Share repurchase

Veritex Holdings, Inc. Announces Stock Buyback Program and Investment Portfolio Restructuring

Retrieved on: 
Thursday, March 28, 2024
AFS, Sale, Hand, Share repurchase, Security (finance)

DALLAS, March 28, 2024 (GLOBE NEWSWIRE) -- Veritex Holdings, Inc. (Nasdaq: VBTX) (“Veritex” or "the Company”), the parent holding company for Veritex Community Bank, today announced that its Board of Directors (the "Board") authorized a stock buyback program (the "Stock Buyback Program") pursuant to which the Company is authorized to purchase up to $50.0 million shares of the Company’s outstanding common stock.

Key Points: 
  • DALLAS, March 28, 2024 (GLOBE NEWSWIRE) -- Veritex Holdings, Inc. (Nasdaq: VBTX) (“Veritex” or "the Company”), the parent holding company for Veritex Community Bank, today announced that its Board of Directors (the "Board") authorized a stock buyback program (the "Stock Buyback Program") pursuant to which the Company is authorized to purchase up to $50.0 million shares of the Company’s outstanding common stock.
  • The Stock Buyback Program is expected to be funded using the Company’s cash on hand and cash from operations of Veritex Community Bank.
  • Repurchases under the Stock Buyback Program may be made, from time to time, in amounts and at prices the Company deems appropriate.
  • The Stock Buyback Program does not obligate the Company to purchase any shares of its common stock.

ARKO Corp. Negotiates Enhanced Value for Stockholders in Final Payment for TEG Acquisition

Retrieved on: 
Thursday, March 28, 2024
Share repurchase, First, TEG, Acquisition, Security (finance)

As previously disclosed, on March 1, 2023, the Company closed on the acquisition from TEG of 135 convenience stores and gas stations, contracts to supply fuel to 181 dealer locations, and certain other assets.

Key Points: 
  • As previously disclosed, on March 1, 2023, the Company closed on the acquisition from TEG of 135 convenience stores and gas stations, contracts to supply fuel to 181 dealer locations, and certain other assets.
  • ARKO and TEG also agreed to settle the second $25 million installment payment (which would have been due on March 1, 2025) for approximately $17.2 million in cash.
  • ARKO repurchased the First Installment Shares as part of its previously announced $100 million share repurchase program.
  • At the same time, we were able to also satisfy a future $25 million deferred payment for a reduced price of $17.2 million.

UniFirst Announces Financial Results for the Second Quarter of Fiscal 2024

Retrieved on: 
Wednesday, March 27, 2024
Common stock, Growth, UniFirst, Internet, Acquisition, UNF, Investment, Share repurchase, Hard, Security (finance)

WILMINGTON, Mass., March 27, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (the “Company,” “UniFirst” or “we”) today reported results for its second quarter ended February 24, 2024 as compared to the corresponding period in the prior fiscal year:

Key Points: 
  • WILMINGTON, Mass., March 27, 2024 (GLOBE NEWSWIRE) -- UniFirst Corporation (NYSE: UNF) (the “Company,” “UniFirst” or “we”) today reported results for its second quarter ended February 24, 2024 as compared to the corresponding period in the prior fiscal year:
    Consolidated revenues for the second quarter increased 8.8% to $590.7 million.
  • The effect of these items on the second quarter of fiscal 2024 and 2023 combined to decrease:
    Both operating income and EBITDA by $3.2 million and $11.1 million, respectively.
  • The Company repurchased 45,250 shares of Common Stock for $7.9 million in the second quarter of fiscal 2024.
  • Weighted average shares outstanding – Diluted for both the second quarter of fiscal 2024 and fiscal 2023 were 18.8 million.

Lands’ End Announces Fourth Quarter and Full Year Fiscal 2023 Results

Retrieved on: 
Wednesday, March 27, 2024
Growth, End, International, Capital expenditure, Third party, Inventory, Share repurchase, Fiscal, Delta Air Lines, Video game

DODGEVILLE, Wis., March 27, 2024 (GLOBE NEWSWIRE) -- Lands’ End, Inc. (NASDAQ: LE) today announced financial results for the fourth quarter and full year of the fiscal year ended February 2, 2024. The Company also provided the first quarter and full year fiscal 2024 outlook.

Key Points: 
  • Excluding Lands’ End Japan in the fourth quarter of fiscal 2022, Global eCommerce net revenue decreased 0.6%.
  • Compared to fourth quarter of fiscal 2022, which included the results of Lands’ End Japan, International eCommerce Net revenue decreased 20.2%.
  • Outfitters Net revenue was $53.7 million for fourth quarter of fiscal 2023, a decrease of $6.8 million or 11.3% from $60.5 million during the fourth quarter of fiscal 2022.
  • Adjusted EBITDA was $31.7 million in the fourth quarter of fiscal 2023 compared to $24.2 million in the fourth quarter of fiscal 2022.

Logan Ridge Finance Corporation Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, March 26, 2024
Regulation S-K, Growth, NAV, Regulation, Treasurer, Disclosure, BC Partners, Investment, NII, Family, Share repurchase, Total, LRFC, Cryptocurrency

NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (“Logan Ridge”, “Logan”, “LRFC”, “Company”, “we”, “us” or “our”) (Nasdaq: LRFC) announced today its financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Net asset value decreased to $33.34 per share as of December 31, 2023 from $34.78 per share in the as of September 30, 2023.
  • Restored the Company’s quarterly distribution during the first quarter of 2023, which has increased each quarter during the year.
  • As of December 31, 2023, the Company reported undistributed spillover earnings of $2.6 million, or $0.97 per share.
  • Our operating results for the years ended December 31, 2023 and 2022 were as follows (dollars in thousands):
    For the Years Ended December 31,

Concentrix Reports First Quarter 2024 Results

Retrieved on: 
Tuesday, March 26, 2024
GAAP, EPS, Acquisition, Share repurchase, Concentrix, Depreciation, Video game

First Quarter Fiscal 2024 Highlights:

Key Points: 
  • First Quarter Fiscal 2024 Highlights:
    Revenue was $2,402.7 million, up 46.8% from the prior year first quarter compared with $1,636.4 million in the prior year first quarter.
  • The following statements are based on the Company’s current expectations for the second quarter of fiscal 2024 and the full year fiscal 2024.
  • Second Quarter Fiscal 2024 Expectations:
    Second quarter reported revenue is expected to be in the range of $2.325 billion to $2.372 billion.
  • The Company will host a conference call for investors to review its first quarter fiscal 2024 results today at 5:00 p.m. (ET)/2:00 p.m. (PT).

U.S. Energy Corp. Reports Financial and Operating Results for Full Year and Fourth Quarter 2023

Retrieved on: 
Tuesday, March 26, 2024
Natural gas, Public expenditure, Adjustment, Barrel (unit), Share repurchase

Energy” or the “Company”), a growth-focused energy company engaged in operating a portfolio of high-quality producing oil and natural gas assets, today reported financial and operating results for the three and twelve months ended December 31, 2023.

Key Points: 
  • Energy” or the “Company”), a growth-focused energy company engaged in operating a portfolio of high-quality producing oil and natural gas assets, today reported financial and operating results for the three and twelve months ended December 31, 2023.
  • Revenue totaled $32.3 million with oil sales of $28.4 million and natural gas and liquids sales of $4.0 million.
  • Lease operating expense of $3.1 million, or $22.38 per Boe, a 22% and 15% decrease, respectively, from the third quarter 2023.
  • Oil and gas related capital expenditures of $0.5 million, equivalent to the spend in the third quarter 2023.

Linklogis Announces 2023 Annual Results: Maintaining the Largest Market Share in China for 4 Consecutive Years

Retrieved on: 
Tuesday, March 26, 2024
Cloud, Transfer, Vietnamese, PDD, OPPO, Contribution, Standard Chartered, GPT, Intellectual property, Bank, Sustainalytics, Social responsibility, Multi, Risk assessment, Supply chain, SME, Share repurchase, Digital, Intelligence, ESG, TBI, Acquisition, AI, Ecology, ChatGPT, Development, Growth, Blockchain, KYC, Cross, CMMI, Infor, LDP, Cryptocurrency

Beijing, China, March 26, 2024 (GLOBE NEWSWIRE) -- On March 26, 2024, Linklogis Inc. (09959.HK, “Linklogis”), a leading supply chain finance technology solution provider in China, released its 2023 annual results.

Key Points: 
  • Beijing, China, March 26, 2024 (GLOBE NEWSWIRE) -- On March 26, 2024, Linklogis Inc. (09959.HK, “Linklogis”), a leading supply chain finance technology solution provider in China, released its 2023 annual results.
  • The board of directors of Linklogis proposes to pay a special dividend of HK$0.1 per share, totaling approximately HK$230 million.
  • Furthermore, the board expresses confidence in the company’s prospects and sustained growth in the future, and announces a share repurchase plan of up to US$100 million.
  • According to China Insights Consultancy, Linklogis held 20.9% market share, ranking No.1 in the third-party supply chain finance technology solutions providers in China for the fourth consecutive year.

Linklogis Announces a Share Repurchase Plan of US$100 Million with the Accumulated Transaction Volume Breaking RMB1 Trillion

Retrieved on: 
Tuesday, March 26, 2024
Cloud, Transfer, Growth, RMB, Acquisition, Multi, Share repurchase, SME

Linklogis announced a new shareholder return plan, intending to enhance capital returns to shareholders through cash dividends and share repurchases.

Key Points: 
  • Linklogis announced a new shareholder return plan, intending to enhance capital returns to shareholders through cash dividends and share repurchases.
  • The board of directors of Linklogis proposes to pay a special dividend of HK$0.1 per share, totaling approximately HK$230 million.
  • Furthermore, the board expresses confidence in the company’s prospects and sustained growth in the future, and announces a share repurchase plan of up to $100 million.
  • By the end of 2023, the accumulated total volume of supply chain assets processed by Linklogis since its establishment had exceeded RMB1.13 trillion.

Turtle Beach Announces Update on Its Return of Capital Strategy to Shareholders

Retrieved on: 
Tuesday, April 9, 2024
Entertainment, Consumer Electronics, Technology, Audio, Video, Electronic Games, Hardware, Turtle Beach Corporation, Acquisition, PDP, Tender offer, Tender, Rock Band 4, Share repurchase, Management

In its continued effort to evaluate capital allocation priorities, the Board has determined that the best course of action to continue to return capital to shareholders is to increase the Company’s share repurchase program by $30 million.

Key Points: 
  • In its continued effort to evaluate capital allocation priorities, the Board has determined that the best course of action to continue to return capital to shareholders is to increase the Company’s share repurchase program by $30 million.
  • On behalf of the Board, we look forward to meaningful value creation opportunities for the Company and its shareholders.
  • The amount and timing of specific repurchases are subject to market conditions, applicable legal requirements and other factors.
  • Turtle Beach intends to fund the share repurchases using cash from operations or short-term borrowings and may suspend or discontinue repurchases at any time.