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TXNM Energy Announces Executive Leadership Transition of Pat Collawn to Executive Chair, Don Tarry to CEO
Prnewswire· 2025-05-14 10:30
Core Viewpoint - TXNM Energy is undergoing a leadership transition with Pat Collawn moving to Executive Chair and Don Tarry appointed as the new President and CEO, effective July 1, 2025 [1][2]. Leadership Transition - Pat Collawn has been with TXNM Energy since June 2007, serving in various roles including President and CEO since March 2010, and will continue to lead as Executive Chair [2][5]. - Don Tarry, who has been with the company since 1996 and held multiple leadership positions, will take over as CEO and President [5][6]. Strategic Focus - Under Pat's leadership, TXNM Energy has focused on its regulated utilities and aims for 100% carbon-free generation by 2040, achieving 72% carbon-free generation capacity by 2024 [3][5]. - The company is committed to meeting the evolving needs of its customers and communities while pursuing cost-effective solutions [5][6]. Community Involvement - Both Pat Collawn and Don Tarry are actively involved in community initiatives, with Pat serving in various leadership roles and Don as Chair of the Albuquerque Regional Economic Alliance [4][6]. Company Overview - TXNM Energy, based in Albuquerque, New Mexico, provides energy to over 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM [7].
Collective Mining Announces Inclusion in MSCI Canada Small Cap Index
Prnewswire· 2025-05-14 10:30
Company Overview - Collective Mining Ltd. is a gold, silver, copper, and tungsten exploration company with projects located in Caldas, Colombia [4] - The company was founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value [4] - Management and insiders own approximately 33.4% of the outstanding shares, aligning their interests with shareholders [6] Recent Developments - Collective Mining will be added to the MSCI Canada Small Cap Index, effective after the close of trading on May 30, 2025 [1] - The addition to the index was announced by MSCI Inc. on May 13, 2025, following their index review [1][2] Project Highlights - The flagship project, Guayabales, is anchored by the Apollo system, which hosts large-scale, bulk-tonnage, and high-grade mineralization [5] - The company's objectives include improving the overall grade of the Apollo system, expanding the system along strike, and drilling newly generated targets [5]
Target's Fundamentals Are Stronger Than The Headlines Suggest
Seeking Alpha· 2025-05-14 10:29
Target (NYSE: TGT ), a mega company whose stock price has been in free fall since September 2021. The price has fallen by more than 60% from its all-time high. Target is struggling with temporary challenges such asI'm a passionate investor from the Netherlands with 12 years of stock market experience. My articles usually contain a good overview of important investment criteria. A stock for my portfolio is of interest to me if the company has the following characteristics:1. Companies that are growing in bot ...
The RealReal: Impressive Buyer Growth, But We're Waiting On Margin Progress
Seeking Alpha· 2025-05-14 10:18
When tariffs were first announced in April, nearly all news headlines pointed to the very near certainty of a U.S. recession: even now, when tariffs are at bay, this may not be an outcome we're able to avoid. With so many consumer-facing companies sounding offWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He h ...
Kinross Gold: Tracking Well Against Annual Guidance
Seeking Alpha· 2025-05-14 10:09
Group 1 - The article emphasizes the importance of in-depth research on undervalued miners, highlighting the potential for portfolio outperformance through strategic positioning [1] - Subscribers gain access to current portfolios, real-time buy/sell alerts, and detailed metrics such as grams per tonne (G/T), gold-equivalent ounces (GEOs), and all-in sustaining costs (AISC) [1] - The article mentions specific terminology relevant to the mining industry, including life of mine plan (LOMP), tonnes per day (TPD), and production cost of sales [1]
CNFinance to Hold Annual General Meeting on May 29, 2025
Prnewswire· 2025-05-14 10:05
Company Overview - CNFinance Holdings Limited is a leading home equity loan service provider in China, focusing on connecting borrowers with financial institutions through various partnership models [3]. - The company primarily targets micro- and small-enterprise (MSE) owners who own real properties in Tier 1 and Tier 2 cities and other major cities in China [3]. - CNFinance employs a risk mitigation mechanism embedded in its loan products, supported by an integrated online and offline process that emphasizes borrower and collateral risks, along with effective post-loan management procedures [3]. Annual General Meeting (AGM) Details - The company will hold its annual general meeting of shareholders on May 29, 2025, from 9:00 a.m. to 11:00 a.m. Beijing Time at the South Finance Center in Guangzhou [1]. - No proposals will be submitted for shareholder approval at the AGM; instead, it will serve as an open forum for discussions between shareholders and management [1]. - The record date for determining shareholders entitled to attend the AGM is set for May 22, 2025 [2].
Lowe's Companies, Inc. to Host First Quarter 2025 Earnings Conference Call on May 21
Prnewswire· 2025-05-14 10:00
Core Viewpoint - Lowe's Companies, Inc. is set to hold its First Quarter 2025 Earnings Conference Call on May 21, 2025, at 9 a.m. Eastern time, with a webcast available for investors [1][2]. Company Overview - Lowe's Companies, Inc. is a FORTUNE® 50 home improvement company, serving approximately 16 million customer transactions weekly in the United States [3]. - The company reported total sales exceeding $83 billion for the fiscal year 2024 and operates over 1,700 home improvement stores, employing around 300,000 associates [3]. - Based in Mooresville, N.C., Lowe's engages in community support through various programs aimed at safe housing, community space improvement, skilled trade development, and disaster relief [3].
China Automotive Systems Reports 19.9% Increase in Net Sales in First Quarter of 2025
Prnewswire· 2025-05-14 10:00
Core Viewpoint - China Automotive Systems, Inc. reported strong financial results for the first quarter of 2025, with significant growth in electric power steering products and overall sales, despite challenges in certain markets [1][3][4]. Financial Performance - Net sales increased by 19.9% year-over-year to $167.1 million, up from $139.4 million in Q1 2024 [4][8]. - Sales of electric power steering (EPS) products grew by 54.0% to $73.0 million, representing 43.7% of total sales compared to 34.0% in Q1 2024 [4][8]. - Gross profit rose by 18.8% to $28.6 million, with a gross margin of 17.1%, slightly down from 17.3% in Q1 2024 [5][8]. - Income from operations decreased by 10.5% to $8.6 million, attributed to a 41.3% increase in operating expenses [10][8]. - Net income attributable to common shareholders was $7.1 million, down from $8.3 million in Q1 2024, with diluted income per share at $0.24 compared to $0.27 [14][8]. Operational Highlights - EPS product sales accounted for 43.7% of total sales, indicating a strategic shift towards advanced steering technologies [3][4]. - Hubei Henglong experienced a revenue decline of 10.3% due to lower vehicle sales by Stellantis, while Brazilian operations saw a 30.2% growth [3][4]. - Research and development expenses increased by 64.0% to $8.7 million, reflecting higher investment in new projects [9][8]. Balance Sheet and Cash Flow - As of March 31, 2025, total cash, cash equivalents, and short-term investments were $89.9 million, with a current ratio of 1.4 to 1 [15][8]. - Cash inflow from operating activities was $18.1 million, a 73.1% increase year-over-year [8][10]. - Working capital rose to $154.7 million from $146.2 million as of December 31, 2024 [15][8]. Business Outlook - The company reiterated its revenue guidance for the full fiscal year 2025 at $700.0 million, based on current operating and market conditions [16][8].
First Atlantic Nickel Extends Strike Length of RPM Zone Discovery by 400 Meters, Intersecting .23% Nickel Over 396 Meters in Fourth Drill Hole
GlobeNewswire News Room· 2025-05-14 10:00
Core Insights - First Atlantic Nickel Corp. has reported positive assay results from drill hole AN-24-05, confirming a 400-meter north-south mineralized strike length at the RPM Zone, with an average of 0.23% nickel and 0.29% chromium over 396 meters [1][4][7] - The Phase 1 drilling program has established a 400-meter by 500-meter mineralized footprint at the RPM Zone, with all four drill holes ending in mineralization, indicating significant potential for further expansion [2][5][11] - Phase 2 drilling commenced on May 7, 2025, targeting extensions of the RPM Zone in multiple directions, with ongoing metallurgical testing to assess the suitability of the mineralization for commercial processing [2][10][17] Phase 1 Drilling Results - Drill hole AN-24-05 intersected 396 meters grading 0.23% nickel and 0.29% chromium, starting after 6 meters of overburden [4][6] - The hole reached a total depth of 402 meters and ended in mineralization, indicating further expansion potential [4][7] - Awaruite mineralization was consistently observed across all Phase 1 holes, reinforcing the potential for additional discoveries [5][22] Phase 2 Drilling Program - The fully funded Phase 2 program aims to expand the mineralized footprint established in Phase 1, with strategic step-out drilling planned in various directions [10][11] - The program will explore deeper mineralization and assess geological continuity between the RPM Zone and nearby areas [12][11] - Enhanced drilling capabilities and full road access are expected to improve efficiency and reduce costs during the Phase 2 program [11][10] Metallurgical Testing - Davis Tube Recovery (DTR) testing is underway for drill holes AN-24-04 and AN-24-05 to evaluate magnetically recoverable nickel content [17][22] - Initial DTR results from earlier holes indicated an average of ~1.35% nickel in magnetic concentrates, supporting a low-energy processing approach [17][22] - The processing method aligns with sustainable development objectives and North America's critical minerals strategy, particularly in light of new regulations under the US Inflation Reduction Act [22][31] District-Scale Potential - The RPM Zone is part of a 30-kilometer ultramafic ophiolite nickel trend, with significant exploration upside across the region [2][5] - Historical drilling and recent discoveries have confirmed the presence of awaruite mineralization across a 26-kilometer strike length within the Atlantic Nickel Project [5][22] - Awaruite's unique properties allow for cleaner processing compared to conventional nickel sources, enhancing North America's domestic critical minerals supply chain [22][25]
European Wax Center, Inc. Reports First Quarter Fiscal Year 2025 Results
GlobeNewswire News Room· 2025-05-14 10:00
Core Insights - European Wax Center, Inc. reported solid financial performance in Q1 2025, with a focus on strategic priorities and franchisee support [3][6] - The company reiterated its full-year financial outlook, indicating confidence in achieving growth despite macroeconomic challenges [3][8] Financial Performance - System-wide sales reached $225.9 million, a 2.1% increase from $221.4 million in the prior year [6][7] - Total revenue decreased by 0.9% to $51.4 million from $51.9 million year-over-year [6][7] - Same-store sales increased by 0.7% [6][7] - GAAP net income was $2.6 million, down 29.7% from $3.7 million [6][7] - Adjusted net income increased by 10.3% to $9.5 million from $8.6 million [6][7] - Adjusted EBITDA rose by 7.2% to $18.8 million from $17.5 million [6][7] Balance Sheet and Cash Flow - The company ended the quarter with $58.3 million in cash and cash equivalents and $6.5 million in restricted cash [5][6] - Net cash provided by operating activities totaled $12.7 million during the quarter [5][6] - Total borrowings under senior secured notes amounted to $389.0 million, with no outstanding borrowings under the revolving credit facility [5][6] Outlook - The company expects system-wide sales for fiscal 2025 to be between $940 million and $960 million [8] - Total revenue is projected to be between $210 million and $214 million [8] - Same-store sales are anticipated to range from 0.0% to 2.0% [8] - The adjusted net income outlook is set at $31 million to $33 million [8] - Franchisees are estimated to open 10 to 12 new centers while closing 40 to 60 centers, leading to a net center closure of 28 to 50 for fiscal 2025 [9]