Earnings per share

Quad Reports Second Quarter and Year-to-Date 2023 Results

Retrieved on: 
Tuesday, August 1, 2023
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Quad/Graphics, Inc. (NYSE: QUAD) (“Quad” or the “Company”), today reported results for the second quarter ended June 30, 2023.

Key Points: 
  • Quad/Graphics, Inc. (NYSE: QUAD) (“Quad” or the “Company”), today reported results for the second quarter ended June 30, 2023.
  • Delivered Adjusted Diluted Earnings Per Share of $0.02 in the second quarter of 2023, compared to $0.13 in the second quarter of 2022, and in the first half of the year, delivered $0.17 Adjusted Diluted Earnings Per Share in both 2023 and 2022.
  • Increased Free Cash Flow by $12 million for the six months ended June 30, 2023, compared to the same period in 2022, including $34 million of Free Cash Flow generation in the second quarter of 2023.
  • Net Loss — Net Loss was $6 million in the second quarter of 2023 compared to Net Earnings of $5 million in the second quarter of 2022.

Flowserve Corporation Reports Second Quarter 2023 Results; Raises 2023 Financial Guidance

Retrieved on: 
Tuesday, August 1, 2023
Engineering, Other Energy, Oil, Gas, Manufacturing, Energy, Other Manufacturing, Flowserve, 3D, Velan, Rowe, Earnings per share, Corporation, Acquisition, Growth, EPS, Adjustment, FLS, Environment, NYSE, Total, MRO, Rare-earth element, Video game, Cryptocurrency, Security (finance)

Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced its financial results for the second quarter ended June 30, 2023.

Key Points: 
  • Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced its financial results for the second quarter ended June 30, 2023.
  • On a constant currency basis2, total bookings were up $69.0 million or 6.6%
    Original equipment bookings were $520.1 million, up $2.1 million or 0.4%.
  • On a constant currency basis2, original equipment bookings were up $1.1 million or 0.2%
    Aftermarket bookings were $590.9 million, up $64.9 million or 12.3%.
  • “The improved operating environment, combined with our internal process changes, has Flowserve delivering at a much higher level.

Unitil Reports Second Quarter Earnings

Retrieved on: 
Tuesday, August 1, 2023
Tax, Suits index, EDD, GAAP, Earnings per share, Kilowatt-hour, Unitil Corporation, Retirement, Depreciation, Net income, Natural gas, Electricity, Weather, EPS, Heat, Commercial, NYSE, C&I, Regulation, Bank, Cryptocurrency, Renewable energy

HAMPTON, N.H., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) (unitil.com) today announced Net Income of $4.2 million, or $0.25 in Earnings Per Share (EPS) for the second quarter of 2023, a decrease of $0.7 million in Net Income, or $0.05 in EPS, compared to the second quarter of 2022.

Key Points: 
  • HAMPTON, N.H., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) (unitil.com) today announced Net Income of $4.2 million, or $0.25 in Earnings Per Share (EPS) for the second quarter of 2023, a decrease of $0.7 million in Net Income, or $0.05 in EPS, compared to the second quarter of 2022.
  • The Company’s Electric and Gas GAAP Gross Margins for the second quarter of 2023 were $17.8 million and $19.4 million, respectively.
  • In the second quarter of 2023, sales to Residential customers decreased 1.2% and sales to C&I customers increased 0.5%, compared to the same period in 2022.
  • The Company will hold a quarterly conference call to discuss second quarter 2023 results on Tuesday, August 1, 2023, at 10:00 a.m. Eastern Time.

Transcat Reports Strong First Quarter Results on Double-Digit Organic Service Growth and Expanding Gross Margins

Retrieved on: 
Monday, July 31, 2023
Consumer Electronics, Aerospace, Technology, Manufacturing, Health, General Health, Semiconductor, Engineering, Hardware, Electronic Design Automation, Chemicals, Plastics, Samsung Galaxy Note (2011 smartphone), Defense, Tax, Earnings per share, GAAP, Federal, Sale, Forecasting, EBITDA, Acquisition, Webcast, Depreciation, Growth, Adjustment, Renting, Bank

Total debt of $48.4 million was down $0.8 million from fiscal 2023 year-end due to increased cash flow from operations.

Key Points: 
  • Total debt of $48.4 million was down $0.8 million from fiscal 2023 year-end due to increased cash flow from operations.
  • The Company’s leverage ratio, as defined in the credit agreement, was 1.50 on June 24, 2023, compared with 1.60 on March 25, 2023.
  • During this fiscal year, we expect organic Service revenue growth in the high-single digit to low double-digit range and gross margin expansion.
  • Management will review the financial and operating results for the first quarter, as well as the Company’s strategy and outlook.

Biogen to Acquire Reata Pharmaceuticals

Retrieved on: 
Friday, July 28, 2023
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and PLANO, Texas, July 28, 2023 (GLOBE NEWSWIRE) -- Biogen Inc. (Nasdaq: BIIB) and Reata Pharmaceuticals, Inc. (Nasdaq: RETA) today announced the companies have entered into a definitive agreement under which Biogen has agreed to acquire Reata for $172.50 per share in cash, reflecting an enterprise value of approximately $7.3 billion.

Key Points: 
  • and PLANO, Texas, July 28, 2023 (GLOBE NEWSWIRE) -- Biogen Inc. (Nasdaq: BIIB) and Reata Pharmaceuticals, Inc. (Nasdaq: RETA) today announced the companies have entered into a definitive agreement under which Biogen has agreed to acquire Reata for $172.50 per share in cash, reflecting an enterprise value of approximately $7.3 billion.
  • Reata has made significant advancements developing therapeutics that regulate cellular metabolism and inflammation in serious neurologic diseases.
  • Biogen has entered into voting and support agreements with certain stockholders of Reata representing approximately 36% of the voting power of Reata’s common stock.
  • Lazard acted as financial advisor to Biogen in this transaction and Cravath, Swaine & Moore acted as its legal advisor.

Silvercrest Asset Management Group Inc. Reports Q2 2023 Results

Retrieved on: 
Thursday, July 27, 2023
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Silvercrest’s discretionary assets under management increased by $0.2 billion, or 0.9%, to $21.5 billion at June 30, 2023, from $21.3 billion at March 31, 2023.

Key Points: 
  • Silvercrest’s discretionary assets under management increased by $0.2 billion, or 0.9%, to $21.5 billion at June 30, 2023, from $21.3 billion at March 31, 2023.
  • Silvercrest’s total AUM increased by $2.0 billion, or 6.7%, to $31.9 billion at June 30, 2023, from $29.9 billion at March 31, 2023.
  • Silvercrest Asset Management Group Inc.’s total equity was $82.9 million at June 30, 2023.
  • The Company will host a conference call on July 31, 2023, at 8:30 am (Eastern Time) to discuss these results.

Mobileye Discloses Second Quarter 2023 Results, Updates Guidance and Provides Business Update

Retrieved on: 
Thursday, July 27, 2023
Automotive Manufacturing, Automotive, Technology, Manufacturing, Other Energy, Other Technology, Autonomous Driving, Vehicles, Other Manufacturing, Artificial Intelligence, Alternative Energy, Energy, IPO, Back to the Basics (EP), Stock dilution, GAAP, Earnings per share, Adjusted gross income, Acquisition, Webcast, Growth, EPS, Adjustment, Bank, Mobileye, Moovit

Our revenue guidance remains consistent with the guidance provided on April 27, 2023 and, at the midpoint, implies 16% growth in the 2nd half of 2023 as compared to the 2nd half of 2022.

Key Points: 
  • Our revenue guidance remains consistent with the guidance provided on April 27, 2023 and, at the midpoint, implies 16% growth in the 2nd half of 2023 as compared to the 2nd half of 2022.
  • This information reflects Mobileye’s expectations for Revenue, Operating Loss and Adjusted Operating Income results for the year ending December 30, 2023.
  • Mobileye will host a conference call today, July 27, 2023, at 8:00am ET (3:00pm IT) to review its results and provide a general business update.
  • We use such non-GAAP financial measures to make strategic decisions, establish business plans and forecasts, identify trends affecting our business, and evaluate performance.

Mattel Reports Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, July 26, 2023
Family, Licensing (Entertainment), Consumer, Children, Entertainment, Natural borrowing limit, Tax, Employment, 600 (number), Food, Failure, COVID-19, Disclosure, Gross income, Regulate... G Funk Era, Part II, GAAP, Earnings per share, Movement, Sale, Adjusted gross income, Public expenditure, Accounting, Regulation, State Administrative Expenses, Pandemic, EBITDA, Investment, Nature, Eastern Standard, Risk, XV, Appendix, Webcast, Depreciation, Growth, EPS, Security (finance), Transport, Free cash flow, Disease, Bookkeeping, Cryptocurrency, Insurance, Mattel, Adjustment

At 5:00 p.m. (Eastern Standard Time) today, Mattel will host a conference call with investors and financial analysts to discuss its second quarter financial results.

Key Points: 
  • At 5:00 p.m. (Eastern Standard Time) today, Mattel will host a conference call with investors and financial analysts to discuss its second quarter financial results.
  • To supplement our financial results presented in accordance with generally accepted accounting principles in the United States (“GAAP”), Mattel presents certain non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission.
  • Mattel believes that the disclosure of non-GAAP financial measures provides useful supplemental information to investors to be able to better evaluate ongoing business performance and certain components of Mattel’s results.
  • The disclosure of the percentage change in constant currency enhances investor’s ability to compare financial results from one period to another.

The Simply Good Foods Company Reports Third Quarter Fiscal Year 2023 Financial Results and Reaffirms Full Fiscal Year 2023 Outlook

Retrieved on: 
Thursday, June 29, 2023
Tax, Bellisio Foods, International, Interest, Marketing, Debt, Term loan, The Good Food Institute, Accounting standard, G&A, GAAP, Earnings per share, IRI, Derivative, Internet, EBITDA, Depreciation, Convenience, Growth, EPS, Health, Bookkeeping, Pharmaceutical industry, Recycling, Fast food, Coal, Publishing, Security (finance), Video game, Quest, Adjustment

“I’m pleased with our third-quarter financial and marketplace results that were greater than our expectations,” said Joseph E. Scalzo, Chief Executive Officer of Simply Good Foods.

Key Points: 
  • “I’m pleased with our third-quarter financial and marketplace results that were greater than our expectations,” said Joseph E. Scalzo, Chief Executive Officer of Simply Good Foods.
  • retail takeaway in the third quarter of fiscal 2023, in the U.S. combined measured and unmeasured channels increased about 11%.
  • In the third quarter of fiscal year 2023, total Simply Good Foods combined measured and unmeasured channel U.S. retail takeaway increased about 11%.
  • For the year-to-date third quarter fiscal 2023, the Company reported Diluted EPS of $0.96 versus $0.78 in the year ago period.

Avalon Announces C$63M Strategic Investment by Sibelco to Create a Vertically Integrated Lithium Strategic Partnership in Ontario

Retrieved on: 
Thursday, June 15, 2023
Exercise, Ceramic, Partnership, Indian stock exchange, EV, Private, Earnings per share, Nymphaeaceae, AVL, Lithium, Private placement agent, Chief business development officer, Acquisition, European, TSX, Growth, Private placement, Snowbank fungus, Glass, Maturity, Security (finance), Rare-earth element, Debenture

This new joint venture is expected to accelerate Avalon's core business objective of building a mid-stream lithium-hydroxide processing facility in Ontario.

Key Points: 
  • This new joint venture is expected to accelerate Avalon's core business objective of building a mid-stream lithium-hydroxide processing facility in Ontario.
  • "This strategic partnership represents a significant step forward in scaling our business towards full vertical integration of our lithium production," said Scott Monteith, Chief Executive of Avalon.
  • "Sibelco's investment is a major vote of confidence in our vision, resources and capabilities by a respected and established international operator—and now partner."
  • "Our partnership with Avalon will focus both on the clean energy growth agenda and the technical glass and ceramics markets in which Sibelco has deep and time-tested expertise" Hilmar Rode, Sibelco Chief Executive Officer, said.