EOG Resources, Inc. has announced its first quarter 2024 results, highlighting a strong start to the year with production exceeding targets and lower-than-planned per-unit cash operating costs. Ezra Yacob, Chairman and Chief Executive Officer of EOG, expressed satisfaction with the company's performance, stating, "EOG is off to a great start this year, delivering strong first quarter results."Yacob attributed the consistent strong execution quarter after quarter to the quality and depth of EOG's multi-basin portfolio and the dedication of employees across operating areas....
MECHANICSBURG, Pa., May 2, 2024 /PRNewswire/ -- Select Medical Holdings Corporation ("Select Medical") released its financial results for the first quarter ended March 31, 2024. The company reported significant growth in various key financial metrics. According to the announcement, revenue for the first quarter increased by 7.4%, reaching $1,788.8 million, marking a positive trend compared to the same quarter in the previous year.Income from operations also saw a substantial increase of 28.1%, totaling $194.0 million for the first quarter of 2024. Net income showed a...
MasTec, Inc. announced its first quarter 2024 financial results and updated guidance expectations for the full year, reflecting a positive outlook for the company's performance. The first quarter of 2024 saw a 4% increase in revenue to $2.69 billion, marking a record high for the quarter. Despite a GAAP net loss of $34.5 million, the adjusted net loss and adjusted diluted loss per share showed improvements compared to the previous year.Commenting on the results, Jose Mas, MasTec's Chief Executive Officer, expressed optimism about the company's strategic investments,...
BMO, in collaboration with Deloitte, has announced the 2024 launch of its annual BMO Celebrating Women Grant Program. The initiative is dedicated to helping U.S. women-owned businesses make real financial progress. Erminia (Ernie) Johannson, Group Head, North American Personal and Business Banking, stated, "Each year, the BMO Celebrating Women Grant Program helps inspire women-led businesses to thrive in their communities and make progress." The program invites women business owners to apply for one of its 15 grants by sharing their business growth plans that satisfy...
Triad Business Bank announced its unaudited first-quarter 2024 results on May 2, 2024, showing improvements and strategic measures to enhance its financial performance.Chief Executive Officer Ramsey Hamadi highlighted the positive progress, stating, "In the first quarter of 2024, the Bank had a net loss of $101,000, which was a $700,000 improvement over the previous quarter." Hamadi outlined the Bank's efforts to focus on core deposits and profitable loan relationships to drive future growth and sustainability.According to Triad Business Bank, the net loss for the first...
MADISON, Wis., May 1, 2024 /PRNewswire/ -- Fairway Independent Mortgage Corporation, named #1 for customer satisfaction among mortgage origination companies in the J.D. Power 2023 U.S. Mortgage Origination Satisfaction Study, announced today the addition of four origination teams to its ranks.The Kirk Scrima, Dan Kaminski, and Steve Kaminski team, previously with Summit Funding, will now operate offices in various California locations, as well as branches in Arizona and North Carolina. This team, bringing 22 teammates to Fairway, funded 291 units in 2023, amounting to...
Dallas, May 1, 2024 - The Highland Opportunities and Income Fund (NYSE: HFRO) has announced its regular monthly distribution of $0.0385 per share, payable on May 31, 2024, to shareholders of record at the close of business on May 24, 2024.The Fund, managed by NexPoint Asset Management, L.P., operates as a closed-end fund aiming to provide capital growth and income in a registered fund format. This distribution adjustment aligns with the Fund's current portfolio and investment objective, as implemented on January 4, 2024.Investors are advised to carefully consider the...
Service Corporation International (SCI) has reported its financial results for the first quarter of 2024, showing a positive start to the year. Chairman and CEO, Tom Ryan, expressed pride in the company's performance, stating, "Today we are proud to start off the year with earnings per share of $0.89 and net cash provided by operating activities of $220 million." Ryan attributed these results to the strong performance in the cemetery segment, with notable growth in preneed cemetery sales production and comparable cemetery revenue and gross profit.Acknowledging the efforts...
Small business owners across the nation, particularly in the Southeast, are facing heightened stress levels and concerns about inflation, as revealed by Truist's annual Small Business Pulse Survey. Scott Stearsman, the head of small business banking at Truist, noted the resilience of small businesses amid economic uncertainties, stating, "In recent years, our survey has shown the impact that economic uncertainty and high levels of stress can have on small business owners regionally and nationally."Despite expressing optimism about growth in 2024, many small business...
Bankers remain skeptical of economic outlook ARLINGTON, Va., May 1, 2024 /PRNewswire/ -- Fifty-eight percent of bankers would take action to reduce costs or increase revenue elsewhere even if exempt under a new regulatory proposal to restrict overdraft fees, according to a survey of nearly 500 financial executives released today.In a survey by liquidity management fintech IntraFi, 44% of respondents said if the plan went into effect, they would lower overdraft fees to remain competitive with larger banks, while 35% said they would alter their policies, and 27% said they...
May 1, 2024TORONTO, May 1, 2024 /PRNewswire/ - Franco-Nevada Corporation announced its financial results for the first quarter of 2024, with CEO Paul Brink highlighting the impact of gold prices on the company's performance. Brink stated, "Our diversified portfolio performed well and production for the quarter met expectations. Elevated gold prices translated directly into some of our highest ever margins."During the quarter, the company saw positive developments in its operations, with Brink noting, "Salares Norte commenced production during the quarter and Greenstone...
blueharbor bank reported a decrease in net income for the first quarter of 2024 compared to the same period in 2023. The Bank's net income was $1,336,608 and $0.44 per diluted share, a decrease of 36% from the previous year. Despite the decrease, the Bank's total assets saw an increase of $37.9 million, reaching $453.5 million at the end of March 2024.In a statement, Jim Marshall, President and Chief Executive Officer of blueharbor bank, noted, "Our balance sheet growth was acceptable given the cumulative effect rising interest rates are having on the economy. The credit...
TORONTO, May 1, 2024 /PRNewswire/ - Russel Metals Inc. (TSX: RUS) announced its financial results for the first quarter of 2024, showcasing a mix of performance indicators and market insights.The company stated, "We use a number of measures that are not prescribed by IFRS Accounting Standards ('IFRS' or 'GAAP') and as such may not be comparable to similar measures presented by other companies."Regarding earnings, Russel Metals Inc. reported, "Our basic earnings per share of $0.82 for the quarter ended March 31, 2024, was lower than the $1.19 per share recorded in the...
Etsy, Inc. Chief Executive Officer, Josh Silverman, acknowledged the challenges faced in the first quarter of 2024, stating, "Our first quarter performance, while in line with our guidance, was pressured by the challenging environment for consumer discretionary products, which continues to be a headwind to Etsy marketplace growth." Despite these challenges, Silverman expressed optimism about the future, saying, "I'm confident that leaning into our differentiators to make Etsy even more Etsy will help ensure we stand out in the sea of sameness in e-commerce."Chief...
HONG KONG, May 1, 2024 /PRNewswire/ -- MGM China Holdings Limited ("MGM China" or the "Company") has reported record-high performance and market share for the first quarter of 2024. The company announced its unaudited financial data, highlighting a strong recovery in Macau following the challenges of the past years.Kenneth Feng, President and Executive Director of MGM China, expressed pride in the company's performance, attributing it to their focus on customer service and continuous innovation. He stated, "Our outstanding performance demonstrates our deep understanding...
Group 1 Automotive, Inc. (NYSE: GPI) has announced a significant financial development on April 30, 2024. The Fortune 300 automotive retailer with 203 dealerships in the U.S. and U.K. completed a $500 million upsize in its revolving syndicated credit facility to $2.5 billion with 20 financial institutions. This credit facility will expire in March 2027 and can be further expanded to $3.0 billion.Among the lenders in the syndicated facility are six manufacturer-affiliated finance companies and 14 commercial banks. Notable names in the manufacturer-affiliated finance...
ONEOK, Inc. (NYSE: OKE) revealed its first quarter 2024 results and a boost in full-year 2024 financial guidance, citing favorable industry fundamentals and confidence in synergy expectations. According to Pierce H. Norton II, president and CEO of ONEOK, the company's performance was driven by various factors, including increased volumes in the Rocky Mountain region.Norton stated, "ONEOK generated solid results during the first quarter, supported by higher year-over-year volumes in the Rocky Mountain region and contributions from the refined products and crude segment."...
A new national consumer survey conducted by FirstClose™, Inc. has shed light on the lack of awareness among homeowners regarding the financial advantages of leveraging home equity for various purposes. According to the survey, many consumers do not fully understand how home equity can be utilized to reduce debt and improve financial stability.Tedd Smith, CEO of FirstClose, emphasized the importance of educating consumers about the benefits of leveraging home equity, stating, "The findings of this survey underscore the critical gap in consumers' understanding of the...
Marathon Petroleum Corp. (NYSE: MPC) has announced its first-quarter 2024 financial results, showcasing a net income attributable to MPC of $937 million, or $2.58 per diluted share. The company reported an $89 million charge due to stock compensation adjustments, affecting diluted earnings per share. This marks a significant difference from the first quarter of 2023, where net income stood at $2.7 billion, or $6.09 per diluted share.CEO Michael J. Hennigan expressed pride in the team's accomplishments during the quarter, stating, "In the first quarter, our team safely and...
BMO's Real Financial Progress Index reveals that 71% of aspiring homeowners are waiting for rate cuts before buying a home, up from 64% last year. Additionally, nearly one-third of prospective buyers plan to tap into their 401(k) funds to cover the costs, as reported by BMO Financial Group.Michael Gregory, Deputy Chief Economist at BMO, stated, "In light of persistent strength in the U.S. economy, as well as stubborn underlying inflation, the market has been pushing its expectation for Fed rate cuts into the autumn."Thomas Parrish, Head of U.S. Retail Lending at BMO,...