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Calavo Growers to Report First Quarter 2026 Financial Results
Globenewswire· 2026-02-19 22:30
Core Viewpoint - Calavo Growers, Inc. plans to release its financial results for the fiscal first quarter ended January 31, 2026, and will file its Form 10-Q after the market closes on March 12, 2026 [1]. Company Overview - Calavo Growers, Inc. is a global leader in the processing and distribution of avocados, tomatoes, papayas, and guacamole [2]. - The company sells products under the Calavo brand name, proprietary sub-brands, private labels, and store brands [2]. - Founded in 1924, Calavo has a strong culture of innovation, sustainable practices, and market growth [2]. - The company serves various sectors including retail grocery, foodservice, club stores, mass merchandisers, food distributors, and wholesalers worldwide [2]. - Calavo is headquartered in Santa Paula, California, with facilities throughout the U.S. and Mexico [2].
VivoPower Announces Leadership Changes
Globenewswire· 2026-02-19 22:29
Core Insights - VivoPower International PLC is undergoing changes in its executive leadership team as part of its strategic focus on powered land and data center infrastructure [2][3] Group 1: Executive Leadership Changes - The company announced the departure of David Mansfield (CFO), Keith Loose (CTO), and Gary Challinor (Company Secretary) as it shifts its focus towards powered land and data center infrastructure [2] - The company expressed gratitude to the departing executives for their contributions and wished them success in their future endeavors [2] Group 2: Strategic Focus and Acquisitions - VivoPower's strategic initiatives include the acquisition of 291MW of powered sites in Finland and securing site and power access for a 25MW data center platform in the UAE [2] - The company successfully completed a $30 million PIPE financing and is proposing the acquisition of a 40MW energized data center in Norway, which is expected to add approximately $10 million in pro forma EBITDA [2] Group 3: Company Overview - Founded in 2014 and listed on Nasdaq since 2016, VivoPower is a B Corporation with a global presence across multiple regions including the UK, Australia, North America, Europe, the Middle East, and Southeast Asia [4] - The company's mission is to be a trusted partner for sovereign nations in developing sustainable data center infrastructure, ensuring control over power, data, and national intelligence [4] - VivoPower aims to bridge the gap between energy assets and AI ambitions by providing the necessary infrastructure for domestic intelligence hubs [4]
Goodfellow Reports Its Results for the Fourth Quarter and Fiscal Year Ended November 30, 2025 and Declares a Dividend
Globenewswire· 2026-02-19 22:22
Financial Performance - For Q4 2025, the company reported net earnings of $3.2 million or $0.39 per share, an increase from $2.4 million or $0.29 per share in Q4 2024, with consolidated sales rising to $137.0 million from $124.2 million [1] - For the fiscal year 2025, net earnings were $7.1 million or $0.86 per share, down from $13.4 million or $1.58 per share in the previous year, while consolidated sales increased to $543.0 million from $509.5 million [2] Revenue and Cost Analysis - The company achieved a revenue increase of 6.6%, or $33.4 million, despite a decrease in earnings by $6.2 million compared to the previous year, attributed to economic uncertainty and rising costs [3] - The cost of goods sold for the fiscal year 2025 was $439.5 million, up from $409.1 million in 2024, while selling, administrative, and general expenses rose to $89.9 million from $80.0 million [6] Dividend Declaration - The Board of Directors declared a dividend of $0.15 per share, payable on March 19, 2026, to shareholders of record as of March 5, 2026 [4] Company Overview - Goodfellow Inc. is a diversified manufacturer of value-added lumber products and a wholesale distributor of building materials, serving both commercial and residential sectors across Canada and the Northeastern U.S. [5]
Endurance Gold Announces $8 Million LIFE Private Placement of Flow-Through Units and Units
Globenewswire· 2026-02-19 22:17
Core Viewpoint - Endurance Gold Corporation has announced a private placement offering to raise gross proceeds of up to approximately $8,000,000 through the issuance of flow-through units and HD units [1][5]. Group 1: Offering Details - The offering consists of up to 4,188,500 flow-through units priced at $0.955 each, and 6,153,850 HD units priced at $0.65 each [1]. - Each flow-through unit includes one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of one non-flow-through common share at $0.90 within 24 months after the closing date [2]. - The agents have an option to sell additional HD units equal to 15% of the total units issued in the offering [3]. Group 2: Use of Proceeds - Proceeds from the sale of flow-through units will be used for eligible Canadian exploration expenses related to the company's projects, with a commitment to renounce these expenditures to initial subscribers by December 31, 2026 [4]. - Net proceeds from the sale of HD units will be allocated for drilling, exploration, testing at the Reliance Gold Project, and general corporate purposes [5]. Group 3: Closing and Regulatory Approval - The offering is expected to close around March 11, 2026, subject to necessary regulatory approvals, including conditional approval from the TSX Venture Exchange [6]. - The units will be offered to purchasers in Canada and other qualifying jurisdictions under specific exemptions from prospectus requirements [7].
Fairfax India Holdings Corporation: Financial Results for the Year Ended December 31, 2025
Globenewswire· 2026-02-19 22:08
Core Viewpoint - Fairfax India Holdings Corporation reported a significant turnaround in fiscal year 2025, achieving net earnings of $410.5 million compared to a net loss of $41.2 million in fiscal year 2024, indicating strong financial recovery and performance improvement [1]. Financial Performance - The company’s net earnings per diluted share for fiscal year 2025 were $3.05, a substantial increase from a net loss of $0.30 per diluted share in fiscal year 2024 [1]. - The book value per share rose by 9.4% to $22.94 at December 31, 2025, from $20.96 at December 31, 2024, primarily driven by net gains on investments [1]. Investment Gains and Losses - Fairfax India recorded a net change in unrealized gains on investments of $527.6 million, mainly from increases in the fair values of private company investments in BIAL ($399.1 million) and publicly listed investments in IIFL Finance ($146.0 million) [3]. - The company experienced unrealized foreign currency translation losses of $153.8 million due to a 4.7% depreciation of the Indian rupee against the U.S. dollar [3]. Cash and Liquidity - As of December 31, 2025, Fairfax India held cash and marketable securities totaling $50.7 million, with an additional $168.5 million available under its revolving credit facility [2]. - The company amended its revolving credit facility to support a deferred payment for an additional 10% equity interest in BIAL, with a borrowing limit of $245.0 million [3]. Shareholder Actions - During 2025, Fairfax India repurchased 620,658 subordinate voting shares at a net cost of $10.4 million, reflecting the company’s commitment to returning value to shareholders [3]. Comprehensive Income - The comprehensive income for the year ended December 31, 2025, was $288.2 million, compared to a comprehensive loss of $118.3 million in 2024, showcasing a significant improvement in overall financial health [8].
Gran Tierra Energy Inc. Announces Signing of Onshore Exploration, Development and Production Sharing Agreement with the State Oil Company of the Republic of Azerbaijan
Globenewswire· 2026-02-19 22:05
Core Viewpoint - Gran Tierra Energy Inc. has signed an exploration, development, and production sharing agreement (EDPSA) with the State Oil Company of the Republic of Azerbaijan (SOCAR) for the Guba-Khazaryani region, marking a strategic entry into Azerbaijan's hydrocarbon sector [1][2]. Company Overview - Gran Tierra Energy Inc. is an independent international energy company focused on oil and natural gas exploration and production in Canada, Colombia, and Ecuador, with plans to expand its portfolio [5]. Agreement Details - The EDPSA grants Gran Tierra a 65% working interest and operatorship over approximately 0.4 million gross acres, more than double its current acreage in Ecuador [4]. - The agreement includes a five-year exploration and appraisal period, followed by a 25-year development phase for any economic discoveries, with a potential five-year extension [4]. - The exploration phase consists of an initial three-year period for a gravity study and drilling two wells, followed by a two-year phase for additional drilling and seismic acquisition [4]. Strategic Importance - Azerbaijan is recognized as a world-class petroleum region with significant oil and gas fields, providing Gran Tierra with access to established infrastructure and a supportive regulatory environment [2][4]. - The region has produced over 100 million barrels of oil and more than 200 billion cubic feet of natural gas, highlighting its potential for exploration and development [4]. - Gran Tierra aims to leverage its expertise in complex geologies to enhance exploration and development activities in Azerbaijan, aligning with its strategy for risk-mitigated, capital-efficient growth [2][4]. Future Plans - The company plans to commence an airborne gravity study in 2026, with seismic acquisition and drilling activities expected to begin in 2027, funded by forecasted net cash from operating activities [4].
Global Pharmaceutical Packaging Manufacturer Selects Kneat
Globenewswire· 2026-02-19 22:03
Core Insights - Kneat.com, Inc. has signed a Master Services Agreement with a U.S.-based global pharmaceutical packaging and drug-delivery manufacturer, marking a significant partnership in the digital validation and quality process automation sector [1][2] Company Overview - Kneat Solutions specializes in providing digital validation and compliance solutions for highly regulated industries, with its platform Kneat Gx recognized for its efficiency and user-friendly design [6] - The company is fully ISO 9001 and ISO 27001 certified, and its platform is compliant with 21 CFR Part 11/Annex 11, ensuring high standards of regulatory compliance [6] Customer and Market Impact - The new customer operates over 45 manufacturing facilities globally, employing more than 13,000 people across various regions, including the U.S., Europe, Asia, and South America [2] - The initial deployment of Kneat Gx will focus on Commissioning, Qualification, and Validation (CQV) at the customer's lead site, with plans for expansion to all GMP-regulated sites [2] Product Features and Benefits - Kneat's platform is noted for its robust data integrity capabilities, ensuring compliance actions and documented outcomes are fully attributable, traceable, and audit-ready [3] - The platform is designed to support the highest standards of data integrity and compliance, which is increasingly important as life sciences companies modernize their quality systems [4] - Kneat Gx has been shown to reduce man-hours associated with validation documentation by up to 50% and accelerate review and approval cycles by up to 50% [6]
Fairfax Financial Holdings Limited: Financial Results For The Year Ended December 31, 2025
Globenewswire· 2026-02-19 22:02
Core Insights - Fairfax Financial Holdings Limited reported record net earnings of $4,772.4 million for the fiscal year 2025, translating to $213.78 per diluted share, a significant increase from $3,874.9 million ($160.56 per diluted share) in 2024, marking a year-over-year growth of 23.1% in net earnings [1][2][7] - The company achieved a consolidated combined ratio of 93.0%, indicating strong underwriting performance across its insurance and reinsurance segments, with a record underwriting profit of $1.8 billion [2][7] - Investment performance was robust, yielding net gains on investments of $3.2 billion, primarily driven by gains on common stocks and bonds, alongside record interest and dividend income of $2.6 billion [3][10] Financial Performance - Net premiums written in the property and casualty insurance and reinsurance operations rose by 3.9% to $26.6 billion, while gross premiums written increased by 2.3% to $33.6 billion, reflecting growth in new business and modest rate increases [2][7] - The adjusted operating income for property and casualty insurance and reinsurance operations slightly decreased by 2.8% to $4.6 billion, impacted by a reduced share of profit from associates [9] - The company’s float increased by 11.2% to $39.3 billion as of December 31, 2025, compared to $35.4 billion in 2024 [9] Investment and Shareholder Actions - During 2025, the company repurchased 1,006,535 subordinate voting shares for cancellation at a total cost of $1.6 billion, averaging $1,615 per share [3][14] - The total debt to total capital ratio, excluding non-insurance companies, rose to 26.2% from 24.8% in the previous year, primarily due to new unsecured senior notes issued [14] - The company redeemed all of its Series E, F, G, H, I, J, and M preferred shares, resulting in a gain of $187.1 million recognized in the consolidated statement of changes in equity [14] Segment Performance - The property and casualty insurance and reinsurance operations reported an underwriting profit of $1.8 billion, up from $1.79 billion in 2024, with a combined ratio improvement from 92.7% to 93.0% [7][9] - The life insurance and run-off operations experienced an operating loss of $213.7 million, worsening from a loss of $92.1 million in 2024, mainly due to higher adverse prior year reserve developments [9][14] - The non-insurance companies reported increased operating income of $397.4 million, up from $241.4 million in 2024, largely due to the consolidation of Peak Achievement and the acquisition of Sleep Country [14]
First Quantum Files NI 43-101 Technical Report for Taca Taca
Globenewswire· 2026-02-19 22:01
(In United States dollars, except where noted otherwise) TORONTO, Feb. 19, 2026 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) today announces the filing of a Technical Report (the “Report”) for its Taca Taca project (the “Project”). The Report was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") with an effective date of December 31, 2025. Taca Taca is a porphyry copper-gold-molybdenum deposit l ...
Eldorado Gold Delivers Strong 2025 Full Year and Fourth Quarter Financial and Operational Results; Significant Free Cash Flow Excluding Skouries and Increased Cash Generated From Operating Activities
Globenewswire· 2026-02-19 22:00
(All amounts expressed in U.S. dollars unless otherwise noted) VANCOUVER, British Columbia, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the "Company”) today reports the Company’s financial and operational results for the fourth quarter and year ended December 31, 2025. For further information please see the Company’s Consolidated Financial Statements and Management’s Discussion and Analysis (“MD&A”) filed on SEDAR+ at www.sedarplus.com under the Company’s profile. Q4 2025 and ...