Domestic

Janus International Group to Report Fourth Quarter and Full Year 2023 Results on February 28, 2024

Retrieved on: 
Wednesday, February 14, 2024
Other Manufacturing, Commercial Building & Real Estate, Technology, Construction & Property, Other Technology, Professional Services, Manufacturing, Other Construction & Property, Other Professional Services, Janus, Domestic, International, JBI, International Marxist Group, Conference, Webcast, Video game

A webcast and conference call will be held that same day at 10:00 a.m.

Key Points: 
  • A webcast and conference call will be held that same day at 10:00 a.m.
  • ET to review the Company’s fourth quarter and full year results and conduct a question-and-answer session.
  • Upon dialing in, please request to join the Janus International Group Fourth Quarter 2023 Earnings Conference Call.
  • To access the replay of the call, dial 1-844-512-2921 (Domestic) or 1-412-317-6671 (International) with pass code 13743925.

Managing the transition to central bank digital currency

Retrieved on: 
Wednesday, February 14, 2024
Technical report, Regulation, Private sector, Aircraft, Interest, RTD, Policy, CES, Research Papers in Economics, A.2, The Economic Journal, RTK, International Settlement, F30, Next, A.6, Community business development corporation, A.7, UIP, American Economic Journal, National bank, Paper, Bank, Macroeconomics, Economy, Central bank, GSS, Capital, XF, Elasticity, Government, Competition, Credit, Social science, Volatility, Domestic, European, IH, Investment, A.13, SSRN, Intermediate, A.5, Section 2, AP, Probability, Review of Economic Dynamics, Foreign, Journal of Monetary Economics, Remuneration, Uncertainty, Medical classification, Bank of England, Shock, DF, Bank of Canada, ISSN, CIA, European Central Bank, Survival, RD, FH, KT, N B, Cuore, Monetary economics, Section 3, Welfare, Iteration, DSGE, Blessthefall, Reserve, Website, GBP, Calibration, RDC, Parameter, DCT, GDP, KF, Sokol, Rebelo, Figure, De Nederlandsche Bank, Parity, TFP, Depreciation, Total, BIS, Home, Section 4, Attitude, Acquisition, JEL, Cross, Household, FF, QT, Control, Swiss, Motion, ECB, M. A, GF, A.9, RT, Cattolica, Exercise, C.2, XH, Tax, Crowding, European Parliament, Literature, Reproduction, Political economy, Committee, Exp, E50, Uhlig, EUR, IID, Digital currency, Tourism, American Economic Review, Manuscript, AG, A.8, Research, F41, Friction, Public sector, PDF, U N, YH, Cryptocurrency
Key Points: 

    Electromed, Inc. Announces Record Financial Performance in Fiscal 2024 Second Quarter

    Retrieved on: 
    Tuesday, February 13, 2024
    Other Manufacturing, Medical Supplies, General Health, Health, Medical Devices, Health Technology, Manufacturing, Other Health, Marketing, Domestic, International, Growth, Investment

    Net revenue increased 17% to a record $13.7 million in Q2 FY 2024, from $11.7 million in the second quarter of the prior fiscal year.

    Key Points: 
    • Net revenue increased 17% to a record $13.7 million in Q2 FY 2024, from $11.7 million in the second quarter of the prior fiscal year.
    • Gross margins were 77% of revenue, compared to 74% in the second quarter of the prior fiscal year.
    • Operating income was a record $2,263,000 or 16.5% of revenue, compared with $1,274,000 or 10.1% of revenue in the second quarter of the prior fiscal year.
    • Net income was a record $1,674,000 for the quarter, or $0.19 per diluted share, compared to $977,000, or $0.11 per diluted share in the second quarter of the prior fiscal year.

    Ambac to Release Fourth Quarter 2023 Results on February 27, 2024

    Retrieved on: 
    Tuesday, February 13, 2024
    Professional Services, Insurance, Finance, Ambac, Domestic, International, ID, Webcast, Telephone

    Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, will release fourth quarter 2023 results on February 27, 2024, following the close of the market.

    Key Points: 
    • Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, will release fourth quarter 2023 results on February 27, 2024, following the close of the market.
    • On February 28, 2024, at 8:30am (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss fourth quarter 2023 results during a live conference call.
    • A live audio webcast of the call will be available through the Investor Relations section of Ambac’s website, www.ambac.com .
    • A replay of the call will be available through March 13, 2024, and can be accessed by dialing (844) 512-2921 (Domestic) or (412) 317-6671 (International), using ID# 13744126.

    Perella Weinberg Reports Full Year and Fourth Quarter 2023 Results

    Retrieved on: 
    Thursday, February 8, 2024
    Partnership, Perella Weinberg Partners, Travel, GAAP, International, PWP, Common stock, Investment, Treasury, Domestic, Webcast

    GAAP total compensation and benefits were $215.1 million for the fourth quarter of 2023, compared to $167.1 million for the fourth quarter of 2022.

    Key Points: 
    • GAAP total compensation and benefits were $215.1 million for the fourth quarter of 2023, compared to $167.1 million for the fourth quarter of 2022.
    • Adjusted total compensation and benefits were $162.7 million for the fourth quarter of 2023 as compared to $134.1 million for the same period a year ago.
    • GAAP non-compensation expenses were $41.5 million for the fourth quarter of 2023, compared with $35.6 million for the fourth quarter of 2022.
    • Adjusted non-compensation expenses were $38.9 million for the fourth quarter of 2023, compared with $32.1 million for the same period a year ago.

    Electromed, Inc. Schedules its Second Quarter Fiscal 2024 Financial Results Conference Call for February 13, 2024 at 5:00 p.m. ET

    Retrieved on: 
    Tuesday, January 30, 2024
    Health Technology, Health, Medical Supplies, Medical Devices, Domestic, International

    Electromed, Inc. (“Electromed” or the “Company”) (NYSE American: ELMD), a leader in innovative airway clearance technologies, today announced that it will issue its financial results press release for the fiscal 2024 second quarter ended December 31, 2023, on February 13, 2024 after the close of the stock market.

    Key Points: 
    • Electromed, Inc. (“Electromed” or the “Company”) (NYSE American: ELMD), a leader in innovative airway clearance technologies, today announced that it will issue its financial results press release for the fiscal 2024 second quarter ended December 31, 2023, on February 13, 2024 after the close of the stock market.
    • Company management will host a conference call the same day at 5:00 p.m. Eastern Time to discuss the results.
    • The live conference call webcast will be accessible in the Investor Relations section of Electromed’s website and directly via the following link: https://viavid.webcasts.com/starthere.jsp?ei=1650986&tp_key=12e0064318
      For those who cannot listen to the live broadcast, a replay will be available by dialing (844) 512-2921 (Domestic) or (412) 317-6671 (International) and referencing the replay pin number 13743606.
    • Additionally, an online replay will be available in the Investor Relations section of Electromed’s web site at: https://investors.smartvest.com/events-and-presentations/default.aspx

    Deposit market concentration and monetary transmission: evidence from the euro area

    Retrieved on: 
    Sunday, February 4, 2024
    Neumark, American Economic Journal, Paper, A18, A21, Money, A4, Financial crisis, International, A5, A1, Exercise, Timothy, A14, Monetary policy, IRF, Interest rate, Economy, Quarterly Journal of Economics, NII, A8, Policy, HICP, MMF, Control, Statistics, Series, ECB, DNB, Index (economics), Finance, Section 3, GDP, History, American Economic Review, De Nederlandsche Bank, Rigidity, XB, Habit, Website, Federal funds, Social science, A11, 95.1 FM, IMF, MPS, A9, Credit, University of Amsterdam, Wang, A26, HHI, European Economic Review, Reproduction, Shock, University, Journal of Political Economy, Central bank, A30, Journal of Monetary Economics, Interval (mathematics), A25, G21, Politics, Auerbach, Silvana Tenreyro, XT, Research Papers in Economics, Causality, Deposit, Yb, A27, Time series, Dynamics, Literature, Hey, SSI, Interpolation, O'Driscoll (surname), BSI, A23, United, Domestic, European Central Bank, VAR, A28, Rigid transformation, A6, OIS, Role, PDF, Research, Feedback, The Journal of Finance, A15, A17, NFC, A22, E43, DSGE, Quarterly Journal, E52, MIR, Appendix, A10, Information, Surface finishing

    Abstract

    Key Points: 
      • Abstract
        I study the transmission of monetary policy to deposit rates in the euro area with a
        focus on asymmetries and the role of banking sector concentration.
      • Moreover, the
        gap between deposit rates across euro area member states - despite being exposed to the same
        key ECB interest rates - has widened.
      • This begs the question whether deposit rates are more
        sluggish in response to both policy rate increases and cuts, and what factors might influence the
        transmission of monetary policy to deposit rates.
      • Whether banks are indeed able to adjust deposit rates asymmetrically to positive and
        negative changes in policy rates could thus well depend on how much market power they hold
        in the deposit market.
      • Arguing that market power increases in the degree of market concentration,
        I further consider whether more concentrated banking sectors set rates (more) asymmetrically.
      • The response of deposit rates in banking sectors with an average degree of concentration does
        not appear asymmetric.
      • The degree of market concentration is often pointed at, but recent evidence
        for the euro area is scarce.
      • In this paper, I provide empirical evidence on the asymmetric response of deposit rates to
        monetary policy, and relate this to the degree of concentration within a country?s banking sector.
      • Both papers
        provide empirical evidence based on US deposit markets showing that deposit rates respond
        more rigidly to upward changes in market rates than downward changes, especially so in more
        concentrated markets.
      • Recent research on euro area deposit markets,
        instead, has focused more on the transmission of negative policy rates (see e.g.
      • Whether banks are able to set deposit rates that materially differ from policy rates is affected

        ECB Working Paper Series No 2896

        4

        by market concentration: market power is assumed to increase in the degree of concentration in
        the banking sector.

      • Concentration thus appears to matter for how quickly ECB monetary policy has
        been transmitted to deposit rates across the euro area.
      • Banks thus have a motive to be
        rigid in adjusting deposit rates to a ?positive? monetary policy shock.
      • While customers are generally (and potentially rationally) inattentive, swift and substantial
        nominal deposit rate declines may trigger deposit outflows.
      • relative deposit rate = deposit rate - short term rate
        The inverse of the wedge, the relative deposit rate will allow us to see more clearly how
        the deposit rate evolves in comparison to the short-term rate.
      • This then translates to (more
        pronounced) effects on the transmission of policy to the deposit wedge, reinforcing the asymmetry discussed before.
      • More concentration would mean more rigid deposit rates (and thus an
        increase in the deposit wedge) in case of positive surprises, and more flexible deposit rates (and
        thus a decrease in the deposit wedge) in case of negative surprises (see also e.g.
      • I add an identical
        altered-linex adjustment cost for deposit rates, to capture the upward rigidity and downward
        flexibility of deposit rates as well.
      • As discussed
        previously, the deposit rate is particularly rigid in case of a positive shock, illustrating the dividend smoothing motive and bank market power.
      • Without the asymmetric adjustment cost,
        the response of the deposit rates to positive and negative changes in policy would have been
        symmetric.
      • This appears a reasonable assumption
        in general, as market concentration or market shares are slow-moving concepts.
      • 3

        Methods and data

        I study the dynamic response to an unexpected change in monetary policy on deposit rates
        in different countries in the euro area.

      • deposit rate - short-term rate), which for the sake of
        brevity I will refer to as the ?relative deposit rate?.
      • Positive IRFs for the relative deposit rate imply that
        the deposit rate has increased by more than the short-term rate, narrowing the wedge between
        the short-term rate and the deposit rate.
      • 0
        ?2

        ?2
        ?4
        ?6

        ?4
        4

        8

        12

        4

        Months

        8

        12

        Months

        Figure 9: NFC rate response - linear combination of ?0 and ?1

        Relative deposit rate at 1 month

        Relative deposit rate at 4 months

        0.0

        0
        ?1

        p.p.

      • 0
        0

        ?2
        ?1
        ?4
        4

        8

        12

        4

        8

        Months

        12

        Months

        Figure 12: NFC rate response - linear combination of ?0 and ?1

        Relative deposit rate at 1 month

        Relative deposit rate at 4 months
        2.0

        1.5

        p.p.

      • And, (2) how quickly
        households and NFCs learn about changes in monetary policy, via the deposit rate, may vary
        across the monetary union.
      • ?0 , ?1 )
        Figure A16: NFC overnight deposits, small member states

        Relative deposit rate (average)

        Relative deposit rate (interaction)

        2

        10
        5

        p.p.

      • ?0 , ?1 )
        Figure A19: NFC overnight deposits, four lags

        Relative deposit rate (average)

        Relative deposit rate (interaction)
        5

        0

        p.p.

      • ?0 , ?1 )
        Figure A28: NFC overnight deposits, small member states

        Relative deposit rate (average)

        Relative deposit rate (interaction)

        3

        5.0

        2

        2.5

        p.p.

      • ?0 , ?1 )
        Figure A31: NFC overnight deposits, four lags

        Relative deposit rate (average)

        Relative deposit rate (interaction)

        3
        2

        p.p.

    Perella Weinberg to Announce Full Year and Fourth Quarter 2023 Financial Results and to Host Conference Call on February 8, 2024

    Retrieved on: 
    Thursday, January 25, 2024
    Perella Weinberg Partners, International, PWP, Domestic

    NEW YORK, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (“PWP”) (NASDAQ:PWP), a leading global independent advisory firm, today announced that it plans to release its financial results for the full year and fourth quarter 2023 on Thursday, February 8, 2024, before the market opens.

    Key Points: 
    • NEW YORK, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (“PWP”) (NASDAQ:PWP), a leading global independent advisory firm, today announced that it plans to release its financial results for the full year and fourth quarter 2023 on Thursday, February 8, 2024, before the market opens.
    • Management will host a conference call and webcast to review PWP’s results on the same day at 9:00AM ET.
    • A webcast of the conference call will be available to the public on a listen-only basis and can be accessed through the Investors section of PWP's website at https://investors.pwpartners.com .
    • The replay can also be accessed on the Investors section of PWP's website at https://investors.pwpartners.com .

    UNIFI, Makers of REPREVE®, Schedules Second Quarter Fiscal 2024 Earnings Conference Call

    Retrieved on: 
    Wednesday, January 24, 2024
    Sustainability, Textiles, Environment, Manufacturing, UFI, Unifi, International, UV, Eastern Time Zone, Domestic

    Unifi, Inc. (NYSE: UFI), (together with its consolidated subsidiaries, “UNIFI”), makers of REPREVE and one of the world’s leading innovators in recycled and synthetic yarns, will host a conference call at 8:30 a.m., Eastern Time, on Thursday, February 1, 2024, to discuss its second quarter fiscal 2024 financial results.

    Key Points: 
    • Unifi, Inc. (NYSE: UFI), (together with its consolidated subsidiaries, “UNIFI”), makers of REPREVE and one of the world’s leading innovators in recycled and synthetic yarns, will host a conference call at 8:30 a.m., Eastern Time, on Thursday, February 1, 2024, to discuss its second quarter fiscal 2024 financial results.
    • The second quarter fiscal 2024 financial results and supporting materials will be available after the close of market trading on Wednesday, January 31, 2024 on the Company’s website at http://investor.unifi.com .
    • The conference call can be accessed approximately 10 minutes prior to the beginning of the call by dialing (800) 715-9871 (Domestic) or (646) 307-1963 (International) and, when prompted, providing conference ID number 5079644.
    • There will also be a live audio webcast of the call, which can be accessed on the Company’s website at http://investor.unifi.com .

    MAA Announces Date of Fourth Quarter and Full-Year 2023 Earnings Release, Conference Call

    Retrieved on: 
    Thursday, January 18, 2024
    International, Conference, MAA, Domestic, Central Time

    GERMANTOWN, Tenn., Jan. 18, 2024 /PRNewswire/ -- MAA (NYSE: MAA) announced today that the Company expects to release its fourth quarter and full-year 2023 results on Wednesday, February 7, 2024, after market close and will hold a conference call on Thursday, February 8, 2024, at 9:00 a.m. Central Time.

    Key Points: 
    • GERMANTOWN, Tenn., Jan. 18, 2024 /PRNewswire/ -- MAA (NYSE: MAA) announced today that the Company expects to release its fourth quarter and full-year 2023 results on Wednesday, February 7, 2024, after market close and will hold a conference call on Thursday, February 8, 2024, at 9:00 a.m. Central Time.
    • During the conference call, company officers will review fourth quarter and full-year performance and conduct a question-and-answer session.
    • The conference call-in number is (800) 343-4849 (Domestic) or +1 (203) 518-9856 (International).
    • The Conference ID is MAA.