Three Months

Investors Title Company Announces First Quarter 2024 Results

Retrieved on: 
Venerdì, Maggio 3, 2024
Legal, Commercial Building & Real Estate, Insurance, Construction & Property, Finance, Banking, Professional Services, Other Construction & Property, Residential Building & Real Estate, Federal Reserve, Investment, Housing, Security (finance), Federal, Unemployment, Three Months, ITIC, GAAP, Growth, Fraud

Investors Title Company (Nasdaq: ITIC) today announced results for the quarter ended March 31, 2024.

Key Points: 
  • Investors Title Company (Nasdaq: ITIC) today announced results for the quarter ended March 31, 2024.
  • Income before income taxes increased to $5.8 million for the current year quarter, versus $1.6 million in the prior year period.
  • Chairman J. Allen Fine commented, “We are pleased to report favorable results compared to the prior year period.
  • These statements involve a number of risks and uncertainties that could cause actual results to differ materially from anticipated and historical results.

Universal Electronics Reports Financial Results for the First Quarter 2024

Retrieved on: 
Giovedì, Maggio 2, 2024
Telecommunications, Software, Audio, Video, Hardware, Consumer Electronics, Technology, Mobile, Wireless, Security, Use, Universal Electronics, Adjustment, Three Months, HVAC, GAAP, UEI, Bank

Universal Electronics Inc. (UEI) (NASDAQ: UEIC) reported financial results for the three months ended March 31, 2024.

Key Points: 
  • Universal Electronics Inc. (UEI) (NASDAQ: UEIC) reported financial results for the three months ended March 31, 2024.
  • ET / 1:30 p.m. PT, to discuss its first quarter 2024 earnings results, review recent activity and answer questions.
  • UEI’s management uses these measures for reviewing the financial results of UEI for budget planning purposes and for making operational and financial decisions.
  • A reconciliation of these financial measures to the most directly comparable GAAP financial measures is included at the end of this press release.

Zymeworks Provides Corporate Update and Reports First Quarter 2024 Financial Results

Retrieved on: 
Giovedì, Maggio 2, 2024
Transfer, Breast cancer, FDA, The Transfer Agreement, Food, BTC, Research, Trastuzumab, MAA, Insurance, Jazz Pharmaceuticals, MSAT, Abstract, IND, ASCO, Disease, CD28, HER2, Tax, ADC, Three Months, Patient, Society, EMA, Bone marrow, BLA, Standard of care, AACR, Autoimmunity, European Medicines Agency, Pharmaceutical industry

In May 2024, our partner Jazz guided that their plans to submit a marketing authorization application (MAA) to the European Medicines Agency (EMA) for zanidatamab in BTC are proceeding.

Key Points: 
  • In May 2024, our partner Jazz guided that their plans to submit a marketing authorization application (MAA) to the European Medicines Agency (EMA) for zanidatamab in BTC are proceeding.
  • Financial Results for the Three Months Ended March 31, 2024
    Revenue was $10.0 million for the three months ended March 31, 2024 compared to $35.6 million for the same period in 2023.
  • Other income, net increased by $1.9 million for the three months ended March 31, 2024 compared to the same period in 2023.
  • Net loss for the three months ended March 31, 2024 was $31.7 million compared to $24.4 million loss for the same period in 2023.

Clearfield Reports Second Quarter 2024 Results

Retrieved on: 
Giovedì, Maggio 2, 2024
MSO, Share repurchase, Three Months, Webcast, Growth, Coal

Gross margin for the second quarter of fiscal 2024 was 7.7%, compared to 32.8% in the second quarter of fiscal 2023.

Key Points: 
  • Gross margin for the second quarter of fiscal 2024 was 7.7%, compared to 32.8% in the second quarter of fiscal 2023.
  • Operating expenses for the second quarter of fiscal 2024 increased 9.3% to $12.6 million, or 34.1% of net sales, from $11.5 million, or 16.0% of net sales, in the same year-ago quarter.
  • Net loss for the second quarter of fiscal 2024 totaled $5.9 million, or ($0.40) per diluted share, compared to net income of $10.4 million, or $0.67 per diluted share, in the same year-ago quarter.
  • This loss per share range is based on the number of shares outstanding at the end of the second quarter and does not reflect share repurchases completed in the third quarter.

Pactiv Evergreen Reports First Quarter 2024 Financial Results

Retrieved on: 
Giovedì, Maggio 2, 2024
Weather, Food, Depreciation, Drink, Transport, Public expenditure, Three Months, EPS, Pactiv Evergreen, Growth, Video game

LAKE FOREST, Ill., May 02, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (“Pactiv Evergreen” or the “Company”) today reported results for the first quarter of 2024. Michael King, President and Chief Executive Officer of Pactiv Evergreen, said, “The first quarter presented us with a challenging business environment characterized by the cumulative effect of sustained price inflation on consumer spending and weather related disruptions. However, I am proud of our dedicated employees who remained focused on executing and delivering exceptional value to our customers, enabling us to achieve results at the high end of our guidance range for the first quarter. We continue to take decisive actions to navigate these headwinds and position our business for long-term growth. We expect that our strategy, which emphasizes innovation, operational excellence and customer service, will continue to enable us to align with industry leaders and drive volume growth. As we look to the second quarter and the remainder of the year, we believe that our resilient team, coupled with our strategic initiatives and cost initiatives, will allow us to capitalize on opportunities and deliver results for our stakeholders.”

Key Points: 
  • First Quarter 2024 Financial Highlights:
    Net Revenues of $1,252 million for the first quarter of 2024 were down 13% compared to $1,431 million in the first quarter of 2023 and down 2% compared to $1,274 million in the fourth quarter of 2023.
  • Adjusted EPS1 of $0.14 for the first quarter of 2024 compared to $0.13 in the first quarter of 2023 and $0.33 in the fourth quarter of 2023.
  • LAKE FOREST, Ill., May 02, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (“Pactiv Evergreen” or the “Company”) today reported results for the first quarter of 2024.
  • First Quarter 2024 Results vs. First Quarter 2023 Results
    Net revenues in the first quarter of 2024 were $1,252 million compared to $1,431 million in the first quarter of 2023.

First Savings Financial Group, Inc. Reports Financial Results for The Second Fiscal Quarter Ended March 31, 2024

Retrieved on: 
Venerdì, Aprile 26, 2024
Sale, Common, FHLB, News, Bank, BEST, Savings bank, BANK, Insurance, Finance, Wealth, SBA, Three Months, Comparison, FDIC, GAAP, Growth

The core banking segment reported net income of $4.5 million, or $0.66 per diluted share for the quarter ended March 31, 2024.

Key Points: 
  • The core banking segment reported net income of $4.5 million, or $0.66 per diluted share for the quarter ended March 31, 2024.
  • Results of Operations for the Three Months Ended March 31, 2024 and 2023
    Net interest income decreased $574,000, or 3.9%, to $14.3 million for the three months ended March 31, 2024 as compared to the same period 2023.
  • Noninterest income decreased $3.8 million for the three months ended March 31, 2024 as compared to the same period in 2023.
  • Noninterest expense decreased $6.2 million for the three months ended March 31, 2024 as compared to the same period in 2023.

Casella Waste Systems, Inc. Announces First Quarter 2024 Results

Retrieved on: 
Giovedì, Aprile 25, 2024
Fiscal, Investment, Net, Depreciation, Municipal solid waste, Collection, Webcast, Liquidity, Public expenditure, Three Months, Acquisition, Casella Waste Systems, Adjustment, Recycling, GAAP, Growth, Casella, Bookkeeping

RUTLAND, Vt., April 25, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, today reported its financial results for the three-month period ended March 31, 2024.

Key Points: 
  • RUTLAND, Vt., April 25, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, today reported its financial results for the three-month period ended March 31, 2024.
  • Adjusted EBITDA, a non-GAAP measure, was $71.0 million for the quarter, up $20.4 million, or up 40.2%, from the same period in 2023.
  • Solid waste volumes were down year-over-year, as expected; however, this net trade-off improved margins,” Casella said.
  • The Company will host a conference call to discuss these results on Friday, April 26, 2024, at 10:00 a.m. Eastern Time.

Southside Bancshares, Inc. Announces Financial Results for the First Quarter Ended March 31, 2024

Retrieved on: 
Giovedì, Aprile 25, 2024
Sale, Investment, FHLB, FTE, AFS, Death, Software, SBSI, Insurance, Federal, Webcast, ETR, Retirement, Three Months, Loss, CDT, Workforce, FDIC, File, GAAP, Bank

TYLER, Texas, April 25, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended March 31, 2024.

Key Points: 
  • TYLER, Texas, April 25, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended March 31, 2024.
  • Earnings per diluted common share were $0.71 and $0.83 for the three months ended March 31, 2024 and 2023, respectively.
  • Linked quarter, net interest income decreased $1.1 million, or 2.1%, compared to $54.5 million during the three months ended December 31, 2023.
  • Southside's management team will host a conference call to discuss its first quarter ended March 31, 2024 financial results on Thursday, April 25, 2024 at 11:00 a.m. CDT.

Veritex Holdings, Inc. Reports First Quarter 2024 Operating Results

Retrieved on: 
Martedì, Aprile 23, 2024
Sale, LHI, Total, Central Time, Investment, FHLB, AFS, PIN, Federal Home Loan Banks, Share repurchase, Tangibility, ACL, Webcast, Three Months, Acquisition, FDIC, Government, GAAP, Thrive, Bank

Compared to the three months ended March 31, 2023, noninterest income for the three months ended March 31, 2024 decreased by $6.9 million, or 50.8%.

Key Points: 
  • Compared to the three months ended March 31, 2023, noninterest income for the three months ended March 31, 2024 decreased by $6.9 million, or 50.8%.
  • The dividend will be paid on or after May 24, 2024 to stockholders of record as of the close of business on May 10, 2024.
  • Specifically, Veritex reviews and reports tangible book value per common share; operating earnings; tangible common equity to tangible assets; return on average tangible common equity; pre-tax, pre-provision operating earnings; pre-tax, pre-provision operating return on average assets; pre-tax, pre-provision operating return on average loans; diluted operating earnings per share; operating return on average assets; operating return on average tangible common equity; and operating efficiency ratio.
  • The Company will host an investor conference call and webcast to review the results on Wednesday, April 24, 2024, at 8:30 a.m. Central Time.

Western New England Bancorp, Inc. Reports Results for Three Months Ended March 31, 2024 and Declares Quarterly Cash Dividend

Retrieved on: 
Martedì, Aprile 23, 2024
Sale, Investment, AFS, Safety, ICS, Commercial, HTM, Snow, Federal, ATM, CDARS, Software, Environment, Pressure, Three Months, FDIC, GAAP, Certificate

The net interest margin was 2.57% for the three months ended March 31, 2024 compared to 2.64% for the three months ended December 31, 2023.

Key Points: 
  • The net interest margin was 2.57% for the three months ended March 31, 2024 compared to 2.64% for the three months ended December 31, 2023.
  • The net interest margin, on a tax-equivalent basis, was 2.59% for the three months ended March 31, 2024, compared to 2.66% for the three months ended December 31, 2023.
  • Net Income for the Three Months Ended March 31, 2024 Compared to the Three Months Ended December 31, 2023.
  • Net Income for the Three Months Ended March 31, 2024 Compared to the Three Months Ended March 31, 2023.