reports
Moody's Ratings affirms W&T Offshore's B3 CFR with negative outlook
Moody's Ratings (Moody's) changed W&T Offshore, Inc.'s (W&T) outlook to negative, from stable previously. Concurrently, Moody's affirmed W&T's B3 Corporate Family Rating (CFR), B3-PD Probability of Default Rating (PDR), and Caa1 senior secured second lien notes rating. "The change in W&T's outlook...
O-I GLASS REPORTS FIRST QUARTER 2024 RESULTS
O-I GLASS REPORTS FIRST QUARTER 2024 RESULTS Executing Well as Markets Begin to Recover; First MAGMA Greenfield to Start Up Summer 2024; Revising Guidance to Account for Softer Consumer Consumption PERRYSBURG, Ohio, April 30, 2024 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE O-I Glass, Inc. (“O-I”) (NYSE: OI) today reported financial results for the first quarter ended March 31, 2024. Net Earnings Attributable to the Company Per Share (Diluted)Earnings Before Income Taxes$M1Q241Q231Q241Q23Reported$0.45$1.29$117$270 Adjusted EarningsEarnings Per Share (Diluted)S...
Merit Medical Reports Results for First Quarter Ended March 31, 2024
Merit Medical Reports Results for First Quarter Ended March 31, 2024 Q1 2024 reported revenue of $323.5 million, up 8.7% compared to Q1 2023Q1 2024 constant currency revenue* up 9.3% compared to Q1 2023Q1 2024 constant currency revenue, organic* up 7.0% compared to Q1 2023Q1 2024 GAAP operating margin of 11.1%, compared to 8.9% in Q1 2023Q1 2024 non-GAAP operating margin* of 17.3%, compared to 16.1% in Q1 2023Q1 2024 GAAP EPS $0.48, up 35.5%, compared to $0.36 in Q1 2023Q1 2024 non-GAAP EPS* $0.77, up 18.7%, compared to $0.64 in Q1 2023 * Constant currency revenue; constant currency revenu...
Universal Reports First Quarter 2024 Results
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Universal Insurance Holdings (NYSE: UVE) (“Universal” or the “Company”) reported first quarter 2024 results. “It was a strong quarter, including a 29.4% annualized adjusted return on common equity and 35.4% adjusted diluted EPS growth year-over-year,” said Stephen J. Donaghy, Chief Executive Officer. “Results were solid across the board, including profitable underwriting that was complemented by our non-underwriting operations, which is a testament to our differentiated business model. Direct premiums written growth accelerated sequentially, as polici...
O-I PACKAGING SOLUTIONS AND REVINO ROLL OUT RETURNABLE, REUSABLE GLASS...
O-I PACKAGING SOLUTIONS AND REVINO ROLL OUT RETURNABLE, REUSABLE GLASS WINE BOTTLES TO PACIFIC NORTHWEST Returnable, reusable glass wine bottles support the wine industry's drive towards improved sustainability Revino will partner with wineries, local and statewide legislators, and NGOs to lower the barriers to the widespread adoption of glass bottle reuse PERRYSBURG, Ohio and NEWBERG, Oregon,, April 16, 2024 (GLOBE NEWSWIRE) -- O-I Packaging Solutions (“O-IPS”), along with Revino, announce the introduction of returnable, reusable glass wine bottles to advance the sus...
Universal Declares Regular Cash Dividend & Announces Earnings Dates
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Universal Insurance Holdings, Inc. (NYSE: UVE) (“Universal” or the “Company”) announced today that its Board of Directors has declared a quarterly cash dividend of 16 cents per share of common stock, payable May 17, 2024 to shareholders of record as of the close of business on May 10, 2024. Universal will issue a press release reporting its first quarter 2024 results after the market closes on Thursday, April 25, 2024. The company will host a conference call on Friday, April 26, 2024, at 10:00 a.m. ET to discuss financial results. Investors and othe...
O-I Glass Drinktainer Enters RTD Market
O-I Glass Drinktainer Enters RTD Market Right Coast Spirits Italian Ice to be first brand packed in DrinktainerTM via O-I and FX Matt contract packing collaboration Release pairs the sleek, modern design of Drinktainer™ with refreshing, vodka based RTD (Ready-to-Drink) beverage Perrysburg, Ohio, April 09, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (“O-I Glass” or “O-I”), along with F.X. Matt and Right Coast Spirits have announced that Right Coast Spirits Italian Ice will become the first brand to market in DrinktainerTM. Through the contract packing partnership between O-I and F.X. M...
O-I Glass Appoints Gordon Hardie as Chief Executive Officer
O-I Glass Appoints Gordon Hardie as Chief Executive Officer Gordon Brings Over 35 Years of Global Leadership Experience Advancing Strategy and Innovation Company Nominates Two New Independent Directors and Announces Retirement of Board Chair PERRYSBURG, Ohio, April 04, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE: O-I) (the “Company” or “O-I”) today announced that its Board of Directors (the “Board”) has appointed Gordon J. Hardie, current O-I Board member, as the Company’s next Chief Executive Officer, effective the later of May 15, 2024 or the date Gordon is issued his work-aut...
O-I Glass Announces First Quarter 2024 Earnings Conference Call and We...
O-I Glass Announces First Quarter 2024 Earnings Conference Call and Webcast PERRYSBURG, Ohio, April 03, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE: OI) has scheduled its first quarter 2024 conference call and webcast for Wednesday, May 1, 2024, at 8 a.m. EDT. The Company’s news release for the first quarter 2024 earnings will be issued after the market closes on Tuesday, April 30. What: O-I Conference Call and WebcastEarnings presentation materials will also be posted on the O-I website, , when the earnings news release is issued. When: Wednesday, May 1, 2024, at 8 a...
O-I GLASS JOINS SUSTAINABLE WINE ROUNDTABLE TO ADVISE AND ADVANCE GLOB...
O-I GLASS JOINS SUSTAINABLE WINE ROUNDTABLE TO ADVISE AND ADVANCE GLOBAL WINE SUSTAINABILITY O-I Glass will join wine industry leaders and stakeholders to create global standards for wine sustainabilityThe Sustainable Wine Roundtable is an independent, non-profit roundtable for sharing best practices to advance sustainabilityO-I will be the first glassmaker, globally to join the Roundtable Perrysburg, Ohio, March 26, 2024 (GLOBE NEWSWIRE) -- – O-I Glass, Inc. (“O-I Glass” or “O-I”) announced today that the company will join a global collaborative platform to advance sustainability ac...
O-I Glass Selected by US Department of Energy to Receive $125 M Invest...
O-I Glass Selected by US Department of Energy to Receive $125 M Investment to Accelerate Industrial Decarbonization Technologies Perrysburg, Ohio, March 25, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (“O-I Glass” or “O-I”) was selected by the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations to begin award negotiations for up to $125 million in Bipartisan Infrastructure Law and Inflation Reduction Act funding as part of the Industrial Demonstrations Program (IDP). The O-I decarbonization project was selected as one of 33 projects across more than 20 states to receive u...
Merit Medical Launches the Micro ACE™ Advanced Micro-Access System
Merit Medical Launches the Micro ACE™ Advanced Micro-Access System Micro ACE combines a unique balance of stiffness and resiliency to achieve successful micro-access in challenging cases SOUTH JORDAN, Utah, March 19, 2024 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (NASDAQ: MMSI), a global leader of healthcare technology, today announced commercial release of its US Food and Drug Administration (FDA)-cleared Micro ACE Advanced Micro-Access System. Merit also intends to file Micro ACE for CE mark designation. The Micro ACE system is the latest innovation in the Merit Vascular port...
Merit Medical Systems to Announce First Quarter 2024 Results on April ...
Merit Medical Systems to Announce First Quarter 2024 Results on April 30, 2024 SOUTH JORDAN, Utah, March 18, 2024 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (NASDAQ: MMSI), a leading global manufacturer and marketer of healthcare technology, announced today that it will release its financial results for the quarter ended March 31, 2024, after the close of the stock market on Tuesday, April 30, 2024. Merit will hold its investor conference call on the same day (Tuesday, April 30, 2024) at 5:00 p.m. Eastern (4:00 p.m. Central, 3:00 p.m. Mountain, and 2:00 p.m. Pacific). To access the...
Universal Announces New $20 Million Share Repurchase Authorization
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- Universal Insurance Holdings, Inc. (NYSE: UVE) (“Universal” or the “Company”) announced today that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to $20 million of its outstanding shares of common stock through March 11, 2026. Share repurchases may be made by the Company from time to time in open market transactions at prevailing market prices. The Company intends to effect repurchase transactions in compliance with Rule 10b-18 under the Securities Exchange Act of 1934 and the Company’s i...
Immersion Corporation Reports Fourth Quarter and Full Year 2023 Result...
AVENTURA, Fla.--(BUSINESS WIRE)-- Immersion Corporation (NASDAQ: IMMR), a leading developer and provider of technologies for haptics, today reported financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter Financial Summary:1 Total revenues of $10.4 million, compared to $9.2 million in the fourth quarter of 2022. Royalty and license revenues were $10.4 million, compared to $9.1 million in the fourth quarter of 2022. GAAP net income was $16.0 million, or $0.49 per diluted share, compared to GAAP net income of $19.7 million, or $0.60 per diluted shar...
O-I Glass Announces CEO Andres Lopez to Retire
O-I Glass Announces CEO Andres Lopez to Retire Board Engaged in Search for CEO Successor PERRYSBURG, Ohio, March 06, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE: O-I) (the “Company” or “O-I”) today announced that Andres Lopez will retire as Chief Executive Officer, effective May 15, 2024, following a nearly 40-year career with the Company. The Board has been working with an executive search firm to identify O-I’s next CEO as part of the Company’s long-term succession planning process. Andres is committed to supporting a seamless transition of responsibilities to his successor. And...
Merit Medical to Host Evening of Innovation during the 2024 Society of...
Merit Medical to Host Evening of Innovation during the 2024 Society of Interventional Radiology (SIR) Annual Scientific Meeting Merit Medical to host SIR attendees at Salt Lake City headquarters and SIR booth 320 SOUTH JORDAN, Utah, March 05, 2024 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (NASDAQ: MMSI), a global leader of healthcare technology, announced today a series of events for clinicians attending the 2024 SIR Annual Meeting. These educational events will take place at Merit’s headquarters and at SIR booth 320. On March 26, Merit will host an Evening of Innovation ...
Immersion Signs License Agreement with Nintendo
AVENTURA, Fla.--(BUSINESS WIRE)-- Immersion Corporation (NASDAQ: IMMR), a leading developer and provider of patents for haptics, today announced that it has renewed a license with Nintendo Co., Ltd. to continue to make Immersion's patents available to Nintendo and its affiliates. "We are delighted to continue to grant Nintendo a license to our patents for haptic technologies," said Eric Singer, Immersion's President and CEO. About Immersion Immersion Corporation (NASDAQ: IMMR) is the leading innovator of touch feedback technology, also known as haptics. The company invents, accelerates, ...
Moody's places Chemours' ratings under review for downgrade
Moody's Investors Service (Moody's) has placed under review for downgrade The Chemours Company's ("Chemours") Ba3 corporate family rating ("CFR"), Ba3-PD probability of default rating ("PDR"), Ba1 rating on its senior secured credit facilities, and the B1 rating on its senior unsecured notes. Previo...
Merit Medical Introduces “Continued Growth Initiatives” Program and Fi...
Merit Medical Introduces “Continued Growth Initiatives” Program and Financial Targets for Three-Year Period Ending December 31, 2026 SOUTH JORDAN, Utah, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (NASDAQ: MMSI), a leading global manufacturer and marketer of healthcare technology, today introduced its Continued Growth Initiatives Program and related financial targets for the three-year period ending December 31, 2026. Merit’s new multi-year financial targets are: Total revenue increase at a compound annual growth rate (CAGR) of 5% to 7% on an organic, cons...
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