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Archrock Publishes its 2024 Annual Sustainability Report
Globenewswire· 2025-11-20 21:18
Core Insights - Archrock, Inc. has published its 2024 Sustainability Report, highlighting its sustainability initiatives and performance based on 2024 data and early 2025 achievements [1][3] - The report emphasizes the company's commitment to compressing and transporting cleaner natural gas while driving revenue and earnings growth [3] - Archrock's sustainability efforts align with the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Disclosures (TCFD) frameworks [5] Sustainability Achievements - The company exceeded safety goals for Total Recordable Incident Rate and Preventable Vehicle Incident Rate [8] - Over 42,000 hours of operational and technical training were administered [8] - Achieved a 7% year-over-year reduction in Scope 1 and Scope 2 CO2 emissions intensity compared to 2023 [8] - Delivered a 6% year-over-year reduction in Scope 3 CO2 emissions intensity compared to 2023 [8] - Solidified its position as a leading electric motor drive compression provider through two acquisitions totaling $1.4 billion since August 2024 [8] - Received the 2025 Leading Abatement Strategy Award from Methane Mitigation America for its commitment to methane reduction and management [8] Business Strategy - The company is focused on expanding its Methane and NGL Solutions to market, aiming to minimize emissions and enhance safety for customers [4] - Archrock's new gas-to-value product ecosystem is designed to maximize operational profitability for its customers [4]
ESCO Reports Fourth Quarter And Fiscal 2025 Results
Globenewswire· 2025-11-20 21:15
Core Insights - ESCO Technologies Inc. reported a strong performance in Q4 2025 and FY 2025, with significant increases in sales, orders, and earnings per share, driven by strong market demand and strategic acquisitions [1][4][6] Financial Performance - Q4 2025 sales increased by 29% to $353 million, with entered orders rising by 30% to $321 million [1][7] - FY 2025 sales grew by 19% to $1.1 billion, with entered orders increasing by 57% to $1.6 billion [1][7] - Q4 2025 GAAP EPS from continuing operations rose by 14% to $1.73, while adjusted EPS increased by 30% to $2.32 [1][7] - For FY 2025, GAAP EPS from continuing operations increased by 13% to $4.49, and adjusted EPS rose by 26% to $6.03 [1][7] Segment Performance - Aerospace & Defense (A&D) segment saw Q4 2025 sales increase by 71.6% to $170 million, with organic sales up by 13.1% and Maritime contributing $58 million [6][30] - For FY 2025, A&D sales increased by 40.4% to $478 million, with organic sales up by 12.5% [6][34] - Utility Solutions Group (USG) reported Q4 2025 sales of $110 million, a slight increase of 1.6%, while FY 2025 sales rose by 3% to $380 million [10][34] - Test segment sales in Q4 2025 increased by 9.6% to $72 million, with FY 2025 sales up by 13.2% to $237 million [10][34] Operational Highlights - The company completed the divestiture of VACCO Industries, recognizing an after-tax gain of $173 million [12] - Management expects double-digit growth in sales, Adjusted EBIT, Adjusted EBITDA, and Adjusted EPS for FY 2026 [13][18] - The next quarterly cash dividend of $0.08 per share is scheduled for January 16, 2026 [13] Business Outlook - For FY 2026, sales are expected to grow by 16% to 20%, with A&D projected to grow by 33% to 38% [18] - Adjusted EBIT is anticipated to increase by approximately 21% to 25%, with margins improving to 20.9% to 21.5% [18] - Adjusted EPS for FY 2026 is expected to rise by 24% to 29%, reaching a range of $7.50 to $7.80 per share [18]
Carpenter Technology Corporation Announces Closing of $700.0 Million Private Offering of 5.625% Senior Notes Due 2034 and Amendment of Credit Agreement
Globenewswire· 2025-11-20 21:15
Core Viewpoint - Carpenter Technology Corporation has successfully closed a $700 million offering of 5.625% senior notes due 2034, intending to use the proceeds to redeem higher-interest senior notes due in 2028 and 2030 [1] Group 1: Financial Offering - The company announced the closing of a $700 million aggregate principal amount of 5.625% senior notes due 2034 through a private offering [1] - The net proceeds from the offering will be used to redeem in full the 6.375% senior notes due 2028 and the 7.625% senior notes due 2030, including any accrued but unpaid interest [1] Group 2: Credit Facility Amendments - The company amended and restated its second amended and restated credit agreement to increase revolving commitments from $350 million to $500 million and added an accordion feature allowing for an increase of up to $650 million [4] - The maturity date of the credit facility has been extended to 2030, with modifications to interest rates and financial covenants [4] Group 3: Company Overview - Carpenter Technology Corporation is a leader in high-performance specialty alloy materials for critical applications in aerospace, defense, and medical markets [5] - The company has a long history, founded in 1889, and specializes in premium specialty alloys including nickel, cobalt, and titanium [5]
MachTen Reports Results for the Third Quarter of 2025
Globenewswire· 2025-11-20 21:15
Core Insights - MachTen, Inc. reported its financial results for the third quarter ended September 30, 2025, highlighting a commitment to expanding its fiber network and improving operational efficiency [1][2]. Financial Highlights - Revenue for the third quarter was $4.3 million, approximately flat compared to the same period in 2024, as new fiber-optic subscribers offset declines in copper-based voice and DSL customers [5]. - Operating profit decreased to $1.1 million from $1.8 million in 3Q24, impacted by higher depreciation expenses and increased operating costs [5]. - Net income was $496,000, down from $1.7 million, due to higher operating costs and the absence of a one-time benefit from interest expense in the prior year [5]. - EBITDA (Non-GAAP) was reported at $1.9 million, compared to $2.5 million in the previous year [5]. Strategic & Operational Highlights - The company deployed approximately $5.8 million in capital investments year-to-date, completing fiber projects in several locations [3]. - As of September 30, 2025, the company had 2,030 fiber-internet customers, an increase from 1,500 a year ago, with expectations for total fiber passings to exceed 12,000 by the end of 2025 [4]. - The Enhanced-ACAM program is expected to reach approximately 3,500 new fiber passings in 2025, contributing to a total of about 4,350 locations served by year-end [6]. - The company is resuming construction on ReConnect grant projects in Q4 2025, aimed at improving connectivity to 2,500 locations over 500 miles [6]. Network Modernization - A new in-house monitoring and management platform was deployed, providing real-time visibility into 92 active network devices, with scalability to over 10,000 elements [6]. - This modernization effort enhances reliability, accelerates fault detection, and reduces vendor dependency, positioning the company for operational autonomy and improved network resilience [6]. Operating Services Agreement - An Operating Services Agreement (OSA) with UP Fiber is being finalized, which will allow Michigan Broadband to provide customer service and administrative support for UP Fiber's footprint of over 200,000 passings [7].
Dillard's, Inc. Announces Special Dividend of $30.00 Per Share and Quarterly Cash Dividend of $0.30 per Share
Globenewswire· 2025-11-20 21:15
Core Points - Dillard's, Inc. announced a special dividend of $30.00 per share on its Class A and Class B Common Stock, marking the largest dividend in the company's history [1][2] - The special dividend is scheduled to be paid on January 5, 2026, to shareholders of record as of December 12, 2025 [1] - Additionally, the company declared a quarterly cash dividend of $0.30 per share on its Class A and Class B Common Stock, payable on February 2, 2026, to shareholders of record as of December 31, 2025 [2] Management Statement - Dillard's CEO William Dillard, II and President Alex Dillard expressed excitement over the announcement, highlighting the commitment to shareholders, many of whom are associates of the company [2] - The management thanked customers and associates for their support, which contributed to the company's ability to declare this dividend [2]
Stifel Reports October 2025 Operating Data
Globenewswire· 2025-11-20 21:15
Core Insights - Stifel Financial Corp. reported record highs in total client assets and fee-based client assets, increasing by 12% and 18% year-over-year, respectively, driven by market appreciation and strong net asset inflows [2] - Treasury deposits grew by 35% compared to the prior year, reflecting the success of the company's banking deposit initiatives, which offset declines in client money market and insured product balances [2] - Bank loans increased by 1% since September, supported by higher residential, securities-based, and commercial lending [2] Selected Operating Data - Total client assets as of October 31, 2025, were $549,984 million, up from $493,469 million a year earlier, marking a 12% increase [2] - Fee-based client assets reached $222,818 million, an 18% increase from $189,326 million in the previous year [2] - Private Client Group fee-based client assets also rose by 18%, reaching $194,728 million compared to $165,530 million a year ago [2] - Net bank loans amounted to $21,796 million, reflecting a 5% increase from $20,722 million in the previous year [2] - Client money market and insured product balances decreased by 8%, totaling $25,505 million, down from $27,613 million [2] - Treasury deposits were reported at $8,006 million, a significant increase of 35% from $5,953 million in the prior year [2]
American Coastal Insurance Corporation to Participate in Upcoming Conferences
Globenewswire· 2025-11-20 21:15
ST. PETERSBURG, Fla., Nov. 20, 2025 (GLOBE NEWSWIRE) -- American Coastal Insurance Corporation (Nasdaq Ticker: ACIC) (“the Company”, “American Coastal” or “ACIC”), the insurance holding company of American Coastal Insurance Company (“AmCoastal”), announced today that its executive management team will participate in several investor conferences in December. The Company’s leadership, including Bennet Bradford Martz, President and Chief Executive Officer, and Svetlana Castle, Chief Financial Officer, will pro ...
Hawaii Water Service Proposes First Rate Adjustment for Kapalua since 2021; Reflects Investments Made to Help Improve Reliability and Maintain Safe Utility Service
Globenewswire· 2025-11-20 21:15
Core Points - Hawaii Water Service, a subsidiary of California Water Service Group, has requested an increase in water and sewer rates for the Kapalua systems for the first time since acquisition in 2021, aiming to raise revenues by $2.2 million to cover increased costs [1][2][3] Group 1: Rate Increase Request - The proposed rate increase is intended to recover costs associated with purchased water, higher operating expenses, and completed capital investments [1][2] - The utility plans to pass the increased costs of purchased water directly to customers on a dollar-for-dollar basis [2] Group 2: Infrastructure Investments - Hawaii Water has invested $3.4 million in infrastructure improvements to enhance the quality, reliability, and sustainability of local water and wastewater systems [2] - Key upgrades include rehabilitation of potable water storage facilities, replacement of aging valves, and improvements to sewer pump stations [7] Group 3: Commitment to Service - The company emphasizes its commitment to providing safe, clean, and reliable water services while controlling expenses to maintain affordability [3] - The new rates, if approved, could take effect in the second half of 2026 [3]
Senmiao Technology Limited Closes $2.8 Million Registered Direct Offering
Globenewswire· 2025-11-20 21:05
Core Points - Senmiao Technology Limited has completed a registered direct offering, selling 1,350,000 shares and pre-funded warrants for a total of approximately $2.8 million before expenses [1][3] - The company plans to issue additional warrants for up to 4,510,000 shares, pending stockholder approval, with an exercise price of $1.26 per share [2][4] - The financing aims to strengthen the company's financial foundation and support its growth strategy, focusing on diversifying revenue streams [3] Offering Details - The shares were sold at a purchase price of $1.26 each, with gross proceeds of about $2.8 million [1] - The offering is conducted under a "shelf" registration statement effective since September 29, 2023, with a prospectus supplement filed on November 14, 2025 [3] - The warrants will be offered under exemptions from registration requirements, and a registration statement for the resale of warrant shares will be filed within 30 days after stockholder approval [4] Company Overview - Senmiao Technology Limited is headquartered in Chengdu, Sichuan Province, and provides automobile transaction services, including sales, financing, and operating leases in China [6]
Crinetics Announces First Patient Randomized in Pivotal Phase 3 CAREFNDR Trial Evaluating Paltusotine in Carcinoid Syndrome
Globenewswire· 2025-11-20 21:05
Core Insights - Crinetics Pharmaceuticals has initiated the pivotal Phase 3 CAREFNDR trial to evaluate the efficacy and safety of paltusotine for treating carcinoid syndrome associated with neuroendocrine tumors, building on positive Phase 2 results [1][2][3] Company Overview - Crinetics Pharmaceuticals is focused on developing transformative therapies for endocrine diseases and related tumors, with a core expertise in targeting G-protein coupled receptors [7][8] - The company’s lead product, paltusotine, is the first once-daily oral treatment approved for adults with acromegaly who have had an inadequate response to surgery [8] Clinical Trial Details - The CAREFNDR trial will enroll 141 adults with carcinoid syndrome, randomizing participants in a 2:1 ratio to receive either paltusotine 80 mg or a matching placebo [2] - The primary endpoint of the trial is to measure the change in flushing episodes per day from baseline to Week 12, with bowel movement frequency as a key secondary endpoint [2] - Following the 16-week randomized period, the trial includes a 104-week open-label extension to evaluate long-term efficacy and safety [2] Product Information - Paltusotine is a selectively-targeted somatostatin receptor type 2 (SST2) nonpeptide currently in Phase 3 development for carcinoid syndrome, showing rapid and sustained reductions in symptoms during Phase 2 trials [5][6] - Approximately 20% of patients with neuroendocrine tumors experience carcinoid syndrome, characterized by symptoms such as diarrhea and flushing [6] Future Development - Crinetics is also exploring additional treatment options for neuroendocrine tumors through CRN09682, an investigational anti-tumor candidate that has received Investigational New Drug clearance [3]