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Team, Inc. Reports Third Quarter 2025 Results
Globenewswire· 2025-11-12 21:45
Core Insights - Team, Inc. reported a solid third quarter with revenue increasing by 6.7% year-over-year to $225.0 million, driven by growth in Mechanical Services and Inspection & Heat-Treating segments [4][6][7] - The company completed a private placement of preferred stock with Stellex Capital Management, enhancing its financial flexibility and balance sheet [4][5] - Adjusted EBITDA increased by 28.6% to $14.5 million, marking the best third quarter performance since 2016 [4][9] Financial Performance - Third quarter revenues reached $225.0 million, up $14.2 million or 6.7% year-over-year, primarily from U.S. Mechanical Services and Inspection & Heat-Treating businesses [6][7] - Gross margin improved to $58.0 million, an increase of $4.5 million or 8.4% compared to the same quarter in 2024 [7][26] - The company reported a net loss of $11.4 million, compared to a net loss of $11.1 million in the third quarter of 2024 [9][25] Segment Performance - Inspection and Heat-Treating (IHT) revenues grew by $6.2 million or 5.7%, with U.S. revenue up 5.3% [12][33] - Mechanical Services (MS) revenues increased by $8.0 million or 7.8%, with U.S. revenue up 12.6% [12][33] - IHT operating income rose by 16.9% to $11.5 million, while MS operating income increased by approximately 31.2% [13][33] Balance Sheet and Liquidity - As of September 30, 2025, the company had total liquidity of $57.1 million, including $10.6 million in cash and cash equivalents [17][18] - Total debt decreased to $302.8 million from $325.1 million at the end of fiscal year 2024, primarily due to the preferred stock sale [18][27] Future Outlook - The company expects year-over-year top-line growth and improved Adjusted EBITDA in the fourth quarter [5] - For the full year, revenue is anticipated to increase by approximately 5% and Adjusted EBITDA by approximately 13% [5]
Isaiah Hartenstein Joins Team Skechers
Businesswire· 2025-11-12 15:00
Core Insights - Skechers has signed Isaiah Hartenstein, center for the Oklahoma City Thunder and winner of the 2025 NBA Finals, to its roster, showcasing the brand's commitment to attracting top talent in basketball [2][3] - Hartenstein will wear the SKX NEXUS™ basketball shoes, which are designed for speed, stability, and support, and will participate in upcoming marketing campaigns for Skechers [2][3] - The partnership highlights Skechers' strategy to align with elite athletes to enhance brand visibility and credibility in the competitive sports footwear market [3][4] Company Overview - Skechers, based in Southern California, designs and markets a diverse range of lifestyle and performance footwear, apparel, and accessories for all demographics, available in 180 countries [6] - The company operates approximately 5,300 retail stores and has a robust international business model through subsidiaries and joint ventures [6] Athlete Roster - Hartenstein joins an elite roster of Skechers Basketball athletes, including NBA stars like Joel Embiid and Julius Randle, as well as WNBA players [4] - This strategic athlete partnership aims to enhance the brand's image and reach within the sports community [4] Product Availability - Skechers Basketball footwear is available through various channels, including the brand's websites, select stores, and specialty retailers globally [5]
Houlihan Lokey Continues to Strengthen European Financial Sponsors Coverage Team With Senior U.K. Hire
Businesswire· 2025-11-12 10:00
Core Insights - Houlihan Lokey has strengthened its European Financial Sponsors Coverage team with the appointment of Neil Price as Managing Director in London, aiming to expand client relationships in the U.K. market and grow the overall sponsor business across Europe [1][2]. Company Developments - Neil Price joins from Mayfair Equity Partners, where he was Head of Originations, and has nearly two decades of experience at Lloyds Banking Group in senior leadership roles [3]. - The addition of Price follows the recent hiring of Martin Rezaie as Managing Director in Germany, indicating Houlihan Lokey's ongoing growth and leadership in advising financial sponsors [2][5]. Team and Expertise - The Financial Sponsors Group at Houlihan Lokey consists of over 35 professionals, including 24 Managing Directors across eight countries, managing approximately 1,900 relationships with private equity firms, credit funds, family offices, and sovereign wealth funds [5]. - The firm is recognized as a leading advisor to alternative capital providers, with a strong focus on delivering exceptional outcomes for financial sponsors [5]. Strategic Positioning - Neil Price's extensive experience in origination, structuring, and execution, along with his established relationships in the private market community, is expected to enhance the capabilities of the Financial Sponsors Coverage team [4][5]. - The firm emphasizes its global reach, deep market insight, and collaborative approach as key factors in helping clients execute complex transactions and create lasting value [5].
Sekur Private Data Signs Partnership with Quaestor Federal Consulting - Creates National Security Team for U.S. Government Sales
Accessnewswire· 2025-11-10 13:30
Core Insights - Sekur has formed a partnership with Quaestor Federal Consulting to establish the Sekur National Security Team, aimed at enhancing its capabilities in the U.S. National Security sector [1] Company Overview - Sekur is a Swiss-hosted cybersecurity and private communications platform [1] - Quaestor Federal Consulting is a Service-Disabled Veteran-Owned Small Business (SDVOSB) primarily composed of military veterans and senior national security leaders [1] Strategic Initiatives - The partnership will focus on introducing, integrating, and developing Sekur's capabilities to support the U.S. National Security environment [1]
Fosun International Honored with Gold Award and Best Sustainability Team at The Asset Corporate Sustainability Leadership Awards 2025
Prnewswire· 2025-11-07 01:00
Core Insights - Fosun International Limited was awarded "The Asset Corporate Sustainability Leadership Awards 2025 – Gold Award" and "Best Sustainability Team" at a ceremony in Singapore, recognizing its commitment to sustainable development [1][2]. ESG Performance - The awards were renamed to emphasize a holistic commitment to sustainability, and Fosun's performance was evaluated based on financial performance, corporate governance, social responsibility, environmental protection, investor relations, information disclosure, and corporate communication [2]. - Fosun has maintained an MSCI ESG rating of AA and has been included in the S&P Global Sustainability Yearbook 2025, ranking in the top 1% in the China Edition [4]. Innovation and Social Contribution - Fosun's innovative biopharmaceutical products have reached nearly 60 countries, benefiting over 850,000 patients, with key products like HANQUYOU and HANSIZHUANG approved in multiple regions [5]. - The company has made significant contributions to malaria treatment, with over 84 million patients treated using its artesunate for injection by mid-2025 [7]. Climate Action and Low-Carbon Transformation - Fosun is actively driving climate action, integrating carbon neutrality into management performance, and has set goals to peak carbon emissions by 2028 and achieve carbon neutrality by 2050 [10][9]. - The company has established a comprehensive ESG management mechanism, including an ESG Board Committee and an ESG Executive Committee to oversee and implement ESG strategies [11]. Corporate Social Responsibility - Fosun Foundation, established in 2012, focuses on global emergency relief, rural revitalization, health, education, and youth development, benefiting millions of rural families through various programs [8]. - The company fosters an ESG culture from the top down, promoting knowledge sharing and open communication regarding ESG initiatives among employees and subsidiaries [12]. Future Commitment - Looking ahead, Fosun aims to continue its commitment to societal contribution through innovation and responsible operations, striving for a more sustainable future [13].
New Found Gold Announces Maritime Securityholder Approval of Arrangement; Strengthens Management Team
Newsfile· 2025-11-05 22:00
Core Points - New Found Gold Corp. has received overwhelming approval from Maritime Resources Corp. shareholders for the arrangement to combine the two companies, with 99.68% of Maritime Shareholders and 99.69% of Maritime Securityholders voting in favor [2][3] - The final order for the arrangement will be sought from the Supreme Court of British Columbia on November 7, 2025, with the closing expected around November 13, 2025, pending customary closing conditions [3] - New Found Gold has appointed Jelena Novikov Fried as General Counsel and Corporate Secretary, bringing over 20 years of legal experience in corporate and securities compliance [4][5] Company Overview - New Found Gold is an advanced-stage exploration company with a 100% interest in the Queensway Gold Project located in Newfoundland and Labrador, recognized for its excellent infrastructure and skilled workforce [6] - The company has completed a Preliminary Economic Assessment (PEA) at the Queensway project and continues to discover new gold zones, indicating significant district-scale potential [6][7] - New Found Gold has a solid management team and board, with a notable shareholder base that includes approximately 23.1% ownership by Eric Sprott [8]
Rocket Doctor Strengthens U.S. Leadership Team to Drive Growth and Expand Access to Care Coast to Coast
Globenewswire· 2025-11-05 13:00
Core Insights - Rocket Doctor AI Inc. has appointed four senior professionals to its leadership team to accelerate growth and enhance clinical operations, particularly in the U.S. market [1][8] - The new leadership will focus on expanding Rocket Doctor's digital health platform and marketplace, strengthening partnerships, and advancing coast-to-coast expansion in the United States [1][6] Leadership Appointments - Dr. Evan Ou has been appointed as U.S. Medical Director, bringing extensive experience in emergency medicine and virtual care [2] - Dr. Sudha Kumar joins as U.S. MD Lead for Psychiatry, with a strong background in behavioral health and integrated care [3] - Dr. Mike Solemar has been appointed California MD Lead, tasked with expanding the physician network and supporting partnerships with Medicaid managed care organizations [4] - Jimmy Vannavong joins as Director of Growth, focusing on scaling technology ventures and leading Rocket Doctor's growth strategy through data-driven marketing [5] Strategic Goals - The expansion of the U.S. leadership team is aimed at reinforcing operational and clinical foundations to better serve patients and physicians while creating new growth opportunities [6][7] - The company aims to make high-quality care more affordable and accessible for millions of Americans, particularly in rural and underserved communities [7][8] Company Overview - Rocket Doctor AI Inc. provides AI-powered healthcare solutions designed to enhance patient access throughout the healthcare journey [10][11] - The company has empowered over 300 MDs to manage more than 700,000 patient visits, improving efficiency and expanding access to care [11][12] - The technology aims to reduce administrative burdens and enhance physician-patient interactions, focusing on underserved communities in Canada and patients on Medicaid and Medicare in the U.S. [12]
Blue Gold Strengthens Leadership Team with Appointment of Chief Technology Officer to Deliver Digital Strategy and Create Ecosystem for World's First Global Gold-Backed Digital Currency
Globenewswire· 2025-11-04 12:00
Core Insights - Blue Gold Limited has appointed Nathan Dionne as Chief Technology Officer (CTO) to lead its digital strategy and oversee the development of a gold-backed token and payment platform [1][2][4] - The company aims to create the world's first gold-backed global currency, bridging the physical and digital realms of gold [2][4] - Mr. Dionne has extensive experience in technology and finance, having held key positions in various companies, which positions him well to drive Blue Gold's mission [3][4] Company Overview - Blue Gold Limited is a next-generation gold development company focused on acquiring high-potential mining assets globally [5] - The company's mission is to unlock untapped value in the gold sector through innovative monetization models, including asset-backed digital instruments [5] - Blue Gold emphasizes responsible development, operational transparency, and the use of modern financial technologies to redefine gold production and ownership [5][6]
Wallbox Strengthens Its Leadership Team With Two Key Appointments
Businesswire· 2025-11-03 11:50
Core Insights - Wallbox has strengthened its leadership team with two key appointments to enhance its business and operational structure [1] Company Developments - Ignasi Alastuey has been appointed as Chief Business Officer (CBO) after a 14-year career at Mettler-Toledo, where he held various international leadership roles [1] - Alastuey's previous experience includes roles in sales, marketing, operations, and business development, with his most recent position being General [1]
Aya Gold & Silver Sponsors First Canadian-Moroccan Team of the 2026 Rallye Aïcha Des Gazelles
Globenewswire· 2025-10-30 15:30
Company Overview - Aya Gold & Silver Inc. is a Canadian-based silver producer with operations in Morocco, specifically the high-grade Zgounder Silver Mine [8] - The company is the only pure-play silver mining corporation listed on the Toronto Stock Exchange [8] - Aya Gold & Silver employs over 1,700 individuals and subcontractors in Morocco, reflecting its social commitment and integration into the local economy [5] Recent Developments - Aya Gold & Silver has partnered with the "Karibous du Sahara" crew for the 2026 Rallye Aïcha des Gazelles, promoting women's courage and solidarity [2][4] - The event will take place from April 1 to 11, 2026, marking the 35th anniversary of the rally [7] - The company will share the team's progress and behind-the-scenes moments on its social media platforms [7] Leadership and Vision - Benoit La Salle, President and CEO, emphasized the company's commitment to building bridges between Canada and Morocco through this initiative [4] - The management team is focused on maximizing shareholder value while anchoring sustainability at the core of its operations and growth plans [9]