Net income

Cansortium Inc. Announces Further Progress on Strategic Initiatives

Monday, June 1, 2020 - 11:13pm

The Company has completed the sale of its non-core Canadian assets, previously announced on December 17, 2019.

Key Points: 
  • The Company has completed the sale of its non-core Canadian assets, previously announced on December 17, 2019.
  • Neal Hochberg, Executive Chairman of the Board of Cansortium, noted, "We continue to make important progress on the Company's strategic plan.
  • The Company calculates EBITDA from net income (loss), plus (minus) interest expense (income), plus income taxes, plus depreciation and amortization.
  • Cansortium has developed strong proficiencies in each of cultivation, processing, retail, and distribution activities, the result of successfully operating in the highly regulated cannabis industry.

EnerSys Reports Fourth Quarter and Full Year Fiscal 2020 Results

Monday, June 1, 2020 - 9:52pm

READING, Pa., June 01, 2020 (GLOBE NEWSWIRE) -- EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, announced today results for its fourth quarter and full year of fiscal 2020, which ended on March 31, 2020.

Key Points: 
  • READING, Pa., June 01, 2020 (GLOBE NEWSWIRE) -- EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, announced today results for its fourth quarter and full year of fiscal 2020, which ended on March 31, 2020.
  • Excluding these highlighted items, adjusted Net earnings per diluted share for the fourth quarter of fiscal 2020, on a non-GAAP basis, were $1.11.
  • Net sales for the fourth quarter of fiscal 2020 were $781.8 million, a decrease of 2% from the prior year fourth quarter net sales of $796.6 million and a 2% sequential quarterly increase from the third quarter of fiscal 2020 net sales of $763.7 million.
  • The Companys operating results for its business segments for the fourth quarters of fiscal 2020 and 2019 are as follows:

Laurentian Bank Financial Group reports second quarter 2020 results

Friday, May 29, 2020 - 12:30pm

Three months ended April 30, 2020 financial performance

Key Points: 
  • Three months ended April 30, 2020 financial performance
    Net income was $8.9 million and diluted earnings per share were $0.13 for the second quarter of 2020, compared with $43.3 million and $0.95for the second quarter of 2019.
  • Adjusted net income was $11.9 million for the second quarter of 2020, down76% from $48.7million for the second quarter of 2019, while adjusted diluted earnings per share were $0.20, down 81% compared with $1.08 for the second quarter of 2019.
  • Total revenue remained relatively stable at $240.1 million for the second quarter of 2020, compared to $239.9 million for the second quarter of 2019.
  • For the second quarter of 2020, amortization of net premium on purchased financial instruments amounted to $0.2million, compared with $0.4million for the second quarter of 2019.

Vibe Reports Record Positive Adjusted EBITDA and Revenue; Provides First Quarter 2020 Financial Results and Second Quarter Outlook

Thursday, May 28, 2020 - 12:00pm

The first quarter of 2020 marked a significant milestone for Vibe, stated Mark Waldron, Chief Executive Officer.

Key Points: 
  • The first quarter of 2020 marked a significant milestone for Vibe, stated Mark Waldron, Chief Executive Officer.
  • Not only did we achieve record dispensary sales volumes and positive adjusted EBITDA, Vibe was one of only a few public cannabis companies to achieve positive pre-tax net income during a challenging quarter.
  • Consequently, first quarter 2019 revenue, gross margin, G&A, selling and marketing expense and adjusted EBITDA amounts include results of; (i) the U.S.
  • The Companys key financial results for the three months ended March 31, 2020 are as follows:

Coherent, Inc. Reports Second Fiscal Quarter Results

Wednesday, May 27, 2020 - 9:05pm

These results compare to net sales of $372.9 million and net income of $20.8 million, or $0.85 per diluted share, for the second quarter of fiscal 2019 and net sales of $320.8 million and net income of $5.8 million, or $0.24 per diluted share, for the first quarter of fiscal 2020.

Key Points: 
  • These results compare to net sales of $372.9 million and net income of $20.8 million, or $0.85 per diluted share, for the second quarter of fiscal 2019 and net sales of $320.8 million and net income of $5.8 million, or $0.24 per diluted share, for the first quarter of fiscal 2020.
  • Non-GAAP net income for the second quarter of fiscal 2020 was $14.8 million, or $0.61 per diluted share.
  • Non-GAAP net income for the second quarter of fiscal 2019 was $39.2 million, or $1.61 per diluted share.
  • Non-GAAP net income for the first quarter of fiscal 2020 was $20.7 million, or $0.86 per diluted share.

Alchip Technology Announces Record Q1 Earnings

Wednesday, May 27, 2020 - 11:06am

TAIPEI, Taiwan, May 27, 2020 /PRNewswire/ -- Alchip Technologies first quarter of 2020 achieved a record net income $5.79 million on record revenue of $50.49 million.

Key Points: 
  • TAIPEI, Taiwan, May 27, 2020 /PRNewswire/ -- Alchip Technologies first quarter of 2020 achieved a record net income $5.79 million on record revenue of $50.49 million.
  • Net earnings represent a 79% increase year-on-year over Q1 2019 net earnings of $3.23 million and a 25.2% increase quarter-on-quarter over Q4 2019 net earnings of $4.26 million.
  • Revenue represents a 39.3% increase year-on-year over Q1 2019 revenue of $36.23 million and a quarter-on-quarter increase of 7.4% over Q4 2019 revenue of $47 million.
  • Alchip is listed on the Taiwan Stock Exchange (TWSE: 3661) and is a TSMC-certified Value Chain Aggregator.

Educational Development Corporation Announces Fiscal Fourth Quarter, Fiscal 2020 Results and Provides First Quarter Fiscal 2021 Revenue Guidance

Thursday, May 21, 2020 - 12:00pm

For the fiscal fourth quarter ended February 29, 2020, the Company reports net revenues of $20,161,900, a decrease of $3,463,500, or 14.7%, when compared to $23,625,400 for the fiscal fourth quarter of the previous year.

Key Points: 
  • For the fiscal fourth quarter ended February 29, 2020, the Company reports net revenues of $20,161,900, a decrease of $3,463,500, or 14.7%, when compared to $23,625,400 for the fiscal fourth quarter of the previous year.
  • Earnings before income taxes were $703,000, a decrease of $142,200, or 16.8%, compared to $845,200 for the fiscal fourth quarter 2019.
  • Net earnings totaled $538,100 for fiscal fourth quarter 2020, compared to $555,500 for the fiscal fourth quarter 2019, a decrease of $17,400, or 3.1%.
  • While the development of new programs impacted the fourth quarter of fiscal 2020, the successful results have already been recognized in the 1st quarter of fiscal 2021.

2.4 Billion Parcels Expanded Market Share to 18.9% Amidst Pandemic Achieved RMB 635.1 Million Adjusted Net Income Despite Headwind

Wednesday, May 20, 2020 - 11:00pm

Other costs were RMB472.0 million (US$66.7 million), an increase of RMB45.4 million (US$6.4 million) compared to the same period last year.

Key Points: 
  • Other costs were RMB472.0 million (US$66.7 million), an increase of RMB45.4 million (US$6.4 million) compared to the same period last year.
  • Other operating income, net was RMB113.4 million (US$16.0 million) for the quarter, compared to RMB 58.1 million in the same period lastyear.
  • Net income was RMB371.0 million (US$52.4 million), a decrease of 45.6% from RMB681.6 million in the same period last year.
  • Adjusted net income was RMB635.1 million (US$89.7 million), compared with RMB966.4 million during the same period last year.

Hawkins, Inc. Reports Fourth Quarter and Fiscal 2020 Results

Wednesday, May 20, 2020 - 9:14pm

MINNEAPOLIS, May 20, 2020 (GLOBE NEWSWIRE) -- Hawkins, Inc. (Nasdaq: HWKN) today announced fourth quarter and full-year results for its fiscal year ended March29, 2020.

Key Points: 
  • MINNEAPOLIS, May 20, 2020 (GLOBE NEWSWIRE) -- Hawkins, Inc. (Nasdaq: HWKN) today announced fourth quarter and full-year results for its fiscal year ended March29, 2020.
  • Highlights include:
    Eighth consecutive quarter of year-over-year operating income growth, with diluted earnings per share of $0.45, increasing 29% over the fourth quarter of fiscal 2019.
  • Fourth Quarter and Fiscal Year Financial Highlights:
    For the fourth quarter of fiscal 2020, the Company reported net income of $4.8 million, or $0.45 per diluted share, compared to net income for the fourth quarter of fiscal 2019 of $3.8 million, or $0.35 per diluted share.
  • For fiscal 2020, Industrial segment sales were $275.2 million, a decrease of 2% from fiscal 2019 sales of $281.9 million.

Daqo New Energy Announces Unaudited First Quarter 2020 Results

Wednesday, May 20, 2020 - 11:30am

Mr. Longgen Zhang, CEO of Daqo New Energy, commented, "We are pleased to report an outstanding quarter with excellent financial and operational results.

Key Points: 
  • Mr. Longgen Zhang, CEO of Daqo New Energy, commented, "We are pleased to report an outstanding quarter with excellent financial and operational results.
  • Net income attributable to Daqo New Energy Corp. shareholders and earnings per ADS
    As a result of the aforementioned, net income attributable to Daqo New Energy Corp. shareholders was $33.2 million in the first quarter of 2020, compared to $20.1 million in the fourth quarter of 2019 and $6.6 million in the first quarter of 2019.
  • Earnings per basic ADS was $2.37 in the first quarter of 2020, compared to $1.45 in the fourth quarter of 2019, and $0.50 in the first quarter of 2019.
  • The Company has scheduled a conference call to discuss the results at 8:00 AM Eastern Time on May 20, 2020.