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ModusLink Global Solutions Inc (MLNK.OQ)

MLNK.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Moduslink ‍and Steel Services Ltd each deliver third amendment​
Tuesday, 29 Aug 2017 05:34pm EDT 

Aug 30 (Reuters) - Moduslink Global Solutions Inc :Moduslink global solutions Inc - ‍On August 28 co and Steel Services Ltd each delivered a third amendment, effective as of September 1, 2017​.Moduslink Global Solutions - Amendment reduces fixed monthly fee paid by co to Steel Services under agreement from $175,000/month to $95,641/month.  Full Article

Moduslink Global Solutions Q3 rev rose 1.5 pct to $97.9 mln
Monday, 5 Jun 2017 04:14pm EDT 

June 5 (Reuters) - Moduslink Global Solutions Inc ::Moduslink reports financial results for the third quarter of fiscal year 2017.Q3 revenue rose 1.5 percent to $97.9 million.Q3 loss per share $0.09.Moduslink Global Solutions Inc - ‍on track to realize $32 million in annualized ebitda savings​.  Full Article

Moduslink Global Solutions Q2 loss per share $0.05
Monday, 6 Mar 2017 05:03pm EST 

Moduslink Global Solutions Inc : Moduslink reports financial results for the second quarter of fiscal year 2017 . Q2 revenue fell 2 percent to $117.6 million . Q2 loss per share $0.05 .Moduslink Global Solutions - turnaround plan is on track, delivering expected savings and annualized ebitda improvements of approximately $32.0 million.  Full Article

Moduslink reports Q1 loss per share of $0.16
Wednesday, 7 Dec 2016 05:13pm EST 

Moduslink Global Solutions Inc : On track to deliver targeted annualized adjusted EBITDA improvement of $32.0 million . Moduslink reports financial results for the first quarter of fiscal year 2017 . Q1 loss per share $0.16 .Q1 revenue rose 19.5 percent to $121.3 million.  Full Article

Moduslink Global solutions announces series of corporate realignment, appointed Jim henderson as CEO
Monday, 20 Jun 2016 11:00am EDT 

Moduslink Global Solutions Inc : Unveiled a series of corporate realignment and process-driven initiatives aimed at returning company to profitability . As part of plan, board of directors has appointed warren lichtenstein , executive chairman of company . Jim henderson , who was appointed in may as CEO of Moduslink Corporation, will now also serve as CEO of Co . Moduslink global solutions inc says Louis J. Belardi has been appointed CFO of company and Moduslink Corporation . Intends to invest about $20.0 million over coming year in specific actions that are expected to improve annualized EBITDA . Programs unveiled will be funded with cash on hand,proceeds from sale of moduslink corp owned real estate,existing bank facilities . Cost savings, gross margin enhancements expected to be realized by closure of taiwan facility, among other things . Expects it will be in position to reduce its employee count by 17% over coming year . Anticipates it will incur restructuring charges of approximately $12.0 million in its q4 of fiscal 2016 .Moduslink global solutions inc says company believes it will generate annualized cost savings of approximately $12.0 million.  Full Article

Moduslink Global Solutions Inc appoints Warren Lichtenstein as interim CEO
Tuesday, 29 Mar 2016 05:10pm EDT 

Moduslink Global Solutions Inc:Says Warren G. Lichtenstein appointed as Interim Chief Executive Officer.Lichtenstein is replacing John J. Boucher who resigned as President and Chief Executive Officer on March 23, 2016.  Full Article

BRIEF-Moduslink ‍and Steel Services Ltd each deliver third amendment​

* Moduslink global solutions Inc - ‍On August 28 co and Steel Services Ltd each delivered a third amendment, effective as of September 1, 2017​