Fiscal

Statement by AmeriCorps CEO Smith on the President’s Fiscal Year 2025 Budget

Retrieved on: 
Monday, March 11, 2024

Washington, DC, March 11, 2024 (GLOBE NEWSWIRE) -- Today, the Biden-Harris Administration released the President’s Budget for Fiscal Year 2025.

Key Points: 
  • Washington, DC, March 11, 2024 (GLOBE NEWSWIRE) -- Today, the Biden-Harris Administration released the President’s Budget for Fiscal Year 2025.
  • “Over the last 30 years, America has counted on AmeriCorps to address our country’s biggest challenges in a cost-efficient way that benefits communities, nonprofit organizations, and those who serve,” said Michael D. Smith, CEO, AmeriCorps.
  • To support the AmeriCorps’ mission, the President’s Budget for fiscal year 2025 invests in the agency’s future.
  • The Budget is a fiscally responsible proposal that honors the bipartisan budget caps established in the Fiscal Responsibility Act’s hard-fought bipartisan budget agreement.

Burlington Stores, Inc. Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, March 7, 2024

Michael O’Sullivan, CEO, stated, “Our performance in the fourth quarter exceeded our guidance.

Key Points: 
  • Michael O’Sullivan, CEO, stated, “Our performance in the fourth quarter exceeded our guidance.
  • Diluted weighted average shares outstanding amounted to 64.4 million during the quarter compared with 65.4 million during the fourth quarter of Fiscal 2022.
  • During the fourth quarter the Company repurchased 605,311 shares of its common stock under its share repurchase program for $103 million.
  • ET to discuss the Company’s fourth quarter and fiscal 2023 results.

NFI announces fourth quarter and full year 2023 results

Retrieved on: 
Thursday, February 29, 2024

WINNIPEG, Manitoba, Feb. 29, 2024 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. ("NFI" or the "Company"), a leader in zero-emission electric mobility solutions, today announced its audited consolidated financial results for Fiscal 2023.

Key Points: 
  • Results noted herein are for the 13-week period ("2023 Q4”) and the 52-week period ("Fiscal 2023”) ended December 31, 2023.
  • The comparisons reported in this press release compare 2023 Q4 to the 13-week period ("2022 Q4") and Fiscal 2023 to the 53-week period ("Fiscal 2022") ended January 1, 2023.
  • Comparisons and comments are also made to the 13-week period (“2023 Q3”) ended October 1, 2023.
  • NFI generated $19 million in cash flows from working capital in the fourth quarter as higher vehicle deliveries lowered finished goods and work-in-progress inventory.

Portage Biotech Reports Results for Fiscal Quarter Ended December 31, 2023, and Business Update

Retrieved on: 
Wednesday, February 28, 2024

WESTPORT, Conn., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Portage Biotech Inc. (NASDAQ: PRTG) (“Portage” or the “Company”), a clinical-stage immuno-oncology company advancing novel multi-targeted therapies for use as monotherapy and in combination, today reported financial results for the fiscal quarter ended December 31, 2023.

Key Points: 
  • WESTPORT, Conn., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Portage Biotech Inc. (NASDAQ: PRTG) (“Portage” or the “Company”), a clinical-stage immuno-oncology company advancing novel multi-targeted therapies for use as monotherapy and in combination, today reported financial results for the fiscal quarter ended December 31, 2023.
  • R&D costs increased slightly by approximately $0.1 million, or approximately 1%, from approximately $2.7 million in the Fiscal 2023 Quarter, to approximately $2.8 million in the Fiscal 2024 Quarter.
  • G&A expenses decreased by approximately $0.7 million, or approximately 35%, from approximately $2.0 million in the Fiscal 2023 Quarter, to approximately $1.3 million in the Fiscal 2024 Quarter.
  • The Company’s other pre-tax items of income and expense were substantially non-cash in nature and aggregated to approximately $44.9 million net expense in the Fiscal 2024 Quarter, compared to approximately $0.6 million net expense during the Fiscal 2023 Quarter.

Sovos Brands Reports Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024

LOUISVILLE, Colo., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (“Sovos Brands” or the “Company”) (Nasdaq: SOVO), one of the fastest-growing food companies of scale in the United States, today reported financial results for its fourth quarter and fiscal year ended December 30, 2023.

Key Points: 
  • FY 2023 Net Sales Surpassed $1 Billion; Accelerated Volume Growth Drove
    LOUISVILLE, Colo., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (“Sovos Brands” or the “Company”) (Nasdaq: SOVO), one of the fastest-growing food companies of scale in the United States, today reported financial results for its fourth quarter and fiscal year ended December 30, 2023.
  • "Our team delivered sector-leading, volume-driven top and bottom-line growth, surpassing $1 billion of net sales and $150 million of adjusted EBITDA, expanded margins by nearly 200 bps and improved net leverage to 1.6x.
  • Our success would not have been possible without our tenacious and highly talented team and partners who continue to execute with excellence every day."
  • Subject to the satisfaction or waiver of customary closing conditions, the Company continues to expect to complete the Merger within days of the March 11, 2024 expiration date.

Euro Manganese Confirms Fiscal First Quarter 2024 Conference Call Details

Retrieved on: 
Tuesday, February 27, 2024

VANCOUVER, British Columbia, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (the "Company") filed its Fiscal First Quarter 2024 financial reports on February 14, 2024 and will host two separate conference calls to serve stakeholders in their respective time zones.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (the "Company") filed its Fiscal First Quarter 2024 financial reports on February 14, 2024 and will host two separate conference calls to serve stakeholders in their respective time zones.
  • The content of both calls will be the same.
  • Calls will be hosted on Zoom, with the ability to dial-in or join via web link.
  • Replays and transcripts of both calls will be available on Euro Manganese’s website: www.mn25.ca .

Portillo’s Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Tuesday, February 27, 2024

Fourth quarter 2023 and fiscal 2023 consisted of 14 weeks and 53 weeks, respectively, and fourth quarter 2022 and fiscal 2022 consisted of 13 weeks and 52 weeks, respectively.

Key Points: 
  • Fourth quarter 2023 and fiscal 2023 consisted of 14 weeks and 53 weeks, respectively, and fourth quarter 2022 and fiscal 2022 consisted of 13 weeks and 52 weeks, respectively.
  • The additional week (the “53rd week”) in the fourth quarter 2023 and fiscal 2023 included Christmas day, resulting in six operating days.
  • **For the fourth quarter 2023, same-restaurant sales compares the 14 weeks from September 25, 2023 through December 31, 2023 to the 14 weeks from September 26, 2022 through January 1, 2023.
  • The fourth quarter 2023 and fiscal year 2023 results include the favorable impact of a 53rd operating week, which affects all fourth quarter and full year comparisons to fiscal 2022.

Theratechnologies Reports Financial Results for the Fourth Quarter and Full Year of Fiscal 2023 and Provides 2024 Guidance

Retrieved on: 
Wednesday, February 21, 2024

For the fourth quarter of Fiscal 2023, sales of EGRIFTA SV® reached $16,958,000 compared to $14,458,000 in the fourth quarter of the prior year, representing an increase of 17.3%.

Key Points: 
  • For the fourth quarter of Fiscal 2023, sales of EGRIFTA SV® reached $16,958,000 compared to $14,458,000 in the fourth quarter of the prior year, representing an increase of 17.3%.
  • In the fourth quarter of Fiscal 2023, Trogarzo® sales amounted to $6,494,000 compared to $6,963,000 for the same quarter of Fiscal 2022, representing a decrease of 6.7%.
  • Lower unit sales in the fourth quarter of Fiscal 2023, were also a result of higher inventory buildup in Fiscal 2022, a situation which has resolved itself in Fiscal 2023.
  • Net finance costs in the fourth quarter of Fiscal 2022 included interest on the Convertible Notes, whereas this amount was nil in the fourth quarter of Fiscal 2023.

Titan NRG (TTNN) Announces Record Profits for Third Quarter Fiscal 2023

Retrieved on: 
Tuesday, February 20, 2024

TUCSON, AZ, Feb. 20, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Titan NRG, Inc. (OTCPK: TTNN) (the “Company”), a leader in integrated downstream energy and transportation holding company, today announced results for its third quarter fiscal 2023 ended December 31, 2023.

Key Points: 
  • TUCSON, AZ, Feb. 20, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Titan NRG, Inc. (OTCPK: TTNN) (the “Company”), a leader in integrated downstream energy and transportation holding company, today announced results for its third quarter fiscal 2023 ended December 31, 2023.
  • While much of the country experienced unseasonably warm weather during the October-through-December period, Titan NRG showcased its resiliency, efficiency, and growth trajectory to generate a net profit in quarter 3 of Fiscal 2023.
  • Through its subsidiary NRG Rail, Titan is building a facility with an initial capacity of 18 rail cars and a permitted storage capacity of 1.2 million gallons.
  • Interested parties may view the complete Q3 fiscal 2023 filing at: https://www.otcmarkets.com/otcapi/company/financial-report/392411/content

Genesco Inc. Reports Fiscal 2024 Fourth Quarter and Full Year Results

Retrieved on: 
Friday, March 8, 2024

Adjusted operating margin was 5.2% of sales in the fourth quarter of Fiscal 2024 and 7.0% in the fourth quarter last year.

Key Points: 
  • Adjusted operating margin was 5.2% of sales in the fourth quarter of Fiscal 2024 and 7.0% in the fourth quarter last year.
  • The effective tax rate for the quarter was 43.0% in Fiscal 2024 compared to 19.1% in the fourth quarter last year.
  • GAAP earnings from continuing operations were $20.3 million in the fourth quarter of Fiscal 2024 compared to $39.2 million in the fourth quarter last year.
  • Total debt at the end of the fourth quarter of Fiscal 2024 was $34.7 million compared with $44.9 million at the end of last year’s fourth quarter.