Generally Accepted Accounting Principles (United States)

ScanSource Reports First Quarter Results

Retrieved on: 
Thursday, November 9, 2023
Data Management, Mobile, Wireless, Other Technology, Technology, Software, Adjustment, Risk, Generally Accepted Accounting Principles (United States), Public expenditure, EBITDA, GAAP, Acquisition, EPS, Annual report, Webcast, Form 10-K, Depreciation, Forecasting, Failure, Bookkeeping, Bank

ScanSource will present additional information about its financial results and business in a conference call today, November 9, 2023, at 10:30 a.m.

Key Points: 
  • ScanSource will present additional information about its financial results and business in a conference call today, November 9, 2023, at 10:30 a.m.
  • Non-GAAP results exclude amortization of intangible assets related to acquisitions, change in fair value of contingent consideration, acquisition costs, restructuring costs and other non-GAAP adjustments.
  • Non-GAAP metrics are useful in assessing and understanding the Company's operating performance, especially when comparing results with previous periods or forecasting performance for future periods.
  • These non-GAAP financial measures have limitations as analytical tools, and the non-GAAP financial measures that the Company reports may not be comparable to similarly titled amounts reported by other companies.

Global Partners Reports Third-Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 9, 2023
Professional Services, Insurance, Finance, Atlantic Coast, DCF, Partner, DC, EV, NYSE, Tax, Rain, Gasoline, EBITDA, News, GAAP, Acquisition, Generally Accepted Accounting Principles (United States), Growth, Motiva, Depreciation, Oil, Motiva Enterprises, Global Partners, Propane, Video game, Beauty salon, Natural gas, Q3

Global Partners LP (NYSE: GLP) (“Global” or the “Partnership”) today reported financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Global Partners LP (NYSE: GLP) (“Global” or the “Partnership”) today reported financial results for the third quarter ended September 30, 2023.
  • Global has agreed to purchase the terminals, which have a shell capacity of 8.4 million barrels, for $305.8 million in cash.
  • Distributable cash flow (DCF) was $42.2 million in the third quarter of 2023 compared with $128.0 million in 2022.
  • The distribution will be paid on November 14, 2023 to unitholders of record as of the close of business on November 8, 2023.

EVERI REPORTS THIRD QUARTER 2023 RESULTS

Retrieved on: 
Wednesday, November 8, 2023
Adjustment, Insurance, Contact, Sale, PIN, Regulatory technology, Tax, Loyalty, Generally Accepted Accounting Principles (United States), Public expenditure, Fintech, EST, Video lottery terminal, EBITDA, Share repurchase, GAAP, Acquisition, Research, Software, Growth, PST, EPS, Selection, Depreciation, Forecasting, Bank, Bookkeeping, Video game, Pharmaceutical industry, Cryptocurrency, Cash

Approximately 76% and 69% of software and other revenues were of a recurring nature in the 2023 and 2022 third quarter periods, respectively.

Key Points: 
  • Approximately 76% and 69% of software and other revenues were of a recurring nature in the 2023 and 2022 third quarter periods, respectively.
  • Total debt decreased to $986.5 million at September 30, 2023, from $992.5 million as of December 31, 2022, as the Company paid $6.0 million on its secured term loan during the 2023 first quarter.
  • Cash paid for interest, net of interest income, was $23.6 million in the 2023 third quarter compared with $18.8 million in the year-ago period.
  • The Company will host an investor conference call to discuss its 2023 third quarter results at 11:00 a.m. EST (8:00 a.m. PST) today.

MGE Energy Reports Third-Quarter 2023 Earnings

Retrieved on: 
Thursday, November 2, 2023
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, MISO, ATC, MGE Energy, Weather, Investment, GAAP, MGE, Depreciation, Generally Accepted Accounting Principles (United States), Cryptocurrency, Video game, Renewable energy

MGE Energy, Inc. (Nasdaq: MGEE), today reported financial results for the third quarter of 2023.

Key Points: 
  • MGE Energy, Inc. (Nasdaq: MGEE), today reported financial results for the third quarter of 2023.
  • MGE Energy's GAAP (Generally Accepted Accounting Principles) earnings for the third quarter of 2023 were $37.9 million, or $1.05 per share, compared to $33.7 million, or $0.93 per share, for the same period in the prior year.
  • An increase in electric investments included in rate base contributed to increased electric earnings for the third quarter of 2023.
  • The timing of depreciation expense also contributed to higher electric earnings in the third quarter of 2023.

ALLETE, Inc. reports third quarter earnings of $1.49 per share; raises full-year 2023 earnings guidance to a range of $4.30 to $4.40 per share reflecting increased earnings from ALLETE Clean Energy

Retrieved on: 
Thursday, November 2, 2023
Energy, Other Energy, Utilities, Sale, Security (finance), NYSE, Morris, U.S. Department of Energy, Office of Inspector General, Generally Accepted Accounting Principles (United States), EST, Seoul Sustainable Energy Action Plan, Corporation, GAAP, Wind, Time management, Bank statement, Interest, Power, Solar power in Wisconsin, Webcast, U.S. Department of Defense Strategy for Operating in Cyberspace, Investment, Light, Video game, Renewable energy, Bank, MD

ALLETE, Inc. (NYSE: ALE) today reported third quarter 2023 earnings of $1.49 per share on net income of $85.9 million.

Key Points: 
  • ALLETE, Inc. (NYSE: ALE) today reported third quarter 2023 earnings of $1.49 per share on net income of $85.9 million.
  • Last year’s third quarter results were 59 cents per share on net income of $33.7 million.
  • “Our regulated operations results were lower in the quarter, reflecting timing of interim rate reserves in 2023 compared to 2022.
  • Third quarter net income in 2023 reflects increased income tax expense, partially offset by earnings from Minnesota solar projects.

Cummins Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, November 2, 2023
Vehicle Technology, EV, Electric Vehicles, Machinery, Batteries, Alternative Vehicles, Fuels, General Automotive, Technology, Automotive, Other Manufacturing, Engineering, Automotive Manufacturing, Manufacturing, PACCAR, NYSE, Tax, Generally Accepted Accounting Principles (United States), CMI, Primearth EV Energy, Clean Energy Ministerial, EBITDA, Minister of Employment, Workforce Development and Disability Inclusion, Acquisition, Cell, Freightliner, Growth, Inc., Cascadia, Kilowatt-hour, Depreciation, Employment, Total, Investment, Natural gas, Video game, Bank, Renewable energy, Airline, Woman, Meritor

Cummins Inc. (NYSE: CMI) today reported results for the third quarter of 2023.

Key Points: 
  • Cummins Inc. (NYSE: CMI) today reported results for the third quarter of 2023.
  • Third quarter revenues of $8.4 billion increased 15 percent from the same quarter in 2022.
  • Results included costs associated with the separation of Atmus of $26 million, or $0.14 per diluted share, in the third quarter of 2023, and $16 million in the third quarter of 2022.
  • During the third quarter, Freightliner announced they are partnering with Cummins to offer the new Cummins X15N natural gas engine in its heavy-duty Freightliner Cascadia trucks.

Qualys Announces Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 2, 2023
Ratio, TRU, ESG, Generally Accepted Accounting Principles (United States), EBITDA, GAAP, Research, Pwnie Awards, Social, Growth, Notice, RenderDoc, Social Security Government Pension Offset, Bank, Cryptocurrency, Video game, Risk management, Security (finance), Q3

FOSTER CITY, Calif., Nov. 2, 2023 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security and compliance solutions, today announced financial results for the third quarter ended September 30, 2023. For the quarter, the Company reported revenues of $142.0 million, net income under United States Generally Accepted Accounting Principles ("GAAP") of $46.5 million, non-GAAP net income of $56.7 million, Adjusted EBITDA of $68.8 million, GAAP net income per diluted share of $1.24, and non-GAAP net income per diluted share of $1.51.

Key Points: 
  • FOSTER CITY, Calif., Nov. 2, 2023 /PRNewswire/ -- Qualys, Inc. (NASDAQ: QLYS), a pioneer and leading provider of disruptive cloud-based IT, security and compliance solutions, today announced financial results for the third quarter ended September 30, 2023.
  • Non-GAAP gross margin was 83% for the third quarter of 2023 compared to 81% for the same quarter in 2022.
  • Based on information as of today, November 2, 2023, Qualys is issuing the following financial guidance for the fourth quarter and full year fiscal 2023.
  • Qualys will host a conference call and live webcast to discuss its third quarter financial results at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) on Thursday, November 2, 2023.

Daqo New Energy Announces Unaudited Third Quarter 2023 Results

Retrieved on: 
Monday, October 30, 2023
Research, RMB, Tax, Generally Accepted Accounting Principles (United States), Daqo New Energy, Public expenditure, American depositary receipt, N, ASP, GAAP, Harbor, Maintenance, R, Bank statement, US GAAP, Growth, ADS, Share repurchase, Depreciation, Forecasting, Climate change, Table, Ministry of New and Renewable Energy, Acceleration, Bank, Security (finance), Cryptocurrency, Renewable energy, Video game, Holding company, Airline, Internet service provider, EBITDA, Q3

Revenues were $484.8 million, compared to $636.7 million in the second quarter of 2023 and $1,219.7 million in the third quarter of 2022.

Key Points: 
  • Revenues were $484.8 million, compared to $636.7 million in the second quarter of 2023 and $1,219.7 million in the third quarter of 2022.
  • Gross margin was 14.0%, compared to 40.7% in the second quarter of 2023 and 80.2% in the third quarter of 2022.
  • Operating margin was 4.6%, compared to 33.6% in the second quarter of 2023 and 56.8% in the third quarter of 2022.
  • EBITDA margin (non-GAAP) was 14.5%, compared to 36.1% in the second quarter of 2023 and 59.0% in the third quarter of 2022.

Banner Corporation Reports Net Income of $45.9 Million, or $1.33 Per Diluted Share, for Third Quarter 2023; Declares Quarterly Cash Dividend of $0.48 Per Share

Retrieved on: 
Wednesday, October 18, 2023
Sale, PDT, Federal Reserve, Net, Federal Open Market Committee, Generally Accepted Accounting Principles (United States), Federal, Insurance, Environment, Interest, Common, Risk, Partnership, FHLB, File, Banner Bank, Metropolitan statistical area, Total, Investment, Subordination, Commerce, Video game, Holding company, Bank, Coal, Clothing, Cryptocurrency, Rare-earth element, Real estate, Life insurance, Banner

Net interest income was $141.8 million in the third quarter of 2023, compared to $142.5 million in the preceding quarter and $146.4 million in the third quarter a year ago.

Key Points: 
  • Net interest income was $141.8 million in the third quarter of 2023, compared to $142.5 million in the preceding quarter and $146.4 million in the third quarter a year ago.
  • Net income was $141.0 million, or $4.09 per diluted share, for both the nine months ended September 30, 2023 and 2022.
  • Banner announced that its Board of Directors declared a regular quarterly cash dividend of $0.48 per share.
  • Return on average assets was 1.17%, compared to 1.02% in the preceding quarter and 1.18% in the third quarter a year ago.

NextGen Healthcare Reports Fiscal 2024 Second Quarter Results

Retrieved on: 
Tuesday, October 24, 2023
Other Health, Health, Technology, Health Technology, Software, Depreciation, Insurance, EBITDA, NextGen Healthcare, News, GAAP, Acquisition, Regulate... G Funk Era, Generally Accepted Accounting Principles (United States), Bank

NextGen Healthcare, Inc. (Nasdaq: NXGN), a leading provider of innovative, cloud-based healthcare technology solutions, today announced its operating results for the fiscal second quarter ending September 30, 2023.

Key Points: 
  • NextGen Healthcare, Inc. (Nasdaq: NXGN), a leading provider of innovative, cloud-based healthcare technology solutions, today announced its operating results for the fiscal second quarter ending September 30, 2023.
  • “The team produced solid financial and operational results this quarter as we look forward to the next chapter in the company’s history,” said David Sides, president and chief executive officer of NextGen Healthcare.
  • Other companies may calculate non-GAAP measures differently than NextGen Healthcare, Inc., which limits comparability between companies.
  • The normalized non-GAAP tax rate expected to be applied to each quarter of fiscal year 2024 is 21.0%.