Earnings

PKF O'Connor Davies Named 'Accounting/Due Diligence Firm of the Year' by 22nd Annual M&A Advisor Awards

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星期二, 十二月 5, 2023

NEW YORK, Dec. 5, 2023 /PRNewswire-PRWeb/ -- PKF O'Connor Davies, one of the nation's largest accounting, tax and advisory practices, is proud to announce it has been named the "Accounting/Due Diligence Firm of the Year" by the 22nd Annual M&A Advisor Awards. This is the second consecutive year PKF O'Connor Davies' M&A service offerings have received top honors from the annual awards program organized by The M&A Advisor. The program recognizes the leading transactions, firms and individuals that represent the highest levels of achievement in the mergers and acquisitions industry.

Key Points: 
  • NEW YORK, Dec. 5, 2023 /PRNewswire-PRWeb/ -- PKF O'Connor Davies, one of the nation's largest accounting, tax and advisory practices, is proud to announce it has been named the "Accounting/Due Diligence Firm of the Year" by the 22nd Annual M&A Advisor Awards.
  • This is the second consecutive year PKF O'Connor Davies' M&A service offerings have received top honors from the annual awards program organized by The M&A Advisor.
  • PKF O'Connor Davies' Transaction Advisory Services practice has provided industry-leading M&A support to hundreds of clients across a broad spectrum of industries.
  • The M&A Advisor Awards are some of the oldest, most-established and prestigious awards in the M&A industry.

Smith + Howard Announces the Elevation of Caleb Lloyd to its Partner Group

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星期四, 十一月 9, 2023

ATLANTA, Nov. 9, 2023 /PRNewswire-PRWeb/ -- Smith + Howard announced the elevation of Caleb Lloyd to its partner group, effective November 1, 2023.

Key Points: 
  • Smith + Howard announced the elevation of Caleb Lloyd to its partner group, effective November 1, 2023.
  • ATLANTA, Nov. 9, 2023 /PRNewswire-PRWeb/ -- Smith + Howard announced the elevation of Caleb Lloyd to its partner group, effective November 1, 2023.
  • His ability to guide businesses through every step of the financial due diligence process has allowed Smith + Howard to grow its due diligence team and partner with businesses nationwide."
  • We are very excited to have him join the partner group and are proud to recognize him in this way," said Sean C. Taylor, CEO of Smith + Howard.

Bird Construction Inc. Announces Stronger Than Expected 2023 Third Quarter Financial Results

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星期二, 十一月 7, 2023

Bird maintains a strong liquidity position at September 30, 2023, recording positive operating cashflows for the quarter while continuing to fund the working capital required to support the significant growth in the Company's work program.

Key Points: 
  • Bird maintains a strong liquidity position at September 30, 2023, recording positive operating cashflows for the quarter while continuing to fund the working capital required to support the significant growth in the Company's work program.
  • At the end of the third quarter, Bird had $104.1 million of cash and cash equivalents and an additional $157.0 million available under the Company's Syndicated Credit Facility.
  • Bird will host an investor webcast to discuss the quarterly results on Wednesday, November 8, 2023 at 10:00 a.m.
  • These include non-GAAP financial measures, non-GAAP financial ratios, and supplementary financial measures.

Intermex Reports Third Quarter Results

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星期二, 十一月 7, 2023

MIAMI, Nov. 07, 2023 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI) (“Intermex” or the “Company”), one of the nation’s leading omnichannel money transfer services to Latin America, today reported strong operating results for the third quarter of 2023.

Key Points: 
  • ET
    MIAMI, Nov. 07, 2023 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI) (“Intermex” or the “Company”), one of the nation’s leading omnichannel money transfer services to Latin America, today reported strong operating results for the third quarter of 2023.
  • Bob Lisy, Chairman, President, and CEO of Intermex, stated, “We are proud to beat market consensus for Revenue and deliver another strong quarter of growth.
  • Net income and diluted EPS are highly impacted by a $2.9 million tax benefit in the third quarter of 2022 that did not recur in the third quarter of 2023.
  • Adjusted diluted earnings per share totaled $1.39, an increase of 3.0%, attributable to the same items noted above for the quarterly results.

ATSG Reports Third Quarter 2023 Results

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星期一, 十一月 6, 2023

Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Air Transport Services Group, Inc. (Nasdaq: ATSG), the leading provider of medium wide-body aircraft leasing, contracted air transportation, and related services, today reported consolidated financial results for the third quarter ended September 30, 2023.
  • However, both macro and operational pressures throughout the latter part of the quarter materially affected our results.
  • Pre-tax earnings were $12 million in the third quarter, down 51% versus the prior-year quarter.
  • ATSG is updating its full-year 2023 guidance as follows:

ADTRAN Holdings, Inc. Reports Third Quarter 2023 Financial Results and Announces Business Efficiency Program

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星期二, 十一月 7, 2023

ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) (“ADTRAN Holdings” or the “Company”) today announced its financial results for the third quarter of 2023.

Key Points: 
  • ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) (“ADTRAN Holdings” or the “Company”) today announced its financial results for the third quarter of 2023.
  • Sequentially, the Company reduced GAAP operating expenses by 8% from $137.2 million in the second quarter 2023 to $125.7 million in the third quarter 2023.
  • The Company reduced non-GAAP operating expenses by 6.3% from $122.7 million in the second quarter 2023 to $114.9 million in the third quarter 2023.
  • GAAP net loss attributable to the Company for the third quarter of 2023 was $72.7 million.

Oportun Reports Third Quarter 2023 Financial Results

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星期一, 十一月 6, 2023

SAN CARLOS, Calif., Nov. 06, 2023 (GLOBE NEWSWIRE) -- Oportun Financial Corporation (Nasdaq: OPRT) (“Oportun”, or the "Company") today reported financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Originations – Aggregate Originations for the third quarter were $483 million, a decrease of 24% as compared to $634 million in the prior-year quarter.
  • Revenue – Total revenue for the third quarter was $268 million, an increase of 7% as compared to $250 million in the prior-year quarter.
  • Net revenue for the third quarter was $85 million, a decrease of 42% as compared to net revenue of $147 million in the prior-year quarter.
  • Oportun is providing the following guidance for 4Q 2023 and full year 2023 as follows:

Compass Diversified Reports Third Quarter 2023 Financial Results

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星期四, 十一月 2, 2023

“Our third quarter results were remarkably strong, driven by Lugano’s continued outperformance and the majority of our companies performing above expectations,” said Elias Sabo, CEO of Compass Diversified.

Key Points: 
  • “Our third quarter results were remarkably strong, driven by Lugano’s continued outperformance and the majority of our companies performing above expectations,” said Elias Sabo, CEO of Compass Diversified.
  • Paid a third quarter 2023 cash distribution of $0.25 per share on CODI's common shares in October 2023.
  • On July 5, 2023, CODI announced that Mr. C. Sean Day retired from the Board of Directors (the “Board”) of Compass Group Diversified Holdings LLC, effective June 30, 2023.
  • Operating income for the third quarter of 2023 was $28.4 million compared to $43.8 million in the third quarter of 2022.

Nathan's Famous, Inc. Reports Second Quarter Results

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星期四, 十一月 2, 2023

JERICHO, N.Y., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Nathan's Famous, Inc. (“Nathan’s”, the “Company”, “we”, “us” or “our”) (NASDAQ:NATH) today reported results for its second fiscal quarter ended September 24, 2023.

Key Points: 
  • JERICHO, N.Y., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Nathan's Famous, Inc. (“Nathan’s”, the “Company”, “we”, “us” or “our”) (NASDAQ:NATH) today reported results for its second fiscal quarter ended September 24, 2023.
  • Sales from Company-owned restaurants were $8,851,000 during the fiscal 2024 period as compared to $8,994,000 during the twenty-six weeks ended September 25, 2022.
  • Total royalties were $2,128,000 during the fiscal 2024 period as compared to $1,956,000 during the twenty-six weeks ended September 25, 2022.
  • Analysis of results and outlook on a non-US GAAP basis should be used as a complement to, and in conjunction with, data presented in accordance with US GAAP.

Applebee’s® Honors Veterans & Active Duty Military with Free Meals on Veterans Day

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星期三, 十一月 1, 2023

“Veterans Day is the busiest day of the year in our restaurants.

Key Points: 
  • “Veterans Day is the busiest day of the year in our restaurants.
  • When you walk through the doors of an Applebee's on Veterans Day, you can feel the neighborhood coming together.
  • **
    Complimentary meals from the Veterans Day menu will be available for dine-in at more than 1,500 Applebee's locations nationwide .
  • U.S. Veterans and Active Duty Military simply show proof of military service.