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SIGMA LITHIUM ANNOUNCES 2Q 24 RESULTS: REDUCED CASH COSTS BY 22%, INCREASED FOB MARGINS TO 54% ACHIEVING GUIDANCE AHEAD OF SCHEDULE
Prnewswire· 2024-08-16 08:30
Operational Highlights - Sigma Lithium achieved operational efficiency comparable to larger seasoned producers, with sales volumes of 52,572 tonnes of Quintuple Zero High Purity Lithium Concentrate ("5.0 Green Lithium") in 2Q24 [1] - The company expects total production of 60,000 tonnes of 5.0 Green Lithium in 3Q24 [1] - Sigma maintained a 10% price premium relative to peer lithium producers year to date [1] - The company diversified its commercial relationships by engaging with new South Korean and Japanese industrial and battery manufacturing companies [1][13] - Sigma celebrated a year of shipments at Grota do Cirilo, achieving a high operational employee safety index, ranking second globally [9] Financial Highlights - Revenues from lithium concentrate sales in 2Q24 totaled $54.4 million, with reported revenue of $45.9 million [2][16] - The company achieved a 22% reduction in unit cash costs year to date, with cash costs averaging $364 per tonne [2][18] - Adjusted cash EBITDA margins improved to 29%, up from 16% in 1Q24 [2][19] - Cash balances as of August 14 were $99 million, reflecting a comfortable liquidity position [2] - Net income for the quarter was -$10.8 million, impacted by non-operating currency-related adjustments [21] Production and Cost Efficiency - Lithium concentrate production in 2Q24 totaled 49,389 tonnes, with expectations for increased production in 3Q24 [12][8] - The company implemented operational improvements at the Greentech Plant, which are expected to enhance efficiency and reduce unit costs further [11][19] - Cash unit operating costs for lithium concentrate averaged $364 per tonne in 2Q24, with FOB costs averaging $424 per tonne [18][17] Expansion Plans - Sigma Lithium announced a Final Investment Decision for the Phase 2 Greentech Plant expansion, expected to add 250,000 tonnes of production capacity [22][28] - The total expected capital expenditure for the Phase 2 construction is $100 million, with all relevant environmental licenses secured [23][22] Balance Sheet and Liquidity - The company ended the second quarter with $75.3 million in cash and cash equivalents, with a sequential decline attributed to timing of cash receivables [24] - As of the filing date, the cash balance had returned to $99 million, with $219 million in short-term loans and export prepayment liabilities [24]
WYNDHAM HOTELS & RESORTS DECLARES QUARTERLY CASH DIVIDEND
Prnewswire· 2024-08-15 20:30
PARSIPPANY, N.J., Aug. 15, 2024 /PRNewswire/ -- Wyndham Hotels & Resorts, Inc. (NYSE: WH) announced today its Board of Directors declared a quarterly cash dividend of $0.38 per share on its common stock, payable September 27, 2024 to shareholders of record as of September 13, 2024. About Wyndham Hotels & Resorts Wyndham Hotels & Resorts (NYSE: WH) is the world's largest hotel franchising company by the number of properties, with approximately 9,200 hotels across over 95 countries on six continents. Through ...
SAPIENS DECLARES CASH DIVIDEND OF $16.2 MILLION, OR $0.29 PER SHARE FOR THE FIRST HALF OF 2024
Prnewswire· 2024-08-15 10:25
ROCHELLE PARK, N.J., Aug. 15, 2024 /PRNewswire/ -- Sapiens International Corporation N.V. (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, announced today that its board of directors has approved the distribution of a cash dividend of $0.29 per share, or $16.2 million in total, based on 2024 first half results. The dividend is in line with the company's policy of distributing on a semi-annual basis up to 40% of its annual non-GAAP net income and will b ...
J & J SNACK FOODS CORP. ANNOUNCES INCREASE IN ITS QUARTERLY CASH DIVIDEND
GlobeNewswire News Room· 2024-08-07 20:30
Core Viewpoint - J & J Snack Foods Corp. has declared a quarterly cash dividend of $0.78 per share, marking a 6% increase from the previous dividend of $0.735 per share [1]. Company Overview - J & J Snack Foods Corp. is a leader in the snack food industry, offering a range of innovative and affordable branded snack foods and beverages to foodservice and retail outlets [3]. - The company's principal products include SUPERPRETZEL, ICEE, SLUSH PUPPIE, DIPPIN' DOTS, LUIGI'S Real Italian Ice, MINUTE MAID frozen ices, WHOLE FRUIT sorbet, HOLA! CHURROS, and funnel cakes from THE FUNNEL CAKE FACTORY, along with several bakery brands [3].
SERVICE CORPORATION INTERNATIONAL DECLARES QUARTERLY CASH DIVIDEND
Prnewswire· 2024-08-07 16:34
HOUSTON, Aug. 7, 2024 /PRNewswire/ -- Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, today announced that its Board of Directors has approved a quarterly cash dividend of thirty cents per share of common stock. The quarterly cash dividend announced today is payable on September 30, 2024 to shareholders of record at the close of business on September 13, 2024. While the Company intends to pay regular quarterly cash dividends for the fo ...
Pathward Financial(CASH) - 2024 Q3 - Quarterly Report
2024-08-06 20:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $.01 par value CASH The NASDAQ Stock Market LLC FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...
SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR AUGUST 2024
Prnewswire· 2024-08-05 12:00
DALLAS, Aug. 5, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Sabine Royalty Trust (NYSE: SBR), today declared a cash distribution to the holders of its units of beneficial interest of $0.450890 per unit, payable on August 29, 2024, to unit holders of record on August 15, 2024. Sabine's cash distribution history, current and prior year financial reports and tax information booklets, a link to filings made with the Securities and Exchange Commission and more can be found on its website, which ...
ADECOAGRO S.A. ANNOUNCES EARLY RESULTS OF CASH TENDER OFFER FOR UP TO US$100.0 MILLION AGGREGATE PRINCIPAL AMOUNT OF 6.000% SENIOR NOTES DUE 2027
Prnewswire· 2024-08-02 22:40
LUXEMBOURG, Aug. 2, 2024 /PRNewswire/ -- Adecoagro S.A. (the "Issuer") announces the early results of its previously announced tender offer (the "Tender Offer") to purchase for cash up to US$100.0 million in aggregate principal amount (subject to increase or decrease by the Issuer, in its sole discretion, the "Maximum Tender Amount") of its 6.000% senior notes due 2027 (the "Notes"). The Tender Offer is being made upon the terms and subject to the conditions set forth in an offer to purchase, dated July 22, ...
MARRIOTT INTERNATIONAL DECLARES QUARTERLY CASH DIVIDEND
Prnewswire· 2024-08-02 21:30
BETHESDA, Md., Aug. 2, 2024 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) today announced that its board of directors declared a quarterly cash dividend of 63 cents per share of common stock. The dividend is payable on September 30, 2024, to shareholders of record as of the close of business on August 16, 2024. Marriott International Declares Quarterly Cash DividendMarriott International Declares Quarterly Cash Dividend Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, ...
Are You Looking for a Top Momentum Pick? Why Pathward Financial (CASH) is a Great Choice
ZACKS· 2024-07-26 17:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. You can see the current list of Zacks #1 Ra ...