Regulation S-K

Rover Reports First Quarter 2023 Financial Results

Retrieved on: 
Monday, May 8, 2023

First quarter revenue increased to $41.1 million, up 48% year-over-year

Key Points: 
  • First quarter revenue increased to $41.1 million, up 48% year-over-year
    Gross booking value (GBV) of $209.4 million, up 36% year-over-year
    Total bookings of 1.5 million, up 27% year-over-year
    SEATTLE, May 08, 2023 (GLOBE NEWSWIRE) -- Rover Group, Inc. (“Rover” or the “Company”) (NASDAQ: ROVR), the world’s largest online marketplace for pet care, today announced financial results for the first quarter ended March 31, 2023.
  • “We had an excellent start to 2023 - delivering revenue growth of 48% while significantly expanding margins year over year," said Rover co-founder and CEO, Aaron Easterly.
  • Rover anticipates Adjusted EBITDA in the range of $29 - $34 million, a 15% margin at the midpoint of the projected range.
  • For more information regarding the non-GAAP financial measures discussed in this earnings release, please see "Non-GAAP Financial Measures" below.

FIGS Releases First Quarter 2023 Financial Results

Retrieved on: 
Thursday, May 4, 2023

FIGS, Inc. (NYSE: FIGS) (the “Company”), the direct-to-consumer apparel and lifestyle brand dedicated to the healthcare community, today released its first quarter 2023 financial results and published a financial highlights presentation on its investor relations website at ir.wearfigs.com/financials/quarterly-results/ .

Key Points: 
  • FIGS, Inc. (NYSE: FIGS) (the “Company”), the direct-to-consumer apparel and lifestyle brand dedicated to the healthcare community, today released its first quarter 2023 financial results and published a financial highlights presentation on its investor relations website at ir.wearfigs.com/financials/quarterly-results/ .
  • Daniella Turenshine, Chief Financial Officer, commented, “We are pleased with our financial results and believe that we are well positioned to drive accelerated growth once macro headwinds subside.
  • “Net income, as adjusted,” “diluted earnings per share, as adjusted,” “adjusted EBITDA” and “adjusted EBITDA margin” are non-GAAP financial measures.
  • ET to discuss the Company’s financial and business results and outlook.

Ecovyst Reports First Quarter 2023 Results

Retrieved on: 
Thursday, May 4, 2023

Ecovyst Inc. (NYSE: ECVT) (“Ecovyst” or the “Company”), a leading integrated and innovative global provider of specialty catalysts and services, today reported results for the first quarter ended March 31, 2023.

Key Points: 
  • Ecovyst Inc. (NYSE: ECVT) (“Ecovyst” or the “Company”), a leading integrated and innovative global provider of specialty catalysts and services, today reported results for the first quarter ended March 31, 2023.
  • “During the first quarter of 2023, demand trends across the majority of end uses served by Ecovyst remained favorable, and we currently expect demand fundamentals to provide opportunities for growth on a full-year basis.
  • “As our first quarter 2023 financial results were in line with our internal expectations, our Adjusted EBITDA guidance for full-year 2023 remains unchanged.”
    Sales for the quarter ended March 31, 2023 were $160.9 million, compared to $179.7 million in the first quarter of 2022.
  • On Thursday, May 4, 2023, Ecovyst management will review the first quarter results during a conference call and audio-only webcast scheduled for 11:00 a.m. Eastern Time.

Compass Diversified Reports First Quarter 2023 Financial Results

Retrieved on: 
Wednesday, May 3, 2023

WESTPORT, Conn., May 03, 2023 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced today its consolidated operating results for the three months ended March 31, 2023.

Key Points: 
  • “The strength and durability of our diversified subsidiaries were especially apparent in the first quarter,” said Elias Sabo, CEO of Compass Diversified.
  • But quarters like this give us confidence that CODI’s diversified subsidiaries are setup to drive strong long-term financial results, translating into meaningful shareholder value creation.”
    First Quarter 2023 Financial Summary vs.
  • Paid a first quarter 2023 cash distribution of $0.25 per share on CODI's common shares in April 2023.
  • Niche industrial net sales decreased 1% in the first quarter of 2023 to $176.6 million compared to the first quarter of 2022.

SEC Adopts Amendments to Modernize Share Repurchase Disclosure

Retrieved on: 
Wednesday, May 3, 2023

The amendments will improve disclosure and provide investors with enhanced information to assess the purposes and effects of share repurchases.

Key Points: 
  • The amendments will improve disclosure and provide investors with enhanced information to assess the purposes and effects of share repurchases.
  • “In 2021, buybacks amounted to nearly $950 billion and reportedly reached more than $1.25 trillion in 2022,” said SEC Chair Gary Gensler.
  • “Today’s amendments will increase the transparency and integrity of this significant means by which issuers transact in their own securities.
  • That’s good for investors, issuers, and the markets.”
    The amendments will require issuers to disclose daily quantitative share repurchase information either quarterly or semi-annually.

Malibu Boats, Inc. Announces Third Quarter Fiscal 2023 Results

Retrieved on: 
Wednesday, May 3, 2023

Net sales attributable to our Malibu segment decreased $6.3 million, or 3.5%, to $172.6 million for the three months ended March 31, 2023, compared to the three months ended March 31, 2022.

Key Points: 
  • Net sales attributable to our Malibu segment decreased $6.3 million, or 3.5%, to $172.6 million for the three months ended March 31, 2023, compared to the three months ended March 31, 2022.
  • Unit volume increased 167 units for the three months ended March 31, 2023 compared to the three months ended March 31, 2022.
  • Operating income for the third quarter of fiscal year 2023 decreased to $70.3 million from $71.5 million in the third quarter of fiscal year 2022.
  • The Company will host a webcast and conference call to discuss third quarter of fiscal year 2023 results on Wednesday, May 3, 2023, at 8:30 a.m. Eastern Time.

Blackbaud Announces 2023 First Quarter Results

Retrieved on: 
Wednesday, May 3, 2023

CHARLESTON, S.C., May 3, 2023 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading provider of software for powering social impact, today announced financial results for its first quarter ended March 31, 2023.

Key Points: 
  • Raises Full Year 2023 Financial Guidance; Accelerates Expectation for Achieving Rule of 40
    CHARLESTON, S.C., May 3, 2023 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading provider of software for powering social impact, today announced financial results for its first quarter ended March 31, 2023.
  • "2023 is off to a strong start," said Mike Gianoni, president and CEO, Blackbaud.
  • First Quarter 2023 Results Compared to First Quarter 2022 Results:
    GAAP total revenue was $261.8 million, up 1.8%, with $252.7 million in GAAP recurring revenue, up 3.3%.
  • For full year 2023, Blackbaud currently expects net cash outlays of $25 million to $35 million for ongoing legal fees related to the Security Incident.

The LGL Group Announces a Change of Auditor. Chairman of the Board Marc Gabelli Expresses His Appreciation for the Professionalism Provided by RSM

Retrieved on: 
Tuesday, May 2, 2023

The decision to change the Company’s independent registered public accounting firm from RSM to PKF was unanimously approved by the Committee.

Key Points: 
  • The decision to change the Company’s independent registered public accounting firm from RSM to PKF was unanimously approved by the Committee.
  • The Chairman of the Board of Directors of the Company, Marc Gabelli, expressed his appreciation for the professionalism provided by RSM during the past many years.
  • Marc Gabelli also welcomed PKF and thanked them for taking on the audit responsibility for LGL.
  • The Audit Committee has authorized RSM to respond fully to all inquiries of PKF.

United Rentals Announces Record First Quarter Results and Reaffirms Its Full-Year 2023 Guidance

Retrieved on: 
Wednesday, April 26, 2023

United Rentals, Inc. (NYSE: URI) today announced financial results for the first quarter of 2023 and reaffirmed its full-year 2023 guidance.

Key Points: 
  • United Rentals, Inc. (NYSE: URI) today announced financial results for the first quarter of 2023 and reaffirmed its full-year 2023 guidance.
  • Matthew Flannery, chief executive officer of United Rentals, said, “We're pleased with the start to 2023, as evidenced by the strength of our first quarter results across growth, profitability, and returns.
  • General rentals segment rental revenue increased 26.7% year-over-year, including the impact of the Ahern Rentals acquisition, to a first quarter record of $2.018 billion.
  • On a pro forma basis, including the pre-acquisition results of Ahern Rentals, first quarter rental revenue for general rentals increased 14.3% year-over-year.

MaxLinear, Inc. Announces First Quarter 2023 Financial Results

Retrieved on: 
Wednesday, April 26, 2023

MaxLinear, Inc. (Nasdaq: MXL), a leading provider of RF, analog, digital and mixed-signal integrated circuits, today announced financial results for the first quarter ended March 31, 2023.

Key Points: 
  • MaxLinear, Inc. (Nasdaq: MXL), a leading provider of RF, analog, digital and mixed-signal integrated circuits, today announced financial results for the first quarter ended March 31, 2023.
  • Non-GAAP income from operations was 28% of net revenue, compared to 33% in the prior quarter, and 33% in the year-ago quarter.
  • Non-GAAP diluted earnings per share was $0.74, compared to $1.07 in the prior quarter, and $1.00 in the year-ago quarter.
  • MaxLinear will host its first quarter financial results conference call today, April 26, 2023 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).