Earnings Releases And Operating Results

NN, Inc. Reports Third Quarter 2024 Results

Written by Customer Service on October 30, 2024. Posted in Earnings Releases And Operating Results.

Transformation agenda moving at a faster pace, with footprint changes and operating expense reductions; new business wins continue at a strong rate, expect 2025 year-over-year sales growth CHARLOTTE, N.C., Oct. 30, 2024 (GLOBE NEWSWIRE) — NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today reported its financial results for the third quarter ended September 30, 2024. Highlights New business wins in the quarter were $15 million, bringing year-to-date and trailing-21-month totals to $49 million and $113 million, respectively; on pace with full-year guidance; Continuing to lower the cost structure of our North American Mobile Solutions footprint to achieve a minimum 10% adjusted EBITDA margin rate through footprint optimization and overhead...

Farmers & Merchants Bancorp, Inc. Reports 2024 Third-Quarter and Year-to-Date Financial Results

Written by Customer Service on October 30, 2024. Posted in Earnings Releases And Operating Results.

ARCHBOLD, Ohio, Oct. 30, 2024 (GLOBE NEWSWIRE) — Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) today reported financial results for the 2024 third quarter and year-to-date ended September 30, 2024. 2024 Third Quarter Financial and Operating Highlights (on a year-over-year basis unless noted): 86 consecutive quarters of profitability Net income increased 36.4% to $6.5 million, or $0.48 per basic and diluted share, from $4.8 million, or $0.35 per basic and diluted share, and net income expanded 14.7% from the 2024 second quarter Net interest margin increased 12 basis points to 2.71% Efficiency ratio improved to 67.98%, compared to 73.07% for the same period a year ago, and 69.03% for the 2024 second quarter Total net loans remain stable at $2.54 billion at September 30, 2024 Total assets increased 4.8% to a record $3.39...

Badger Infrastructure Solutions Ltd. Delivers Solid Growth in 2024 Third Quarter Revenue, Adjusted EBITDA and Adjusted Net Earnings

Written by Customer Service on October 30, 2024. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, Oct. 30, 2024 (GLOBE NEWSWIRE) — Badger Infrastructure Solutions Ltd. (“Badger”, the “Company”, “we”, “our” or “us”) (TSX:BDGI) reported third quarter results today. All results are presented in U.S. dollars unless otherwise stated. 2024 THIRD QUARTER OPERATIONAL HIGHLIGHTS The Company achieved revenue of $209.4 million, up 7% from 2023. U.S. revenue was $185.4 million (89% of total revenue), up 10% from 2023. Canada revenue was $24.0 million (11% of total revenue), down 12% from 2023. Gross profit margin of 32.5%, up from 32.1% in 2023. Adjusted EBITDA(1) improved to $58.3 million, up 11% from 2023. Adjusted EBITDA margin(1) rose to 27.8%, up from 26.9% in 2023. Revenue per truck per month (“RPT”)(1) for the quarter was $46,851, compared to $49,079 in 2023. Adjusted earnings per share(1) was $0.73 per share,...

Timbercreek Financial Announces 2024 Third Quarter Results

Written by Customer Service on October 30, 2024. Posted in Earnings Releases And Operating Results.

TORONTO, Oct. 30, 2024 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) announced today its financial results for the three and nine months ended September 30, 2024 (“Q3 2024”). Q3 2024 Highlights1 The net mortgage investment portfolio increased by $14.1 million to $1,017.6 million at the end of Q3 2024 from $1,003.4 million at the end of Q2 2024 (Q3 2023 – $1,068.6 million). Net investment income of $25.4 million compared to $30.3 million in Q3 2023. Net income and comprehensive income of $14.1 million (Q3 2023 – $16.5 million) or basic earnings per share of $0.17 (Q3 2023 – $0.20). Distributable income of $15.0 million (Q3 2023 – $16.8 million) or distributable income per share of $0.18 (Q3 2023 – $0.20 per share). Declared a total of $14.3 million in dividends to shareholders, or $0.17 per share, reflecting...

Carriage Services Announces Strong Third Quarter 2024 Results and Increases Full-Year 2024 Outlook

Written by Customer Service on October 30, 2024. Posted in Earnings Releases And Operating Results.

Conference call on Thursday, October 31, 2024 at 9:30 a.m. central time HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) — Carriage Services, Inc. (NYSE: CSV) today announced its financial results for the third quarter ended September 30, 2024. Company Highlights: A 27.1% increase in consolidated cemetery preneed sales, and an increase of 3.1% in consolidated funeral average revenue per contract, helped drive revenue of $100.7 million, representing growth of 11.3% over the prior year quarter; GAAP net income growth of 112.4%, and Adjusted Consolidated EBITDA growth of 26.7%, over the prior year quarter; GAAP diluted EPS of $0.63 and adjusted diluted EPS of $0.64, compared to $0.30 and $0.33 in the prior year quarter, a growth of 110% and 94%, respectively; Leverage ratio lowered to 4.3x from 5.3x at the same period last year, as the Company...

Allied Announces Third-Quarter Results

Written by Customer Service on October 30, 2024. Posted in Earnings Releases And Operating Results.

TORONTO, Oct. 30, 2024 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX: “AP.UN”) today announced results for the three months ended September 30, 2024. “Our occupied and leased area remained steady for the second consecutive quarter, and our urban workspace portfolio continued to outperform the market,” said Cecilia Williams, President & CEO. “With demand rising in Canada’s major cities, we expect our leasing activity to accelerate over the remainder of the year and into 2025.” Operations Allied’s portfolio is comprised of three urban workspace formats. Allied Heritage is a format created through the adaptive re-use of light industrial structures for office use above grade and retail use at grade. The buildings are inherently distinctive, clustered in the urban core...

Superior Energy Services Announces Third Quarter 2024 Results and Conference Call

Written by Customer Service on October 30, 2024. Posted in Earnings Releases And Operating Results.

HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) — Superior Energy Services, Inc. (the “Company”) filed its Form 10-Q for the period ended September 30, 2024. In accordance with the Company’s Shareholders Agreement, it will host a conference call with shareholders on November 1, 2024. For the third quarter of 2024, the Company reported net income from continuing operations of $21.9 million, or $1.09 per diluted share, with revenue of $197.3 million. This compares to net income from continuing operations of $29.5 million or $1.46 per diluted share, with revenue of $201.1 million, for the second quarter of 2024. The Company’s Adjusted EBITDA (a non-GAAP measure defined on page 4) was $57.8 million compared to $60.0 million for the second quarter of 2024. Refer to pages 11 and 12 for a reconciliation of Adjusted EBITDA to GAAP results. Third...

Pilgrim’s Pride Reports Third Quarter 2024 Results with $4.6 Billion in Net Sales and Operating Income of $508.4 Million

Written by Customer Service on October 30, 2024. Posted in Earnings Releases And Operating Results.

GREELEY, Colo., Oct. 30, 2024 (GLOBE NEWSWIRE) — Pilgrim’s Pride Corporation (NASDAQ: PPC), one of the world’s largest poultry producers, reports its third quarter 2024 financial results. Third Quarter Highlights Net Sales of $4.6 billion. Consolidated GAAP operating income margin of 11.1%. GAAP Net Income of $350.0 million and GAAP EPS of $1.47. Adjusted Net Income of $387.0 million or Adjusted EPS of $1.63. Adjusted EBITDA of $660.4 million, or a 14.4% margin. Our U.S. Fresh portfolio continued to improve through progress in operational excellence, strong demand, and enhanced mix. Overall chicken demand was strong given competitive pricing and value delivered to the consumer, with our Key Customers expanding faster than category averages in the Case Ready and Small Bird segments. The Commodity segment improved given continued...

Altair Announces Third Quarter 2024 Financial Results

Written by Customer Service on October 30, 2024. Posted in Earnings Releases And Operating Results.

TROY, Mich., Oct. 30, 2024 (GLOBE NEWSWIRE) — Altair (Nasdaq: ALTR), today released its financial results for the third quarter and nine months ended September 30, 2024. Immediately prior to the dissemination of this press release, Altair issued a press release announcing that it has entered into a merger agreement with a subsidiary of Siemens pursuant to which Altair will be acquired and stockholders of Altair will receive cash merger consideration as more fully described in that press release. Third Quarter 2024 Financial Results Software revenue was $138.7 million compared to $119.1 million for the third quarter of 2023, an increase of 16.5% in reported currency and 16.2% in constant currency Total revenue was $151.5 million compared to $134.0 million for the third quarter of 2023, an increase of 13.0% in reported currency...

Rush Street Interactive Announces Third Quarter 2024 Results and Raises Full Year Guidance

Written by Customer Service on October 30, 2024. Posted in Earnings Releases And Operating Results.

– Third Quarter Revenue of $232 Million, up 37% Year-over-Year –– Third Quarter Net Income of $3.2 Million –– Strong Momentum Continues with Third Quarter Adjusted EBITDA of $23 Million –– Raising Full Year 2024 Adjusted EBITDA Guidance 24% at the Midpoint with a Revised Range of Between $82 and $86 Million –– Announces Share Repurchase Authorization of $50 Million – CHICAGO, Oct. 30, 2024 (GLOBE NEWSWIRE) — Rush Street Interactive, Inc. (NYSE: RSI) (“RSI”), a leading online casino and sports betting company in the United States and the rest of the Americas, today announced financial results for the third quarter ended September 30, 2024. Third Quarter 2024 and Recent Highlights Revenue was $232.1 million during the third quarter of 2024, an increase of 37%, compared...

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