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New law will require disclosure of entity owners (access required)

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The United States is one of the easiest places in the world to set up a corporation or LLC without revealing any personal identifying information of those in charge. A new federal law enacted at the end of last year ...

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Excellus BCBS reports 2020 income, top executives’ salaries (access required)

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Rochester’s Excellus BlueCross BlueShield on Friday reported a 43 percent decline in net income for 2020. The health plan also reported its top three executives’ salaries, which totaled nearly $6 million last year. In fiscal 2020, the health plan reported ...

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Bausch Health reports full-year earnings, to appoint activist investor picks to board (access required)

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Bausch Health Cos. Inc. on Wednesday reported fourth-quarter and full-year results, beating Street estimates. The company also said it plans to add two directors as a result of pressure from activist investor Carl Icahn. For the fourth quarter ended Dec. ...

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Conduent reports Q4 loss, beats Street estimates (access required)

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Conduent Inc., a business process services and solutions company with a significant base in Rochester, on Thursday reported strong fourth-quarter and full-year financial results, beating Street estimates for revenues. For the quarter ended Dec. 31, sales were down 4 percent ...

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Transcat posts Q3 improvement, beats Street estimates (access required)

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Transcat Inc. on Tuesday reported a third-quarter operating income increase of 20 percent, with service revenue up more than 12 percent. For the quarter ended Dec. 26, the Rochester provider of accredited calibration, repair, inspection and laboratory instrument services posted ...

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IEC profits increase in Q1 (access required)

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Wayne County’s IEC Electronics Corp. on Wednesday reported a first-quarter increase in sales and earnings. For the first quarter ended Jan. 1, the Newark manufacturer reported revenue of $47.5 million, up more than 6 percent from $44.7 million in the ...

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Five Star beats analyst forecast with record-income fourth quarter (access required)

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Financial Institutions, Inc., the parent company of Five Star Bank, surpassed analyst expectations for fourth-quarter earnings and recorded the highest pre-tax, pre-provision income in company history. Earnings per share hit 84 cents for the quarter, 14 cents better than analyst ...

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Graham profits up in Q3 (access required)

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Batavia’s Graham Corp. on Thursday reported an improvement in third-quarter sales and earnings, beating Street estimates for revenue. For the quarter ended Dec. 31, the global designer and manufacturer of critical equipment for the energy, defense and chemical/petrochemical industries posted ...

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