Net income

Wabash Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 1, 2024
EPS, Transport, Bank statement, Table, GAAP, Tax, Depreciation, Net income, Public expenditure, Bookkeeping

Transportation Solutions’ net sales for the fourth quarter were $547.0 million, a decrease of 10.5% compared to the prior year quarter.

Key Points: 
  • Transportation Solutions’ net sales for the fourth quarter were $547.0 million, a decrease of 10.5% compared to the prior year quarter.
  • During the quarter, operating income was $74.6 million, or 13.6% of sales.
  • Parts & Services' net sales for the fourth quarter were $55.2 million, an increase of 11.2% compared to the prior year quarter.
  • Wabash will discuss its results during its quarterly investor conference call on Thursday, February 1, beginning at 11:00 a.m. EST.

Exco Technologies Limited Announces Results for First Quarter Ended December 31, 2023

Retrieved on: 
Wednesday, January 31, 2024
EPS, Plant, Growth, Aluminium, Consolidated, ESG, OEM, Pressure, International, Absorption, Welding, PIN, Tax, Capital expenditure, Public expenditure, COVID, Carbon, Marketing, Investment, UAW, Casting, Corporation, Management, Depreciation, Net income, EURO, International Financial Reporting Standards, Exco, Free cash flow, Conference call, Sale, Original equipment manufacturer, Share repurchase, Extrusion, Conference, Movement

Consolidated sales for the first quarter ended December 31, 2023 were $156.7 million compared to $139.1 million in the same quarter last year – an increase of $17.6 million, or 13%.

Key Points: 
  • Consolidated sales for the first quarter ended December 31, 2023 were $156.7 million compared to $139.1 million in the same quarter last year – an increase of $17.6 million, or 13%.
  • Adjusting for the strike impact, sales were up at all four of the segment’s locations compared to the prior year quarter.
  • The effective income tax rate was 23.6% in the current quarter compared 22.7% in the same quarter last year.
  • Non-cash working capital consumed $3.6 million of cash in the quarter compared to $3.4 million in the same quarter last year.

Coursera Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, February 1, 2024
Education, Technology, Software, Artificial Intelligence, Continuing, University, Training, Online, Cloud, Language, Microsoft, Total, Professional, Partnership, Security (finance), Knowledge, ACE, Consumer, Government, Campus, Generative, Google Cloud, Student, Business, University of Prince Mugrin, Growth, SUNY, Banco Santander, Synthetic media, Regulation, American Council, Net income, Free cash flow, Data science, New Yorker, GAAP, Research, AI, College of Charleston, Qatar University, Disclosure, Regulation Fair Disclosure, Ratio, Stanford Online, AWS

Coursera, Inc. (NYSE: COUR) today announced financial results for its fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Coursera, Inc. (NYSE: COUR) today announced financial results for its fourth quarter and full year ended December 31, 2023.
  • “In 2023, we grew revenue 21% year-over-year and delivered positive Adjusted EBITDA for the first time in the fourth quarter,” said Ken Hahn, Coursera’s CFO.
  • We have provided a reconciliation of GAAP to non-GAAP financial measures in the financial statement tables for our historical non-GAAP financial results included in this press release.
  • As previously announced, Coursera will hold a conference call to discuss its fourth quarter and full year 2023 performance today, February 1, 2024, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).

Northway Financial, Inc. Announces 2023 Earnings and Declares Semi-Annual Dividend

Retrieved on: 
Friday, January 26, 2024
Bank, Sale, Net income, Federal, Northway Bank, Futures contract, Food, Cryptocurrency

The Board of Directors declared a semi-annual cash dividend of $0.35 per common share, payable on February 12, 2024, to common stockholders of record on February 5, 2024.

Key Points: 
  • The Board of Directors declared a semi-annual cash dividend of $0.35 per common share, payable on February 12, 2024, to common stockholders of record on February 5, 2024.
  • We have taken actions like selling securities at a loss to improve future earnings without significantly impacting current capital.
  • Total assets were $1.3 billion, loans, net, were $910 million, and total deposits were $996 million at December 31, 2023.
  • The Bank’s regulatory capital ratios at December 31, 2023 exceeded all well-capitalized ratios as defined under FDIC’s prompt corrective action rules.

Golden Matrix Reports Fiscal 2023 Financial Results With Record Revenues of $44.2 Million

Retrieved on: 
Wednesday, January 17, 2024
Table, E-commerce, IP, Adjustment, B2C, Golden, Interest expense, Investment, Acquisition, Calendar, Gambling, Net income, Marketing

LAS VEGAS, NV, Jan. 17, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group Inc. (NASDAQ:GMGI)(the “Company”, “Golden Matrix” or “GMGI”), a developer, licensor and global operator of online gaming and eCommerce platforms, systems and gaming content, today reported financial results for its fiscal year ended October 31, 2023, including:

Key Points: 
  • LAS VEGAS, NV, Jan. 17, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group Inc. (NASDAQ:GMGI)(the “Company”, “Golden Matrix” or “GMGI”), a developer, licensor and global operator of online gaming and eCommerce platforms, systems and gaming content, today reported financial results for its fiscal year ended October 31, 2023, including:
    Full-year record revenues of $44.2 million, an increase of 23% on revenues of $36 million in the comparable 12-month period ended October 31, 2022; includes record revenues of $11.8 million in the fourth fiscal quarter of 2023.
  • Net loss of $1.17 million with Adjusted EBITDA of $2.4 million* in fiscal 2023.
  • Cash and cash equivalents of $17.1 million and total assets of $35.6 million as of October 31, 2023.
  • Revenue contributions in fiscal 2023 from GMGI’s B2B and B2C segments were $15.63 million and $28.54 million, respectively.

Halliburton Announces Fourth Quarter 2023 Results and Increases Dividend

Retrieved on: 
Tuesday, January 23, 2024
Other Manufacturing, Technology, Engineering, Other Energy, Oil, Gas, Manufacturing, Software, Energy, Machine Tools, Metalworking & Metallurgy, Well, Weather, Hand, Petrobras, Risk, AIQ, Net income, Sekal, Growth, Instability, Behavior, Gulf of Mexico, AICD, Evaluation, Safety, Completion, ADNOC, Advanced process control, Organization, International, Public expenditure, Automation, HAL, Adjustment, Climate, MPD, CENS, Drug

Halliburton Company (NYSE: HAL) announced today net income of $661 million, or $0.74 per diluted share, for the fourth quarter of 2023.

Key Points: 
  • Halliburton Company (NYSE: HAL) announced today net income of $661 million, or $0.74 per diluted share, for the fourth quarter of 2023.
  • Halliburton's total revenue for the fourth quarter of 2023 was $5.7 billion, flat when compared to the third quarter of 2023.
  • Operating income was $1.1 billion in the fourth quarter of 2023, a 2% increase when compared to the third quarter of 2023.
  • Halliburton Labs participating companies OCOChem, Ionada and Disa Technologies each separately announced they successfully closed equity funding in the fourth quarter.

Independent Bank Corp. Reports Fourth Quarter Net Income of $54.8 Million

Retrieved on: 
Thursday, January 18, 2024
Banking, Professional Services, Finance, FDIC, Internet, Total, Credit, Federal Deposit Insurance Corporation, Insurance, Share repurchase, Rockland Trust, Sale, GAAP, East Boston Savings Bank, Federal Home Loan Banks, Acquisition, Conference, Net income, Cryptocurrency

Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 fourth quarter net income of $54.8 million, or $1.26 per diluted share, a decrease of $6.0 million, or 9.9%, compared to the prior quarter.

Key Points: 
  • Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 fourth quarter net income of $54.8 million, or $1.26 per diluted share, a decrease of $6.0 million, or 9.9%, compared to the prior quarter.
  • Please refer to "Reconciliation of Net Income (GAAP) to Operating Net Income (Non-GAAP)" below for a reconciliation of net income to operating net income.
  • Noninterest income of $32.1 million for the fourth quarter of 2023 represented a decrease of $1.5 million, or 4.4%, as compared to the prior quarter.
  • Noninterest expense of $100.7 million for the fourth quarter of 2023 represented an increase of $3.0 million, or 3.0%, as compared to the prior quarter.

Tata Elxsi delivers healthy growth in Q3 FY'24 with revenue from operations growing at 3.7% QoQ, and EBITDA margin at 29.5%

Retrieved on: 
Tuesday, January 23, 2024
Transport, Industrial design, Tata Motors, Communication, SDV, Health care, Quarter, Holiday, PAT, Net income, Digital, Environment, HMI, EPS, System integration, PBT, Per stirpes, Yoy, Growth, Bookkeeping

BANGALORE, India, Jan. 23, 2024 /PRNewswire/ -- Tata Elxsi (BSE: 500408) (NSE: TATAELXSI), amongst the world's leading providers of design led technology services, announced its third quarter results for the period ending 31st December 2023.

Key Points: 
  • Highlights of the Quarter Ended December 31, 2023:
    Revenues from operations at Rs.
  • 33.15, +3.2% QoQ, +6.0% YoY
    Transportation growth at 2.7% QoQ, 15.6% YoY, aided by deal wins and ramp-up of Software Defined Vehicle (SDV) engagements.
  • We are staying close to our customers and building on both growth and efficiency offerings for customers in this industry.
  • Our Design-Digital strategy is continuing to drive differentiation and growth, with our Design business growing strongly at 12.3%.

Haivision Announces Results for the Three Months and Full Year Ended October 31, 2023

Retrieved on: 
Wednesday, January 17, 2024
Cloud, Table, Bank statement, Legislation, Operation, Net income, Toronto Stock Exchange, Financial statement, Computer graphics, NAB, Sport, TSX, HAI, Net, Acquisition, Calendar, SRT, EVP, Pharmaceutical industry

"This last year represented a significant turning point for Haivision, and the results of these initiatives can readily be seen in our financial results," said Mirko Wicha, Chairman and CEO of Haivision.

Key Points: 
  • "This last year represented a significant turning point for Haivision, and the results of these initiatives can readily be seen in our financial results," said Mirko Wicha, Chairman and CEO of Haivision.
  • Operating income for the three months ended October 31, 2023 was $3.6 million an improvement of $4.1 million.
  • Adjusted EBITDA Margins* for the three months and full year ended October 31, 2023, were 15.9% and 10.6, respectively.
  • Haivision will hold a conference call to discuss its fourth quarter financial results on Wednesday,
    January 17, 2024 at 5:15 pm (ET).

HCLTech Delivers a Stellar Quarter With Strong Performance Across Services and Software

Retrieved on: 
Friday, January 12, 2024
Data Management, Security, Technology, Other Technology, Software, Artificial Intelligence, Internet, Synthetic media, Engineering, Net income, LTM, Cloud computing, Quarter, TCV, Professional services, ESG, ASAP, ARR, CC, CPG, Net operating assets, Gold, Generative, Telecom, Acquisition, Risk management, C Vijayakumar, ERS, Yoy, Film industry

EBIT margin in the quarter was 19.8%, an expansion of 126 bps QoQ, underscoring strong execution and cost efficiencies.

Key Points: 
  • EBIT margin in the quarter was 19.8%, an expansion of 126 bps QoQ, underscoring strong execution and cost efficiencies.
  • The company won 18 large deals – six in Services and 12 in Software, with TCV of almost $2 billion.
  • “Our results this quarter have been remarkably strong, driven by strong momentum in both services and software businesses and a stellar operating margin.
  • “HCLTech delivered a stellar quarter with sequential growth driven by HCLSoftware and a spurt in the Telecom vertical and the ER&D segment.