Capital

Terran Orbital Reports Record 2023 Financial Results

Retrieved on: 
Monday, April 1, 2024
Technology, Research, Other Defense, Contracts, Engineering, Homeland Security, Aerospace, Manufacturing, Public Policy, Government, Mobile, Wireless, Defense, Construction & Property, Venture Capital, Finance, Satellite, Interior Design, Professional Services, Telecommunications, Software, Networks, Science, Growth, TVAC, Entrepreneurship, Business, Accounting, Capital expenditure, EAC, Orbital Corporation, Capital, Business intelligence, Small business, PIPE, Depreciation, GAAP, Intelligence, Hand

Terran Orbital Corporation (NYSE: LLAP) ("Terran Orbital" or the "Company"), a leading manufacturer of satellite products primarily serving the aerospace and defense industries, today announced financial results and operational highlights for the three and twelve months ended December 31, 2023.

Key Points: 
  • Terran Orbital Corporation (NYSE: LLAP) ("Terran Orbital" or the "Company"), a leading manufacturer of satellite products primarily serving the aerospace and defense industries, today announced financial results and operational highlights for the three and twelve months ended December 31, 2023.
  • Marc Bell, Co-Founder, Chairman, and Chief Executive Officer of Terran Orbital said, “I am pleased to report our company’s strong results for 2023.
  • The future of space is responsive, and Terran Orbital is well-positioned to capitalize on this growing market segment.
  • As of December 31, 2023, Terran Orbital had $71.7 million of cash on hand and approximately $313.8 million in gross debt obligations.

CAPITAL BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Capital Bancorp, Inc. - CBNK

Retrieved on: 
Friday, March 29, 2024
Class Action Lawsuit, Professional Services, Legal, KSF, Integration, Capital, Sale

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Capital Bancorp, Inc. (NasdaqGS: CBNK) (“the Company”) and Integrated Financial Holdings, Inc.

Key Points: 
  • and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Capital Bancorp, Inc. (NasdaqGS: CBNK) (“the Company”) and Integrated Financial Holdings, Inc.
  • Under the terms of the proposed transaction, Integrated shareholders will receive, subject to certain adjustments, $5.36 in cash and 1.115 shares of Capital common stock for each share of Integrated common stock.
  • KSF is seeking to determine whether the merger and the process that led to it are adequate and fair to the Company’s shareholders.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .

Ant International and Capital A to Form Strategic Partnership in Digital Payments, Financial Technologies, and Sustainability Promotion

Retrieved on: 
Friday, March 29, 2024
Other Transport, Air, Transport, Other Technology, Software, Finance, Banking, Electronic Commerce, Professional Services, Technology, Payments, Sports, Marketing, Communications, Other Travel, Soccer, Transportation, Apps, Applications, Travel, OTA, Growth, Partnership, International, Cross, Aviation, Capital, Tourism, Commerce, UEFA, Multimedia, LankaClear, Online shopping

Tony Fernandes, CEO of Capital A said, "We're thrilled to embark on this transformative journey with Ant International.

Key Points: 
  • Tony Fernandes, CEO of Capital A said, "We're thrilled to embark on this transformative journey with Ant International.
  • AirAsia MOVE and Ant International will also work on joint marketing opportunities and sponsorship opportunities for events such as UEFA EURO 20241.
  • Ant International and Capital A will also work together to promote sustainability initiatives such as advancing global digital inclusion, cultivating digital talent and promotion of sustainable travel programs, as the two companies agreed.
  • “Ant International is dedicated to building a vibrant, sustainable future digital economy with our technology and cross-sector expertise.

Hildred Capital Announces Close of Multi-Asset Continuation Fund with Capital Commitments in Excess of $750 Million

Retrieved on: 
Thursday, March 28, 2024
Professional Services, Finance, Entrepreneurship, Environment, Health, Partnership, Trust, Capital, Lexington Partners, Kirkland & Ellis, Security (finance)

The continuation fund, Hildred Perennial Partners I, L.P., was established to acquire two healthcare consumer product focused companies—Hyland’s Naturals (“Hyland’s”) and Crown Laboratories (“Crown”)—from Hildred’s first and second funds.

Key Points: 
  • The continuation fund, Hildred Perennial Partners I, L.P., was established to acquire two healthcare consumer product focused companies—Hyland’s Naturals (“Hyland’s”) and Crown Laboratories (“Crown”)—from Hildred’s first and second funds.
  • The $750 million continuation fund includes significant unfunded capital to help drive organic growth initiatives and strategic acquisitions at these companies.
  • The continuation fund was structured in a manner to ensure a strong alignment of interests between the general partnership and limited partners.
  • David Solomon, Co-Founder and Managing Partner of Hildred, said, “We are very pleased to announce the successful close of this oversubscribed continuation fund in what continues to be a challenging fundraising environment.

HarborOne Bancorp, Inc. Names Stephen W. Finocchio as Executive Vice President and Chief Financial Officer

Retrieved on: 
Thursday, March 28, 2024
Finance, Banking, Accounting, Professional Services, Legal, Fennel, Aswath Damodaran, Business, Strategic planning, Capital, University, State Street Corporation, Senior, Consultant, Multimedia, Treasury, State Street, Management

HarborOne Bancorp, Inc. today announced the appointment of Stephen W. Finocchio as Executive Vice President and Chief Financial Officer, HarborOne Bancorp, Inc. and HarborOne Bank.

Key Points: 
  • HarborOne Bancorp, Inc. today announced the appointment of Stephen W. Finocchio as Executive Vice President and Chief Financial Officer, HarborOne Bancorp, Inc. and HarborOne Bank.
  • Finocchio will oversee all Finance areas, including Accounting, Reporting, Treasury, and Investor Relations.
  • “Stephen’s deep experience in driving growth and innovation in large financial institutions brings a new perspective and skill set in helping HarborOne meet its growth aspirations,” said Joseph F. Casey, President and CEO of HarborOne Bancorp, Inc. and HarborOne Bank.
  • Earlier in his career, he served as Managing Director - Structured Finance for State Street Global Markets, LLC from 1995 to 2010.

Torrid Reports Fourth Quarter and Fiscal 2023 Results and Initiates Fiscal 2024 Guidance

Retrieved on: 
Thursday, March 28, 2024
Footwear, Fashion, Retail, Other Consumer, Consumer, Other Retail, Women, Consumer Financial Protection Bureau, GAAP, Comparable, COVID-19, Adjustment, Capital expenditure, Investment, Partial, Capital, Commerce, Bookkeeping

Comparable sales in fiscal year 2023 compares sales in fiscal year 2023 to sales in the 53-week period ended February 4, 2023.

Key Points: 
  • Comparable sales in fiscal year 2023 compares sales in fiscal year 2023 to sales in the 53-week period ended February 4, 2023.
  • For the first quarter of fiscal 2024 the Company expects:
    Net sales between $277 million and $282 million.
  • A conference call to discuss the Company’s fourth quarter and fiscal 2023 results is scheduled for March 28, 2024, at 4:30 p.m.
  • Comparable sales in fiscal year 2023 compares sales in fiscal year 2023 to sales in the 53-week period ended February 4, 2023.

CBNK Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Capital Bancorp, Inc. Is Fair to Shareholders

Retrieved on: 
Thursday, March 28, 2024
Class Action Lawsuit, Professional Services, Legal, Integration, Fraud, Advertising, Capital, Security (finance)

Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Capital Bancorp, Inc. (NASDAQ: CBNK) and Integrated Financial Holdings, Inc. is fair to Capital shareholders.

Key Points: 
  • Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Capital Bancorp, Inc. (NASDAQ: CBNK) and Integrated Financial Holdings, Inc. is fair to Capital shareholders.
  • Per the terms of the proposed transaction, Integrated shareholders will, subject to certain adjustments, receive $5.36 in cash and 1.115 shares of Capital common stock for each share of Integrated common stock.
  • Upon closing of the proposed transaction, Capital shareholders will own approximately 84% of the combined company.
  • On behalf of Capital shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Golub Capital APAC Expansion Continues Into Japan

Retrieved on: 
Sunday, March 31, 2024
Asset Management, Professional Services, Finance, Schroders, Senior, Golub Capital, Head, Capital

Golub Capital today announced that Shuji Hatsukaiwa has joined as Managing Director, Japan and will be based in the Firm’s newly-opened Tokyo office.

Key Points: 
  • Golub Capital today announced that Shuji Hatsukaiwa has joined as Managing Director, Japan and will be based in the Firm’s newly-opened Tokyo office.
  • “Japan is a key market for Golub Capital as we continue to expand our global presence and strengthen our commitment to investors in the APAC region,” said Craig Benton, Senior Managing Director, Head of the Investor Partners Group at Golub Capital.
  • “Shuji brings deep institutional and wealth investor connections and has proven local market experience that will be critical as Golub Capital continues to build on its 20 year-long history of serving clients in Japan,” added Gregory Robbins, Vice Chair at Golub Capital.
  • “I am delighted to join Golub Capital and help build on its already sterling reputation in the Japan region as a leading private credit Firm,” said Shuji Hatsukaiwa, Managing Director, Japan at Golub Capital.

inTEST Reports Record $123.3 Million in Revenue and Net Income of $9.3 Million for Full Year 2023

Retrieved on: 
Wednesday, March 27, 2024
Engineering, Other Manufacturing, Manufacturing, GAAP, EPS, EV, Growth, Capital expenditure, Capital, Arms industry

With the benefit of other income in the quarter of $0.6 million, net earnings were $1.5 million, or $0.12 per diluted share.

Key Points: 
  • With the benefit of other income in the quarter of $0.6 million, net earnings were $1.5 million, or $0.12 per diluted share.
  • Full year revenue was a record $123.3 million, up 6%, or $6.5 million, over the prior year.
  • Operating income was down 3% to $10.4 million and net earnings increased 10% to $9.3 million.
  • Net earnings benefitted from higher cash balances and interest rates resulting in other income of $1.3 million.

The Chemours Company Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, March 27, 2024
Technology, Construction & Property, Semiconductor, Automotive, Engineering, Chemicals, Plastics, Other Automotive, Manufacturing, Machine Tools, Metalworking & Metallurgy, Other Construction & Property, Immersion, EUR, Corteva, Advanced Materials, Absorption, Growth, PFAS, Segment, TSS, Intermediate 1, Form, District court, Webcast, Capital expenditure, Electronics, Accounting, Public expenditure, Capital, Judgement, Adjustment, APM, Event, USD, Titanium dioxide, Drinking water, Corporation, Fine chemical

APM segment fourth quarter 2023 Net Sales were $325 million, down 15% compared to the fourth quarter 2022.

Key Points: 
  • APM segment fourth quarter 2023 Net Sales were $325 million, down 15% compared to the fourth quarter 2022.
  • Performance Solutions portfolio’s fourth quarter 2023 Net Sales were $134 million, up 11% vs. the prior-year quarter.
  • Advanced Materials portfolio’s fourth quarter 2023 Net Sales were $191 million, down 27% vs. the prior-year quarter.
  • For the first quarter 2024, we expect consolidated Net Sales to be flat to slightly down sequentially, with consolidated Adjusted EBITDA down approximately 10% compared with fourth quarter 2023 results.