comassettfurniture.com, or they can listen to the conference call via https://edge.media-server.com/mmc/p/b3vchwmf. The conference call will be archived for replay on the Company’s investor site. About Bassett Furniture Industries, Inc. Bassett...

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Linde and O-I Partner to Install OPTIMELT® TCR Technology at Holzminden, Germany, Plant to Improve Efficiency and Reduce Emissions

Danbury, Connecticut/Perrysburg, Ohio, March 24, 2025 (GLOBE NEWSWIRE) — O-I Glass, Inc. (“O-I Glass” or “O-I”) and Linde today announced plans to install Linde’s proprietary OPTIMELTTM Thermochemical Regenerator (TCR) technology at O-I’s container glass plant in Holzminden, Germany. This collaboration is expected to significantly reduce both fuel consumption and fuel-based Scope 1 carbon dioxide emissions for O-I, a global leader in glass manufacturing. Linde offers a broad range of technologies, including the patented OPTIMELTTM TCR technology, to help glass manufacturers increase the energy efficiency of their melting operations. This unique technology recovers waste heat from glass furnace flue gas to preheat and reform the natural gas feed. This decreases fuel consumption of the melting process by approximately 30% versus...

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