On the latest episode of the Yahoo Fantasy Football Forecast, Dalton Del Don and Matt Harmon take a deep dive into the struggles of two highly regarded rookie running backs.
On the latest episode of the Yahoo Fantasy Football Forecast, Dalton Del Don and Matt Harmon take a deep dive into the struggles of two highly regarded rookie running backs.
Identity theft is on the rise during the worldwide pandemic, and this deal from LastPass is an easy way to protect yourself.
Cohen & Steers, Inc. (NYSE: CNS), a leading real assets specialty manager, announced today that Thomas Bohjalian, Executive Vice President and Head of U.S. Real Estate, will retire effective June 30, 2021, after nearly two decades with the firm. Tom Bohjalian will be succeeded as Head of U.S. Real Estate by Jason Yablon, Senior Vice President and Senior Portfolio Manager.
Russia is once again working to influence the outcome of the U.S. election. Will the effort be successful??
Normally, the presence of Group B Streptococcus (GBS) is nothing to worry about, but for pregnant women this Gram-positive bacterium can be deadly — if transferred to infants during labor. An accurate test is crucial since intrapartum antibiotics significantly reduce the spread of GBS from mom to baby.1
Investors Bancorp, Inc. (NASDAQ:ISBC) ("Company"), the holding company for Investors Bank ("Bank"), reported net income of $64.3 million, or $0.27 per diluted share, for the three months ended September 30, 2020 as compared to $42.6 million, or $0.18 per diluted share, for the three months ended June 30, 2020 and $52.0 million, or $0.20 per diluted share, for the three months ended September 30, 2019.
Got a computer that takes forever to respond to basic commands? It's either a matter of poor maintenance or a malicious program that you’re unaware of. Here's how to fix it.
Image source: The Motley Fool. Artisan Partners Asset Management Inc (NYSE: APAM)Q3 2020 Earnings CallOct 28, 2020, 1:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorHello, and thank you for standing by.
Image source: The Motley Fool. Central Pacific Financial Corp (NYSE: CPF)Q3 2020 Earnings CallOct 28, 2020, 1:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood afternoon, ladies and gentlemen, thank you for standing by.
Ladies and gentlemen, thank you for standing by and welcome to Community Health Systems' Third Quarter 2020 Earnings Conference Call. This conference call may contain certain forward-looking statements including all statements that do not relate solely to historical or current facts. As a consequence, actual results may differ significantly from those expressed in any forward-looking statements in today's discussion.
Ladies and gentlemen, thank you for standing by, and welcome to the Third Quarter 2020 Kadant Inc. Earnings Conference Call. With me on the call today is Jeff Powell, our President and Chief Executive Officer.
Actual events could cause our results to differ materially from these forward-looking statements for a number of reasons, including uncertainty related to the scope, severity and duration of the COVID-19 pandemic, the actions taken to contain the pandemic or mitigate its impact, and the direct and indirect economic impact -- effect of the pandemic and containment measures on us and on our tenants. Thank you Adam.
Seven years after the Monsterpocalypse, Joel Dawson (Dylan O’Brien), along with the rest of humanity, has been living underground ever since giant creatures took control of the land. After reconnecting over radio with his high school girlfriend Aimee (Jessica Henwick), who is now 80 miles away at a coastal colony, Joel begins to fall for her again. As Joel realizes that there’s nothing left for him underground, he decides against all logic to venture out to Aimee, despite all the dangerous monst
Management will provide a brief summary of the financial results, and then we will open up the call to questions from analysts. This group is having another banner year, generating record production volumes based on our strong client demand for our niche lending products, particularly in the area of municipal and tax credit finance.
CSV earnings call for the period ending September 30, 2020.
Good morning, and thank you for joining us for Trane Technologies' Third Quarter 2020 Earnings Conference Call. Before we move into the details of our third quarter results, I'd like to momentarily step back and provide broader perspective on the unprecedented level of change we've seen around the world, both in business and in our daily lives, and why this is particularly relevant for Trane Technologies.
Image source: The Motley Fool. Littelfuse Inc (NASDAQ: LFUS)Q3 2020 Earnings CallOct 28, 2020, 10:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day, everyone, and welcome to the Littelfuse Third Quarter 2020 Conference Call.
Kilroy Realty Corporation (NYSE: KRC) today reported financial results for its third quarter ended September 30, 2020.
Highlights of the Quarter and Full Year (unless otherwise noted, all financial amounts in this news release are expressed in U.S. dollars) * Company Achieves Net Profitability in the Quarter on Higher Sales and Gross Margins: IBC recorded income of $27,000 in the quarter ended June 30, 2020, or $0.00 per share, which compared to a loss of $1.5 million, or ($0.04), in the prior-year period. * Year-Over-Year Sales Higher Across Both Operating Divisions: Engineered Materials (“EM”) division sales rose by 79% in the quarter, and by 33% in the year, as compared to the comparable prior-year periods. Copper Alloys sales decreased by 20% in the quarter, primarily due to softer economic conditions related to the COVID-19 pandemic, but posted a 6% gain on a year-over-year (“YoY”) basis. * Working Capital Swings to Surplus from Deficit: IBC recorded a working capital surplus of $852,000 as at June 30, 2020, compared to a working capital deficit of $1.3 million at the close of fiscal year 2019. * Company Achieves Positive Adjusted EBITDA1 for the Year: Consolidated adjusted earnings before interest, taxes, depreciation, and amortization (“Adjusted EBITDA”) for the quarter was $455,000, which compared to Adjusted EBITDA of ($1.0 million) for the prior-year period. Adjusted EBITDA for the year ended June 30, 2020 was $1.4 million, as compared to ($1.9 million) in the prior year.FRANKLIN, Ind., Oct. 28, 2020 (GLOBE NEWSWIRE) -- IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB: IAALF) announces its financial results for the quarter and year ended June 30, 2020.Mark A. Smith, IBC CEO and Board Chairman, will host a conference call and webcast on Monday, November 2, 2020 at 12 p.m. Eastern to discuss the Company's results and its future growth strategies. Details on how to participate in this call / webcast are listed below.CONSOLIDATED RESULTSSELECTED RESULTS: Consolidated Operations ($000s) Quarter Ended 6-30-2020Quarter Ended 6-30-2019Fiscal Year Ended June 30, 2020Fiscal Year Ended June 30, 2019 Sales$5,056 $4,869 $21,148 $18,668 Operating Income (Loss)2$(133)$(1,297)$(769)$(3,082) Comprehensive Income (Loss)$27 $(1,549)$(1,122)$(4,043) Adjusted EBITDA$455 $(1,026)$1,361 $(1,905) In the quarter, the Company recorded income of $27,000, or $0.00 per share. Profitability was driven by higher revenue and stronger gross margins. Consolidated sales of $5.1 million in the quarter, and $21.1 million for the year, rose by 4% and 13% YoY, respectively.Comprehensive gross margin also strengthened, improving in the quarter to 9.7% from (7.1%) in the prior-year period, and rising to 14% for the year, from 5.0% the prior-year period.The Company recorded a comprehensive loss of $1.1 million for year, but this compared favorably to a loss of $4 million in the prior year.“IBC was showing marked improvements in performance, sales, and gross margins prior to the onset of the pandemic, and I am very proud of the significant operational and financial improvements that our team achieved in fiscal 2020 over the prior year,” said Mark A. Smith, IBC Board Chairman. “Reduced economic activity driven by the COVID pandemic has tempered the advances we were making, but the IBC team is now focused on building back our pre-COVID momentum and continuing our relentless efforts to improve sales volumes and gross margins while lowering our operating costs and increasing efficiencies across the enterprise.”ENGINEERED MATERIALS DIVISION RESULTSSELECTED RESULTS: Engineered Materials ($000s) Quarter Ended 6-30-2020Quarter Ended 6-30-2019 Fiscal Year Ended June 30, 2020Fiscal Year Ended June 30, 2019 Sales$2,081$1,160 $6,864$5,155 Operating Income (Loss)$403$(573)$488$(1,109) Comprehensive Income (Loss)$308$(567)$365$(1,118) Adjusted EBITDA$404$(445)$1,200$(638) IBC’s EM division, which produces aerospace-grade beryllium-aluminum (“BeAl”) alloy products, swung to profitability in fiscal year 2020 on higher sales and improved average gross margin.In the quarter, EM posted comprehensive income of $308,000, compared to a loss of $567,000 in the prior-year period, and comprehensive income for the year of $365,000, compared to a loss of $1.1 million in the prior year.EM sales in the quarter of $2.1 million were 79% higher than sales of $1.2 million in the prior-year period. Sales for the year of $6.9 million represented a 33% increase over $5.2 million in sales in the prior year. The division’s stronger sales performance was driven largely by increased demand for BeAl products in commercial markets.Average gross margin in the EM division advanced to 31.9% in the quarter, and to 24.5% in the year, reversing negative gross margins in both periods of the corresponding prior-year periods.Adjusted EBITDA for the EM division of $404,000 also swung to the positive in the quarter, as compared to Adjusted EBITDA of ($445,000) in the prior-year period. Likewise, Adjusted EBITDA rose to $1.2 million for the year, as compared to Adjusted EBITDA of ($638,000) in the prior year.COPPER ALLOYS DIVISION RESULTSSELECTED RESULTS: Copper Alloys ($000s) Quarter Ended 6-30-2020Quarter Ended 6-30-2019 Fiscal Year Ended June 30, 2020Fiscal Year Ended June 30, 2019 Sales$2,975 $3,709 $14,284 $13,513 Operating Income (Loss)$(413)$(511)$(363)$(924) Comprehensive Income (Loss)$(473)$(582)$(679)$(1,252) Adjusted EBITDA$278)$(372)$229 $(453) IBC’s Copper Alloys division posted a comprehensive loss of $473,000 in the quarter, which narrowed a loss of $582,000 in the prior-year period, and recorded a loss of $679,000 in the year ended June 30, 2020, which compared favorably to a loss of $1.3 million in the prior year.Sales of $3.0 million in the quarter were 20% lower than sales of $3.7 million in fiscal Q4 of 2019, while sales for fiscal year 2020 of $14.3 million were 6% higher than sales of $13.5 million in the prior year.Average gross margin in the Copper Alloys division declined to a negative 5.8% in the quarter, from a 1% gross margin in the prior-year period, driven by lower sales as a result of reduced economic activity from the COVID pandemic. However, for the year, average gross margin improved to 8.9% for the year, as compared to 7.8% in fiscal year 2019.Adjusted EBITDA for the division was ($278,000) in the quarter, which compared favorably to Adjusted EBITDA of ($372,000) in the prior-year period. For the year, Adjusted EBITDA swung to a positive $229,000 from ($453,000) in the prior year. CONFERENCE CALL AND WEBCASTThe Company will host a conference call and webcast on Monday, November 2, 2020 at 12 p.m. Eastern, featuring Mark A. Smith, IBC CEO and Board Chairman, to discuss the Company's results and its future growth strategies. To register for the webinar and conference call, and receive instructions on how to call in or connect via the internet to the webinar, please go here. To call into the webcast on the listen-only phone line, please call +1 (415) 930-5321, access code 277-456-484. A recording of the webcast will be made available on the IBC website following the event.NON-IFRS MEASURESTo supplement its consolidated financial statements, which are prepared and presented in accordance with IFRS, IBC uses “operating income (loss)” and “Adjusted EBITDA”, which are non-IFRS financial measures. IBC believes that operating income (loss) helps identify underlying trends in the business that could otherwise be distorted by the effect of certain income or expenses that the Company includes in loss for the period, and provides useful information about core operating results, enhances the overall understanding of past performance and future prospects, and allows for greater visibility with respect to key metrics used by management in financial and operational decision-making. The Company believes that Adjusted EBITDA is a useful indicator for cash flow generated by the business that is independent of IBC’s capital structure.Operating income (loss) and Adjusted EBITDA should not be considered in isolation or construed as an alternative to loss for the period or any other measure of performance or as an indicator of our operating performance. Operating income (loss) and Adjusted EBITDA presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to IBC’s data.Operating Income (Loss)Operating income (loss) represents loss for the period, excluding foreign exchange loss, interest expense, interest income, other income (expense) and income taxes that the Company does not believe are reflective of its core operating performance during the periods presented. A reconciliation of the fourth quarter loss and the year ended June 30, 2020 income (loss) to operating income follows:Quarter ended June 302020 2019 ($000s) ($000s) Income (loss) for the period27 (1,549) Foreign exchange (gain) loss299 55 Interest expense306 217 Loss on disposal of assets6 - Interest income- - Other income(784)(10) Income tax expense (recovery)13 (10) Operating income (loss)(133)(1,297) Year ended June 302020 2019 ($000s) ($000s) Loss for the period(1,122)(4,043) Foreign exchange (gain) loss11 49 Interest expense1,111 925 Loss on disposal of assets11 20 Interest income- (7) Other income(800)(22) Income tax expense (recovery)20 (4) Operating loss(769)(3,082) Adjusted EBITDA Adjusted EBITDA represents our income (loss) for the period before interest, income taxes, depreciation, amortization and share-based compensation. A reconciliation of our fourth quarter and the year ended June 30, 2020 income (loss) to Adjusted EBITDA follows:Quarter ended June 302020 2019 ($000s) ($000s) Income (loss) for the period27 (1,549) Income tax expense (recovery)13 (10) Interest expense306 217 Depreciation, & amortization 166 237 Stock-based compensation expense (non-cash)(57)79 Adjusted EBITDA455 (1,026) Year ended June 302020 2019 ($000s) ($000s) Loss for the period(1,122)(4,043) Income tax expense (recovery)20 (4) Interest expense1,111 925 Depreciation & amortization1,301 820 Stock-based compensation expense (non-cash)51 397 Adjusted EBITDA1,361 (1,905) For more information on IBC and its innovative alloy products, go here.On Behalf of the Board of Directors:"Mark A. Smith”Mark A. Smith, CEO & Chairman of the BoardCONTACTS: Mark A. Smith, Chairman of the Board Jim Sims, Investor and Public Relations IBC Advanced Alloys Corp. +1 (303) 503-6203 Email: firstname.lastname@example.org Website: www.ibcadvancedalloys.com @IBCAdvanced $IB $IAALFABOUT IBC ADVANCED ALLOYS CORP.IBC is a leading beryllium and copper advanced alloys company serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. IBC's Copper Alloys Division manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. IBC's Engineered Materials Division makes the Beralcast® family of alloys, which can be precision cast and are used in an increasing number of defense, aerospace, and other systems, including the F-35 Joint Strike Fighter. IBC's has production facilities in Indiana, Massachusetts, and Pennsylvania. The Company's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQB under the symbol "IAALF".CAUTIONARY STATEMENTSNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This disclosure contains a forward-looking statements. Forward-looking statements normally contain words like ‘believe’, ‘expect’, ‘anticipate’, ‘plan’, ‘intend’, ‘continue’, ‘estimate’, ‘may’, ‘will’, ‘should’, ‘ongoing’ and similar expressions, and within this news release include any statements (express or implied) respecting improving sales volumes and gross margins while lowering our operating costs and increasing efficiencies across the enterprise. Although IBC believes that the expectations reflected in these forward-looking statement are reasonable, forward-looking statements, by their very nature, are subject to inherent risks and uncertainties and are based on assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statement. The forward looking statements made by the Company in this press release are based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. As a result, we cannot guarantee that any forward-looking statement will materialize and we caution you against relying on any of these forward-looking statements. IBC makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made, except as required by applicable law. Additional information identifying risks and uncertainties is contained in IBC’s filings, including its Annual Information Form for the fiscal year ended June 30, 2019, available at www.sedar.com. 1 IBC reports non-IFRS measures such as "Adjusted EBITDA." Please see information on this and other non-IFRS measures in the "Non-IFRS Measures" section of this news release and in IBC’s MD&A, available on Sedar.com. 2 IBC reports non-IFRS measures such as “Operating Income.” Please see information on this and other non-IFRS measures in the "Non-IFRS Measures" section of this news release and in IBC’s MD&A, available on Sedar.com.
Switchfast Technologies, a Chicago-based managed IT services provider, announced today that it is has acquired Axcell Technologies, a professional technology service company based in Schaumburg, Illinois.
NewMarket Corporation Reports Results for Third Quarter and First Nine Months of 2020.