Restructuring

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Grocery Outlet Holding Corp. Announces First Quarter Fiscal 2025 Financial Results
GlobeNewswire News Room· 2025-05-06 20:01
EMERYVILLE, Calif., May 06, 2025 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) ("Grocery Outlet," the "Company," "we" or "our") today announced financial results for the first quarter of fiscal 2025 ended March 29, 2025. Adjusted net income, diluted adjusted earnings per share and adjusted EBITDA are non-GAAP financial measures, which exclude the impact of certain special items. Please note that our non-GAAP financial (1) measures should be considered as a supplement to, and not as a substit ...
Delving Beyond HSBC's Q1 Earnings: Should You Buy the Stock?
ZACKS· 2025-05-06 15:00
HSBC Holdings (HSBC) reported first-quarter 2025 results last week. Results benefited from higher adjusted revenues and relatively stable operating expenses. On the other hand, heightened uncertainty and weakness in the economic outlook owing to geopolitical tensions and higher trade tariffs led to a rise in expected credit losses and other credit impairment charges (ECL).So now the question is, should investors think of buying HSBC stock at the moment? Let’s address this question by evaluating the company’ ...
Lear(LEA) - 2025 Q1 - Earnings Call Transcript
2025-05-06 14:02
Lear (LEA) Q1 2025 Earnings Call May 06, 2025 09:00 AM ET Company Participants Timothy Brumbaugh - VP of IRRay Scott - President, CEO & DirectorJason Cardew - Senior VP & CFOJoseph Spak - Managing DirectorJohn Murphy - Managing Director Conference Call Participants Dan Levy - Senior Equity Research AnalystEmmanuel Rosner - Managing Director - Senior Autos & Auto Technology AnalystColin Langan - Automotive & Mobility AnalystItay Michaeli - Equity Analyst Operator Good morning, everyone, and welcome to the Le ...
Rite Aid Files for Bankruptcy, Job Cuts Expected
PYMNTS.com· 2025-05-05 23:28
Rite Aid Corp. said Monday (May 5) that it has filed for Chapter 11 bankruptcy protection again, less than a year after emerging from a previous restructuring effort.This bankruptcy filing would be the company’s second in under three years. Rite Aid initially filed for Chapter 11 in October 2023. That process aimed to reduce approximately $2 billion in debt and involved closing around 850 store locations, ultimately resulting in lenders taking control of the business.Rite Aid emerged from that bankruptcy in ...
2024年券商资管赚钱能力大扫描:5家营收破10亿元,这家知名资管却亏损超5亿
Mei Ri Jing Ji Xin Wen· 2025-05-04 04:24
财通证券资管持续构建"一主两翼"业务版图。一方面,打造多元化的投资管理能力,提供专业化资产配置解决方案和有温度的服务;另一方面,立足集团及 自身特色资源禀赋,通过ABS、REITs、资本市场创新类业务等定制产品工具,实现投融联动,助力实体经济。 由于部分券商资管在2023年度才正式展业,可对比完整年度的券商资管为18家,其中10家在2024年营业收入上涨,8家营业收入同比下跌。 每经记者 李娜 每经编辑 彭水萍 随着2024年券商年报披露收官,券商资管行业的"成绩单"出炉。营收10亿元阵营的券商资管数量增至5家,少数头部券商资管业绩下滑,有券商资管竟巨亏 近6亿垫底。赚钱能力两极分化加剧,折射出当前行业的激烈竞争与深度变革。 2024年上半年债市走强,三季度债市由强转弱;前三季度权益市场持续低迷,随后市场开启"924行情",权益市场及转债市场流动性及活跃度显著上升,投 资者风险偏好快速修复。 据中国证券投资基金业协会统计,截至2024年末,证券公司及其资管子公司私募资管产品规模5.47万亿元,较上年末增长3%。 纳入统计的24家券商资管中,华泰资管、国君资管、财通资管、东证资管和中信证券资管5家2024年度营 ...
Red White & Bloom Brands Completes Transformative Restructuring, Announces Delay in Filing of Annual Financial Statements, and Granting of MCTO
Globenewswire· 2025-05-01 22:15
Core Viewpoint - Red White & Bloom Brands Inc. has successfully completed a series of transactions aimed at reducing shareholder dilution, lowering debt costs, refocusing on profitable growth, and facilitating the filing of financial statements through a Management Cease Trade Order (MCTO) [1] Debt Restructuring - The company restructured approximately C$145 million of outstanding debt through agreements with strategic lenders, as part of a broader debt renewal program [2] - The restructuring included the elimination of potential dilution of 198 million common shares, which is 42.1% of the issued shares, by removing debenture conversion rights [9] - Maturity dates for restructured debt have been extended to November 2026 for C$33 million and to September 2027 for the remaining C$112 million [9] - All cash interest and principal payments for the restructured debt have been deferred until their new maturity dates, resulting in principal reductions of $5 million and annualized interest expense savings of $2.5 million [9] Management Cease Trade Order - The company has been granted an MCTO due to delays in completing its fiscal year-end audit, which has prevented the filing of audited annual financial statements by the April 30, 2025 deadline [4][7] - The delay is attributed to the expanded scope of audit procedures and the restatement of prior financial information following a review by the Canadian Public Accountability Board [5] - The company expects to file the annual filings by May 30, 2025, and will issue updates on the progress through bi-weekly reports until the filings are completed [6][8] Company Overview - Red White & Bloom Brands Inc. operates as a multi-jurisdictional cannabis operator, focusing on major U.S. markets such as California, Florida, Missouri, Michigan, and Ohio, as well as Canadian and international markets [10]
Atlantic Petroleum Posts Net Profit of DKK 1,4MM for 2024
Globenewswire· 2025-04-30 16:49
Core Insights - Atlantic Petroleum reported a net profit of DKK 1.4 million for 2024, a significant recovery from a loss of DKK 20.7 million in 2023 [6] - The company reached an agreement with its main creditors to reduce total debt by at least DKK 90 million, although the restructuring is not yet finalized [3] - General and administration costs slightly increased to DKK 2.4 million in 2024 from DKK 2.3 million in 2023 [2][6] Financial Performance - The gross profit for 2024 was DKK 0 million, consistent with 2023 [6] - Exploration expenses remained at DKK 0.0 million for both 2024 and 2023 [6] - Loss before taxation improved to DKK 2.4 million in 2024 from a loss of DKK 20.7 million in 2023 [6] - Total shareholders' equity at the end of 2024 was DKK -112.8 million, an improvement from DKK -115.9 million in 2023 [6] - Net cash provided from operating activities decreased to DKK 0.5 million in 2024 from DKK 1.7 million in 2023 [6] - Cash and cash equivalents dropped to DKK 0.0 million at the end of 2024, down from DKK 1.1 million in 2023 [6] Company Overview - Atlantic Petroleum is involved in oil and gas joint ventures with international partners and is based in Tórshavn, Faroe Islands, with subsidiaries in the UK and Ireland [4] - The company's shares are listed on NASDAQ OMX Copenhagen [4]
Announcement regarding the postponed publication of the Consolidated audited annual information for 2024
Globenewswire· 2025-04-30 15:00
AUGA group, AB under restructuring, code 126264360, address Konstitucijos av. 21C, Vilnius, Lithuania (hereinafter referred to as the ‘Company’) postpones the publication of its audited annual accounts for 2024, which was scheduled for 30 April 2025, due to the complexities arising from the restructuring process. The key reasons for such a postponement are twofold. The restructuring process presents the Company with an extraordinary situation. There are currently not one but 18 companies of the group underg ...
Leggett's Q1 Earnings Beat Estimates, Revenues Decline Y/Y
ZACKS· 2025-04-29 18:50
Leggett & Platt, Incorporated (LEG) reported first-quarter 2025 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. On a year-over-year basis, the top line declined, but the bottom line increased.The quarterly results indicated continued demand softness in the company’s residential end markets due to a challenging macro environment and soft consumer spending. Softening in Automotive and Hydraulic Cylinders further impacted the company’s performance. Although LEG carrie ...
Intel: Good Quarter, Bad Vibes, Guidance Rattles Investors
MarketBeat· 2025-04-29 14:43
Intel TodayINTCIntel$20.72 +0.21 (+1.00%) 52-Week Range$17.67▼$37.16Price Target$22.23Add to WatchlistIntel NASDAQ: INTC reported seemingly positive first-quarter financial results, exceeding expectations for adjusted earnings per share (EPS) and revenue. However, this initial positive sentiment quickly faded due to the company's very cautious outlook for the second quarter, forecasting breakeven non-GAAP earnings per share.Get Intel alerts:This stark contrast caused Intel's stock price to decline and high ...