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Fabrinet Beats Q4 Earnings Estimates, Company Highlights 'Growing Demand' Across All Aspects Of Business
Benzinga· 2025-08-18 20:37
Fabrinet FN reported fourth-quarter financial results for fiscal 2025 on Monday after the market close. Here’s a rundown of the report.Q4 Highlights: Fabrinet reported fourth-quarter revenue of $909.69 million, beating analyst estimates of $884.87 million, according to Benzinga Pro. The company reported fourth-quarter adjusted earnings of $2.65 per share, beating estimates of $2.64 per share.Fabrinet, which provides advanced optical packaging and precision optical, electro-mechanical and electronic manufact ...
RE/MAX HOLDINGS, INC. ANNOUNCES VIC LOMBARDO AS PRESIDENT OF MORTGAGE SERVICES TO LEAD MOTTO MORTGAGE AND WEMLO BRANDS
Prnewswire· 2025-08-18 20:35
Core Insights - RE/MAX Holdings, Inc. has appointed Vic Lombardo as President of Mortgage Services to enhance technology and customer-first initiatives for Motto Mortgage franchisees and RE/MAX Broker/Owners [1][2] - Lombardo brings over 30 years of experience in the mortgage and real estate industry, previously serving as COO at Guaranteed Rate Affinity [2][3] - The appointment aims to drive growth and operational efficiency in the company's mortgage services, including Motto Mortgage and wemlo, a digital mortgage processing solution [1][4] Company Overview - RE/MAX Holdings, Inc. is a leading franchisor in the real estate industry, operating under the RE/MAX® brand globally and the Motto® Mortgage brand in the U.S. [7] - The company was founded in 1973 and has grown to over 140,000 agents in nearly 9,000 offices across more than 110 countries [7] - Motto Mortgage, launched in 2016, is the first national mortgage brokerage franchise brand in the U.S., with over 210 open offices in more than 40 states [8] Leadership Transition - Lombardo's role was created following the retirement of Ward Morrison in June [2] - He will report directly to RE/MAX Holdings CEO Erik Carlson and is expected to contribute significantly to the Executive Leadership Team [2][4] - Lombardo expressed enthusiasm for scaling the growth of Motto and enhancing the customer experience [4] Inducement Grant - The company announced an inducement award of 75,000 restricted stock units (RSUs) to Lombardo, which will vest in equal installments on March 1 for the years 2026, 2027, and 2028 [5][6] - This award was granted outside of the RE/MAX Holdings, Inc. 2023 Omnibus Incentive Plan but will be governed as if issued under the Plan [6]
Flotek Industries Turnaround In Motion: From Commodity Roots To Data Driven Sustainable Revenue
Seeking Alpha· 2025-08-18 20:34
Core Insights - The article introduces Abhishek Ranawade as a new contributing analyst for Seeking Alpha, emphasizing the platform's openness to independent investment ideas [1] - The analyst has over four years of experience in global equities, focusing on deep fundamental research and long-term investment strategies [2] - The analyst's expertise includes identifying undervalued businesses and sectors undergoing structural changes, with a particular interest in chemicals, specialty manufacturing, industrials, energy transition, and technology-driven businesses [2] Analyst Background - The analyst combines bottom-up fundamental analysis with top-down macroeconomic context, utilizing financial statement analysis, competitive landscape mapping, and qualitative assessments of management quality [2] - The analyst holds a Bachelor's degree in Business Administration with a specialization in Finance and has passed the CFA Level I exam [2] - The goal of the analyst's writing is to provide independent, well-researched investment ideas that assist investors in navigating complex markets [2] Seeking Alpha's Position - Seeking Alpha clarifies that past performance does not guarantee future results and that no specific investment recommendations are being made [4] - The platform highlights that its analysts are third-party authors, which may include both professional and individual investors who may not be licensed or certified [4]
TBT: Trading The Long Side Of Yield Curve
Seeking Alpha· 2025-08-18 20:33
Group 1 - The article focuses on analyzing the ProShares UltraShort 20+ Year Treasury (NYSEARCA: TBT), which is an exchange-traded fund (ETF) managed by ProShares [1] - The investment vehicle is designed to provide investors with a way to profit from declines in long-term Treasury bond prices [1] Group 2 - The article does not provide specific performance metrics or historical data regarding the ETF's performance [2] - There are no recommendations or advice given regarding the suitability of this investment for particular investors [2]
Invivyd Announces Continued Neutralizing Activity of PEMGARDA® (pemivibart) and VYD2311 Against Currently Dominant SARS-CoV-2 Variant XFG (“Stratus”)
GlobeNewswire· 2025-08-18 20:32
Core Insights - Invivyd, Inc. announced positive in vitro neutralization data for PEMGARDA (pemivibart) against the XFG variant of SARS-CoV-2, indicating no significant change in neutralization activity [1][2][3] - The company anticipates continued clinical activity for pemivibart as the targeted epitopes remain structurally intact across various SARS-CoV-2 variants [2][3] - Invivyd is advancing its next-generation monoclonal antibody candidate, VYD2311, which has shown similar neutralization results with higher potency [3][12] Company Developments - PEMGARDA is authorized by the FDA for pre-exposure prophylaxis of COVID-19 in certain immunocompromised patients, demonstrating consistent in vitro neutralizing activity over several years [1][4][7] - The company plans to provide updated data on PEMGARDA's neutralizing activity to the FDA, which will be included in the PEMGARDA Fact Sheet for Healthcare Providers [4][5] - VYD2311 is designed to offer a more patient-friendly administration route and aims to address the urgent need for new COVID-19 prophylactic and therapeutic options [12][13] Industry Context - COVID-19 activity is reportedly on the rise in the U.S., with high levels of viral activity detected in wastewater across 12 states, and infections growing in 34 states [2][3] - The CDC's data indicates that the XFG variant is contributing to a growing wave of COVID-19 cases in America, reinforcing the need for effective treatments like PEMGARDA and VYD2311 [5][6] - The stability of the epitopes targeted by Invivyd's monoclonal antibodies across SARS-CoV-2 evolution highlights the company's robust molecular design strategy [3][4]
ALAMO GROUP INC. ANNOUNCES CEO SUCCESSION PLAN
Prnewswire· 2025-08-18 20:30
Core Viewpoint - Alamo Group Inc. has announced the appointment of Robert P. Hureau as the new President and CEO, effective September 2, 2025, succeeding Jeffery A. Leonard, who is retiring after serving since 2021 [1][4]. Company Overview - Alamo Group is a leader in the design, manufacture, distribution, and service of high-quality equipment for vegetation management, infrastructure maintenance, and other applications [5]. - The company was founded in 1969 and has approximately 3,800 employees, operating 27 plants across North America, Europe, Australia, and Brazil as of June 30, 2025 [5]. Leadership Background - Robert P. Hureau has extensive leadership experience in the industrial and life science sectors, with a proven track record in scaling businesses and delivering significant returns [1][2]. - Prior to joining Alamo Group, Hureau served as CEO of American Trailer World, where he successfully merged two businesses, executed numerous acquisitions, and led the sale of its aftermarket parts distribution business [2][3]. - Hureau has also held executive positions at Pharmaceutical Product Development and Sensata Technologies, focusing on financial leadership [3]. Board's Perspective - The Board of Directors expressed confidence in Hureau's relevant experience and leadership capabilities to guide Alamo Group in its next growth phase [4]. - Hureau expressed enthusiasm about joining Alamo Group, highlighting the company's strong business model and talented management team [4].
Eagle Pharmaceuticals Announces 2025 Annual Meeting Date
GlobeNewswire· 2025-08-18 20:30
Core Points - Eagle Pharmaceuticals, Inc. will hold its 2025 Annual Meeting of Stockholders on October 17, 2025 [1] - The record date for stockholders to participate in the meeting is set for August 18, 2025, at 5 p.m. Eastern Time [1] Company Overview - Eagle Pharmaceuticals is a fully integrated pharmaceutical company with expertise in research and development, clinical, manufacturing, and commercial sectors [3] - The company is dedicated to developing innovative medicines that significantly improve patients' lives [3] - Eagle's commercialized products include PEMFEXY®, RYANODEX®, BENDEKA®, BELRAPZO®, TREAKISYM® (Japan), BYFAVO®, and BARHEMSYS® through its subsidiary Acacia Pharma Inc. [3] - The oncology and critical care pipeline includes product candidates aimed at addressing underserved therapeutic areas across multiple disease states [3] - The company focuses on developing medicines that could be integrated into the personalized medicine paradigm in cancer care [3]
TAT Technologies Secures Three-Year Contract with an International Airline for Boeing 777 Platform, with Revenues of $12 Million
Prnewswire· 2025-08-18 20:30
Core Insights - TAT Technologies Ltd. has secured a new MRO contract for the GTCP331-500 APU used on the Boeing 777, valued at approximately $12 million over three years, averaging $4 million annually [1][2] - The CEO of TAT highlighted the contract's role in strengthening the company's position in the APU market and emphasized the synergies between their leasing and MRO businesses, which enhance their market penetration [2] Company Overview - TAT Technologies Ltd. is a prominent provider of products and services for the commercial and military aviation sectors, including MRO services for aviation components and OEM heat transfer solutions [3] - The company operates an FAA-certified repair station through its Limco subsidiary, offering heat transfer MRO services to various clients, including airlines and military [3]
JJR Wood Holdings Inc. Acquires Secured Convertible Debenture and Warrants of Touchstone Exploration Inc
Newsfile· 2025-08-18 20:30
Toronto, Ontario--(Newsfile Corp. - August 18, 2025) - JJR Wood Holdings Inc., beneficially owned and controlled by Jeffrey Wood, announces today that on August 13, 2025, it acquired a US$12,500,000 principal amount secured convertible debenture (the "Debenture") and 6,250,000 common share purchase warrants (the "Warrants") in the capital of Touchstone Exploration Inc. (the "Company"), as part of the Company's non-brokered private placement (the "Transaction").Prior to the completion of the Transaction, Mr ...
United Fire Group, Inc. announces new board appointment
GlobeNewswire· 2025-08-18 20:30
CEDAR RAPIDS, Iowa, Aug. 18, 2025 (GLOBE NEWSWIRE) -- United Fire Group, Inc. (UFG) (Nasdaq: UFCS) is pleased to announce the appointment of a new independent member to its board of directors, effective August 15, 2025. Gilda L. Spencer has been appointed as a Class A director and will serve on the board’s risk management and compensation and human capital committees. The board believes Spencer’s extensive legal expertise and deep understanding of the insurance industry will provide valuable guidance on reg ...