SG

Wesco International Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, November 2, 2023
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The following are results for the three months ended September 30, 2023 compared to the three months ended September 30, 2022:

Key Points: 
  • The following are results for the three months ended September 30, 2023 compared to the three months ended September 30, 2022:
    Net sales were $5.6 billion for the third quarter of 2023 compared to $5.4 billion for the third quarter of 2022, an increase of 3.6%.
  • Backlog at the end of the third quarter of 2023 declined by 6% compared to the end of the third quarter of 2022.
  • Net interest expense for the third quarter of 2023 was $98.5 million compared to $75.1 million for the third quarter of 2022.
  • Wesco will conduct a webcast and teleconference to discuss the third quarter of 2023 earnings as described in this News Release on Thursday, November 2, 2023, at 10:00 a.m. E.T.

Stoneridge Reports Strong Third-Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023
Line of credit, OEM, Electronics, NYSE, SG, EBITDA, Internet, UAW, Brazil, Manual on Uniform Traffic Control Devices, Control, Trophy, Growth, EPS, European, Peterbilt, Volvo Trucks, Credit Accumulation and Transfer Scheme, SRI, D&D, Daimler Truck North America, DOE, Safety, Navistar, Music, Pharmaceutical industry, Video game, Arms industry, D, Stoneridge Investment Partners v. Scientific-Atlanta, Inc.

NOVI, Mich., Nov. 1, 2023 /PRNewswire/ --

Key Points: 
  • For the third quarter of 2023, Stoneridge reported gross profit of $52.5 million (22.1% of adjusted sales).
  • Adjusted EBITDA was $17.0 million (7.2% of adjusted sales), an increase of 260 basis points, relative to the second quarter of 2023.
  • Relative to the second quarter of 2023, Stoneridge Brazil sales decreased by 5.0%.
  • A live Internet broadcast of Stoneridge's conference call regarding 2023 third quarter results can be accessed at 9:00 a.m. Eastern Time on Thursday, November 2, 2023, at www.stoneridge.com , which will also offer a webcast replay.

Electrolux Group steps-up cost reductions and organizational simplifications

Retrieved on: 
Friday, October 27, 2023
European Conservatives and Reformists Group Executive, Sustainability, Airport Business Area, Saskatoon, Operation, SEK, Pressure, SG, Disclosure, Investment, Communication, EBIT, Growth, Electrolux, Marketing, Taste, People's commune, Central business district, Pharmaceutical industry, Renewable energy, Management, EU

The ongoing substantial cost reduction progress, while ahead of plan, is not sufficient to restore margins given the price pressure from input cost discrepancies.

Key Points: 
  • The ongoing substantial cost reduction progress, while ahead of plan, is not sufficient to restore margins given the price pressure from input cost discrepancies.
  • "We are therefore accelerating structural cost reductions and execution of product cost measures.
  • The new target comprises net cost reductions from Cost efficiency and Investments in innovation and marketing, combined.
  • This disclosure contains information that Electrolux Group is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014).

Electrolux Group steps-up cost reductions and organizational simplifications

Retrieved on: 
Friday, October 27, 2023
European Conservatives and Reformists Group Executive, Sustainability, Airport Business Area, Saskatoon, Operation, SEK, Pressure, SG, Disclosure, Investment, Communication, EBIT, Growth, Electrolux, Marketing, Taste, People's commune, Central business district, Pharmaceutical industry, Renewable energy, Management, EU

The ongoing substantial cost reduction progress, while ahead of plan, is not sufficient to restore margins given the price pressure from input cost discrepancies.

Key Points: 
  • The ongoing substantial cost reduction progress, while ahead of plan, is not sufficient to restore margins given the price pressure from input cost discrepancies.
  • "We are therefore accelerating structural cost reductions and execution of product cost measures.
  • The new target comprises net cost reductions from Cost efficiency and Investments in innovation and marketing, combined.
  • This disclosure contains information that Electrolux Group is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014).

Columbia Sportswear Company Reports Third Quarter and First Nine Months 2023 Financial Results; Updates Full Year 2023 Financial Outlook

Retrieved on: 
Thursday, October 26, 2023
Footwear, Fashion, Retail, Sports, Other Retail, Outdoors, Specialty, Omni, Nine Months, Security (finance), Inventory, SG, Patrick (sportswear company), GAAP, Consumer, Nature, Environment, Growth, Balance sheet, PFAS, Capital expenditure, External commercial borrowing, Forecasting, DTC, Australian Financial Review, Investment, Columbia Sportswear, Capital, Video game, Creative industries, Arms industry, Life insurance, Health insurance, Pharmaceutical industry, Renewable energy, Cryptocurrency, Car rental, Rare-earth element, Bank

(All comparisons are between third quarter 2023 and third quarter 2022, unless otherwise noted.)

Key Points: 
  • (All comparisons are between third quarter 2023 and third quarter 2022, unless otherwise noted.)
  • Net sales increased 3 percent (3 percent constant-currency) to $985.7 million from $955.0 million for the comparable period in 2022.
  • Columbia Sportswear Company plans to report fourth quarter 2023 financial results on Thursday, February 1, 2024 at approximately 4:00 p.m.
  • The Company provides a reconciliation of non-GAAP measures to the most directly comparable financial measure calculated in accordance with GAAP.

Rogers Corporation Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, October 26, 2023
EV, Electric Vehicles, Mobile, Wireless, Technology, Automotive, Environment, Other Manufacturing, Green Technology, Engineering, Automotive Manufacturing, Other Automotive, Other Technology, Manufacturing, Public expenditure, Electronics, SG, AES, GAAP, EMS, A&D, ADAS, Video game, Security (finance)

EMS net sales increased by 2.8% primarily from higher portable electronics and A&D sales, partially offset by lower general industrial sales.

Key Points: 
  • EMS net sales increased by 2.8% primarily from higher portable electronics and A&D sales, partially offset by lower general industrial sales.
  • Currency exchange rates unfavorably impacted total company net sales in the third quarter of 2023 by $0.7 million compared to the prior quarter.
  • Selling, general and administrative (SG&A) expenses decreased by $1.8 million from the prior quarter to $44.3 million.
  • GAAP earnings per diluted share were $1.02 compared to earnings per diluted share of $0.96 in the previous quarter.

Hammond Power Solutions Reports Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, October 26, 2023
Public expenditure, SG, EBITDA, Magnetism, Growth, CFO, HPS, TSX, Rare-earth element, Video game, Cryptocurrency, Mesta

GUELPH, Ontario, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Hammond Power Solutions Inc. (“HPS”) (TSX: HPS.A) a leading manufacturer of dry-type transformers, power quality products and related magnetics, today announced its financial results for the third quarter 2023.

Key Points: 
  • GUELPH, Ontario, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Hammond Power Solutions Inc. (“HPS”) (TSX: HPS.A) a leading manufacturer of dry-type transformers, power quality products and related magnetics, today announced its financial results for the third quarter 2023.
  • Demand was driven by our custom power units that serve renewable and data center applications,” said Adrian Thomas, CEO of Hammond Power Solutions.
  • Indian sales for Quarter 3, 2023 finished at $7,790 versus $5,709 in Quarter 2, 2022, an increase of $2,081 or 36.5%.
  • The Company’s Quarter 3, 2023 backlog increased by 40.3% as compared to Quarter 3, 2022 and has increased 11.3% from Quarter 2, 2023.

Tractor Supply Company Reports Third Quarter 2023 Financial Results; Updates Fiscal 2023 Financial Outlook

Retrieved on: 
Thursday, October 26, 2023
Retail, Consumer, Other Retail, Agriculture, Natural Resources, Specialty, Pets, Sale, Growth, Tractor Supply Company, SG, Quarter, Acquisition, Orscheln Farm & Home, TSCO, Multimedia, Comparable, Environment, Edible, Transport, EPS, Depreciation, Cryptocurrency, Video game, Music

Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States (the “Company”), today reported financial results for its third quarter ended September 30, 2023.

Key Points: 
  • Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States (the “Company”), today reported financial results for its third quarter ended September 30, 2023.
  • Net sales for the third quarter of 2023 increased 4.3% to $3.41 billion from $3.27 billion in the third quarter of 2022.
  • The Company opened 17 new Tractor Supply stores and four new Petsense by Tractor Supply stores and closed one Petsense by Tractor Supply store in the third quarter of 2023.
  • The Company is updating its fiscal 2023 financial guidance to reflect its performance through the third quarter along with its expectations for the remainder of the year.

Safe & Green Holdings Chairperson and CEO Paul Galvin to Participate in the Benzinga All Access Event This Morning Thursday, October 26, at 10:45 AM ET

Retrieved on: 
Thursday, October 26, 2023
Environment, Other Construction & Property, Residential Building & Real Estate, Sustainability, Commercial Building & Real Estate, Construction & Property, Building Systems, Green, SG, Multimedia

Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine, today announced that its Chairperson and Chief Executive Officer, Paul Galvin, will be participating in the Benzinga All Access event taking place this morning at 10:45 AM Eastern Time.

Key Points: 
  • Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures for residential, commercial, and point-of-care medicine, today announced that its Chairperson and Chief Executive Officer, Paul Galvin, will be participating in the Benzinga All Access event taking place this morning at 10:45 AM Eastern Time.
  • View the full release here: https://www.businesswire.com/news/home/20231026070325/en/
    Paul Galvin, Chairperson and CEO, Safe & Green Holdings Corp. (Photo: Business Wire)
    The event will be broadcast live and can be viewed at: https://youtube.com/live/tKsGj9Qv9i8?feature=share .
  • An archived recording of the presentation will be available on the investor relations section of the Company’s website at https://ir.safeandgreenholdings.com/news-events/ir-calendar .
  • Paul Galvin, Chairperson, and CEO commented, “I look forward to this appearance on Benzinga All Access, and discussing meaningful recent developments within SG Echo, as well as the spinoff of SG DevCo, and the encouraging progress within our healthcare services division.”

Data I/O Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, October 26, 2023
Electronic Design Automation, Data Management, Engineering, Security, IOT (Internet of Things), Technology, Manufacturing, Adjustment, Tax, Card Transaction Data, ICS, United Auto Workers, SG, Data, R, Internet, Equivalents, Environment, Cash and cash equivalents, Growth, ICE, Data I/O, Electronics, Depreciation, Overalls, AI, Table, Investment, PSV, Silicon, Acceleration, Cryptocurrency, Pharmaceutical industry, Bookkeeping, Video game, EV

Data I/O Corporation (NASDAQ:DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Data I/O Corporation (NASDAQ:DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced financial results for the third quarter ended September 30, 2023.
  • Commenting on the third quarter ended September 30, 2023, Anthony Ambrose, President and CEO of Data I/O Corporation, said, “The third quarter was a decidedly mixed quarter.
  • Third quarter 2023 bookings were $5.3 million, down from $7.6 million in the second quarter and down from $7.1 million in the third quarter 2022.
  • Third quarter 2023 operating expenses were $626,000, 15% lower than second quarter 2023 of $4.2 million, due to lower sales related incentive compensation, improved operational efficiencies and focused cost management.