Michaud added that the company absorbed rightsizing and restructuring costs in 2025 that reduced margins by about 40 basis points , implying underlying margin expansion of roughly 80 basis points before those costs.On profitability, Michaud said adjusted EBITDA in Q4 was CAD 694 million , up about 9% year-over-year, and adjusted EBITDA margin in the quarter was 18.9% versus 18.7% in Q4 2024. For the full year, adjusted EBITDA totaled CAD 2.5 billion , up 17% , with adjusted EBITDA margin of 18.3% , which ma ...

Core Viewpoint - The analysis indicates a cautiously bullish outlook for IonQ, Inc. (IONQ) following its earnings report, despite a 21% decline in stock price since the last coverage and a downgrade to hold rating. The company shows signs of revenue inflection, shifts in product mix, and a significant increase in backlog amounting to $370 million [1]. Group 1 - IonQ's stock has dropped 21% since the last coverage, leading to a downgrade to a hold rating [1]. - The company is experiencing a revenue inflection, which is a positive indicator for future performance [1]. - There has been a notable increase in the backlog, which now stands at $370 million, further solidifying the company's position [1].

Core Insights - The article highlights the extensive experience of Roberts Berzins in financial management, particularly in shaping financial strategies for top-tier corporates and executing large-scale financings [1] - It emphasizes Berzins' contributions to institutionalizing the REIT framework in Latvia, aimed at enhancing the liquidity of pan-Baltic capital markets [1] - The article also notes Berzins' involvement in developing national SOE financing guidelines and frameworks to channel private capital into affordable housing [1] Group 1 - Roberts Berzins has over a decade of experience in financial management [1] - He has significantly contributed to the institutionalization of the REIT framework in Latvia [1] - Berzins is a CFA Charterholder and holds an ESG investing certificate [1] Group 2 - He has worked on developing national SOE financing guidelines [1] - Berzins has focused on creating frameworks for channeling private capital into affordable housing stock [1] - He is actively involved in thought-leadership activities to support the development of pan-Baltic capital markets [1]

Investing is a key way many Americans grow their wealth. Unfortunately, taxes are a normal part of investing. If not managed wisely, certain actions can unintentionally raise your tax bill. Avoid these four investing decisions if you want to avoid a surprise during tax season. 1. Ignoring Where You Hold Your Investments An IRA is a powerful retirement planning tool. Contributions are tax-deductible in the year it occurs in the case of a traditional IRA, or you can opt for a Roth IRA that typically allow ...

Wall Street’s major market averages finished lower on Friday after the January wholesale inflation report came in hotter than expected. The blue-chip Dow was last lower by 1%, while the benchmark S&P 500 was -0.4%. At the same time, the tech-focused Nasdaq Composite was -0.9%. ...

Group 1 - Oil futures are set to begin trading later on Sunday, indicating potential market movements in the crude oil sector [1] - Saudi Aramco shares experienced an increase as trading resumed in Saudi Arabia, suggesting positive market sentiment towards crude oil prices [1] - The rise in Saudi Aramco shares may hint at an anticipated surge in crude oil prices [1]

Electronic component designer Celestica (CLS) is currently cashing in on the artificial intelligence (AI) boom by supplying tech giants with Ethernet switches and other equipment. The spending spree has turned the tide for Celestica, making it the top supplier of 800 Gbps Ethernet switches to leading hyperscale tech giants. The company also has a longstanding partnership with chip giant Advanced Micro Devices (AMD), which has positioned it as a beneficiary of AMD’s multi-year collaboration with Meta Plat ...

As the business world comes to grips with artificial intelligence, the biggest risk may be one where those running the economy can't possibly stay ahead. As AI systems become more complex, humans aren't able to fully understand, predict, or control them. That inability to understand at a fundamental level where AI models are going in the coming years makes it harder for organizations deploying AI to anticipate risks and apply guardrails. "We're fundamentally aiming at a moving target," said Alfredo Hickman, ...

Group 1 - Diageo plc (DEO) has decreased by $16, or 16%, over the past five months, which supports a hold rating [1] - The decline in Diageo's stock price is attributed to various factors affecting the consumption of alcoholic beverages [1] Group 2 - The analyst has nearly two decades of experience in the logistics sector and almost a decade in stock investing and macroeconomic analysis, focusing on ASEAN and NYSE/NASDAQ stocks [1] - The analyst has diversified investments across different industries and market cap sizes, including banking, telecommunications, logistics, and hotels [1] - The analyst entered the US market in 2020 and has been using analyses from Seeking Alpha to compare with the Philippine market [1]

Core Insights - New Found Gold Corp. has announced the final results of its 2025 grade control drill program at the Queensway Gold Project, highlighting high gold grades from the Keats and Iceberg zones, which are crucial for early open pit mining plans [1][2][3] Drilling Program Summary - The 2025 drill program included 74,377 meters of drilling across 614 diamond drill holes, with 75% focused on the AFZ Core to support the Phase 1 mine plan [19] - The final results include 907 meters from 32 drill holes at the Keats excavation and 2,390 meters from 40 drill holes at the Iceberg excavation [3][4] Drill Results Highlights - Significant gold intercepts from the Iceberg excavation include: - 71.8 g/t Au over 31.95 meters from 37.80 meters [8] - 76.6 g/t Au over 16.00 meters from 51.45 meters [11] - 44.4 g/t Au over 21.55 meters from 13.40 meters [11] - Notable results from the Keats excavation include: - 51.3 g/t Au over 3.40 meters from 54.60 meters [17] - 11.8 g/t Au over 9.95 meters from 13.20 meters [12] Geological Context - The Keats and Iceberg zones are part of the Keats-Baseline Fault Zone, which has a defined strike length of 1.9 kilometers and has been confirmed to extend to vertical depths of up to 1.1 kilometers [7] Future Plans - The 2026 drill program is currently underway with four drill rigs active, focusing on infill drilling for PEA Phase 2 open pit resource conversion and transitioning to underground resource conversion later in the year [20] - The company plans to expand its grade control drilling in Q2 2026, optimizing drill hole spacing and scope based on 2025 results [21]