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EPCOR Announces Quarterly Results and Release of 2023 Sustainability Report

Retrieved on: 
Wednesday, May 1, 2024
Water quality, Public, Materiality, Responsibility, Natural gas, Depreciation, Heart, Corporate Knights, Electricity, AB, Water, Capital expenditure, Future, Adjustment, Water Environment Federation, Growth, Renewable energy

EDMONTON, AB, May 1, 2024 /CNW/ - EPCOR Utilities Inc. (EPCOR) today filed its quarterly results for the period ended March 31, 2024.

Key Points: 
  • EDMONTON, AB, May 1, 2024 /CNW/ - EPCOR Utilities Inc. (EPCOR) today filed its quarterly results for the period ended March 31, 2024.
  • These measures restricted non-essential water use, while maintaining essential water supplies throughout the event – and had no impact on water quality.
  • "Today marks the release of EPCOR's 2023 Sustainability Report," added Mr. Elford.
  • Reliability and affordability remain important components of our Sustainability Scorecard, and a focus for management across all our utilities."

Aspen Aerogels, Inc. Reports First Quarter 2024 Financial Results and Recent Business Highlights

Retrieved on: 
Wednesday, May 1, 2024
Quarter, News, Yoy, OEM, Automotive News, Original equipment manufacturer, General Motors, EV, Aspen, PACE, GM, Ratio, ASPN, Adjustment, Ultium

NORTHBOROUGH, Mass., May 1, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the first quarter of 2024, and discussed recent business developments.

Key Points: 
  • NORTHBOROUGH, Mass., May 1, 2024 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen" or the "Company"), a technology leader in sustainability and electrification solutions, today announced financial results for the first quarter of 2024, and discussed recent business developments.
  • Total revenue for the first quarter of 2024 was $94.5 million, compared to $45.6 million in the first quarter of 2023.
  • Net loss was $1.8 million, compared to a net loss of $16.8 million in the first quarter of 2023.
  • Adjusted EBITDA for the first quarter of 2024 was $12.9 million, compared to $(13.9) million in the first quarter of 2023.

Clearwater Analytics Announces First Quarter 2024 Financial Results

Retrieved on: 
Wednesday, May 1, 2024
Investment, ARR, Insurance, Risk, Clearwater Analytics, Software as a service, CWIC, ACV, Tax, Fintech, Acquisition, NRR, Data management, Adjustment, TAM, Accounting, GAAP, Growth, Financial adviser

Record Quarterly Revenue of $102.7 Million, Up 21% Year-Over-Year

Key Points: 
  • Record Quarterly Revenue of $102.7 Million, Up 21% Year-Over-Year
    Adjusted EBITDA of $32.2 Million, Up 43% Year-Over-Year
    Annualized Recurring Revenue of $402.3 Million, Up 19% Year-Over-Year
    BOISE, Idaho, May 1, 2024 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. (NYSE: CWAN) ("Clearwater Analytics" or the "Company"), a leading worldwide provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced its financial results for the quarter ended March 31, 2024.
  • Revenue: Total revenue for the first quarter of 2024 was $102.7 million, an increase of 21.4%, from $84.6 million in the first quarter of 2023.
  • On April 22, 2024, Clearwater Analytics completed its acquisition of the risk performance, and analytics platforms of Wilshire Advisors LLC, a leading global financial services firm.
  • Clearwater Analytics announced that leading general insurer MSIG Singapore selected Clearwater to power its investment data management, portfolio analytics, and investment reporting operations.

Zillow Group Reports First-Quarter 2024 Financial Results

Retrieved on: 
Wednesday, May 1, 2024
Adjustment, Software, Zillow, ZG, Investment, GAAP, Growth, National Association, Housing, Commercial property

SEATTLE, May 1, 2024 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ: Z and ZG), which is transforming the way people buy, sell, rent and finance homes, today announced its consolidated financial results for the three months ended March 31, 2024.

Key Points: 
  • SEATTLE, May 1, 2024 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ: Z and ZG), which is transforming the way people buy, sell, rent and finance homes, today announced its consolidated financial results for the three months ended March 31, 2024.
  • Zillow Group's first-quarter results exceeded the company's outlook for revenue and Adjusted EBITDA.
  • 1 National Association of REALTORS® existing homes sold during Q1 2024 multiplied by the average selling price per home for Q1 2024, compared with the same period in 2023.
  • The following table sets forth Zillow Group's financial highlights for the periods presented (in millions, except percentages, unaudited):

Etsy, Inc. Reports First Quarter 2024 Results

Retrieved on: 
Wednesday, May 1, 2024
GMS, System, Acceleration, News, Reverberation, Growth, Algorithm, United States Postal Service, Acquisition, Consolidated, Trust, Marketing, Adjustment, Advertising, Big Game, GAAP

Percent GMS ex-U.S. domestic for the Etsy marketplace for the three months ended March 31, 2024 was 48%.

Key Points: 
  • Percent GMS ex-U.S. domestic for the Etsy marketplace for the three months ended March 31, 2024 was 48%.
  • Consolidated active sellers and active buyers includes Etsy marketplace active sellers and active buyers of 7.0 million and 91.6 million, respectively, as of March 31, 2024.
  • We are in early days of building out the Gift Mode customer experience, with important product launches slated for the second quarter and beyond.
  • Depop had its highest ever product development velocity in the first quarter of 2024 while maintaining a strong win rate.

FARO Announces First Quarter Financial Results

Retrieved on: 
Wednesday, May 1, 2024
Adjustment, Total, International, Investment, Calendar, GAAP, EPS, Ratio, Interest, Bank

Q1 loss per share of $(0.38); Non-GAAP earnings per share ("EPS") of $0.09, above guidance range

Key Points: 
  • Q1 loss per share of $(0.38); Non-GAAP earnings per share ("EPS") of $0.09, above guidance range
    LAKE MARY, Fla., May 1, 2024 /PRNewswire/ -- FARO® Technologies, Inc. (Nasdaq: FARO), a global leader in 4D digital reality solutions, today announced its financial results for the first quarter ended March 31, 2024.
  • GAAP net loss of $7.3 million and Adjusted EBITDA of $5.6 million, or 6.6% of revenue, demonstrates the progress we continue to make towards our aspirational financial goals.
  • In addition, we again expanded our cash position by generating $6.6 million of operating cash flow in the quarter, driven by profitability and efficiencies in working capital."
  • For the second quarter ending June 30, 2024, FARO currently expects:
    Operating expenses in the range of $46 to $48 million.

Aviat Networks Announces Fiscal 2024 Third Quarter and Nine Month Financial Results

Retrieved on: 
Wednesday, May 1, 2024
International, PIN, Aviat Networks, Depreciation, Webcast, Corporate development, Acquisition, Adjustment, Telephone, GAAP, Growth, Operation, Interest, Aviat

AUSTIN, Texas, May 1, 2024 /PRNewswire/ -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (Nasdaq: AVNW), the leading expert in wireless transport and access solutions, today reported financial results for its fiscal 2024 third quarter ended March 29, 2024.

Key Points: 
  • Total Revenue of $111.6 million; Up 33.7% Year-Over-Year
    Adjusted EBITDA of $12.0 million; Up 11.1% Year-Over-Year
    Cash from Operations of $15.3 million in current quarter, $22.2 million year-to-date
    AUSTIN, Texas, May 1, 2024 /PRNewswire/ -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (Nasdaq: AVNW), the leading expert in wireless transport and access solutions, today reported financial results for its fiscal 2024 third quarter ended March 29, 2024.
  • Fiscal 2024 Third Quarter and Nine Months Ended March 29, 2024
    The Company reported total revenues of $111.6 million for its fiscal 2024 third quarter, compared to $83.5 million in the fiscal 2023 third quarter, an increase of $28.1 million or 33.7%.
  • In the fiscal 2024 third quarter, the Company reported GAAP gross margin of 32.7% and non-GAAP gross margin of 35.2%.
  • The Company is updating its fiscal 2024 full year guidance as follows:
    Aviat Networks will host a conference call at 5:00 p.m. Eastern Time (ET) today, May 1, 2024, to discuss its financial and operational results for the fiscal 2024 third quarter ended March 29, 2024.

COGNIZANT REPORTS FIRST QUARTER 2024 RESULTS

Retrieved on: 
Wednesday, May 1, 2024
Cloud, Cognizant, PEAK, AI, FCC, Google Cloud, Partnership, Facet, HFS, Intelligence, Shopify, Culture, Fortune (magazine), NVIDIA, Intellectual property, Drug discovery, GAAP, Telstra, Fraud, Machine learning, LexisNexis, Health, Airline, Workforce, FICO, Performance, IDC, Nextgen, ServiceNow, Doctor of Philosophy, Insurance, Pon Holdings, Artificial intelligence, Assessment, Engineering, Automation, First officer (aviation), Microsoft, EPS, CPG, Science, Patient, Acquisition, CNO, Share repurchase, Telecommunications, Adjustment, Growth

The Company repurchased 1.4 million shares for $110 million during the first quarter under its share repurchase program.

Key Points: 
  • The Company repurchased 1.4 million shares for $110 million during the first quarter under its share repurchase program.
  • In April 2024, the Company declared a quarterly cash dividend of $0.30 per share for shareholders of record on May 20, 2024.
  • The conference call will also be available live on the Investor Relations section of the Cognizant website at http://investors.cognizant.com .
  • An earnings supplement will also be available on the Cognizant website at the time of the conference call.

STAGWELL INC. (NASDAQ: STGW) REPORTS RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2024

Retrieved on: 
Wednesday, May 1, 2024
Table, Net, Stagwell, Depreciation, Class, Security (finance), Organic, Public expenditure, Acquisition, EPS, Ratio, Adjustment, Growth

In addition to its reported results, Stagwell Inc. has included in this earnings release certain financial results that the Securities and Exchange Commission (SEC) defines as "non-GAAP Financial Measures."

Key Points: 
  • In addition to its reported results, Stagwell Inc. has included in this earnings release certain financial results that the Securities and Exchange Commission (SEC) defines as "non-GAAP Financial Measures."
  • Management believes that such non-GAAP financial measures, when read in conjunction with the Company's reported results, can provide useful supplemental information for investors analyzing period to period comparisons of the Company's results.
  • (2) Net New Business: Estimate of annualized revenue for new wins less annualized revenue for losses incurred in the period.
  • Included in this earnings release are tables reconciling reported Stagwell Inc. results to arrive at certain of these non-GAAP financial measures.

CGI reports second quarter Fiscal 2024 results

Retrieved on: 
Wednesday, May 1, 2024
International, Issuer, Consultant, Tax, International Financial Reporting Standards, EDGAR, Acquisition, EPS, Face, Bank statement, Adjustment, Buy, CGI, Music

For the second quarter of Fiscal 2024, the Company reported revenue of $3.74 billion, representing a year-over-year increase of 0.7%.

Key Points: 
  • For the second quarter of Fiscal 2024, the Company reported revenue of $3.74 billion, representing a year-over-year increase of 0.7%.
  • As of March 31, 2024, the number of CGI consultants and professionals worldwide stood at approximately 90,000.
  • During the second quarter of Fiscal 2024, the Company invested $102.6 million back into its business, and $260.0 million under its current Normal Course Issuer Bid to purchase for cancellation 1,741,730 of its Class A subordinate voting shares.
  • The net debt-to-capitalization ratio was 16.4% at the end of March 2024, down 760 basis points when compared to the prior year.