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 PRESS RELEASE

Interfor Reports Voting Results from Annual General Meeting

Interfor Reports Voting Results from Annual General Meeting BURNABY, British Columbia, May 09, 2024 (GLOBE NEWSWIRE) -- INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) announced the voting results for the election of its Board of Directors, which took place at the Company’s Annual General Meeting held today in Vancouver, British Columbia. A total of 37,724,030 common shares were voted by proxy at the meeting representing 73.33% of the votes attached to all outstanding shares. The nominees listed in the management information circular dated March 13, 2024, were elected as di...

AgriBank, FCB: Update to credit analysis

Our credit view of this issuer reflects its consistent profitability aided by a low cost/ income ratio that reflects AgriBank's wholesale focus, constrained by its industry concentration.

 PRESS RELEASE

CORRECTION - Doman Building Materials Group Ltd. Announces First Quart...

CORRECTION - Doman Building Materials Group Ltd. Announces First Quarter 2024 Financial Results THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. VANCOUVER, British Columbia, May 09, 2024 (GLOBE NEWSWIRE) -- In the Company’s announcement dated May 9, 2024, the 2023 comparative year EBITDA was corrected from $33.2 million to $44.8 million. The complete correct press release follows: Q1 2024 Financial Highlights(1): Revenues of $602.5 millionGross Margin at 16.7%Adju...

 PRESS RELEASE

PyroGenesis Schedules First Quarter 2024 Financial Results and Busines...

PyroGenesis Schedules First Quarter 2024 Financial Results and Business Update Conference Call MONTREAL, May 09, 2024 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. () (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, today announces that it will host a conference call at 10:00 AM Eastern Time on Wednesday May 15, 2024, to discuss the Company’s financial resu...

Moody's Ratings assigns definitive ratings to six CMBS classes of MED ...

Moody's Ratings (Moody's)  has assigned definitive ratings to six classes of CMBS securities, issued by MED Commercial Mortgage Trust 2024-MOB, Commercial Mortgage Pass-Through Certificates, Series 2024-MOB: Cl. A, Definitive Rating Assigned Aaa (sf) Cl. B, Definitive Rating Assigned Aa1 (sf) Cl...

Spring Lake Park ISD 16, MN: Update to credit analysis

Our credit view of this issuer reflects its stable enrollment, strong local economy, strong reserves and moderate leverage.

Moody’s Ratings rates CNO’s senior unsecured notes Baa3

New York , May 9, 2024 – Moody's Ratings (Moody's) has assigned a Baa3 rating to $700 million of 10-year senior unsecured notes being issued by CNO Financial Group, Inc. (CNO; NYSE: CNO). CNO intends to use the net proceeds from the offering for general corporate purposes, which may include the rede...

Dan Salmon
  • Dan Salmon

Match Group (MTCH, Buy, $55 target) 1Q24 Model Update: Lower revenues ...

No change to our $55 target owing to slightly lower estimates offset by higher share buyback assumptions. We walk through detailed changes on Tinder, Hinge and share buybacks within.

Red Bank Borough School District, NJ: Update to credit analysis follow...

Moody's credit view highlighting Red Bank SD's growing tax base, declining enrollment, sound financial position, and low long-term liabilities.

Banco Cooperativo Sicredi S.A.: Update following rating affirmation an...

Our credit view of this issuer reflects its granular funding structure, largely composed of cooperative associates' deposits, constrained by its asset risk and profitability pressures.

Navient Corporation: Update to credit analysis following ratings affir...

Our credit view of this issuer reflects its solid asset quality and track record of managing cash flows through various cycles, offset by its higher leverage and secured funding profile.

Moody's Ratings affirms Providence St. Joseph Health's (WA) A2 revenue...

Moody's Ratings (Moody's) has affirmed Providence St. Joseph Health's A2 revenue bond rating, and has maintained the negative outlook.  At this time, we are also affirming the A2 rating on the debt of St. Joseph Health System, CA. (St. Joseph Health System (SJHS) is a part of Providence St. Joseph H...

 PRESS RELEASE

Inotiv, Inc. Reschedules its Fiscal 2024 Second Quarter Results

Inotiv, Inc. Reschedules its Fiscal 2024 Second Quarter Results WEST LAFAYETTE, Ind., May 09, 2024 (GLOBE NEWSWIRE) -- Inotiv, Inc. (Nasdaq: NOTV) (the “Company”), a leading contract research organization specializing in nonclinical and analytical drug discovery and development services and research models and related products and services, today announced that the release of the Company’s financial results for the three and six months ended March 31, 2024 and the conference call to discuss the results that were originally scheduled for Friday, May 10, 2024 are being rescheduled to provid...

Moody's Ratings assigns initial Aaa issuer rating to Tolles Career & T...

Moody's Ratings (Moody's) has assigned an initial Aaa issuer rating to Tolles Career & Technical Center, OH and a Aa1 to Certificates of Participation (Tolles Career & Technical Center, Madison, Franklin, Delaware, Fayette and Union Counties, Ohio School Facilities Project), Series 2024. After the c...

Eno River Academy, NC: Update following change of outlook to positive

Our credit view of this issuer reflects its no plans to issue debt, constrained by its modest size of operations with gross revenue at a modest $9.4 million.

Moody's Ratings assigns Aa3 to the Town of Rome, WI's GO Notes

Moody's Ratings (Moody's) has assigned a Aa3 rating to the Town of Rome, WI's General Obligation Promissory Notes, Series 2024A to be issued with a proposed par amount of about $2.3 million. Moody's maintains the town's Aa3 issuer rating and the Aa3 rating on its outstanding general obligation bonds...

 PRESS RELEASE

Four Independent Scientific Abstracts at the American Academy of Denta...

Four Independent Scientific Abstracts at the American Academy of Dental Sleep Medicine Annual Meeting Feature ProSomnus Intraoral Medical Devices PLEASANTON, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- ProSomnus, Inc. (the “Company”), the leading non-CPAP Obstructive Sleep Apnea (OSA) therapy™, announced that four independent scientific abstracts accepted for the 2024 AADSM Annual Meeting contain scientific data utilizing ProSomnus precision devices, with one abstract winning the prestigious Clinical Excellence Award, and another featuring over 1,200 patients. Abstract #018 (Winner of t...

 PRESS RELEASE

Mount Logan Capital Inc. Announces First Quarter 2024 Financial Result...

Mount Logan Capital Inc. Announces First Quarter 2024 Financial Results Increased Ability’s total assets managed by Mount Logan to $617 million and reinsured an additional $39 million Multi-Year Guaranteed Annuities during the quarter Generated $9.5 million of insurance segment Spread Related Earnings (“SRE”) for the trailing twelve months ended March 31, 2024, demonstrating the earnings power of the insurance segment Strong quarter for the asset management segment with another quarter of record management fees. Fee Related Earnings (“FRE”) for the quarter of $1.6 million, up 15% as c...

Alexander Aukner
  • Alexander Aukner

Mowi (Buy, TP: NOK235.00) - Operational recovery under way

Q1 operating EBIT was EUR201m and Mowi proposed a DPS of NOK1.5. The Norwegian operations have suffered due to a high share of downgraded fish; however, with new vaccines, increased filleting capacity and better preparedness for jellyfish, we find a brighter outlook. Also, feed input costs have started to turn for the better, and Mowi expects lower costs in H2. We have increased our 2024–2026e EPS by 5.6–2.7%, and reiterate our BUY and NOK235 target price.

Håkon Astrup
  • Håkon Astrup

Sandnes Sparebank (Hold, TP: NOK104.00) - Q1 ROE in line with 10% targ...

Helped by YOY cost reductions and low loan losses, Q1 ROE was 10.0%, in line with the 2024 target. With solid lending growth and improved retail lending margins mitigated by deposit margin pressure, NII was flat QOQ. While down ~20bp QOQ, the bank has a strong CET1 ratio of ~17.6% versus its 16.2% requirement (including a 1%-point management buffer), boding well for further generous dividend distributions. That said, with the stock trading at a 2025e P/E of ~9.3x, we continue to find more attrac...

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