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EQS-News: KSB closes the 2023 financial year with record performance

Retrieved on:

Wednesday, April 10, 2024

Annual, Growth, Supervisory board, Management, SDAX, News, Frankenthal, Workforce, Mission, Income tax, KSB, Marketing, Security (finance)

FRANKENTHAL: Frankenthal-based pump and valve manufacturer KSB closed the 2023 financial year with record figures for order intake and sales revenue.

Key Points:

FRANKENTHAL: Frankenthal-based pump and valve manufacturer KSB closed the 2023 financial year with record figures for order intake and sales revenue.
In the 2023 financial year, KSB significantly increased order intake by + 3.4 % to € 2,960 million.
KSB increased sales revenue by + 9.5 % to € 2,819 million in the 2023 financial year.
The KSB shareholders are to participate to a particular extent in the record performance achieved for the 2023 financial year.

EQS-News: SURTECO GROUP SE: Preliminary result for the business year 2023

Retrieved on:

Wednesday, April 10, 2024

Baseboard, Acquisition, Annual report, Plastic, Depreciation, Income tax, PPA

EBITDA at € 66.6 million, adjusted EBITDA at € 86.4 million

Key Points:

EBITDA at € 66.6 million, adjusted EBITDA at € 86.4 million
Buttenwiesen, 25 March 2024 – SURTECO GROUP SE has generated Group sales amounting to € 835.1 million according to unaudited preliminary figures presented.
Provisional earnings before financial result, income tax and depreciation and amortization (EBITDA) amount to € 66.6 million (2022: € 84.2 million).
SURTECO GROUP SE with registered office in Buttenwiesen is a mid-sized enterprise listed on the stock exchange with international operations.
Customers of the SURTECO Group primarily come from wood-based, flooring and furniture industries, as well as from interior design.

EQS-News: Correction of a release from 25/03/2024, 17:30 CET/CEST - SURTECO GROUP SE: Preliminary result for the business year 2023

Retrieved on:

Wednesday, April 10, 2024

Correction, Baseboard, Acquisition, Annual report, Plastic, Depreciation, Income tax, PPA

Correction of a release from 25/03/2024, 17:30 CET/CEST - SURTECO GROUP SE: Preliminary result for the business year 2023

Key Points:

Correction of a release from 25/03/2024, 17:30 CET/CEST - SURTECO GROUP SE: Preliminary result for the business year 2023
The issuer is solely responsible for the content of this announcement.
EBITDA at € 66.6 million, adjusted EBITDA at € 86.4 million
Buttenwiesen, 25 March 2024 – SURTECO GROUP SE has generated Group sales amounting to € 835.1 million according to unaudited preliminary figures presented.
Provisional earnings before financial result, income tax and depreciation and amortization (EBITDA) amount to € 66.6 million (2022: € 84.2 million).
SURTECO GROUP SE with registered office in Buttenwiesen is a mid-sized enterprise listed on the stock exchange with international operations.

Sportsman's Warehouse Holdings, Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on:

Wednesday, April 3, 2024

Shooting, Merchandising, Regulation S-K, Clothing, Regulation, Public expenditure, Security (finance), Overalls, Adjustment, Investment, Depreciation, GAAP, Income tax, Marketing, Footwear, Hand

Same store sales decreased 12.8% on a 13-week comparable basis, compared with the prior year fourth quarter.

Key Points:

Same store sales decreased 12.8% on a 13-week comparable basis, compared with the prior year fourth quarter.
Net loss was $(8.7) million, compared to net income of $11.0 million in the fourth quarter of fiscal year 2022.
Adjusted net loss was $(7.5) million compared to adjusted net income of $12.7 million in the fourth quarter of fiscal year 2022 (see “GAAP and Non-GAAP Measures”).
Same store sales decreased 14.4% during fiscal year 2023 compared to fiscal year 2022, excluding the extra week of sales in fiscal 2023.

Sharecare announces fourth quarter and full year 2023 financial results and operational highlights

Retrieved on:

Thursday, March 28, 2024

Health, Vii, Comment, Forecasting, Growth, Exchange, Risk, ERP, Research, EDT, Sale, Acquisition, Disclosure, Xi, Net, Investment, Ix, GAAP, Depreciation, Income tax, Workforce, Marketing

Net loss attributable to Sharecare of $34.2 million compared to net loss attributable to Sharecare of $24.1 million, an increase of $10.1 million.

Key Points:

Net loss attributable to Sharecare of $34.2 million compared to net loss attributable to Sharecare of $24.1 million, an increase of $10.1 million.
There was a $14.2 million negative impact to revenue due to the elimination of nonperforming disputed contracts with a client in the fourth quarter of 2023.
Net loss attributable to Sharecare of $128.5 million compared to net loss attributable to Sharecare of $118.7 million, an increase to net loss of $9.8 million.
The Company will host a conference call to review the fourth quarter and full-year fiscal 2023 results today, Thursday, March 28, 2024, at 4:30 p.m. EDT.

Hammond Power Solutions Reports Fourth Quarter 2023 Financial Results

Retrieved on:

Wednesday, March 27, 2024

Income tax, CFO, EV, HPS, Tax, OEM, Growth, Mining, Video game

GUELPH, Ontario, March 27, 2024 (GLOBE NEWSWIRE) -- Hammond Power Solutions Inc. (“HPS”) (TSX: HPS.A) a leading manufacturer of dry-type transformers, power quality products and related magnetics, today announced its financial results for the fourth quarter 2023.

Key Points:

The Company’s December 31, 2023 backlog increased by 19.9% as compared to December 31, 2022 and has decreased 3.2% from Quarter 3, 2023.
On a percentage-of-sales basis, total selling and distribution expenses decreased to 10.7% of sales for 2023 from 11.1% in 2022.
2023 earnings before income taxes were $83,994 as compared to earnings of $57,169 in 2022 – growing by $26,825 or 46.9%.
Basic earnings per share were $1.68 for Quarter 4, 2023 versus $1.55 in Quarter 4, 2022, an increase of $0.13.

PLI Treatise Addresses Income Tax Opportunities and Traps for Transfers After Death

Retrieved on:

Wednesday, March 27, 2024

Code, Income tax, Trust, Death, Life insurance

A new treatise from PLI Press, Income Taxation of Property Acquired from a Decedent , is an essential resource for tax practitioners and others who advise on estate and income tax matters, covering planning opportunities and traps to consider before and after death.

Key Points:

A new treatise from PLI Press, Income Taxation of Property Acquired from a Decedent , is an essential resource for tax practitioners and others who advise on estate and income tax matters, covering planning opportunities and traps to consider before and after death.
“With proper, informed planning, discrepancies under the Code can be cured, traps can be avoided, and traditional estate planning techniques combined with additional income tax planning can lead to favorable results for both estate and income tax,” says the treatise’s author, Matthew S. Beard.
Comprehensively addressing income tax issues related to transfers after death, the publication’s topics include the exclusion from gross income under I.R.C.
§ 1014, the application of these rules to common trust and entity structures in estate planning, substantiation, and planning opportunities and potential traps for the unwary to consider before and after death.

Enovix Awarded 15-Year Pioneer Status from Malaysian Investment Development Authority for its High-Volume Manufacturing Facility

Retrieved on:

Wednesday, March 27, 2024

Growth, BHD, MESDAQ, SAT, Student, Workforce, Income tax, AMD, MIDA, Cleanroom, Silicon

FREMONT, Calif., March 27, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, today announced it has been granted 15-year Pioneer Status from the Malaysian Investment Development Authority (MIDA) for manufacturing its batteries in Malaysia.

Key Points:

FREMONT, Calif., March 27, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, today announced it has been granted 15-year Pioneer Status from the Malaysian Investment Development Authority (MIDA) for manufacturing its batteries in Malaysia.
Enovix’s high-volume manufacturing facility, Fab2, is located in the Penang Science Park in Penang, Malaysia.
“Being awarded Pioneer Status is a monumental milestone for Enovix as we become further established in Malaysia and begin to ramp up manufacturing in our Fab2 facility,” said Ajay Marathe, Chief Operating Officer of Enovix Corporation.
With MIDA’s support, I am confident we will scale a sustainable high-volume manufacturing business.”
For more information on Enovix and its battery technology, please visit enovix.com .

Inventiva reports its 2023 full-year results

Retrieved on:

Wednesday, March 27, 2024

Frédéric Cren, Chairman, CEO and cofounder of Inventiva, stated: “Inventiva achieved several clinical and financial milestones in 2023.

Key Points:

Frédéric Cren, Chairman, CEO and cofounder of Inventiva, stated: “Inventiva achieved several clinical and financial milestones in 2023.
R&D expenses for the fiscal year ended December 31, 2023, amounted to (€110.0) million compared to (€60.5) million in 2022.
Net financial income was (€5.1) million for the fiscal year ended December 31, 2023, compared to €2.8 million in 2022.
Income tax amounted to (€0.6) million for the 2023 fiscal year, compared to €0 million for 2022.

WD-40 Company Reports Second Quarter 2024 Financial Results

Retrieved on:

Tuesday, April 9, 2024

Home Goods, Marketing, Retail, Communications, Specialty, PDT, Income tax, WD-40 Company, Advertising, Share repurchase, Growth, Investment, Pharmaceutical industry

Net sales of maintenance products, which are considered the primary growth focus for the Company, represented 94 percent of total net sales in the second quarter.

Key Points:

Net sales of maintenance products, which are considered the primary growth focus for the Company, represented 94 percent of total net sales in the second quarter.
Net sales of maintenance products increased 7 percent in the second quarter when compared to the prior year fiscal quarter primarily due to higher sales of WD-40® Multi-Use Product in EIMEA.
Net sales of homecare and cleaning products represented 6 percent of total net sales in the second quarter.
Net sales of the homecare and cleaning products declined 3 percent in the second quarter when compared to the prior year fiscal quarter.