Five Point Holdings, LLC (NYSE:FPH), an owner and developer of large mixed-use, master-planned communities in California (including Valencia), reported its fourth quarter and year-end 2019 results. Emile Haddad, Chairman and CEO, said, “The end of last year marked an inflection point for our company...
Bank of Santa Clarita (BSCA) announced that it again has achieved a record level of earnings during the first quarter of 2017. The Bank reported net earnings of $454,000, an improvement of 88% over the Bank’s first quarter 2016 earnings, and the greatest quarterly net earnings in the Bank’s history.
Mission Valley Bancorp announced Tuesday the company’s year to date net income of $1,603,000 for the period ended June 30, 2016 – the strongest 2nd quarter close in the history of the company.
President and CEO Tamara Gurney stated, “As Mission Valley marks our 15th year of operation, I am very...
Bank of Santa Clarita announced continuing significant growth in loans Thursday for the second quarter of 2016, as total loans grew to $209.5 million, a growth of 14 percent in the first half of 2016. Moreover, the Bank noted that from June 30, 2015 to June 30, 2016, its loan portfolio had increased...
Fiscal 2016 Third Quarter Highlights – comparisons to the same period in the prior year:
* Net income increased 13% to $249.8 million, or $0.66 per diluted share
* Pre-tax income increased 13% to $378.6 million
* Pre-tax profit margin improved 40 basis points to 11.7%
* Net sales orders increased...
Letter to shareholders, July 18, 2016:
We grew by 1.7m members in Q2 finishing with over 83 million members. This is below our forecast of 2.5m net new members and our prior year Q2 net additions of 3.3m. We are growing, but not as fast as we would like or have been. Disrupting a big market can be bumpy,...
* Net earnings of $218.5 million, or $0.95 per diluted share, compared to net earnings of $183.0 million, or $0.79 per diluted share
* Deliveries of 6,724 homes – up 12%
* New orders of 7,962 homes – up 10%; new orders dollar value of $2.9 billion – up 11%
* Backlog of 9,014 homes –...
Wesco Aircraft Holdings Inc., the world’s leading provider of comprehensive supply chain management services to the global aerospace industry, announced results for its fiscal 2016 second quarter.
Fiscal 2016 Second Quarter Highlights
* Net sales of $376.7 million, down 2.3 percent
* Net sales...
Grocery chain Smart & Final Stores Inc. reported financial results for the 13-week and 53-week periods ended Jan. 3, 2016.
Full Year Highlights:
* Net sales increased 12.4% to $3.97 billion
* Comparable store sales growth of 4.5%
* Net income of $38.3 million, or $0.50 per diluted share
Flextronics International Ltd. (aka Flex), the global manufacturing and supply-chain company that acquired Valencia electronics manufacturer Stellar Microelectronics in 2012, posted its best-ever quarterly earnings Thursday of 35 cents per share, beating analysts’ expecations of 30 cents. Revenues...
The Sand Canyon Resort project is scheduled to return before the Santa Clarita Planning Commission Tuesday with a series of revisions, following multiple concerns raised by both commissioners and residents.
The Valley Industry Association will welcome College of the Canyons Chancellor Dr. Dianne G. Van Hook as the keynote speaker for the March VIA Virtual Series taking place Tuesday, March 16, from 11:00 a.m to 12:15 p.m.
The California Department of Motor Vehicles announced a new round of extensions for commercial driver’s licenses expiring through May 31 that will help commercial drivers focus on delivering essential products and supplies during the COVID-19 emergency.
The Los Angeles County Department of Consumer and Business Affairs (DCBA) announced Thursday the upcoming launch of the Los Angeles Online Dispute Resolution (LA-ODR) program, in collaboration with the Superior Court of California, Los Angeles County and its Dispute Resolution Program (DRP), and the Center for Conflict Resolution.
Santa Clarita City Council members declined Tuesday to administer $6.8 million in state rental assistance funds for eligible residents who have been impacted by the COVID-19 pandemic and let the state handle those dollars but approved creating a program for them with $6.3 million from the federal government.