Record first quarter sales and margin performance EBX expected to drive improved full year margins Strengthened balance sheet with successful bond offering Completed acquisition of Sager S. A. and announced agreement to acquire SUMIG Ltda NORTH BETHESDA, Md.–(BUSINESS WIRE)–$ESAB #ESABCorporation–ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused premier industrial compounder, today announced financial […]
STAFFORD, Texas–(BUSINESS WIRE)–Microvast Holdings, Inc. (NASDAQ: MVST), (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, will issue a press release reporting its consolidated financial results for the first quarter of 2024 after market close on Thursday, May 9, 2024. Following the earnings press release, Microvast management will host […]
GREENEVILLE, Tenn.–(BUSINESS WIRE)–Forward Air Corporation (NASDAQ:FWRD) (the “Company”) announced that it granted equity awards on April 29, 2024 as a material inducement to employment of the newly-hired Chief Executive Officer, Shawn Stewart. As previously disclosed, the Company and Mr. Stewart entered into an employment agreement in connection with Mr. Stewart’s appointment as Chief Executive Officer. […]
AUSTIN, Texas–(BUSINESS WIRE)–Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a developer of sustainable electricity-producing technology, today reported its first-quarter 2024 financial results. Key Business Highlights Announced that H2 Energy Group has executed a letter of intent to purchase up to 10 KARNO generator units that will operate on hydrogen rich syngas produced from sustainable processes Announced […]
WILMINGTON, Del.–(BUSINESS WIRE)–$CC–The Chemours Company (“Chemours” or “the Company”) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies (“TT”), Thermal & Specialized Solutions (“TSS”), and Advanced Performance Materials (“APM”), today announced its financial results for the first quarter 2024. Key First Quarter 2024 Results Net Sales of $1.4 billion, down 12% […]
LEMONT, Ill.–(BUSINESS WIRE)–The U.S. Department of Energy’s (DOE) Argonne National Laboratory has recently launched a collaboration with Toyota Motor North America that could reduce the nation’s reliance on foreign sources of battery materials. Argonne, Toyota Research Institute of North America, and Toyota’s Battery Lifecycle Solutions group are exploring an innovative approach to recycling battery components. […]
First Quarter 2024 Highlights (all metrics compared to first quarter 2023) Total revenues of $769.1 million, down 8% Operating income of $15.6 million, down 71%; non-GAAP adjusted operating income of $18.6 million, down 68% Operating margin of 2.0%, down 440 basis points; non-GAAP adjusted operating margin of 2.4%, down 450 basis points Diluted EPS of […]