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Power Solutions International Announces Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 9, 2023

WOOD DALE, Ill., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announces third quarter 2023 financial results.

Key Points: 
  • WOOD DALE, Ill., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announces third quarter 2023 financial results.
  • Gross profit increased by $3.8 million, or 16%, during the third quarter of 2023 as compared to the same period in the prior year.
  • Net income in the third quarter of 2023 was $7.8 million, or $0.34 per share, compared to net income of $3.2 million, or $0.14 per share for the third quarter of 2022.
  • The Company is working to mitigate the impact of this delay for the remainder of 2023 and going forward.

Deswell Announces First Half 2024 Results

Retrieved on: 
Friday, November 17, 2023

Deswell Industries, Inc. (Nasdaq: DSWL) today announced its unaudited financial results for the first six months of fiscal 2023, ended September 30, 2023.

Key Points: 
  • Deswell Industries, Inc. (Nasdaq: DSWL) today announced its unaudited financial results for the first six months of fiscal 2023, ended September 30, 2023.
  • Gross profit margin in the plastic segment increased to 19.6% of net sales for the first half of fiscal 2024, compared to 13.2% of net sales for the corresponding period of last fiscal year.
  • Operating income in the first half of fiscal 2024 was $2.3 million, compared to operating income of $2.0 million for the same period of fiscal 2023.
  • Additionally, our margin performance benefitted from the depreciation of renmibi in the first half of 2024.

Portman Ridge Finance Corporation Announces Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 8, 2023

NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”) announced today its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Declared stockholder distribution of $0.69 per share for the fourth quarter of 2023, payable on November 30, 2023 to stockholders of record at the close of business on November 20, 2023.
  • Including the distribution subsequent to the announcement of full year 2022 earnings results, total stockholder distributions for 2023 amount to $2.75 per share.
  • Instead, the net leverage ratio should be reviewed only in connection with such U.S. GAAP measures in analyzing Portman Ridge’s financial condition.
  • Operating results for the three months and nine ended September 30, 2023 and September 30, 2022 were as follows:

Fidus Investment Corporation Announces Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 2, 2023

EVANSTON, Ill., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Fidus Investment Corporation (NASDAQ:FDUS) (“Fidus” or the “Company”), a provider of customized debt and equity financing solutions, primarily to lower middle-market companies based in the United States, today announced its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Our total portfolio investments at fair value were approximately 103.5% of the related cost basis as of September 30, 2023.
  • Third quarter 2023 investment activity included the following new portfolio company investments:
    Dealerbuilt Acquisition, LLC, a leading provider of Dealer Management System (DMS) software for auto dealerships.
  • Management will host a conference call to discuss the operating and financial results at 9:00am ET on Friday, November 3, 2023.
  • Please ask to be joined into the Fidus Investment Corporation call.

Climb Global Solutions Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023

EATONTOWN, N.J., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQ:CLMB) (“Climb”, the “Company”, “we”, or “our”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, is reporting results for the third quarter ended September 30, 2023.

Key Points: 
  • EATONTOWN, N.J., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQ:CLMB) (“Climb”, the “Company”, “we”, or “our”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, is reporting results for the third quarter ended September 30, 2023.
  • Net sales in the third quarter of 2023 increased 3% to $78.5 million compared to $76.3 million for the same period in 2022.
  • Gross profit in the third quarter of 2023 increased 6% to $14.3 million compared to $13.5 million for the same period in 2022.
  • The Company will conduct a conference call tomorrow, November 2, 2023, at 8:30 a.m. Eastern time to discuss its results for the third quarter ended September 30, 2023.

Equitrans Midstream Announces Third Quarter 2023 Results

Retrieved on: 
Tuesday, October 31, 2023

Following PHMSA's approval of ETRN's subsequent injection plan, on October 5, 2023, ETRN resumed injections at the storage field.

Key Points: 
  • Following PHMSA's approval of ETRN's subsequent injection plan, on October 5, 2023, ETRN resumed injections at the storage field.
  • For the full-year 2023, ETRN estimates that it will incur approximately $10 million of expenses related to post-incident response activities.
  • ETRN expects to invest a total of approximately $160 million in the project, including approximately $60 million in 2023.
  • ETRN will host a conference call with security analysts today, October 31, 2023, at 10:30 a.m. (ET) to discuss third quarter 2023 financial results, operating results, and other business matters.

Oil States Announces Third Quarter 2023 Results

Retrieved on: 
Friday, October 27, 2023

Oil States International, Inc. reported net income of $4.2 million, or $0.07 per share, and Adjusted EBITDA of $23.4 million for the third quarter of 2023 on revenues of $194.3 million.

Key Points: 
  • Oil States International, Inc. reported net income of $4.2 million, or $0.07 per share, and Adjusted EBITDA of $23.4 million for the third quarter of 2023 on revenues of $194.3 million.
  • Oil States' President and Chief Executive Officer, Cindy B. Taylor, stated,
    "Our third quarter results benefited from growth in offshore and international spending, with significant sequential and year-over-year increases in offshore-project activity and backlog conversion.
  • Adjusted Segment EBITDA margin in the third quarter of 2023 was 22%, compared to 17% in the second quarter of 2023.
  • Adjusted Segment EBITDA margin was 16% in the third quarter of 2023, compared to 18% in the second quarter of 2023.

Oshkosh Corporation Reports Fiscal 2023 Third Quarter Results

Retrieved on: 
Thursday, October 26, 2023

Adjusted1 net income was $200.6 million, or $3.04 per diluted share, for the third quarter of fiscal 2023 compared to $75.9 million, or $1.15 per diluted share, for the third quarter of fiscal 2022.

Key Points: 
  • Adjusted1 net income was $200.6 million, or $3.04 per diluted share, for the third quarter of fiscal 2023 compared to $75.9 million, or $1.15 per diluted share, for the third quarter of fiscal 2022.
  • Consolidated operating income in the third quarter of fiscal 2023 increased 118.9 percent to $256.5 million, or 10.2 percent of sales, compared to $117.2 million, or 5.7 percent of sales, in the third quarter of fiscal 2022.
  • Adjusted1 operating income in the third quarter of fiscal 2023 was $276.3 million, or 11.0 percent of sales, compared to $126.9 million, or 6.1 percent of sales, in the third quarter of fiscal 2022.
  • The Company will host a conference call at 9:00 a.m. EDT this morning to discuss its third quarter results and its fiscal 2023 outlook.

Fidelity D & D Bancorp, Inc. Reports Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, October 25, 2023

DUNMORE, Pa., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) and its banking subsidiary, The Fidelity Deposit and Discount Bank, announced its unaudited, consolidated financial results for the three and nine-month periods ended September 30, 2023.

Key Points: 
  • DUNMORE, Pa., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) and its banking subsidiary, The Fidelity Deposit and Discount Bank, announced its unaudited, consolidated financial results for the three and nine-month periods ended September 30, 2023.
  • Net interest income was $14.6 million for the third quarter of 2023, a 21% decrease from the $18.5 million earned for the third quarter of 2022.
  • The cost of funds increased 134 basis points to 1.63% for the third quarter of 2023 from 0.29% for the third quarter of 2022.
  • Non-interest expenses decreased $0.3 million, or 2%, for the third quarter of 2023 to $12.8 million from $13.1 million for the same quarter of 2022.

Mattel Reports Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, October 25, 2023

At 5:00 p.m. (Eastern Standard Time) today, Mattel will host a conference call with investors and financial analysts to discuss its third quarter financial results.

Key Points: 
  • At 5:00 p.m. (Eastern Standard Time) today, Mattel will host a conference call with investors and financial analysts to discuss its third quarter financial results.
  • To supplement our financial results presented in accordance with generally accepted accounting principles in the United States (“GAAP”), Mattel presents certain non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission.
  • Mattel believes that the disclosure of non-GAAP financial measures provides useful supplemental information to investors to be able to better evaluate ongoing business performance and certain components of Mattel’s results.
  • The disclosure of the percentage change in constant currency enhances investor’s ability to compare financial results from one period to another.