Acacia Research Q4 EPS $0.75 Beats $0.07 Estimate, Sales $92.31M Up From $13.12M YoY

3/14/24 4:24:32 PM ET

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Acacia Research (NASDAQ:ACTG) reported quarterly earnings of $0.75 per share which beat the analyst consensus estimate of $0.07 by 971.43 percent. This is a 250 percent increase over losses of $(0.50) per share from the same period last year. The company reported $92.31 million in sales this quarter. This is a 603.54 percent increase over sales of $13.12 million the same period last year.

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Acacia Research Appoints Martin ("MJ") D. McNulty, Jr. to Board of Directors, Named Permanent CEO
Acacia Research Corporation (NASDAQ:ACTG) today announced that Martin ("MJ") D. McNulty, Jr. has been named as Acacia's permanent Chief Executive Officer. Mr. McNulty has been serving as the Company's Interim Chief Executive Officer since November 1, 2022. In addition, the Board of Directors expanded the size of the Board from six to seven directors, and the Board appointed Mr. McNulty as a director of the Company to serve until the Company's 2024 annual meeting of stockholders. "The Board is extremely grateful for MJ's contributions as Interim Chief Executive Officer and believes he is the right leader for the company going forward," commented Gavin Molinelli, Acacia's Chairman. "Since
2/14/24 8:00:00 AM ET
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Acacia Research Announces New Leadership Appointments
Martin D. McNulty, Jr., Former CEO of Starboard Value Acquisition Corp., Joins as Chief Operating Officer and Head of M&A Wesley Golby, Who Served as Director of Research, Promoted to Chief Investment Officer Acacia Research Corporation (NASDAQ:ACTG) ("Acacia" or "the Company") today announced that it has appointed Martin ("MJ") D. McNulty, Jr. as Chief Operating Officer and Head of M&A and that Wesley L. Golby has been promoted to Chief Investment Officer. The appointments are effective immediately. Mr. McNulty most recently served as the Chief Executive Officer and a member of the board of directors at Starboard Value Acquisition Corp. ("SVAC"), where he led the transaction through whi
3/15/22 8:00:00 AM ET
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Comtech's Recent Disappointing Results Reaffirm Urgency of Electing Both Outerbridge Nominees to Company's Board
Believes Poor First Quarter Performance – Including 14% Decline in Revenue and 61% Decline in EBITDA – Reflects Core Challenges Faced by Comtech and Inability to Deliver for Shareholders Views Current Board's Continued Lack of a Real Strategic Plan as Further Evidence that Shareholders Should Support Change and Reject Company's Empty Promises of Future Growth Believes Shareholders Should be Appalled that Comtech Spent $2.2 million of Shareholder Capital in Q1 on Advisor Fees for Proxy Fight and "Anticipates Incurring Similar Proxy Solicitation and Related Costs" Next Quarter Shareholders Must Act Now to Elect Outerbridge's Independent Nominees to Ensure that a Real Strategic Review Proce
12/13/21 7:30:00 AM ET
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Acacia Research to Release Third Quarter 2024 Financial Results on November 12, 2024
Acacia Research Corporation (NASDAQ: ACTG) ("Acacia" or the "Company"), which acquires and operates businesses across the industrial, energy and technology sectors, announced today that it will release its third quarter 2024 financial results before market open on November 12, 2024. The Company will host a conference call at 8:00 a.m. ET / 5:00 a.m. PT on November 12, 2024 to discuss its results. To access the live call, please dial 877-545-0523 (U.S. and Canada) or 973-528-0016 (international) and if requested, reference the access code 847853. The conference call will also be simultaneously webcasted at https://www.webcaster4.com/Webcast/Page/2371/51508 and on the investor relations sec
10/29/24 7:30:00 AM ET
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Acacia Research Corporation Acquires Deflecto®
Transaction Adds Leading Speciality Manufacturer of Essential Products Serving the Commercial Transportation, HVAC and Office Markets to Acacia's Growing Portfolio Expected to Deliver Significant Revenue and be Immediately Accretive to Free Cash Flow and Earnings Per Share with Further Value Creation Opportunities Deflecto Expected to Generate Approximately $128-$136 Million in Revenue in 2024 Acacia Research Corporation (NASDAQ:ACTG) ("Acacia" or the "Company"), which acquires and operates businesses across the industrial, energy and technology sectors, announced today that is has acquired Deflecto Acquisition, Inc. ("Deflecto") for $103.7 million (the "Transaction"). Headquartered in I
10/21/24 7:28:00 AM ET
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Acacia Research Reports Second Quarter 2024 Financial Results
Increased Consolidated Revenue 227% Compared to Q2 2023, Up 121% Compared to the First Six Months of 2023 Significant YoY Revenue and Operating Cash Flow Improvement During Q2 2024 Acacia Remains Focused on Free Cash Flow Generation and Book Value Per Share Accretion Acacia Research Corporation (NASDAQ:ACTG) ("Acacia" or the "Company") today reported financial results for the three and six months ended June 30, 2024. The Company is also releasing a new Corporate Overview Presentation and a Q2 2024 Earnings Presentation, both of which are being posted today on its website at www.acaciares.com under Events & Presentations. Martin ("MJ") D. McNulty, Jr., Chief Executive Officer, stated
8/8/24 4:05:00 PM ET
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Acacia Research to Release Third Quarter 2024 Financial Results on November 12, 2024
Acacia Research Corporation (NASDAQ: ACTG) ("Acacia" or the "Company"), which acquires and operates businesses across the industrial, energy and technology sectors, announced today that it will release its third quarter 2024 financial results before market open on November 12, 2024. The Company will host a conference call at 8:00 a.m. ET / 5:00 a.m. PT on November 12, 2024 to discuss its results. To access the live call, please dial 877-545-0523 (U.S. and Canada) or 973-528-0016 (international) and if requested, reference the access code 847853. The conference call will also be simultaneously webcasted at https://www.webcaster4.com/Webcast/Page/2371/51508 and on the investor relations sec
10/29/24 7:30:00 AM ET
$ACTG
Multi-Sector Companies
Miscellaneous
Acacia Research Corporation Acquires Deflecto®
Transaction Adds Leading Speciality Manufacturer of Essential Products Serving the Commercial Transportation, HVAC and Office Markets to Acacia's Growing Portfolio Expected to Deliver Significant Revenue and be Immediately Accretive to Free Cash Flow and Earnings Per Share with Further Value Creation Opportunities Deflecto Expected to Generate Approximately $128-$136 Million in Revenue in 2024 Acacia Research Corporation (NASDAQ:ACTG) ("Acacia" or the "Company"), which acquires and operates businesses across the industrial, energy and technology sectors, announced today that is has acquired Deflecto Acquisition, Inc. ("Deflecto") for $103.7 million (the "Transaction"). Headquartered in I
10/21/24 7:28:00 AM ET
$ACTG
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Miscellaneous
Acacia Research Reports Second Quarter 2024 Financial Results
Increased Consolidated Revenue 227% Compared to Q2 2023, Up 121% Compared to the First Six Months of 2023 Significant YoY Revenue and Operating Cash Flow Improvement During Q2 2024 Acacia Remains Focused on Free Cash Flow Generation and Book Value Per Share Accretion Acacia Research Corporation (NASDAQ:ACTG) ("Acacia" or the "Company") today reported financial results for the three and six months ended June 30, 2024. The Company is also releasing a new Corporate Overview Presentation and a Q2 2024 Earnings Presentation, both of which are being posted today on its website at www.acaciares.com under Events & Presentations. Martin ("MJ") D. McNulty, Jr., Chief Executive Officer, stated
8/8/24 4:05:00 PM ET
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Acacia Research Q4 EPS $0.75 Beats $0.07 Estimate, Sales $92.31M Up From $13.12M YoY

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Recent Analyst Ratings for $ACTG

$ACTG Leadership Updates

Live Leadership Updates

Acacia Research Appoints Martin ("MJ") D. McNulty, Jr. to Board of Directors, Named Permanent CEO

Acacia Research Announces New Leadership Appointments

Comtech's Recent Disappointing Results Reaffirm Urgency of Electing Both Outerbridge Nominees to Company's Board

$ACTG Insider Trading

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Director Sundar Ajay was granted 23,121 shares, increasing direct ownership by 330% to 30,134 units (SEC Form 4)

Director Molinelli Gavin was granted 23,121 shares, increasing direct ownership by 40% to 80,619 units (SEC Form 4)

Chief Administrative Officer Rasamny Robert covered exercise/tax liability with 6,657 units of ACTG Common Stock, decreasing direct ownership by 12% to 48,738 units (SEC Form 4)

$ACTG Market Insights

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Acacia Research Q1 Sales $24.320M Beat $11.000M Estimate

Craig-Hallum Maintains Buy on Acacia Research, Raises Price Target to $7

Acacia Research shares are trading higher after the company reported better-than-expected Q4 EPS results and a year-over-year increase in Q4 revenue results.

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Acacia Research to Release Third Quarter 2024 Financial Results on November 12, 2024

Acacia Research Corporation Acquires Deflecto®

Acacia Research Reports Second Quarter 2024 Financial Results

SEC Form SC 13D/A filed by Acacia Research Corporation (Acacia Tech) (Amendment)

SEC Form SC 13D/A filed by Acacia Research Corporation (Acacia Tech) (Amendment)

SEC Form SC 13G/A filed by Acacia Research Corporation (Acacia Tech) (Amendment)

Acacia Research to Release Third Quarter 2024 Financial Results on November 12, 2024

Acacia Research Corporation Acquires Deflecto®

Acacia Research Reports Second Quarter 2024 Financial Results

Soncini Jason W. bought $26,800 worth of ACTG Common Stock (5,000 units at $5.36), increasing direct ownership by 2% to 226,661 units (SEC Form 4)

Mcnulty Martin D. Jr. bought $100,303 worth of ACTG Common Stock (18,962 units at $5.29), increasing direct ownership by 11% to 198,127 units (SEC Form 4)

$ACTG SEC Filings

Acacia Research Corporation (Acacia Tech) filed SEC Form 8-K: Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Creation of a Direct Financial Obligation, Regulation FD Disclosure, Financial Statements and Exhibits

SEC Form 10-Q filed by Acacia Research Corporation (Acacia Tech)

Acacia Research Corporation (Acacia Tech) filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

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