MONTREAL, May 06, 2025 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08), a technology company developing next-generation processes for advanced material manufacturing announces that, further to its press releases dated April 30 and May 2, 2025, the Corporation filed its formal response on May 5, 2025, to the clarification requests issued by the Autorité des marchés financiers (AMF). This submission is expected to satisfy the AMF’s outstanding requirements an ...

Core Viewpoint - HPQ Silicon Inc. has filed its audited annual financial statements and related documents for the fiscal year ended December 31, 2024, and is now focusing on addressing inquiries from the Quebec regulatory authority to lift a temporary trading halt [1][2]. Group 1: Company Developments - The Required Filing was completed in French to comply with the regulations of Quebec's L'Autorité des Marchés Financiers (AMF), with an English version to follow [2]. - The company confirms that there are no ongoing legal proceedings against it and that all material information has been disclosed [3]. Group 2: Company Overview - HPQ Silicon Inc. is a Quebec-based Tier 1 Industrial Issuer on the TSX Venture Exchange, focusing on developing green processes for critical materials to achieve net zero emissions [4]. - The company collaborates with technology partners PyroGenesis Canada Inc. and NOVACIUM SAS to advance its initiatives [4]. Group 3: Strategic Pillars - HPQ aims to become a low-cost manufacturer of Fumed Silica using its proprietary FUMED SILICA REACTOR technology [6]. - The company is working on producing silicon-based anode materials for battery applications with NOVACIUM SAS's assistance [6]. - An affiliate of HPQ, NOVACIUM SAS, is developing a low carbon, chemical-based hydrogen production system [6]. - Another initiative involves transforming black aluminum dross into a valuable resource [6]. - HPQ is also focused on becoming a zero CO2 producer of High Purity Silicon using its PUREVAP "Quartz Reduction Reactors" technology [6].

Core Points - Shell plc announced an interim dividend of US$ 0.358 per ordinary share for Q1 2025 [1] - Shareholders can choose to receive dividends in US dollars, euros, or pounds sterling [2] - The payment date for the dividend is set for June 23, 2025 [5] Dividend Details - The equivalent dividend payments in pounds sterling and euros will be announced on June 9, 2025 [3] - For American Depositary Shares (ADSs), the dividend will be US$ 0.716 per ADS, with each ADS representing two ordinary shares [4] - The ex-dividend date for ordinary shares is May 15, 2025, and for ADSs, it is May 16, 2025 [5] Dividend Timetable - Announcement date: May 2, 2025 [5] - Record date: May 16, 2025 [5] - Closing of currency election date: June 2, 2025 [5] Additional Information - Shareholders can participate in Dividend Reinvestment Plans (DRIPs) to reinvest dividends into purchasing more shares [8] - Tax treatment of dividends should be consulted with a tax advisor [7]

Core Insights - Shell reported strong financial results for Q1 2025, with adjusted earnings of $5.6 billion, reflecting robust performance across various business segments [5][3][11] - The company completed the acquisition of Pavilion Energy, enhancing its LNG business, and divested from the Nigeria onshore and Singapore Energy and Chemicals Park, optimizing its portfolio [1][5][4] - Shell announced a $3.5 billion share buyback program for the next three months, marking the 14th consecutive quarter of buybacks of at least $3 billion [2][5][6] Financial Performance - Adjusted Earnings for Q1 2025 were $5.6 billion, with adjusted EBITDA at $15.25 billion and cash flow from operations (CFFO) at $9.28 billion [3][5] - CFFO excluding working capital was $11.9 billion, with a working capital outflow of $2.7 billion [5][6] - The company maintained a resilient balance sheet with net debt of $41.5 billion and gearing of 19% [6][5] Segment Performance Integrated Gas - Adjusted earnings were $2.48 billion, with adjusted EBITDA of $4.74 billion [3] - LNG sales volumes increased to 16.5 million tonnes in Q1 2025, up from 15.5 million tonnes in Q4 2024 [8] Upstream - Adjusted earnings were $2.34 billion, with adjusted EBITDA of $7.39 billion [3] - Liquids production remained stable at 1,335 kboe/d, while gas production was slightly lower at 3,020 million scf/d [9] Marketing - Adjusted earnings were $0.9 billion, with marketing sales volumes at 2,674 kb/d [3][10] - Mobility sales volumes decreased to 1,964 kb/d, while lubricants sales increased to 87 kb/d [10] Chemicals & Products - Adjusted earnings were $0.45 billion, with refinery processing intake rising to 1,362 kb/d [3][14] - Global indicative refining margin improved to $6.2 per barrel [14] Renewables & Energy Solutions - Adjusted earnings were negative at $(0.042) billion, but external power sales remained stable at 76 TWh [3][15] - Renewables power generation capacity increased to 7.5 GW [15] Strategic Outlook - The company has a disciplined capital allocation strategy, with a cash capex outlook of $20-22 billion for 2025 [5] - Total shareholder distributions over the last four quarters accounted for 45% of CFFO, aligning with the target of 40-50% [5]

Financial Data and Key Metrics Changes - Net sales for Q1 2025 were $878 million, slightly down year over year, but outperforming the industry in light vehicle turbo sales, with gasoline applications growing by 6% [7][14] - Adjusted EBIT was $131 million, with an adjusted EBIT margin of 14.9%, up 170 basis points compared to Q1 2024 [8][14] - Adjusted free cash flow was $36 million, in line with expectations for the quarter [8][18] Business Line Data and Key Metrics Changes - Net sales decreased by $37 million year over year, down 4% on a reported basis and 2% on a constant currency basis, with strong growth in gasoline applications offset by diesel softness [16] - Commercial vehicle and aftermarket applications saw lower demand, contributing to the overall sales decline [16] Market Data and Key Metrics Changes - The company has a well-balanced sales split across geographies, with only 20% of sales in North America [9] - Foreign exchange impacts resulted in a $21 million or 2% sales decline, primarily due to a weaker euro [16] Company Strategy and Development Direction - The company aims to identify unmet customer needs and leverage innovation capabilities to develop differentiated solutions at scale [22] - There is a focus on strengthening leadership in the turbo industry while developing new zero-emission and turbo technologies [22] Management Comments on Operating Environment and Future Outlook - Management remains cautious about the impact of tariffs on demand forecasts but has not noticed any material impact so far [8][21] - The 2025 outlook remains unchanged, with net sales expected to be $3.4 billion and adjusted EBIT of $457 million [21] Other Important Information - The company repurchased $30 million of common stock and paid a $12 million quarterly dividend [11][20] - A significant milestone was reached with the first series production award from Hyundai for high-speed technologies [12][24] Q&A Session Summary Question: Comments on North America sales dynamics - Management noted that gasoline sales are ramping up, but there are offsets in commercial vehicle and aftermarket segments that were slightly down [26] Question: Opportunities in gasoline for 2026 and 2027 - Management sees significant opportunities in North America, particularly with carmakers pivoting to hybrids and range-extended electric vehicles [28] Question: Market share in China and EV trends - Management feels positive about market share in China, highlighting strong demand for differentiated technology from both traditional and new carmakers [30][32] Question: Guidance on euro assumptions - Management indicated that if the euro remains above 1.1, there would be favorable impacts on revenue and EBITDA, but guidance remains unchanged for now [33] Question: Exposure to North American tariffs - Management estimates around $60 million in tariffs could be passed through, emphasizing limited exposure from Europe due to regional manufacturing [34][35]

Financial Data and Key Metrics Changes - Net sales for Q1 2025 were $878 million, slightly down year over year, but outperforming the industry in light vehicle turbo sales, with gasoline applications growing by 6% [6][12] - Adjusted EBIT was $131 million, with an adjusted EBIT margin of 14.9%, up 170 basis points compared to Q1 2024 [7][12] - Adjusted free cash flow was $36 million, in line with expectations for the quarter [7][17] Business Line Data and Key Metrics Changes - Net sales decreased by $37 million year over year, down 4% on a reported basis and 2% on a constant currency basis, with strong growth in gasoline applications offset by diesel softness [14] - The company experienced lower demand for commercial vehicles and aftermarket applications [14] Market Data and Key Metrics Changes - The company has a well-balanced sales split across geographies, with only 20% of sales in North America [8] - Foreign exchange impacts resulted in a $21 million or 2% sales decline, primarily due to a weaker euro [14] Company Strategy and Development Direction - The company aims to identify unmet customer needs and leverage innovation capabilities to develop differentiated solutions at scale [21] - Garrett is strengthening its leadership position in the turbo industry while expanding into industrial applications and developing zero-emission technologies [21] Management's Comments on Operating Environment and Future Outlook - Management remains cautious about the impact of tariffs on demand forecasts but has not noticed any material impact so far [7][20] - The 2025 outlook remains unchanged, with net sales expected to be $3.4 billion and adjusted EBIT of $457 million [20] Other Important Information - The company repurchased $30 million of common stock and paid a $12 million quarterly dividend [9][19] - A significant milestone was reached with a series production award from Hyundai for high-speed technologies, targeting production in 2027 [10][23] Q&A Session Summary Question: Comments on North America sales dynamics - Management noted that gasoline sales are ramping up, driven by North America, but there are offsets in commercial vehicle and aftermarket segments [26] Question: Opportunities in gasoline for 2026 and 2027 - Significant opportunities are seen in North America, particularly with carmakers pivoting to hybrids and range-extended electric vehicles [28] Question: Market share in China and EV trends - Management feels positive about market share in China, with strong demand for both passenger and commercial vehicles, especially in hybrids [30][32] Question: Guidance on euro exchange rate impact - If the euro remains above 1.1, there would be favorable impacts on revenue and EBITDA, but guidance remains conservative due to macro uncertainties [34] Question: Exposure to North American tariffs - The company expects to pass through approximately $60 million in tariffs, with limited exposure due to regional manufacturing strategies [35][36]

Financial Highlights - Net sales for Q1 2025 were $878 million, a decrease of 4% from $915 million in Q1 2024, with a 2% decline on a constant currency basis [4][38] - Gross profit increased to $179 million, with a gross profit margin of 20.4%, compared to 18.8% in Q1 2024 [7][36] - Net income for Q1 2025 was $62 million, down from $66 million in Q1 2024, resulting in a net income margin of 7.1% [13][36] - Adjusted EBIT rose to $131 million, with an adjusted EBIT margin of 14.9%, compared to 13.2% in the prior year [15][36] - Adjusted EBITDA was $159 million, with an adjusted EBITDA margin of 18.1%, up from 16.5% in Q1 2024 [15][36] - Net cash provided by operating activities totaled $56 million, down from $84 million in Q1 2024 [14][36] - Adjusted free cash flow decreased to $36 million from $68 million in the previous year [16][36] Business Highlights - The company declared a cash dividend of $0.06 per share, payable on June 16, 2025 [2] - The company repurchased $30 million of common stock during the quarter, with a remaining repurchase capacity of $220 million [18] - The company secured new business in turbocharging, particularly in plug-in hybrid and range-extended electric platforms [3][4] - A significant milestone was achieved with the first major series production award for high-speed electric traction motors, expected to start production in 2027 [3][4] Liquidity and Capital Resources - As of March 31, 2025, the company had $760 million in available liquidity, including $130 million in cash and cash equivalents [17] - Total principal amount of debt outstanding was $1,494 million, slightly up from $1,493 million at the end of 2024 [18] Full Year 2025 Outlook - The company expects net sales for 2025 to be between $3.3 billion and $3.5 billion, with a constant currency growth forecast of -3% to +2% [21][44] - Projected net income for 2025 is between $209 million and $254 million [21][45] - Adjusted EBITDA is expected to range from $545 million to $605 million for the full year [21][45]

MONTREAL, April 30, 2025 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08), a technology company developing next-generation processes for advanced material manufacturing announces that the filing of its audited annual financial statements, management's discussion and analysis and related CEO and CFO certifications for the financial year ended December 31, 2024 (the "Required Filings"), will be delayed beyond the filing deadline of April 30, 2025, and as a res ...

Disclosure Regarding Forward-Looking Statements This presentation may contain statements that are forward looking. These statements are based on current expectations and assumptions that are subject to risks and uncertainties, which may cause actual results to differ materially. A summary of risks and uncertainties is described in more detail in our periodic reports filed with the Securities and Exchange Commission (SEC). We undertake no duty to update or revise this presentation, whether as a result of new ...

Core Viewpoint - Garrett Motion Inc. is set to release its first quarter financial results on May 01, 2025, before the U.S. market opens [1] Financial Results Announcement - The financial results will be announced prior to market opening on May 01, 2025 [1] - A conference call will be held on the same day at 8:30 am EDT / 2:30 pm CET to discuss the results [2] Conference Call Details - Participants can join the conference call by dialing +1-877-883-0383 (U.S.) or +1-412-902-6506 (international) with passcode 2829687 [2] - The conference call will be webcast and include a slide presentation, accessible via the Investor Relations section of Garrett's website [3] - A replay of the conference call will be available through specific dialing options and access codes [3] Company Overview - Garrett Motion Inc. has a 70-year history in automotive technology, focusing on turbocharging and reducing engine size, fuel consumption, and CO2 emissions [4] - The company is developing technology solutions for Zero Emission Vehicles, including fuel cell compressors and electric propulsion systems [4] - Garrett operates five R&D centers, 13 manufacturing facilities, and employs over 9,000 people across more than 20 countries [4]