Profit

BorgWarner Reports First Quarter 2020 U.S. GAAP Net Earnings of $0.63 Per Diluted Share, or $0.77 Per Diluted Share Excluding Non-Comparable Items

Retrieved on: 
Wednesday, May 6, 2020
Fundamental analysis, Economy, Financial ratios, Profit, Corporate finance, Earnings per share, Finance, Money, Net income

Net income for the first quarter 2020 was $129 million, or $0.63 per diluted share, compared with $160 million, or $0.77 per diluted share, for the first quarter 2019.

Key Points: 
  • Net income for the first quarter 2020 was $129 million, or $0.63 per diluted share, compared with $160 million, or $0.77 per diluted share, for the first quarter 2019.
  • net income per share for the first quarter 2020 was $0.77, down from $1.00 for the first quarter 2019.
  • net income for the first quarter 2020 excluded net non-comparable items of $(0.14) per diluted share.
  • net income for the first quarter 2019 excluded net non-comparable items of $(0.23) per diluted share.

 Perion Reports $1.3 Million in GAAP Net Income and $6.2 Million in Adjusted EBITDA for the First Quarter 2020

Retrieved on: 
Wednesday, May 6, 2020
Data management, Technology, Professional services, Marketing, Advertising, Communications, Social media, Software, Audio, Video, Internet, Finance, Profit, Economy, Finance, Earnings before interest, taxes, depreciation, and amortization, Fundamental analysis, Private equity, Income, Money, Net income

Net Income: On a GAAP basis, net income in the first quarter of 2020 was $1.3 million, or 2% of revenues as compared to a net income of $1.2 million, or 2.3% of revenues, in the first quarter of 2019.

Key Points: 
  • Net Income: On a GAAP basis, net income in the first quarter of 2020 was $1.3 million, or 2% of revenues as compared to a net income of $1.2 million, or 2.3% of revenues, in the first quarter of 2019.
  • Non-GAAP Net Income: In the first quarter of 2020, non-GAAP net income was $5.0 million, or 8% of revenues, compared to the $3.3 million, or 6% of revenues, in the first quarter of 2019.
  • Adjusted EBITDA: In the first quarter of 2020, Adjusted EBITDA was $6.2 million, or 9% of revenues, compared to $5.1 million, or 9% of revenues, in the first quarter of 2019.
  • Cash provided by operations in the first quarter of 2020 was $2.5 million, compared to $14.0 million in the first quarter of 2019.

DGAP-News: Berentzen Group publishes interim report for the first quarter of 2020: Positive start to the year - Coronavirus pandemic has a dampening effect

Retrieved on: 
Wednesday, May 6, 2020
Articles, Economy, Earnings before interest, taxes, depreciation, and amortization, Fundamental analysis, Private equity, Profit, Pandemic

Berentzen Group publishes interim report for the first quarter of 2020: Positive start to the year - Coronavirus pandemic has a dampening effect

Key Points: 
  • Berentzen Group publishes interim report for the first quarter of 2020: Positive start to the year - Coronavirus pandemic has a dampening effect
    The issuer is solely responsible for the content of this announcement.
  • Consolidated earnings before interest, taxes, depreciation and amortisation (consolidated EBITDA) came to EUR 3.2 million (Q1 2019: EUR 3.7 million).
  • First, the hospitality trade to which the Group sells spirits and non-alcoholic beverages has come to a near total standstill.
  • Nevertheless, the Berentzen Group is continually assessing additional corporate financing options in view of the coronavirus pandemic and its inestimable further development.

Fraport Group Interim Release - First Quarter of 2020: Revenue and Net Profit Heavily Impacted by COVID-19 Pandemic

Retrieved on: 
Wednesday, May 6, 2020
Profit, Economy, Fundamental analysis, Earnings before interest, taxes, depreciation, and amortization, Private equity, Net income

For the first time since the Group's IPO in 2001, its net profit (Group result) was in negative territory.

Key Points: 
  • For the first time since the Group's IPO in 2001, its net profit (Group result) was in negative territory.
  • At all of Fraport's Group airports worldwide, traffic volumes also diminished in March 2020, with the decline accelerating in April.
  • Group EBITDA, at 129.1 million, was 35.6 per cent below the figure for the corresponding quarter of the previous year.
  • The Group result (net profit) was minus 35.7 million, compared to plus 28.0 million in the first quarter of 2019.

Fraport Group Interim Release - First Quarter of 2020: Revenue and Net Profit Heavily Impacted by COVID-19 Pandemic

Retrieved on: 
Wednesday, May 6, 2020
Profit, Economy, Fundamental analysis, Earnings before interest, taxes, depreciation, and amortization, Private equity, Net income

For the first time since the Group's IPO in 2001, its net profit (Group result) was in negative territory.

Key Points: 
  • For the first time since the Group's IPO in 2001, its net profit (Group result) was in negative territory.
  • At all of Fraport's Group airports worldwide, traffic volumes also diminished in March 2020, with the decline accelerating in April.
  • Group EBITDA, at 129.1 million, was 35.6 per cent below the figure for the corresponding quarter of the previous year.
  • The Group result (net profit) was minus 35.7 million, compared to plus 28.0 million in the first quarter of 2019.

ICF Reports First Quarter 2020 Results

Retrieved on: 
Tuesday, May 5, 2020
Fundamental analysis, Earnings before interest, taxes, depreciation, and amortization, Private equity, Profit

First quarter 2020 total revenue was $358.2 million, representing 5.0% growth over the $341.3 million reported in the first quarter of 2019.

Key Points: 
  • First quarter 2020 total revenue was $358.2 million, representing 5.0% growth over the $341.3 million reported in the first quarter of 2019.
  • First quarter 2020 adjusted EBITDA margin on service revenue was 10.9% compared to 11.8% in the 2019 first quarter.
  • Total backlog was $2.7 billion at the end of the first quarter of 2020.
  • On May 5, 2020, ICF declared a quarterly cash dividend of $0.14 per share, payable on July 14, 2020, to shareholders of record on June 12, 2020.

RiceBran Technologies Reports 1Q 2020 Financial Results and Provides Business Updates

Retrieved on: 
Tuesday, May 5, 2020
Fundamental analysis, Earnings before interest, taxes, depreciation, and amortization, Private equity, Profit

As a result, we are excited for the opportunity to drive substantial sales growth and EBITDA improvements for RiceBran Technologies in 2020 and beyond."

Key Points: 
  • As a result, we are excited for the opportunity to drive substantial sales growth and EBITDA improvements for RiceBran Technologies in 2020 and beyond."
  • "We entered 2020 with accelerating momentum at both Golden Ridge and MGI," said Todd Mitchell, Chief Financial Officer.
  • RiceBran Technologies will host a conference call today, Tuesday, May 5, at 4:30 p.m. Eastern Time to discuss these results.
  • This release contains forward-looking statements, including, but not limited to, statements about RiceBran Technologies' expectations regarding its future financial results, sales growth, EBITDA improvements, and SG&A.

Weyco Reports First Quarter Sales And Earnings

Retrieved on: 
Tuesday, May 5, 2020
Net income, Profit, BlackBerry Limited, Companies of Canada, Business, Economy

Net sales for the first quarter of 2020 were $63.6 million, down 14% compared to first quarter 2019 net sales of $74.1 million.

Key Points: 
  • Net sales for the first quarter of 2020 were $63.6 million, down 14% compared to first quarter 2019 net sales of $74.1 million.
  • Net earnings were $1.2 million in the first quarter of 2020 and $4.0 million in last year's first quarter.
  • Gross earnings for the North American wholesale segment were 31.8% of net sales in the first quarter of 2020, compared to 34.3% of net sales in last year's first quarter.
  • Same store sales (which include U.S. e-commerce sales) were down 13% for the quarter, due primarily to retail store closings late in the quarter and decreased sales on the Company's websites.

Beyond Meat® Reports First Quarter 2020 Financial Results

Retrieved on: 
Tuesday, May 5, 2020
Net income, Profit

Income from operations in the first quarter of 2020 was $1.8million compared to loss from operations of $5.3million in the first quarter of the prior year.

Key Points: 
  • Income from operations in the first quarter of 2020 was $1.8million compared to loss from operations of $5.3million in the first quarter of the prior year.
  • Net income was $1.8million in the first quarter of 2020 compared to net loss of $6.6million in the year-ago period.
  • Chief Financial Officer and Treasurer, Mark Nelson commented, We are pleased with the Companys first quarter results even as we began to navigate headwinds stemming from the COVID-19 pandemic late in the quarter.
  • Capital expenditures totaled $12.4million for the quarter ended March 28, 2020 compared to $3.8million for the prior year period.

Ashland reports preliminary financial results for second quarter of fiscal 2020 consistent with previous update

Retrieved on: 
Tuesday, May 5, 2020
Fundamental analysis, Earnings before interest, taxes, depreciation, and amortization, Private equity, Profit

As expected, the Ashland portfolio performed well during the quarter, despite the global macroeconomic uncertainty brought on by the COVID-19 pandemic.

Key Points: 
  • As expected, the Ashland portfolio performed well during the quarter, despite the global macroeconomic uncertainty brought on by the COVID-19 pandemic.
  • Adjusted income from continuing operations was $52 million, consistent with the prior-year quarter, or $0.84 per diluted share, up from $0.83 in the prior-year quarter.
  • Adjusted EBITDA was $142 million, consistent with the prior-year quarter, as the impact of lower sales was offset by lower operating expense.
  • Results in the second quarter were consistent with the update we issued on April 16, said Guillermo Novo, chairman and chief executive officer, Ashland.