Income statement

Delta Galil Reports Fourth Quarter and Full Year 2020 Results

Retrieved on: 
Wednesday, March 10, 2021
Luxury, Textiles, Department Stores, Other Retail, Specialty, Manufacturing, Fashion, Supply chain management, Retail, Online Retail, Profit, Finance, Fundamental analysis, Money, Economy, Income statement, Financial regulation, International Financial Reporting Standards, Earnings before interest, taxes, depreciation and amortization, Income, Net income

Net income for the fourth quarter of 2020 was $23.7 million, compared to $35.6 million in the fourth quarter last year.

Key Points: 
  • Net income for the fourth quarter of 2020 was $23.7 million, compared to $35.6 million in the fourth quarter last year.
  • Diluted earnings per share for the fourth quarter of 2020 were $0.94, compared to $1.39 in the fourth quarter of 2019.
  • EBITDA was $71.9 million in the fourth quarter of 2020, compared to $76.1 million in the fourth quarter of 2019.
  • Excluding IFRS 16, EBITDA for the fourth quarter of 2020 $55.6 million, compared to $60.7 million for the comparable fourth quarter of 2019.

Assurant to Sell Global Preneed to CUNA Mutual Group for $1.3 Billion

Retrieved on: 
Tuesday, March 9, 2021
Professional services, Insurance, Finance, Assurant, Income statement, United States Generally Accepted Accounting Principles, Share repurchase, Income, Finance, Service companies, Companies, Assurant, CUNA Mutual Group

Assurants 2020 adjusted net operating income per diluted share reflects adjusted net operating income of $605.4 million which has been revised to reflect Global Preneed as discontinued operations.

Key Points: 
  • Assurants 2020 adjusted net operating income per diluted share reflects adjusted net operating income of $605.4 million which has been revised to reflect Global Preneed as discontinued operations.
  • Assurant expects 2021 net operating income per diluted share, excluding catastrophe losses and Global Preneed4, to approximate 2020 reported results of $10.80.
  • The increase is expected to be driven by earnings growth in Global Lifestyle, improved Corporate & Other results and share repurchases, which should offset the earnings-per-share impact of the Global Preneed divestiture.
  • Additionally, Assurant expects:
    High single-digit earnings expansion in Global Lifestyle to be driven by Connected Living, and improved results in Global Financial Services.

Communities First Financial Corporation/Fresno First Bank to Webcast Live at VirtualInvestorConferences.com March 10th

Retrieved on: 
Thursday, March 4, 2021
Finance, Money, Economy, Income, Income statement, Investor, Revenue

This will be a live, interactive online event where investors are invited to ask the company questions in real-time.

Key Points: 
  • This will be a live, interactive online event where investors are invited to ask the company questions in real-time.
  • If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
  • It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.
  • Revenue (net interest income, before the provision for loan losses, plus non-interest income) increased by 35% to $10.07 million.

Ekinops: Robust performance in 2020: 16% EBITDA margin, net income doubled

Retrieved on: 
Wednesday, March 3, 2021
Finance, Money, Profit, Economy, Fundamental analysis, Tax law, Income statement, Earnings before interest, taxes, depreciation and amortization, Private equity, Amortization, Earnings before interest and taxes, Depreciation

2 EBITDA (Earnings before interest, taxes, depreciation and amortization) corresponds to current operating income restated for (i) amortization, depreciation, provisions, and (ii) charges related to share-based payments.

Key Points: 
  • 2 EBITDA (Earnings before interest, taxes, depreciation and amortization) corresponds to current operating income restated for (i) amortization, depreciation, provisions, and (ii) charges related to share-based payments.
  • Full-yearconsolidatedrevenuefor2020slid0.8%to92.8million.Atconstantexchangerates,full-year revenue edged up 0.2%, reflecting the Group's strong performance in a market disrupted by thepandemicanditseconomicconsequences.
  • Given the absence of material non-recurring income and expense items in 2020, operating income came to 3.3 million, up from 1.9 million in 2019.
  • Ekinops continued to benefit from a highly robust financial position, posting net cash3 of 18.1 million at 2020 year-end up from 14.0 million the previous year.

IBC Reports 2020 Earnings

Retrieved on: 
Thursday, February 25, 2021
Banking, Professional services, Finance, Fundamental analysis, Finance, Financial ratios, Corporate finance, Money, Economy, Earnings per share, Income statement, United States Generally Accepted Accounting Principles, Net income, Navistar International, Income

International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported annual net income for 2020 of $167.3 million or $2.62 diluted earnings per common share ($2.63 per share basic) compared to $205.1 million or $3.12 diluted earnings per common share ($3.13 per share basic), which represents a decrease of 16.0 percent in diluted earnings per share and an 18.4 percent decrease in net income over the corresponding period in 2019.

Key Points: 
  • International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported annual net income for 2020 of $167.3 million or $2.62 diluted earnings per common share ($2.63 per share basic) compared to $205.1 million or $3.12 diluted earnings per common share ($3.13 per share basic), which represents a decrease of 16.0 percent in diluted earnings per share and an 18.4 percent decrease in net income over the corresponding period in 2019.
  • Net income for the three months ended December 31, 2020 was $48.2 million or $.76 diluted earnings per common share ($.76 per share basic), compared to $51.7 million or $.78 diluted earnings per common share ($.79 per share basic) for the same period in 2019, representing a decrease of 6.8 percent in net income and a 2.6 percent decrease in diluted earnings per share.
  • We adopted the provisions of ASU 2016-13 on January 1, 2020, resulting in a transition from the long-standing incurred loss model to an expected credit loss model that recognizes credit losses over the life of a financial asset.
  • Under the new model, our provision for credit losses increased to $35.8 million, net of tax for the year ended December 31, 2020.

OptimizeRx Reports Q4 2020 Revenue Up 123% to Record $16.4 Million, Driving Net Income of $1.4 Million or $0.08 Per Share

Retrieved on: 
Wednesday, February 24, 2021
Income, Income statement

Revenue in the fourth quarter of 2020 increased 123% to a record $16.4 million, with the full year of 2020 up 76% to a record $43.3 million.

Key Points: 
  • Revenue in the fourth quarter of 2020 increased 123% to a record $16.4 million, with the full year of 2020 up 76% to a record $43.3 million.
  • Total revenue in the fourth quarter of 2020 increased 123% to a record $16.4 million versus $7.4 million in the same year-ago quarter.
  • Cash and cash equivalents totaled $10.5 million at December 31, 2020, as compared to $12.0 million at September 30, 2020.
  • Non-GAAP net income was $3.2 million or $0.20 per diluted share, compared to non-GAAP net income of $0.9 million or $0.07 per share in 2019.

Eagle Point Credit Company Inc. Announces Fourth Quarter 2020 and Year-End 2020 Financial Results

Retrieved on: 
Tuesday, February 23, 2021
Professional services, Finance, Investment management, Income statement, United States Generally Accepted Accounting Principles, Net asset value, Income, NAV, Net income, NII, Economy, Finance, Money

Eagle Point Credit Company Inc. (the Company) (NYSE: ECC, ECCB, ECCX, ECCY) today announced financial results for the quarter and fiscal year ended December 31, 2020, net asset value (NAV) as of December 31, 2020 and certain additional activity through February 9, 2021.

Key Points: 
  • Eagle Point Credit Company Inc. (the Company) (NYSE: ECC, ECCB, ECCX, ECCY) today announced financial results for the quarter and fiscal year ended December 31, 2020, net asset value (NAV) as of December 31, 2020 and certain additional activity through February 9, 2021.
  • NII less realized capital losses resulted in a net loss of $0.80 per weighted average common share for the fourth quarter of 2020.
  • Fourth quarter 2020 GAAP net income (inclusive of unrealized mark-to-market gains) of $95.2 million, or $2.98 per weighted average common share.
  • Our net investment income for the fourth quarter was $0.24 per common share, meeting our distribution level, added Mr. Majewski.

Global Payroll Management Institute Accepting Nominations for Its Second Global Payroll Titan Award

Retrieved on: 
Friday, February 19, 2021
Income statement, Employment compensation, Expense, Payroll, American Payroll Association, National Payroll Week

WASHINGTON, Feb. 19, 2021 /PRNewswire/ --The Global Payroll Management Institute (GPMI) is accepting nominations for its second annual Global Payroll Titan award on 11 February.

Key Points: 
  • WASHINGTON, Feb. 19, 2021 /PRNewswire/ --The Global Payroll Management Institute (GPMI) is accepting nominations for its second annual Global Payroll Titan award on 11 February.
  • The award, announced during the Global Payroll Week 2021 celebration, recognizes a professional who demonstrates measurable positive effects for their organization, a commitment to the global payroll industry, and an innovative approach to global payroll issues.
  • "The Global Payroll Titan award is designed to recognize and celebrate the global payroll professionals that pay employees around the world, accurately and on time, each and every payday," said Dan Maddux, president of the Global Payroll Management Institute.
  • The recipient of the Global Payroll Titan award will be announced on 30 April during Global Payroll Week 2021 .

OneSource Virtual Introduces Earned Wage Access via Payroll Card to Bring Convenience to Hundreds of Businesses and Millions of Employees

Retrieved on: 
Thursday, February 18, 2021
Income statement, Employment compensation, Expense, Payroll

Complementing its existing earned wage access capabilities, OSV is now offering employees 24/7 instant access to their wages through a payroll card.

Key Points: 
  • Complementing its existing earned wage access capabilities, OSV is now offering employees 24/7 instant access to their wages through a payroll card.
  • The payroll card is enabled by Money Network from Fiserv, a leading global provider of payments and financial services technology.
  • OSV serves nearly 600 Workday payroll customers and processes payroll for nearly two million employees.
  • "Our Money Network solution will help streamline payroll administration for OneSource Virtual customers while also empowering employees with ease of access to hard-earned wages."

ALLETE, Inc. Reports 2020 Earnings of $3.35 Per Share; Initiates 2021 Earnings Guidance; Anticipates Further Improvement In 2022

Retrieved on: 
Wednesday, February 17, 2021
Alternative energy, Energy, Utilities, Income, Income statement, Earnings, Fundamental analysis, Valuation, Financial ratios, Economy

Reported results from 2019 were $3.59 per share on net income of $185.6 million and operating revenue of $1.2 billion.

Key Points: 
  • Reported results from 2019 were $3.59 per share on net income of $185.6 million and operating revenue of $1.2 billion.
  • These decreases were partially offset by higher rates resulting from Minnesota Powers rate case and increased earnings related to the GNTL.
  • Net income in 2020 included earnings from the companys investment in the Nobles 2 wind facility which commenced operations in December 2020.
  • See page 5 in this release for a reconciliation of 2020 annual GAAP earnings guidance range to 2020 annual adjusted earnings guidance range (Non-GAAP).