IMAX Corporation Reports First Quarter 2021 Results
HIGHLIGHTS
- IMAX continues to help lead the global film industry out of the pandemic as pent-up demand emerges in global markets driving year-over-year quarterly growth in revenue, box office, gross margins and EBITDA
- Company posts $110 million in global box office its first year-over-year quarterly box office growth of the pandemic period as strong rebound in Asia continues and begins to expand to other key markets
- IMAX expects further market openings and loosening of capacity restrictions to drive increased network capacity as summer tentpoles including A Quiet Place 2, Fast 9, and Black Widow arrive in theaters
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MYR Group Inc. Announces First-Quarter 2021 Results
HENDERSON, Colo., April 28, 2021 (GLOBE NEWSWIRE)
MYR Group Inc. (“MYR”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and western Canada, today announced its first-quarter 2021 financial results.
Highlights for First Quarter 2021
Strong quarterly revenues of $592.5 million
Record high quarterly net income of $19.9 million, or $1.17 per diluted share
Record high quarterly EBITDA of $39.3 million
Strong quarter net cash flow from operating activities of $59.4 million and quarter free cash flow of $52.4 million
Strong backlog of $1.64 billion
Management Comments
Rick Swartz, MYR’s President and CEO, said, “Our strong first-quarter 2021 financial results included record high quarterly net income, EBITDA, and EPS. Net Income of $19.9 million, doubled our first quarter 2020 net income,