NORTH BETHESDA, Md., Nov. 15, 2024 /PRNewswire/ -- Federal Realty Investment Trust (NYSE:FRT) announced today that Jeffrey S. Berkes, the Company's President and Chief Operating Officer, will be leaving the company effective December 31, 2024. Don Wood, Federal's Chief Executive Officer, commented, "Jeff has been my trusted partner and good friend here at Federal for the past 24 years and has been instrumental in growing the company and positioning the company as a leader in the industry. He's one of the fi ...

Team, Inc. (TISI) delivered mixed results for third-quarter 2024, demonstrating resilience in its U.S. operations and continued challenges in the international markets. The company saw growth in its core segments, supported by cost-saving measures and operational improvements, particularly in high-margin areas like heat treating and aerospace services.However, international headwinds, especially in Canada, weighed on the bottom line, highlighting areas for further focus and efficiency gains. As management r ...

Financial Data and Key Metrics Changes - For Q3 2024, revenue increased by 2% compared to Q3 2023, primarily due to a 6% rise in revenue from U.S. Inspection and Heat Treating and Mechanical Services segments [10] - Adjusted EBITDA for Q3 2024 was $11.3 million, with nearly $40 million generated in the first nine months of 2024, marking a 21% improvement over the same period in 2023 [12][22] - Gross margin for Q3 2024 was 25.4%, and the consolidated net loss decreased to $11.1 million, a $1 million improvement year-over-year [20] Business Line Data and Key Metrics Changes - U.S. revenue growth was driven by strong turnaround and nested activity, while Canadian segments experienced lower revenue due to reduced project work [10] - Heat Treating revenue increased by 41% and aerospace revenue rose by 32% in Q3 2024, reflecting a focus on higher margin revenue streams [16] Market Data and Key Metrics Changes - The company is experiencing healthy activity levels across both segments and anticipates further improvement in margin performance and financial results compared to 2023 [18] Company Strategy and Development Direction - The company has been executing a strategic roadmap aimed at improving financial performance, simplifying the business, and enhancing margins [7][8] - A focus on strict cost discipline and revenue growth initiatives is expected to strengthen financial position and accelerate cash flow growth [17] Management's Comments on Operating Environment and Future Outlook - Management revised full-year guidance for 2024, projecting total revenue between $845 million and $860 million, with adjusted EBITDA between $53 million and $55 million [26] - For 2025, the company expects low-to-mid single-digit revenue growth and improved performance from Canadian operations, aiming for an adjusted EBITDA margin of at least 10% [27] Other Important Information - The company successfully amended and extended its ABL credit facility, improving accessibility and pricing, which strengthens the balance sheet [24] - The management expressed confidence in the strategic roadmap and the improvements made over the past two years [21] Summary of Q&A Session - The conference call concluded without any questions being raised by participants [30]

The firm broadens its co-investment capabilities with the additions of five senior team members Global appointments highlight continued growth within the asset class and historic success of the firm's Direct Equity platform, which stands at $15.3 billion in AUM* CONSHOHOCKEN, Pa., Nov. 12, 2024 /PRNewswire/ -- Leading private markets investment management firm Hamilton Lane (Nasdaq: HLNE) today announced the expansion of its Direct Equity Investment Team, with the appointment of five new senior team member ...

EVANSVILLE, Ind., Nov. 08, 2024 (GLOBE NEWSWIRE) -- Old National Bancorp’s (“Old National”) information security team has been named a Top 50 Information Security Team Award winner in the 2024 OnCon Icon Awards. The award was presented on Oct. 22 during the OnCon Icon Awards virtual presentation. The OnCon Icon Awards recognize the top information security teams worldwide through peer and community voting. Teams are rated according to their impact on their organization, thought leadership contributions to t ...

SUGAR LAND, Texas, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today announced that it will issue its third quarter 2024 earnings release on Monday, November 11, 2024 after the close of trading on the New York Stock Exchange. TEAM will host a conference call to discuss its ...

BALTIMORE and WHIPPANY, N.J., Oct. 31, 2024 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane, renewable propane, renewable natural gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity and investor in low carbon fuel alternatives, partnered with the American Red Cross and Coppin State University in Baltimore on October 30th to host a blood donation event focused on raising awareness of sickle cell disease, and th ...

● . . Scorpio Appoints Leo Hathaway as Technical Advisor, Further Strengthens Team October 31, 2024 5:30 AM EDT | Source: Scorpio Gold Corp Vancouver, British Columbia--(Newsfile Corp. - October 31, 2024) - Scorpio Gold Corporation (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", or the "Company") is pleased to announce the appointment of Leo Hathaway to its advisory panel. Leo Hathaway, P. Geo., is a Professional Geologist with 30 years of experience in the mineral exploration industry and is current ...

MILWAUKEE, Oct. 30, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") announced today the appointment of Phillip Trier and Gregory Warsek to its Executive Leadership Team (ELT), effective November 1, 2024. Phillip Trier, EVP, Head of Corporate and Commercial Banking Phillip Trier, EVP, Head of Corporate and Commercial Banking Greg Warsek, EVP, Deputy Head of Commercial Real Estate and Facilities Greg Warsek, EVP, Deputy Head of Commercial Real Estate and Facilities Phillip Trier, 46, will ...

HESPERIA, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) ("5E" or the "Company"), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas Complex, announced the appointment of Kenneth Hoo to its commercial strategy team. Mr. Hoo joins the Company as its Vice President of Commercial Products - APAC, bringing more than 17 years of borates industry experience to the organization, having held several roles in ...