MONACO, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (NYSE: SB) (the “Company”), an international provider of marine drybulk transportation services, announced its participation in the Dry Bulk Shipping Panel at the annual DNB Carnegie Energy & Shipping Conference, to be held in Oslo, Norway, on Wednesday, March 4 and Thursday, March 5, 2026. This top-tier Nordic event connects listed companies with capital markets, offering insights into market trends and industry outlooks as part of a prominent an ...

Management is accelerating a shift toward sports and entertainment assets where the company maintains a proprietary competitive advantage and can actively drive value. The sale of Dun & Bradstreet for $630 million and exits from Paysafe, System1, and Sightline represent a deliberate move away from non-strategic public securities. Black Knight Football Club (BKFC) is now the primary value driver, with AFC Bournemouth achieving significant transfer profits while maintaining Premier League performance. ...

Cannae (NYSE:CNNE) Q4 2025 Earnings call February 23, 2026 05:00 PM ET Company ParticipantsBryan Coy - CFOIan Zaffino - Managing DirectorJamie Lillis - Managing Director of Investor RelationsRyan Caswell - CEOConference Call ParticipantsKenneth Lee - VP and Senior Equity Research AnalystOperatorGood afternoon, ladies and gentlemen, and welcome to the Cannae Holdings, Inc. 4th Quarter and Full Year 2025 Financial Results Conference Call. During today's presentation, all parties will be in a listen-only mode. ...

Financial Data and Key Metrics Changes - Total operating revenues for Q4 2025 were $103 million, a 6% decrease from $110 million in Q4 2024, primarily due to lower restaurant revenue and nine fewer O'Charley's locations [12][13] - Total operating expenses in Q4 2025 were $127 million, down from $132 million in the prior year, with a significant decrease in operating expenses by approximately 13% when excluding non-cash impairment charges [13][14] - For the full year 2025, total operating revenue was $424 million, compared to $453 million in 2024, reflecting lower restaurant locations and associated revenue [15] - The operating loss for 2025 was $119 million, compared to $104 million in 2024, influenced by non-recurring management charges and non-cash impairment charges [15][16] Business Line Data and Key Metrics Changes - The decrease in total operating revenues was primarily attributed to lower guest traffic in restaurants, despite higher average guest checks [12] - The company reported a $55 million tax refund expected in summer 2026, resulting from strategic sales of shares [4][16] Market Data and Key Metrics Changes - The performance of AFC Bournemouth, a key investment, was highlighted, with the team sitting in 8th place in the Premier League and generating over $400 million in transfer proceeds [6][8] - The company also acquired the remaining 60% of FC Lorient for approximately EUR 60 million, enhancing its strategic position in the multi-club model [7] Company Strategy and Development Direction - The company is focusing on transforming its portfolio to concentrate on sports and entertainment-related assets, where it has a competitive advantage [9][10] - A new set of strategic priorities has been established to enhance operating performance, increase transparency, and maintain disciplined capital returns [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed dissatisfaction with the current stock price, indicating that it does not reflect the intrinsic value of the company's assets [8][41] - The board is committed to evaluating and enhancing governance policies to align with best practices [11] Other Important Information - The company repurchased $323 million of stock, representing 28% of its shares outstanding, and increased its dividend by 25% to $0.15 per quarter [4][5] Q&A Session Summary Question: Potential monetizations across the portfolio - Management is reviewing individual assets for potential monetization, particularly focusing on sports and entertainment-related assets [18][20] Question: Outlook on JANA partnership - Management remains optimistic about the partnership with JANA and believes they will continue to source opportunities aligned with the strategic focus on sports and entertainment [22][24] Question: AI risks across the portfolio - Management has considered AI impacts and believes that most portfolio companies are well-positioned with long-term contracts, while also being proactive in implementing AI for efficiency [25][27] Question: Valuation of Black Knight Football Club - Management discussed the valuation framework and indicated that they are providing more detailed financials to help investors understand the value of their investments [30][33] Question: Investment in SpaceX - The investment in SpaceX is expected to be a source of cash over time, with significant value appreciation since acquisition [35][38]

Cannae (NYSE:CNNE) Q4 2025 Earnings call February 23, 2026 05:00 PM ET Speaker5Good afternoon, ladies and gentlemen, and welcome to the Cannae Holdings, Inc. 4th Quarter and Full Year 2025 Financial Results Conference Call. During today's presentation, all parties will be in a listen-only mode. Following the company's prepared remarks, the conference will be open for questions with instructions to follow at that time. As a reminder, this conference call is being recorded and a replay is available through 11 ...

FedEx 2026 Investor Day Summary Company Overview - **Company**: FedEx Corporation (NYSE: FDX) - **Event**: 2026 Investor Day held on February 12, 2026 - **Key Speakers**: Raj Subramaniam (CEO), Jeni Hollander (VP of Investor Relations), and other business leaders Core Industry Insights - **Industry**: Logistics and Supply Chain Management - **Market Position**: FedEx operates one of the world's most valuable industrial networks, connecting over 99% of global GDP and transporting approximately $2 trillion of goods annually, delivering over 17 million packages each business day [6][21] Key Strategic Points 1. **Vision and Mission**: FedEx aims to make supply chains smarter for everyone, focusing on enhancing customer experience, modern technology, and lower costs [4][25] 2. **Transformation Strategy**: The company is undergoing a transformation to create an integrated, intelligent industrial network that combines physical and digital capabilities [24][34] 3. **Financial Performance Goals**: FedEx expects revenue to grow at a compound annual growth rate (CAGR) of 4% from fiscal 2026 to 2029, with adjusted operating income growth of approximately 14% during the same period [33][56] Operational Highlights - **Workforce**: FedEx employs over 500,000 people globally, emphasizing a culture of safety, service, and innovation [7][10] - **Data Utilization**: The company generates and processes 2 petabytes of data daily, leveraging AI and data analytics for network planning, forecasting, and customer visibility [22][68] - **Cost Savings**: Structural changes have led to $4 billion in savings from FY 2023 through FY 2025, with an additional $2 billion expected by the end of 2027 [25][26] Market Segmentation and Growth Areas 1. **Revenue Breakdown**: Approximately 70% of revenue comes from U.S. Domestic operations, while 30% is from International markets [21][38] 2. **Target Verticals**: Focus on high-margin sectors such as healthcare, automotive, aerospace, and data centers, with a combined market opportunity of $130 billion [40][42] 3. **B2B and B2C Strategies**: Targeting $6.5 billion in incremental B2B growth, with a focus on high-value goods and specialized B2C segments [41][54] Technological Advancements - **Digital Transformation**: FedEx is modernizing its technology stack, embedding AI into operations, and simplifying processes to enhance efficiency and customer experience [62][75] - **AI Integration**: Plans to integrate AI into over 50% of core operational workflows by 2028, improving service and reducing costs [75][76] Strategic Partnerships - **InPost Investment**: FedEx is participating in a consortium to acquire InPost, a European out-of-home delivery enabler, which is expected to enhance B2C last-mile operations and improve financial performance [30][31] Conclusion - **Future Outlook**: FedEx is positioned to leverage its extensive network and technological advancements to drive growth, improve profitability, and enhance customer service, with a clear focus on high-margin verticals and operational efficiency [34][57]

Core Insights - The Retail Momentum Index is a new data and analytics solution created through a collaboration between Dun & Bradstreet and FedEx Dataworks, aimed at providing a leading indicator of retail trade activity in the U.S. [1][2] - The index integrates various data sources, including shipping data and business activity signals, to offer a comprehensive view of retail momentum, allowing businesses to detect trends before they appear in traditional reports [2][3] Retail Momentum Index Details - The Retail Momentum Index will utilize adjusted monthly returns from the U.S. Census Bureau's Advance Monthly Retail Sales and Food Services series as its benchmark [3] - Early insights indicate that retail activity remained soft during the 2025 holiday season, but signs of stabilization are evident, with improved credit health for U.S. retail businesses following three interest rate cuts by the Federal Reserve in 2025 [4][5] Performance Indicators - Year-over-year momentum was negative in Q4 2025, but the average decline improved to 10.3%, a significant reduction from 21.0% in Q4 2024, indicating a slowdown in contraction [5] - Returns volumes fell significantly, with an average decline of 38.4% from 2023 to 2024 and 54.5% from 2024 to 2025, suggesting improved demand quality and more disciplined spending [5] Future Outlook - Retail activity is expected to remain broadly stable through at least the first half of 2026, unless major regulatory or policy changes occur [6] - The launch of the Retail Momentum Index marks the beginning of a broader collaboration between Dun & Bradstreet and FedEx Dataworks to develop additional market insights [6]

Core Insights - Rackspace Technology has appointed Joseph Vito as Senior Vice President of Strategic Alliance Partnerships to enhance its global strategy for technology and channel partnerships [1][3] - Vito has over 25 years of experience in technology leadership and cloud transformation, previously working with Amazon Web Services (AWS) and Dell-EMC [2][3] - The CEO of Rackspace, Gajen Kandiah, emphasized Vito's expertise in cloud transformation and strategic partnerships as crucial for advancing the company's mission to deliver scalable AI-enabled cloud environments [3] Company Overview - Rackspace Technology is recognized as a leading end-to-end hybrid cloud and AI solutions provider, capable of designing, building, and operating cloud environments across various technology platforms [5] - The company partners with clients throughout their cloud journey, facilitating application modernization, new product development, and the adoption of innovative technologies [5]

Core Viewpoint - Tropare, Inc. has achieved a legal victory against Dun & Bradstreet, Inc. in a lawsuit concerning the misappropriation of Tropare's confidential data, with the Superior Court of New Jersey granting a Motion for Partial Summary Judgment [1] Company Summary - Tropare, Inc. is identified as a leading provider of data management solutions [1] - The litigation involves Dun & Bradstreet, Inc., which is now a portfolio company of Clearlake Capital Group, L.P. [1] Legal Outcome - The Superior Court of New Jersey, Essex County (Law Division) granted Tropare's Motion for Partial Summary Judgment on December 9, 2025 [1] - The lawsuit centers around the allegation of misappropriation of Tropare's confidential information by D&B [1]

Financial Data and Key Metrics Changes - Cannae's operating revenue for Q3 2025 was $107 million, down $7 million from $114 million in Q3 2024, driven by reduced guest counts and fewer restaurant locations [16] - Total operating expenses decreased by $12 million to $120 million in Q3 2025, with reductions attributed to restaurant group location and operating cost reductions [16][17] - Net recognized gains were $8 million in Q3 2025, down $15 million from the prior year, reflecting lower mark-to-market gains on Paysafe [17] Business Line Data and Key Metrics Changes - Cannae's equity and losses of unconsolidated affiliates were $57 million in Q3 2025, compared to $25 million in Q3 2024, driven by Alight's goodwill impairment and record player trading profits at Black Knight Football [17] - Alight reported total revenue of $533 million in Q3 2025, down 4% year over year, but adjusted EBITDA and free cash flow improved significantly [13][14][15] Market Data and Key Metrics Changes - The restaurant segment saw reduced guest counts and 10 fewer locations, primarily affecting the O'Charley's brand, while the 99 brand maintained flat or slightly down same-store revenues [16] Company Strategy and Development Direction - Cannae is focused on executing its strategic plan initiated in February 2024, which includes optimizing investment strategy, capital allocation, and managing its portfolio for long-term value creation [4][5] - The company has transitioned its portfolio from 70% public investments to 20% public investments, emphasizing proprietary private investments expected to generate outsized returns [5][10] - Future capital allocation will concentrate on sports and sports-related assets, leveraging networks to find opportunities in the sports ecosystem [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strategic plan's execution and the progress made, highlighting the importance of transitioning to proprietary investments [4][10] - The company remains optimistic about the sports sector evolving into an institutional asset class, with a focus on improving cash flows and generating investor returns [9] Other Important Information - Cannae has returned over $500 million to shareholders since the strategic plan announcement, representing 35% of shares outstanding at that time [10] - The company plans to sell certain non-core assets to take advantage of expiring tax benefits, potentially generating up to $55 million in cash tax refunds [6] Q&A Session Summary Question: Potential tax benefits and investment monetizations - Management indicated that tax assets refer to historical gains where losses could be utilized for tax refunds, focusing on realizing unrealized losses for this purpose [20][21] Question: Criteria for monetizing investments - Management confirmed that the focus would be on realizing unrealized losses and monitoring the broader portfolio for less strategic assets [22] Question: Investments in SpaceX and Brisada Resorts - Management clarified that these investments are not new and may be considered for monetization as part of the strategic review [23][24] Question: AI risks in fintech and software investments - Management acknowledged the growing importance of AI and stated that portfolio companies are leveraging AI to improve efficiency and revenue without being made obsolete [25][26] Question: Divesting non-core assets and capital returns - Management emphasized a balanced approach to returning capital to shareholders while considering new investments, maintaining a consistent dividend [30][32] Question: Update on AFC Bournemouth stadium renovation - Management provided an update on the stadium renovation, indicating that the first phase is expected to be completed by the start of the 2026-2027 season, with significant improvements planned [33][34]