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KB HOME ANNOUNCES THE GRAND OPENING OF ITS NEWEST COMMUNITY IN HIGHLY DESIRABLE MARYSVILLE, WASHINGTON
Prnewswire· 2026-02-20 13:00
Core Insights - KB Home has announced the grand opening of Park Forest, a new-home community in Marysville, Washington, priced from the low $600,000s, emphasizing personalized home designs and community amenities [1] Company Overview - KB Home is recognized as one of the largest and most trusted homebuilders in the U.S., with a history of building over 700,000 homes in nearly 70 years [1] - The company is noted for its commitment to customer satisfaction, being the 1 customer-ranked national homebuilder in Seattle based on third-party surveys [1] Community Features - Park Forest offers one- and two-story homes with up to six bedrooms and four baths, designed for modern living with features like large great rooms and walk-in closets [1] - The community includes planned amenities such as parks, walking paths, and children's playgrounds, and is within walking distance to highly rated schools [1] Location Advantages - Park Forest is strategically located with easy access to major highways and employers in Everett, including Naval Station Everett and Boeing, enhancing its appeal to potential homebuyers [1] - The community is near various recreational options, including Jennings Memorial Park and Lake Stevens, as well as shopping and dining in downtown Marysville [1] Sustainability and Energy Efficiency - KB Home emphasizes innovative design and energy efficiency, with homes engineered to be ENERGY STAR® certified, which is achieved by fewer than 12% of new homes nationwide [1] - The company focuses on creating healthier indoor environments and reducing utility costs for homeowners [1]
Prometheus Energetics Breaks Ground on New Solid Rocket Motor Manufacturing Campus in Indiana
Prnewswire· 2026-02-20 12:59
Core Insights - Prometheus Energetics has officially broken ground on a new solid rocket motor manufacturing campus in Indiana, marking a significant step in addressing the U.S. supply chain challenges in solid rocket motor production [1] - The new facility will span approximately 600 acres and is designed to support four production lines, with a capacity of up to 800 tons of domestic energetics manufacturing [1] - The establishment of this campus is a strategic move to enhance the U.S. defense industrial base and ensure reliable access to advanced energetics for U.S. and allied forces [1] Company Overview - Prometheus Energetics is a joint venture between Kratos Defense & Security Solutions and RAFAEL Advanced Defense Systems, focused on providing a resilient and scalable domestic supply of solid rocket motors [2] - Kratos has committed up to $175 million in capital for the establishment of Prometheus and its manufacturing campus, which includes investments in property, plant, equipment, and workforce development [1] - RAFAEL brings decades of expertise in energetics technologies, contributing to the production of systems like Iron Dome and David's Sling, while Kratos adds extensive U.S. production experience [1] Industry Context - The U.S. faces a growing gap in solid rocket motor production, which poses a national security vulnerability as demand for advanced munitions increases [1] - The Prometheus campus is part of a broader initiative to restore trusted domestic production capacity, critical for sustaining deterrence and operational readiness in defense [1] - The collaboration between Prometheus, ACMI, and local and federal stakeholders aims to align the campus development with workforce and infrastructure investments, enhancing the overall manufacturing ecosystem [1]
Duke Energy nuclear fleet sets new all-time reliability record, delivers value for customers
Prnewswire· 2026-02-20 12:57
Core Insights - Duke Energy's nuclear fleet achieved a record reliability in 2025, with a capacity factor of 96.9%, providing consistent power to over 8 million homes in the Carolinas [1][1][1] - The nuclear plants generated approximately $600 million in savings for customers through federal nuclear production tax credits, directly reducing costs [1][1][1] - The company is focused on extending the operational lifespan of its nuclear facilities, conducting power uprates, and engaging in advanced reactor development to meet growing energy demands [1][1][1] Company Overview - Duke Energy operates 11 nuclear units across six sites in the Carolinas, making nuclear energy its largest generation source [1][1] - The company serves 8.6 million customers across multiple states and has a total energy capacity of 55,100 megawatts [1][1] - Duke Energy is investing in electric grid upgrades and cleaner generation methods, including natural gas, nuclear, renewables, and energy storage [1][1] Future Strategy - The nuclear strategy aims to enhance reliability and capacity while ensuring low-cost power for customers [1][1] - The company emphasizes the importance of skilled teams operating the facilities to maintain high performance and reliability [1][1]
TDS announces first quarter 2026 dividends
Prnewswire· 2026-02-20 12:30
Core Viewpoint - Telephone and Data Systems, Inc. (TDS) has declared dividends for the first quarter of 2026 on various share classes, indicating a commitment to returning value to shareholders [1] Group 1: Dividend Announcements - TDS will pay a quarterly dividend of $375.0000 per share on its 6.000% Series VV Preferred shares, with payment scheduled for March 31, 2026, to holders of record on March 16, 2026 [1] - A quarterly dividend of $414.0625 per share will be paid on the 6.625% Series UU Preferred shares, also payable on March 31, 2026, to holders of record on March 16, 2026 [1] - Common Shares and Series A Common Shares will receive a quarterly dividend of $0.04 per share, payable on March 31, 2026, to holders of record on March 16, 2026 [1] Group 2: Company Background - TDS was founded in 1969 and provides broadband services and wireless infrastructure through its subsidiaries, TDS Telecom and Array Digital Infrastructure, Inc. [1] - Comprehensive financial information, including earnings releases and shareholder information, is available on TDS's investor relations website [1]
DeFi Technologies to host Webinar on DEFT Valour Investment Opportunity Index
Prnewswire· 2026-02-20 12:30
Core Insights - DeFi Technologies Inc. is hosting a webinar on February 24, 2026, to discuss the launch of the DEFT Valour Investment Opportunity Index, which aims to provide an institutional-grade benchmark for capital allocation in the digital asset market [1][1][1] Company Overview - DeFi Technologies Inc. is a financial technology company that connects traditional capital markets with decentralized finance (DeFi) [1][1] - The company is the first Nasdaq-listed digital asset manager, offering equity investors diversified exposure to the decentralized economy through an integrated business model [1][1] - DeFi Technologies includes subsidiaries such as Valour, Stillman Digital, Reflexivity Research, Neuronomics, and DeFi Alpha, each focusing on different aspects of digital assets and financial technology [1][1][1] Webinar Details - The webinar will feature Andrew Forson, President of DeFi and Chief Growth Officer at Valour, who will provide updates on the DVIO Index and discuss its implications for regulated investor flows and future market analytics [1][1][1] - Registration for the webinar is available through the company's website [1]
TDS reports fourth quarter and full year 2025 results
Prnewswire· 2026-02-20 12:30
Core Insights - TDS Telecom has significantly transformed in 2025, completing the largest transaction in its history with the sale of its wireless business and launching a new tower company, Array, which is now operational [1][2] - The company ended 2025 with 1.06 million marketable fiber service addresses and aims to increase this to 2.1 million by 2026, marking a growth of 300,000 addresses [1][2] - TDS reported total operating revenues of $330.7 million for Q4 2025, a 12% increase from $295.3 million in Q4 2024, and a total revenue of $1,228.2 million for the year, down 5% from $1,297.0 million in 2024 [1][2] Financial Performance - TDS Telecom's net income for Q4 2025 was $37.2 million, or $0.32 per diluted share, compared to $1.0 million, or $0.01 per diluted share in Q4 2024 [1][2] - For the full year 2025, net income attributable to TDS common shareholders was $48.2 million, or $0.39 per diluted share, compared to a loss of $141.4 million, or $(1.24) per diluted share in 2024 [1][2] - Array's site rental revenues grew by 51% year over year, contributing to a total operating revenue of $60.3 million in Q4 2025, compared to $26.1 million in Q4 2024 [2][3] Operational Highlights - TDS Telecom deployed 140,000 new marketable fiber service addresses in 2025, with fiber net additions of 44,900 [1][2] - The company repaid $150 million of debt in January 2026 and repurchased 1,765,863 common shares for $67.4 million in Q4 2025 [1][2] - Array paid a special dividend of $10.25 per share on February 2, 2026, following the sale of wireless spectrum to AT&T for $1.018 billion [1][2] 2026 Guidance - TDS estimates total operating revenues for TDS Telecom in 2026 to be between $1,015 million and $1,055 million, with adjusted EBITDA projected between $310 million and $350 million [1][2] - Array's estimated total operating revenues for 2026 are projected to be between $200 million and $215 million, with adjusted EBITDA expected to be between $50 million and $65 million [1][2] - Capital expenditures for TDS Telecom are estimated to be between $550 million and $600 million for 2026, compared to $406 million in 2025 [1][2]
PPL Corporation reports 2025 earnings results; provides business plan update through 2029, extending EPS growth targets
Prnewswire· 2026-02-20 12:30
PPL Corporation reports 2025 earnings results; provides business plan update through 2029, extending EPS growth targets [Accessibility Statement] Skip Navigation- Announces increase in quarterly common stock dividend to $0.2850 per share.- Updates capital plan to $23 billion of projected infrastructure investments from 2026 through 2029, resulting in average annual rate base growth of ~ 10.3% over the period.- Extends annual EPS growth target of 6% to 8% through at least 2029; expects EPS compound annual gr ...
Array reports fourth quarter and full year 2025 results
Prnewswire· 2026-02-20 12:30
Core Insights - Array Digital Infrastructure, Inc. reported strong financial results for Q4 and full year 2025, with total operating revenues of $60.3 million for Q4 2025, up from $26.1 million in Q4 2024, and full-year revenues of $163.0 million compared to $102.9 million in 2024 [1][2][3] - The company achieved a net income of $41.4 million for Q4 2025, significantly higher than $11.7 million in Q4 2024, and a full-year net income of $169.7 million compared to a loss of $85.9 million in 2024 [1][3] - Array is focused on integrating T-Mobile's MLA, increasing tower tenancy, and monetizing its spectrum assets, including a recent transaction with AT&T [1][2] Financial Performance - Total operating revenues for Q4 2025 were $60.3 million, a 131% increase year-over-year, while full-year revenues reached $163.0 million, a 58% increase from 2024 [1][2] - Net income attributable to Array shareholders for Q4 2025 was $41.4 million, translating to diluted earnings per share of $0.48, compared to $11.7 million and $0.13 in Q4 2024 [1][3] - For the full year 2025, net income was $169.7 million, with diluted earnings per share of $1.94, compared to a loss of $85.9 million and $(1.00) per share in 2024 [1][3] Operational Highlights - Co-location applications, excluding T-Mobile applications, increased by 47%, and site rental revenues rose by 51% [1][2] - The company owns 4,450 cell towers across 19 states, facilitating the deployment of 5G and other wireless technologies [2] - The tower tenancy rate was reported at 21.0% as of December 31, 2025, reflecting growth in co-location [2] Future Guidance - For 2026, Array estimates total operating revenues between $200 million and $215 million, with adjusted EBITDA expected in the range of $200 million to $215 million [1][2] - Capital expenditures for 2026 are projected to be between $25 million and $35 million [1][2] Strategic Transactions - Array closed a sale of spectrum licenses to AT&T for $1.018 billion on January 13, 2026, and has additional agreements with T-Mobile for spectrum licenses totaling $178 million [1][2] - A license purchase agreement with Verizon is expected to close in the second or third quarter of 2026, pending regulatory approval [1][2]
Fidelity National Financial Announces Quarterly Cash Dividend of $0.52
Prnewswire· 2026-02-20 12:30
Core Viewpoint - Fidelity National Financial, Inc. has declared a quarterly cash dividend of $0.52 per share, payable on March 31, 2026, to stockholders of record as of March 17, 2026 [1] Company Overview - Fidelity National Financial, Inc. is a leading provider of title insurance and transaction services to the real estate and mortgage industries [1] - The company is the largest title insurance provider in the United States, operating through its underwriters, which include Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title, and National Title of New York [1] - These underwriters collectively issue more title insurance policies than any other title company in the U.S. [1]
Azio AI Receives First ASIC Purchase Order and Advances Infrastructure Validation Initiative in Collaboration with Envirotech Vehicles (NASDAQ: EVTV)
Prnewswire· 2026-02-20 12:00
Core Insights - Azio AI Corporation has received its first purchase order from Envirotech Vehicles, Inc. for twenty-eight next-generation ASIC compute systems as part of an infrastructure validation initiative [1] - The collaboration aims to validate high-density power utilization, immersion cooling efficiency, uptime resilience, and compute economics under continuous-load conditions [1] Group 1: Strategic Deployment - Azio AI expects to begin delivery of the ASIC systems in the coming weeks, which will be deployed within EVTV's liquid-immersion-cooled modular container infrastructure platform [1] - The deployment will involve Azio AI's engineering team, including personnel with prior experience at NVIDIA, to support deployment, validation, and operational streamlining [1] - EVTV will own the ASIC compute systems while maintaining lease rights to the containerized power infrastructure [1] Group 2: Validation Phase - The initial ASIC deployment is structured to support specialized SHA-256 compute workloads, generating Bitcoin yields while establishing operational benchmarks for scalable multi-megawatt expansion [1] - The systems are expected to validate sustained high-density power utilization and immersion cooling efficiency [1]