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Fresh Del Monte Produce Inc. Reports First Quarter 2021 Financial Results
May 5, 2021 GMT
CORAL GABLES, Fla. (BUSINESS WIRE) May 5, 2021
Fresh Del Monte Produce Inc. (NYSE: FDP), (“Fresh Del Monte” or the “Company”) today reported financial results for the first quarter ended April 2, 2021.
Financial highlights for the first quarter of 2021:
Gross profit was $105.0 million for the first quarter of 2021, which represents an increase of 53%, compared with the prior year period, and gross profit margin increased to 10% in the first quarter of 2021, compared with 6% in the prior year period;
Adya Announces Results for the Year Ended December 31, 2020
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® (NYSE: PB), the parent company of Prosperity Bank
® (collectively, Prosperity ), reported net income for the quarter ended March 31, 2021 of $133.3 million compared with $130.8 million for the same period in 2020. Net income per diluted common share was $1.44 compared with $1.39 for the same period in 2020 and the annualized return on first quarter average assets was 1.54%. Additionally, deposits increased $1.403 billion or 5.1% (20.5% annualized) during the first quarter 2021 and nonperforming assets remain low at 0.15% of first quarter average interest-earning assets. With the hard work of our entire team, the combination of Prosperity and LegacyTexas has continued to bear fruit, as reflected in our positive results for the first quarter of 2021, said David Zalman, Prosperity s Senior Chairman and Chief Executive Officer.
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Net income of $61.2 million, or $0.28 per diluted share, for the first quarter of 2021, compared to $50.1 million, or $0.23 per diluted share, for the fourth quarter of 2020. The net income for the first quarter of 2021 and fourth quarter of 2020 included the following items of note:
- Provision for credit losses was a net benefit of $15.3 million ($9.5 million after-tax, or an increase of $0.04 per diluted share) for the first quarter of 2021, compared to an expense of $7.7 million ($4.8 million after-tax, or a decrease of $0.02 per diluted share) for the fourth quarter of 2020. The reserve release in the first quarter of 2021 was primarily due to positive changes in the outlook of macroeconomic assumptions to which the reserve is correlated.
First Industrial Realty Trust Reports First Quarter 2021 Results Occupancy of 95.7%; Cash Rental Rates Up 10.4% 12.7% Cash Rental Rate Increase On 2021 Rollovers Signed Year-to-Date Started Three Developments Totaling 1.4 Million Square Feet, Estimated Investment of $99.6 Million Announced Two New Development Starts for Second Quarter Totaling 1.0 Million Square Feet, Estimated Investment of $82.6 Million Acquired a 62,000 Square-Foot Building in Northern California Plus Three Development Parcels for $24.1 Million Completed $67.2 Million of Asset Sales in the First Quarter Increased First Quarter 2021 Dividend to $0.27 Per Share, an 8.0% Increase
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CHICAGO, April 21, 2021 /PRNewswire/ First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, today announced results for the first quarter of 2021. First Industrial s diluted net incom
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