10 June 2025 | 7:14AM HKT China Online Travel Agencies JD's reported entry into travel booking industry. Analysis on economics and potential impact on OTAs Media (news link) reported that JD is expanding into the travel and hospitality booking industry by providing its users competitive pricing on airfares and hotel room bookings. Highlighting its commitment, the company is reportedly beefing up its business development team by recruiting staff/talent from other OTAs with as much as 2-3x more salaries. We n ...

RANCHO CORDOVA, Calif., June 09, 2025 (GLOBE NEWSWIRE) -- Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank, today announced the planned opening of its newest office in Walnut Creek, marking a significant expansion of its Bay Area footprint. “Fueled by post-pandemic migration and a vibrant small business sector, Walnut Creek has experienced steady commercial growth and rising demand for high-tech and h ...

Graham (GHM) Q4 2025 Earnings Call June 09, 2025 11:00 AM ET Company Participants Tom Cook - Managing DirectorDaniel Thoren - President & CEOMatthew Malone - President & COOChristopher Thome - Chief Accounting Officer, VP of Finance, CFO & Corporate SecretaryRussell Stanley - Managing Director - Equity ResearchTony Bancroft - Portfolio Manager Conference Call Participants Richard Ryan - Vice President, Senior Research AnalystJoe Gomes - Senior Generalist AnalystChristopher Glynn - Managing Director and Seni ...

Financial Data and Key Metrics Changes - Full year revenue grew approximately 13% to $210 million, with adjusted EBITDA increasing 69% to $22.4 million, representing 10.7% of sales [6][31] - Record backlog reached $412 million as of March 31, up 7% sequentially, with a book to bill ratio of 1.1, marking the fifth consecutive year above 1.0 [7][36] - Fourth quarter net income was $4.4 million, compared to $1.3 million in the prior year, equating to $0.40 per share on a GAAP basis [31] Business Line Data and Key Metrics Changes - Defense market sales grew by $7.7 million or 28% year-over-year, driven by existing programs and improved execution [28] - Energy and process sales increased by $1.8 million, supported by higher capital equipment sales to the Middle East and Asia [28] - Aftermarket sales for energy and process and defense markets totaled $12.1 million, up 3% from the prior year [28] Market Data and Key Metrics Changes - The defense sector remains a key focus, with significant contracts awarded, including a $136.5 million contract for the Virginia class submarine program [7][8] - The energy and process market is seeing continued demand, with innovative solutions driving customer interest [9] Company Strategy and Development Direction - The company is transitioning into a growth phase, focusing on product life cycle expansion, commercialization, global reach, and digital transformation [23][26] - Investments in automation and facility expansion are aimed at enhancing operational efficiency and throughput [21][22] - The strategic plan includes a target of 8% to 10% organic revenue growth and low to mid-teens adjusted EBITDA margins by fiscal 2027 [14][42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to capitalize on opportunities in the defense and energy sectors, supported by a robust backlog and strategic investments [14][39] - The leadership transition is expected to ensure continuity in strategic vision and operational execution [12][13] Other Important Information - The company has secured a $50 million credit facility to support future growth initiatives [22] - Capital expenditures for fiscal 2025 were $19 million, with expectations to maintain CapEx at 7% to 10% of sales in the coming years [10][38] Q&A Session Summary Question: Inquiry about guidance and gross margin outlook - Management indicated that the gross margin outlook is primarily affected by tariffs and the absence of a training grant, with process improvement initiatives in place to offset these factors [45][46] Question: Details on the investment in radiographic equipment - The new X-ray equipment will enhance the evaluation of complex welds, improving efficiency and quality in production [47][48] Question: Update on M&A opportunities - The M&A pipeline is robust, with opportunities arising from aging ownership groups, and valuations are seen as favorable for strategic acquisitions [51][52] Question: Changes in contract terms for Navy orders - Management confirmed that there are protective clauses in contracts to mitigate commodity price volatility, ensuring stability in pricing [58][59] Question: Status of welder training program and future needs - The welder training program has been successful, with a 10% increase in welders year-over-year, supporting growth in both defense and energy sectors [62][63] Question: Utilization of the cryogenic facility - The cryogenic facility is on track to be operational soon, with strong demand anticipated based on customer inquiries [67][70] Question: Progress on NextGen nozzle and potential clients - The NextGen nozzle design is complete, with ongoing discussions with existing clients for upgrades during maintenance turnarounds [75][76]

VANCOUVER, British Columbia, June 09, 2025 (GLOBE NEWSWIRE) -- LEEF Brands Inc. (CSE: LEEF) (OTCQB: LEEEF) (“LEEF” or the “Company”), a premier California and New York extraction company, today announced a significant development as it begins to expand nationally. LEEF Closes on New York Type 1 Cannabis Processor LicenseLEEF has officially closed on the acquisition of a Type 1 Cannabis Processor License in New York. This is a plant-touching license that allows the Company to engage in extraction, blending, ...

InterGlobe Aviation (INDIGO IN) Buy: Healthy strategy set to get winner's crown Plausible network strategy: Indigo continues to expand its domestic network, especially new tier 2/3 routes, a strategy followed by many successful airlines. Although it could take some time for these routes to develop, it will allow Indigo to avoid having significant exposure to competitive lower-yielding routes and will expand skies for it to profitably deploy capacity. According to the current schedule, the top 15 domestic ro ...

6 June 2025 | 10:11AM EDT Global Markets Daily: How Fiscal Risks Could Impact the Dollar (Rosenberg/Jenkins) How Fiscal Risks Could Impact the Dollar Fiscal sustainability has come into greater focus for investors, not only in the US, but in the UK and Japan as well. The timing of the budget process has led markets to focus on the US's large and persistent deficit at a time when investors were already eyeing the durability of foreign demand for US assets. This has led to some brief but sharp dislocations be ...

5 June 2025 | 10:59PM HKT Mengniu Dairy (2319.HK): Consumer & Leisure Corporate Day: UHT milk demand softness persists; investing in channels for share gain We hosted Mengniu's IR team at our Consumer & Leisure Corporate Day on Jun 5. Key takeaways include: 1) Recent trends: Company noted still weak YTD demand trend for UHT liquid milk, with Apr/May trends tracking largely similar to 1Q25 without notable consumption sentiment uptick. YTD trends showing healthy growth in fresh milk/chilled yogurt and other c ...

Petco Health and Wellness (WOOF -25.14%) reported first quarter 2025 earnings on June 5, with net sales declining 2.3% year over year and comparable sales down 1.3%, while gross margin expanded 30 basis points year over year to 38.2%. Adjusted EBITDA rose $13.8 million for the quarter to $89.4 million (6% of sales), demonstrating material profitability improvement despite continued top-line headwinds and active cost management initiatives.Petco Managed Margin Expansion Despite Sales DeclineStore count total ...

President Donald Trump's push to dramatically increase nuclear power in the U.S. will require a tremendous amount of fuel, but the country remains heavily dependent on foreign state-owned companies for its supplies, the CEO of the only publicly traded uranium enricher in the world told CNBC."There's barely enough Western enrichment, if at all, to satisfy existing operating plants," Centrus Energy CEO Amir Vexler said in an interview. "If the nuclear industry is to add all this generation capacity, there wil ...