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Michelin: Publication of the preparatory documentation for the Annual Shareholders Meeting of May 16, 2025
Globenewswire· 2025-04-18 07:00
Group 1 - The Annual Shareholders Meeting of Michelin is scheduled for May 16, 2025, at Zénith d'Auvergne, France [2] - Shareholders will receive a notice of meeting that includes a voting form, agenda, resolutions for approval, and participation details [3] - Documentation related to the meeting is available on Michelin's website and can also be requested from the Company [4] Group 2 - The event will be broadcast live in both French and English on the Company's website, with a replay available for two years [4] - Key dates in the investor calendar include the quarterly information release on April 24, 2025, and the dividend payment date on May 23, 2025 [7]
Gen Completes Acquisition of MoneyLion, Accelerating the Company's Leadership in Financial Wellness
Prnewswire· 2025-04-17 13:00
Core Insights - Gen Digital Inc. has successfully completed the acquisition of MoneyLion Inc. for $82.00 per share, totaling approximately $1 billion, which enhances Gen's leadership in financial wellness [1] - The acquisition aims to empower consumers to manage and protect their digital and financial lives through a combination of Gen's Consumer Cyber Safety Platform and MoneyLion's financial ecosystem [1] - MoneyLion shareholders will receive a contingent value right (CVR) offering a potential additional payment of $23.00 in Gen common stock, contingent on specific performance criteria [1] Company Overview - Gen Digital Inc. is a global leader focused on Digital Freedom, offering trusted consumer brands such as Norton, Avast, LifeLock, and MoneyLion, aimed at providing financial empowerment and cyber safety [3] - The company serves nearly 500 million users across more than 150 countries, delivering award-winning products and services in cybersecurity, online privacy, identity protection, and financial wellness [3] Future Plans - Gen will discuss its expanded financial wellness offerings during its Fiscal 2025 Q4 and Full-Year Earnings Call scheduled for May 6, 2025 [2]
New York Sues DailyPay and MoneyLion, Alleging Abusive Lending Practices
PYMNTS.com· 2025-04-14 23:47
Core Viewpoint - The New York State Attorney General has filed lawsuits against earned wage access providers DailyPay and MoneyLion, accusing them of illegal and deceptive practices akin to payday lending, with fees leading to annual interest rates as high as 750% [1][2]. Group 1: Legal Allegations - The lawsuits claim that the companies employ abusive tactics to encourage borrowers to take out new loans to cover previous debts [2]. - The Attorney General stated that these companies profit significantly by taking advantage of workers' wages, emphasizing that New Yorkers should retain their earned income rather than fall victim to predatory lending [2]. Group 2: Company Responses - DailyPay has filed a lawsuit seeking declaratory relief against the New York State Attorney General, arguing that its services do not constitute loans and thus are not subject to state usury laws [3]. - DailyPay's Chief Legal and Strategy Officer highlighted that other states have implemented consumer protection legislation for earned wage access services, suggesting that the Attorney General's actions may push consumers towards more harmful financial options [4]. Group 3: Legal Objectives - The lawsuits aim to terminate the payday lending practices of these companies in New York, seek restitution for affected borrowers, and impose civil penalties and costs [5].
Michelin: Standard & Poor’s upgrades Michelin’s Long-Term rating by one notch to 'A', with a Stable outlook
Globenewswire· 2025-04-01 08:00
Core Viewpoint - Standard & Poor's has upgraded Michelin's Long-Term Issuer Default Rating from 'A-' to 'A' with a Stable outlook, reflecting confidence in the company's financial stability and performance [1][3]. Group 1: Rating Upgrade - The upgrade by Standard & Poor's is part of a trend, following similar upgrades by Fitch and Moody's, indicating a positive shift in Michelin's creditworthiness [3]. - The agency anticipates that Michelin will maintain a very strong balance sheet in 2025 and 2026, supported by strong profitability and solid free operating cash flow [2]. Group 2: Financial Resilience - Michelin's credit metrics are expected to remain resilient even in scenarios of prolonged tariff implementation, due to its high degree of local production in the U.S. and its ability to pass through higher costs [2].
Michelin: TBC Corporation to divest its Midas franchise network to focus on core businesses
Globenewswire· 2025-03-31 16:08
Core Insights - TBC Corporation is divesting its Midas franchise network to concentrate on its core businesses, which include tire wholesale, distribution, and Big O Tires [2][3] - The divestiture is expected to enhance TBC's growth and value in its primary operations, while also strengthening the commercial agreement between Michelin and Mavis Tire Express Service Corp [3] - The transaction is anticipated to close in the coming weeks, pending regulatory approval, and is projected to positively impact Michelin Group's net result by approximately $200 million in 2025 [4]
MoneyLion Inc. (ML) Increases Yet Falls Behind Market: What Investors Need to Know
ZACKS· 2025-03-25 23:05
Company Performance - MoneyLion Inc. (ML) closed at $88.01, with a +0.05% change compared to the previous day, underperforming the S&P 500's 0.16% gain [1] - Over the past month, shares of MoneyLion Inc. have increased by 2.89%, while the Business Services sector and the S&P 500 have decreased by 3.54% and 3.59%, respectively [1] Earnings Projections - The upcoming earnings report for MoneyLion Inc. is projected to show earnings per share (EPS) of $0.98, representing a 63.33% increase from the same quarter last year [2] - Revenue is estimated at $156.61 million, reflecting a 29.41% rise from the equivalent quarter last year [2] - For the annual period, earnings are anticipated to be $3.05 per share and revenue at $665.17 million, indicating increases of +301.32% and +21.85% from the previous year [3] Analyst Estimates and Rankings - Recent modifications to analyst estimates for MoneyLion Inc. indicate a favorable outlook on the company's business health and profitability [4] - The Zacks Rank system currently rates MoneyLion Inc. as 5 (Strong Sell), with a 19.97% decrease in the consensus EPS estimate over the last 30 days [6] Valuation Metrics - MoneyLion Inc. is trading at a Forward P/E ratio of 28.89, which is a premium compared to the industry average Forward P/E of 15.36 [7] - The Financial Transaction Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 137, placing it in the bottom 46% of over 250 industries [7]
Michelin: Restatement of segment reporting of interim periods (Q1, H1, 9M) 2024
Globenewswire· 2025-03-25 13:00
Core Viewpoint - The company has restated its segment reporting for interim periods (Q1, H1, 9M) of 2024, primarily due to changes in the scope of reporting segments, particularly affecting the Two-wheel tire business, which is now included in the SR1 segment [1] Group 1: Segment Reporting Changes - The Two-wheel tire business is now consolidated in the SR1 segment, aligning with the internal reporting process [1] - The restated values for Q1, H1, and 9M 2024 will serve as reference values for future publications in 2025 and beyond [1] Group 2: Financial Data Summary - For SR1, the restated sales figures are as follows: Q1 2024 restated at €3,518 million, H1 2024 restated at €7,151 million, and 9M 2024 restated at €10,777 million, with a full year (FY) 2024 restated at €14,667 million [2] - The SOI (Segment Operating Income) for SR1 is restated at €946 million for H1 2024 and €1,917 million for FY 2024, with SOI percentages of 13.2% for H1 and 13.1% for FY [2] - For SR2, the restated sales figures are €1,584 million for Q1 2024, €3,232 million for H1 2024, and €4,909 million for 9M 2024, with a full year (FY) 2024 restated at €6,599 million [2] - The SOI for SR2 is restated at €306 million for H1 2024 and €597 million for FY 2024, with SOI percentages of 9.5% for H1 and 9.0% for FY [2] - For SR3, the restated sales figures are €1,539 million for Q1 2024, €3,098 million for H1 2024, and €4,485 million for 9M 2024, with a full year (FY) 2024 restated at €5,926 million [2] - The SOI for SR3 is restated at €530 million for H1 2024 and €864 million for FY 2024, with SOI percentages of 17.1% for H1 and 14.6% for FY [2] - The overall group sales for Q1 2024 are restated at €6,642 million, with H1 2024 at €13,481 million and FY 2024 at €27,193 million [2] - The group SOI for H1 2024 is restated at €1,782 million, with FY 2024 at €3,378 million, resulting in SOI percentages of 13.2% for H1 and 12.4% for FY [2]
MoneyLion Inc. (ML) Increases Despite Market Slip: Here's What You Need to Know
ZACKS· 2025-03-18 23:06
Group 1 - MoneyLion Inc. stock closed at $87.61, showing a +0.59% change, outperforming the S&P 500, which fell by 1.07% [1] - Over the past month, MoneyLion shares decreased by 0.18%, while the Business Services sector and S&P 500 declined by 9.45% and 7.03% respectively [1] Group 2 - The upcoming earnings release is anticipated, with projected EPS of $0.98, a 63.33% increase year-over-year, and revenue forecasted at $156.61 million, reflecting a 29.41% growth [2] - For the full year, earnings are estimated at $3.05 per share and revenue at $665.17 million, indicating increases of +301.32% and +21.85% respectively from the previous year [3] Group 3 - Recent shifts in analyst projections for MoneyLion Inc. should be monitored, as upward revisions indicate positive sentiment regarding the company's operations and profit generation [4] - Changes in estimates are linked to stock price performance, with the Zacks Rank model providing a rating system based on these changes [5] Group 4 - The Zacks Rank system, ranging from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have averaged a +25% annual return since 1988; currently, MoneyLion Inc. holds a Zacks Rank of 5 (Strong Sell) [6] Group 5 - MoneyLion Inc. has a Forward P/E ratio of 28.6, which is higher than the industry average of 15.27, indicating it is trading at a premium [7] - The Financial Transaction Services industry, part of the Business Services sector, has a Zacks Industry Rank of 132, placing it in the bottom 48% of over 250 industries [7]
Michelin | Disclosure of the total number of voting rights and of the number of shares making up the Company’s capital
Globenewswire· 2025-03-07 13:00
Core Points - The total number of shares for Compagnie Générale des Établissements Michelin as of February 28, 2025, is 705,747,272, with a total number of theoretical voting rights amounting to 1,022,616,684 [1]. Group 1 - The company has a registered capital of EUR 352,873,636 [1]. - The disclosure is in accordance with Articles L.233-8 of the French Commercial Code and 223-16 of the General Regulation of the Autorité des Marchés Financiers [1]. - The number of voting rights is confirmed to be 1,022,616,684 [1].
Michelin: Disclosure of trading in own shares - March 05th, 2025
Globenewswire· 2025-03-07 08:30
Group 1 - The company Michelin has initiated a securities repurchasing program, specifically for its ordinary shares, with the ISIN code FR 0000121261 [1] - On March 5, 2025, Michelin acquired a total of 36,500 shares at an average price of €34.0013 per share through over-the-counter transactions [1] - The repurchase is part of a broader strategy to manage capital and enhance shareholder value [2]