Stock repurchase program
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WEBCO INDUSTRIES, INC. REPORTS FISCAL 2026 FIRST QUARTER RESULTS
Prnewswire· 2025-11-24 22:32
Core Insights - Webco Industries, Inc. reported a net income of $4.8 million for the first quarter of fiscal year 2026, a significant recovery from a net loss of $0.1 million in the same quarter of the previous year [2] - Net sales increased by 13.0% to $159.7 million compared to $141.4 million in the first quarter of fiscal year 2025 [2] - The company experienced a gross profit of $21.0 million, representing 13.2% of net sales, up from $13.6 million or 9.7% of net sales in the prior year [2] Financial Performance - Income from operations for the first quarter of fiscal year 2026 was $7.4 million, compared to $1.1 million in the same quarter of fiscal year 2025 [2][3] - Selling, general and administrative (SG&A) expenses rose to $13.6 million in the first quarter of fiscal year 2026 from $12.6 million in the prior year [2] - Interest expense increased to $1.4 million in the first quarter of fiscal year 2026 from $1.2 million in the same quarter of fiscal year 2025 [3] Capital Expenditures and Investments - Capital expenditures for the first quarter of fiscal year 2026 were $3.5 million, primarily focused on expansion at stainless facilities [3] - As of October 31, 2025, the company had $80.8 million in total cash, short-term investments, and available credit, which is viewed as a competitive advantage [2][3] Stock Repurchase Program - The stock repurchase program was refreshed in September 2023 with a new limit of up to $40 million, set to expire on July 31, 2026 [4] - The company repurchased 3,000 shares in the first quarter of fiscal year 2026 and 167,000 shares in fiscal year 2025 [4] Company Overview - Webco Industries specializes in high-quality carbon steel, stainless steel, and other metal specialty tubing products, serving customers globally [4][5] - The company operates five tube production facilities in Oklahoma and Pennsylvania, along with eight value-added facilities across several states [5]
NUTEX HEALTH REPORTS RESTATED 2024 FINANCIAL RESULTS
Prnewswire· 2025-11-18 23:26
Accessibility StatementSkip Navigation FULL YEAR 2024 HIGHLIGHTS: HOUSTON, Nov. 18, 2025 /PRNewswire/ -- Nutex Health Inc. ("Nutex Health" or the "Company") (NASDAQ: NUTX), today announced restated fourth quarter 2024 and fiscal year 2024 financial results for the twelve months ended December 31, 2024. Nutex Health is a physician-led, integrated healthcare delivery system comprised of 24 state-of-the-art micro hospitals and hospital outpatient departments (HOPDs) in 11 states and primary care-centri ...
Cogent Communications to Resume Stock Repurchase Program
Prnewswire· 2025-11-17 22:20
About CogentCogent Communications (NASDAQ: CCOI) is a multinational, Tier 1 facilities-based ISP. Cogent specializes in providing businesses with high-speed Internet access, Ethernet transport, and colocation services. Cogent's facilities-based, all-optical IP network backbone provides services in 302 markets globally. Cogent is headquartered at 2450 N Street, NW, Washington, D.C. 20037. For more information, visit www.cogentco.com. Cogent can be reached in the United States at (202) 295-4200 or via email a ...
Karat(KRT) - 2025 Q3 - Earnings Call Transcript
2025-11-06 23:00
Financial Data and Key Metrics Changes - Net sales for Q3 2025 were $124.5 million, up 10.4% from $112.8 million in the prior year quarter, driven by a $9.4 million increase in volume and a $3.5 million favorable impact from product mix [9] - Gross margin for Q3 2025 was 34.5%, down from 38.6% in the prior year quarter, negatively impacted by higher import costs [10] - Net income for Q3 2025 was $7.6 million, compared to $9.3 million in the prior year quarter, with a net income margin of 6.1% [12] - Adjusted EBITDA for Q3 2025 was $13.1 million, down from $14.7 million in the prior year quarter, with an adjusted EBITDA margin of 10.5% [12] Business Line Data and Key Metrics Changes - Sales to chain accounts and distributors increased by 13.7%, while online sales rose by 3.1% over the prior year quarter [9] - Sales to the retail channel decreased by 12.5%, reflecting overall retail sector softness [9] Market Data and Key Metrics Changes - The company experienced double-digit growth across all major markets, particularly in Texas and California [4] - Domestic sourcing increased to approximately 20% from about 15% in Q2 2025, while imports from Taiwan decreased to approximately 42% from 58% [4] Company Strategy and Development Direction - The company aims to scale its new paperback business to over $100 million in additional annual revenue over the next two to three years, driven by a shift from plastic to paper products among restaurant chains [6] - A stock repurchase program of up to $15 million was announced, reflecting confidence in future growth prospects [8][14] - The company is focused on maintaining disciplined pricing and enhancing operational efficiencies while integrating new customer accounts [7][8] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing trade volatility but expressed confidence in sustaining growth through effective pricing initiatives and sourcing diversification [4] - The anticipated growth from the new paperback category is expected to be supported by evolving regulations and a focus on customer experience [6] - For Q4 2025, the company expects net sales to increase by approximately 10%-14% over the prior year quarter, with gross margin projected to be within 33%-35% [14] Other Important Information - The company ended Q3 2025 with $91.1 million in working capital and maintained financial liquidity of $34.7 million [13] - The Board of Directors approved a quarterly dividend of $0.45 per share, payable on November 28, 2025 [14] Q&A Session Summary Question: Plans for scaling the paperback business - Management confirmed the aim to scale the paperback business to $100 million over the next two years, driven by chains moving away from plastic [17][19] Question: Confidence in gross margin recovery - Management indicated that while they are being conservative, there are signs of stabilization in currency exchange rates that could improve gross margins [20][22] Question: Capital allocation priorities - Management stated that they are considering stock buybacks while maintaining strong cash flow and are also looking at potential mergers and acquisitions [24][25] Question: Dividend versus buyback considerations - Management clarified that they do not have any debt on their books and are evaluating capital allocation strategies, including potential share repurchases [30][32] Question: Expected margins on new bag business - Management indicated that margins on the new bag business could vary, with higher volume products in the high teens and specialty bags potentially reaching high 50% margins [40]
The Joint Corp. Board of Directors Authorizes an Additional $12 Million for Stock Repurchase Program
Globenewswire· 2025-11-05 12:05
Core Viewpoint - The Joint Corp. has authorized an additional $12 million for its stock repurchase program, emphasizing its commitment to disciplined capital allocation and belief in the undervaluation of its long-term growth potential [1][2]. Company Overview - The Joint Corp. is the largest provider of chiropractic care in the U.S. through The Joint Chiropractic network, with over 950 locations and more than 14 million patient visits annually [3]. - The company operates a retail healthcare business model that eliminates the need for insurance, making chiropractic care more accessible and affordable [3]. - The Joint Corp. has received multiple accolades, including being named "No. 1 in Chiropractic Services" by Entrepreneur and consistently ranking in Franchise Times' annual lists [3]. Business Structure - The Joint Corp. functions as both a franchisor and operator of clinics in various states, providing management services to affiliated chiropractic practices [4].
SEI Increases Stock Share Repurchase Program by $650 Million
Prnewswire· 2025-10-24 20:25
Core Insights - SEI Investments Company has approved an increase in its stock repurchase program by an additional $650 million, raising the total authorization to approximately $773.2 million, which includes $123.2 million remaining as of October 20, 2025 [1] Company Overview - SEI (NASDAQ: SEIC) is a prominent global provider of financial technology, operations, and asset management services within the financial services industry, managing, advising, or administering approximately $1.8 trillion in assets as of September 30, 2025 [2]
CTO Realty Growth Completes $5 Million Share Repurchase Program and Board Approves New $10 Million Authorization
Globenewswire· 2025-09-24 11:02
Core Viewpoint - CTO Realty Growth, Inc. has announced a new $10 million common stock repurchase program, following the completion of a previous $5 million program where approximately $4.3 million was repurchased in the last 60 days [1][2]. Group 1: Stock Repurchase Program - The new stock repurchase plan allows CTO to buy up to $10 million of its common stock through various methods, including open market transactions and block purchases, subject to market conditions [2]. - The previous stock repurchase program was concluded with approximately $4.3 million of common stock repurchased [1]. Group 2: Company Overview - CTO Realty Growth, Inc. specializes in owning and operating high-quality, open-air shopping centers in the Southeast and Southwest markets of the United States [3]. - The company also manages and holds a significant interest in Alpine Income Property Trust, Inc. [3].
SUI Group Announces Completion of Existing $2 Million Stock Repurchase Program and Subsequent Authorization of New $50 Million Program
Businesswire· 2025-09-12 20:05
Core Viewpoint - SUI Group Holdings Limited has completed a $2 million stock repurchase program and announced a new program to repurchase up to $50 million of its common stock [1] Group 1 - The company is the only publicly traded entity with an official relationship with the Sui Foundation [1] - The completion of the previous stock repurchase program indicates the company's commitment to returning value to shareholders [1] - The newly authorized stock repurchase program reflects the company's confidence in its financial position and future prospects [1]
Slide Announces $75 Million Stock Repurchase Program
Globenewswire· 2025-08-27 12:00
Core Viewpoint - Slide Insurance Holdings, Inc. has authorized a stock repurchase program of up to $75 million, reflecting confidence in its strategic direction and financial health [1][2]. Company Overview - Slide is a technology-enabled insurance company focused on optimizing the insurance process for homeowners using artificial intelligence and big data [5]. Financial Position - The company has a robust balance sheet following its recent IPO and has reported better than expected net margins, indicating a strong capital position [2]. - The stock repurchase program is intended to enhance return on equity and build long-term value for shareholders [2]. Stock Repurchase Program Details - The repurchase may occur in the open market or through privately negotiated transactions, with management determining the timing and amount based on various factors [2]. - The program is flexible, allowing for modifications or suspension at any time without prior notice [2].
Bogota Financial Corp. Adopts and Receives Regulatory Approval of Sixth Repurchase Program
Globenewswire· 2025-08-12 13:00
Core Viewpoint - Bogota Financial Corp. has received regulatory approval for a stock repurchase program to buy back up to 237,590 shares, representing approximately 5% of its outstanding common stock [1] Group 1: Stock Repurchase Program - The repurchase program is the sixth initiated by the Company [1] - Shares may be repurchased through open market or private transactions, or under a trading plan compliant with SEC Rule 10b5-1 [2] - The program has no expiration date and can be suspended, terminated, or modified at any time [3] - There is no obligation for the Company to repurchase a specific number of shares, and the timing and amount will depend on various factors including market conditions and the Company's financial performance [3] Group 2: Company Overview - Bogota Financial Corp. is a Maryland corporation and the mid-tier holding company for Bogota Savings Bank, which has been serving customers in New Jersey since 1893 [4] - The Bank operates seven offices in New Jersey and has a loan production office in Spring Lake [4]