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Lindsay Corporation Announces New $150 Million Share Repurchase Program
Businesswire· 2025-11-05 11:45
OMAHA, Neb.--(BUSINESS WIRE)--Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, today announced that its Board of Directors has authorized a new share repurchase program of up to $150 million of the Company's outstanding common stock. "Lindsay has maintained a robust balance sheet and disciplined capital allocation priorities focused on delivering value to shareholders,†said Brian Ketcham, Senior Vice Presi. ...
Adtalem Accelerates $150 Million Share Repurchase Program
Businesswire· 2025-11-05 11:00
CHICAGO--(BUSINESS WIRE)--Company to actively deploy share repurchase authorization reflecting confidence in company's fundamental strength. ...
Trex outlines 2026 margin headwind and $50M share repurchase amid flat sales outlook (NYSE:TREX)
Seeking Alpha· 2025-11-05 01:07
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BRP Group, Inc.(BWIN) - 2025 Q3 - Earnings Call Transcript
2025-11-04 23:00
Financial Data and Key Metrics Changes - Organic revenue growth in Q3 2025 was 5%, with year-to-date organic revenue growth at 9% [4] - Adjusted EBITDA was flat year-over-year at approximately $72.5 million, with an adjusted EBITDA margin decline of about 170 basis points to 19.8% [20] - Adjusted diluted earnings per share grew 11% year-over-year, reaching $0.31 [4][20] - Total revenue for Q3 was $365.4 million, with a GAAP net loss of $30.2 million [19][20] Business Line Data and Key Metrics Changes - In the Insurance Advisory Solutions (IIS) segment, organic revenue growth was flat, but adjusting for accounting changes, it would have been 4% [5][6] - Underwriting Capacity and Technology Solutions (UCTS) segment saw organic revenue growth of 16%, driven by strong performance in multifamily and commercial umbrella portfolios [9] - Mainstreet Insurance Solutions (MIS) segment experienced slightly negative organic revenue growth, primarily due to a one-time commission reset [10] Market Data and Key Metrics Changes - The renewal premium change was a significant headwind at -5.7%, reflecting client caution amid macroeconomic uncertainty [8] - Sales velocity remained strong at 20% in Q3, indicating effective new business generation [6][7] Company Strategy and Development Direction - The company announced the 3B30 CADLIST program, a three-year transformation initiative aimed at enhancing automation and AI integration [15][16] - The focus remains on organic reinvestment, M&A, and opportunistic share repurchases as part of capital allocation strategy [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to navigate a dynamic insurance market, expecting continued improvement in organic revenue growth in 2026 [18][24] - The company anticipates a cumulative transformation charge of approximately $40 million by the end of 2028, with projected annualized savings of $40 million [17][18] Other Important Information - The company is experiencing a historic high in the backlog of won but not yet booked new business, indicating strong future revenue potential [6] - The acquisition of Hippo's home builder distribution network is expected to enhance growth opportunities in the embedded home insurance market [13] Q&A Session Summary Question: Clarification on IIS segment performance - Management noted that the flat organic growth in IIS was impacted by a procedural accounting change, which is a timing issue rather than a loss of revenue [28] Question: Competitive pressures in UCTS - Management indicated that competitive dynamics vary by product line, and they maintain a strong market position through embedded insurance solutions [34][36] Question: Preliminary outlook for 2026 - Management expects high single-digit organic growth in 2026, with a gradual acceleration throughout the year [39][43] Question: Impact of commission changes on future revenue - Management clarified that the headwinds from commission changes will cease by April 2026, transitioning into a tailwind as new fee structures take effect [50][51] Question: Capital management and share buybacks - Management reiterated the commitment to achieving leverage below four times before initiating a share buyback program, emphasizing the importance of financial flexibility [53][54]
Great Elm Capital Corp. Announces Third Quarter 2025 Financial Results
Globenewswire· 2025-11-04 21:15
Company to Host Conference Call and Webcast at 8:30 AM ET on November 5, 2025Board Maintains $0.37 Per Share Distribution and Announces $10 Million Share Repurchase Authorization GECC Strengthened its Balance Sheet Raising $27 Million of Equity and Refinancing Highest Cost Debt NAV Decline From $12.10 to $10.01 Per Share Primarily Due to Losses on First Brands; NII Lower As Anticipated Due to Uneven CLO JV Distributions and Lack of a Preference Share Dividend NII Expected to Recover in the Fourth Quarter ...
CPRI Posts Q2 Loss, Y/Y Declines in Michael Kors & Jimmy Choo Revenues
ZACKS· 2025-11-04 19:51
Key Takeaways CPRI posted a Q2 adjusted loss of $0.03 per share, missing estimates and down y/y from adjusted EPS of $0.64.Revenues declined 2.5% y/y to $856M, as both Michael Kors and Jimmy Choo posted y/y sales drops.A $1.375B Versace sale-off and a new $1B buyback aim to boost CPRI's balance sheet and shareholder value.Capri Holdings Limited (CPRI) has reported results for the second quarter of fiscal 2026, with the top line declining year over year but surpassing the Zacks Consensus Estimate. The bottom ...
Capri (CPRI) - 2026 Q2 - Earnings Call Transcript
2025-11-04 14:30
Capri (NYSE:CPRI) Q2 2026 Earnings Call November 04, 2025 08:30 AM ET Speaker0Ladies and gentlemen, greetings and welcome to Capri Holdings Limited Second Quarter Fiscal 2026 Financial Results Conference Call. At this time, all participants are in the listen-only mode. A brief question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star and zero on your telephone keypad. As a reminder, this conference is being recorded ...
Unum(UNM) - 2025 Q3 - Earnings Call Transcript
2025-11-04 14:00
Unum Group (NYSE:UNM) Q3 2025 Earnings Call November 04, 2025 08:00 AM ET Speaker2Hello, and thank you for standing by. My name is Bella, and I will be your conference operator today. At this time, I would like to welcome everyone to Unum Group 3Q 2025 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. We do request for today's session that you please limit to one question and one follow-up. ...
TGE Announces a Share Repurchase Program
Prnewswire· 2025-11-03 12:38
Core Viewpoint - The Generation Essentials Group (TGE) has authorized a share repurchase program to buy back up to US$5 million of its ordinary shares until January 31, 2026, aiming to enhance long-term share price stability and intrinsic value focus [1][4]. Group 1: Share Repurchase Program - The share repurchase may be executed through various methods including open market purchases, privately negotiated transactions, and block trades, depending on market conditions [2]. - The timing and amount of repurchases will comply with SEC rules, and a special task force will periodically review and adjust the program as necessary [3]. Group 2: Financial Position - As of June 30, 2025, TGE's net asset value per share is US$17.3, and total asset value per share is US$25.7, indicating that the Class A ordinary shares are perceived as undervalued [4]. - There is significant short interest in TGE's Class A ordinary shares, which the company aims to address through the buyback program [4]. Group 3: Company Overview - TGE, established by AMTD Group, AMTD IDEA Group, and AMTD Digital Inc., focuses on global strategies in multimedia, entertainment, and hospitality, with a diversified portfolio including L'Officiel and The Art Newspaper [5].
Civeo(CVEO) - 2025 Q3 - Earnings Call Transcript
2025-10-31 13:30
Financial Data and Key Metrics Changes - Civeo reported total revenues of $170.5 million for Q3 2025, with a net loss of $0.5 million or $0.04 per share [10] - Adjusted EBITDA for the quarter was $28.8 million, reflecting a year-over-year increase primarily driven by cost-cutting measures in Canada and contributions from Australian acquisitions [10][11] - The net leverage ratio as of September 30, 2025, was 2.1 times, with total liquidity of approximately $70 million [12][20] Business Line Data and Key Metrics Changes - Australian segment revenues increased by 7% year-over-year to $124.5 million, with adjusted EBITDA growing by 19% to $26.7 million [10][11] - Canadian segment revenues decreased to $46 million from $57.7 million in Q3 2024, but adjusted EBITDA improved to $8 million from $3.4 million due to cost-reduction measures [10][11] Market Data and Key Metrics Changes - In Australia, billed rooms increased by 18% year-over-year to 763,000, while the daily room rate in U.S. dollars decreased from $79 to $77 due to a weakened Australian dollar [11] - Canadian billed rooms totaled 383,000, down from 484,000 in Q3 2024, with a stable daily room rate of $100 [11] Company Strategy and Development Direction - The company is focused on growing its integrated services business in Australia, aiming for AUD 500 million in revenue by 2027 [5][16] - In Canada, the strategy includes leveraging mobile camp assets for infrastructure projects, with a focus on cost-cutting and operational efficiency [8][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the Australian business despite expected modest occupancy softness due to seasonal factors and market conditions [5][16] - In Canada, management noted that the operating environment remains challenging but highlighted the success of cost-cutting initiatives [7][19] Other Important Information - Civeo repurchased approximately 1 million shares during the quarter, bringing the year-to-date return of capital to shareholders to $52 million [4][12] - The company plans to use no less than 100% of annual free cash flow for share repurchases and maintain a net leverage ratio in the two-times range [20] Q&A Session Summary Question: Guidance for 2026 and year-over-year expectations - Management expects 2026 to show year-over-year growth, with Australian-owned villages' occupancy remaining stable and integrated services showing top-line growth [23] Question: Opportunities for mobile camp assets - Management confirmed active bidding for mobile camp projects in both Canada and the U.S., with a focus on LNG and infrastructure-related opportunities [25] Question: Capital allocation preferences - The company is committed to completing its share repurchase authorization while remaining open to attractive acquisition opportunities [26] Question: Growth opportunities in Australia - Management remains optimistic about reaching the AUD 500 million target by 2027, emphasizing organic growth and potential acquisitions [30] Question: Staffing challenges in Australia - Staffing remains a challenge, particularly for chefs, but management is making progress in recruitment [42] Question: Future cost-cutting initiatives in Canada - Management indicated that while initial cost-cutting measures have been successful, ongoing efforts will continue to adapt to the new operating reality [46][48]