EPS

Astec Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023
Adjustment, Engineering Council of India, Conference, Judgement, Bank statement, EPS, Plant, Investment, Video game, Arms industry, Retail, Cryptocurrency, Bank

CHATTANOOGA, Tenn., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (Nasdaq: ASTE) announced today its financial results for the third quarter of 2023.

Key Points: 
  • Sales reported by our foreign subsidiaries in U.S. dollars for the third quarter of 2023 would have been $1.1 million higher had third quarter 2023 foreign exchange rates been the same as third quarter 2022 rates.
  • Astec will conduct a conference call and live webcast today, November 1, 2023, at 8:30 A.M. Eastern Time, to review its third quarter financial results as well as current business conditions.
  • To access the call, dial (888) 440-4118 on Wednesday, November 1, 2023 at least 10 minutes prior to the scheduled time for the call.
  • A replay of the call can be accessed until November 15, 2023 by dialing (800) 770-2030, or (647) 362-9199 for international callers, Conference ID# 8741406.

TTM Technologies, Inc. Reports Fiscal Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023
PIN, RF, EBITDA, GAAP, Data, EPS, Webcast, TTM, Reinsurance, Video game, Bank

On a non-GAAP basis, net income for the third quarter of 2023 was $44.9 million, or $0.43 per diluted share.

Key Points: 
  • On a non-GAAP basis, net income for the third quarter of 2023 was $44.9 million, or $0.43 per diluted share.
  • TTM will host a conference call and webcast to discuss third quarter 2023 results and the fourth quarter 2023 outlook on Wednesday, November 1st, 2023, at 10:00 a.m. Eastern Time (7:00 a.m. Pacific Time).
  • Access to the conference call is available by clicking on the registration link TTM Technologies, Inc. third quarter fiscal year 2023 conference call .
  • The replay of the webcast will remain accessible for one week following the live event on TTM’s website at TTM Technologies, Inc. third quarter fiscal year 2023 webcast .

Sonoco Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, October 31, 2023
Adjustment, Sale, EDT, PIN, Regulation, Item, Telephone, GAAP, Acquisition, EPS, Webcast, Capital expenditure, Bookkeeping, Cryptocurrency, Risk management

Cash and cash equivalents were $258 million as of October 1, 2023, compared to $227 million as of December 31, 2022.

Key Points: 
  • Cash and cash equivalents were $258 million as of October 1, 2023, compared to $227 million as of December 31, 2022.
  • Total debt was $3,255 million as of October 1, 2023, an increase of $33 million from December 31, 2022.
  • We are raising full year Adjusted EPS and Adjusted Earnings guidance based on year-to-date results and our fourth quarter guidance.
  • Management will host a conference call and webcast to further discuss these results beginning at 8:30 am EDT, Wednesday, November 1, 2023.

HAGENS BERMAN Encourages Clorox Company (CLX) Investors with Substantial Losses and Persons with Knowledge of When Cybersecurity Attack Occurred to Contact its Attorneys, Firm Investigating Possible Securities Law Violations

Retrieved on: 
Tuesday, October 31, 2023
Knowledge, Person, NYSE, DLocal, EPS, CLX, Information technology, Hagens Berman, SAN, Risk management, Pharmaceutical industry, Life insurance, Clorox

SAN FRANCISCO, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Hagens Berman encourages The Clorox Company (NYSE: CLX) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Hagens Berman encourages The Clorox Company (NYSE: CLX) investors who suffered substantial losses to submit your losses now .
  • The firm also urges persons with knowledge who may be able to assist the firm in its investigation to contact its attorneys.
  • The investigation focuses on the propriety of Clorox’s statements concerning financial and operational risks to its business posed by possible cybersecurity attacks.
  • More specifically, on Aug. 14, 2023, Clorox disclosed that it identified unauthorized activity on some of its Information Technology (“IT”) systems and that it began taking remediation steps.

Meritage Homes reports third quarter 2023 results with a 50% year-over-year increase in sales orders driven by accelerated cycle times and move-in ready inventory

Retrieved on: 
Tuesday, October 31, 2023
Internal Revenue Code, SG, Environment, IRA, Sale, ASP, Meritage Homes Corporation, Absorption, EPS, Inflation, Acquisition, Note, Video game, Bank, Lease, Life insurance, Cryptocurrency, SG&A

"Buoyed by our financing incentives including rate locks and buy-downs, our sales orders of 3,474 homes this quarter increased 50% year-over-year,” Mr. Lord continued.

Key Points: 
  • "Buoyed by our financing incentives including rate locks and buy-downs, our sales orders of 3,474 homes this quarter increased 50% year-over-year,” Mr. Lord continued.
  • "Third quarter 2023 average community count of 282 was 3% below prior year and down 1% sequentially compared to the second quarter of 2023, as our accelerated orders pace resulted in some early community close outs.
  • Average sales price ("ASP") on orders in the third quarter of 2023 of $430,000 was up 2% from the third quarter of 2022 due to geographic mix.
  • The lower rate for 2023 reflected the increased per-home energy efficiency credit amount starting in 2023.

Westwood Holdings Group, Inc. Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, October 31, 2023
Salient Partners, Insurance, Policy, NYSE, GAAP, Acquisition, AUM, Environment, EPS, Key, Table, Investment, Video game, Bank, Platinum

DALLAS, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE: WHG) today reported third quarter 2023 earnings. Significant items included:

Key Points: 
  • DALLAS, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE: WHG) today reported third quarter 2023 earnings.
  • Non-GAAP Economic Earnings of $6.3 million compared with the second quarter's $5.7 million and $0.8 million in the third quarter of 2022.
  • Westwood held $48.5 million in cash and short-term investments as of September 30, 2023, up $10.4 million from the second quarter.
  • Westwood will host a conference call to discuss third quarter 2023 results and other business matters at 4:30 p.m. Eastern time today.

LGI Homes Reports Third Quarter 2023 Results and Updates Full Year 2023 Guidance

Retrieved on: 
Tuesday, October 31, 2023
Housing, Face, GAAP, EPS, Webcast, LGI Homes, Clothing, Aquaculture, Video game

THE WOODLANDS, Texas, Oct. 31, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced financial results for the third quarter and nine months ended September 30, 2023.

Key Points: 
  • THE WOODLANDS, Texas, Oct. 31, 2023 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced financial results for the third quarter and nine months ended September 30, 2023.
  • “Along with double-digit, year-over-year growth in closings, revenue and community count, we made significant progress on our profitability objectives.
  • In the third quarter, we delivered gross margins of 25.7% and adjusted gross margins of 27.2%.
  • The 340 basis point sequential improvement in our adjusted gross margins outperformed the 150 basis point guidance we provided last quarter.

Hubbell Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, October 31, 2023
Adjustment, Hubbell Incorporated, NYSE, Control, EBITDA, Acquisition, Hubbell, Growth, EPS, Telcom, SKU, Security (finance), Real estate, Insurance

Mr. Bakker concluded, “Our third quarter performance reflects continued execution off of a strong first half in 2023.

Key Points: 
  • Mr. Bakker concluded, “Our third quarter performance reflects continued execution off of a strong first half in 2023.
  • The comments and year-over-year comparisons in this segment review are based on third quarter results in 2023 and 2022.
  • Utility Solutions segment net sales in the third quarter of 2023 increased 8% to $838 million compared to $775 million reported in the third quarter of 2022.
  • Hubbell will conduct an earnings conference call to discuss its third quarter 2023 financial results today, October 31, 2023 at 10:00 a.m.

IPG Photonics Announces Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, October 31, 2023
IPG, Sale, Policy, Government, IPG Photonics, Public expenditure, News, Harbor, Laser, Printing, CW, Growth, EPS, COVID-19, Vehicle registration plates of Nepal, Welding, Investment, Video game, EV

MARLBOROUGH, Mass., Oct. 31, 2023 (GLOBE NEWSWIRE) --   IPG Photonics Corporation (NASDAQ: IPGP) today reported financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Our medical sales also increased following an inventory adjustment by a large customer in the prior quarter," said Dr. Eugene Scherbakov, IPG Photonics' Chief Executive Officer.
  • Foreign exchange transaction gains increased operating income by $0.4 million and earnings per share by $0.01 in the third quarter.
  • During the third quarter, IPG generated $86 million in cash from operations and spent $26 million on capital expenditures and $46 million on share repurchases.
  • For the fourth quarter of 2023, IPG expects revenue of $270 million to $300 million.

Dorman Products, Inc. Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, October 31, 2023
Dorman, Growth, EPS, Acquisition, Dorman Products, SuperATV, Pharmaceutical industry, Bank, Video game

COLMAR, Pa., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ: DORM), a leading supplier in the motor vehicle aftermarket industry, today announced its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • The Company reported third quarter 2023 net sales of $488.2 million, up 18% compared to net sales of $413.5 million in the third quarter of 2022.
  • Gross profit was $183.2 million in the third quarter of 2023, or 37.5% of net sales, compared to $131.9 million, or 31.9% of net sales, for the same quarter last year.
  • Adjusted gross margin* was 37.5% in the third quarter of 2023 compared to 32.0% in the same quarter last year.
  • Net interest expense was $12.2 million for the third quarter of 2023 compared to $2.3 million for the same quarter last year.