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IGM FINANCIAL INC. ANNOUNCES JANUARY 2023 ASSETS UNDER MANAGEMENT & ADVISEMENT AND NET FLOWS

WINNIPEG, MB, Feb. 3, 2023 /CNW/ - IGM Financial Inc. (IGM) (TSX:IGM) today reported preliminary total consolidated net outflows of $175 million during January 2023 as shown in Table 1. Total assets under management and advisement were $259.5 billion at January 31, 2023, compared with $249.4 billion at December 31, 2022, and $270.7 billion at January 31, 2022. Assets under management and advisement are shown in Table 2.   JANUARY HIGHLIGHTSIGM Financial – Assets under management & advisement of $259.5 billion were up 4.0% in the month. Total net outflows were $175 million compared to net inflows of $1.1 billion in January 2022. Investment fund net redemptions were $422 million compared to net sales of $1.2 billion in January 2022.  IG Wealth Management – Assets under advisement of $115.4 billion were up 4.1% in the month. Total net inflows were $30 million compared to net inflows of $326 million in January 2022. Mackenzie – Assets under management of $193.8 billion were up 3.8% in the month. Total net outflows were $239 million compared to net inflows of $741 million in January 2022. Investment fund net redemptions were $229 million compared to net sales of $818 million in January 2022.  Table 1 - Gross and Net Flows  Please see www.igmfinancial.com for file with trended history. Wealth Management Asset Management ($ millions) (unaudited)  IG Wealth Management Investment Planning Counsel Total Mackenzie IGM Financial For the month ended January 31, 2023 Net flows  Mutual fund net sales (171.7) (21.7) (193.4) (61.7) (255.1) ETF net creations - - - (167.0) (1) (167.0) Investment fund net sales (171.7) (21.7) (193.4) (228.7) (422.1) Institutional SMA net sales - - - (10.0) (2) (10.0) Managed asset net sales (171.7) (21.7) (193.4) (238.7) (432.1) Mackenzie Investment fund net sales 1.6 (4.7) (3.1) (3) IGM Product net sales (170.1) (26.4) (196.5) Other net flows 199.7 57.6 257.4 257.4.....»»

Category: earningsSource: BENZINGA1 hr. 10 min. ago Related News

United States Lime & Minerals Reports Fourth Quarter and Full Year 2022 Results and Declares Regular Quarterly Cash Dividend

DALLAS, Feb. 03, 2023 (GLOBE NEWSWIRE) -- United States Lime & Minerals, Inc. (NASDAQ:USLM) today reported fourth quarter and full year 2022 results: The Company's revenues in the fourth quarter 2022 were $58.3 million, compared to $46.1 million in the fourth quarter 2021, an increase of $12.2 million, or 26.4%. For the full year 2022, the Company's revenues were $236.2 million, compared to $189.3 million in the full year 2021, an increase of $46.9 million, or 24.8%. Lime and limestone revenues were $57.8 million in the fourth quarter 2022, compared to $45.5 million in the fourth quarter 2021, an increase of $12.3 million, or 27.0%. For the full year 2022, lime and limestone revenues were $233.4 million, compared to $187.4 million in the full year 2021, an increase of $46.1 million, or 24.6%. The increase in revenues in the fourth quarter 2022, compared to the fourth quarter 2021, resulted primarily from increased sales volumes of the Company's lime and limestone products, principally due to increased demand from the Company's construction, industrial, and oil and gas services customers, as well as an increase in the average selling prices for the Company's lime and limestone products.   The increase in revenues in the full year 2022, compared to the full year 2021, resulted primarily from increased sales volumes of the Company's lime and limestone products, principally due to increased demand from the Company's construction, oil and gas services, and steel customers, and an increase in the average selling prices for the Company's lime and limestone products. The Company's gross profit was $16.8 million in the fourth quarter 2022, compared to $13.3 million in the fourth quarter 2021, an increase of $3.5 million, or 26.2%. Gross profit in the full year 2022 was $70.3 million, compared to $59.3 million in the full year 2021, an increase of $11.1 million, or 18.7%.   The Company's lime and limestone gross profit was $16.6 million in the fourth quarter 2022, compared to $13.0 million in the fourth quarter 2021, an increase of $3.6 million, or 27.6%. The Company's lime and limestone gross profit for the full year 2022 was $69.0 million, compared to $58.7 million in the full year 2021, an increase of $10.3 million, or 17.6%. The increases in lime and limestone gross profit in the fourth quarter and full year 2022, compared to the comparable 2021 periods, resulted primarily from the increased revenues discussed above, partially offset by increased production costs, principally from higher transportation, energy, labor, and supplies costs. Selling, general and administrative ("SG&A") expenses were $4.5 million in the fourth quarter 2022, compared to $3.7 million in the fourth quarter 2021, an increase of $0.9 million, or 23.4%. SG&A expenses were $15.6 million for the full year 2022, compared to $12.8 million in the full year 2021, an increase of $2.7 million, or 21.1%. The increases in SG&A expenses in the 2022 periods, compared to the comparable 2021 periods, were primarily due to increased personnel expenses. The Company reported net income of $10.8 million ($1.90 per share diluted) and $45.4 million ($8.00 per share diluted) in the fourth quarter and full year 2022, respectively, compared to $7.6 million ($1.34 per share diluted) and $37.0 million ($6.54 per share diluted) in the fourth quarter and full year 2021, respectively, reflecting increases of $3.2 million, or 41.8%, and $8.4 million, or 22.6%, respectively. "We are pleased with our performance in the fourth quarter and the year. We addressed the year's inflationary and supply chain challenges by working closely with our valued customers and suppliers and implementing efficiencies in our lime and limestone operations," said Timothy W. Byrne, President and Chief Executive Officer. Dividend The Company announced today that the Board of Directors has declared a regular quarterly cash dividend of $0.20 per share on the Company's common stock. This dividend is payable on March 17, 2023 to shareholders of record at the close of business on February 24, 2023. United States Lime & Minerals, Inc., a NASDAQ-listed public company with headquarters in Dallas, Texas, is a manufacturer of lime and limestone products, supplying primarily the construction (including highway, road and building contractors), industrial (including paper and glass manufacturers), metals (including steel producers), environmental (including municipal sanitation and water treatment facilities and flue gas treatment processes), roof shingle manufacturers, agriculture (including poultry and cattle feed producers), and oil and gas services industries. The Company operates lime and limestone plants and distribution facilities in Arkansas, Colorado, Louisiana, Missouri, Oklahoma and Texas through its wholly owned subsidiaries, Arkansas Lime Company, ART Quarry TRS LLC (DBA Carthage Crushed Limestone), Colorado Lime Company, Mill Creek Dolomite, LLC, Texas Lime Company, U.S. Lime Company, U.S. Lime Company – Shreveport, U.S. Lime Company – St. Clair, and U.S. Lime Company – Transportation. In addition, the Company, through its wholly owned subsidiary, U.S. Lime Company – O & G, LLC, has royalty and non-operating working interests pursuant to an oil and gas lease and a drillsite agreement on its Johnson County, Texas property, located in the Barnett Shale Formation. Any statements contained in this news release, including, but not limited to, statements relating to the impact of increasing costs and supply chain issues, that are not statements of historical fact are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company undertakes no obligation to publicly update or revise any forward-looking statements, and investors are cautioned that such statements involve risks and uncertainties that could cause actual results to differ materially from expectations, including without limitation those risks and uncertainties indicated from time to time in the Company's filings with the Securities and Exchange Commission. (Tables Follow)United States Lime & Minerals, Inc.CONDENSED CONSOLIDATED FINANCIAL DATA(In thousands, except per share amounts)(Unaudited)                                 Three Months Ended   Year Ended       December 31,   December 31,          2022        2021        2022        2021     INCOME STATEMENTS                                                       Revenues   $ 58,292     $ 46,108     $ 236,150     $ 189,255     Cost of revenues     41,488       32,789       165,808       129,995     Gross profit   $ 16,804     $ 13,319.....»»

Category: earningsSource: BENZINGA4 hr. 42 min. ago Related News

Technical Communications Corporation Reports Results for the Fiscal Quarter Ended December 24, 2022

CONCORD, Mass., Feb. 03, 2023 (GLOBE NEWSWIRE) -- Technical Communications Corporation (OTCQB:TCCO) today announced its results for the fiscal quarter ended December 24, 2022. For the quarter ended December 24, 2022, the Company reported a net loss of $(849,000), or $(0.46) per share, on revenue of $122,000, compared to a net loss of $(613,000), or $(0.33) per share, on revenue of $423,000 for the quarter ended December 25, 2021. Carl H. Guild Jr., President and CEO of Technical Communications Corporation, commented, "The impact of  the COVID pandemic has not resolved and continues to have negative effects on the financial condition of the Company. We continue to work closely with our customers in order to be able to move quickly once they are in a position to place orders. TCC continues to closely monitor expenses and is actively pursuing additional sources of liquidity." About Technical Communications Corporation For over 50 years, TCC has specialized in superior-grade secure communications systems and customized solutions, supporting our CipherONE® best-in-class criteria, to protect highly sensitive voice, data and video transmitted over a wide range of networks. Government entities, military agencies and corporate enterprises in over 115 countries have selected TCC's proven security to protect their communications. Learn more: www.tccsecure.com. Statements made in this press release or as may otherwise be incorporated by reference herein that are not purely historical constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include but are not limited to statements regarding anticipated operating results, future earnings, and the ability to achieve growth and profitability. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, including but not limited to the impact of the COVID-19 pandemic (including on customers) and governmental responses thereto; the effect of domestic and foreign political unrest; domestic and foreign government policies and economic conditions; changes in export laws or regulations; changes in technology; the ability to hire, retain and motivate technical, management and sales personnel; the risks associated with the technical feasibility and market acceptance of new products; changes in telecommunications protocols; the effects of changing costs, exchange rates and interest rates; and the Company's ability to secure adequate capital resources. Such risks, uncertainties and other factors could cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. For a more detailed discussion of the risks facing the Company, see the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended September 24, 2022 and the "Risk Factors" section included therein. Technical Communications Corporation Condensed consolidated statements of operations   Quarter Ended   12/24/2022 12/25/2021   (Unaudited)  (Unaudited) Net revenue $     122,000 $   423,000 Gross profit (loss) (27,000) 67,000 S, G & A expense 484,000 562,000 Product development costs 277,000 101,000 Operating loss (788,000) (596,000) Interest expense.....»»

Category: earningsSource: BENZINGA4 hr. 42 min. ago Related News

Earnings Outlook For Surmodics

Surmodics (NASDAQ:SRDX) is set to give its latest quarterly earnings report on Monday, 2023-02-06. Here's what investors need to know before the announcement. Analysts estimate that Surmodics will report an earnings per share (EPS) of $-0.66. Surmodics bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGA7 hr. 10 min. ago Related News

Earnings Outlook For Alpha & Omega

Alpha & Omega (NASDAQ:AOSL) is set to give its latest quarterly earnings report on Monday, 2023-02-06. Here's what investors need to know before the announcement. Analysts estimate that Alpha & Omega will report an earnings per share (EPS) of $0.88. Alpha & Omega bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGA7 hr. 10 min. ago Related News

Earnings Preview: PetMed Express

PetMed Express (NASDAQ:PETS) is set to give its latest quarterly earnings report on Monday, 2023-02-06. Here's what investors need to know before the announcement. Analysts estimate that PetMed Express will report an earnings per share (EPS) of $0.20. PetMed Express bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGA7 hr. 10 min. ago Related News

Earnings Outlook For Varonis Systems

Varonis Systems (NASDAQ:VRNS) is set to give its latest quarterly earnings report on Monday, 2023-02-06. Here's what investors need to know before the announcement. Analysts estimate that Varonis Systems will report an earnings per share (EPS) of $0.17. Varonis Systems bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGA7 hr. 10 min. ago Related News

Intapp"s Earnings: A Preview

Intapp (NASDAQ:INTA) is set to give its latest quarterly earnings report on Monday, 2023-02-06. Here's what investors need to know before the announcement. Analysts estimate that Intapp will report an earnings per share (EPS) of $-0.03. Intapp bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGA7 hr. 10 min. ago Related News

Earnings Preview For Flexsteel Industries

Flexsteel Industries (NASDAQ:FLXS) is set to give its latest quarterly earnings report on Monday, 2023-02-06. Here's what investors need to know before the announcement. Analysts estimate that Flexsteel Industries will report an earnings per share (EPS) of $0.03. Flexsteel Industries bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGA7 hr. 10 min. ago Related News

Earnings Preview For Enact Holdings

Enact Holdings (NASDAQ:ACT) is set to give its latest quarterly earnings report on Monday, 2023-02-06. Here's what investors need to know before the announcement. Analysts estimate that Enact Holdings will report an earnings per share (EPS) of $0.84. Enact Holdings bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGA7 hr. 10 min. ago Related News

Earnings Preview For Gladstone Capital

Gladstone Capital (NASDAQ:GLAD) is set to give its latest quarterly earnings report on Monday, 2023-02-06. Here's what investors need to know before the announcement. Analysts estimate that Gladstone Capital will report an earnings per share (EPS) of $0.23. Gladstone Capital bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGA7 hr. 10 min. ago Related News

A Preview Of BellRing Brands"s Earnings

BellRing Brands (NYSE:BRBR) is set to give its latest quarterly earnings report on Monday, 2023-02-06. Here's what investors need to know before the announcement. Analysts estimate that BellRing Brands will report an earnings per share (EPS) of $0.27. BellRing Brands bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGA7 hr. 10 min. ago Related News

What"s Happening With Canada Goose Stock Popping Off During Friday"s Session?

Canada Goose Holdings Inc (NASDAQ:GOOS) shares are trading higher by 13.24% to $21.29 Friday afternoon. Shares of the luxury winter clothing manufacturer are reversing higher following Thursday's marked weakness. The company Thursday morning reported third-quarter EPS and sales results were down year-over-year. The company also cut FY23 total revenue guidance. What Happened? Canada Goose reported third-quarter EPS of C$1.28, which is down from C$1.40 year-over-year. The company also reported third-quarter revenue of C$576.7 million, down from C$586.1 million year-over-year. Canada Goose reported an ending third-quarter inventory of C$482 million, which is an increase from inventories of C$368.1 ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGA7 hr. 10 min. ago Related News

YouTube Touts $8B In Ad-Revenue For Q4, But Did It Beat Netflix? Here"s The Latest

Indeed, Netflix Inc (NASDAQ: NFLX) is a subscription-model-revenue-generating giant producing conventional big-screen content. So is YouTube-parent company Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), which laps up billions in advertising revenue each quarter. In fact, YouTube topped Netflix in terms of quarterly revenue. The Google-owned video platform delivering $7.96 billion in ad-revenue in the fourth quarter, while Netflix delivered $7.85 billion during the same time frame. See Also: Apple Earnings 'Not A Slam Dunk' - 4 Analyst Takes On Tech Giant's Mixed ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGA7 hr. 10 min. ago Related News

Why Twist Bioscience Stock Is Plunging Today

Shares of Twist Bioscience Corp (NASDAQ: TWST) fell after the firm issued fiscal second-quarter revenue guidance that fell below the consensus Wall Street estimate. For Q1 FY23, Twist posted a 29% increase in sales to $54.2 million, almost in line with the consensus of ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGA7 hr. 10 min. ago Related News

Millicom (Tigo) notice of fourth quarter and annual 2022 results and video conference

Millicom (Tigo) notice of fourth quarter and annual 2022 results and video conference Luxembourg, February 3, 2023 – Millicom expects to announce its fourth quarter and annual 2022 results on February 10, 2023 via a press release. Millicom is planning to host a video conference for the global financial community on February 10, 2023 at 14:00 (Stockholm) / 13:00 (London) / 08:00 (Miami). Registration for the interactive event is required at the following link. After registering, you will receive a confirmation email containing details about joining the video conference. Participants who wish to ask a question during the live event must notify the Investor Relations team via email to investors@millicom.com after the start of the event. Participants may also join the conference in listen-only mode by dialing any of the following numbers and entering the Webinar ID: 869 5270 7171:.....»»

Category: earningsSource: BENZINGA7 hr. 10 min. ago Related News

Dow Drops Over 150 Points; US economy Adds 517,000 Jobs In January

U.S. stocks traded lower, with the Dow Jones dropping over 150 points on Friday. The Dow traded down 0.51% to 33,881.69 while the NASDAQ fell 1.32% to 12,039.79. The S&P 500 also fell, dropping, 0.98% to 4,138.89. Check This Out: Check Out 3 High-Yielding Dividend Stocks In Industrials Sector From Benzinga's Most Accurate Analysts   Leading and Lagging Sectors Energy shares slipped by just 0.1% on Friday. Meanwhile, top gainers in the sector included TORM plc (NASDAQ: TRMD), up 6%, and NGL Energy Partners LP (NYSE: NGL), up 6%. In trading on Friday, real estate shares dipped by 3%.   Top Headline The US economy unexpectedly added 517,000 jobs in January, the most since July, while the unemployment rate declined to 3.4% in January.   Equities Trading UP ReShape Lifesciences Inc. (NASDAQ: RSLS) shares shot up 122.2% to $14.00 after the company filed ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGA7 hr. 10 min. ago Related News

Skanska year-end report, January-December 2022

STOCKHOLM, Feb. 3, 2023 /PRNewswire/ --  Highlights according to segment reporting: Revenue for the quarter amounted to SEK 40.4 billion (44.4); adjusted for currency effects, revenue decreased 19 percent. For the full year, revenue amounted to SEK 161.6 billion (147.6); adjusted for currency effects, revenue was unchanged. Operating income amounted to SEK 3.5 billion (3.6); adjusted for currency effects, operating income decreased 8 percent. For the full year, operating income amounted to SEK 9.3 billion (9.8); adjusted for currency effects, operating income decreased 11 percent. Earnings per share amounted to SEK 7.28 (7.45) for the period, and SEK 18.62 (19.80) for the full year. The Board of Directors proposes a dividend of SEK 7.50 (7.00+3.00) per share. Operating cash flow from operations amounted to SEK -2.1 billion (2.5) for the period, and SEK -2.3 billion (4.2) for the full year, according to IFRS. Adjusted interest-bearing net receivables(+)/net debt(-) totaled ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGA19 hr. 54 min. ago Related News

Tesla, Amazon, Apple, Alphabet, Gaucho Group: Why These Five Stocks Are Drawing Investors" Attention Today?

U.S. markets surged on Thursday led by upbeat earnings posted by Meta Platforms Inc (NASDAQ: META). Part of the rally could also be attributed to lower bond yields. The Nasdaq Composite Index closed 3.25% lower while the S&P 500 ended Thursday’s session 1.47% higher. The Dow Jones closed marginally in the red. Following are the five stocks that are drawing investors’ attention: 1. Tesla Inc (NASDAQ: TSLA): Shares of Tesla closed 3.78% higher but lost 1.9% in extended trading. The company is soon expected to announce an investment in Mexico, reported Bloomberg. The EV-maker is planning to set up an assembly plant near a new Mexico City airport, which would function as an export hub for the company, ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGAFeb 2nd, 2023Related News

Big Tech Calls From Apple, Amazon, Alphabet Paint "Different Picture" Than What Tech Bears Hoped For Says, Wedbush Analyst

Wedbush analyst Dan Ives said Thursday that calls from Apple Inc (NASDAQ: AAPL), Amazon.com, Inc (NASDAQ: AMZN) and Google parent Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) are painting a different “picture of demand” than what tech bears conceived.  What Happened: Ives said on Twitter, “Big Tech calls from Apple, Amazon, and Alphabet painting a much different picture of demand environment than the tech bears were hoping for.” Big Tech calls from Apple, Amazon, and Alphabet painting a much different picture of demand environment than the tech bears were hoping for. Caution in the air BUT sounds more like soft landing backdrop. Many yelling fire into a crowded theater-tech eps season better than feared — Dan Ives (@DivesTech) February 2, 2023 “Caution in the air BUT sounds more like soft landing backdrop. Many yelling fire into a crowded theater-tech eps season better than feared,” said the Wedbush analyst. Ives said in an earlier ...Full story available on Benzinga.com.....»»

Category: earningsSource: BENZINGAFeb 2nd, 2023Related News