Alamos Gold price target lowered to C$15.50 from C$16 at TD Securities » 11:1307/3007/30/21
TD Securities analyst…
TD Securities analyst Steven Green lowered the firm's price target on Alamos Gold to C$15.50 from C$16 and keeps a Buy rating on the shares.
Wrap Technologies reports Q2 EPS (20c), consensus (13c) » 16:0807/2907/29/21
Reports Q2 revenue $1.9M,…
Reports Q2 revenue $1.9M, consensus $1.8M. "We delivered another strong and steady quarter of performance while continuing to expand our worldwide presence as a leader in modern police technology. We had our first quarter with over $1 million in revenue for the domestic market, a great milestone accomplishment. We continue to highlight bodycam videos showing the field uses of the BolaWrap, which is incredibly powerful to show agencies the numerous different ways the BolaWrap is being used to prevent higher levels of force thru early engagement by officers. Despite international COVID travel restrictions, we continue to see growth in international revenue on a consistent basis. Our revenue growth reflects the gains that we've made in penetrating the market and we reported a nice sequential bump in revenue as demand for our platform from trained agencies and certified officer instructors continues to grow. We believe these financial and operational metrics are leading indicators for future sales." "During the second quarter, we also appointed Glenn Hickman, former Axon VP of R&D, as our new COO to help further advance our BolaWRAP family of products. Finally, we reiterate our commitment to make policing safe and effective through our de-escalation and non-lethal solutions and believe that we are positioned extremely well to be an important player in the world of safer policing, which continues to remain in the global spotlight." Cash, cash equivalents and short-term investments were $43.0 million at end of 2Q21 compared to $37.0 million at 1Q21, representing 84% of total assets.
Alamos Gold sees FY21 gold production 470K-510K ounces » 17:0707/2807/28/21
Sees FY21 CapEx…
Sees FY21 CapEx $354M-$384M.
Alamos Gold reports Q2 adjusted EPS 10c, consensus 5c » 17:0607/2807/28/21
Reports Q2 revenue…
Reports Q2 revenue $195.1M, two estimates $167.43M. "Our overall performance through the first half of 2021 has been solid, led by another strong quarter at Young-Davidson which continues to meet or exceed expectations operating from the new lower mine infrastructure. We expect mining rates at Young-Davidson to increase to design capacity in the third quarter driving our consolidated production and free cash flow higher in the second half of the year. Combined with a stronger performance from Mulatos, we remain well positioned to achieve full year guidance," said John A. McCluskey, President and Chief Executive Officer.
Kelly Services announces additions to leadership team » 08:3507/2707/27/21
Kelly Professional &…
Kelly Professional & Industrial (KELYA) announced the addition of two executives to its senior leadership team, bolstering the recruiting and staffing operations of Kelly's largest business unit. Jennifer Knippenberg has joined Kelly Professional & Industrial as Vice President and Chief Recruiting Officer, bringing expertise in improving the talent experience and building recruiting capabilities across multiple specialties to her role. In addition, Carla McKelvey has joined Kelly Professional & Industrial as Vice President and North Market Lead, overseeing Kelly's commercial staffing operations in the northern United States and Canada. Knippenberg most recently was Senior Vice President at AMN Healthcare Staffing, where she led the strategic vision, operations, and business development in the Outsourced Solutions division. McKelvey most recently was Senior Vice President of Talent Engagement and Culture for Staffmark, a Recruit Holdings (RCRUY) company.
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DMC Global price target lowered to $59 from $64 at Stifel » 06:5207/2307/23/21
Stifel analyst Stephen…
Stifel analyst Stephen Gengaro lowered the firm's price target on DMC Global to $59 from $64 after the company's Q2 EBITDA and revenues miss his expectations. While Gengaro called near-term guidance "disappointing" and thinks the shares likely weaken on the results, he keeps a Buy rating on DMC Global shares as he believes the medium-term story is intact and that the company will capture market share and price as demand trends higher.
Fly Intel: After-Hours Movers » 18:5007/2207/22/21
SNAP, SKX, RHI, TWTR, WRB, CE, TACO, OCUL, SAM, BOOM, VRSN, COF, INTC, ADVM
Check out this evening's…
DMC Global sees Q3 revenue $70M-$73M, consensus $73.24M » 16:1907/2207/22/21
Michael Kuta, CFO, said…
Michael Kuta, CFO, said third quarter 2021 sales are expected to be in a range of $70M to $73 million versus the $65.4 million reported in the 2021 second quarter. DynaEnergetics expects demand from North America's onshore unconventional oil and gas market will continue to imprar. The growth is expected to be partially offset by lower sales in the Middle East. DynaEnergetics is expecove in the third quarter, although at a more moderate pace than in the first half of the yeted to report third quarter sales in a range of $46 million to $48 million versus the $42.3 million reported in 2021 second quarter. NobelClad's sales are expected in a range of $24 million to $25 million versus the $23.2 million reported in the 2021 second quarter. Consolidated gross margin is expected in a range of 24% to 26% versus 26% in the 2021 second quarter. The potential decline relates to the expected increase in North American sales versus higher margin international sales at DynaEnergetics, as well as inflationary pressures that will likely offset pricing increases. Gross margin at NobelClad also is expected to decline due to a less favorable project mix. Third quarter selling, general and administrative expense is expected to be in a range of $14.5 million to $15 million versus the $14.0 million reported in the 2021 second quarter. The increase reflects expected headcount additions for commercial and digital positions, higher variable compensation expense, and a pickup in travel expenses. Amortization expense is expected to be approximately $225,000, and interest expense is expected to be approximately $80,000. DMC's full year tax-rate is expected in a range of 31% to 33%. Adjusted EBITDA is expected in a range of $6.5 million to $8.5 million versus the $7.5 million in the second quarter of 2021.Third quarter capital expenditures are expected in a range of $4.0 million to $6.0 million. For modeling purposes, third quarter weighted average shares outstanding will be approximately 18.7 million. Kuta said management is not providing full-year financial guidance, however, pricing at DynaEnergetics is expected to improve during the second half of the year, which should offset the impact of inflation on materials, labor, and benefits from employee retention credits under the CARES Act that are expected to roll off in the fourth quarter of 2021.
DMC Global reports Q2 EPS 13c, consensus 13c » 16:1607/2207/22/21
Reports Q2 revenue…
Reports Q2 revenue $65.4M, consensus $69.47M. Kevin Longe, president and CEO, said, "Improving economic conditions led to increased activity in several of our end markets during the second quarter. Rising energy prices drove improved demand for DynaEnergetics' DS well perforating systems, and NobelClad secured a large international order from the chemical industry." "DynaEnergetics benefitted from a modest improvement in pricing during the quarter," Longe added. "However, despite increased well completion activity in North America, irrational pricing for products and services persists, and is delaying the margin recovery of our industry. "The leading operators and service companies in North America's unconventional oil and gas industry are transitioning to safer, more efficient and more reliable factory-assembled perforating systems built by a single source provider. However, during the recent market instability, a number of machine shops have taken advantage of extreme price sensitivity by commercializing undifferentiated, less reliable carrier assemblies. These businesses are being supported and supplied by some of our industry's large energetics manufacturers, which have not yet fully transitioned to their own integrated systems."
Heritage Insurance sees Q2 net catastrophe losses of $24.5M » 16:1307/2107/21/21
Heritage announced that…
Heritage announced that it expects to incur approximately $24.5M of net current accident quarter catastrophe losses and $11M of net current accident quarter other weather losses in second quarter, representing total net current accident quarter weather losses of approximately $35.5M. Heritage also expects to incur $9.4 of additional ceded premium in second quarter, reflecting reinstatement of its severe convective storm reinsurance coverage.