GAAP

2U Reports Results for First Quarter 2024

Retrieved on: 
Thursday, May 2, 2024
FCE, 2U, Depreciation, Forecasting, Public expenditure, Tax, Acquisition, Marketing, GAAP, Growth, Insurance

LANHAM, Md., May 2, 2024 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a leading online education platform company, today reported financial and operating results for the quarter ended March 31, 2024.

Key Points: 
  • LANHAM, Md., May 2, 2024 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a leading online education platform company, today reported financial and operating results for the quarter ended March 31, 2024.
  • "While we are pleased that first quarter results were better than our expectations, significant work remains to execute our turnaround," added Matthew Norden, Chief Financial Officer of 2U.
  • Costs and expenses for the quarter totaled $225.7 million, a 13% decrease from $258.7 million in the first quarter of 2023.
  • In addition, guidance assumes the following: (i) no new portfolio management activities in 2024 and (ii) revenue from 2023 portfolio management activities of $15 million in full-year 2024.

Triad Business Bank (OTC Pink - "TBBC"), May 2, 2024, Announces Unaudited First Quarter 2024 Results

Retrieved on: 
Thursday, May 2, 2024
Bank, AOCI, Tax, Total, Investment, GAAP, Growth, Life, Triad

Triad Business Bank (the "Bank") was formed in 2020 to serve small and mid-size businesses in the Triad.

Key Points: 
  • Triad Business Bank (the "Bank") was formed in 2020 to serve small and mid-size businesses in the Triad.
  • Ramsey Hamadi, Chief Executive Officer, commented "In the first quarter of 2024, the Bank had a net loss of $101,000, which was a $700,000 improvement over the previous quarter.
  • Net interest income increased $47,000 to $2.64 million for the first quarter of 2024 from $2.59 million for the prior quarter.
  • The Bank's net interest margin for the first quarter of 2024 increased one basis point to 2.10% compared to the previous quarter.

Silicom Reports Q1 2024 Results and Progress of Strategic 5-Year Plan

Retrieved on: 
Thursday, May 2, 2024
Weather, Management, Silicom, Environment, KFAR, Share repurchase, GAAP, Reinsurance

KFAR SAVA, Israel, May 2, 2024 /PRNewswire/ -- Silicom Ltd. (NASDAQ: SILC), a leading provider of high-performance networking and data infrastructure solutions, today reported its financial results for the first quarter ended March 31, 2024, together with its progress to date executing the 5-Year Strategic Plan announced on February 1st.

Key Points: 
  • KFAR SAVA, Israel, May 2, 2024 /PRNewswire/ -- Silicom Ltd. (NASDAQ: SILC), a leading provider of high-performance networking and data infrastructure solutions, today reported its financial results for the first quarter ended March 31, 2024, together with its progress to date executing the 5-Year Strategic Plan announced on February 1st.
  • Silicom's revenues for the first quarter of 2024 totalled $14.4 million compared with $37.2 million for the first quarter of 2023.
  • Management projects that revenues for the second quarter of 2024 will range from $15 million to $17 million.
  • This plan will take effect as soon as the previously-announced $15 million one-year plan is completed.

Kellanova Reports 2024 First Quarter Results

Retrieved on: 
Thursday, May 2, 2024
Table, GAAP

CHICAGO, May 2, 2024 /PRNewswire/ -- Kellanova (NYSE: K) today published its 2024 first quarter earnings results in documents posted to the company website at https://investor.kellanova.com/financials/quarterly-results/default.aspx .

Key Points: 
  • CHICAGO, May 2, 2024 /PRNewswire/ -- Kellanova (NYSE: K) today published its 2024 first quarter earnings results in documents posted to the company website at https://investor.kellanova.com/financials/quarterly-results/default.aspx .
  • Documents immediately available include: the financial press release and tables, GAAP reconciliations, and presentation slides.
  • Kellanova will also webcast a public presentation during which executive management will review and discuss these results.
  • Speaking on behalf of Kellanova will be Steve Cahillane, Chairman, President and Chief Executive Officer, and Amit Banati, Vice Chairman and Chief Financial Officer.

ICF Reports First Quarter 2024 Results

Retrieved on: 
Thursday, May 2, 2024
Welfare, Public, GAAP, CMS, TTM, Policy, Climate, European Commission, Health, ICF, ICFI, Federation, Tax, EPS, Medicare, Civil service commission, Data management, Adjustment, Government, Growth, C&I, Video game

RESTON, Va., May 2, 2024 /PRNewswire/ -- ICF (NASDAQ: ICFI), a global consulting and technology services provider, reported results for the first quarter ended March 31, 2024. 

Key Points: 
  • Commenting on the results, John Wasson, chair and chief executive officer, said, "This was a record first quarter for ICF.
  • First quarter 2024 total revenue was $494.4 million, a 2.3% increase from the $483.3 million reported in the first quarter of 2023, and up 8.7% from last year's first quarter revenues adjusted for the divestiture of our commercial marketing business lines.
  • In the 2024 first quarter, the company's tax rate was 20.4% compared to 23.5% in the 2023 first quarter.
  • On May 2, 2024, ICF declared a quarterly cash dividend of $0.14 per share, payable on July 12, 2024, to shareholders of record on June 7, 2024.

AMETEK Announces Record First Quarter Results and Raises 2024 Guidance

Retrieved on: 
Thursday, May 2, 2024
Paragon, Acquisition, EMG, AME, GAAP, Growth, EIG, Video game

BERWYN, Pa., May 2, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the first quarter ended March 31, 2024.

Key Points: 
  • BERWYN, Pa., May 2, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the first quarter ended March 31, 2024.
  • AMETEK's first quarter 2024 sales were a record $1.74 billion, a 9% increase over the first quarter of 2023.
  • "I am very pleased with our results in the first quarter," said David A. Zapico, AMETEK Chairman and Chief Executive Officer.
  • AMETEK will webcast its first quarter 2024 investor conference call on Thursday, May 2, 2024, beginning at 8:30 AM ET.

QUANTA SERVICES REPORTS FIRST QUARTER 2024 RESULTS

Retrieved on: 
Thursday, May 2, 2024
Quanta Services, Table, Internet, PWR, Weather, Social media, Safety, News, Conference, Artificial intelligence, Forecasting, Growth, Engineering, Distribution, Public utility, Acquisition, GAAP

HOUSTON, May 2, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) today announced results for the three months ended March 31, 2024.

Key Points: 
  • HOUSTON, May 2, 2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) today announced results for the three months ended March 31, 2024.
  • Adjusted diluted earnings per share attributable to common stock (a non-GAAP financial measure) was $1.41 for the first quarter of 2024 compared to $1.24 for the first quarter of 2023.
  • Quanta Services has scheduled a conference call for 9:00 a.m. Eastern Time on May 2, 2024, which will also be broadcast live over the Internet.
  • Accordingly, Quanta encourages investors, the media and others interested in our company to follow Quanta, and review the information it posts, on the social media channels listed in the Investor Relations section of the Quanta Services website.

Ecovyst Reports First Quarter 2024 Results

Retrieved on: 
Thursday, May 2, 2024
Storm, Gasoline, ABL, Nature, Metal, Mineral, Natural gas, Uncertainty, Hand, Electricity, Regulation S-K, Conference, Forecasting, Carbon, Catalysis, Regulation, Regeneration, Telephone, GAAP, Growth, Polyethylene

MALVERN, Pa., May 2, 2024 /PRNewswire/ -- Ecovyst Inc. (NYSE: ECVT) ("Ecovyst" or the "Company"), a leading integrated and innovative global provider of advanced materials, specialty catalysts and services, today reported results for the first quarter ended March 31, 2024.

Key Points: 
  • MALVERN, Pa., May 2, 2024 /PRNewswire/ -- Ecovyst Inc. (NYSE: ECVT) ("Ecovyst" or the "Company"), a leading integrated and innovative global provider of advanced materials, specialty catalysts and services, today reported results for the first quarter ended March 31, 2024.
  • "Ecovyst delivered solid results and year-over-year growth for the first quarter of 2024, reflecting positive demand fundamentals across the majority of our end use exposures.
  • Sales for the quarter ended March 31, 2024 were $160.5 million, compared to $160.9 million in the first quarter of 2023.
  • On Thursday, May 2, 2024, Ecovyst management will review the first quarter results during a conference call and audio-only webcast scheduled for 11:00 a.m. Eastern Time.

Shutterstock Reports First Quarter 2024 Financial Results

Retrieved on: 
Thursday, May 2, 2024
Sale, GAAP, Metadata, Investment, Nature, AI, Depreciation, Collection, Meta, Webcast, Employment, Public expenditure, Acquisition, Studio, Subscription business model, Bank statement, Splash News, CMA, Growth, Bookkeeping

Shutterstock cautions investors that non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly-titled measures presented by other companies.

Key Points: 
  • Shutterstock cautions investors that non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly-titled measures presented by other companies.
  • Management also believes that providing these non-GAAP financial measures enhances the comparability for investors in assessing Shutterstock's financial reporting.
  • The Company will discuss its first quarter and financial results during a teleconference today, May 2, 2024, at 8:30 AM Eastern Time.
  • A webcast replay of the call will be available on the Company's website beginning on May 2, 2024 at approximately 10:30 AM Eastern Time.

Air Canada Reports First Quarter 2024 Financial Results

Retrieved on: 
Thursday, May 2, 2024
ASM, Atmosphere of Earth, Investment, S&P Global Ratings, News, Travel, Depreciation, Growth, Information technology, CASM, Environment, Air Canada, Tax, Ratio, Boeing, GAAP, Airline

Leverage ratio* of 0.9 as at March 31, 2024

Key Points: 
  • Leverage ratio* of 0.9 as at March 31, 2024
    Reiterating 2024 guidance for capacity, adjusted CASM* and adjusted EBITDA*
    MONTREAL, May 2, 2024 /PRNewswire/ - Air Canada today reported its first quarter 2024 financial results.
  • "Air Canada's solid first quarter results position our airline for a strong performance in 2024.
  • For the second quarter of 2024, Air Canada plans to increase its ASM capacity by about 7% from the same quarter in 2023.
  • Air Canada is reiterating the full year 2024 guidance provided in its news release dated February 16, 2024, as described below.