Category Industries
Press Release
IBC Advanced Alloys’ Record-Setting Shipments Power the Company to Profitability
Company Sets Several Financial Performance Records in FY 2024 as it Now Focuses on Expanding its Copper Alloys Business Highlights of the Quarter and Year Ended June 30, 2024 (Unless otherwise noted, all financial amounts in this news release are expressed in U.S. dollars) For this period only, IBC is reporting the performance of "discontinued operations" at its Massachusetts facility, "continuing operations" at its Copper Alloy division, and a combination of continued and discontinued operations.[1] IBC combined sales1 increased 50.9% and 33.4% year-over-year ("Y/Y") for the quarter and year, respectively, on higher product demand. Continuing operations1 at the Copper Alloys division generated $7.0 million in the quarter, a 28.7% Y/Y increase, and $25.7 million for the year, 19.3% Y/Y increase and a new sales record for the division. IBC combined operating income1 of $2.3 million and $5.6 million in the quarter and year, respectively, showed marked improvement over prior-year period figures. IBC combined adjusted earnings before interest, taxes, depreciation, and amortization ("Adjusted EBITDA")1 of $2.9 million for the quarter and $7.4 million for the year, reversing comparative period losses. IBC combined gross margin1 of 33.9% in the quarter, and 29.0% for the year, also reflect stronger performance than the prior-year periods and a favorable inventory adjustment in the quarterly result. IBC combinednet income1 of $559,000 ($0.01 per share), and $1.7 million ($0.02 per share), for the quarter and year, respectively. IBC's working capital improved by $5.6 million in FY2024 over the prior year. Read More
Press Release
Athena Gold Closes $600,000 in First Tranche of Previously Announced Private Placement
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Athena Sets Sights on Gold Exploration in Nevada and Ontario Read More
Press Release
Central Wellness Offers Latest CoolSculpting® Elite Fat Reduction and Body Contouring Service
New technology, expert and experienced staff, and a unique results guarantee make Central Wellness Medical and Aesthetic the CoolSculpting Billings, Montana, destination for the non-surgical, non-invasive procedure. Read More
Press Release
MelliCell Awarded SEED Grant with Mass General Brigham to Propel Innovation in Diabetes and Obesity
Biotech MelliCell Secures Prestigious NIH/NIDDK SEED Funding Grant, Bolstering Innovation in Adipocyte-Based Therapies for Chronic Disease in Collaboration with Mass General Brigham's Biomedical Research Experts Read More
Press Release
CBD Life Sciences Inc. (CBDL) Positioned for Significant Growth Amid Nationwide Marijuana Legalization Push
With the potential for explosive profits in a $70 billion industry, CBDL's innovative product line and strategic market positioning stand ready to deliver unparalleled returns for shareholders, making this a true game changer in the Hemp market. Read More
Press Release
Sozio, Inc. Announces Bertrand Lemont as Chief Executive Officer
Sozio, Inc., a global leader and pioneer in French fine perfumery, is proud to announce the appointment of Bertrand Lemont as its Chief Executive Officer, effective November 1, 2024. Lemont is a highly respected figure in the luxury and consumer goods industries, with a proven track record of transformative leadership and a strong commitment to values-driven decision-making. Read More
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