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CARBIOS files its 2024 Universal Registration Document
Globenewswire· 2025-05-02 16:00
Clermont-Ferrand (France), May 2, 2025 (6:00 pm CEST). CARBIOS, (Euronext Growth Paris: ALCRB), a pioneer in the development and industrialization of biological technologies to reinvent the life cycle of plastic and textiles, announces to its shareholders and the financial community that its 2024 Universal Registration Document including the annual report, the management report and the report on corporate governance was filed with the French Financial Market Authority (Autorité des marchés financiers) on Ap ...
Unifi(UFI) - 2025 Q3 - Earnings Call Transcript
2025-05-01 14:02
Financial Data and Key Metrics Changes - Consolidated net sales for Q3 2025 were $146.6 million, down 2% year-over-year, primarily due to lower sales volumes in the Asia segment and unfavorable foreign currency impacts [17][25] - Gross margin in the Americas segment declined by 350 basis points, driven by inflationary pressures and transition costs related to the manufacturing footprint reduction [25][26] - The company anticipates significant savings of $20 million from the consolidation of manufacturing activities across North and Central America, expected to fully materialize in calendar 2026 [27][30] Business Line Data and Key Metrics Changes - In the Americas segment, net sales increased by 3% compared to the prior year, driven by sales growth initiatives and improved market conditions [25][26] - The Asia segment experienced a 12% decline in net sales, attributed to macroeconomic pressures and a less favorable sales mix [26][27] - REPREVE represented 31% of sales during the quarter, remaining stable compared to the previous year despite macroeconomic challenges in China [18][19] Market Data and Key Metrics Changes - Demand in North America is improving, particularly in Central America, where over 50% of business has been reprieved, indicating positive future prospects [6][7] - The Brazil segment continues to perform well due to a stable market for textured polyester, despite pricing pressures from imports [17][26] - The company is monitoring the tariff environment closely, with expectations of a potential 10% to 15% revenue decline in Asia if current tariffs remain in place [42][45] Company Strategy and Development Direction - The company is focused on rationalizing assets and improving profitability, including the closure of the Madison facility and the sale of the facility for $53.2 million to enhance the balance sheet [13][14] - Innovation remains a key focus, with traction in military wear and carpet products expected to drive revenue growth in the new fiscal year [9][10] - The company aims to leverage its asset-light model in Asia while exploring opportunities in markets beyond apparel, such as automotive and packaging [50][81] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about returning to growth and solid economics in the new fiscal year, driven by ongoing initiatives and improved capacity utilization [11][14] - The global tariff situation remains fluid, but management believes it could lead to a net neutral to positive impact on the business over the next few years [17][42] - The company expects to generate positive free cash flow and improve investment opportunities as restructuring efforts yield results [30][32] Other Important Information - The company received several accolades for its sustainability efforts, including recognition from Fast Company and Newsweek, highlighting its commitment to innovation and circularity [21][22] - The Madison facility's closure is expected to be completed by mid-June, with no anticipated loss in revenues or disruptions in customer service [14][27] Q&A Session Summary Question: FX impact in Brazil - The foreign exchange headwind for the Brazil segment was approximately $4 million for the quarter and $11 million for the nine months [46] Question: Margins in Beyond Apparel markets - Margins for military wear and carpet products are at least twice as good as the base business [37][39] Question: Impact of de minimis rule exemption - The overall impact of de minimis and tariffs could lead to a downturn in business in Asia by 10% to 15% [42][45] Question: Cost savings from facility consolidation - Some cost savings are expected to materialize in the first quarter of fiscal 2026, but full run rate savings will not be realized until later in the calendar year [47][48] Question: Profitability disclosure for REPREVE - REPREVE is a material component of the Asia segment, accounting for over 80% of overall Asia segment sales [64][66] Question: Future asset sales - Currently, there are no other assets slated for sale, but the company continues to evaluate its balance sheet for additional opportunities [81]
Norsk Hydro: Strong upstream results, navigating global trade uncertainty
Globenewswire· 2025-04-29 05:00
Financial Performance - Hydro's adjusted EBITDA for Q1 2025 was NOK 9,516 million, a significant increase from NOK 5,411 million in the same quarter last year, driven by higher alumina and aluminium prices, along with positive currency effects [1][17] - The net income for Q1 2025 amounted to NOK 5,861 million, which included a NOK 1,324 million unrealized derivative gain and impairment charges of NOK 282 million [18] - Adjusted EBITDA for Bauxite & Alumina rose from NOK 804 million to NOK 5,135 million, primarily due to higher alumina prices and lower raw material costs [12] - Adjusted EBITDA for Aluminium Metal increased from NOK 1,965 million to NOK 2,546 million, supported by higher all-in metal prices and lower carbon and energy costs [14] Market Dynamics - Global primary aluminium consumption increased by 1.5 percent year-over-year in Q1 2025, with a 1.7 percent rise in demand outside China [4][14] - The automotive sector faced challenges with lower light vehicle production in Europe, impacting aluminium demand, although this was somewhat offset by increased production of electric vehicles [4][16] - The U.S. trade policy has expanded Section 232 tariffs, but Hydro's exposure to aluminium tariffs is limited due to domestic sourcing and pass-through pricing [3][4] Strategic Initiatives - Hydro is revising down its 2025 annual adjusted EBITDA outlook due to uncertain markets, with estimates ranging from NOK 3.5 billion to NOK 4.5 billion [5] - The company is implementing firm measures to optimize its portfolio and cut costs, including restructuring efforts and the closure of certain facilities [5][6] - Hydro is investing NOK 1.65 billion in a new wire rod casthouse at its Karmøy smelter, expected to begin production in 2028, alongside a long-term offtake agreement with NKT valued at approximately EUR 1 billion [10][11] Recycling and Sustainability - Hydro is committed to cutting hot metal costs by USD 20–30 per tonne by 2030 in its recycling segment, with one-third of the targeted reductions expected to be realized in 2025 [8] - A new EUR 180 million recycling plant is under construction in Torija, Spain, which will enhance the company's capacity to recycle post-consumer scrap [8] - Hydro is accelerating the commercialization of low-carbon and recycled aluminium, collaborating with customers to integrate these materials into their products [9]
JCDecaux wins the contract for city information panels and associated services in the City of Rennes
Globenewswire· 2025-04-14 15:40
JCDecaux wins the contract for city information panels and associated services in the City of Rennes Paris, April 14th, 2025 – JCDecaux SE (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announces that, following a competitive tender by the City of Rennes (France), it has been awarded the contract for the provision, maintenance and operation of city information panels (CIPs) and associated services in Rennes (population: 227,000) for a 9-year period. This contract includes the r ...
Quest Resource Holding Corporation Finalizes Sale of Non-Core Portion of RWS Business
Newsfilter· 2025-04-04 20:00
Core Insights - Quest Resource Holding Corporation has successfully sold a non-core segment of its business, specifically the tenant-direct portion of the RWS commercial property management business, to Lincoln Waste Solutions for approximately $5 million in cash at closing, with potential additional payments based on future performance [2][3]. Financial Impact - The sale is expected to enhance the company's focus on its core portfolio, which is anticipated to yield greater growth and financial returns. It also eliminates a segment that contributed to inconsistent financial performance without generating profits [2][4]. - The total consideration for the sale includes a cash payment of $5 million, with additional amounts not exceeding $6.5 million based on future performance, along with a one-time payment related to acquired accounts receivable [3]. Strategic Focus - The transaction aligns with the company's initiatives aimed at increasing profitability, improving operational efficiencies, and generating more consistent financial results. The company plans to utilize the cash from the sale to pay down debt [4]. - The CEO of Lincoln Waste Solutions expressed confidence in managing the newly acquired clients, highlighting their tailored strategies and extensive experience in the waste management sector [5][7]. Company Overview - Quest Resource Holding Corporation is a national provider of waste and recycling services, focusing on helping larger businesses meet their environmental and sustainability goals. The company offers expertise across various industry sectors to create client-specific solutions that yield measurable business and sustainability outcomes [6]. - Lincoln Waste Solutions, part of Reconomy, specializes in full-service waste and recycling management solutions, serving multi-location businesses across the U.S., Canada, and Puerto Rico, with a focus on maximizing cost savings and enhancing recycling rates [7][8].
Cerro de Pasco Resources Receives Final Approval to List on the TSX Venture Exchange
Globenewswire· 2025-03-12 12:00
Core Points - Cerro de Pasco Resources Inc. has received final approval from TSX Venture Exchange for the listing of its common shares effective March 13, 2025, with trading commencing on March 14, 2025 [1] - The company will delist its shares from the Canadian Securities Exchange, with the last trading day on the CSE also being March 14, 2025 [1] - The common shares will continue to trade on the United States OTCQB and the Frankfurt Stock Exchange under their respective symbols [2] Budgeted Work Program of the Metalurgista Project - The company has initiated a two-phase work program on the El Metalurgista concession, with a total budget of $1,024,500 for both phases as per the 2021 Technical Report [3][4] - Due to inflationary pressures and the addition of geophysical and environmental programs, the Phase 1 budget has been updated to $1,607,359, with $620,000 yet to be expended [5] - Phase 2 metallurgical testwork will depend on the outcomes of Phase 1, focusing on the evaluation of potential re-processing of historical Quiulacocha tailings [6] Company Overview - Cerro de Pasco Resources is focused on the development of its 100% owned El Metalurgista mining concession, which consists of silver-rich mineral tailings and stockpiles from over a century of operations at the Cerro de Pasco open pit mine in Central Peru [8] - The company's approach includes reprocessing and environmental remediation of mining waste, contributing to a circular economy [8]
AMCOR AND BERRY GLOBAL RECEIVE US ANTITRUST CLEARANCE FOR COMBINATION; ON TRACK FOR CLOSING IN MID CALENDAR YEAR 2025
Prnewswire· 2025-03-11 10:45
Core Viewpoint - Amcor plc and Berry Global Group, Inc. have received U.S. antitrust clearance for their proposed combination, with expectations to close the transaction in mid-calendar year 2025 [1][2][3] Group 1: Regulatory Approvals - The expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act satisfies a closing condition for the merger [1] - Additional regulatory approvals have been received from authorities in China and Brazil, indicating progress in the approval process [2] Group 2: Company Profiles - Amcor is a global leader in responsible packaging solutions, generating $13.6 billion in annual sales with operations in 40 countries and a workforce of 41,000 [4] - Berry Global is also a leader in innovative packaging solutions, employing over 34,000 people across more than 200 locations, focusing on sustainability and the circular economy [5]