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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.....»»

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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.....»»

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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.....»»

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