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The Eastern pany(EML) - 2025 Q1 - Earnings Call Transcript
2025-05-07 14:02
Financial Data and Key Metrics Changes - Revenues for the first quarter of fiscal year 2025 were $63.3 million, a slight decrease from $64.6 million in Q1 2024, representing a 2% decline [5][9] - EBITDA for the quarter was reported at $4.8 million, with earnings per share at $0.31, closely aligning with expectations [5] - Gross margin as a percentage of net sales decreased to 22.4% from 23.9% in the prior year, primarily due to higher raw material costs [10] - Net income from continuing operations was $1.9 million or $0.31 per diluted share, down from $2.1 million or $0.34 per diluted share in the previous year [11] - Adjusted net income from continuing operations was $2 million or $0.32 per diluted share, compared to $2.1 million or $0.34 per diluted share for the prior year [11] Business Line Data and Key Metrics Changes - The decline in net sales was attributed to decreased sales of truck mirror assemblies and truck accessories, offset by increased sales of returnable transport packaging products [9] - The backlog as of March 29, 2025, decreased by 9% to $85.9 million compared to $94 million as of March 30, 2024, driven by decreased orders across several product lines [9][10] - Selling, general, and administrative expenses decreased by $800,000 or 8% compared to the previous year, mainly due to lower payroll-related expenses [10] Market Data and Key Metrics Changes - The medium and heavy-duty truck markets have experienced significant impacts, with a noted softness in build rates expected to continue [18] - The returnable packaging market, particularly in the automotive segment, has been quiet, with a potential for pent-up demand as production shifts back to the U.S. [28][31] Company Strategy and Development Direction - The company plans to enhance strategic growth plans, eliminate bureaucracy, and optimize cash flow in 2025 [8] - Key initiatives include a focus on new product development and maintaining a nimble supply chain to adapt to market changes [17][20] - The company is also prioritizing mergers and acquisitions, with a disciplined approach to potential deals in 2025 and beyond [40] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in the marketplace but expressed confidence in the company's positioning to capitalize on future demand [5][29] - The leadership team is focused on cost discipline and operational efficiency amid uncertain market conditions [39] - The company is actively managing tariff impacts and has been able to neutralize some of the effects thus far [40] Other Important Information - The company completed a share buyback program of 200,000 shares and has authorized an additional program for 400,000 shares [12] - Capital expenditures for the quarter were $800,000, and dividends paid amounted to $700,000 [12] Q&A Session Summary Question: Outlook for returnable packaging business - Management indicated that the returnable packaging market is currently quiet, particularly in automotive, but believes they are well-positioned to respond to any future demand shifts [28][29] Question: Gross margin expectations - Management noted that the lower gross margin is partly due to sales mix and expects higher-margin products to gain better market velocity, which could support margin improvement [32][33]
The Eastern pany(EML) - 2025 Q1 - Earnings Call Transcript
2025-05-07 14:00
Financial Data and Key Metrics Changes - Revenues for the first quarter of 2025 were $63.3 million, a slight decrease from $64.6 million in Q1 2024, representing a 2% decline [5][10] - EBITDA for the quarter was $4.8 million, with earnings per share at $0.31, close to expectations [5] - Gross margin as a percentage of net sales decreased to 22.4% from 23.9% in the prior year, primarily due to higher raw material costs [11] - Net income from continuing operations was $1.9 million or $0.31 per diluted share, down from $2.1 million or $0.34 per diluted share in the previous year [12] - Adjusted net income from continuing operations was $2 million or $0.32 per diluted share, compared to $2.1 million or $0.34 per diluted share for the prior year [12] - Senior net leverage ratio increased to 1.45 from 1.23 at the end of 2024 [13] Business Line Data and Key Metrics Changes - The decline in net sales was primarily due to decreased sales of truck mirror assemblies and truck accessories, offset by increased sales of returnable transport packaging products [10] - The backlog decreased by 9% to $85.9 million compared to $94 million in the previous year, driven by decreased orders in several product categories [10] Market Data and Key Metrics Changes - The medium and heavy-duty truck markets have experienced significant impacts, with a noted softness in build rates expected to continue [19] - The returnable packaging market, particularly in the automotive segment, has been quiet, with a potential for pent-up demand as production shifts back to the U.S. [29][32] Company Strategy and Development Direction - The company plans to enhance strategic growth plans, eliminate bureaucracy, and optimize cash flow in 2025 [8] - Key initiatives include a focus on new product development and a nimble supply chain to adapt to market changes [18][21] - The company is also prioritizing mergers and acquisitions, with a disciplined approach to potential deals [41] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in the marketplace but expressed optimism about the company's positioning and future growth opportunities [5][39] - The company is actively managing tariff impacts and has been able to neutralize some of the effects thus far [40] - There is a belief that the company is currently in a trough and expects a recovery as customers begin to move forward with their programs [30] Other Important Information - The company completed a share buyback program of 200,000 shares and has authorized an additional program for 400,000 shares [6][13] - Leadership transitions have been completed, with a new board member joining who has significant industry experience [7] Q&A Session Summary Question: Outlook for returnable packaging business - Management noted a quiet market in returnable packaging, particularly in automotive, but believes they are well-positioned to capitalize on any future demand as production shifts back to the U.S. [29][30] Question: Gross margin expectations - Management indicated that while gross margins are currently lower, they expect to improve margins through better sales mix and cost management [33][34]
Sydbank’s Interim Report – Q1 2025
Globenewswire· 2025-05-07 06:26
Company Announcement No 20/20257 May 2025 Sydbank’s Interim Report – Q1 2025 Q1 2025 – highlights Profit for the period of DKK 645m equals a return on equity of 17.4% p.a. after taxCore income of DKK 1,700m is 8% lower compared to the same period in 2024Trading income of DKK 64m compared to DKK 89m in the same period in 2024Costs (core earnings) of DKK 881m compared to DKK 831m in the same period in 2024Core earnings before impairment of DKK 883m are 20% lower compared to the same period in 2024Impairment ...
Aalberts reports the progress of its share buyback programme 28 April – 02 May 2025
Globenewswire· 2025-05-06 13:00
Utrecht, 6 May 2025 contact +31 (0)30 3079 302 (from 8:00 am CET) investors@aalberts.com regulated information This press release is issued in connection with the disclosure and reporting obligations as set out in Article 5(1) (b) Regulation (EU) 596/2014 and Article 2(2) of the Commission Delegated Regulation (EU) 2016/1052 that contains technical standards for buyback programs Aalberts today reports that it has repurchased 8,456 of its own shares in the period from 28 April 2025, up to and including 02 Ma ...
JDE Peet’s share buyback periodic update May 6, 2025
Globenewswire· 2025-05-06 12:00
Group 1 - JDE Peet's has repurchased 20,470 shares from April 28, 2025, to May 2, 2025, at an average price of EUR 21.21 per share, totaling EUR 0.4 million [1] - The total number of shares repurchased under the buyback program to date is 3,576,633 ordinary shares for a total consideration of EUR 66.5 million [2] - The share buyback program was announced on March 3, 2025, with a total budget of EUR 250 million [1][2] Group 2 - JDE Peet's is the world's leading pure-play coffee and tea company, serving approximately 4,400 cups per second across more than 100 markets [3] - The company has a portfolio of over 50 brands, including L'OR, Peet's, Jacobs, and Douwe Egberts [3] - In 2024, JDE Peet's generated total sales of EUR 8.8 billion and employed over 21,000 people globally [3]
Share Buyback Transaction Details April 24 – May 5, 2025
Globenewswire· 2025-05-06 08:00
Core Insights - Wolters Kluwer has repurchased 162,722 ordinary shares for €25.1 million at an average price of €153.97 during the period from April 24 to May 5, 2025 [2][3] - The company has fulfilled a previously disclosed agreement to repurchase €155 million in shares from February 28, 2025, to May 5, 2025 [3] - The total share buyback program announced on February 26, 2025, aims to repurchase shares worth up to €1 billion throughout 2025 [3] Share Buyback Program Details - Cumulative shares repurchased in 2025 to date amount to 1,862,332, with a total consideration of €286.9 million and an average share price of €154.05 [3] - Shares repurchased are held as treasury shares and will be used for capital reduction through share cancellation [3] Company Overview - Wolters Kluwer reported annual revenues of €5.9 billion for 2024 and serves customers in over 180 countries, employing approximately 21,600 people [6] - The company is headquartered in Alphen aan den Rijn, Netherlands, and is listed on Euronext Amsterdam [6][7]
Elis: Disclosure of trading in own shares occured from April 28 to May 2, 2025
Globenewswire· 2025-05-06 06:00
Summary of Key Points Core Viewpoint - Elis has disclosed its share buyback activities conducted from April 28 to May 2, 2025, as part of its authorized buyback program aimed at covering performance share plans and contributing to employee shareholding initiatives [2]. Group 1: Share Buyback Details - The total number of shares purchased during the buyback period was 114,431 shares [2]. - The weighted average price of shares acquired was €22.5364 [2]. - Daily transactions included: - April 28, 2025: 32,950 shares at €22.4268 [2] - April 29, 2025: 33,475 shares at €22.4416 [2] - April 30, 2025: 28,439 shares at €22.5364 [2] - May 2, 2025: 19,567 shares at €22.8829 [2] Group 2: Purpose of Share Buybacks - The share buyback operations are intended to cover maturing performance share plans and allocate free shares to employees as part of the "Elis for All 2025" international employee shareholding plan [2]. - Additionally, the shares purchased are planned to be cancelled in accordance with the resolution from the Combined General Meeting held on May 23, 2024 [2].
ASM share buyback update April 30 – May 2, 2025
Globenewswire· 2025-05-05 15:45
Group 1 - ASM International N.V. has initiated a share buyback program worth €150 million, starting on April 30, 2025 [2][3] - As of May 2, 2025, the company has repurchased a total of 7,931 shares at an average price of €432.27, amounting to a total repurchased value of €3,428,346 [1][2] - The share buyback program has seen 2.3% of the total amount repurchased so far [2] Group 2 - ASM International is headquartered in Almere, the Netherlands, and specializes in designing and manufacturing equipment for semiconductor device production [3] - The company's common stock is traded on the Euronext Amsterdam Stock Exchange under the symbol ASM [3]
FORVIA: Share Buyback Transaction Statement from 28 April to 2 May 2025
Globenewswire· 2025-05-05 15:30
Nanterre, 5 May 2025 Share Buyback Transaction Statement From 28 April to 2 May 2025(article 241-4, I of the Règlement Général of the Autorité des Marchés Financiers and position-recommendation of the Autorité des Marchés Financiers DOC-2017-04) Aggregated presentation by day and market Issuer’s nameIssuer’s identifying codeTransaction dateIdentifying code of financial instrumentDaily total volume (in number of shares)Daily weighted average price of shares acquiresMarket (MIC code)FORVIA969500F0VMZLK2IULV85 ...
Sydbank share buyback programme: transactions in week 18
Globenewswire· 2025-05-05 08:54
Core Points - Sydbank has initiated a share buyback programme amounting to DKK 1,350 million, which started on 3 March 2025 and is set to conclude by 31 January 2026 [1][2] - The purpose of the share buyback is to reduce the share capital of Sydbank, adhering to the Safe Harbour rules under EU regulations [2] - As of week 18, a total of 69,000 shares were repurchased, with a gross value of DKK 28,868,640, bringing the total shares bought back to 696,000 and a total gross value of DKK 289,031,550 [2][3] Transaction Details - The share buyback transactions for week 18 included: - 14,000 shares on 28 April 2025 at a VWAP of DKK 412.31 - 15,000 shares on 29 April 2025 at a VWAP of DKK 414.63 - 15,000 shares on 30 April 2025 at a VWAP of DKK 417.09 - 13,000 shares on 01 May 2025 at a VWAP of DKK 421.22 - 12,000 shares on 02 May 2025 at a VWAP of DKK 428.72 [2] - Following these transactions, Sydbank now holds a total of 4,080,435 own shares, representing 7.47% of the bank's share capital [3]