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The Home Depot Announces Third Quarter Fiscal 2025 Results; Updates Fiscal 2025 Guidance
Prnewswire· 2025-11-18 11:00
Accessibility StatementSkip Navigation ATLANTA, Nov. 18, 2025 /PRNewswire/ -- The Home Depot, the world's largest home improvement retailer, today reported sales of $41.4 billion for the third quarter of fiscal 2025, an increase of $1.1 billion, or 2.8% from the third quarter of fiscal 2024. Total sales include approximately $900 million from the recent acquisition of GMS Inc. (GMS), which represents approximately eight weeks of sales in the quarter. Comparable sales for the third quarter of fiscal 2025 inc ...
Ethiopian Airlines selects RTX's Collins Aerospace for premium seating solutions across multiple fleets
Prnewswire· 2025-11-18 10:00
Accessibility StatementSkip Navigation Africa's largest airline expands in-flight comfort with Collins' Elevation suites and Parallel Diamond business class seats DUBAI, UAE, Nov. 18, 2025 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, signed an agreement with Ethiopian Airlines at the Dubai Air Show to provide premium lie-flat business class seating solutions across Ethiopian's number of fleet of Airbus A350 and Boeing 737 MAX aircraft. Ethiopian Airlines' 11 new A350-900 aircraft will fea ...
Boeing: Middle East Airlines Enter New Era of Growth as Region's Fleet Will More Than Double by 2044
Prnewswire· 2025-11-18 09:37
Core Insights - Middle East carriers are set to experience significant growth, with the region's airplane fleet expected to more than double over the next 20 years, leading to an increase in global passenger traffic share to over 10% by 2044 [1][6] Fleet Expansion and Demand - The region's airlines will require nearly 1,400 widebody passenger jets by 2044, representing the largest share of new deliveries globally, driven by the need for more fuel-efficient fleets [2][4] - Total new aircraft deliveries from 2025 to 2044 are projected to be 2,950, including 1,370 widebody jets, 1,430 single-aisle jets, 30 regional jets, and 120 freighters [4] Economic and Connectivity Growth - The growth in passenger traffic in the Middle East is outpacing global GDP growth, reinforcing the region's role as a global connector for travelers [3] - Low-cost carriers are expected to expand to nearly 25% of Middle East seat capacity, catering to the middle-class and tourism demand within the region and to South Asia and Europe [7] Cargo and Logistics Development - Middle Eastern carriers are also expanding freight capacity, with about 75% of the 185 freighter deliveries expected by 2044 being large twin-engine jets designed for high-value and time-sensitive cargo [3][6] Service and Workforce Requirements - To support network expansion and fleet growth, there is a projected demand for $455 billion in commercial aviation services and 234,000 new aviation personnel in the region [7]
Moomoo's Parent Company Futu Releases Q3 2025 Results: Net Income Up 137% YoY to US$425.7 Million
Prnewswire· 2025-11-18 09:31
Core Insights - Futu Holdings Ltd. reported Q3 2025 earnings with revenues of US$822.9 million, an increase of 86.3% year-over-year, and non-GAAP adjusted net income of US$425.7 million, up 136.9% YoY [1][2] User Growth and Market Expansion - As of September 30, 2025, the company had 28.16 million registered users, 5.61 million brokerage accounts, and 3.13 million funded accounts, with total client assets reaching US$159.5 billion, a 27% increase quarter-over-quarter and 79% year-over-year [2] - The company experienced significant growth in funded accounts in Malaysia, Japan, and Canada, while Australia and New Zealand saw strong user base expansion, with Moomoo becoming the most downloaded trading app in Australia [3] Trading Volume and Market Performance - Trading volume across all asset classes surged to US$501.3 billion, a 105% increase YoY, with US equities and Hong Kong equities recording volumes of US$334 billion and US$153 billion, up 70% and 243% YoY, respectively [4] - Cryptocurrency assets increased by 90% in size compared to the previous quarter, with trading volume and number of traders growing by 161% and 87% QoQ [4] Innovation and Product Development - The company enhanced its platforms with advanced technologies, becoming the first brokerage to integrate AI capabilities in Canada, Australia, and Malaysia, achieving a 90% satisfaction rate from users [5] - New features included US stock over-the-counter trading for Malaysian investors and seamless reinvestment options for Japanese investors, alongside a subscription service for US IPOs [6] Product Diversification - Moomoo expanded its product offerings, providing access to Bursa derivatives in Malaysia, launching a flexible credit income fund in Singapore, and adding Solana trading in Hong Kong [7] Community Engagement - The company integrated digital platforms with offline experiences, highlighted by the MooFest event attracting 28,000 investors, reinforcing its role in financial education [8][9] Industry Recognition - Moomoo received multiple awards, including "WealthTech of the Year" and "Best Brokerage for Beginner Investors," and achieved high user ratings across various markets [10][11]
Gulf Air Increases Boeing 787 Dreamliner Order
Prnewswire· 2025-11-18 09:09
Core Insights - Gulf Air has finalized an order for 15 Boeing 787 Dreamliners, with options for three additional jets, enhancing its international network development [1][2] - This order increases Gulf Air's total commitment to 17 Boeing 787s, building on a previous order made in July 2025 [2] - The agreement was signed during the Dubai Airshow, highlighting the ongoing partnership between Gulf Air and Boeing [2][3] Gulf Air's Strategic Goals - The acquisition of the Boeing 787 Dreamliners is a significant step in Gulf Air's long-term fleet development strategy, aimed at increasing capacity and strengthening long-haul operations [3] - Gulf Air intends to enhance passenger experience and sustainability through the use of the 787, which is known for its fuel efficiency and advanced passenger comfort features [3][4] Boeing's Positioning - Boeing emphasizes the 787 Dreamliner as a cornerstone of Gulf Air's fleet, aligning with the airline's commitment to operational excellence and sustainability [4] - The 787 features advanced technology, including larger windows, improved cabin pressure, and turbulence-sensing capabilities, contributing to a more comfortable travel experience [5] Market Impact - Gulf Air's expansion plans will allow it to serve over 50 destinations across Asia, Europe, and the U.S., positioning the airline for growth in both new and existing markets [3]
Baidu Announces Third Quarter 2025 Results
Prnewswire· 2025-11-18 09:00
Core Insights - Baidu reported its third-quarter financial results for 2025, highlighting the transformative impact of AI across its business portfolio, particularly in AI Cloud and autonomous driving services [2][3][6]. Financial Performance - Total revenues for Q3 2025 were RMB 31.2 billion ($4.38 billion), a decrease of 7% year-over-year [9]. - Operating loss was RMB 15.1 billion ($2.12 billion), with Baidu Core operating loss at RMB 15.0 billion ($2.10 billion) [12]. - Net loss attributable to Baidu was RMB 11.2 billion ($1.58 billion), with diluted loss per ADS at RMB 33.88 ($4.76) [14]. - Non-GAAP net income attributable to Baidu was RMB 3.8 billion ($530 million), with a non-GAAP diluted earnings per ADS of RMB 11.12 ($1.56) [14]. Business Segments - AI Cloud revenue reached RMB 4.2 billion, up 33% year-over-year, driven by increased enterprise adoption [18]. - Revenue from AI-native marketing services surged 262% year-over-year to RMB 2.8 billion, indicating strong demand for performance-driven AI solutions [18]. - Apollo Go, Baidu's autonomous ride-hailing service, provided 3.1 million fully driverless rides in Q3 2025, marking a 212% increase year-over-year [6][7]. Strategic Developments - Baidu introduced a new AI-native view to better reflect its AI-powered assets and enhance investor visibility [8]. - The company launched ERNIE 5.0, an advanced omni-modal foundation model, showcasing its commitment to AI innovation [6]. - Baidu's ESG evaluations improved, and it was recognized in Fortune's Change the World 2025 list for its positive social impact through Apollo Go [6]. Operational Highlights - As of October 2025, Apollo Go's global operations expanded to 22 cities, achieving 100% fully driverless operations in all cities where it operates [7]. - Baidu App's monthly active users reached 708 million, reflecting a 1% year-over-year increase [18]. Cash and Investments - Total cash and investments as of September 30, 2025, were RMB 296.4 billion ($41.64 billion) [16]. - Operating cash flow was RMB 1.3 billion ($176 million), with an adjusted figure excluding iQIYI at RMB 1.5 billion ($214 million) [16].
Nautical Ventures Achieves 40% Year-Over-Year Sales Lift Surrounding FLIBS 2025
Prnewswire· 2025-11-18 09:00
Core Insights - Vision Marine Technologies Inc. reported a 40% year-over-year increase in marketing-attributed sales during the 2025 Fort Lauderdale International Boat Show (FLIBS) campaign period [1][4] - Sales activity reached approximately US$10.4 million and 30 boats sold, compared to US$7.4 million and 20 boats in the same period in 2024 [2] - The company attributes its strong performance to focused pre-show marketing and coordinated brand activations [4][5] Sales Performance - The sales increase was measured from September 30 through November 12, encompassing a one-month pre-show and two-week post-show window [2] - Nautical Ventures' total retail performance for the campaign period represented a 40% increase in total volume and value over the comparable 2024 timeframe [4] Marketing Strategy - The company executed focused pre-show marketing and brand activations four weeks prior to FLIBS, which significantly contributed to sales [4] - Integrated digital and social outreach, targeted CRM activity, and on-water demonstration initiatives were key components of the marketing strategy [4] Event Engagement - At FLIBS 2025, Vision Marine and Nautical Ventures showcased a comprehensive display, combining electric and internal-combustion platforms [5][6] - The AquaZone™ presented by Nautical Ventures achieved higher attendance and consumer participation than the previous year, generating more qualified leads and retail inquiries [5] Future Outlook - Vision Marine expects to finalize its full FLIBS campaign results by the end of November and continues to focus on retail efficiency and event-based marketing initiatives [7] - The company aims to drive sustained consumer engagement across its eight Nautical Ventures locations in Florida [7][8]
ELBIT SYSTEMS REPORTS THIRD QUARTER 2025 RESULTS
Prnewswire· 2025-11-18 08:54
Core Insights - Elbit Systems reported strong quarterly results with significant growth in sales and profits, alongside a record order backlog exceeding $25 billion, indicating long-term visibility for future operations [3][14]. Financial Performance - Revenues for Q3 2025 were $1.92 billion, up from $1.72 billion in Q3 2024, reflecting a year-over-year increase of approximately 11.8% [4]. - GAAP net income for Q3 2025 was $133.4 million (6.9% of revenues), compared to $79.1 million (4.6% of revenues) in Q3 2024, marking a 68.5% increase [12]. - Non-GAAP net income for Q3 2025 was $159.8 million (8.3% of revenues), up from $98.8 million (5.8% of revenues) in Q3 2024, representing a 61.7% increase [12]. - GAAP diluted earnings per share (EPS) were $2.80 for Q3 2025, compared to $1.77 in Q3 2024, while non-GAAP diluted EPS were $3.35, up from $2.21 [13]. Revenue Breakdown - Aerospace revenues decreased by 3% year-over-year, primarily due to reduced Precision Guided Munition sales in Asia Pacific, offset by increased sales in Israel [5]. - C4I and Cyber revenues increased by 14%, driven by sales of radio systems and command and control systems in Europe [5]. - Land revenues surged by 41%, mainly due to ammunition and munition sales in Israel and Europe [5]. - Elbit Systems of America revenues decreased by 2%, attributed to lower sales in electronic systems and medical instrumentation [5]. Order Backlog and Market Demand - The order backlog reached $25.2 billion as of September 30, 2025, with approximately 69% of this backlog from international orders [14]. - The ongoing global conflicts and increased defense budgets have led to heightened demand for Elbit Systems' products, particularly from the Israel Ministry of Defense [16]. Operational Challenges - The company faced operational disruptions due to supply chain constraints and increased transportation costs stemming from conflicts in the Middle East [17]. - Elbit Systems has implemented measures to mitigate these disruptions and maintain business continuity [18]. Recent Developments - On November 17, 2025, Elbit Systems signed a strategic international contract valued at approximately $2.3 billion, to be executed over eight years [19]. - The Board of Directors declared a dividend of $0.75 per share, with a record date of December 22, 2025 [20].
Ardagh Metal Packaging S.A. Release of Supplemental Company Information
Prnewswire· 2025-11-18 08:23
Accessibility StatementSkip Navigation LUXEMBOURG, Nov. 18, 2025 /PRNewswire/ -- Ardagh Metal Packaging S.A. (NYSE: AMBP) announces that it has published certain supplemental company information on its website. Such supplemental company information is available at the following url: https://ir.ardaghmetalpackaging.com/InvestorPresentationNov2025 About Ardagh Metal Packaging Ardagh Metal Packaging (AMP) is a leading global supplier of sustainable and infinitely recyclable metal beverage cans to brand owners ...
MINISO LAND Wins Best New Store Concept at MAPIC Awards 2025
Prnewswire· 2025-11-18 08:09
Core Insights - MINISO has been awarded the "Best New Store Concept" at the MAPIC Awards 2025 for its innovative MINISO LAND store concept, which emphasizes experiential retail and IP-driven content [1][2][5] Group 1: Award Recognition - The MAPIC Awards are recognized as a leading accolade in the global commercial real estate sector, celebrating creativity and commercial impact in retail innovation [2][6] - The jury highlighted MINISO LAND's high return rate and strong consumer appeal, positioning it as a destination brand that enhances foot traffic for property owners [6][9] Group 2: Store Concept and Performance - MINISO LAND features over 70 iconic IP zones, with 70-80% of products being IP collaborations, creating immersive shopping experiences [4][5] - Since its opening, the Shanghai MINISO LAND has generated over 100 million yuan (approximately US$14 million) in sales within nine months, with IP products contributing 79.6% of revenue and a repeat purchase rate of 35%-40% [5][6] Group 3: Global Expansion Strategy - Following the success of MINISO LAND, the company is accelerating its global deployment, aiming to create immersive environments that extend beyond traditional shopping [7][9] - MINISO has established flagship stores in key European cities, including Paris, London, Madrid, and Amsterdam, with a total of 319 stores opened in Europe by June 2025 [8][9]