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City View Announces Spin-Out of Cannibis Assets to Existing Shareholders
Newsfile· 2025-05-15 10:30
Toronto, Ontario--(Newsfile Corp. - May 15, 2025) - City View Green Holdings Inc. (CSE: CVGR) (OTC Pink: CVGRF) (FSE: CVY) (the "Company" or "City View") is pleased to announce the execution of a definitive arrangement agreement (the "Arrangement Agreement") with City View's subsidiary, 2590672 Ontario Inc. ("259 OnCo") in respect of the spin-out of its cannabis assets (the "Assets"), to its shareholders by way of a share capital reorganization effected through a statutory plan of arrangement (the "Arrange ...
Energy Transfer Has Lots of Fuel to Continue Growing Its 7.3%-Yielding Dividend
The Motley Fool· 2025-05-15 07:45
Energy Transfer (ET 0.83%) pays a prodigious cash distribution to its investors. The master limited partnership's (MLP) payout is currently around 7.3%. That's several times higher than the S&P 500's dividend yield. Energy Transfer's current backlog of under-construction expansion projects will enter commercial service by the end of next year. However, that doesn't mean its growth engine is running low. The company is already working toward securing the next phase of its growth. Long noted on the call that ...
24Social Introduces Tools to Drive Organic Engagement on Social Media Platforms Like Facebook and TikTok
Newsfile· 2025-05-15 07:05
24Social Introduces Tools to Drive Organic Engagement on Social Media Platforms Like Facebook and TikTok24Social, a leader in ethical social media engagement, launches tools to boost organic growth and visibility on platforms like Facebook and TikTok. These tools help businesses drive real interactions, follow platform guidelines, and avoid fake engagement or misleading tactics for sustainable digital success.May 15, 2025 3:06 AM EDT | Source: PlentisoftBangkok, Thailand--(Newsfile Corp. - May ...
NV5 Global (NVEE) M&A Announcement Transcript
2025-05-15 01:00
NV5 Global (NVEE) M&A Announcement May 14, 2025 08:00 PM ET Speaker0 and welcome to the Akron Corporation First Quarter Earnings and Merger Announcement Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Dan Scott, Investor Relations with ICR. Thank you. You may begin. Speaker1 Operator, good morning, everyone, and thank you for joini ...
Navitas Semiconductor Appoints Cristiano Amoruso to Board of Directors
Globenewswire· 2025-05-14 20:15
Core Insights - Navitas Semiconductor has appointed Cristiano Amoruso to its board of directors, effective immediately, which is seen as a strategic move to enhance corporate governance and accelerate profitability [1][3] - Amoruso has a strong background in the technology and renewable energy sectors, having previously served as CEO of Suniva, Inc. and as a partner at Lion Point Capital, L.P. [2] - The company aims to leverage Amoruso's experience to capture significant market opportunities in the gallium nitride (GaN) and silicon carbide (SiC) sectors, particularly in power-intensive applications [3] Company Overview - Navitas Semiconductor is a pure-play, next-generation power semiconductor company, founded in 2014, specializing in GaN and SiC technologies [6] - The company offers GaNFast™ power ICs and GeneSiC™ power devices, focusing on markets such as data centers, electric vehicles, solar energy, and energy storage [6] - Navitas holds over 300 patents and was the first semiconductor company to achieve CarbonNeutral® certification [6]
Avino Silver & Gold Mines .(ASM) - 2025 Q1 - Earnings Call Transcript
2025-05-14 16:02
Avino Silver & Gold Mines Ltd (ASM) Q1 2025 Earnings Call May 14, 2025 11:00 AM ET Company Participants Jennifer North - Head of Investor Relations and Corporate CommunicationsDavid Wolfin - Director, President & CEONathan Harte - Chief Financial OfficerJake Sekelsky - Managing Director and Head of Metals & Mining ResearchJoseph Reagor - Managing DirectorHeiko Ihle - MD & Equity ResearchPeter Latta - Vice President of Technical Services Conference Call Participants Matthew O'Keefe - AnalystNone - Analyst Op ...
Avino Silver & Gold Mines .(ASM) - 2025 Q1 - Earnings Call Transcript
2025-05-14 16:00
Avino Silver & Gold Mines Ltd (ASM) Q1 2025 Earnings Call May 14, 2025 11:00 AM ET Speaker0 and welcome to the Avino Silver and Gold Mines First Quarter twenty twenty five Financial Results Conference Call and Webcast. As a reminder, all participants are in a listen only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. I would now like to turn the conference over to Jennifer North, Head of Investor Relations. Ma'am, please go ahead. Speaker1 T ...
TWFG, Inc.(TWFG) - 2025 Q1 - Earnings Call Transcript
2025-05-14 14:02
TWFG (TWFG) Q1 2025 Earnings Call May 14, 2025 09:00 AM ET Company Participants Richard Bunch - Chairman, CEO & DirectorJanice Zwinggi - Chief Financial OfficerPablo Singzon - Executive DirectorTommy McJoynt - Director - Equity Research Conference Call Participants Paul Newsome - MD & Senior Research AnalystBrian Meredith - AnalystMichael Zaremski - Managing Director & Senior Equity Research Analyst Operator Good day, ladies and gentlemen. Welcome to the TWFG First Quarter twenty twenty five Earnings Confer ...
TWFG, Inc.(TWFG) - 2025 Q1 - Earnings Call Transcript
2025-05-14 14:02
TWFG (TWFG) Q1 2025 Earnings Call May 14, 2025 09:00 AM ET Company Participants Richard Bunch - Chairman, CEO & DirectorJanice Zwinggi - Chief Financial OfficerPablo Singzon - Executive DirectorTommy McJoynt - Director - Equity Research Conference Call Participants Paul Newsome - MD & Senior Research AnalystBrian Meredith - AnalystMichael Zaremski - Managing Director & Senior Equity Research Analyst Operator Good day, ladies and gentlemen. Welcome to the TWFG First Quarter twenty twenty five Earnings Confer ...
TWFG, Inc.(TWFG) - 2025 Q1 - Earnings Call Transcript
2025-05-14 14:00
Financial Data and Key Metrics Changes - Total revenue grew by 16.6% to $53.8 million, with organic revenue growth of 14.3% [4][13] - Adjusted EBITDA increased by 35.3% year over year to $12.2 million, with adjusted EBITDA margin expanding to 22.6% from 19.5% [16] - Net income for the quarter was $6.9 million, up 3.4% year over year, while adjusted net income rose 14.3% to $9.2 million [16] Business Line Data and Key Metrics Changes - Total written premiums rose by 15.5% to $371 million, with insurance services growing by 14.7% and TWFG MGA increasing by 20.1% [10][12] - New business growth was 26% or $18.4 million, while renewal business growth was 12.5% or $31.3 million [11] - The retention rate for written premiums decreased to 88% from 94% in the prior year period [12] Market Data and Key Metrics Changes - The personal lines market is softening, with stable carrier capacity in most regions [6] - The private passenger auto market has normalized, with expectations of moderate rate increases in 2025 [7] - Retention rates have normalized to the historic average of 88% as markets open up for growth [7] Company Strategy and Development Direction - The company is focused on expanding its national footprint, investing in agent success, and maintaining operational efficiency [19] - TWFG has a robust M&A pipeline and plans to continue investing in growth opportunities [19] - The company is adjusting its 2025 guidance upward, expecting organic revenue growth of 12% to 16% and total revenues between $240 million and $255 million [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating macroeconomic uncertainties and highlighted increased demand for insurance options [18] - The company is well-positioned to support clients through economic transitions, emphasizing the value of a trusted local adviser [18] - Future public company expenses are anticipated as the company complies with long-term obligations [21] Other Important Information - The company added 17 new branch locations during the quarter and completed two corporate acquisitions [5] - Interest income has been moved from the revenue line to other income for better comparability [9] Q&A Session Summary Question: Are the first quarter expenses fully loaded for public company costs? - Management indicated that future public company expenses will arise as compliance requirements evolve [21] Question: What gives comfort that retention has bottomed out? - Management noted that the 88% retention rate aligns with their long-term average and is supported by market conditions [24] Question: How are commission rates characterized in the quarter? - Management described commission rates as stabilizing, with potential upward skew due to new business incentives [31] Question: Was the 17 branch additions a gross or net number? - Management confirmed that the 17 additions were gross and higher than pre-disruption averages [35] Question: Is there a specific revenue or EBITDA contribution from acquisitions in the guidance? - Management stated that the guidance reflects the original analyst model, with confidence in achieving projected results from acquisitions [36] Question: Why does TWFG's agent onboarding take longer compared to others? - Management explained that agents often come from captive relationships and face non-compete clauses, requiring time to build a client base [44] Question: How significant is the addition of GEICO to the portfolio? - Management emphasized that GEICO provides favorable pricing and commission rates, enhancing retention and stability in the market [50] Question: What is the outlook for the Texas homeowners market? - Management expects favorable conditions in Texas, with improved capacity and economic conditions [70]