The Zacks Wireless Equipment industry is poised to benefit from healthy demand trends driven by a fast-track 5G deployment and transition to cloud and fiber network infrastructure upgrades. However, large-scale investments for seamless 5G evolution, margin erosion due to price wars, higher customer inventory levels, inflated raw material costs due to macroeconomic challenges, geopolitical conflicts and uncertain business conditions stemming from tariff wars might erode profitability. Nevertheless, Ubiquiti ...

Shashank Joshi, our defence editor, examines the blind spots of the intelligence services https://t.co/3SaKiDsXoE ...

Financial Data and Key Metrics Changes - Total reported revenue for the quarter was $1,219 million, with a net loss attributable to common shareholders of $49 million or $0.13 per share, which included a $28 million impairment related to drilling operations in Colombia [21] - Adjusted EBITDA for the quarter totaled $231 million, and the company generated $70 million of adjusted free cash flow in the first half of the year [21][22] - The company closed the quarter with $186 million in cash and an undrawn $500 million revolving credit facility, with expectations for free cash flow in the second half of the year to significantly exceed dividends [14][29] Business Line Data and Key Metrics Changes - In the Drilling Services segment, revenue was $404 million with an adjusted gross profit of $149 million, operating an average of 104 rigs [23] - Completion Services segment revenue totaled $719 million with an adjusted gross profit of $100 million, despite some calendar gaps in dedicated fleets [24] - Drilling Products segment revenue was $88 million with an adjusted gross profit of $39 million, showing improvements in both U.S. and international markets [25] Market Data and Key Metrics Changes - The U.S. market saw revenue improve compared to the prior quarter, delivering a record U.S. revenue per industry rig, while international revenue remained steady with increases in key markets like the Middle East [18] - Canadian markets performed well despite seasonal impacts, with significant traction for the Maverick drill bit in the market [19] - The company expects an average rig count in the mid-90s for the third quarter, with potential stabilization in the fourth quarter [24][65] Company Strategy and Development Direction - The company is focused on leveraging its differentiated commercial strategy, operational footprint, and growing technology portfolio to create long-term value for shareholders [11][12] - Investments in digital technology and automation are expected to enhance operational efficiency and customer relationships, positioning the company as a leader in the oilfield services market [12][35] - The strategic vision post-merger includes deeper integration and automation, aiming to deliver value beyond capital equipment [13] Management's Comments on Operating Environment and Future Outlook - Management noted that macroeconomic conditions remain unsettled, with oil prices stabilizing in the mid-sixties, which is encouraging for future drilling activity [7][8] - There are expectations for increased natural gas activity as LNG facilities come online, with a positive long-term outlook for U.S. LNG volumes [10][34] - The company remains optimistic about the future, believing that investments made in technology and digital services will yield significant benefits [35] Other Important Information - The company returned $46 million to shareholders during the quarter, including dividends and share repurchases, and has reduced its share count by 8% since the merger [22] - Capital expenditures for the second quarter were $144 million, with expectations for less than $600 million in total capital expenditures for 2025 [27][28] - The company is exploring ways to best utilize cash to create long-term value for shareholders [29] Q&A Session Summary Question: What is the outlook for completion activity in Q4? - Management indicated that while there may be some moderation in Q4, it is too early to predict a steep decline, and they are encouraged by the current activity levels [41][42] Question: Can you provide more details on the third quarter outlook for completion services? - Management stated that completion activity is expected to remain steady, with no significant commentary on specific basins at this time [50] Question: What are the expectations for gas-directed activity in 2026? - Management anticipates an increase in gas activity next year based on discussions with customers and the demand for LNG volumes [57][58] Question: How is the pricing dynamic for low-emission gas-burning assets? - Management noted that their Emerald fleet, which burns 100% natural gas, is in high demand and continues to command premium pricing [67][68] Question: What is the company's strategy regarding technology investments and potential M&A? - Management emphasized ongoing investments in digital platforms and automation, with potential for future acquisitions to enhance technology offerings [52][53]

and make official. Start your will at trusted will and make it count. >> The US and the EU scrambling to strike a trade deal ahead of next week's August 1st deadline.FTX did report yesterday that a potential deal would impose 15% tariffs on European imports, similar to the Japan number that we got this week. Joining us this morning, Commerce Secretary Howard Lutnick. Mr.. Secretary, great to have you. I know you've been busy streets hungry for an update on the EU. What can you tell us.>> Well, the EU really ...

Second Quarter 2025 Financial Results Investor Presentation July 24, 2025 Group 1 Automotive 2025 Forward looking statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which are statements related to future, not past, events and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. In this context, the forward-looking statements often include statements re ...

Union Pacific (UNP) Q2 2025 Earnings Call July 24, 2025 08:45 AM ET Speaker0Greetings, and welcome to the Union Pacific Second Quarter twenty twenty five Earnings Call. At this time, all participants are in listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded and the slides for today's presentation are available on Union Pacific's website. It It's now my pleasure to introduce your host, Mr.Jim Vena, Chief Executive Office ...

Collaboration signifies a groundbreaking approach to client service, embedding Goosehead Insurance's offerings directly into the homebuying journeyWESTLAKE, Texas and CHICAGO, July 24, 2025 (GLOBE NEWSWIRE) -- Goosehead Insurance, Inc., (NASDAQ: GSHD), a rapidly growing and innovative independent personal lines insurance agency, has formed a strategic franchise partnership with Baird & Warner Real Estate, one of the largest privately held real estate companies in the United States and the leading independen ...

Ria will add 17 Kyodai-owned stores, agents and mobile app in Japan to its global footprint, enabling people to send money from a vast country-wide network of more than 44,000 ATMs in Japan Post Bank and Lawson Bank locationsBUENA PARK, Calif., July 24, 2025 (GLOBE NEWSWIRE) -- Ria Money Transfer (Ria), a global leader in the cross-border money transfer industry and a business segment of Euronet (NASDAQ: EEFT), today announced that it has become the majority shareholder through the acquisition of 60% of the ...

Press releaseBrussels, 24 July 2025 Regulated information – Inside information Orange Belgium announces a new Management Services Agreement with Orange SA Orange Belgium’s previous Strategic Partnership Agreement (“SPA”) with Orange SA expired on December 31, 2024. Under such previous SPA, a fixed management fee of EUR 5 million was charged by Orange SA to Orange Belgium in return for (1) access to the Orange Group sourcing programme, (2) specific know-how available within Orange SA and (3) access to Orange ...

Block (formerly Square Inc.) officially joined the S&P 500 index on Wednesday and announced a pilot for Bitcoin payment services. https://t.co/VMzOhn9nCt ...