Bookkeeping

Savaria finished FY2023 with its strongest quarter and year ever

Retrieved on: 
Wednesday, March 6, 2024
Ageing, MD, Growth, Plant, ESG, Government, Accessibility, Carbon, Health care, Patient, Corporation, Development, Bookkeeping

“2023 was a great year for Savaria and has set the stage for 2024 and beyond.

Key Points: 
  • “2023 was a great year for Savaria and has set the stage for 2024 and beyond.
  • Going back to 1992 when Savaria went public, I was the CEO of a company with sales of $50M.
  • For the fourth quarter, we delivered our best-ever adjusted EBITDA of $35.1M (16.2% of sales), fueled by a stronger gross margin of 34.3% up from 31.2% year-over-year.
  • We added strength to our management team in key areas of the business as part of our Savaria One program.

Descartes Announces Fiscal 2024 Fourth Quarter and Annual Financial Results

Retrieved on: 
Wednesday, March 6, 2024
Acquisition, TSX, DSG, Adjustment, GAAP, Tax, Depreciation, Bookkeeping

WATERLOO, Ontario and ATLANTA, March 06, 2024 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX) announced its financial results for its fiscal 2024 fourth quarter (Q4FY24) and year (FY24) ended January 31, 2024. All financial results referenced are in United States (US) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles (GAAP).

Key Points: 
  • WATERLOO, Ontario and ATLANTA, March 06, 2024 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX) announced its financial results for its fiscal 2024 fourth quarter (Q4FY24) and year (FY24) ended January 31, 2024.
  • All financial results referenced are in United States (US) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles (GAAP).
  • Adjusted EBITDA and Adjusted EBITDA as a percentage of revenues are non-GAAP financial measures provided as a complement to financial results presented in accordance with GAAP.
  • These items are considered by management to be outside Descartes' ongoing operational results.

Bird Construction Inc. Announces 2023 Fourth Quarter and Annual Financial Results

Retrieved on: 
Tuesday, March 5, 2024
Acquisition, MSA, Regional municipality, Growth, Adjustment, Earnings, Infinity, Webcast, Metrolinx, Partnership, Bookkeeping

See “Terminology and Non-GAAP & Other Financial Measures.”

Key Points: 
  • See “Terminology and Non-GAAP & Other Financial Measures.”
    Bird continued to deliver significant revenue growth in the fourth quarter of 2023 driven predominantly by organic growth, with additional contributions from Trinity, acquired on February 1, 2023.
  • Bird added over $1.4 billion in securements to its Backlog in the fourth quarter ($3.6 billion year-to-date), resulting in a record Backlog of over $3.4 billion at year-end.
  • Bird will host an investor webcast to discuss the quarterly results on Wednesday, March 6, 2024 at 10:00 a.m.
  • These include non-GAAP financial measures, non-GAAP financial ratios, and supplementary financial measures.

Vivid Seats Reports Fourth Quarter Results and Authorizes New Share Repurchase Program

Retrieved on: 
Tuesday, March 5, 2024
Vivid Seats, Eastern Time Zone, Tax, Use, GAAP, Adjustment, Bookkeeping

During the three months ended December 31, 2023, our Marketplace segment experienced 21,044 event cancellations compared to 29,337 event cancellations during the three months ended December 31, 2022.

Key Points: 
  • During the three months ended December 31, 2023, our Marketplace segment experienced 21,044 event cancellations compared to 29,337 event cancellations during the three months ended December 31, 2022.
  • Vivid Seats anticipates Marketplace GOV, Revenues and Adjusted EBITDA for the year ending December 31, 2024 to be:
    Additional detail around the 2024 outlook will be available on the fourth quarter 2023 earnings call.
  • Vivid Seats will host a webcast at 8:30 a.m. Eastern Time today to discuss the full year and fourth quarter 2023 financial results, business updates and financial outlook.
  • Participants may access the live webcast and supplemental earnings presentation on the events page of the Vivid Seats Investor Relations website at https://investors.vividseats.com/events-and-presentations.

Corcentric Enhances AP Invoice Processing with New Generative AI Capabilities

Retrieved on: 
Tuesday, March 5, 2024
Accounts receivable, Friction, Fraud, Accounts payable, Automation, AP, Treasury, OpenAI, Artificial intelligence, Bookkeeping

CHERRY HILL, N.J., March 05, 2024 (GLOBE NEWSWIRE) -- Corcentric , a leading global provider of best-in-class procurement and finance solutions, announced today that it has incorporated new generative Artificial Intelligence (AI) capabilities to further enhance its Accounts Payable (AP) invoice processing services for customers.

Key Points: 
  • CHERRY HILL, N.J., March 05, 2024 (GLOBE NEWSWIRE) -- Corcentric , a leading global provider of best-in-class procurement and finance solutions, announced today that it has incorporated new generative Artificial Intelligence (AI) capabilities to further enhance its Accounts Payable (AP) invoice processing services for customers.
  • Through state-of-the-art AI, including OpenAI GPT technology, and human-supervised machine learning, Corcentric now offers touch-free accuracy improvements and the ability to extract customized or unique data with its invoice processing capabilities.
  • This incorporation of new, specialized AI models will lead to better invoice verification, error and fraud detection, and handling of poor-quality invoices.
  • “By augmenting our advanced AP invoice processing services with the latest responsible AI capabilities, we allow our customers to avoid having to rectify and validate issues – including those that occur frequently – that can arise within AP processing.

Colabor Group Reports Results for the Fourth Quarter and Fiscal 2023, Completes With Success the Relocation to Its New Distribution Center and Announces the Acquisition of Assets Related to Foodservice Sector

Retrieved on: 
Thursday, February 29, 2024
Acquisition, Collection, Senior, Restaurant, Conversation, Weather, Wholesaling, MD, Investment, Management, Growth, Consolidated, Saint-Bruno-de-Montarville, Depreciation, Distribution, Bookkeeping

It is defined as net debt / adjusted EBITDA less lease liability payments for the last four quarters.

Key Points: 
  • It is defined as net debt / adjusted EBITDA less lease liability payments for the last four quarters.
  • On a comparable basis, our fourth quarter results show revenue growth of 5.8%, while our adjusted EBITDA(1) increased by 18.2%.
  • “During the fourth quarter, we also completed the relocation of our wholesale activities and our head office to our new strategic center in Saint-Bruno-de-Montarville.
  • Consolidated sales for the fourth quarter were $196.3 million, an increase of 1.6% compared to $193.2 million during the corresponding quarter of 2022.

Sterling Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 29, 2024
Acquisition, STER, Share repurchase, Growth, Conference, Net income, GAAP, Acceleration, Socrates, Bookkeeping

INDEPENDENCE, Ohio, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ: STER) (“Sterling” or “the Company”) a leading global provider of technology-enabled background and identity verification services, today announced financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Separately Announces Transaction with First Advantage; Cancels Q4 2023 Earnings Conference Call
    INDEPENDENCE, Ohio, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Sterling Check Corp. (NASDAQ: STER) (“Sterling” or “the Company”) a leading global provider of technology-enabled background and identity verification services, today announced financial results for the fourth quarter and full year ended December 31, 2023.
  • Organic constant currency revenue decreased 8.2% as base declines offset solid results in other growth drivers in our control.
  • Josh Peirez, Sterling CEO, said, “The fourth quarter of 2023 capped off a solid year in which we made continued progress on our long-term strategy and near-term focus areas.
  • Still, we saw strong results and improvement through the year, including substantial acceleration in our new business and up-sell/cross-sell during the fourth quarter.

Hydrofarm Holdings Group Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 29, 2024
Hydroponics, CEA, Food, Adjustment, Line of credit, Capital expenditure, GAAP, Public expenditure, Insurance, Bookkeeping

SHOEMAKERSVILLE, Pa., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, today announced financial results for its fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Fourth Quarter 2023 Highlights vs.
  • Gross profit(2) increased to $37.6 million compared to $29.3 million; Gross Profit Margin(2) increased to 16.6% of net sales compared to 8.5%.
  • During 2023, the Company maintained a zero balance on its Revolving Credit Facility and was in compliance with debt covenants as of December 31, 2023.
  • The Company will host a conference call to discuss financial results for the fourth quarter 2023 today at 8:30 a.m. Eastern Time.

Greif Reports First Quarter 2024 Results

Retrieved on: 
Wednesday, February 28, 2024
Centurion, ERP, Acquisition, Protect Our Future, CSI, Global Industrial, Plant, Credit, Adjustment, Paper, GAAP, Environment, Agrochemical, Exhibit, Depreciation, Partnership, Bookkeeping

DELAWARE, Ohio, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced first quarter 2024 results.

Key Points: 
  • DELAWARE, Ohio, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced first quarter 2024 results.
  • “Greif once again has produced solid financial results in a challenging operating environment,” said Ole Rosgaard, President and Chief Executive Officer of Greif.
  • Our consolidated CSI score was 93.3 at the end of the first quarter 2024.
  • The table below shows the percentage impact of each of these items on net sales for our primary products for the first quarter of 2024 as compared to the prior year quarter for the business segments with manufacturing operations.

Taboola Reports Strong Q4 Net Income and Adj. EBITDA; Profits Beat High End of Guidance for Q4 and FY 2023; 2024 Guidance Calls for Record Year With Substantial Growth Across All Key Metrics

Retrieved on: 
Wednesday, February 28, 2024
Yahoo!, Share repurchase, Investment, Free cash flow, Part, Exercise, Appendix, GAAP, Webcast, Intellectual property, Privacy, Security (finance), Taboola, Risk, Bookkeeping

Certain elements of net income (loss), including share-based compensation expenses and warrant valuations, are not predictable due to the high variability and difficulty of making accurate forecasts.

Key Points: 
  • Certain elements of net income (loss), including share-based compensation expenses and warrant valuations, are not predictable due to the high variability and difficulty of making accurate forecasts.
  • As a result, it is impractical for us to provide guidance on net income (loss) or to reconcile our Adjusted EBITDA and Non-GAAP Net Income (Loss) guidance without unreasonable efforts.
  • Taboola's senior management team will discuss the Company's earnings on a call that will take place on February 28, 2024, at 8:30 AM ET.
  • You should not place undue reliance on these forward-looking statements, which speak only as of the date they were made.