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IZEA Announces Final Results of its Modified Dutch Auction Tender Offer
Globenewswire· 2025-06-18 13:00
ORLANDO, Fla., June 18, 2025 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), a leading influencer marketing company that makes Creator Economy solutions for marketers, announced today the preliminary results of its modified “Dutch auction” tender offer (the “Offer”) to repurchase up to 8,700,000 of its common stock at a price of $2.80 per share (the "Purchase Price"), less any applicable withholding taxes and without interest, using cash on hand. The Offer expired at 5:00 P.M., Eastern time, on Jun ...
ACNB Corporation Announces Common Stock Repurchase Program
Globenewswire· 2025-06-18 13:00
ACNB #2025-11 June 18, 2025 Contact: Kevin J. Hayes SVP/General Counsel, Secretary & Chief Governance Officer 717.339.5161 khayes@acnb.com FORWARD-LOOKING STATEMENTS - In addition to historical information, this press release may contain forward-looking statements. Examples of forward-looking statements include, but are not limited to, (a) projections or statements regarding future earnings, expenses, net interest income, other income, earnings or loss per share, asset mix and quality, growth prospects, cap ...
Mortgage Rates Declining: How to Approach AGNC Investment Stock Now?
ZACKS· 2025-06-17 15:31
Key Takeaways Mortgage rate declines and Fed cuts are boosting AGNC's loan demand and reducing funding costs. AGNC offers a 15.43% dividend yield and has a $1B stock repurchase plan active through 2026. Despite gains and MBS strength, AGNC trades at a premium valuation versus industry and peers.AGNC Investment Inc.'s (AGNC) performance and prospects are significantly influenced by mortgage rates. Mortgage rates have been witnessing a decline lately. Per a Freddie Mac report, the average rate on a 30-year ...
Franklin Electric Announces Repurchase of Company Shares
Globenewswire· 2025-06-13 20:15
Core Points - Franklin Electric Co., Inc. has successfully completed a stock purchase transaction involving 1,200,000 shares at a price of $86.78 per share, reflecting the volume-weighted average price over the preceding five trading days [1] - The transaction was made to provide liquidity for the estate of Patricia Schaefer, who recently passed away, and demonstrates the company's confidence in its financial health and future prospects [2] - The Board of Directors has approved an increase in the company's share repurchase authorization by 1,200,000 shares, allowing for a total of 1,126,635 shares to be repurchased post-transaction [2] Company Overview - Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy, serving various sectors including residential, commercial, agricultural, industrial, municipal, and fueling applications [3] - The company has received recognition in multiple categories, including Newsweek's lists of America's Most Responsible Companies 2024 and Greenest Companies 2025, as well as being named one of the Best Places to Work in Indiana 2024 [3]
Etsy Announces Pricing of $650 Million of Convertible Senior Notes Offering
Prnewswire· 2025-06-12 10:30
Core Viewpoint - Etsy, Inc. has announced the pricing of $650 million in convertible senior notes due 2030, with an option for initial purchasers to buy an additional $50 million, aimed at raising capital for share repurchases and general corporate purposes [1][5]. Group 1: Notes Details - The notes will have a 1.00% annual interest rate, maturing on June 15, 2030, and will be convertible into cash, shares, or a combination at Etsy's discretion [2]. - The initial conversion rate is set at 11.6570 shares per $1,000 principal amount, translating to an initial conversion price of approximately $85.79 per share, which is a 42.5% premium over the last reported sale price on June 11, 2025 [2]. - Etsy can redeem the notes for cash starting June 20, 2028, if the stock price meets certain conditions [3]. Group 2: Use of Proceeds - Etsy estimates net proceeds from the offering to be approximately $639.3 million, or $688.5 million if the additional notes option is fully exercised, with $150 million allocated for share repurchases and the remainder for general corporate purposes [5][7]. - Concurrently, Etsy plans to repurchase shares at a price of $60.20, which was the last reported sale price on June 11, 2025 [7]. Group 3: Company Overview - Etsy operates two-sided online marketplaces connecting buyers and sellers globally, with a mission to "Keep Commerce Human" [9]. - The company also owns the fashion resale marketplace Depop, benefiting from shared expertise across its platforms [10].
Reliance Stock Rises 13% in 3 Months: What's Driving the Rally?
ZACKS· 2025-06-11 15:51
Core Insights - Reliance, Inc. (RS) shares have increased by 12.7% over the past three months, outperforming the Zacks Mining-Miscellaneous industry's 9.6% rise and the S&P 500's approximately 7.4% increase during the same period [1] Group 1: Financial Performance - RS's shipment levels rose by around 9% year over year and 5.6% on a same-store basis, driven by organic growth and strong domestic mill relationships [3][8] - The company experienced an expansion in gross margins in the first quarter of 2025, supported by pricing improvements in the trade environment [3][8] - RS declared a 9.1% increase in its regular quarterly dividend, marking the 32nd increase since its 1994 IPO [6][8] - In the first quarter, RS repurchased 922,656 shares for a total of $253.2 million, ending the quarter with cash flow from operations of $64.5 million and cash and cash equivalents of $277.8 million, highlighting its financial flexibility [6] Group 2: Market Demand and Outlook - The non-residential construction sector, RS's largest end market, performed well, with expectations to maintain momentum due to ongoing new construction projects across various sectors [4] - The company anticipates stable demand across its diversified end markets in the second quarter, expecting tons sold to increase by 3-5% compared to the year-ago quarter [5]
PVH's Q1 Earnings Surpass Estimates, Stock Down on Slased FY25 View
ZACKS· 2025-06-05 16:01
Key Takeaways PVH Corp. delivered solid Q1 FY25 results driven by strong brand and regional performance. The company lowered its FY25 adjusted operating margin and EPS guidance due to the tariff impacts. PVH continues to manage headwinds while leveraging brand strength across key international markets.PVH Corporation (PVH) reported better-than-expected results in the first quarter of fiscal 2025, wherein both earnings and revenues topped the Zacks Consensus Estimate. However, the bottom line fell year ove ...
The Joint Corp. Announces $5 Million Stock Repurchase Program
Globenewswire· 2025-06-05 11:05
Core Viewpoint - The Joint Corp. has announced a stock repurchase program of up to $5 million, reflecting the board's confidence in the company's long-term strategy and projected cash flow generation [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]. Stock Repurchase Program Details - The stock repurchase program is set to begin in August 2025 and will have a termination date of June 3, 2027. The program allows for repurchases through various means, subject to market conditions [2]. - The finance committee of the board will determine the timing, number, and amount of repurchases at its discretion [2].
Western New England Bancorp, Inc. Announces Completion of 2024 Repurchase Plan
Globenewswire· 2025-06-03 20:30
WESTFIELD, Mass., June 03, 2025 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced that on May 30, 2025, the Company completed all repurchases under its existing stock repurchase plan (the “2024 Repurchase Plan”) at an average price per share of $8.79. The 2024 Repurchase Plan authorized the Company to repurchase a total of 1.0 million shares of the Company’s common stock, or approximately 4.6% of t ...
Standard Premium Finance Holdings Positioned as Safe Haven Amid Rising Tariff Pressures
Globenewswire· 2025-06-03 14:02
MIAMI, June 03, 2025 (GLOBE NEWSWIRE) -- Standard Premium Finance Holdings, Inc. (OTCQX: SPFX) (Standard Premium), a leading specialty finance company, today reaffirmed its position as a stable, growth-oriented domestic investment option amid rising global trade tensions and tariff-related market volatility. The Company’s U.S.-focused business model remains shielded from international trade risks, supporting continued growth performance and resilience. “Standard Premium operations are entirely domestic, hig ...