Worthington Steel, Inc. - WS STOCK NEWS

The board of directors of Worthington Steel (NYSE: WS) has announced a quarterly dividend of $0.16 per common share. The dividend will be paid on September 27, 2024, to shareholders who are recorded as of September 13, 2024.

Additionally, Worthington Steel will conduct a conference call to discuss its fiscal fourth quarter results at 8:30 a.m. ET on June 27, 2024. The live webcast will be accessible via the Investor Relations section of the company's website and archived for a year.

Vicarious Surgical (NYSE: RBOT, RBOT WS) announced a 1-for-30 reverse stock split for its Class A and Class B common stock, effective June 12, 2024. This move aims to raise the company's share price to meet NYSE listing requirements. Post-split, Class A common stock will reduce from approximately 156.76 million to about 5.23 million shares, and Class B from 19.62 million to roughly 654,000 shares. Trading on a post-split basis begins on June 13, 2024, under the symbol 'RBOT'. The split will uniformly affect all stockholders without changing ownership percentages, except for fractional shares, which will be paid in cash. Warrants will also be adjusted, with the exercise price changing to $345 per share.

Worthington Steel (NYSE: WS) will release its fiscal fourth-quarter results after the market closes on June 26, 2024.

The company will also host a conference call to discuss these results at 8:30 a.m. ET on June 27, 2024.

The webcast will be accessible through the Investor Relations section of the company's website and archived for one year.

Sky Harbour Group (NYSE American: SKYH, SKYH WS) announced a lease agreement with the Metropolitan Washington Airports Authority to develop an 18-acre Sky Harbour Home Base campus at Dulles International Airport (IAD). The new campus will create and sustain hundreds of local jobs, contributing to Northern Virginia's economy. This facility aims to host Washington, DC's top corporate and private jets, offering state-of-the-art hangars and exclusive line services. Dulles joins other Sky Harbour locations like Houston’s Sugar Land and Nashville International airports, with additional campuses under development in cities like Denver and Dallas. The facility will feature hangar space, office areas, operational infrastructure, and ample parking. Sky Harbour's CEO, Tal Keinan, emphasizes the company's commitment to top-tier aviation safety and efficiency at this prime location.

Sky Harbour Group (NYSE American: SKYH) announced a new lease agreement with the Port Authority of New York and New Jersey for developing a Sky Harbour campus at Stewart International Airport (SWF). The campus will house top corporate and privately-owned business jets in advanced hangars, providing exclusive line-services and minimizing time to departure. This project aims to create and sustain hundreds of jobs, boosting economic benefits for New York State, Orange County, and Stewart International Airport. The SWF campus will be the third Sky Harbour facility in the New York metropolitan area, joining others in Houston, Nashville, Miami, and San Jose. Additional campuses are currently in development or planned. Sky Harbour's CEO, Tal Keinan, highlighted the company's commitment to delivering long-term benefits to local communities, and this project marks the first partnership with MJJ Builders, Passero Associates, Jonah Mandelbaum, and the Red Tail Flight Academy.

Sky Harbour Group (NYSE: SKYH) reported record revenues for Q1 2024, achieving a 117% increase compared to Q1 2023. The company reached cash flow break-even at Sky Harbour Capital and plans to expedite construction activities. SG&A expenses rose by 38%, while net cash used in operations decreased slightly from $4.5 million to $4.4 million. Sky Harbour maintains strong liquidity with $160 million in cash and investments. All operating campuses are fully leased, and the new San Jose Mineta campus is 58% leased. Phases 1 in Denver, Phoenix, and Dallas resumed construction. The company aims to secure ground leases at four more airports by the end of 2024 and six more by the end of 2025.

Southland Holdings announced its Q1 2024 results, reporting a revenue of $288.1 million, a 5% increase from Q1 2023's $274.8 million. The gross profit rose to $20.4 million, up from $18.9 million. However, the company faced a net loss of $0.4 million, significantly improved from the $4.7 million loss in Q1 2023. The Adjusted EBITDA fell to $10.9 million from $12.7 million. The backlog decreased to $2.64 billion from $2.83 billion as of December 31, 2023. Despite the improvements in revenue and gross profit, the company saw a decline in its Adjusted EBITDA and backlog, affecting its long-term outlook.

Southland Holdings (NYSE American: SLND) reported its Q1 2024 results. The company saw a 5% increase in revenue to $288.1 million compared to Q1 2023's $274.8 million. Gross profit rose to $20.4 million from $18.9 million, with a margin increase from 6.9% to 7.1%. The net loss attributable to stockholders decreased significantly to $0.4 million, or $(0.01) per share, from $4.7 million, or $(0.11) per share, in Q1 2023. Adjusted EBITDA fell to $10.9 million from $12.7 million. Southland's backlog decreased to $2.64 billion from $2.83 billion at the end of December 2023. Selling, general, and administrative expenses dropped by 7.6% to $14.4 million. The company highlighted strong demand in its core markets due to substantial federal and local infrastructure investments.

Sky Harbour Group (NYSE American: SKYH, SKYH WS) announced the release of its First Quarter 2024 financial results on May 14, 2024, and will host an investor webcast to discuss the results and provide a business update. The webcast will include a Q&A session with Sky Harbour leadership and will be open to the public.