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Nexans Mixed Shareholders’ Meeting of May 15th, 2025
Globenewswire· 2025-05-15 16:00
Nexans Mixed Shareholders’ Meeting of May 15th, 2025 _PRESS RELEASE_ Paris La Défense, on May 15th, 2025 – Nexans Annual Shareholders' Meeting, held today in Paris, approved all 27 resolutions agreed by the Board of Directors. The voting results are available on the Nexans website. The Shareholders’ Meeting was broadcast live in French and English, and a replay will be available shortly on this same website.The shareholders adopted all the resolutions submitted, and thus approved: The distribution of a divi ...
Morgan Stanley(MS) - 2025 FY - Earnings Call Transcript
2025-05-15 13:00
Financial Data and Key Metrics Changes - In 2024, the company achieved a return on average tangible common equity of 18.8% and diluted earnings per share of $7.95, with annual net revenues reaching a record $61.8 billion and net income of $13.4 billion [5][6] - The first quarter of 2025 produced a 23% return on average tangible common equity, with a capital increase of $2 billion and a 10% growth in equity capital base over the last five quarters [9][10] Business Line Data and Key Metrics Changes - The Wealth Management and Investment Management businesses held $7.9 trillion in client assets at the end of 2024, on track to exceed $10 trillion [7] - The integrated firm strategy focuses on delivering strong results across wealth management, investment management, and institutional securities [6][8] Market Data and Key Metrics Changes - The company capitalized on an improved capital markets backdrop in 2024, leading to strong results and durable earnings [8] - The outlook for the markets is anticipated to be less predictable in the short term, with adjustments expected due to trade policy and fiscal changes [9][10] Company Strategy and Development Direction - The company aims to capitalize on long-term growth drivers across wealth and investment management and its global investment bank [11] - A focus on a well-defined strategy, experienced management team, and a culture of rigor and partnership is emphasized for long-term success [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledges a period of adjustment ahead, with higher volatility and uncertainty in the markets, but emphasizes the value of the company's global reach and insights [10][11] - The company is committed to prudent long-term planning despite near-term uncertainties [12] Other Important Information - The board of directors recommended against a shareholder proposal for disclosure of an energy supply ratio, which received only 13% support [27] - The company continues to invest in diversity and inclusion as a critical component of its culture and success [29][30] Q&A Session Summary Question: Inquiry on Diversity and Inclusion Programs - The company highlighted its commitment to investing in talent and creating an inclusive workplace, which is essential for serving clients and delivering strong returns [29][30]
HPQ Fumed Silica Pilot Produces Significant Material Volumes in Key Milestone
Globenewswire· 2025-05-15 11:00
Material Produced in the Reactor and Collected in Product Recovery UnitMONTREAL, May 15, 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, would like to inform shareholders that HPQ Silica Polvere Inc. (“HSPI”) [1] proprietary Fumed Silica Reactor (FSR) Pilot Plant has reached a Significant Milestone during its 4th Phase-one batch test. HSPI’s technology suppl ...
AB “Ignitis grupė” Strategic Plan 2025–2028: paving the way towards 100% green and secure energy ecosystem
Globenewswire· 2025-05-14 06:03
Core Viewpoint - Ignitis Group has published its Strategic Plan for 2025–2028, focusing on creating a 100% green and secure energy ecosystem for future generations [1] Group's Green Capacities Portfolio - The Group aims to expand its Green Capacities Portfolio to 4–5 GW by 2030, enhancing energy security and contributing to surplus green energy production [2] - The target is to double installed Green Capacities to 2.6–3.0 GW by 2028, up from 1.4 GW in 2024, with a current total of 8.4 GW, including 3.1 GW of Secured Capacity [3] Electricity Supply and EV Charging Network - The Group plans to increase electricity supply from 6.7 TWh in 2024 to 9.0–11.0 TWh by 2028, while also developing a leading EV fast-charging network in the Baltics [4] Financial Investments and Targets - Planned investments for 2025–2028 range from EUR 3.0–4.0 billion, with 85–90% aligned with EU Taxonomy [6] - Approximately 59% of these investments (EUR 1.7–2.4 billion) will focus on developing Green Capacities, while 36% (EUR 1.2–1.3 billion) will be directed towards electricity distribution network expansion [7] Financial Performance Expectations - Investments are expected to generate EUR 600–680 million in Adjusted EBITDA by 2028, an increase from EUR 527.9 million in 2024, with a target of 70–75% sustainable Adjusted EBITDA share [8] - The average Adjusted ROCE is projected to be between 6.5–7.5% during 2025–2028 [8] Credit Rating and Dividend Policy - The Group aims to maintain a credit rating of 'BBB' or above, with a commitment to a minimum of 3% annual dividend growth, resulting in a projected dividend yield of 6.4%–7.0% for the 2025–2028 period [9] Sustainability Goals - The Group targets net zero emissions by 2040–2050, with a focus on reducing carbon intensity of Scope 1 & 2 GHG emissions to 190 g CO2-eq/kWh by 2028, representing a 5% reduction from 2024 [10]
Fuel Tech To Participate in the Sidoti Micro-Cap Virtual Investor Conference
Globenewswire· 2025-05-13 19:30
WARRENVILLE, Ill., May 13, 2025 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ: FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today announced that Chairman and Chief Executive Officer Vince Arnone is scheduled to present and host one-on-one meetings with investors at the Sidoti Micro-Cap Virtual Investor Conference, taking place on May 21-22, 2025. Presentation Date & Time: May 22, 2 ...
Fuel Tech Reports 2025 First Quarter Financial Results
GlobeNewswire News Room· 2025-05-12 20:30
Select First Quarter 2025 Highlights Revenue rose 29% to $6.4 millionGross margin expanded to 46.4%Operating loss narrowed to $1.0 millionBacklog rose 66% to $10.3 millionCash, cash equivalents and investments of $31.2 million, no long-term debt WARRENVILLE, Ill., May 12, 2025 (GLOBE NEWSWIRE) -- Fuel Tech, Inc. (NASDAQ: FTEK), a technology company using advanced engineering processes to provide emissions control systems and water treatment technologies in utility and industrial applications, today reported ...
Ford Motor(F) - 2025 FY - Earnings Call Transcript
2025-05-08 13:30
Financial Data and Key Metrics Changes - Ford reported a record revenue of $185 billion for the previous year, marking a 5% increase and the fourth consecutive year of top-line growth [35] - In the first quarter of the current year, revenue was $41 billion, which was down year-over-year due to planned factory downtime [36] - The adjusted free cash flow for last year was $6.7 billion, reflecting a 65% conversion rate [37] Business Line Data and Key Metrics Changes - Ford Pro's full-year revenue for 2024 increased by 15% to $67 billion, with an EBIT of $9 billion and a margin of 13.5% [34] - Sales of off-road performance vehicles grew by 20% in the first quarter in the US [28] - The company has almost 1 million paid subscriptions for its digital software services [32] Market Data and Key Metrics Changes - Ford was the number two electric vehicle brand in the US in 2024 [25] - International operations were collectively profitable in the last quarter, with China contributing $900 million in EBIT [36] - The hybrid sales now account for 10% to 15% of Ford's global sales every month [92] Company Strategy and Development Direction - The Ford Plus strategy aims to transform the company into a higher growth, higher margin, and more capital-efficient business [26] - The company is committed to maintaining its production in the US and has ongoing manufacturing investments in Tennessee, Ohio, and Kentucky [66] - Ford is focused on providing customers with a wide choice of powertrains, including gas, hybrid, and electric vehicles [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating economic uncertainties and emphasized the importance of policy certainty for US automakers [22] - The company is committed to improving quality, with 70% of annual bonuses linked to quality metrics [76] - Management highlighted the need for a clear plan to address supply chain emissions in line with net zero goals [16] Other Important Information - Ford's commitment to community support was highlighted, including efforts during crises such as water main breaks in Detroit [74] - The company has extended its Ford Power Promise to facilitate home charging for customers [39] - Ford's dividend payout over the last three years exceeded $10 billion [38] Q&A Session Summary Question: Impact of global economic uncertainty and tariffs - Management clarified that Ford has never left the US manufacturing base and highlighted the company's commitment to American production [62] - Tariff impacts were noted as $2.5 billion in negative headwinds, but Ford is better positioned than competitors [65] Question: Stock performance and share buybacks - Management expressed confidence in the company's future value and stated there are no plans for stock buybacks, focusing instead on long-term growth [70][72] Question: Quality improvements and recalls - Management reported a significant reduction in recalls from 8.8 million in 2022 to 4.8 million last year, with ongoing efforts to improve warranty costs [77][78] Question: Future vehicle production plans - Management indicated that while there is nostalgia for past models, the focus will be on future products that meet market demands [81][84] Question: Ford Pro's profitability and potential spin-off - Management confirmed that Ford Pro will remain integrated within the company due to its competitive advantages and growth potential [85][90] Question: EV strategy and competition from low-cost manufacturers - Management emphasized Ford's commitment to a diverse powertrain strategy, including hybrids and affordable EVs, to compete effectively in the market [91][94]
Flotek(FTK) - 2025 Q1 - Earnings Call Transcript
2025-05-07 15:00
Flotek Industries (FTK) Q1 2025 Earnings Call May 07, 2025 10:00 AM ET Speaker0 Good morning, ladies and gentlemen, and welcome to the Flotek Industries First Quarter twenty twenty five Earnings Conference Call. At this time, all lines are in listen only mode. Following the presentation, we will conduct a question and answer session. This call is being recorded on Wednesday, 05/07/2025. I would now like to turn the conference over to Michael Crotelli, Director of Finance and Investor Relations. Please go ah ...
Fortis Inc. Releases First Quarter 2025 Results
Globenewswire· 2025-05-07 10:00
This news release constitutes a "Designated News Release" incorporated by reference in the prospectus supplement dated December 9, 2024 to Fortis' short form base shelf prospectus dated December 9, 2024. ST. JOHN'S, Newfoundland and Labrador, May 07, 2025 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its first quarter results. Highlights "We are off to a strong start in 20 ...
HPQ Silicon has Submitted Response Letter to the Autorité des Marchés Financiers (AMF)
Globenewswire· 2025-05-06 13:24
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 ...