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 ...

Core Insights - Keefe, Bruyette & Woods (KBW) has been ranked the No. 1 firm in multiple categories in the 2024 Extel All-America Team survey, showcasing its leadership in the financial services and fintech sectors [1][2] Group 1: Rankings and Achievements - KBW's Midcap Banks research franchise was voted No. 1 for the second consecutive year [2] - The Consumer Finance research team also ranked No. 1 for the second year in a row [2] - Corporate Access ranked No. 1 for the fourth straight year, while Equity Trading ranked No. 1 for the second consecutive year within the Financial Institutions Group (FIG) sector [2] - Notable individual rankings include Chris McGratty as No. 2 Midcap Banks Analyst and Sanjay Sakhrani as No. 2 Consumer Finance Analyst [2] - The Life Insurance Research Team and Non-Life Insurance Research Team both ranked as Runner-Up [2] Group 2: Company Overview - KBW operates in the U.S. and Europe through its broker-dealer subsidiaries and has established itself as a leading authority in various financial sectors including banking, insurance, and fintech [4] - Founded in 1962, KBW maintains industry-leading positions in research, corporate finance, mergers and acquisitions, as well as sales and trading in equities securities of financial services companies [4] Group 3: Survey Methodology - The 2024 All-America survey results reflect the opinions of 4,351 portfolio managers and analysts at 1,669 institutions, marking the sixth year of publication for the commission-weighted results [3] - The commission-weighted approach provides a more accurate reflection of how the buy-side values and rewards the sell-side for their research advisory services [3]

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 ...

Core Insights - Suburban Propane Partners, L.P. has partnered with the American Red Cross and Coppin State University to host a blood donation event aimed at raising awareness of sickle cell disease and the urgent need for blood donations [1][2] - Sickle cell disease disproportionately affects black and brown communities, with approximately 1 in 365 African American births diagnosed with the condition, necessitating community support and awareness [2][3] - Patients with sickle cell disease may require up to 100 units of blood annually, highlighting the critical demand for blood donors, particularly from the black and brown communities [2][3] Company Overview - Suburban Propane is a publicly traded master limited partnership listed on the NYSE, headquartered in Whippany, New Jersey, and has been in the customer service business since 1928 [4] - The company distributes propane, renewable propane, renewable natural gas, fuel oil, and related products and services, serving approximately 1 million customers across 42 states through around 700 locations [4] - Suburban Propane operates under three core pillars: Suburban Commitment, SuburbanCares®, and Go Green with Suburban Propane, emphasizing customer service, community support, and renewable energy initiatives [5]

● . . 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 ...

CHARLOTTE, N.C., Oct. 29, 2024 /PRNewswire/ -- Effective today, Adam Hicks will be added as a portfolio manager on the Allspring Multi-Sector Income Fund (NYSE American: ERC) at Allspring Global Investments (UK) Limited, one of the Fund's sub-advisors. In addition, Michael Lee will be removed as a portfolio manager from the Fund. There will be no changes to the investment philosophy or process as a result of this change.About Adam HicksAdam Hicks is a portfolio manager for the Global Fixed Income team at Al ...