Earnings growth

Tilray Brands Completes Accretive Acquisition of HEXO Corp. Leading the Next Evolution of Canadian Cannabis

Retrieved on: 
Thursday, June 22, 2023

LEAMINGTON, Ontario, June 22, 2023 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. (“Tilray Brands”, “Tilray” or the “Company”) (Nasdaq | TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company, today announced the completion of its previously announced acquisition of HEXO Corp. (“HEXO”), (Nasdaq | TSX: HEXO) by way of plan of arrangement (the “Arrangement”)‎.

Key Points: 
  • The HEXO acquisition provides several key strategic benefits, including:
    Creates Largest Canadian Cannabis LP by Revenue1, Strengthening Tilray’s #1 Market Share Position.
  • Irwin D. Simon, Tilray Brands’ Chairman and CEO, said, “Acquiring HEXO boosts Tilray’s competitive positioning in the largest, federally legalized cannabis market in the world and, we believe, marks the next evolution of Canadian cannabis.
  • Tilray Brands also issued 19,551,282 Tilray Shares in consideration for the acquisition of the 25,000,000 issued ‎and outstanding Series 1 Preferred Shares of HEXO.
  • An early warning report will be filed by Tilray Brands on SEDAR at www.sedar.com in accordance with applicable securities laws.

Option Care Health and Amedisys to Combine Creating a Leading, Independent Platform for Home and Alternate Site Care

Retrieved on: 
Wednesday, May 3, 2023

Upon closing Option Care Health stockholders will own approximately 64.5% of the combined company, and Amedisys stockholders will own approximately 35.5%.

Key Points: 
  • Upon closing Option Care Health stockholders will own approximately 64.5% of the combined company, and Amedisys stockholders will own approximately 35.5%.
  • Combining Amedisys' home health, hospice, palliative, and high-acuity care services with Option Care Health's complementary home and alternate site infusion services will create a leading, independent platform for home and alternate site care.
  • As a leader in home health services, Amedisys adds a strong presence in hospital at home, home health, hospice, palliative, and high-acuity care services better enabling Option Care Health to expand beyond its existing home and alternate site infusion services.
  • In connection with the proposed transaction, Option Care Health and Amedisys will file relevant materials with the United States Securities and Exchange Commission (the "SEC"), including an Option Care Health registration statement on Form S-4 that will include a joint proxy statement of Option Care Health and Amedisys that also constitutes a prospectus of Option Care Health, and a definitive joint proxy statement/prospectus will be mailed to stockholders of Option Care Health and Amedisys.

DGAP-News: SUSS MicroTec: Once Again High Order Intake, as well as Revenue and Earnings Growth, in First Quarter of 2022

Retrieved on: 
Thursday, May 12, 2022

SUSS MicroTec: Once Again High Order Intake, as well as Revenue and Earnings Growth, in First Quarter of 2022

Key Points: 
  • SUSS MicroTec: Once Again High Order Intake, as well as Revenue and Earnings Growth, in First Quarter of 2022
    The issuer is solely responsible for the content of this announcement.
  • The Lithography segment, which often generates high order entry, has almost equaled the record figure of the prior year quarter.
  • "We are particularly glad that we have received the first order for our new wafer-to-wafer hybrid bonding solution in the past quarter.
  • With the high order intake, the order backlog also increased further to 249.2 million as of March 31, 2022.

THE AARON'S COMPANY TO ACQUIRE BRANDSMART U.S.A., A LEADING REGIONAL APPLIANCE AND ELECTRONICS RETAILER

Retrieved on: 
Thursday, February 24, 2022

For the twelve months ended December 25, 2021, BrandsMart generated revenues of $757 million and Adjusted EBITDA of $46 million.

Key Points: 
  • For the twelve months ended December 25, 2021, BrandsMart generated revenues of $757 million and Adjusted EBITDA of $46 million.
  • Importantly, we believe the acquisition of BrandsMart will expand our addressable market and create an additional platform for accelerated growth," said Aaron's CEO, Douglas Lindsay.
  • An investor presentation related to Aaron's agreement to acquire BrandsMart can be found on Aaron's investor site at investor.aarons.com.
  • Headquartered inAtlanta, The Aaron's Company, Inc. (NYSE: AAN ) is a leading omnichannel provider of lease-to-own and purchase solutions.

Verde doubles year-on-year Earned Growth Rate

Retrieved on: 
Tuesday, February 8, 2022

BELO HORIZONTE, Brazil, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Verde AgriTech Plc (TSX: NPK) (OTCQB: AMHPF) (Verde or the Company) is pleased to announce a rate of 165% Earned Growth in 2021, compared to a rate of 61% in 2020, demonstrating a higher client repurchase rate and successful client referrals.

Key Points: 
  • BELO HORIZONTE, Brazil, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Verde AgriTech Plc (TSX: NPK) (OTCQB: AMHPF) (Verde or the Company) is pleased to announce a rate of 165% Earned Growth in 2021, compared to a rate of 61% in 2020, demonstrating a higher client repurchase rate and successful client referrals.
  • Historically, Verde assessed its rate of recurring clients through repurchases, which showed the percentage of repeat clients that bought Verde's product over two consecutive years.
  • Earned Growth Rate has two independent components:
    Net Revenue Retention (NRR): The current years revenues from repurchasing customers, divided by the preceding years total revenues, expressed as a percentage.
  • Prompted for comment on Verde's adoption of the EGR metric, Reichheld was categorical in asserting that he believes that wise investors now understand the vital importance of Earned Growth Rate as an indicator of profitable, sustainable growth.

American States Water Company Announces 9% Increase in Quarterly Dividend

Retrieved on: 
Thursday, July 29, 2021

On July 27, 2021, the Board of Directors of American States Water Company (NYSE:AWR) approved an increase in the companys third quarter cash dividend from $0.335 per share to $0.365 per share on the common shares of the company.

Key Points: 
  • On July 27, 2021, the Board of Directors of American States Water Company (NYSE:AWR) approved an increase in the companys third quarter cash dividend from $0.335 per share to $0.365 per share on the common shares of the company.
  • The annualized dividend rate after this increase is $1.46 per share, which represents a 9% increase from the current annualized dividend rate of $1.34 per share.
  • This sizable dividend increase confirms the Boards commitment to long-term, sustainable earnings growth, as well as extending the companys long-term track record of returning cash to shareholders, said Robert J. Sprowls, President and CEO of American States Water Company.
  • American States Water Company is the parent of Golden State Water Company, Bear Valley Electric Service, Inc. and American States Utility Services, Inc., serving over one million people in nine states.

Earnings in the U.S. Middle Market Grew by 15% in Q4 2020

Retrieved on: 
Tuesday, January 12, 2021

This compares to year-over-year earnings growth of 14.9% and revenue growth of 1.1% in the third quarter of 2020.

Key Points: 
  • This compares to year-over-year earnings growth of 14.9% and revenue growth of 1.1% in the third quarter of 2020.
  • However, while caution is warranted until Covid is under control, our data suggests the U.S. middle market remains resilient."
  • It measures the median revenue and earnings growth of more than 150 private U.S. companies in the loan portfolio of Golub Capital, a leading middle market lender.
  • Golub Capital specializes in delivering reliable, creative and compelling financing solutions to middle market companies backed by private equity sponsors.

Ackroo releases Q3 2020 Financial Results reporting record earnings and 17% year-to-date YoY revenue growth

Retrieved on: 
Wednesday, November 4, 2020

The results for the nine-month period ended September 30, 2020 reflect 17% year-to-date year over year revenue growth and a 29% increase in subscription revenue over the same period in 2019.

Key Points: 
  • The results for the nine-month period ended September 30, 2020 reflect 17% year-to-date year over year revenue growth and a 29% increase in subscription revenue over the same period in 2019.
  • The revenue and earnings growth are primarily related to the Company increasing subscription revenue by 29% year-to date and 10% over Q3 2019 which has led to an increased ratio of recurring revenue to one time revenue which is now at an all-time high of 84% of total revenues.
  • We are very happy with what we achieved in Q3 despite Covid-19, said Steve Levely, CEO at Ackroo.
  • We were able to continue to grow our business and achieve record earnings without any government relief thanks to our strong focus on financial management.

Growth in Hours Worked Contributing to Wage Gains for Employees of Small Businesses

Retrieved on: 
Tuesday, September 1, 2020

At 3.28 percent, hourly earnings growth held at a solid pace, while weekly earnings growth continues to improve through a boost in hours worked.

Key Points: 
  • At 3.28 percent, hourly earnings growth held at a solid pace, while weekly earnings growth continues to improve through a boost in hours worked.
  • The South ranks last among regions for earnings and hours worked growth; the South is the only region with hourly earnings growth below three percent and negative weekly hours worked growth.
  • Texas reported negative weekly earnings growth in August, with the weakest hourly earnings growth among states and negative weekly hours worked.
  • Houston ranks last among metros for earnings and hours worked growth, and is the only metro with negative weekly earnings growth.

Meritage Reports Second Quarter 2020 Results; Strong Earnings Growth

Retrieved on: 
Monday, July 13, 2020

GRAND RAPIDS, Mich., July 13, 2020 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nations premier franchise operator, today reported financial results for the second quarter ended June 28, 2020.

Key Points: 
  • GRAND RAPIDS, Mich., July 13, 2020 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU), the nations premier franchise operator, today reported financial results for the second quarter ended June 28, 2020.
  • Net Earnings increased 61.8% to a record $6.1 million compared to $3.8 million for the same period last year.
  • Earnings growth was positively impacted by the new Wendys breakfast segment that launched in early March and has continued to outperform internal targets.
  • The Companys goal is to continue rewarding shareholders with dividend growth commensurate with earnings growth, as we navigate our way to a new industry normal.