Fiscal

The TJX Companies, Inc. Reports Q4 and Full Year FY24 Results; Q4 Comp Store Sales Growth of 5%, Pretax Profit Margin, and Diluted EPS All Above Plan; Expects to Increase Dividend by 13% and Buy Back $2.0 to $2.5 Billion of Stock in FY25

Retrieved on: 
Wednesday, February 28, 2024
Fashion, Footwear, Retail, Discount, Variety, Department Stores, Specialty, TJX, Total, TJX Companies, Growth, Calendar, Translation, HomeGoods, TK Maxx, Movement, Fiscal, HomeSense

Net sales for fourth quarter and full year Fiscal 2024 are for the 14-week and 53-week period ended February 3, 2024.

Key Points: 
  • Net sales for fourth quarter and full year Fiscal 2024 are for the 14-week and 53-week period ended February 3, 2024.
  • This was above the Company’s plan due to a higher merchandise margin as well as expense leverage on the above-plan sales.
  • The higher merchandise margin includes a larger-than-expected benefit from lower inventory shrink expense, lower freight costs, lower markdowns, and better markon.
  • Net interest income benefitted fourth quarter Fiscal 2024 pretax profit margin by 0.1 percentage point versus the prior year.

SkyWater Technology Reports Fourth Quarter and Full Fiscal Year 2023 Results

Retrieved on: 
Monday, February 26, 2024
Electronic Design Automation, Engineering, Defense, Consumer Electronics, Automotive Manufacturing, General Automotive, Technology, Aerospace, Manufacturing, Mobile, Wireless, Semiconductor, Security, Other Automotive, Satellite, Nanotechnology, Automotive, IOT (Internet of Things), Other Technology, Networks, Other Defense, Internet, Contracts, CHIPS, Investment, Growth, SkyWater Technology, ATS, GAAP, Department of Defence, Fiscal, Service

SkyWater Technology, Inc. (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the fourth quarter and full fiscal year 2023 ended December 31, 2023.

Key Points: 
  • SkyWater Technology, Inc. (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the fourth quarter and full fiscal year 2023 ended December 31, 2023.
  • Adjusted EBITDA of $10.6 million, or 13.4% of revenue, compared to $10.3 million, or 15.9% of revenue in Q4 2022.
  • Financial Highlights for Fiscal Year 2023:
    Revenue increased 35% year-over-year to a record $286.7 million.
  • Adjusted EBITDA of $37.2 million, or 13.0% of revenue, compared to $7.7 million, or 3.6% of revenue in fiscal year 2022.

KBRA Assigns AA+ Rating, Stable Outlook to The City of New York's General Obligation Bonds

Retrieved on: 
Friday, February 23, 2024
Professional Services, Finance, Issuer, Surety, Quality of life, Jules Kroll, European, Climate change, Face, Financial plan, KBRA, AA, Fiscal, Bank

KBRA assigns long-term rating of AA+ with a Stable Outlook to The City of New York's General Obligation Bonds - Fiscal 2006 Series J, Subseries J-A, Fiscal 2008 Series A, Subseries A-4, Fiscal 2008 Series C, Subseries C-4, Fiscal 2009 Series B, Subseries B-3, and General Obligation Bonds, Fiscal 2024 Series C. Concurrently, KBRA affirms the AA+ rating and Stable Outlook on the City's outstanding General Obligation Bonds.

Key Points: 
  • KBRA assigns long-term rating of AA+ with a Stable Outlook to The City of New York's General Obligation Bonds - Fiscal 2006 Series J, Subseries J-A, Fiscal 2008 Series A, Subseries A-4, Fiscal 2008 Series C, Subseries C-4, Fiscal 2009 Series B, Subseries B-3, and General Obligation Bonds, Fiscal 2024 Series C. Concurrently, KBRA affirms the AA+ rating and Stable Outlook on the City's outstanding General Obligation Bonds.
  • The economic base remains susceptible to financial services sector cycles, although financial sector reliance has moderated with increasing diversification of the City’s economic base.
  • The Financial Plan identifies out-year budget gaps, now exacerbated by the asylum seeker crisis, which must be closed.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

American Software Reports Third Quarter of Fiscal Year 2024 Results

Retrieved on: 
Thursday, February 22, 2024
Supply Chain Management, Online Retail, Retail, Technology, Software, Artificial Intelligence, Internet, Cloud, Artificial intelligence, Investment, Sigma-Aldrich, Information technology, Software as a service, Corporation, Transport, Supply, Date, GAAP, Probability, Machine learning, Fiscal, Depreciation, Share repurchase, ESG, Automation, Read, Acquisition, AI, Kontoor Brands, Communication, Publication

American Software, Inc. (NASDAQ: AMSWA) today reported preliminary financial results for the third quarter of fiscal year 2024.

Key Points: 
  • American Software, Inc. (NASDAQ: AMSWA) today reported preliminary financial results for the third quarter of fiscal year 2024.
  • During the second quarter of fiscal year 2024 we divested our non-core information technology staffing firm, The Proven Method and its results are included in discontinuing operations.
  • Professional services and other revenues for the quarter ended January 31, 2024 decreased 28% to $3.4 million for the quarter ended January 31, 2024 compared to $4.8 million for the same period last year.
  • “We delivered solid third quarter results and remain on track to achieve our guidance for fiscal 2024, which is unchanged from the prior quarter,” said Allan Dow, CEO and President of American Software.

CLPS Incorporation Reports Financial Results for the First Half of Fiscal Year 2024

Retrieved on: 
Tuesday, March 5, 2024
Acquisition, RMB, Operating cost, Research, USD, Investment, Marketing, Growth, Talent, TCP, TDP, CLPS, Fiscal

HONG KONG, March 5, 2024 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced its unaudited financial results for the six months ended December 31, 2023, or the first half of the Company's fiscal year 2024.

Key Points: 
  • HONG KONG, March 5, 2024 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS), today announced its unaudited financial results for the six months ended December 31, 2023, or the first half of the Company's fiscal year 2024.
  • First Half of Fiscal 2024 Highlights (all results compared to the six months ended December 31, 2022)
    Revenue from the United States increased by 92.7% to $1.9 million from $1.0 million.
  • Ms. Rui Yang, Chief Financial Officer of CLPS, commented, "We have managed to achieve noteworthy financial results during this period.
  • Gross profit was $15.8 million in the first half of fiscal 2024, compared to $18.5 million in the prior year period.

Lockheed Martin Takes Next Step in Homeland Missile Defense Interceptor Acquisition Process

Retrieved on: 
Wednesday, February 28, 2024
Knowledge, Acquisition, Lockheed, LMT, Fiscal, Missile Defense Agency, MDA, CDR, NGI, Lockheed Martin, Software, Critical, Jet fuel

HUNTSVILLE, Ala., Feb. 28, 2024 /PRNewswire/ -- In November 2023, Lockheed Martin (NYSE: LMT) successfully completed a Missile Defense Agency (MDA) acquisition milestone for the nation's modernized long range ballistic missile interceptor. The company completed the first Knowledge Point – known as KP1 – ahead of schedule, taking a major contractual step forward that allows its Next Generation Interceptor (NGI) program to continue development towards the Critical Design Review (CDR).

Key Points: 
  • HUNTSVILLE, Ala., Feb. 28, 2024 /PRNewswire/ -- In November 2023, Lockheed Martin (NYSE: LMT) successfully completed a Missile Defense Agency (MDA) acquisition milestone for the nation's modernized long range ballistic missile interceptor.
  • This KP1 achievement follows the program's All Up Round Preliminary Design Review, which Lockheed Martin executed on-schedule in September .
  • We proved at KP1 that we have reached a level of maturity unprecedented at this stage of a missile defense program," said Sarah Reeves, vice president of NGI at Lockheed Martin.
  • The first Lockheed Martin NGI is forecast for delivery to the warfighter as early as Fiscal Year 2027.

PCS EDVENTURES! REPORTS UNAUDITED RESULTS FOR THE THIRD QUARTER OF FISCAL YEAR 2024

Retrieved on: 
Friday, February 16, 2024
Growth, Fiscal, Air force, Calendar, STEM

Boise, Idaho, Feb. 16, 2024 (GLOBE NEWSWIRE) -- PCS Edventures!, Inc. (PCSV), a leading provider of K-12 Science, Technology, Engineering and Mathematics (STEM) education programs, today announced unaudited results of operations for its third quarter of Fiscal Year 2024, which ended on December 31, 2023.

Key Points: 
  • Boise, Idaho, Feb. 16, 2024 (GLOBE NEWSWIRE) -- PCS Edventures!, Inc. (PCSV), a leading provider of K-12 Science, Technology, Engineering and Mathematics (STEM) education programs, today announced unaudited results of operations for its third quarter of Fiscal Year 2024, which ended on December 31, 2023.
  • Net income was ($0.41 million) compared to $0.57 million in net income for the same period last year.
  • Mike Bledsoe, President, commented, “Our business is seasonal and the quarter ending December 31st is our slowest quarter of the year.
  • We expect fiscal year 2024, ending on March 31, 2024, to be our best year ever and look forward to another highly successful year in fiscal year 2025.”
    For more information about PCS Edventures!, Inc., visit our website .

Casella Waste Systems, Inc. Announces Fourth Quarter and Fiscal Year 2023 Results and Provides Fiscal Year 2024 Guidance

Retrieved on: 
Thursday, February 15, 2024
Acquisition, Collection, Net, Investment, Growth, Municipal solid waste, Capital expenditure, GAAP, Webcast, Depreciation, Casella Waste Systems, Three Months, National accounts, Recycling, Mid-Atlantic (United States), Fiscal

The Company also provided guidance for the fiscal year ending December 31, 2024 ("fiscal year 2024").

Key Points: 
  • The Company also provided guidance for the fiscal year ending December 31, 2024 ("fiscal year 2024").
  • Revenues were $1.265 billion for the fiscal year ended December 31, 2023 ("fiscal year 2023"), up $179.5 million, or up 16.5%, from the fiscal year ended December 31, 2022 ("fiscal year 2022").
  • Net income was $25.4 million for fiscal year 2023, as compared to net income of $53.1 million in fiscal year 2022.
  • Adjusted EBITDA was $294.6 million for fiscal year 2023, up $49.4 million, or up 20.1%, from fiscal year 2022.

US Foods Reports Fourth Quarter and Fiscal Year 2023 Earnings

Retrieved on: 
Thursday, February 15, 2024
Food, Beverage, Retail, CFO, Acquisition, CST, Investment, Net, Share repurchase, IWC, US Foods, Health, Debt, Growth, ID, Adjustment, GAAP, Information technology, Webcast, Foodservice, EPS, Fiscal, Saladino, Security (finance)

US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the fourth quarter and full fiscal year 2023.

Key Points: 
  • US Foods Holding Corp. (NYSE: USFD), one of the largest foodservice distributors in the United States, today announced results for the fourth quarter and full fiscal year 2023.
  • Net Debt at the end of fiscal year 2023 was $4.4 billion, a decrease of $238 million versus the end of fiscal 2022.
  • During the fourth quarter of fiscal 2023, the Company acquired Saladino's Foodservice, an independently owned broadline distributor based in central California for a purchase price of $56 million.
  • US Foods will host a live webcast to discuss fourth quarter and fiscal year 2023 results on February 15, 2024 at 8 a.m. CST.

YETI Reports Fourth Quarter and Fiscal Year 2023 Results

Retrieved on: 
Thursday, February 15, 2024
Outdoors, Home Goods, Sports, Retail, Specialty, Amazon Marketplace, International, Fiscal, Investment, Share repurchase, Marketing, Rambler, Equipment, Growth, Sale, Adjustment, GAAP, Capital expenditure, Coffee, Butter, Capital, EPS, DTC, Environment, Video game

YETI Holdings, Inc. (“YETI”) (NYSE: YETI) today announced its financial results for the fourth quarter and fiscal year ended December 30, 2023.

Key Points: 
  • YETI Holdings, Inc. (“YETI”) (NYSE: YETI) today announced its financial results for the fourth quarter and fiscal year ended December 30, 2023.
  • The recall reserves favorably impacted sales by $2.8 million in the fourth quarter of 2023 and unfavorably impacted sales by $38.4 million in the prior year quarter.
  • Sales and adjusted sales for the fourth quarter of 2023 include $6.5 million of sales related to gift card redemptions in connection with recall remedies.
  • The recall reserves favorably impacted gross profit by $4.1 million in the fourth quarter of 2023 and unfavorably impacted gross profit by $97.0 million in the prior year quarter.