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Stella-Jones Unveils 2026-2028 Financial Objectives and Outlines its Future Growth Plans
Globenewswire· 2025-11-20 11:00
Core Viewpoint - Stella-Jones Inc. is set to unveil its financial objectives and capital allocation priorities for the 2026-2028 period, emphasizing a growth strategy focused on operational excellence and value creation for stakeholders [1][2]. Financial Objectives - The company has introduced a three-year financial objective framework, starting with the Q4 2026 financial reports, to maintain a three-year outlook [3]. - Key financial targets for 2026-2028 include: - Annual Sales: Targeting approximately $4,000 million by 2028, up from approximately $3,500 million [4]. - Annual Organic Sales Growth: Aiming for a compound annual growth rate (CAGR) of 4-5%, compared to 4.5% CAGR for 2023-2025 [4]. - EBITDA Margin: Targeting 17.5-18.5%, slightly below the 17.9% margin achieved in 2023-2025 [4]. - Earnings Per Share (EPS): Aiming for greater than 10% CAGR, a new metric introduced for better alignment with growth strategy [4]. Capital Allocation Strategy - The company expects to maintain an EBITDA-to-free cash flow conversion rate of approximately 50% [5]. - Key priorities in the capital allocation strategy include: - Broadening its vision to be the supplier of choice for utilities and railroads [5]. - Targeting annual sales of approximately $4 billion by 2028, supported by the current asset base [5]. - Maintaining an elevated EBITDA margin of 17.5-18.5% [5]. - Introducing an EPS growth target of greater than 10% to align with strategic objectives [5]. - Shifting to an opportunistic share repurchase strategy in line with growth priorities [5]. Maintenance and Growth Capital Expenditures - The company plans to invest approximately 2.5% of sales annually in maintenance capital expenditures, translating to $85 to $95 million per year [6]. - Strategic growth opportunities will involve investments in capital expenditures and value-accretive acquisitions [6]. Commitment to Financial Health - Stella-Jones is committed to maintaining an investment-grade credit rating and a net debt-to-EBITDA ratio within the range of 2.0x-2.5x, with some flexibility for working capital and strategic investments [7]. Key Assumptions - The financial targets for 2026-2028 are based on several assumptions, including organic sales growth in wood utility poles and railway ties, and the impact of recent acquisitions [13].
Sono Group N.V. Reports Third Quarter 2025 Results: Stronger Balance Sheet and Nasdaq Uplisting Mark Key Milestones
Globenewswire· 2025-11-20 11:00
Nine month (9M) 2025 net income of €6.6 million primarily driven by fair value adjustments; revenue begins to reflect initial commercialization; continued progress on OEM collaborationsMUNICH, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Sono Group N.V. (Nasdaq: SSM) (hereafter referred to as “Sono” or the “Company”, parent company to Sono Motors GmbH, hereafter referred to as “Sono Solar” or “Subsidiary”), the solar technology company, today announced its financial results for the third quarter ended September 30, 20 ...
KBR and Axiom Space Successfully Test Next-Generation Spacesuit in Critical Step Toward Returning to the Moon
Globenewswire· 2025-11-20 11:00
Core Insights - KBR and Axiom Space have successfully completed the first uncrewed thermal vacuum test of the AxEMU Pressure Garment, which is intended for the Artemis III mission, marking a significant milestone in human space exploration [1][2][3] Company and Industry Summary - The AxEMU spacesuit is designed to support astronauts during the Artemis III mission, the first crewed lunar landing in over 50 years, and the test evaluated its thermal performance and advanced materials [1][2] - This test is part of a series of increasingly complex evaluations leading to the suit qualification phase with NASA, with over 700 hours of crewed pressurized time already achieved [2][5] - KBR's Aerospace Environment Protection Laboratory (AEPL) in San Antonio, Texas, conducted the test, which is historically significant as it is the same facility where Apollo astronauts trained [3][4] - The AxEMU is currently in the critical design phase, and the successful test provided data to inform its performance and readiness for operational use on the lunar surface [5][6] - KBR's role in this project is part of the Exploration Extravehicular Activity Services (xEVAS) contract, aimed at developing a next-generation spacesuit that is versatile, reliable, and adaptable for future space exploration missions [5][6]
RadNet’s DeepHealth Announces Wichita Radiological Group as First Operations Suite™ Customer
Globenewswire· 2025-11-20 11:00
Cloud-native platform selected to modernize operations, help improve efficiency and strengthen patient-centered care coordination across multi-site network RadNet’s DeepHealth Announces First Operations Suite™ Customer RadNet’s DeepHealth Announces First Operations Suite™ Customer SOMERVILLE, Mass., Nov. 20, 2025 (GLOBE NEWSWIRE) -- DeepHealth, a wholly owned subsidiary of RadNet, Inc. (NASDAQ: RDNT) and a leader in AI-powered health informatics, today announced Wichita Radiological Group (WRG) has sel ...
Hofseth BioCare ASA: Extraordinary General Meeting completed
Globenewswire· 2025-11-20 10:30
Company Overview - Hofseth BioCare ASA (HBC) is a Norwegian consumer and pet health company focused on sustainability and optimal utilization of natural resources [1] - The company upcycles by converting side streams of the salmon industry into health-improving ingredients for humans and pets [1] Product Offerings - HBC's key products include ProGo®, a mix of bioactive peptides and collagen, OmeGo®, a whole salmon oil, and CalGo® / NT-II® salmon bone powder [2] - ProGo® enhances iron metabolism, leading to increased energy and vitality [3] - OmeGo® provides immune health benefits and aids recovery from viral infections [3] - CalGo® supports bone and joint health, promoting healthy aging and active lifestyles [3] Scientific Research and Development - HBC emphasizes scientific evidence, resulting in academic partnerships and unique health benefit discoveries [3] - The company has secured patents for its findings and has identified potential therapeutics, leading to the establishment of HBC Immunology (HBCI) [3] - HBCI has raised external finance for its lead program targeting prostate cancer and ovarian cancer, along with a molecule aimed at asthma treatment [3] Corporate Structure and Location - HBC is headquartered in Ålesund, Norway, with branches in Oslo, London, Zürich, and Palo Alto [4] - The company is listed on the Oslo Stock Exchange under the ticker "HBC" [4]
Steering Sustainability Through Changes: World Maritime Merchants Forum 2025 Held in Hong Kong
Globenewswire· 2025-11-20 10:08
Core Insights - The World Maritime Merchants Forum 2025 focused on driving high-quality development in the maritime value chain amid global changes, with over 1,300 leaders and experts in attendance [1][3] Group 1: Forum Highlights - The theme of the 2025 Forum was "Steering Sustainability Through Changes," emphasizing the need for sustainable development in the global shipping industry [3] - Key leaders, including government officials and industry executives, participated, highlighting the importance of collaboration and innovation in the maritime sector [3][5][6] Group 2: Hong Kong's Role - Hong Kong is positioned as a super-connector for international maritime enterprises, facilitating the integration of Mainland shipping companies into global markets [6][9] - The city aims to leverage its strengths in high-end services such as shipping finance, maritime law, and insurance to enhance the maritime ecosystem [8][9] Group 3: Technological Innovation and Sustainability - Continuous investment in technological innovation and collaborative partnerships is deemed essential for promoting green and intelligent transformation in the shipping industry [7][20] - The Forum released the "Net-Zero Guide" to support the global shipping industry's low-carbon transition, consolidating emissions-reduction requirements into actionable steps [22] Group 4: Regulatory and Policy Developments - The Hong Kong government is implementing tax incentives and flexible arrangements to attract global shipping enterprises and enhance competitiveness [10][16] - New industry standards for greenhouse gas emissions in marine fuels were introduced, providing benchmarks for shipping companies in their low-carbon efforts [24] Group 5: Future Initiatives - The Forum proposed initiatives to strengthen international cooperation and develop fair global shipping governance, emphasizing the need for a collaborative approach to address industry challenges [17][19] - Hong Kong is committed to establishing an integrated transport system to support green shipping corridors and enhance the overall maritime infrastructure [15][16]
Dangbei Launches Black Friday & Cyber Monday Deals on Amazon UK with Savings Up to 35%
Globenewswire· 2025-11-20 10:00
Core Insights - Dangbei is offering significant discounts on its projectors during the Black Friday & Cyber Monday event on Amazon UK, with savings of up to 35% available from November 20 to December 1, 2025 [3]. Product Offerings - **Biggest Savings**: The Dangbei DBOX02 Pro, a 4K laser projector, is now priced at £839, saving £460 from its original price of £1,299 [4]. - **Flagship Home Cinema Models**: - The Dangbei DBOX02 is available for £959, saving £320 from £1,279, featuring built-in Google TV and Netflix [5]. - The Dangbei MP1 Max is priced at £1,299, saving £300 from £1,599, offering 3100 ISO lumens and 110% BT.2020 color gamut [5]. - **Lightweight & Portable Projectors**: - The Dangbei Freedo is now £359, saving £140 from £499, designed for outdoor use with a compact and battery-ready design [6]. - The Dangbei Atom is available for £529, saving £116 from £645, featuring HDR10 and built-in Google TV [6]. - **Additional Portable Options**: - The Dangbei N2 mini is priced at £159, saving £40 from £199, and includes built-in Netflix [7]. - The Dangbei NEO-GY is available for £159, saving £60 from £219, ideal for both home and office use [7]. Company Overview - Dangbei is recognized as a premium smart entertainment provider specializing in projectors and home theater solutions, trusted by over 200 million users globally [8].
Eviden selected by the European Cybersecurity Competence Center and Network for its solutions for testing the cyber resistance of critical systems
Globenewswire· 2025-11-20 10:00
Core Insights - Eviden has been selected by the European Cybersecurity Competence Center and Network (ECCC) to enhance the cyber protection and resilience of critical infrastructures in Europe [1][5] - The initiative aims to foster a strong community around cybersecurity by promoting collaboration and innovative solutions across Europe [2] - The CIPHER consortium, led by Eviden, includes 13 partners from 7 European countries, focusing on a multi-sectoral approach to improve Europe's cyber resilience [3][4] Company Overview - Eviden is a product brand of Atos Group, specializing in advanced computing, cybersecurity products, mission-critical systems, and vision AI, with approximately €1 billion in revenue [10] - The company operates in 36 countries and employs over 4,500 professionals, holding more than 2,100 patents [10] - Eviden's expertise in applied cybersecurity, particularly in mission-critical systems and radio communications, supports the ECCC's objectives under the NIS2 directive [5][6] CIPHER Platform Development - The CIPHER platform will feature an automated vulnerability assessment mechanism to continuously identify system vulnerabilities, enriched with threat intelligence data [7] - It will also include an automated penetration testing framework to simulate real-world attack scenarios, enhancing the security posture of critical assets [8] - The solution will adhere to ethical and sustainability principles promoted by the EU, ensuring compliance with the EU AI Act and GDPR [9] Strategic Importance - The collaboration with ECCC reflects Eviden's role in strengthening the cybersecurity capabilities of essential services, particularly against sophisticated cyber threats [10] - The initiative aims to improve the operational availability of systems and data confidentiality, addressing the increasing complexity of cybersecurity audits [6]
Acquisition of Property Located at Ørbækvej 232, 5220 Odense SØ, Denmark
Globenewswire· 2025-11-20 09:59
Acquisition Details - A specially purpose vehicle (SPV) has acquired a property located at Ørbækvej 232, 5220 Odense SØ, Denmark for EUR 3,358,000 (DKK 25,050,000) excluding acquisition costs, with ownership transfer effective as of 31 December 2025 [1] - The acquisition is fully financed by Ringkjøbing Landbobank [1] Lease Agreement - The property is leased to Burger King (Nordic Service Partners A/S) under a non-terminable lease agreement running until 1 October 2036, providing an annual net rental income of approximately EUR 215,000 (DKK 1,600,000) [2] - Following final registration, the SPV will be a 100% owned subsidiary of German High Street Properties A/S [2]
Gabriel delivers solid improvement in key figures in the financial year 2024/25
Globenewswire· 2025-11-20 09:57
Core Insights - Gabriel Group demonstrated solid improvement in key financial figures for the 2024/25 financial year, with revenue growth and significant profit improvement in continuing operations, while restructuring efforts are ongoing in the discontinued operations in Mexico [1][2][3]. Financial Performance - In the 2024/25 financial year, Gabriel Group reported revenue of DKK 902.7 million, a slight decrease from DKK 912.3 million in 2023/24. However, operating profit (EBIT) increased to DKK 28.2 million from DKK 10.9 million in the previous year [2]. - Continuing operations generated revenue of DKK 516.0 million, up from DKK 483.5 million, reflecting a growth of DKK 32.5 million (7%). Operating profit (EBIT) for continuing operations was DKK 44.1 million, compared to DKK 19.7 million in the prior year [6][8]. - The operating profit margin (EBIT margin) improved to 8.5% from 4.1%, and profit before tax rose to DKK 33.8 million from DKK 4.0 million. Profit after tax also improved to DKK 24.8 million from a loss of DKK 1.5 million [8]. Business Operations - The strong performance in continuing operations was attributed to growth in the global textile business across North America, Europe, and Asia, alongside stable revenue from the SampleMaster business unit [6]. - The FurnMaster business unit in Mexico is undergoing restructuring, which has negatively impacted its results. The company plans to divest the FurnMaster business units, which are classified as discontinued activities, with expectations for a sale to be completed in the financial year 2025/26 [4][10]. Future Expectations - Management anticipates that challenging market conditions will persist in the 2025/26 financial year, primarily due to ongoing geopolitical risks. However, they expect the trend of revenue and profit growth in continuing operations to continue [10]. - Revenue from continuing operations is projected to be between DKK 510–550 million, with a primary profit (EBIT) expected in the range of DKK 40–50 million for the upcoming financial year [11].