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The Simply Good Foods Company Completes Acquisition of Only What You Need (OWYN)

Retrieved on: 
Thursday, June 13, 2024

DENVER, June 13, 2024 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (Nasdaq: SMPL) (“Simply Good Foods,” or the “Company”), a developer, marketer and seller of branded nutritional foods and snacking products, today announced it has completed the acquisition of Only What You Need (“OWYN”), a leading plant-based ready-to-drink (“RTD”) protein shake brand, which was previously announced on April 29, 2024.

Key Points: 
  • DENVER, June 13, 2024 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (Nasdaq: SMPL) (“Simply Good Foods,” or the “Company”), a developer, marketer and seller of branded nutritional foods and snacking products, today announced it has completed the acquisition of Only What You Need (“OWYN”), a leading plant-based ready-to-drink (“RTD”) protein shake brand, which was previously announced on April 29, 2024.
  • The addition of OWYN builds on Simply Good Foods’ leadership position within the nutritional snacking category.
  • “The acquisition of OWYN represents a significant strategic win for Simply Good Foods.
  • Simply Good Foods base business, excluding OWYN, is tracking to the full fiscal year 2024 outlook provided on April 4, 2024.

Stellantis 2024 Investor Day Highlights: Powerful Differentiators, Unique Flexibility and Exceptional Returns

Retrieved on: 
Thursday, June 13, 2024

Today, at Stellantis’ first Investor Day, CEO Carlos Tavares outlined nine key strategic differentiators the Company is leveraging to unlock value and address the disruption and reinvention of the auto industry worldwide.

Key Points: 
  • Today, at Stellantis’ first Investor Day, CEO Carlos Tavares outlined nine key strategic differentiators the Company is leveraging to unlock value and address the disruption and reinvention of the auto industry worldwide.
  • “Today we are a unique company by nature and a powerful carmaker by performance, well-equipped to deliver through tough times and win the long game.
  • Our global presence, powerful technology and brand portfolio span across diverse products – ranging from quadricycles to luxury cars – giving us an enviable customer reach,” Stellantis CEO Carlos Tavares told attendees.
  • The 2024 Stellantis Investor Day hosted analysts, investors, and media in Auburn Hills, Michigan, U.S. For those unable to view the Stellantis Investor Day webcast, a recorded replay and the presentation material will be available under the Investors section of the Company’s corporate website: https://www.stellantis.com/en/investors/events/stellantis-investor-day-2024

Stellantis Reiterates 2024 Financial Guidance and H1/H2 Color Updated Capital Framework Supports Strong Returns

Retrieved on: 
Thursday, June 13, 2024

Chief Financial Officer Natalie Knight and other members of the Top Executive Team will share updates on the Company’s regions, functions and brands.

Key Points: 
  • Chief Financial Officer Natalie Knight and other members of the Top Executive Team will share updates on the Company’s regions, functions and brands.
  • Stellantis management confirms its 2024 financial guidance and capital return plan:
    Double-digit Adjusted Operating Income (AOI) margin and positive industrial free cash flows.
  • Capital Return: Delivering ≥€7.7 billion in dividends and buybacks in 2024.
  • Stellantis is also updating its capital plan in several significant ways:
    Setting target liquidity levels of 25-30% of revenues for the medium-term, shifting focus to capital efficiency and supporting strong shareholder returns.

Nathan's Famous, Inc. Reports Year End and Fourth Quarter Results

Retrieved on: 
Wednesday, June 12, 2024

JERICHO, N.Y., June 12, 2024 (GLOBE NEWSWIRE) -- Nathan's Famous, Inc. (NASDAQ:NATH) today reported results for its fiscal year and fourth quarter ended March 31, 2024.

Key Points: 
  • JERICHO, N.Y., June 12, 2024 (GLOBE NEWSWIRE) -- Nathan's Famous, Inc. (NASDAQ:NATH) today reported results for its fiscal year and fourth quarter ended March 31, 2024.
  • For the fourteen weeks ended March 31, 2024:
    Revenues were $28,991,000 for the fourteen weeks ended March 31, 2024 (“fourth quarter fiscal 2024”) as compared to $27,414,000 for the thirteen weeks ended March 26, 2023 (“fourth quarter fiscal 2023”);
    Income from operations was $6,802,000 for the fourth quarter fiscal 2024 as compared to $6,419,000 for the fourth quarter fiscal 2023;
    Adjusted EBITDA1 for the fourth quarter fiscal 2024, a non-GAAP financial measure, was $7,282,000 as compared to $7,096,000 for the fourth quarter fiscal 2023;
    Income before provision for income taxes was $5,720,000 for the fourth quarter fiscal 2024 as compared to $4,353,000 for the fourth quarter fiscal 2023;
    Net income was $3,910,000 for the fourth quarter fiscal 2024 as compared to $3,265,000 for the fourth quarter fiscal 2023; and
    Earnings per diluted share was $0.96 per share for the fourth quarter fiscal 2024 as compared to $0.80 per share for the fourth quarter fiscal 2023.
  • The Company also reported the following:
    License royalties increased to $33,581,000 during fiscal 2024 as compared to $33,455,000 during fiscal 2023.
  • During fiscal 2024, royalties earned under the retail agreement, including the foodservice program, from Smithfield Foods, Inc., were $30,068,000 as compared to $29,998,000 during fiscal 2023.

Streamline Health® Reports Fiscal First Quarter 2024 Financial Results

Retrieved on: 
Tuesday, June 11, 2024

Total revenue for the first quarter of fiscal 2024 was $4.3 million as compared to $5.3 million during the first quarter of fiscal 2023.

Key Points: 
  • Total revenue for the first quarter of fiscal 2024 was $4.3 million as compared to $5.3 million during the first quarter of fiscal 2023.
  • On a pro forma basis, excluding the revenue recognized from that contract SaaS revenue grew 22% in the first quarter of fiscal 2024 compared to the first quarter of fiscal 2023.
  • Net loss for the first quarter of fiscal 2024 was ($2.7 million) compared to a net loss of ($2.9 million) during the first quarter of fiscal 2023.
  • Adjusted EBITDA for the first quarter of fiscal 2024 was ($0.7 million) compared to ($1.3 million) during the first quarter of fiscal 2023.

PetMeds® Announces Its Fourth Quarter and Fiscal Year End Financial Results

Retrieved on: 
Tuesday, June 11, 2024

DELRAY BEACH, Fla., June 11, 2024 (GLOBE NEWSWIRE) -- PetMed Express, Inc. dba PetMeds and parent company of PetCareRx (NASDAQ: PETS) today announced its financial results for its fourth quarter and fiscal year ended March 31, 2024.

Key Points: 
  • DELRAY BEACH, Fla., June 11, 2024 (GLOBE NEWSWIRE) -- PetMed Express, Inc. dba PetMeds and parent company of PetCareRx (NASDAQ: PETS) today announced its financial results for its fourth quarter and fiscal year ended March 31, 2024.
  • Net loss for the quarter ended March 31, 2024 was $(5.0) million, or $(0.25) diluted earnings per share.
  • This compares to net loss of $(0.2) million, or $(0.01) diluted earnings per share, for the prior year quarter ended March 31, 2023.
  • Adjusted EBITDA1 was $0.5 million for the current year quarter, compared to Adjusted EBITDA of $3.6 million, for the quarter ended March 31, 2023.

Crown Castle Implements Operational Changes and Updates Outlook for Full Year 2024

Retrieved on: 
Tuesday, June 11, 2024

HOUSTON, June 11, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") today announced plans to enhance operational performance and updated its full year 2024 outlook.

Key Points: 
  • HOUSTON, June 11, 2024 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") today announced plans to enhance operational performance and updated its full year 2024 outlook.
  • In January 2024, Crown Castle initiated a comprehensive strategic and operational review of its Fiber segment.
  • Taking these changes into account, Crown Castle continues to believe there is sufficient demand to grow small cell revenues by double digits over the next several years.
  • Similarly, in its fiber solutions business, Crown Castle believes it can reduce discretionary capital expenditures going forward.

Kaltura Announces Stock Repurchase Program

Retrieved on: 
Tuesday, June 11, 2024

NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) -- Kaltura, Inc. (“Kaltura” or the “Company”) (Nasdaq: KLTR), the Video Experience Cloud, today announced that its Board of Directors has authorized a stock repurchase program for up to $5 million of the Company’s common stock.

Key Points: 
  • NEW YORK, June 11, 2024 (GLOBE NEWSWIRE) -- Kaltura, Inc. (“Kaltura” or the “Company”) (Nasdaq: KLTR), the Video Experience Cloud, today announced that its Board of Directors has authorized a stock repurchase program for up to $5 million of the Company’s common stock.
  • Under the program, the Company may make repurchases, from time to time, through open market purchases, block trades, in privately negotiated transactions, accelerated stock repurchase transactions, or by other means.
  • The repurchase program does not obligate the Company to repurchase any specific amount of common stock, has no time limit, and may be modified, suspended, or discontinued at any time without notice at the discretion of the Board of Directors.
  • The Company currently expects to fund the repurchase program from existing cash and cash equivalents, short-term investments and/or future cash flows.

Calavo Growers, Inc. Announces Second Quarter 2024 Financial Results

Retrieved on: 
Monday, June 10, 2024

SANTA PAULA, Calif., June 10, 2024 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado industry leader and provider of convenient, ready-to-eat fresh food, today reported its financial results for the fiscal second quarter ended April 30, 2024.

Key Points: 
  • SANTA PAULA, Calif., June 10, 2024 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado industry leader and provider of convenient, ready-to-eat fresh food, today reported its financial results for the fiscal second quarter ended April 30, 2024.
  • As a result, the financial results of that business are reported as discontinued operations in this press release.
  • Grown gross profit increased 27% versus the prior year quarter, driven by strength in avocado margins as well as strong performance in tomatoes.
  • The third quarter is off to a great start, and we expect strong results as we remain focused on maximizing value in our core businesses.

Concrete Pumping Holdings Reports Second Quarter Fiscal Year 2024 Results

Retrieved on: 
Thursday, June 6, 2024

Second Quarter Fiscal Year 2024 Summary vs. Second Quarter of Fiscal Year 2023 (unless otherwise noted)

Key Points: 
  • Second Quarter Fiscal Year 2024 Summary vs. Second Quarter of Fiscal Year 2023 (unless otherwise noted)
    Revenue of $107.1 million compared to $107.8 million.
  • Revenue in the second quarter of fiscal year 2024 was $107.1 million compared to $107.8 million in the second quarter of fiscal year 2023.
  • Net income in the second quarter of fiscal year 2024 was $3.0 million compared to $5.6 million in the prior year quarter.
  • Revenue in the second quarter of fiscal 2024 decreased 5% to $74.6 million compared to $78.4 million in the prior year quarter.