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TruGolf Strengthens Golf Industry Technology Leadership as Its Core Software Powers Sky Sports' Award-Winning Coverage of the 2025 Open Championship at Royal Portrush
Globenewswire· 2025-11-20 21:45
Core Insights - TruGolf Holdings Inc. has played a significant role in the award-winning Sky Sports Golf broadcast of the 153rd The Open Championship, enhancing its position in golf simulation and technology [1][5] - The global golf simulator market is rapidly expanding, projected to grow from approximately US $1.74 billion in 2024 to nearly US $3.95 billion by 2032, with a compound annual growth rate (CAGR) of ~10.9% [2] - TruGolf's proprietary E6 Apex engine was utilized to create hyper-accurate digital recreations of Royal Portrush Golf Club, showcasing the company's advanced simulation capabilities [3][4] Company Developments - The same simulation technology used in the "Open Zone" broadcast is now available to TruGolf customers through various commercial simulators and home systems, featuring over 15,000 playable global courses [4] - TruGolf's CEO emphasized that the recognition from the Broadcast Sport Awards validates the company's long-term strategy and highlights the growth potential for both TruGolf and the indoor golf market [5] - TruGolf Range combines outdoor golf authenticity with advanced analytics, providing a fully immersive practice environment powered by the E6 Apex simulation engine [6] Product Offerings - TruGolf's LaunchBox and APOGEE launch monitors offer instant shot analysis, allowing players to review and analyze their performance through the E6Golf Web App [7] - The company aims to transform the golfing experience with its innovative technology, making golf more accessible and enjoyable for players [9]
Greenwave Announces Receipt of a Staff Determination Letter from Nasdaq and That it Will Seek a Hearing & Continued Listing
Globenewswire· 2025-11-20 21:35
Core Viewpoint - Greenwave Technology Solutions, Inc. is facing potential suspension of its securities from Nasdaq due to non-compliance with filing requirements, specifically the failure to submit Quarterly Reports on Form 10-Q for multiple periods [1][3]. Company Compliance Status - The Company received a Staff Determination Letter from Nasdaq on November 18, 2025, indicating non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the lack of filing for the periods ended March 31, 2025, June 30, 2025, and September 30, 2025 [1][3]. - The Company filed its Quarterly Report for the period ended March 31, 2025, on November 19, 2025, and is working to file the remaining reports to ensure compliance [2]. Appeal Process - The Company has the option to appeal the Staff's determination by requesting a hearing before a Nasdaq Hearings Panel, which would temporarily stay the suspension of its securities for at least 15 days [4]. - A hearing request must be submitted by November 25, 2025, to avoid suspension, and hearings are typically scheduled 30-45 days after the request [4]. Company Overview - Greenwave operates 13 metal recycling facilities across Virginia, North Carolina, and Ohio, processing both ferrous and nonferrous scrap metal [5]. - The Company employs unique technologies to enhance processing volumes and efficiencies, including a downstream recovery system and a cloud-based ERP system [5]. Industry Context - Steel recycling is highlighted as a significant environmental benefit, reducing energy use and conserving natural resources compared to virgin metals [6]. - The Company aims to expand its operations by acquiring independent, profitable scrap yards in the near future [6].
Top Ships Inc. announces extension of Time Charter for its MR Tanker
Globenewswire· 2025-11-20 21:30
Core Viewpoint - TOP Ships Inc. has extended its time charter agreement with Weco Tankers A/S for three years at a daily rate of $18,250, resulting in a total gross revenue backlog of $20.0 million [1] Company Overview - TOP Ships Inc. is an international owner and operator of modern, fuel-efficient eco tanker vessels that transport crude oil, petroleum products, and bulk liquid chemicals [2]
XAI Octagon Floating Rate & Alternative Income Trust Will Host its Q3 2025 Quarterly Webinar on December 2, 2025
Globenewswire· 2025-11-20 21:30
CHICAGO, Nov. 20, 2025 (GLOBE NEWSWIRE) -- XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) (the “Trust”) today announced that it plans to host the Trust’s Quarterly Webinar on December 2, 2025, at 12:00 pm (Eastern Time). Kevin Davis, Managing Director at XA Investments (“XAI”) will moderate the Q&A style webinar with Kimberly Flynn, President at XAI, and Lauren Law, Senior Portfolio Manager at Octagon Credit Investors. TO JOIN VIA WEB: Please go to the Knowledge Bank section of xainvestme ...
Unity Bancorp, Inc. Announces Executive Leadership Promotions
Globenewswire· 2025-11-20 21:23
Core Viewpoint - Unity Bancorp, Inc. announces the promotion of George Boyan to President, effective January 1, 2026, highlighting the company's leadership strength and strategic direction [1][4]. Leadership Changes - George Boyan will transition from Executive Vice President and Chief Financial Officer to President and will also join the Boards of Directors of Unity Bancorp, Inc. and Unity Bank [2]. - James Davies, currently Senior Vice President and Controller, will succeed Boyan as Chief Financial Officer, bringing extensive experience in financial management [2]. Company Overview - Unity Bancorp, Inc. is headquartered in Clinton, New Jersey, with approximately $2.9 billion in assets and $2.3 billion in deposits [4]. - Unity Bank, the wholly owned subsidiary, serves retail, corporate, and small business customers through a branch network across several counties in New Jersey and Pennsylvania [4].
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]