Public expenditure

Scilex Holding Company Announces Closing of $15 Million Registered Direct Offering

Retrieved on: 
Thursday, April 25, 2024
Sale, Prospectus, Investment, Security (finance), Research, Lexington Avenue, Public expenditure, Form, PALO, Chronic pain, Telephone

Rodman & Renshaw LLC and StockBlock Securities LLC acted as the exclusive placement agents for the offering.

Key Points: 
  • Rodman & Renshaw LLC and StockBlock Securities LLC acted as the exclusive placement agents for the offering.
  • The gross proceeds for the offering were $15 million, prior to deducting the placement agents’ fees and other offering expenses payable by the Company.
  • The securities described above were offered by the Company pursuant to a “shelf” registration statement on Form S-3 (File No.
  • The securities were offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement.

TransUnion Announces First Quarter 2024 Results

Retrieved on: 
Thursday, April 25, 2024
International, Investment, Capital, Insurance, Security (finance), TRU, History, Capital expenditure, Public expenditure, Senior, Financial services, TransUnion, Video game

Exceeded first quarter 2024 financial guidance, delivering first $1 billion revenue quarter in company history

Key Points: 
  • Exceeded first quarter 2024 financial guidance, delivering first $1 billion revenue quarter in company history
    Grew revenue by 9 percent, driven by U.S. mortgage, International and Emerging Verticals
    Achieved key milestones in our transformation program, including significant hiring in our Global Capability Centers and migration of key applications onto OneTru solutions enablement platform
    CHICAGO, April 25, 2024 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) (the “Company”) today announced financial results for the quarter ended March 31, 2024.
  • Net income attributable to TransUnion was $65 million for the quarter, compared with $53 million for the first quarter of 2023.
  • Adjusted Net Income was $179 million for the quarter, compared with $155 million for the first quarter of 2023.
  • “TransUnion exceeded first quarter financial guidance, delivering the first $1 billion revenue quarter in our history,” said Chris Cartwright, President and CEO.

Garrett Motion Reports First Quarter 2024 Financial Results

Retrieved on: 
Thursday, April 25, 2024
USD, Gasoline, Internet, EDT, Capital, OEM, Research, Transport, Webcast, Capital expenditure, Public expenditure, Tax, Garrett Motion, Share repurchase, Adjustment, GAAP, Video game

ROLLE, Switzerland, April 25, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (Nasdaq: GTX) (the "Company"), a leading differentiated automotive technology provider, today announced its financial results for the three months ended March 31, 2024.

Key Points: 
  • Gross profit totaled $172 million for the first quarter of 2024 as compared to $189 million in the first quarter of 2023, with a gross profit percentage for the first quarter of 2024 of 18.9% as compared to 19.5% in the first quarter of 2023.
  • Selling, general and administrative (“SG&A”) expenses for the first quarter of 2024 increased to $64 million from $56 million in the first quarter of 2023.
  • Interest expense in the first quarter of 2024 was $31 million as compared to $27 million in the first quarter of 2023.
  • Garrett plans to issue financial results for the first quarter 2024 on Thursday, April 25, 2024 before the open of market trading.

Reliance, Inc. Reports First Quarter 2024 Financial Results

Retrieved on: 
Thursday, April 25, 2024
CHIPS, Internet, International, Investment, Geography, Safety, CHIPS and Science Act, Hand, Webcast, Carbon, Growth, Public expenditure, Environment, IPO, PVQ, Pressure, Acquisition, ID, Government, Telephone, Renewable energy

SCOTTSDALE, Ariz., April 25, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) today reported its financial results for the first quarter ended March 31, 2024.

Key Points: 
  • Reliance anticipates that demand for its products across the broader manufacturing sector will remain relatively stable in the second quarter of 2024.
  • Accordingly, the Company estimates its tons sold will be up 2.5% to 4.5% in the second quarter of 2024 compared to the first quarter of 2024, with approximately 2% of the sequential growth coming from recently completed acquisitions on April 1, 2024.
  • In addition, Reliance expects its average selling price per ton sold for the second quarter of 2024 to be down 1% to 3% compared to the first quarter of 2024.
  • A conference call and simultaneous webcast to discuss Reliance’s first quarter 2024 financial results and business outlook will be held on Thursday, April 25, 2024 at 11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time.

Stericycle, Inc. Reports Results For The First Quarter 2024

Retrieved on: 
Thursday, April 25, 2024
Net, Data, Collection, Capital expenditure, Public expenditure, Tax, Stericycle, Acquisition, EPS, Workforce, RWCS

BANNOCKBURN, Ill., April 25, 2024 (GLOBE NEWSWIRE) -- Stericycle, Inc. (Nasdaq: SRCL) today reported results for the first quarter ended March 31, 2024.

Key Points: 
  • BANNOCKBURN, Ill., April 25, 2024 (GLOBE NEWSWIRE) -- Stericycle, Inc. (Nasdaq: SRCL) today reported results for the first quarter ended March 31, 2024.
  • Revenues for the first quarter were $664.9 million, a decrease of 2.8% compared to $684.3 million in the first quarter of 2023.
  • “We remain on track to achieve our full-year 2024 guidance and long-term outlook.”
    Revenues in the first quarter were $664.9 million compared to $684.3 million in the first quarter of 2023.
  • Income from operations in the first quarter was $38.9 million compared to $40.0 million in the first quarter of 2023.

Visteon Announces First Quarter 2024 Financial Results

Retrieved on: 
Thursday, April 25, 2024
Visteon, Ford Puma, OEM, VAN, Public expenditure, Engineering, OLED, Ford, Share repurchase, Growth

VAN BUREN TOWNSHIP, Mich., April 25, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ: VC) today reported first quarter financial results.

Key Points: 
  • VAN BUREN TOWNSHIP, Mich., April 25, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ: VC) today reported first quarter financial results.
  • The decline in net sales was primarily due to lower recoveries resulting from improved semiconductor supply in the first quarter of 2024 and 1% lower customer vehicle production.
  • Gross margin in the first quarter was $119 million, and net income attributable to Visteon was $42 million, or $1.50 per diluted share.
  • Visteon repurchased $20 million of shares in the first quarter of 2024 under the $300 million share repurchase authorization announced in March 2023.

Kirby Corporation Announces 2024 First Quarter Results

Retrieved on: 
Thursday, April 25, 2024
Marine, Weather, Transport, PIN, Commercial, News, Depreciation, Business administration, Security (finance), OEM, Webcast, Mississippi River, Forecasting, Illinois River, History, KDS, KEX, Public expenditure, Form, Wind, Tax, Distribution, Comparable, Methodist University, Tulane University, Southern Methodist University, Kirby Corporation, Telephone, Human, GAAP, Growth, Overalls, Finance, Rice University, Video game

Consolidated revenues for the 2024 first quarter were $808.0 million compared with $750.4 million reported for the 2023 first quarter.

Key Points: 
  • Consolidated revenues for the 2024 first quarter were $808.0 million compared with $750.4 million reported for the 2023 first quarter.
  • Marine transportation revenues for the 2024 first quarter were $475.4 million compared with $412.5 million for the 2023 first quarter.
  • Operating income for the 2024 first quarter was $83.0 million compared with $43.0 million for the 2023 first quarter.
  • Operating income for the 2024 first quarter was $22.0 million compared with $22.8 million for the 2023 first quarter.

Equinor first quarter 2024 results

Retrieved on: 
Thursday, April 25, 2024
USD, Use, Buzzard, EQNR, Midstream, Power, Investment, Sleipnir, Marketing, Communication, MMP, Kilowatt-hour, Vito, Public expenditure, Tax, Senior, LNG, Empire, Prandtl number, NCS, Growth, Renewable energy

Equinor (OSE: EQNR, NYSE: EQNR) delivered adjusted operating income* of USD 7.53 billion and USD 2.57 billion after tax in the first quarter of 2024.

Key Points: 
  • Equinor (OSE: EQNR, NYSE: EQNR) delivered adjusted operating income* of USD 7.53 billion and USD 2.57 billion after tax in the first quarter of 2024.
  • Anders Opedal, President and CEO of Equinor ASA:
    “Equinor delivered solid financial results driven by strong operational performance across the business.
  • In the first quarter, Equinor produced 774 GWh from renewables, up 48% from the same quarter last year.
  • The first tranche of the share buy-back programme for 2024 was completed on 2 April 2024 with a total value of USD 1.2 billion.

STMicroelectronics Reports 2024 First Quarter Financial Results

Retrieved on: 
Thursday, April 25, 2024
Appendix, Public, Climate change, Tsunami, Pandemic, Weather, Nature, Risk, Annual report, Earthquake, Security (finance), Epidemic, Euro, Carbon, Public expenditure, Privacy, Legislation, Intellectual property, Share repurchase, GAAP, Central European Time, Cryptocurrency

Net Capex (non-U.S. GAAP)1 was $967 million in the first quarter compared to $1.09 billion in the year-ago quarter.

Key Points: 
  • Net Capex (non-U.S. GAAP)1 was $967 million in the first quarter compared to $1.09 billion in the year-ago quarter.
  • Free cash flow (non-U.S. GAAP)1 was negative at $134 million in the first quarter, compared to positive $206 million in the year-ago quarter.
  • Inventory at the end of the first quarter was $2.69 billion, compared to $2.70 billion in the previous quarter and $2.87 billion in the year-ago quarter.
  • Days sales of inventory at quarter-end was 122 days compared to 104 days in the previous quarter and 122 days in the year-ago quarter.

Pulse Seismic Inc. Reports Q1 2024 Results and Increases Regular Dividend

Retrieved on: 
Thursday, April 25, 2024
Sale, Public, Language, Conversation, TTM, News, Safety, Outlook, Natural gas, Depreciation, Management, Volatility, LNG Canada, Public expenditure, Tax, Legislation, Acquisition, Marketing, Intellectual property, Bank statement, 2D, MD&A, GAAP

EBITDA per share is defined as EBITDA divided by the weighted average number of shares outstanding for the period.

Key Points: 
  • EBITDA per share is defined as EBITDA divided by the weighted average number of shares outstanding for the period.
  • Pulse is a market leader in the acquisition, marketing and licensing of 2D and 3D seismic data to the western Canadian energy sector.
  • Pulse owns the largest licensable seismic data library in Canada, currently consisting of approximately 65,310 square kilometres of 3D seismic and 829,207 kilometres of 2D seismic.
  • Pulse does not publish specific financial goals or otherwise provide guidance, due to the inherently poor visibility of seismic revenue.