● . . BioHarvest Sciences to Host Second Quarter 2024 Corporate Update Call on August 29, 2024, at 2:30 p.m. Eastern Time August 23, 2024 8:30 AM EDT | Source: BioHarvest Sciences Inc. Vancouver, British Columbia and Rehovot, Israel--(Newsfile Corp. - August 23, 2024) - BioHarvest Sciences Inc. (CSE: BHSC) (OTCQB: CNVCF) ("BioHarvest" or the "Company"), a company pioneering its patented Botanical Synthesis technology platform, today announced that it will host a corporate update call on Thursday, August 29, ...

VANCOUVER, British Columbia, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the "Company" or "Calibre") is pleased to announce drill results from its 2024 resource conversion and expansion program within the Guapinol open pit area on the Company's 176 km2 Eastern Borosi Mine Complex ("Eastern Borosi") in northeastern Nicaragua. This prolific land package sits adjacent to a larger, 100%-owned, 7,281 km2 Atlantic Mineral Concession package which has high potential for the dis ...

NEW YORK, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Stronghold Digital Mining, Inc. (NASDAQ: SDIG) ("Stronghold", or the "Company") will host a conference call on Wednesday, August 14 at 11:00 a.m. Eastern Time to discuss its operations and financial results from the second quarter 2024. A press release detailing these results will be issued before the market opens on the same day. A live webcast of the call will be available on the Investor Relations page of the Company's website at ir.strongholddigitalmining.com. ...

Financial Data and Key Metrics Changes - Net sales increased by 7% to $73.2 million from $68.3 million in the same period last year, driven by higher demand for truck mirror assemblies and returnable transport packaging products [9][10] - Gross margin as a percentage of sales improved to 25% from 22% in the prior year, reflecting better price-cost alignment and cost-saving initiatives [10] - Net income for Q2 2024 was $3.5 million or $0.56 per diluted share, compared to $1.4 million or $0.22 per diluted share in Q2 2023 [11] - Adjusted EBITDA for Q2 2024 was $7.2 million, up from $5.9 million in the previous year [12] Business Line Data and Key Metrics Changes - Truck mirror assembly volume benefited from additional orders of approximately $5 million from two key customers due to operational flexibility [10] - Backlog as of June 29, 2024, rose 43% to $107 million compared to $75 million a year ago, driven by increased orders for truck mirror assemblies and returnable transport packaging products [10][11] Market Data and Key Metrics Changes - The company noted a softening in the commercial vehicle market and certain electric vehicle programs, negatively impacting demand for custom returnable packaging solutions [14] - Interest rates are heavily impacting the commercial vehicle industry, but the replacement cycle of trucks is expected to continue [18] Company Strategy and Development Direction - The company is focused on enhancing operational excellence and strengthening customer relationships, with a goal to be viewed as a true partner rather than just a product manufacturer [6][7][14] - The strategy includes four pillars: disciplined operations, effective capital utilization, focused commercial business, and value-added acquisitions [9] - A pilot program for plastics manufacturing is underway, with an investment of $3.5 million aimed at vertical integration and cost savings [16][17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the uncertain economic environment but believes the commercial vehicle industry provides a soft floor for performance [18] - The company is determined to maintain profitability despite cyclical challenges and is evaluating long-term performance across all business divisions [15][22] Other Important Information - The company repurchased 10,000 shares of common stock in Q2 2024, totaling approximately 60,000 shares repurchased under the buyback program [13] - Cash flow from operations in the first half of 2024 was $10.3 million, down from $13.6 million in the same period last year, primarily due to increases in accounts receivable [12] Q&A Session Summary Question: How do you expect the current more uncertain economic environment to impact Eastern? - Management believes the commercial vehicle industry provides a soft floor for performance and that their agility will help maintain profitability [18] Question: For how long do you think electrification can be pushed out and why is this happening? - Management noted that electrification is being delayed due to infrastructure readiness and the need for larger trucks to be replaced [19][20] Question: What was the debt reduction for the second quarter? - The debt reduction for the second quarter was $750,000, which is the normal scheduled reduction for the quarter [21]

The Eastern Company (EML) reported net income of 56 cents per share in the second fiscal quarter of 2024. This marks a substantial improvement from 22 cents per share recorded in the same period of the previous year. Net sales for the quarter were $73.2 million, up 7% from $68.3 million in the corresponding period last year. The quarterly performance showcases significant improvements in net income and sales, driven by robust demand in specific product lines and strategic business adjustments. However, chal ...

EX-99.1 2 eml_ex991.htm EX-99.1 EXHIBIT 99.1 THE EASTERN COMPANY REPORTS SECOND QUARTER 2024 RESULTS Second Quarter and Six Months 2024 Financial Results FOR IMMEDIATE RELEASE · Net income for Q2 2024 rises to $3.5 million, or $0.56 per diluted share, compared to net income of $1.4 million, or $0.22 per diluted share, for Q2 2023. · Gross margin increases to 25% in Q2 2024 compared to 22% in Q1 2023. · Backlog as of June 29, 2024 rises 43% to $107.3 million from $75.3 million as of July 1, 2023. SHELTON, CT ...

YARDLEY, Pa., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Optinose (NASDAQ:OPTN), a pharmaceutical company focused on patients treated by ear, nose and throat (ENT) and allergy specialists, today announced the Company will report financial results for the second quarter 2024 and corporate updates, before market open, on Thursday, August 8, 2024. Company to Host Conference Call Members of the Company's leadership team will host a conference call to discuss financial results and corporate updates. The call is scheduled ...

CLEVELAND, July 31, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it will release its fiscal 2024 fourth quarter and full year earnings before the market opens on Thursday, August 8, 2024, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will discuss fiscal 2024 fourth quarter and full year results and respond to questions from institutional investors and security analysts. Th ...

AUSTIN, Texas, July 31, 2024 /PRNewswire/ -- Ideal Power Inc. (Nasdaq: IPWR) ("Ideal Power," the "Company," "we," "us" or "our"), pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN™ bidirectional semiconductor power switch, today announces that management will hold a conference call on Wednesday, August 14, 2024 at 10:00 AM Eastern Time to discuss its results for the second quarter ended June 30, 2024. A press release detailing these results will be issued p ...

BEIJING, July 31, 2024 (GLOBE NEWSWIRE) -- KE Holdings Inc. ("Beike" or the "Company") (NYSE: BEKE; HKEX: 2423), a leading integrated online and offline platform for housing transactions and services, today announced that it will report its unaudited financial results for the second quarter of 2024 before the U.S. market opens on Monday, August 12, 2024. Participant Online Registration: English Line: https://s1.c-conf.com/diamondpass/10040170-jgu87y.html Chinese Simultaneous Interpretation Line (listen-only ...