Acquisition of voestalpine BÖHLER Profil February 3, 2026 Forward-Looking Statements The following constitutes a "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This presentation contains forward-looking statements that involve a number of risks and uncertainties, including forward-looking statements about the financial and operating performance of voestalpine BÖHLER Profil, the benefits of the proposed acquisition of voestalpine BÖHLER Profil (the "Acquisition"), the pro ...

Core Insights - Berkshire Hathaway Inc. (BRK.B) is considering exiting its position in Kraft Heinz, which would be the first strategic move by new CEO Greg Abel and signify the end of Warren Buffett's investment in the company [1][8] Company Position - BRK.B holds a 27.5% stake in Kraft Heinz, making it the largest shareholder, with an investment valued at $8.6 billion as of September 30, 2025 [2][8] - Following Kraft Heinz's announcement of a strategic review, Berkshire wrote down $3.76 billion against its stake [3][8] Strategic Moves - Kraft Heinz plans to separate into two independent, publicly traded companies through a tax-free spin-off to enhance strategic focus and reduce complexity [3] - Berkshire Hathaway's investment strategy focuses on acquiring businesses with durable earnings power, strong returns on equity, and skilled management at sensible valuations [4] Competitor Analysis - Progressive Corporation (PGR) and Travelers Companies (TRV) are noted for their disciplined acquisition strategies aimed at enhancing core strengths and expanding into complementary markets [5][6] Financial Performance - BRK.B shares have gained 1.8% over the past year, outperforming the industry [7] - The price-to-book value ratio for BRK.B is 1.49, above the industry average of 1.42, indicating an expensive valuation [9] - The Zacks Consensus Estimate for BRK.B's first-quarter 2026 EPS has remained stable, while the estimate for 2026 revenues indicates a year-over-year increase [10][11]

NEW YORK and SEOUL, South Korea, Jan. 26, 2026 (GLOBE NEWSWIRE) -- K Wave Media (NASDAQ: KWM), a publicly traded media and entertainment company with a Bitcoin treasury, today announced the successful closing of its first acquisition since its Nasdaq listing in 2025. K Wave Media’s acquisition of Rabbit Walk, a leading visual effects, AI powered advertising, and 3D content studio, strengthens K Wave Media’s creative portfolio, broadens its global content distribution reach, and reinforces financial discipli ...

Core Insights - Nordson Corporation (NDSN) is positioned to benefit from its operational excellence, diversified business structure, and strategic acquisitions, focusing on growth opportunities to strengthen its market position [1] Business Performance - The company is experiencing a strong recovery in its Medical and Fluid Solutions segment, with organic sales increasing by 7.4% year over year in the fourth quarter of fiscal 2025 [2][8] - Demand for medical interventional products and fluid components is driving performance in the Medical segment, while the Advanced Technology Solutions segment benefits from healthy demand in electronic processing and optical sensors [3] Acquisition Impact - Nordson's acquisition of Atrion Corp in August 2024 has expanded its medical offerings, contributing to a 6% increase in total revenues for fiscal 2025 [4] Stock Performance - Over the past year, NDSN shares have increased by 14.8%, outperforming the industry growth of 7.3% [6] Shareholder Returns - The company is committed to enhancing shareholder value, having paid out $179.1 million in dividends (up 11% year over year) and repurchased $306.4 million in treasury shares in fiscal 2025 [6][9] - In August 2025, Nordson raised its dividend by 5% to 82 cents per share [9] Earnings Estimates - The Zacks Consensus Estimate for Nordson's fiscal 2026 earnings has risen from $10.94 to $11.19, with four upward revisions and no downward revisions [9]

Core Viewpoint - Patrick Industries, Inc. has completed the acquisitions of Quality Engineered Services (QES) and Egis Group, LLC, enhancing its capabilities in the marine and RV industries [1][3]. Group 1: Acquisitions - The acquisitions of QES and Egis are aimed at expanding Patrick's offerings in engineered electrical components and system-level solutions for marine and specialty vehicle applications [1][3]. - QES manufactures wire harnesses and electrical systems, while Egis develops engineered electrical components such as terminal blocks and circuit breakers [1][2]. Group 2: Financial Impact - The combined revenue for QES and Egis for the trailing 12 months through November 2025 was approximately $39 million [2]. Group 3: Strategic Goals - The acquisitions align with Patrick's long-term strategy to provide innovative component solutions for OEMs in the Outdoor Enthusiast space and the aftermarket [3]. - QES's strategic location near major pontoon and RV OEMs and Egis's engineering talent will enhance Patrick's service offerings and operational capabilities [3]. Group 4: Company Overview - Patrick Industries is a leading component solutions provider serving the RV, Marine, Powersports, and Housing markets, with a commitment to quality and customer service [4]. - The company employs approximately 10,000 skilled team members across the United States and operates more than 85 leading brands [4].

Core Viewpoint - The acquisition of KOROYD by Mips is presented as a strategic merger that enhances the strengths of both companies, emphasizing a strong cultural fit and complementary business models [2][3]. Group 1: Acquisition Logic - The acquisition aligns with Mips' strategy, which is built on three pillars, and it strengthens two of these pillars significantly [3]. - Mips aims to grow its existing business in rotation protection solutions, particularly in helmets for sports and safety categories, which is a primary focus of the acquisition [4].

Core Viewpoint - Star Group, L.P. reported a mixed performance in its fourth quarter and fiscal 2025 results, showing solid volume gains and improved profitability despite challenges from customer attrition and acquisition-related costs [1][2][3][4]. Earnings & Revenue Performance - Fiscal fourth-quarter revenues increased by 3.1% year over year to $247.7 million, primarily driven by higher installations and services revenues [2]. - The net loss narrowed to $28.7 million from a $35.1 million loss a year earlier, with a fourth-quarter loss of 84 cents per limited partner unit, improving from a $1 loss per unit in the prior-year quarter [3]. - For fiscal 2025, total revenues rose approximately 1% to $1.8 billion, while net income more than doubled to $73.5 million from $35.2 million in fiscal 2024 [4]. Key Business Metrics - Home heating oil and propane volume increased by 8.1% year over year to 20 million gallons in the fourth quarter, with a total volume increase of 11.5% to 282.6 million gallons for the year [5]. - Quarterly product gross profit rose by 6% to $45 million, and full-year product gross profit increased by $57 million, or 12% [6]. Expense Analysis - Operating expenses grew due to acquisition-related costs, higher depreciation and amortization, and weather hedge impacts, with fourth-quarter operating expenses increasing by $5 million [7]. - Full-year delivery, branch, and G&A expenses rose by $36.6 million, including a $10.6 million change in weather hedge expenses and $23 million of acquisition-related costs [7]. Management Commentary - Management highlighted disciplined cost controls, successful integration of acquisitions, and continued investment in installations and services as key drivers of improved profitability [8]. - Internal customer satisfaction indicators are improving, although fewer customer additions due to lower real estate activity remain a challenge [9]. Factors Influencing Performance - Acquisitions and colder weather were central to Star Group's stronger annual performance, with a 29-million-gallon increase in home heating oil and propane volume in fiscal 2025 [10]. - Weather hedge outcomes had a significant year-over-year impact, with hedge expenses of $3.1 million in fiscal 2025 compared to a $7.5 million credit in fiscal 2024 [11]. Other Developments - Star Group completed four acquisitions in fiscal 2025, adding nearly 12 million gallons of annual heating oil and propane volume, part of an ongoing consolidation strategy [12]. - The company invested approximately $81 million in acquisitions, repurchased $16 million in units, and paid out $26 million in distributions, aimed at long-term value creation [12]. Overall Assessment - Star Group achieved meaningful operational progress supported by acquisitions, improved margins, and strong cost discipline, despite challenges in customer gains and regulatory uncertainty heading into fiscal 2026 [13].

Core Insights - Devon Energy has significantly expanded through a series of acquisitions over the past five years, resulting in substantial returns for investors [1][9] Performance Analysis - Over the past five years, Devon Energy's stock has increased by 124%, outperforming the S&P 500's 85% gain [3] - The total return, including reinvested dividends, for Devon Energy over five years is 190.6%, compared to the S&P 500's 85.7% [3] - In the last year, Devon Energy's stock price increased by 7.1%, while the S&P 500 rose by 12.8% [3] Acquisition Strategy - Devon Energy's acquisition strategy has been a key driver of its performance, including a $12 billion merger with WPX Energy in late 2020 [6][7] - Subsequent acquisitions include RimRock Oil and Gas for $865 million, Validus Energy for $1.6 billion, and Grayson Mill Energy for $5 billion, enhancing its production capabilities [7][8] - The company has increased its quarterly dividend from $0.11 per share in 2020 to $0.24 per share currently, alongside $8.66 per share in variable dividends over five years [8] Financial Metrics - Devon Energy's current market capitalization is $24 billion, with a gross margin of 23.20% and a dividend yield of 2.51% [6] - The company has repurchased $4.1 billion of its $5 billion share repurchase authorization [8]

Core Insights - Marsh & McLennan Companies, Inc. (MMC) has acquired three privately held insurance brokerages in Honolulu, Hawai'i, enhancing its local market presence and expertise [1][2][8] - The acquired firms, Atlas Insurance Agency, Pyramid Insurance Centre, and IC International, have established a strong market presence in Hawai'i, specializing in various sectors including municipalities, transportation, and hospitality [2][8] - The acquisition is expected to broaden MMA's offerings and client base, ultimately driving performance in the Risk and Insurance Services segment, which accounted for approximately 65% of MMC's overall revenue in the first nine months of 2025 [4][8] Acquisition Strategy - MMA's acquisition strategy is part of a broader initiative across Marsh & McLennan's Risk and Insurance Services and Consulting segments, aimed at expanding product offerings and market reach [6] - In 2024, Marsh & McLennan spent $8.5 billion on acquisitions and has continued this strategy in 2025, investing $224 million in buyouts during the first nine months [6] Market Performance - Marsh & McLennan's shares have increased by 3.9% over the past month, slightly outperforming the industry growth of 3.8% [7]

Core Viewpoint - Kisses From Italy Inc. is undergoing a strategic repositioning with the appointment of J. Zimbler as Interim Management Advisor and President, focusing on rebranding and exploring acquisition opportunities in the wellness sector, particularly in med spa and aesthetic wellness clinics [1][2]. Company Overview - Kisses From Italy Inc. is a publicly listed company operating as a restaurant chain developer, franchisor, and product distributor in the United States, Canada, and Europe [1][2]. Management Changes - J. Zimbler has been appointed as Interim Management Advisor and President, with responsibilities including restructuring the balance sheet, recruiting new management, and seeking acquisitions in the wellness space [2]. Strategic Focus - The company is looking to partner and launch a men's health franchise opportunity as part of its new strategic direction [2].