Press Release FeedGet the RSS feed
Menu

Newswire.com

IBC Advanced Alloys Reports Improved Financial Results for the Year Ended June 2026

Sharply higher sales in the fourth quarter of fiscal year 2026 were driven by increasing demand from the defense and electronics industries

Highlights of the Quarter and Year Ended June 30, 2026

(Unless otherwise noted, all financial amounts in this news release are expressed in U.S. dollars. IBC is reporting the performance of "continuing operations" at its Copper Alloy division, "discontinued operations" at its Massachusetts facility, and a combination of continuing and discontinued operations.1

  • Annual sales of $19.5 million increased by 9.8% compared with the prior-year period.
  • Gross profit of $3.8 million for the year increased by 8.12% year-over-year ("YoY").
  • On a consolidated basis, an operating loss of $210,000 was sharply lower than the $1.5 million loss for the year ended June 30, 2025, and adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") for the year of $591,000 reversed a loss of $400,000 in the comparative prior-year period.
  • On a consolidated basis, the loss for the year was $2.2 million, lower than the prior year's loss of $3.4 million.
  1. FinanceXCF Global Completes Business Combination with Southern Energy Renewables and DevvStream, Creating Vertically Integrated Alternative Energy PlatformThe combination brings together both today-and future technology alternative fuel production capability, biomass-to-fuels development and environmental-asset monetization to support domestic energy security, reduced carbon emissions and alternative uses for agricultural waste products. With the closing of the business combination, XCF is updating its 2027 financial outlook to reflect gross product sales of $650 to 700 million, net revenue of $120- 130 million and EBITDA of $70-75 million.1 XCF believes that the combination will create meaningful shareholder value resulting from combined target 2030 annual gross product sales of more than $1.4 billion, net revenue of more than $400 million and EBITDA of more than $300m. 1 "Please refer to the important note regarding Non-GAAP Measures at the end of this press release for additional information regarding gross product sales. These targets are not projections and are forward-looking statements and are subject to the risks, uncertainties, and assumptions described under "Cautionary Note Regarding Forward-Looking Statements" below
  2. AIBlinksoft Sets a New Standard for Business Phone Support with Three-Ring Answer GuaranteedThe Long Island-based AI business phone provider is putting customer service at the center of its growth strategy, pairing in-house software with live, US-based support that answers in three rings or less.
  3. EnergyGrid Announces Adoption of Advance Notice By-Law and Provides Shareholder Meeting UpdateGrid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) ("Grid" or the "Company") announces it has set the date for its annual and special general meeting of shareholders (" ASGM " or " Meeting ") for November 17, 2026 at 11:00am Eastern Time. The ASGM will be held at the offices of Peterson McVicar LLP, Suite 1601, 110 Yonge Street, Toronto, ON M5C 1T4. The management information circular (the " Management Information Circular "
  4. FinanceEmerging Growth Research Publishes Update on Newton Golf’s Pole Canyon Option and Critical Minerals StrategyEmerging Growth Research ("EGR") today announced the publication of a company-sponsored Flash Report covering Newton Golf Company, Inc. (NASDAQ:NWTG), a technology-focused golf equipment company that develops and sells premium golf shafts, putters and related products. The report examines Newton Golf's recently announced option to acquire the Pole Canyon project, a historic beryllium-tungsten property located in Whit
  5. FinanceLASE Appoints Dmitri Nikitin Executive ChairmanLaser Photonics Corporation (NASDAQ:LASE), an emerging directed energy and laser technology platform developing applications for defense, semiconductor, pharmaceutical and industrial markets (the "Company"), today announced the appointment of Dmitri Nikitin, the Company's founder, as Executive Chairman of the Board of Directors and principal executive officer responsible for leading the Company, with the authority an
  6. MediaJeff Rimer's Book Earns a Place in the Hockey Hall of Fame LibraryIt Doesn't Get Any Better Than This chronicles Jeff Rimer's remarkable 50-year broadcasting career and earns a place in the Hockey Hall of Fame Library.