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CorMedix(CRMD) - 2024 Q4 - Annual Results
2025-01-07 13:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): January 7, 2025 CORMEDIX INC. (Exact Name of Registrant as Specified in its Charter) Delaware 001-34673 20-5894890 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer 300 Connell Drive, Suite 4200 Berkeley Heights, New Jersey 07922 (Address of Principal Executi ...
MBX Biosciences, Inc.(MBX) - 2024 Q4 - Annual Results
2025-01-07 12:21
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 MBX Biosciences, Inc. (Exact name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation) Delaware 001-42272 84-1882872 (Commission File Number) (IRS Employer Identification No.) 11711 N. Meridian Street Suite 300 Carmel, Indiana 46032 (Address of Principal Executive Offices) (Zip Code) FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of ...
Apogee(APOG) - 2025 Q3 - Quarterly Results
2025-01-07 12:09
Press Release FOR RELEASE: January 7, 2025 APOGEE ENTERPRISES REPORTS FISCAL 2025 THIRD QUARTER RESULTS MINNEAPOLIS, MN, January 7, 2025 – Apogee Enterprises, Inc. (Nasdaq: APOG) today reported its results for the third quarter of fiscal 2025. The Company reported the following selected financial results: Adjusted operating income, adjusted operating margin, adjusted diluted earnings per share (EPS), adjusted EBITDA, and adjusted EBITDA margin are non-GAAP financial measures. See Use of Non-GAAP Financial M ...
RPM(RPM) - 2025 Q2 - Quarterly Results
2025-01-07 11:57
RPM Reports Results for Fiscal 2025 2nd Quarter January 7, 2025 Page 2 Exhibit 99.1 RPM Reports Record Fiscal 2025 Second-Quarter Results MEDINA, OH – January 7, 2025 – RPM International Inc. (NYSE: RPM), a world leader in specialty coatings, sealants and building materials, today reported record financial results for its fiscal 2025 second quarter ended November 30, 2024. Frank C. Sullivan, RPM chairman and CEO commented, "Across our businesses, RPM associates demonstrated their ability to capitalize on gr ...
Lindsay(LNN) - 2025 Q1 - Quarterly Results
2025-01-07 11:45
Exhibit 99.1 18135 BURKE ST. OMAHA, NE 68022 TEL: 402-829-6800 FAX: 402-829-6836 Lindsay Corporation Reports Fiscal 2025 First Quarter Results Growth in international irrigation projects support consolidated revenue expansion OMAHA, Neb., January 7, 2025—Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced results for its first quarter of fiscal 2025 which ended on November 30, 2024. Key Highlights: "Our fir ...
American Equity Investment Life pany(AEL) - 2024 Q4 - Annual Results
2025-01-07 11:06
Financial Performance - GAAP net income for Q3 2024 was -$299 million, a decrease of 223% QoQ and 654% YoY[4] - Distributable operating earnings for Q3 2024 were $360 million, an increase of 42% QoQ and 157% YoY[4] - Net investment income for Q3 2024 was $1.024 billion, an increase of 11% QoQ and 173% YoY[6] - Total revenue for Q3 2024 was $2.004 billion, a decrease of 5% QoQ but an increase of 59% YoY[6] - Net income attributable to American National Group Inc. common stockholders for Q3 2024 was -$299 million, a decrease of 223% QoQ and 654% YoY[6] - Net income for Q3 2024 was $(299) million, a decrease of 223% QoQ and 654% YoY[7] - Distributable operating earnings for Q3 2024 were $360 million, up 42% QoQ and 157% YoY[7] - Non-GAAP net investment income increased by 301% YoY to $1,021 million in Q3 2024, with total net investment spread growing 326% YoY to $404 million[22] - Average invested assets surged 180% YoY to $69,878 million in Q3 2024, driven by significant portfolio expansion[22] - Yield on net invested assets was 4.8% with an aggregate cost of funds at 3.0%, resulting in a total net investment spread of 1.8% for the twelve months ended September 30, 2024[22] Balance Sheet - Total assets as of September 30, 2024, were $123.659 billion, a 255% increase YoY[4] - Total liabilities as of September 30, 2024, were $113.677 billion, a 286% increase YoY[4] - Total equity, excluding AOCI, was $8.501 billion, a 47% increase YoY[4] - Total investments as of September 30, 2024, were $76,024 million, with unrealized gains of $1,755 million[9] - Fixed maturity investments increased to $42,502 million as of September 30, 2024, from $12,877 million at the end of 2023[9] - Equity securities totaled $1,522 million as of September 30, 2024, with unrealized gains of $21 million[9] - Mortgage loans on real estate increased to $11,800 million as of September 30, 2024, from $5,658 million at the end of 2023[9] - Corporate debt securities increased to $29,398 million as of September 30, 2024, from $10,784 million at the end of 2023[9] - Total fixed maturities, available-for-sale, at fair value, were $42,169 million, representing 55% of total investments as of September 30, 2024[11] - Mortgage loans accounted for 16% of total investments as of September 30, 2024, compared to 20% at the end of 2023[11] - Coinsurance funds withheld investments were $3,284 million as of September 30, 2024, representing 5% of total investments[11] - Total fixed maturities, available-for-sale increased to $45,683 million in September 2024 from $12,877 million in December 2023, with corporate debt securities making up 64% of the total[12] - Corporate debt securities with NAIC designation 1 and 2 accounted for 95% of total U.S. corporate debt securities in September 2024, up from 93% in December 2023[12] - Commercial mortgage loans increased to $9,169 million in September 2024 from $5,711 million in December 2023, with apartment loans representing 23% of the total[16] - Non-performing mortgage loans rose to $290 million (3% of total) in September 2024 from $15 million (0% of total) in December 2023[16] - Total long-term borrowings stood at $2,959 million, representing 26% of total capitalization as of September 2024[19] - Total equity, excluding AOCI and NCI, is a non-GAAP measure used to provide a view of equity attributable to American National Group, Inc[39] Expenses and Benefits - Policyholder benefits and claims incurred for Q3 2024 were $846 million, a decrease of 18% QoQ but an increase of 18% YoY[6] - Total benefits and expenses for Q3 2024 were $2.413 billion, an increase of 12% QoQ and 101% YoY[6] - US GAAP benefits and expenses for Q3 2024 were $2,413 million, a 12% increase from Q2 2024's $2,157 million[24] - Total annuity cost of funds for Q3 2024 was $616 million, up 37% from Q2 2024's $449 million[24] Annuity Sales - Gross annuity sales for Q3 2024 reached $4,132 million, a 26% increase from Q2 2024's $3,292 million[26] - Fixed Index annuity sales in Q3 2024 were $2,027 million, a 37% increase from Q2 2024's $1,483 million[26] - Total net annuity sales for Q3 2024 were $4,122 million, up 26% from Q2 2024's $3,267 million[26] - Pension Risk Transfer sales in Q3 2024 were $289 million, a 6% increase from Q2 2024's $273 million[26] - American Equity gross annuity sales since the acquisition on May 2, 2024 were $3,222 million[27] Surrender Charges - The weighted average surrender charge for Q3 2024 was 8%, up from 5% in Q4 2023[29] - The weighted average years remaining in the protected surrender charge period is approximately 6 years[30]
Verona Pharma(VRNA) - 2024 Q4 - Annual Results
2025-01-07 11:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): January 7, 2025 Verona Pharma plc (Exact name of registrant as specified in its charter) United Kingdom 001-38067 98-1489389 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 3 More London Riverside London SE1 2RE United Kingdom (Address o ...
WesBanco(WSBC) - 2024 Q4 - Annual Results
2025-01-06 21:35
Financial Results Announcement - Wesbanco, Inc. will release its financial results for the fourth quarter of 2024 after the market close on January 22, 2025[5] - Management will host a conference call to discuss Q4 2024 financial results on January 23, 2025, at 3:00 p.m. ET[5] - The press release announcing the Q4 2024 earnings release and conference call is attached as Exhibit 99.1 to the report[8] Merger Approval and Documentation - The proposed merger with Premier Financial was approved by shareholders of both companies on December 11, 2024[6] - The Form S-4 registration statement, including the joint proxy statement/prospectus, was declared effective on October 28, 2024[6] - Shareholders and interested parties are urged to review the Form S-4 and joint proxy statement/prospectus for important merger details[6] - The Form S-4 and related documents are available for free on the SEC's website and the websites of Wesbanco and Premier Financial[6]
NewtekOne(NEWT) - 2024 Q4 - Annual Results
2025-01-06 21:19
Deposit Growth and Banking Performance - Newtek Bank, N.A. reached over $1.0 billion in deposits, growing total deposits by $884 million in its first two years of operations[7] - The company's press release highlights significant deposit growth, indicating strong performance in its banking operations[7] Regulatory and Filing Information - The press release is included as Exhibit 99.1 in the Form 8-K filing[9] - The report was filed on January 6, 2025, with the Securities and Exchange Commission[2] Stock and Market Information - The company's common stock and multiple notes are registered on the Nasdaq Global Market LLC under symbols NEWT, NEWTZ, NEWTI, NEWTG, and NEWTH[3] Company Classification - The company is not classified as an emerging growth company[4] Forward-Looking Statements - Forward-looking statements in the report are subject to significant risks and uncertainties, and actual results may differ materially[6] Executive and Contact Information - The report is signed by Barry Sloane, CEO, President, and Chairman of the Board[13] - The company's principal executive offices are located at 4800 T Rex Avenue, Suite 120, Boca Raton, Florida 33431[2] - The company's telephone number is listed as (212) 356-9500[2]
MV Oil Trust(MVO) - 2024 Q4 - Annual Results
2025-01-06 21:15
Quarterly Distribution Announcement - MV Oil Trust announced the quarterly distribution for the payment period ended December 31, 2024[5] - The press release regarding the quarterly distribution was issued on January 6, 2025[5] Press Release Details - The press release is furnished as Exhibit 99.1 and incorporated by reference[5] - The press release is not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934[6] - The press release is not subject to the liabilities of Section 18 of the Exchange Act[6] - The press release is not deemed incorporated by reference in any filing by MV Oil Trust under the Exchange Act or the Securities Act of 1933[6] - The press release is "furnished" for purposes of General Instruction B.2 of Form 8-K[6] Report Filing and Signatory - The report was signed by Elaina C. Rodgers, Vice President of The Bank of New York Mellon Trust Company, N.A., as Trustee[10] - The report was filed on January 6, 2025[10] Trading Information - MV Oil Trust's units of beneficial interest are traded on the New York Stock Exchange under the symbol MVO[3]