– Transaction creates new joint-venture in the North American produce industry backed by private investment firms – – Parties intend to provide additional capital to execute a roll-up strategy of other produce assets and operations – LAKE MARY, Fla., June 02, 2025 (GLOBE NEWSWIRE) -- Vanguard Food LP, a privately-held produce industry joint venture between Kennedy Lewis Investment Management, Sweat Equities, and Village Farms International, today announced the closing of a transaction which created a new, e ...

Athletes fundraise to support Foundation's healthy people, healthy planet mission while experiencing iconic Life Time eventEMPORIA, Kan., May 30, 2025 /PRNewswire/ -- When cyclists from across the United States and around the world take off at this weekend's premier gravel race, Life Time's (NYSE:LTH) UNBOUND Gravel in Emporia, Kansas, 44 participants will be riding for a cause: fundraising for the Life Time Foundation. With its focuses on healthy kids and a healthy planet, the Foundation collaborates with ...

BEIJING, May 30, 2025 /PRNewswire/ --Quhuo Limited (NASDAQ: QH) ("Quhuo" or the "Company"), a leading gig economy platform focusing on local life services in China, announced the performance of its homestay sector, Chengtu Home ("Chengtu"), during the 2025 Labor Day holiday. The overall occupancy rate reached 82%, an approximately 4% increase compared to the same period last year. The single-day occupancy peak surpassed 90%, showing approximately 3% year-over-year growth.According to China's Ministry of Cul ...

I'm always fascinated with how you balance your schedule because I know what you're doing in this the world of business, but you know, disclaimer, our kids go to school together and Pierce and Ella are very good friends and they're both juniors in high school and I see how committed you are to your family. You have five kids. How do you balance everything and how important is your family to what you do in the business world. So, my family is incredibly important to me.So, I have five priorities and I try to ...

Synopsys (SNPS) Q2 2025 Earnings Call May 28, 2025 05:00 PM ET Company Participants Trey Campbell - SVP - Investor RelationsSassine Ghazi - CEO, President & DirectorShelagh Glaser - CFOSiti Panigrahi - Managing DirectorGianmarco Conti - Director - Technology Equity ResearchJay Vleeschhouwer - Managing DirectorJoshua Tilton - Director Conference Call Participants Lee Simpson - AnalystJason Celino - Managing Director & Equity Research AnalystLiam Pharr - Equity Research AnalystNay Soe Naing - Equity Research ...

Financial Data and Key Metrics Changes - The company reported a strong second quarter with revenue of $1.6 billion, up 10% year over year, exceeding the midpoint of guidance [5][14][16] - Non-GAAP operating margin was 38%, and non-GAAP EPS was $3.67, reflecting strong execution and a resilient business model [14][16] - Backlog increased to $8.1 billion, up $400 million quarter on quarter [14][16] Business Line Data and Key Metrics Changes - Design Automation segment revenue was $1.12 billion, up 6% year over year, with an adjusted operating margin of 40.9% [17] - Design IP segment revenue increased by 21% year over year to $482 million, with an adjusted operating margin of 31.2% [17][10] Market Data and Key Metrics Changes - The company observed strength in Europe and South Korea, which offset headwinds from China [16] - The AI and HPC sectors remained robust, while non-AI end market demand was subdued [6][16] Company Strategy and Development Direction - The company is focused on addressing challenges in design complexity and costs driven by megatrends in AI, software-defined systems, and silicon proliferation [6][12] - The pending acquisition of Ensys is aimed at enhancing AI-powered silicon to systems design solutions [7][12] - The company is investing to maintain and extend its leadership position in AI for chip design [13] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a slowdown in China but reiterated confidence in full-year guidance due to strong execution in other regions [22][28] - The company is optimistic about the second half of the year, supported by strong demand in AI and HPC sectors [20][19] Other Important Information - The company is actively negotiating with SAMR for regulatory clearance in China regarding the Ensys acquisition [7][45] - Non-GAAP EPS targets have been increased to reflect Q2 outperformance, partly offset by net interest expenses from bond issuance [19] Q&A Session Summary Question: What is the expected impact of declining sales in China? - Management confirmed that they are anticipating a decline in China year over year but reiterated full-year guidance based on strong performance in other regions [26][28] Question: Can you clarify the bond payment structure? - The CFO confirmed that the first payment will include a catch-up for the first half month due to the bond's settlement timing [29] Question: What is the revenue mix in China? - Management stated that they do not split revenue by region but indicated it is similar to the rest of the world [35] Question: How is the largest customer’s R&D spend affecting growth? - Management noted that while there may be fluctuations, committed agreements generally protect EDA software revenue [42] Question: What is the plan if the ANSYS deal does not close? - Management emphasized that they are focused on completing the transaction and are confident based on received approvals [45][66] Question: What is the outlook for design activity in non-AI markets? - Management indicated signs of stabilization and new energy in industrial and automotive markets, with increased design activity expected [50] Question: How is pricing power being affected? - Management stated that pricing is based on the value delivered to customers, and they see opportunities to improve pricing as challenges increase for chip design [81] Question: What is the confidence level for achieving double-digit revenue growth? - Management expressed confidence in achieving industry-leading double-digit revenue growth, even with potential challenges in China [107]

Financial Data and Key Metrics Changes - The company reported revenue of $1.6 billion, representing a 10% year-over-year increase, exceeding the midpoint of guidance [4][14][15] - Non-GAAP operating margin was 38%, and non-GAAP EPS was $3.67, which was above the guided range [14][15] - Backlog increased by $400 million quarter-over-quarter to $8.1 billion [14][15] Business Line Data and Key Metrics Changes - Design Automation segment revenue was $1.12 billion, up 6% year-over-year, with an adjusted operating margin of 40.9% [16] - Design IP segment revenue increased by 21% year-over-year to $482 million, with an adjusted operating margin of 31.2% [16][10] Market Data and Key Metrics Changes - Strong demand was noted in Europe and South Korea, which offset headwinds from China [15] - The company observed a slowdown in China, which is expected to decline year-over-year, while other regions showed resilience [5][15][27] Company Strategy and Development Direction - The company is focused on leveraging megatrends in AI, software-defined systems, and silicon proliferation to drive growth [5][14] - The pending acquisition of Ensys is aimed at enhancing AI-powered silicon design solutions [6][12] - The company is investing to maintain its leadership position in AI for chip design [13] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a "tale of two markets," with robust demand in AI and HPC sectors, while non-AI end market demand remains subdued [5][4] - The company reiterated its full-year guidance despite challenges in China, citing strong execution in other regions [27][78] Other Important Information - Free cash flow was approximately $220 million, with cash and short-term investments totaling $14.3 billion and debt of $10.1 billion [16][17] - The company is confident in achieving industry-leading double-digit revenue growth despite potential challenges in China [102] Q&A Session Summary Question: What is the expected impact of declining sales in China? - Management confirmed that they are anticipating a decline in China year-over-year but reiterated full-year guidance based on strong performance in other regions [27][78] Question: Can you clarify the bond payment structure? - Management indicated that the first bond payment would include a catch-up for the first half month, transitioning to a regular semiannual payment schedule [28][29] Question: How is the revenue mix in China divided among software, IP, and hardware? - The company does not disclose revenue by region but indicated that the mix is similar to that of other regions [32] Question: What is the outlook for R&D spending among major customers? - Management noted that while there may be fluctuations, committed agreements generally remain stable, and opportunities arise when customers push their roadmaps [40][60] Question: What is the status of the pending ANSYS acquisition? - Management expressed confidence in closing the acquisition in the first half of the year, citing positive negotiations with regulators [42][63] Question: How is the company addressing the need for more system design capabilities? - The company is focused on completing the ANSYS acquisition, which is seen as essential for enhancing system design capabilities [42] Question: What are the expectations for R&D investment in the semiconductor industry? - Management observed a pickup in R&D investment in automotive and industrial sectors, indicating a positive trend for future growth [88][89] Question: How does the company view pricing power in the current environment? - Management stated that pricing is based on the value delivered to customers, and there is an opportunity to improve pricing as challenges in chip design increase [79][80]

Celsius Holdings, Inc. and Elani Nu Conference Call Summary Company Overview - **Company**: Celsius Holdings, Inc. (CELH) - **Acquisition**: Successfully completed acquisition of Elani Nu, a premium energy drink supplement health nutrition company founded in 2018 [2][5] Industry Insights - **Energy Drink Market**: The energy drink category is projected to grow at approximately 10% CAGR from 2024 to 2029 [10] - **Consumer Trends**: There is a significant consumer shift towards premium functional beverage options that cater to health and wellness [9][10] Financial Highlights - **Elani Nu Performance**: - 2024 net revenues: approximately $605 million - Adjusted EBITDA margin for 2024: approximately 15% - Adjusted EBITDA dollars for 2024: approximately $88 million - Revenue CAGR from 2022 to 2024: approximately 49% [6] - **Combined Financials**: - Projected combined revenues for 2024: approximately $2 billion - Combined brands represent approximately 16% market share in the U.S. energy category [14] - Expected run rate cost synergies of $50 million over two years post-acquisition [11] Strategic Rationale - **Complementary Brands**: The acquisition enhances Celsius's position as an innovative leader in the energy drink category, combining two growing brands with clear category tailwinds [10][11] - **Target Demographics**: - Celsius targets a gender-neutral, performance-driven audience - Elani Nu focuses on female consumers aged 18-24, emphasizing health and wellness [15] Growth Opportunities - **Product Portfolio Expansion**: - Elani's product mix includes RTD energy drinks (83% of sales), protein shakes (6%), and other supplements [7] - Potential to expand into adjacent categories and new channels [17] - **Innovation and Marketing**: - Plans for flavor innovation and marketing initiatives to drive growth [31] - Seasonal limited-time offerings (LTOs) will be strategically timed to maximize market impact [46] Operational Insights - **Integration Plan**: - Full integration of Elani Nu into Celsius's supply chain expected over 24 months, with significant synergies anticipated [24] - Initial synergies projected to roll in by Q4 2025, with a run rate of approximately $4.2 million per month starting April 2026 [27] - **Financial Projections**: - Projected GAAP gross margin for combined businesses in 2025: high 40s percentage - Expected effective tax rate for 2025: approximately 25% to 26% [21][22] Risks and Considerations - **Market Volatility**: The company acknowledges risks and uncertainties that may affect forward-looking statements [3] - **LTO Timing**: The success of limited-time offerings can lead to fluctuations in sales data, complicating revenue recognition [19][35] Conclusion - Celsius Holdings is positioned to leverage the acquisition of Elani Nu to enhance its market share and capitalize on growing consumer trends towards health-focused energy drinks. The integration strategy and focus on innovation are expected to drive significant growth and profitability in the coming years.

Financial Data and Key Metrics Changes - The company has grown margins by almost 400 basis points from 2018 to now and is on track to increase its margin profile by another 300 basis points over the next four years [22][23] - The company reaffirmed a revenue growth of 5% to 7% for Q3 and expects a margin profile of approximately 14% [75][76] Business Line Data and Key Metrics Changes - The advanced facilities and advanced manufacturing sectors, which include life sciences and semiconductor industries, represent about 25% of the company's business [40] - The industrial water space is at an inflection point, with significant growth potential due to increasing water scarcity and the need for treatment systems [47] Market Data and Key Metrics Changes - The private sector continues to move forward with capital projects, particularly in life sciences and chip manufacturing, despite uncertainties like tariffs [30][31] - State and local governments have not paused projects, continuing to utilize appropriated funds [33] - The federal sector, which represents about 9% of the business, has seen some pausing but is now starting to resume projects [34][35] Company Strategy and Development Direction - The company has redefined its asset life cycle approach, engaging earlier in clients' business to optimize capital and enhance project outcomes [17][18] - The company aims to increase its global delivery model from 10% of overall delivery to potentially doubling it in the next three to five years [49][50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the pipeline for the pharma sector, driven by advancements in AI for drug discovery, which allows for faster R&D processes [68][69] - The company is optimistic about the future, citing strong secular tailwinds across various markets, including water, environmental, and advanced facilities [12][13] Other Important Information - The company has a diverse project portfolio with 29,000 engagements, reducing exposure to any single client [79] - The company is focusing on enhancing its tech platforms to improve efficiency and develop unique solutions for clients [82][83] Q&A Session Summary Question: How are customers responding to the current economic environment? - Management noted that private sector clients are moving forward with capital projects, while state and local governments continue to utilize appropriated funds without pausing projects [30][33] Question: What is the company's strategy regarding the global delivery model? - The company aims to increase its global delivery model from 10% to potentially doubling it in the next three to five years, emphasizing the importance of trust built over decades with clients [49][51] Question: How does the company plan to balance M&A, buybacks, and dividends? - Management indicated that in the near term, M&A is not a focus, and the company plans to continue returning a significant portion of free cash flow to shareholders while reinvesting in itself [86]

More than a million students gain access to Credly certifications through partnerships with career and technical student organizations HOBOKEN, N.J., May 28, 2025 /PRNewswire/ -- Pearson (FTSE: PSON.L), the world's lifelong learning company, today announced a strategic partnership between its College and Career Readiness offerings and SkillsUSA, the largest student-led workforce development organization in the U.S. This partnership is designed to give students the skills and certifications they need to succ ...