US-based fashion and lifestyle retailer PVH Corp has named Patricia Gabriel as its new chief supply chain officer and global head of operations. Gabriel will replace David Savman, who will continue as global brand president for Calvin Klein. The appointment will take effect in the fourth quarter of 2025. PVH Corp operates in more than 40 countries through its principal brands, Calvin Klein and Tommy Hilfiger She will report to PVH Corp’s CEO, Stefan Larsson. Larsson stated: “Patricia is a consumer-focu ...

LAS VEGAS, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) announced today that production at its flagship gold and silver processing facility has been temporarily paused following extreme weather conditions that caused severe flooding in the region. Heavy rains over the past weeks led to localized flooding that damaged sections of the plant’s production line, prompting the Company to suspend operations while repairs are underway. Engineering crews were immediatel ...

PUNE, India--(BUSINESS WIRE)--Belden Inc. (NYSE: BDC), a leading global provider of complete connection solutions, proudly announces the inauguration of its Pune Plant 2, a significant milestone in the company's ongoing commitment to innovation, operational excellence and sustainable growth. The inauguration ceremony was led by Dr. Ashish Chand, Belden's President and CEO, alongside the senior leadership team. A Major Leap Forward for Belden in the Asia Pacific Region The new five-story facilit. ...

Malibu Boats Investor Day Summary Company Overview - **Company**: Malibu Boats (NasdaqGM: MBUU) - **Event**: 2025 Investor Day held on September 25, 2025 - **Industry**: Marine and Boat Manufacturing Key Points and Arguments Management and Strategy - A new management team is in place, aiming to share the company's future direction and engage with stakeholders [3][4] - The company emphasizes a strategy of "build, innovate, and grow" to enhance customer experience and operational efficiency [6][10][12] Historical Context - Malibu Boats was founded in 1982 in California and later moved to Tennessee, a hub for boat manufacturing [5] - The company has expanded through acquisitions, including the Cobalt line in 2018 and Pursuit thereafter [5][6] Business Growth and Market Position - Malibu Boats operates eight manufacturing locations and has over 300 dealers globally, producing more than 85 boat models [6] - The company is the leading manufacturer of fiberglass boats, with a focus on customer satisfaction and innovation [6][9] Financial Performance - The company anticipates a return to mid-cycle performance, projecting revenues of approximately $1.3 billion with a 17.5% EBITDA margin if market conditions stabilize [17] - There is potential for outperformance, targeting $1.5 billion in revenue and a 20% EBITDA margin through improved execution [18] Innovation and Product Development - Continuous innovation is a core focus, with plans to introduce new products and features that enhance customer experience [11][31] - The company has a robust pipeline of new models, with four new models launched annually for the past decade [48] Market Opportunities - The total addressable market for boat building is estimated at $6 billion, with significant growth potential in marine services and technology [14] - The company aims to expand its market share through strategic M&A and by addressing white space opportunities in the market [12][51] Dealer Relationships - Strong relationships with dealers are emphasized, with an average partnership duration of over 12 years [46] - The company is focused on enhancing dealer support and engagement to drive retail success [21][66] Vertical Integration - Vertical integration is a key strategy, allowing for better control over quality, supply chain, and manufacturing processes [44][64] - Recent expansions in facilities and capabilities are designed to enhance operational efficiency and scalability [62][63] Customer Focus - The company prioritizes customer-centric strategies, aiming to meet diverse consumer needs across various boating activities [40][42] - There is a growing trend of first-time buyers seeking premium products that align with active lifestyles [42] Additional Important Content - The company has a disciplined approach to capital investment and M&A, ensuring alignment with strategic goals [34] - The focus on operational excellence includes continuous improvement initiatives to enhance manufacturing efficiency and reduce costs [20][62] - The introduction of innovative features, such as the NextGen LT4 engine and advanced touchscreen technology, positions Malibu as a leader in the industry [49][50] This summary encapsulates the key insights and strategic directions discussed during the Malibu Boats 2025 Investor Day, highlighting the company's commitment to innovation, customer satisfaction, and market leadership in the marine industry.

Core Insights - Tyson Foods, Inc. (TSN) benefits from a diversified protein portfolio, strong consumer demand, and an expanding global presence, which enhances its growth trajectory [1][5] - The company prioritizes innovation, marketing, and expanded distribution to align with consumer preferences and foster long-term brand loyalty [2] - Tyson Foods maintains a robust innovation pipeline and a diversified portfolio that includes beef, pork, chicken, and prepared foods, reducing dependence on any single category [3][10] Operational Strategy - The company's strategy is built on operational excellence, customer and consumer focus, and sustainability, achieved through continuous improvement initiatives and a strong supply-chain strategy [4] - Operational excellence enhances productivity and efficiency across all segments, supported by optimized plant utilization [4][10] Financial Performance - Tyson Foods' shares have decreased by 6.6% year to date, while the industry has seen a 19.9% decline [6] - The forward price-to-earnings ratio for TSN is 13.28X, compared to the industry average of 11.62X [7] - The Zacks Consensus Estimate for TSN's fiscal 2025 and fiscal 2026 earnings per share (EPS) indicates year-over-year growth of 25.8% and 3.7%, respectively [11]

Core Insights - Hightower Advisors has appointed Patrick Dunne as managing director and head of operations and services to enhance connectivity between advisors and the home office [1][2][3] - The firm is undergoing leadership changes with Larry Restieri as the new CEO, aiming to implement operational improvements and a centralized investment management platform for its advisors [5][6][7] Group 1 - Hightower Advisors, based in Chicago, manages $326 billion in client assets and is focused on improving operational excellence [1][3] - Patrick Dunne previously held leadership roles at BlackRock and founded BlueGranite, bringing significant experience to Hightower [2][3] - Dunne will join Hightower with an equity stake, indicating a commitment to the firm's growth [3] Group 2 - Larry Restieri, the new CEO, is making strategic changes since his appointment in February, including hiring Randy Bullard to lead a centralized investment management platform [5][6] - The new platform aims to provide Hightower's approximately 660 advisors with institutional research and investment counsel, enhancing the client experience [6][7] - Hightower plans to introduce more advancements for advisors in the coming months, emphasizing the importance of advisor choice in adopting new platforms [7][8]

Leadership Changes - MillerKnoll announced the appointment of John Hoke as Board Chair, effective October 13, 2025, following Mike Volkema's retirement after 25 years on the Board [1][2] - Jeff Stutz has been named Chief Operating Officer, effective September 8, 2025, continuing to report to Andi Owen, President and CEO [1][3] Leadership Background - John Hoke has been on the MillerKnoll Board since 2005 and has over 30 years of experience at Nike Inc., where he served as Chief Innovation Officer [2][3] - Jeff Stutz has been with the company since 2001, previously serving as Chief Financial Officer and has played a key role in navigating macroeconomic challenges [3][4] Responsibilities and Focus Areas - In his new role, Stutz will oversee MillerKnoll's International Contract Business, global manufacturing and distribution operations, and Europe-based brands [4] - Stutz aims to grow the International Contract and Group brands through the dealer ecosystem and optimize manufacturing operations globally [4][5] Company Overview - MillerKnoll is a collective of design brands, including Herman Miller and Knoll, focusing on furniture and accessories for commercial and residential spaces [6] - The company generated net sales of $3.7 billion in fiscal year 2025 [6]

Financial Data and Key Metrics Changes - The company reported total consolidated net sales of $1,130 million, down 2.2% year over year, with half of this decline attributed to prior year strategic divestitures of noncore assets [7][15][19] - Adjusted earnings per share for the quarter were $1.24, exceeding internal expectations and up from the same period last year [7][15] - Reported earnings per share included a non-cash impairment charge of $0.62 per diluted share, resulting in a reported EPS of $0.54 [15][19] - Free cash flow for the third quarter was $292 million, reflecting a year-over-year increase largely due to favorable changes in working capital [20][21] Business Line Data and Key Metrics Changes - Professional segment net sales were $931 million, up approximately 6% year over year, driven by higher shipments of underground construction and golf and grounds products [16][19] - Professional segment earnings for the third quarter were $199 million, up 20% year over year, resulting in an earnings margin of 21.3%, an increase from 18.8% in the prior year [16][19] - Residential segment net sales were $193 million, down 28% year over year, primarily due to lower shipments as homeowners deferred big-ticket purchases [17][19] - Residential segment earnings for the quarter were $4 million, or 1.9% of sales, compared to $33 million, or 12.2% of sales last year [17][19] Market Data and Key Metrics Changes - The company noted that channel inventory is clearing meaningfully, particularly in the residential segment, setting up a cleaner foundation for the 2026 selling season [8][17] - The professional segment continues to capture market share in areas experiencing structural growth, particularly in golf and infrastructure [10][12] Company Strategy and Development Direction - The company is focused on leveraging technology investments and operational excellence to drive significant value for customers and shareholders [5][9] - The AMP productivity program has delivered $75 million in annualized cost savings, with a target of at least $100 million by 2027 [9][27] - The company is strategically investing in value-generating technology and innovation while optimizing global supply chain operations [27][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's trajectory despite persistent headwinds in the residential segment, emphasizing the importance of operational improvements and cost control [5][9] - The company anticipates continued pressure from homeowner demand and channel caution affecting third-quarter results, but expects strong demand in the professional segment [22][24] - Full-year guidance expects total company net sales to be at the low end of the range of flat to down 3%, with professional segment revenue expected to be up slightly year over year [23][24] Other Important Information - The company has maintained its market share despite significant fluctuations in the market over the past few years [47] - The company is focused on returning value to shareholders while maintaining balance sheet flexibility for continued investment in technology innovation and new product development [22][30] Q&A Session Summary Question: How is the professional landscape channel performing amid consumer challenges? - Management noted that the professional landscape contractor business grew in the third quarter, driven by strong demand from contractors despite muted homeowner demand [34][35] Question: Is the strong margin in the professional segment sustainable? - Management confirmed that the strong margin performance was supported by a favorable mix and the AMP program, indicating potential for continued margin improvement [36][38] Question: Will interest rate cuts improve the residential outlook? - Management speculated that interest rate cuts could positively influence consumer confidence, potentially leading to increased big-ticket purchases [40] Question: What is the outlook for residential margins? - Management expects residential margins to be lower year over year, with a typical margin range of 8% to 10% anticipated in the future [51][52] Question: What are the expectations for year-end backlog and professional growth next year? - Management indicated that year-end backlog is expected to be substantially reduced, with continued good prospects for professional growth [54][56] Question: How is the AMP program progressing? - Management reported strong progress with the AMP initiative, tracking ahead of the $75 million savings goal, with discussions of a potential AMP 2.0 in the future [67] Question: What is the impact of tariffs on margins? - Management estimated that tariffs had a significant impact on costs, but they are implementing pricing and productivity measures to maintain margins [69][75] Question: What is the current status of inventory levels? - Management indicated that inventory levels are being managed prudently, with a focus on aligning dealer inventories for the upcoming selling season [104][113]

Financial Data and Key Metrics Changes - The company reported high single-digit growth in the first half of the year and generated cash in the second quarter, indicating progress towards set goals [20][21] - EBITDA margins are targeted to exceed 20% for sustainable positioning as a med tech company, with current margins at 17% to 18% [16][19] Business Line Data and Key Metrics Changes - The company aims for high single-digit growth in the recon segment and stable low single-digit growth in the PNR segment, with potential for double-digit growth in recon in 2025 [22][28] - New product launches, including the ARG system and MANIFUSE, are expected to drive growth in both recon and PNR segments [27][24] Market Data and Key Metrics Changes - Market trends show a stable environment with a pickup in the U.S. and a slight slowdown in Europe due to seasonal factors, but overall conditions are expected to stabilize [21] - The company has seen a shift in international sales from 22% to over 50% in the recon segment following the Lima acquisition [50] Company Strategy and Development Direction - The company is focusing on organic growth, operational excellence, and capital allocation, with a priority on debt reduction and free cash flow improvement [6][8][42] - The management emphasizes a robust product pipeline and innovation, aiming for a mix of singles and doubles rather than home runs [11][75] Management's Comments on Operating Environment and Future Outlook - Management acknowledges macroeconomic uncertainties as a wildcard affecting growth, particularly in Europe and Asia [33][28] - The company expects to be free cash flow positive in 2025, with a clear path to achieving 70% to 80% free cash conversion by 2026 [29][30] Other Important Information - The company plans to mitigate tariff impacts by shifting sourcing from China and increasing prices on the PNR side [37][39] - The ARVIS platform launch has been delayed by six months, but it is expected to enhance growth in the recon segment once fully operational [48][63] Q&A Session Summary Question: What are the business trends in July and August? - The company experienced high single-digit growth in the first half and anticipates stable market conditions for the third quarter [20][21] Question: Is there a pathway to double-digit recon growth in 2025? - The company believes it can achieve double-digit growth in recon, depending on new product launches and market conditions [22][23] Question: What are the key metrics for driving shareholder value? - The focus will be on meeting growth commitments, expanding EBITDA, and improving free cash flow [19] Question: What are the trends in the PNR market? - The PNR segment has shown resilience with stable growth of 3% to 4%, contributing significantly to cash generation [67] Question: What is the company's approach to capital allocation? - The immediate focus is on debt reduction, with M&A activities being deprioritized for the time being [42][46] Question: How will ARVIS contribute to revenue? - ARVIS is expected to start contributing meaningfully to revenues within a year, with initial contributions already noted [63] Question: What are the expectations for growth in 2026? - The company anticipates stable growth in recon and PNR, with potential headwinds from macroeconomic factors [31][33]

Core Viewpoint - Pilgrim's Pride Corporation reported solid second-quarter 2025 results, with both earnings and sales increasing year-over-year, benefiting from operational excellence and strategic partnerships [2][3]. Financial Performance - Adjusted earnings per share reached $1.70, up from $1.67 in the previous year, exceeding the Zacks Consensus Estimate of $1.54 [3]. - Net sales increased by 4.3% year-over-year to $4,757.4 million, driven by favorable commodity pricing and growth in U.S. and European markets [3]. - Gross profit rose to $715.3 million from $691.6 million, while operating income climbed 16.2% year-over-year to $512.3 million [3]. Segment Analysis - **U.S. Operations**: Net revenue increased to $2,820.4 million, with adjusted operating income at $413.5 million and margins expanding to 14.7% [5]. - **Europe Operations**: Revenue grew to $1,371.3 million, with adjusted operating income improving to $73.9 million, attributed to cost reduction and operational efficiencies [6]. - **Mexico Operations**: Net revenue decreased to $565.7 million due to currency pressures, but adjusted operating income remained at $86.9 million with margins of 15.4% [6]. Financial Health - The company ended the quarter with cash and cash equivalents of $849 million, long-term debt of $3,114.3 million, and total shareholders' equity of $3,752.5 million [7]. - Cash from operating activities for the six months ended June 29, 2025, was $622.1 million [7]. Analyst Sentiment - Analysts have not issued any earnings estimate revisions in the past two months, indicating a stable outlook [8]. VGM Scores - Pilgrim's Pride holds a strong Growth Score of A, a Momentum Score of A, and a Value Score of A, placing it in the top quintile for value investors [9][10]. Outlook - The company has a Zacks Rank 3 (Hold), suggesting an expectation of an in-line return from the stock in the upcoming months [11].